Corpay (CPAY) Operating Expenses (2010 - 2026)
Corpay (CPAY) reported Operating Expenses of $239.2 million for Q1 2026, up 29.04% on a YoY basis from $185.4 million in Q1 2025, and down 8.26% quarter-over-quarter from $260.7 million in Q4 2025.
Corpay (CPAY) Operating Expenses (2010 - 2026) Analysis & Trends
Corpay has reported Operating Expenses for 17 years, with the latest figure at $239.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 29.04% year-over-year to $239.2 million; the trailing twelve-month figure through Mar 2026 stood at $880.6 million (up 27.3% YoY), and the FY2025 full-year result was $864.2 million, up 17.27% from the prior year.
- Operating Expenses for Q1 2026 stood at $239.2 million, down from $260.7 million in the prior quarter.
- The five-year high for Operating Expenses was $260.7 million in Q4 2025, with the low at $155.9 million in Q3 2024.
- Historically, Operating Expenses has averaged $184.8 million across 5 years, with a median of $180.2 million in 2024.
- Annual changes were most pronounced in 2024 — Operating Expenses slipped 13.9% — and 2025, when it surged 37.67%.
- Corpay's Operating Expenses stood at $168.8 million in 2022, then gained by 0.4% to $169.5 million in 2023, then grew by 11.73% to $189.4 million in 2024, then surged by 37.67% to $260.7 million in 2025, then declined by 8.26% to $239.2 million in 2026.
- The last three Operating Expenses figures came in at $239.2 million (Q1 2026), $260.7 million (Q4 2025), and $186.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Corpay | 24.14 Bn | 18.16 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 |