Corpay (CPAY) Gross Margin (2010 - 2026)
Corpay's (CPAY) quarterly Gross Margin came in at 88.75% in Q2 2026, down 74.0% on a YoY basis from 341.35% in Q2 2025, and up 0.57% quarter-over-quarter from 88.25% in Q1 2026.
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Corpay (CPAY) Gross Margin (2010 - 2026) Analysis & Trends
Corpay (CPAY) has reported Gross Margin for 17 consecutive years, with 88.75% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 74.0% year-over-year to 88.75%; the trailing twelve-month figure through Jun 2026 stood at 88.96% (down 110.0% YoY), and the FY2025 full-year result was 89.42%, down 99.0% from the prior year.
- Gross Margin climbed to 88.75% in Q2 2026 per CPAY's latest filing, from 88.25% in the prior quarter.
- Across five years, Gross Margin topped out at 91.71% in Q3 2022 and bottomed at 88.25% in Q1 2026.
- Historically, Gross Margin has averaged 90.22% across 5 years, with a median of 90.42% in 2024.
- The sharpest annual moves came in 2022 and 2025: Gross Margin jumped 114 bps in 2022, then slumped 163 bps in 2025.
- Over 5 years, Gross Margin stood at 91.07% in 2022, then decreased by 0 bps to 90.8% in 2023, then retreated by 0 bps to 90.57% in 2024, then fell by 2 bps to 88.94% in 2025, then declined by 0 bps to 88.75% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 88.75%, 88.25%, and 88.94% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 47.96 Bn | 41.53 Bn | 3.17 Bn | 47.84% |
| 2 | PayPal Holdings | 46.69 Bn | 35.44 Bn | - | - |
| 3 | Fiserv | 26.99 Bn | 26.36 Bn | 3.59 Bn | 67.76% |
| 4 | Corpay | 26.69 Bn | 19.68 Bn | 1.19 Bn | 88.75% |
| 5 | Global Payments | 24.17 Bn | 18.76 Bn | 2.03 Bn | 61.04% |
| 6 | Wex | 6.49 Bn | 384.52 Mn | 463.80 Mn | 61.55% |
| 7 | Aci Worldwide | 5.27 Bn | 5.10 Bn | 181.57 Mn | 42.18% |
| 8 | Paymentus Holdings | 4.46 Bn | 4.08 Bn | 94.31 Mn | 26.14% |
| 9 | dLocal | 4.35 Bn | 3.47 Bn | 127.15 Mn | 31.81% |
| 10 | Sezzle | 4.00 Bn | 3.91 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 88.75% |
| 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 | 90.80% |
| Sep 30, 2023 | 91.15% |
| Jun 30, 2023 | 90.89% |
| Mar 31, 2023 | 90.95% |
| Dec 31, 2022 | 91.07% |
| Sep 30, 2022 | 91.71% |
| Jun 30, 2022 | 90.79% |
| Mar 31, 2022 | 90.26% |
| Dec 31, 2021 | 90.58% |
| Sep 30, 2021 | 90.58% |