Corpay (CPAY) Operating Expenses (2010 - 2026)
Corpay's (CPAY) quarterly Operating Expenses came in at $203.8 million in Q1 2026, up 29.84% YoY from $157.0 million in Q1 2025, and down 7.56% on a QoQ basis from $220.5 million in Q4 2025.
Corpay (CPAY) Operating Expenses (2010 - 2026) Analysis & Trends
Corpay (CPAY) has 17 years of Operating Expenses data on file, last reported at $203.8 million in Q1 2026.
- Quarterly Operating Expenses rose 29.84% year-over-year to $203.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $779.9 million (up 25.27% YoY) and the FY2025 annual result came in at $733.0 million, up 18.83% from the prior year.
- Operating Expenses retreated to $203.8 million in Q1 2026, from $220.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $220.5 million in Q4 2025 to a low of $141.5 million in Q4 2023.
- A 5-year average of $161.3 million and a median of $153.8 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses slipped 3.5% — and 2025, when it jumped 39.38%.
- Tracing CPAY's Operating Expenses over 5 years: stood at $143.9 million in 2022, then fell by 1.62% to $141.5 million in 2023, then gained by 11.75% to $158.2 million in 2024, then surged by 39.38% to $220.5 million in 2025, then retreated by 7.56% to $203.8 million in 2026.
- The last three Operating Expenses figures came in at $203.8 million (Q1 2026), $220.5 million (Q4 2025), and $178.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Corpay | 26.70 Bn | 19.70 Bn | 1.19 Bn | 223.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 223.67 Mn |
| Mar 31, 2026 | 203.80 Mn |
| Dec 31, 2025 | 220.46 Mn |
| Sep 30, 2025 | 178.61 Mn |
| Jun 30, 2025 | 176.99 Mn |
| Mar 31, 2025 | 156.96 Mn |
| Dec 31, 2024 | 158.18 Mn |
| Sep 30, 2024 | 153.66 Mn |
| Jun 30, 2024 | 153.78 Mn |
| Mar 31, 2024 | 151.26 Mn |
| Dec 31, 2023 | 141.55 Mn |
| Sep 30, 2023 | 147.84 Mn |
| Jun 30, 2023 | 159.36 Mn |
| Mar 31, 2023 | 154.68 Mn |
| Dec 31, 2022 | 143.87 Mn |
| Sep 30, 2022 | 149.29 Mn |
| Jun 30, 2022 | 147.45 Mn |
| Mar 31, 2022 | 143.52 Mn |
| Dec 31, 2021 | 140.68 Mn |
| Sep 30, 2021 | 121.79 Mn |