Corpay (CPAY) Operating Expenses (2010 - 2026)
Corpay (CPAY) posted Operating Expenses of $203.8 million for Q1 2026, down 7.56% on a QoQ basis from $220.5 million in Q4 2025, and up 29.84% year-over-year from $157.0 million in Q1 2025.
Corpay (CPAY) Operating Expenses (2010 - 2026) Analysis & Trends
Corpay's Operating Expenses history runs 17 years deep, the most recent figure standing at $203.8 million for 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 was $203.8 million for Q1 2026 at Corpay, down from $220.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $220.5 million in Q4 2025 and bottomed at $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 fell 3.5% — and 2025, when it jumped 39.38%.
- Corpay's Operating Expenses stood at $143.9 million in 2022, then decreased by 1.62% to $141.5 million in 2023, then climbed by 11.75% to $158.2 million in 2024, then jumped by 39.38% to $220.5 million in 2025, then slipped by 7.56% to $203.8 million in 2026.
- Business Quant data shows CPAY's Operating Expenses at $203.8 million in Q1 2026, $220.5 million in Q4 2025, and $178.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Corpay | 26.01 Bn | 19.73 Bn | 1.11 Bn | 203.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 115.01 Mn |