Corpay (CPAY) Gross Margin (2010 - 2026)
Corpay (CPAY) posted Gross Margin of 88.25% for Q1 2026, down 0.78% on a QoQ basis from 88.94% in Q4 2025, and down 106.0% year-over-year from 1470.78% in Q1 2025.
Corpay (CPAY) Gross Margin (2010 - 2026) Analysis & Trends
Corpay's Gross Margin history runs 17 years deep, the most recent figure standing at 88.25% for 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 was 88.25% for Q1 2026 at Corpay, down from 88.94% in the prior quarter.
- Across five years, Gross Margin topped out at 91.15% in Q3 2023 and bottomed at 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 tumbled 7274 bps — and 2023, when it jumped 7225 bps.
- Corpay's Gross Margin stood at 84.26% in 2022, then tumbled by 67 bps to 28.12% in 2023, then jumped by 222 bps to 90.57% in 2024, then fell by 2 bps to 88.94% in 2025, then fell by 1 bps to 88.25% in 2026.
- Business Quant data shows CPAY's Gross Margin at 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 | 2,925.10 Bn | 2,800.66 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,703.45 Bn | 2,703.45 Bn | 358.92 Mn | 37.74% |
| 3 | Oracle | 338.25 Bn | 306.36 Bn | - | - |
| 4 | Repay Holdings | 334.86 Bn | 334.72 Bn | - | - |
| 5 | Palantir Technologies | 298.00 Bn | 289.97 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 222.15 Bn | 217.61 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 180.62 Bn | 177.52 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 108.49 Bn | 105.19 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 93.80 Bn | 92.86 Bn | 455.60 Mn | 71.21% |
| 10 | Corpay | 26.43 Bn | 20.15 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 | 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% |
| Jun 30, 2021 | 90.53% |