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
DateValue
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