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Corpay CPAY Operating margin

Operating margin at other companies

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Fidelity National Information ServicesFIS
15.9%-0.8pp
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
-7.3%-3.2pp
Global Payments logo
Global PaymentsGPN
15.3%-10.4pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
17.9%0.0pp
Paychex logo
PaychexPAYX
36.9%-4.6pp
Block logo
BlockXYZ
4.9%+0.9pp

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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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 May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corpay's operating margin?
Corpay (CPAY) reported operating margin of 46.1% in Q1 2026.
How has Corpay's operating margin changed year-over-year?
Corpay's operating margin increased by 2.5% year-over-year, from 44.9% to 46.1%.
What is the long-term trend for Corpay's operating margin?
Over 4 years (2021 to 2025), Corpay's operating margin has grown at a -0.1% compound annual growth rate (CAGR), from 178.7% to 178.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.