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Corpay CPAY Free cash flow margin

Free cash flow margin at other companies

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American ExpressAXP
19.3%
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Fidelity National Information ServicesFIS
23.6%+0.8pp
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
19.8%-0.4pp
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Global PaymentsGPN
12%-19.4pp
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PayPal Holdings, Inc.PYPL
16.3%-2.4pp
Paychex logo
PaychexPAYX
33%+3.5pp

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$23.09B-19.2%
Enterprise value$30.92B-11.2%
P/E19.6×-8.5×
P/S4.8×-2.2×

Profitability

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Operating margin46.1%+1.1pp
Net margin24.6%-0.6pp

Returns & leverage

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Return on equity33.8%+3.5pp
Debt / equity+0.6×
Current ratio-0.1×

Where this comes from

Calculated from Corpay’s reported figures.

Based on trailing twelve months.

The official record: Corpay’s 10-Q, filed August 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corpay's free cash flow margin?
Corpay (CPAY) reported free cash flow margin of 46.2% in Q2 2025.
How has Corpay's free cash flow margin changed year-over-year?
Corpay's free cash flow margin increased by 1.9% year-over-year, from 45.4% to 46.2%.
What is the long-term trend for Corpay's free cash flow margin?
Over 3 years (2021 to 2024), Corpay's free cash flow margin has grown at a 5.2% compound annual growth rate (CAGR), from 149.9% to 174.6%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.