Corpay (CPAY) Operating Margin (2010 - 2026)
Corpay (CPAY) posted Operating Margin of 50.45% for Q1 2026, up 11.56% on a QoQ basis from 45.22% in Q4 2025, and up 798.0% year-over-year from 5.62% in Q1 2025.
Corpay (CPAY) Operating Margin (2010 - 2026) Analysis & Trends
Corpay's Operating Margin history runs 17 years deep, the most recent figure standing at 50.45% for 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 was 50.45% for Q1 2026 at Corpay, up from 45.22% in the prior quarter.
- Across five years, Operating Margin topped out at 64.83% in Q1 2022 and bottomed at 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 slumped 3864 bps — and 2023, when it surged 3325 bps.
- Corpay's Operating Margin stood at 3.78% in 2022, then jumped by 408 bps to 19.19% in 2023, then soared by 146 bps to 47.21% in 2024, then fell by 4 bps to 45.22% in 2025, then increased by 12 bps to 50.45% in 2026.
- Business Quant data shows CPAY's Operating Margin at 50.45% in Q1 2026, 45.22% in Q4 2025, and 44.62% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,915.52 Bn | 2,791.08 Bn | 56.06 Bn | 46.33% |
| 2 | PagSeguro Digital | 2,700.66 Bn | 2,700.66 Bn | 358.92 Mn | 75.95% |
| 3 | Oracle | 338.04 Bn | 306.14 Bn | - | 31.97% |
| 4 | Repay Holdings | 336.93 Bn | 336.78 Bn | - | - |
| 5 | Palantir Technologies | 296.21 Bn | 288.18 Bn | 1.42 Bn | 46.18% |
| 6 | Palo Alto Networks | 221.88 Bn | 217.34 Bn | 1.91 Bn | 15.30% |
| 7 | CrowdStrike Holdings | 180.13 Bn | 177.03 Bn | 993.68 Mn | 1.06% |
| 8 | Fortinet | 108.22 Bn | 104.92 Bn | 1.49 Bn | 31.36% |
| 9 | Cloudflare | 93.59 Bn | 92.65 Bn | 455.60 Mn | -9.69% |
| 10 | Corpay | 26.38 Bn | 20.10 Bn | 1.11 Bn | 50.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 44.59% |