Corpay Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Corpay Inc (CPAY). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Vehicle Payments | – | $1.69B 59.6% | $1.95B 56.9% · +15.4% | $2.01B 53.4% · +2.8% | $2.01B 50.5% · +0.2% | $2.14B 47.2% · +6.5% |
| Corporate Payments | – | $598.2M 21.1% | $769.6M 22.5% · +28.6% | $981.1M 26.1% · +27.5% | $1.22B 30.7% · +24.5% | $1.64B 36.1% · +33.8% |
| Lodging Payments | – | $309.6M 10.9% | $456.5M 13.3% · +47.4% | $520.2M 13.8% · +14.0% | $488.6M 12.3% · -6.1% | $469.5M 10.4% · -3.9% |
| Other | $211.1M 8.8% | $235.9M 8.3% · +11.7% | $251.0M 7.3% · +6.4% | $250.9M 6.7% · -0.1% | $255.3M 6.4% · +1.8% | $285.1M 6.3% · +11.7% |
| Fleet | $1.19B 49.9% | – | – | – | – | – |
| Corporate Payments | $434.0M 18.2% | – | – | – | – | – |
| Lodging | $207.0M 8.7% | – | – | – | – | – |
| Brazil | $344.2M 14.4% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Vehicle Payments | – | $811.8M 48.0% | $884.5M 45.4% | $943.4M 47.0% | $1.08B 53.6% | $1.07B 50.3% |
| Corporate Payments | – | $210.3M 35.2% | $273.6M 35.5% | $382.1M 38.9% | $498.4M 40.8% | $639.8M 39.1% |
| Lodging Payments | – | $149.0M 48.1% | $218.6M 47.9% | $254.3M 48.9% | $223.4M 45.7% | $194.7M 41.5% |
| Other | $62.3M 29.5% | $71.5M 30.3% | $69.9M 27.9% | $77.1M 30.7% | -$11.5M -4.5% | $84.9M 29.8% |
| Fleet | $594.7M 49.9% | – | – | – | – | – |
| Corporate Payments | $76.3M 17.6% | – | – | – | – | – |
| Lodging | $90.9M 43.9% | – | – | – | – | – |
| Brazil | $148.1M 43.0% | – | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States (country of domicile) | $1.47B 61.4% | $1.79B 63.0% · +21.6% | $2.02B 59.0% · +13.2% | $2.05B 54.4% · +1.2% | $2.08B 52.3% · +1.6% | $2.20B 48.7% · +6.1% |
| Other | $314.2M 13.2% | $358.6M 12.7% · +14.1% | $572.7M 16.7% · +59.7% | $707.9M 18.8% · +23.6% | $759.7M 19.1% · +7.3% | $968.2M 21.4% · +27.4% |
| Brazil | $344.2M 14.4% | $368.1M 13.0% · +6.9% | $442.9M 12.9% · +20.3% | $526.1M 14.0% · +18.8% | $594.3M 15.0% · +13.0% | $713.3M 15.8% · +20.0% |
| United Kingdom | $262.9M 11.0% | $321.8M 11.4% · +22.4% | $390.9M 11.4% · +21.5% | $478.5M 12.7% · +22.4% | $542.0M 13.6% · +13.3% | $642.3M 14.2% · +18.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Vehicle Payments | – | $1.69B 59.6% | $1.95B 56.9% · +15.4% | $2.01B 53.4% · +2.8% | $2.01B 50.5% · +0.2% | $2.14B 47.2% · +6.5% |
| Corporate Payments | $434.0M 18.2% | $598.2M 21.1% · +37.8% | $769.6M 22.5% · +28.7% | $981.1M 26.1% · +27.5% | $1.22B 30.7% · +24.5% | $1.64B 36.1% · +33.8% |
| Lodging Payments | – | $309.6M 10.9% | $456.5M 13.3% · +47.4% | $520.2M 13.8% · +14.0% | $488.6M 12.3% · -6.1% | $469.5M 10.4% · -3.9% |
| Other | $244.3M 10.2% | $235.9M 8.3% · -3.4% | $251.0M 7.3% · +6.4% | $250.9M 6.7% · +0.0% | $255.3M 6.4% · +1.8% | $285.1M 6.3% · +11.7% |
| Fuel | $1.06B 44.3% | – | – | – | – | – |
| Tolls | $292.0M 12.2% | – | – | – | – | – |
| Lodging | $207.0M 8.7% | – | – | – | – | – |
| Gift | $154.4M 6.5% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.