Corpay (CPAY) Operating Margin (2010 - 2026)
Corpay's Operating Margin was 35.28% in Q2 2026, down 8.22 percentage points from 43.50% a year earlier and down 15.17 percentage points from the prior quarter.
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Analysis
Corpay (CPAY) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Corpay's Operating Margin was 43.74% through Jun 30, 2026, down 0.92 percentage points year-over-year; for FY2025, it came in at 44.04%, down 0.93 percentage points from FY2024.
- Operating Margin shows a five-year change of +3.34 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 44.96% in FY2024 (+0.87 pp), 44.09% in FY2023 (+1.88 pp), 42.21% in FY2022 (-1.64 pp) and 43.85% in FY2021 (+3.15 pp).
- The Q2 2026 figure marks the lowest quarterly Operating Margin since Q1 2020.
- Compared with a year earlier, Operating Margin was higher in two of the last eight quarters, with an average year-over-year change of -0.30 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q1 2026 (a gain of 7.98 percentage points); the worst was Q2 2026 (a drop of 8.22 percentage points).
- Per Business Quant data, CPAY's Operating Margin in the three quarters before Q2 2026 was 50.45% (Q1 2026), 45.22% (Q4 2025) and 44.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -9.30% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 16.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 6.75% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -452.09% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 35.28% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 19.18% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 10.15% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -25.50% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 15.16% |
| 10 | Hut 8 | 11.42 Bn | 11.26 Bn | 48.04 Mn | -275.36% |
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% |
API Access
Corpay Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CPAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CPAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CPAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();