What is Corpay's vehicle payments — depreciation?

Corpay (CPAY) reported vehicle payments — depreciation of $19.39M in Q1 2026.

How has Corpay's vehicle payments — depreciation changed year-over-year?

Corpay's vehicle payments — depreciation increased by 17.6% year-over-year, from $16.48M to $19.39M.

What does vehicle payments — depreciation mean?

Reflects the systematic allocation of the cost of tangible assets used within the vehicle payments segment over their useful lives. This includes hardware, servers, and office equipment essential for processing fleet payments.

Corpay CPAY Vehicle Payments — Depreciation

Other segment segments

Corporate Payments

$9.4M+59.4%

Lodging Payments

$4.42M+18.7%

Other

$2.18M-5.4%

Similar metrics at other companies

TFI

TFINPayments — Depreciation

$176K-23.5%

WEXCorporate Payments — Depreciation

$8.9M+1.1%

CARVehicle depreciation

$650M-6.2%

GHC

GHCAutomotive — Depreciation of property, plant and equipment

$1.85M+6.7%

WEXMobility — Depreciation

$15.5M+4.0%

ATLCAuto Finance — Depreciation Nonproduction

$18K-5.3%

Other financials

Income statement

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Revenue$1.3B+25.4%

Operating income$636.2M+48.9%

Net income$350.1M+43.9%

EPS (diluted)$5.07+49.1%

Balance sheet

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Cash & equivalents$2.5B+63.2%

Total debt$10.4B+26.8%

Total equity$3.5B+1.6%

Total assets$26.7B+43.8%

Cash flow

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Operating cash flow-$56.6M+23.6%

CapEx$51.1M+14.1%

Free cash flow-$107.7M+9.4%

Valuation

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Market cap$21.78B+0.2%

Enterprise value$29.61B+6.8%

P/E18.5×-2.2×

P/S4.6×-0.7×

Profitability

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Operating margin46.1%+1.1pp

Net margin24.6%-0.6pp

FCF margin46.2%+0.8pp

Returns & leverage

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Return on equity33.8%+3.5pp

Debt / equity3×+0.6×

Current ratio1×-0.1×

Where this comes from

Reported directly by Corpay in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Corpay’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corpay's vehicle payments — depreciation?: Corpay (CPAY) reported vehicle payments — depreciation of $19.39M in Q1 2026.
How has Corpay's vehicle payments — depreciation changed year-over-year?: Corpay's vehicle payments — depreciation increased by 17.6% year-over-year, from $16.48M to $19.39M.
What does vehicle payments — depreciation mean?: Reflects the systematic allocation of the cost of tangible assets used within the vehicle payments segment over their useful lives. This includes hardware, servers, and office equipment essential for processing fleet payments.