What is Corpay's vehicle payments — goodwill?

Corpay (CPAY) reported vehicle payments — goodwill of $2.92B in Q4 2025.

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

Corpay's vehicle payments — goodwill increased by 11.3% year-over-year, from $2.63B to $2.92B.

What does vehicle payments — goodwill mean?

Represents the premium paid over the fair value of net assets acquired in business combinations within the vehicle payments segment. It reflects the value of intangible synergies, brand reputation, and customer loyalty.

Corpay CPAY Vehicle Payments — Goodwill

Other segment segments

Corporate Payments

$3.96B+47.5%

Lodging Payments

$419.67M+1.5%

Other

$258.79M+0.4%

Similar metrics at other companies

TFI

TFINPayments — Goodwill

$15.6M—

NEWTPayments — Goodwill

$13.81M0.0%

SMP

SMPVehicle Control — Goodwill

$91.05M+0.7%

WEXCorporate Payments — Goodwill

$790.6M+3.3%

LAD

LADVehicle Operations — Goodwill

$2.46B+3.1%

STAutomotive — Goodwill

$1.74B0.0%

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:Goodwill.

The official record: Corpay’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corpay's vehicle payments — goodwill?: Corpay (CPAY) reported vehicle payments — goodwill of $2.92B in Q4 2025.
How has Corpay's vehicle payments — goodwill changed year-over-year?: Corpay's vehicle payments — goodwill increased by 11.3% year-over-year, from $2.63B to $2.92B.
What does vehicle payments — goodwill mean?: Represents the premium paid over the fair value of net assets acquired in business combinations within the vehicle payments segment. It reflects the value of intangible synergies, brand reputation, and customer loyalty.