Corpay (CPAY) Tax Rate (2010 - 2026)
Corpay (CPAY) reported Tax Rate of 29.96% for Q1 2026, up 442.0% on a YoY basis from 5.53% in Q1 2025, and down 10.55% quarter-over-quarter from 33.49% in Q4 2025.
Corpay (CPAY) Tax Rate (2010 - 2026) Analysis & Trends
Corpay has reported Tax Rate for 17 years, with the latest figure at 29.96% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 442.0% year-over-year to 29.96%; the trailing twelve-month figure through Mar 2026 stood at 31.26% (up 358.0% YoY), and the FY2025 full-year result was 30.47%, up 293.0% from the prior year.
- Tax Rate for Q1 2026 stood at 29.96%, down from 33.49% in the prior quarter.
- The five-year high for Tax Rate was 36.49% in Q4 2024, with the low at 22.89% in Q3 2024.
- Historically, Tax Rate has averaged 27.29% across 5 years, with a median of 26.6% in 2023.
- The largest YoY upside for Tax Rate was 1321 bps in 2024 against a maximum downside of 375 bps in 2024.
- Corpay's Tax Rate stood at 24.25% in 2022, then declined by 4 bps to 23.28% in 2023, then surged by 57 bps to 36.49% in 2024, then decreased by 8 bps to 33.49% in 2025, then decreased by 11 bps to 29.96% in 2026.
- The last three Tax Rate figures came in at 29.96% (Q1 2026), 33.49% (Q4 2025), and 33.99% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.22% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 23.68% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 15.74% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 1.37% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 21.31% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | -6.22% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 18.58% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 18.14% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -7.01% |
| 10 | Corpay | 24.14 Bn | 18.16 Bn | 1.11 Bn | 29.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.96% |
| Mar 31, 2026 | 29.96% |
| Dec 31, 2025 | 33.49% |
| Dec 31, 2025 | 33.49% |
| Sep 30, 2025 | 33.99% |
| Sep 30, 2025 | 33.99% |
| Jun 30, 2025 | 27.73% |
| Jun 30, 2025 | 27.73% |
| Mar 31, 2025 | 25.54% |
| Mar 31, 2025 | 25.54% |
| Dec 31, 2024 | 36.49% |
| Dec 31, 2024 | 36.49% |
| Sep 30, 2024 | 22.89% |
| Sep 30, 2024 | 22.89% |
| Jun 30, 2024 | 24.70% |
| Jun 30, 2024 | 24.70% |
| Mar 31, 2024 | 24.73% |
| Mar 31, 2024 | 24.73% |
| Dec 31, 2023 | 23.28% |
| Dec 31, 2023 | 23.28% |