Corpay (CPAY) Operating Expenses (2010 - 2026)
Corpay (CPAY) posted Operating Expenses of $239.2 million for Q1 2026, down 8.26% quarter-over-quarter from $260.7 million in Q4 2025, and up 29.04% year-on-year from $185.4 million in Q1 2025.
Corpay (CPAY) Operating Expenses (2010 - 2026) Analysis & Trends
Corpay (CPAY) has reported Operating Expenses for 17 consecutive years, with $239.2 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $239.2 million, up 29.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $880.6 million (up 27.3% YoY), and the FY2025 annual result was $864.2 million, up 17.27% from the prior year.
- Operating Expenses was $239.2 million for Q1 2026 at Corpay, down from $260.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $260.7 million in Q4 2025 and troughed at $155.9 million in Q3 2024.
- Average Operating Expenses over 5 years is $184.8 million, with a median of $180.2 million recorded in 2024.
- Year-over-year, Operating Expenses declined 13.9% in 2024 and jumped 37.67% in 2025.
- Over 5 years, Operating Expenses stood at $168.8 million in 2022, then grew by 0.4% to $169.5 million in 2023, then gained by 11.73% to $189.4 million in 2024, then surged by 37.67% to $260.7 million in 2025, then decreased by 8.26% to $239.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $239.2 million in Q1 2026, $260.7 million in Q4 2025, and $186.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | Corpay | 23.03 Bn | 17.06 Bn | 1.11 Bn | 239.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 239.18 Mn |
| Dec 31, 2025 | 260.72 Mn |
| Sep 30, 2025 | 186.49 Mn |
| Jun 30, 2025 | 194.21 Mn |
| Mar 31, 2025 | 185.36 Mn |
| Dec 31, 2024 | 189.38 Mn |
| Sep 30, 2024 | 155.89 Mn |
| Jun 30, 2024 | 161.11 Mn |
| Mar 31, 2024 | 180.19 Mn |
| Dec 31, 2023 | 169.50 Mn |
| Sep 30, 2023 | 176.13 Mn |
| Jun 30, 2023 | 187.12 Mn |
| Mar 31, 2023 | 180.66 Mn |
| Dec 31, 2022 | 168.82 Mn |
| Sep 30, 2022 | 172.58 Mn |
| Jun 30, 2022 | 170.09 Mn |
| Mar 31, 2022 | 164.66 Mn |
| Dec 31, 2021 | 160.64 Mn |
| Sep 30, 2021 | 141.30 Mn |
| Jun 30, 2021 | 133.48 Mn |