Corpay (CPAY) Operating Margin (2010 - 2026)
Corpay's (CPAY) quarterly Operating Margin came in at 50.45% in Q1 2026, up 798.0% YoY from 5.62% in Q1 2025, and up 11.56% on a QoQ basis from 45.22% in Q4 2025.
Corpay (CPAY) Operating Margin (2010 - 2026) Analysis & Trends
Corpay (CPAY) has 17 years of Operating Margin data on file, last reported at 50.45% in Q1 2026.
- Quarterly Operating Margin rose 798.0% year-over-year to 50.45% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 46.06% (up 114.0% YoY) and the FY2025 annual result came in at 44.04%, down 93.0% from the prior year.
- Operating Margin advanced to 50.45% in Q1 2026, from 45.22% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 64.83% in Q1 2022 to a low of 3.78% in Q4 2022.
- A 5-year average of 40.18% and a median of 44.41% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 3864 bps — and 2023, when it surged 3325 bps.
- Tracing CPAY's Operating Margin over 5 years: stood at 3.78% in 2022, then surged by 408 bps to 19.19% in 2023, then jumped by 146 bps to 47.21% in 2024, then dropped by 4 bps to 45.22% in 2025, then climbed by 12 bps to 50.45% in 2026.
- The last three Operating Margin figures came in at 50.45% (Q1 2026), 45.22% (Q4 2025), and 44.62% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 45.11% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 47.12% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 31.97% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 6.75% |
| 10 | Corpay | 26.70 Bn | 19.70 Bn | 1.19 Bn | 35.28% |
Historic Data
Download 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 | 19.19% |
| Sep 30, 2023 | 45.83% |
| Jun 30, 2023 | 43.52% |
| Mar 31, 2023 | 41.63% |
| Dec 31, 2022 | 3.78% |
| Sep 30, 2022 | 12.58% |
| Jun 30, 2022 | 45.77% |
| Mar 31, 2022 | 64.83% |
| Dec 31, 2021 | 42.42% |
| Sep 30, 2021 | 44.83% |