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
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