Corpay annual operating margin
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2025
Corpay Operating Margin Growth & History (CPAY)
Corpay's operating margin was 44.04% for fiscal 2025.
View full Corpay company overviewCorpay annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 44.04% | −0.93 pp |
| 2024 | 2024-12-31 | 44.96% | +0.87 pp |
| 2023 | 2023-12-31 | 44.09% | +1.88 pp |
| 2022 | 2022-12-31 | 42.21% | −1.64 pp |
| 2021 | 2021-12-31 | 43.85% | +3.15 pp |
| 2020 | 2020-12-31 | 40.70% | −5.79 pp |
| 2019 | 2019-12-31 | 46.49% | +1.67 pp |
| 2018 | 2018-12-31 | 44.82% | +5.53 pp |
| 2017 | 2017-12-31 | 39.29% | −1.89 pp |
| 2016 | 2016-12-31 | 41.18% | +1.98 pp |
| 2015 | 2015-12-31 | 39.20% | −7.94 pp |
| 2014 | 2014-12-31 | 47.14% | +0.16 pp |
| 2013 | 2013-12-31 | 46.99% | +1.06 pp |
| 2012 | 2012-12-31 | 45.92% | +2.36 pp |
| 2011 | 2011-12-31 | 43.56% | +4.26 pp |
| 2010 | 2010-12-31 | 39.30% | −1.95 pp |
| 2009 | 2009-12-31 | 41.25% | — |
Corpay quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 35.28% | −8.22 pp |
| Q1 2026 | 2026-03-31 | 50.45% | +7.98 pp |
| Q4 2025 | 2025-12-31 | 45.22% | −1.99 pp |
| Q3 2025 | 2025-09-30 | 44.62% | −0.87 pp |
| Q2 2025 | 2025-06-30 | 43.50% | −0.91 pp |
| Q1 2025 | 2025-03-31 | 42.47% | −0.01 pp |
| Q4 2024 | 2024-12-31 | 47.21% | +1.97 pp |
| Q3 2024 | 2024-09-30 | 45.49% | −0.35 pp |
| Q2 2024 | 2024-06-30 | 44.41% | +0.89 pp |
| Q1 2024 | 2024-03-31 | 42.48% | +0.86 pp |
| Q4 2023 | 2023-12-31 | 45.24% | +3.45 pp |
| Q3 2023 | 2023-09-30 | 45.83% | +2.25 pp |
| Q2 2023 | 2023-06-30 | 43.52% | +0.51 pp |
| Q1 2023 | 2023-03-31 | 41.63% | +1.37 pp |
| Q4 2022 | 2022-12-31 | 41.79% | −0.63 pp |
| Q3 2022 | 2022-09-30 | 43.58% | −1.25 pp |
| Q2 2022 | 2022-06-30 | 43.02% | −1.58 pp |
| Q1 2022 | 2022-03-31 | 40.26% | −3.44 pp |
| Q4 2021 | 2021-12-31 | 42.42% | −5.20 pp |
| Q3 2021 | 2021-09-30 | 44.83% | −0.37 pp |
| Q2 2021 | 2021-06-30 | 44.59% | +4.07 pp |
| Q1 2021 | 2021-03-31 | 43.70% | +13.30 pp |
| Q4 2020 | 2020-12-31 | 47.61% | +1.71 pp |
| Q3 2020 | 2020-09-30 | 45.20% | −3.13 pp |
| Q2 2020 | 2020-06-30 | 40.52% | −5.42 pp |
| Q1 2020 | 2020-03-31 | 30.40% | −15.30 pp |
| Q4 2019 | 2019-12-31 | 45.90% | +1.65 pp |
| Q3 2019 | 2019-09-30 | 48.33% | +2.96 pp |
| Q2 2019 | 2019-06-30 | 45.95% | +0.68 pp |
| Q1 2019 | 2019-03-31 | 45.70% | +1.28 pp |
| Q4 2018 | 2018-12-31 | 44.25% | +4.91 pp |
| Q3 2018 | 2018-09-30 | 45.37% | +5.11 pp |
| Q2 2018 | 2018-06-30 | 45.26% | +5.35 pp |
| Q1 2018 | 2018-03-31 | 44.42% | +6.94 pp |
| Q4 2017 | 2017-12-31 | 39.35% | −2.59 pp |
| Q3 2017 | 2017-09-30 | 40.26% | +0.82 pp |
| Q2 2017 | 2017-06-30 | 39.92% | −1.04 pp |
| Q1 2017 | 2017-03-31 | 37.48% | −4.99 pp |
| Q4 2016 | 2016-12-31 | 41.94% | +8.00 pp |
| Q3 2016 | 2016-09-30 | 39.44% | −2.30 pp |
| Q2 2016 | 2016-06-30 | 40.96% | −0.85 pp |
| Q1 2016 | 2016-03-31 | 42.47% | +3.12 pp |
| Q4 2015 | 2015-12-31 | 33.94% | −11.88 pp |
| Q3 2015 | 2015-09-30 | 41.74% | −7.10 pp |
| Q2 2015 | 2015-06-30 | 41.81% | −7.36 pp |
| Q1 2015 | 2015-03-31 | 39.35% | −5.60 pp |
| Q4 2014 | 2014-12-31 | 45.83% | +4.32 pp |
| Q3 2014 | 2014-09-30 | 48.84% | −0.58 pp |
| Q2 2014 | 2014-06-30 | 49.17% | −0.21 pp |
| Q1 2014 | 2014-03-31 | 44.95% | −3.72 pp |
| Q4 2013 | 2013-12-31 | 41.51% | −4.48 pp |
| Q3 2013 | 2013-09-30 | 49.41% | +3.50 pp |
| Q2 2013 | 2013-06-30 | 49.38% | +1.98 pp |
| Q1 2013 | 2013-03-31 | 48.67% | +4.56 pp |
| Q4 2012 | 2012-12-31 | 45.98% | +7.29 pp |
| Q3 2012 | 2012-09-30 | 45.92% | −0.07 pp |
| Q2 2012 | 2012-06-30 | 47.40% | +2.78 pp |
| Q1 2012 | 2012-03-31 | 44.11% | −1.37 pp |
| Q4 2011 | 2011-12-31 | 38.69% | — |
| Q3 2011 | 2011-09-30 | 45.99% | — |
| Q2 2011 | 2011-06-30 | 44.62% | — |
| Q1 2011 | 2011-03-31 | 45.48% | — |
Corpay operating margin trends
Over the last five reported fiscal years, Corpay's operating margin increased from 40.70% to 44.04%, a change of +3.34 percentage points. The latest reported quarter, Q2 2026, shows 35.28%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Corpay filings at SEC.gov ↗