Corpay, Inc.

CPAYNYSETechnology● Active

$351.81

+$4.36(+1.25%)

Market Cap$23.0B

P/E Ratio—

52W High$367.43

52W Low$252.84

Avg Volume588K

Open$344.73

Beta0.87

Overview

Corpay, Inc. (CPAY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CPAY · free cash flow · updated Jun 8, 2026

Core FCF metrics

CPAY · FCF · TTM · margin & CAGR

Free cash flow was $1.30B for FY2025 (fiscal year ending 2025-12-31), down 26.4% year-over-year The FCF margin was 28.7%. Five-year CAGR stands at -1.4%.

FY2025 Free Cash Flow$1.30B▼ -26.4% YoY

Trailing 12M (TTM)$1.31Btrailing 4 quarters sum

FCF Margin28.7%$1.30B ÷ revenue

3-Year CAGR+29.1%FY2022 → FY2025

5-Year CAGR-1.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CPAY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.50B(201M)$1.30B▼ 26.4%28.7%

FY2024$1.94B(175M)$1.77B▼ 9.3%44.4%

FY2023$2.10B(154M)$1.95B▲ +222.7%51.8%

FY2022$754.8M(151M)$603.4M▼ 44.4%17.6%

FY2021$1.20B(112M)$1.09B▼ 22.1%38.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CPAY · P/FCF · FCF yield · FCF per share

Corpay, Inc. (CPAY) trades at a FCF yield of 5.77% and a price-to-free-cash-flow ratio of 18.8x. FCF per share stands at $18.68, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.77%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$18.68

TTM FCF ÷ Shares Outstanding

Price / FCF

x18.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x18.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CPAY · cash flow statement · operating / investing / financing

For FY2025, Corpay, Inc. generated $1.50B in operating cash flow and spent 201M in capital expenditures, yielding $1.30B in free cash flow.

Operating Activities

+$1.50B

Cash from core business operations

2025-12-31

Investing Activities

+$1.23B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.56B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.50B) − |CapEx| (201M) = FCF ($1.30B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

CPAY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Corpay, Inc.YOU

CPAY

$1.30B-26.4%28.7%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Corpay, Inc. (CPAY) reported free cash flow of $1.30B for FY2025 (fiscal year ending 2025-12-31), down 26.4% year-over-year. The FCF margin was 28.7%.

Based on available data, Corpay, Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $1.95B in FY2023. The 5-year CAGR stands at -1.4%.

Corpay, Inc.'s FCF yield is 5.77% and price-to-FCF ratio is 18.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CPAY free cash flow · 8 questions

Corpay, Inc. free cash flow was $1.30B for FY2025, down 26.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.31B.

CPAY free cash flowCPAY FCFCPAY FCF 2025CPAY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Corpay, Inc. · Corpay, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026