Corpay (CPAY) Operating Margin (2010 - 2026)
Corpay's (CPAY) quarterly Operating Margin came in at 35.28% in Q2 2026, down 822.0% on a YoY basis from 4.89% in Q2 2025, and down 30.08% quarter-over-quarter from 50.45% in Q1 2026.
Analysis
Corpay (CPAY) Operating Margin (2010 - 2026) Analysis & Trends
Corpay (CPAY) has reported Operating Margin for 17 consecutive years, with 35.28% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 822.0% year-over-year to 35.28%; the trailing twelve-month figure through Jun 2026 stood at 43.74% (down 92.0% YoY), and the FY2025 full-year result was 44.04%, down 93.0% from the prior year.
- Operating Margin eased to 35.28% in Q2 2026 per CPAY's latest filing, from 50.45% in the prior quarter.
- Across five years, Operating Margin topped out at 50.45% in Q1 2026 and bottomed at 35.28% in Q2 2026.
- Historically, Operating Margin has averaged 43.67% across 5 years, with a median of 43.55% in 2022.
- The widest YoY moves for Operating Margin: up 798 bps in 2026, down 822 bps in 2026.
- Over 5 years, Operating Margin stood at 41.79% in 2022, then advanced by 8 bps to 45.24% in 2023, then grew by 4 bps to 47.21% in 2024, then fell by 4 bps to 45.22% in 2025, then dropped by 22 bps to 35.28% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 35.28%, 50.45%, and 45.22% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 48.08 Bn | 41.65 Bn | 3.17 Bn | 6.75% |
| 2 | PayPal Holdings | 46.69 Bn | 35.43 Bn | - | 16.44% |
| 3 | Fiserv | 26.99 Bn | 26.37 Bn | 3.59 Bn | 19.18% |
| 4 | Corpay | 26.78 Bn | 19.78 Bn | 1.19 Bn | 35.28% |
| 5 | Global Payments | 24.15 Bn | 18.74 Bn | 2.03 Bn | 10.15% |
| 6 | Wex | 6.49 Bn | 383.66 Mn | 463.80 Mn | 26.97% |
| 7 | Aci Worldwide | 5.27 Bn | 5.10 Bn | 181.57 Mn | 10.37% |
| 8 | Paymentus Holdings | 4.47 Bn | 4.09 Bn | 94.31 Mn | 9.04% |
| 9 | dLocal | 4.39 Bn | 3.51 Bn | 127.15 Mn | 16.05% |
| 10 | Sezzle | 4.01 Bn | 3.93 Bn | - | 36.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.28% |
| Mar 31, 2026 | 50.45% |
| Dec 31, 2025 | 45.22% |
| Sep 30, 2025 | 44.62% |
| Jun 30, 2025 | 43.50% |
| Mar 31, 2025 | 42.47% |
| Dec 31, 2024 | 47.21% |
| Sep 30, 2024 | 45.49% |
| Jun 30, 2024 | 44.41% |
| Mar 31, 2024 | 42.48% |
| Dec 31, 2023 | 45.24% |
| Sep 30, 2023 | 45.83% |
| Jun 30, 2023 | 43.52% |
| Mar 31, 2023 | 41.63% |
| Dec 31, 2022 | 41.79% |
| Sep 30, 2022 | 43.58% |
| Jun 30, 2022 | 43.01% |
| Mar 31, 2022 | 40.26% |
| Dec 31, 2021 | 42.42% |
| Sep 30, 2021 | 44.83% |