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Corpay CPAY Vehicle Payments — Operating Income

Other segment segments

Corporate Payments
$171.31M+25.7%
Lodging Payments
$44.99M-17.0%
Other
$31.47M

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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$23.74B+0.3%
Enterprise value$31.56B+6.7%
P/E20.2×-2.4×
P/S-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 / equity+0.6×
Current ratio-0.1×

Where this comes from

Reported directly by Corpay in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 — operating income?
Corpay (CPAY) reported vehicle payments — operating income of $382.81M in Q1 2026.
How has Corpay's vehicle payments — operating income changed year-over-year?
Corpay's vehicle payments — operating income increased by 71.8% year-over-year, from $222.79M to $382.81M.
What is the long-term trend for Corpay's vehicle payments — operating income?
Over 4 years (2021 to 2025), Corpay's vehicle payments — operating income has grown at a 7.3% compound annual growth rate (CAGR), from $811.82M to $1.07B.
What does vehicle payments — operating income mean?
This is the profit earned from the segment's core operations after deducting operating expenses such as processing costs, selling, and administrative expenses. It excludes interest, taxes, and non-operating items, providing a clear view of the segment's operational efficiency. It is the primary measure of the segment's ability to generate profit from its business model.