Filing Flows › Corpay (CPAY) › Q3 2025
Corpay (CPAY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Corpay (CPAY) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +6% from the quarter before. Operating margin was 44.6%, net earnings $278M (23.7% of revenue).
Corpay, Q3 2025: revenue $1.2B (+14% year over year), operating margin 44.6%, net earnings $278M, operating cash flow −$379M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +6% | +14% |
| Operating profit | $523M | +9% | +12% |
| Net earnings | $278M | -2% | +0.8% |
| Operating cash flow | −$379M | -133% | — |
What changed
Revenue was $1.2B in Q3 2025, up 14% year over year and up 6% from the previous quarter.
Operating profit was $0.52B, a 44.6% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, below the 45% margin then. Total costs grew 16% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+25%). Net earnings were $0.28B, up 1% year over year. The effective tax rate was 34.0%.
Operating cash flow was −$0.38B. Non-cash charges added back $0.09B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.78B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.43B.
Questions
What was Corpay's revenue in the third quarter 2025?
Corpay (CPAY) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +6% from the quarter before.
Was Corpay profitable in the third quarter 2025?
Operating profit was $523M (44.6% of revenue) and net earnings $278M.
Source: Corpay 10-Q on SEC EDGAR.