Filing Flows › Corpay (CPAY) › Q2 2025
Corpay (CPAY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Corpay (CPAY) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +10% from the quarter before. Operating margin was 43.5%, net earnings $284M (25.8% of revenue).
Corpay, Q2 2025: revenue $1.1B (+13% year over year), operating margin 43.5%, net earnings $284M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +10% | +13% |
| Operating profit | $479M | +12% | +11% |
| Net earnings | $284M | +16% | +13% |
| Operating cash flow | $1.1B | — | +111% |
| Free cash flow | $1.1B | — | +119% |
What changed
Revenue was $1.1B in Q2 2025, up 13% year over year and up 10% from the previous quarter.
Operating profit was $0.48B, a 43.5% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, below the 44% margin then. Total costs grew 15% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+22%). Net earnings were $0.28B, up 13% year over year. The effective tax rate was 27.7%.
Operating cash flow was $1.1B (up 111% year over year), 401% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.74B. Capital expenditures of $0.05B left free cash flow of $1.1B.
Questions
What was Corpay's revenue in the second quarter 2025?
Corpay (CPAY) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +10% from the quarter before.
Was Corpay profitable in the second quarter 2025?
Operating profit was $479M (43.5% of revenue) and net earnings $284M.
Source: Corpay 10-Q on SEC EDGAR.