Corpay (CPAY) Operating Margin (2010 - 2026)

Corpay has reported Operating Margin for 17 years, with the latest figure at 50.45% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 798.0% year-over-year to 50.45%; the trailing twelve-month figure through Mar 2026 stood at 46.06% (up 114.0% YoY), and the FY2025 full-year result was 44.04%, down 93.0% from the prior year.
• Operating Margin for Q1 2026 stood at 50.45%, up from 45.22% in the prior quarter.
• The five-year high for Operating Margin was 637.36% in Q4 2023, with the low at 2.1% in Q3 2022.
• Historically, Operating Margin has averaged 72.16% across 5 years, with a median of 43.52% in 2023.
• Annual changes were most pronounced in 2023 — Operating Margin surged 60395 bps — and 2024, when it plunged 59016 bps.
• Corpay's Operating Margin stood at 33.41% in 2022, then surged by 1808 bps to 637.36% in 2023, then plunged by 93 bps to 47.21% in 2024, then decreased by 4 bps to 45.22% in 2025, then increased 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.