Corpay annual debt-to-equity ratio
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2025
Corpay Debt-to-Equity Ratio Growth & History (CPAY)
Corpay's debt-to-equity ratio was 2.60 for fiscal 2025.
View full Corpay company overviewCorpay annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.60 | 0.02 | +0.59% |
| 2024 | 2024-12-31 | 2.59 | 0.51 | +24.59% |
| 2023 | 2023-12-31 | 2.08 | −0.73 | −26.08% |
| 2022 | 2022-12-31 | 2.81 | 0.69 | +32.62% |
| 2021 | 2021-12-31 | 2.12 | 1.73 | +448.06% |
| 2020 | 2020-12-31 | 0.39 | −0.11 | −22.19% |
| 2019 | 2019-12-31 | 0.50 | −0.12 | −19.80% |
| 2018 | 2018-12-31 | 0.62 | 0.18 | +40.99% |
| 2017 | 2017-12-31 | 0.44 | 0.01 | +1.46% |
| 2016 | 2016-12-31 | 0.43 | 0.12 | +40.15% |
| 2015 | 2015-12-31 | 0.31 | −0.23 | −43.17% |
| 2014 | 2014-12-31 | 0.54 | −0.67 | −55.21% |
| 2013 | 2013-12-31 | 1.21 | 0.20 | +20.01% |
| 2012 | 2012-12-31 | 1.01 | 0.14 | +16.64% |
| 2011 | 2011-12-31 | 0.87 | 0.12 | +15.73% |
| 2010 | 2010-12-31 | 0.75 | — | — |
Corpay quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.00 | 0.93 | +45.16% |
| Q1 2026 | 2026-03-31 | 2.95 | 0.59 | +24.76% |
| Q4 2025 | 2025-12-31 | 2.60 | 0.02 | +0.59% |
| Q3 2025 | 2025-09-30 | 1.99 | 1.19 | +147.00% |
| Q2 2025 | 2025-06-30 | 2.07 | 1.15 | +125.93% |
| Q1 2025 | 2025-03-31 | 2.37 | 1.78 | +304.94% |
| Q4 2024 | 2024-12-31 | 2.59 | 0.51 | +24.59% |
| Q3 2024 | 2024-09-30 | 0.81 | 0.04 | +5.24% |
| Q2 2024 | 2024-06-30 | 0.91 | 0.28 | +44.10% |
| Q1 2024 | 2024-03-31 | 0.58 | −0.14 | −19.71% |
| Q4 2023 | 2023-12-31 | 2.08 | −0.73 | −26.08% |
| Q3 2023 | 2023-09-30 | 0.77 | −0.35 | −31.04% |
| Q2 2023 | 2023-06-30 | 0.63 | −0.15 | −19.08% |
| Q1 2023 | 2023-03-31 | 0.73 | 0.06 | +9.68% |
| Q4 2022 | 2022-12-31 | 2.81 | 0.69 | +32.62% |
| Q3 2022 | 2022-09-30 | 1.11 | 0.51 | +85.65% |
| Q2 2022 | 2022-06-30 | 0.78 | 0.40 | +103.30% |
| Q1 2022 | 2022-03-31 | 0.66 | 0.25 | +60.33% |
| Q4 2021 | 2021-12-31 | 2.12 | 1.73 | +448.06% |
| Q3 2021 | 2021-09-30 | 0.60 | 0.14 | +31.91% |
| Q2 2021 | 2021-06-30 | 0.39 | −0.03 | −8.08% |
| Q1 2021 | 2021-03-31 | 0.41 | −0.31 | −42.43% |
| Q4 2020 | 2020-12-31 | 0.39 | −0.11 | −22.19% |
| Q3 2020 | 2020-09-30 | 0.45 | 0.13 | +40.52% |
| Q2 2020 | 2020-06-30 | 0.42 | −0.11 | −20.15% |
| Q1 2020 | 2020-03-31 | 0.72 | 0.18 | +34.57% |
| Q4 2019 | 2019-12-31 | 0.50 | −0.12 | −19.80% |
| Q3 2019 | 2019-09-30 | 0.32 | −0.15 | −32.28% |
| Q2 2019 | 2019-06-30 | 0.53 | −0.03 | −5.63% |
| Q1 2019 | 2019-03-31 | 0.53 | 0.12 | +28.06% |
| Q4 2018 | 2018-12-31 | 0.62 | 0.18 | +40.99% |
| Q3 2018 | 2018-09-30 | 0.48 | 0.01 | +2.13% |
| Q2 2018 | 2018-06-30 | 0.56 | 0.13 | +31.42% |
| Q1 2018 | 2018-03-31 | 0.42 | −0.00 | −0.97% |
| Q4 2017 | 2017-12-31 | 0.44 | 0.01 | +1.46% |
| Q3 2017 | 2017-09-30 | 0.47 | 0.03 | +7.30% |
| Q2 2017 | 2017-06-30 | 0.42 | 0.16 | +58.54% |
| Q1 2017 | 2017-03-31 | 0.42 | 0.17 | +69.59% |
| Q4 2016 | 2016-12-31 | 0.43 | 0.12 | +40.15% |
| Q3 2016 | 2016-09-30 | 0.44 | 0.10 | +28.77% |
| Q2 2016 | 2016-06-30 | 0.27 | −0.16 | −37.64% |
| Q1 2016 | 2016-03-31 | 0.25 | −0.23 | −48.32% |
| Q4 2015 | 2015-12-31 | 0.31 | −0.23 | −43.17% |
| Q3 2015 | 2015-09-30 | 0.34 | −0.25 | −42.71% |
| Q2 2015 | 2015-06-30 | 0.43 | −0.26 | −38.05% |
| Q1 2015 | 2015-03-31 | 0.48 | −0.53 | −52.64% |
| Q4 2014 | 2014-12-31 | 0.54 | −0.67 | −55.21% |
| Q3 2014 | 2014-09-30 | 0.59 | −0.38 | −38.91% |
| Q2 2014 | 2014-06-30 | 0.69 | −0.29 | −29.73% |
| Q1 2014 | 2014-03-31 | 1.01 | −0.00 | −0.19% |
| Q4 2013 | 2013-12-31 | 1.21 | 0.20 | +20.01% |
| Q3 2013 | 2013-09-30 | 0.97 | 0.13 | +15.93% |
| Q2 2013 | 2013-06-30 | 0.98 | 0.20 | +25.22% |
| Q1 2013 | 2013-03-31 | 1.02 | 0.12 | +12.89% |
| Q4 2012 | 2012-12-31 | 1.01 | 0.14 | +16.64% |
| Q3 2012 | 2012-09-30 | 0.83 | — | — |
| Q2 2012 | 2012-06-30 | 0.79 | — | — |
| Q1 2012 | 2012-03-31 | 0.90 | — | — |
| Q4 2011 | 2011-12-31 | 0.87 | 0.12 | +15.73% |
| Q4 2010 | 2010-12-31 | 0.75 | — | — |
Corpay debt-to-equity ratio trends
Over the last five fiscal years, Corpay's debt-to-equity ratio increased from 0.39 to 2.60, a change of 2.22. The latest reported quarter, Q2 2026, shows 3.00.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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