Corpay (CPAY) Net Margin (2010 - 2026)
Corpay's Net Margin was 18.55% in Q2 2026, down 7.24 percentage points from 25.79% a year earlier and down 9.21 percentage points from the prior quarter.
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Analysis
Corpay (CPAY) Net Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Corpay's Net Margin was 22.72% through Jun 30, 2026, down 2.44 percentage points year-over-year; for FY2025, it came in at 23.62%, down 1.63 percentage points from FY2024.
- Net Margin has now declined for four consecutive years, with a five-year change of -5.85 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 25.25% in FY2024 (-0.88 pp), 26.13% in FY2023 (-1.72 pp), 27.85% in FY2022 (-1.78 pp) and 29.63% in FY2021 (+0.15 pp).
- The Q2 2026 figure marks the lowest quarterly Net Margin since Q4 2016.
- Compared with a year earlier, Net Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -1.80 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q1 2026 (a gain of 3.58 percentage points); the worst was Q1 2022 (a drop of 8.20 percentage points).
- Per Business Quant data, CPAY's Net Margin in the three quarters before Q2 2026 was 27.76% (Q1 2026), 21.19% (Q4 2025) and 23.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -29.46% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 12.72% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 1.34% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -498.45% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 18.55% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 11.85% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 0.39% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -179.60% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 7.64% |
| 10 | Hut 8 | 11.42 Bn | 11.26 Bn | 48.04 Mn | -200.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.55% |
| Mar 31, 2026 | 27.76% |
| Dec 31, 2025 | 21.19% |
| Sep 30, 2025 | 23.71% |
| Jun 30, 2025 | 25.79% |
| Mar 31, 2025 | 24.19% |
| Dec 31, 2024 | 23.78% |
| Sep 30, 2024 | 26.86% |
| Jun 30, 2024 | 25.79% |
| Mar 31, 2024 | 24.57% |
| Dec 31, 2023 | 27.30% |
| Sep 30, 2023 | 27.96% |
| Jun 30, 2023 | 25.28% |
| Mar 31, 2023 | 23.84% |
| Dec 31, 2022 | 25.50% |
| Sep 30, 2022 | 27.87% |
| Jun 30, 2022 | 30.44% |
| Mar 31, 2022 | 27.62% |
| Dec 31, 2021 | 28.05% |
| Sep 30, 2021 | 30.97% |
API Access
Corpay Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CPAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CPAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CPAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();