Corpay

Corpay (CPAY) Q4 2025 Earnings

Reported Feb 4, 2026 at 4:17 PM ET · SEC Source

Q4 25 EPS

$6.04

BEAT +1.67%

Est. $5.94

Q4 25 Revenue

$1.25B

BEAT +1.12%

Est. $1.23B

vs S&P Since Q4 25

-1.8%

TRAILING MARKET

CPAY +9.7% vs S&P +11.4%

Full Year 2025 Results

FY 25 EPS

$21.38

BEAT +0.47%

Est. $21.28

FY 25 Revenue

$4.53B

BEAT +0.25%

Est. $4.52B

Market Reaction

Did CPAY Beat Earnings? Q4 2025 Results

Corpay closed out fiscal 2025 on a high note, posting Q4 revenue of $1.25 billion, up 20.7% year over year, while adjusted EPS of $6.04 edged past the $5.94 consensus estimate by 1.68%, underscoring the company's consistent execution across its payme… Read more Corpay closed out fiscal 2025 on a high note, posting Q4 revenue of $1.25 billion, up 20.7% year over year, while adjusted EPS of $6.04 edged past the $5.94 consensus estimate by 1.68%, underscoring the company's consistent execution across its payments portfolio. The standout driver was Corporate Payments, where reported revenue surged 39% and spend volume climbed 67% to $81.43 billion, even as lower interest rates shaved roughly 200 basis points from float revenue. The quarter also captured early contributions from the Alpha Group acquisition, the second-largest deal in Corpay's history, which closed in Q4 and positions the company for deeper penetration in cross-border corporate payments flows. Management deployed over $4.30 billion in capital for the full year, including $500 million in share repurchases in Q4 alone. Looking ahead, Corpay guided FY2026 revenue of $5.22 billion to $5.32 billion and adjusted EPS of $25.50 to $26.50, implying roughly 16% revenue growth and 22% adjusted EPS growth at the respective midpoints.

Key Takeaways

  • 11% organic revenue growth for third consecutive quarter
  • Corporate Payments segment delivered 16% organic revenue growth despite 200bps float revenue headwind from lower interest rates
  • Corporate Payments spend volume grew 67% to $81.4 billion
  • Vehicle Payments transactions grew 7% year-over-year
  • Revenue per room night in Lodging increased 25% to $14.18
  • Alpha Group acquisition contributed to Corporate Payments segment growth
  • Adjusted EBITDA margin expanded to 57.1% in Q4
24/7 Wall St

CPAY YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

CPAY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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CPAY Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We had a strong finish to 2025, with fourth quarter revenue, organic revenue and adjusted net income per share finishing ahead of expectations. We were an active corporate development shop, closing the second largest acquisition in the Company's history, as well as two significant strategic investments. Our 2025 exit rate and accretive deals create a strong set-up for 2026, as we accelerate our rotation to more corporate payments.”

— Ron Clarke, Q4 2025 Earnings Press Release