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
DateValue
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