**Corpay, Inc. Reports Fiscal Year 2025 Results**
Corpay, Inc., a global corporate payments company trading on the NYSE under the ticker CPAY, reported its financial results for the fiscal year ended December 31, 2025. The company's total revenues, net, reached $4.53 billion, a 13.9% increase compared to $3.97 billion in 2024. Net income attributable to Corpay was $1.07 billion, or $15.03 per diluted share, compared to $1.00 billion, or $13.97 per diluted share, in the previous year. The company attributed the revenue growth to a 10% organic increase driven by higher spend and transaction volumes, as well as the positive impact of acquisitions, which contributed approximately 5% to revenue growth.
Significant changes in the company's financial performance compared to the previous fiscal year include notable shifts in segment contributions. Corporate Payments revenue increased by 33.8% to $1.64 billion, while Vehicle Payments revenue grew by 6.5% to $2.14 billion. Lodging Payments experienced a decrease of 3.9%, with revenues of $469.5 million. The "Other" segment, comprising Gift and Payroll Card businesses, saw an increase of 11.7% to $285.1 million. The company's operating income increased by 11.6% to $1.99 billion, reflecting the overall revenue growth and strategic cost management.
Strategic developments during the year included several key acquisitions and partnerships. Corpay acquired Gringo, a Brazil-based vehicle registration and compliance payment company, and Alpha Group International plc, a provider of B2B cross-border foreign exchange solutions. Additionally, the company expanded its partnership with Mastercard, with Mastercard acquiring a 2.3% interest in Corpay's cross-border business for $300 million. Corpay also invested $578 million for a 35% equity stake in a limited partnership with TPG to acquire AvidXchange. Concurrently, Corpay divested its BP private label fuel card portfolio.
Key operational developments and business indicators revealed mixed trends across Corpay's segments. Corporate Payments saw a 50% increase in spend volume, while revenue per spend dollar decreased slightly. Vehicle Payments experienced a 7% increase in total transactions, with revenue per transaction decreasing by 1%. Lodging Payments reported a 6% decrease in room nights, but revenue per room night increased by 3%. The company's employee headcount stood at approximately 11,800 as of December 31, 2025, with approximately 4,300 based in the U.S. Looking ahead, Corpay expects to continue its growth strategy through a combination of organic expansion, strategic acquisitions, and product innovation, while navigating evolving market conditions and regulatory landscapes.
About CORPAY, INC.
Corpay is a global payments company providing digital solutions for vehicle, corporate, lodging, toll, parking, and other business expenses. Its offerings include payment automation, virtual cards, cross-border transactions, and travel management, serving diverse industries worldwide. With proprietary networks, scalable technology, and recurring revenue models, Corpay delivers secure, efficient, and controlled payment services that enhance operational efficiency and reduce costs for business clients.
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