Corpay (CPAY) Gross Margin (2010 - 2026)
Corpay's (CPAY) quarterly Gross Margin came in at 88.25% in Q1 2026, down 106.0% YoY from 1470.78% in Q1 2025, and down 0.78% on a QoQ basis from 88.94% in Q4 2025.
Corpay (CPAY) Gross Margin (2010 - 2026) Analysis & Trends
Corpay (CPAY) has 17 years of Gross Margin data on file, last reported at 88.25% in Q1 2026.
- Quarterly Gross Margin fell 106.0% year-over-year to 88.25% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 89.14% (down 112.0% YoY) and the FY2025 annual result came in at 89.42%, down 99.0% from the prior year.
- Gross Margin retreated to 88.25% in Q1 2026, from 88.94% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 91.15% in Q3 2023 to a low of 18.7% in Q1 2022.
- A 5-year average of 81.22% and a median of 89.49% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 7274 bps — and 2023, when it jumped 7225 bps.
- Tracing CPAY's Gross Margin over 5 years: stood at 84.26% in 2022, then sank by 67 bps to 28.12% in 2023, then surged by 222 bps to 90.57% in 2024, then dropped by 2 bps to 88.94% in 2025, then dropped by 1 bps to 88.25% in 2026.
- The last three Gross Margin figures came in at 88.25% (Q1 2026), 88.94% (Q4 2025), and 89.97% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Corpay | 26.70 Bn | 19.70 Bn | 1.19 Bn | 88.75% |
Historic Data
Download 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 | 28.12% |
| Sep 30, 2023 | 91.15% |
| Jun 30, 2023 | 90.89% |
| Mar 31, 2023 | 90.95% |
| Dec 31, 2022 | 84.26% |
| Sep 30, 2022 | 85.33% |
| Jun 30, 2022 | 83.81% |
| Mar 31, 2022 | 18.70% |
| Dec 31, 2021 | 90.58% |
| Sep 30, 2021 | 90.58% |