Corpay (CPAY) Gross Margin (2010 - 2026)
Corpay (CPAY) posted Gross Margin of 88.25% for Q1 2026, down 0.78% quarter-over-quarter from 88.94% in Q4 2025, and down 106.0% year-on-year from 1470.78% in Q1 2025.
Corpay (CPAY) Gross Margin (2010 - 2026) Analysis & Trends
Corpay (CPAY) has reported Gross Margin for 17 consecutive years, with 88.25% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 88.25%, down 106.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 89.14% (down 112.0% YoY), and the FY2025 annual result was 89.42%, down 99.0% from the prior year.
- Gross Margin was 88.25% for Q1 2026 at Corpay, down from 88.94% in the prior quarter.
- Over five years, Gross Margin peaked at 91.71% in Q3 2022 and troughed at 29.56% in Q4 2023.
- Average Gross Margin over 5 years is 81.03%, with a median of 89.97% recorded in 2025.
- Year-over-year, Gross Margin sank 9033 bps in 2023 and surged 12013 bps in 2024.
- Over 5 years, Gross Margin stood at 60.77% in 2022, then tumbled by 149 bps to 29.56% in 2023, then jumped by 406 bps to 90.57% in 2024, then fell by 2 bps to 88.94% in 2025, then slipped by 1 bps to 88.25% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 88.25% in Q1 2026, 88.94% in Q4 2025, and 89.97% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Corpay | 23.03 Bn | 17.06 Bn | 1.11 Bn | 88.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 88.25% |
| Dec 31, 2025 | 88.94% |
| Sep 30, 2025 | 89.97% |
| Jun 30, 2025 | 89.49% |
| Mar 31, 2025 | 89.30% |
| Dec 31, 2024 | 90.57% |
| Sep 30, 2024 | 90.85% |
| Jun 30, 2024 | 90.26% |
| Mar 31, 2024 | 89.93% |
| Dec 31, 2023 | -29.56% |
| Sep 30, 2023 | 91.15% |
| Jun 30, 2023 | 90.89% |
| Mar 31, 2023 | 90.95% |
| Dec 31, 2022 | 60.77% |
| Sep 30, 2022 | 91.71% |
| Jun 30, 2022 | 83.81% |
| Mar 31, 2022 | 90.26% |
| Dec 31, 2021 | 90.58% |
| Sep 30, 2021 | 90.58% |
| Jun 30, 2021 | 90.53% |