Corpay (CPAY) Gross Margin (2010 - 2026)
Corpay (CPAY) reported Gross Margin of 88.25% for Q1 2026, down 106.0% on a YoY basis from 1470.78% in Q1 2025, and down 0.78% quarter-over-quarter from 88.94% in Q4 2025.
Corpay (CPAY) Gross Margin (2010 - 2026) Analysis & Trends
Corpay has reported Gross Margin for 17 years, with the latest figure at 88.25% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 106.0% year-over-year to 88.25%; the trailing twelve-month figure through Mar 2026 stood at 89.14% (down 112.0% YoY), and the FY2025 full-year result was 89.42%, down 99.0% from the prior year.
- Gross Margin for Q1 2026 stood at 88.25%, down from 88.94% in the prior quarter.
- The five-year high for Gross Margin was 91.71% in Q3 2022, with the low at 29.56% in Q4 2023.
- Historically, Gross Margin has averaged 81.03% across 5 years, with a median of 89.97% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin tumbled 9033 bps — and 2024, when it soared 12013 bps.
- Corpay's Gross Margin stood at 60.77% in 2022, then plunged by 149 bps to 29.56% in 2023, then jumped by 406 bps to 90.57% in 2024, then slipped by 2 bps to 88.94% in 2025, then fell 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 | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 71.21% |
| 10 | Corpay | 24.14 Bn | 18.16 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% |