What is Corpay's deferred revenue?

Corpay (CPAY) reported deferred revenue of $7.85B in Q1 2026.

How has Corpay's deferred revenue changed year-over-year?

Corpay's deferred revenue increased by 143.3% year-over-year, from $3.23B to $7.85B.

What is the long-term trend for Corpay's deferred revenue?

Over 5 years (2020 to 2025), Corpay's deferred revenue has grown at a 47.2% compound annual growth rate (CAGR), from $1.18B to $8.12B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Corpay CPAY Deferred Revenue

Deferred Revenue at other companies

WEXWEX

$25.9M-56.5%

BILL HoldingsBILL

$21.29M-2.1%

Fidelity National Information ServicesFIS

$1.08B+12.4%

Expensify, Inc.EXFY

$600K+19.3%

Paycom SoftwarePAYC

$121.7M+2.7%

PaysignPAYS

$158.11M+51.6%

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$25.12B+7.4%

Enterprise value$32.94B+12.3%

P/E21.4×-0.9×

P/S5.3×-0.4×

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:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Corpay (CPAY) reported deferred revenue of $7.85B in Q1 2026.
How has Corpay's deferred revenue changed year-over-year?: Corpay's deferred revenue increased by 143.3% year-over-year, from $3.23B to $7.85B.
What is the long-term trend for Corpay's deferred revenue?: Over 5 years (2020 to 2025), Corpay's deferred revenue has grown at a 47.2% compound annual growth rate (CAGR), from $1.18B to $8.12B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.