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Corpay vs Shift4 Payments: CPAY and FOUR compared
Corpay is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $1.3B for Shift4 Payments (Q3 2026). Corpay is growing faster (+18% against +12% a year earlier). Corpay is more profitable, with an operating margin of 45.0% against 9.9%.
Where the money goes: CPAY and FOUR
Corpay (CPAY) · Q3 2026
Corpay, Q3 2026: revenue $1.4B (+18% year over year), operating margin 45.0%, net earnings $378M, operating cash flow −$697M. The chart follows the revenue to costs, profit and cash.
Shift4 Payments (FOUR) · Q3 2026
Shift4 Payments, Q3 2026: revenue $1.3B (+12% year over year), operating margin 9.9%, net earnings $38.0M, operating cash flow $221M. The chart follows the revenue to costs, profit and cash.
| Corpay (CPAY) | Shift4 Payments (FOUR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.4B | $1.3B |
| Revenue growth, Y/Y | +18% | +12% |
| Operating margin | 45.0% | 9.9% |
| Net earnings | $378M | $38.0M |
| Net margin | 27.4% | 2.9% |
| Operating cash flow | −$697M | $221M |
| Free cash flow | — | $216M |
| Market value | $30.2B | $3.3B |
| P/E | 24.1× | 25.5× |
| Analysts’ mean target | $467.67 | $50.50 |
Where the revenue comes from
Shift4 Payments
- Payments-based revenue: $1.1B (81%)
- TFS revenue: $139M (11%)
- Subscription and other revenue: $107M (8%)
Questions
Which is bigger, Corpay or Shift4 Payments?
Corpay is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $1.3B for Shift4 Payments (Q3 2026).
Is Corpay or Shift4 Payments growing faster?
Corpay is growing faster (+18% against +12% a year earlier).
Which is more profitable, Corpay or Shift4 Payments?
Corpay is more profitable, with an operating margin of 45.0% against 9.9%.
More: Corpay earnings · how Corpay makes money · Shift4 Payments earnings · how Shift4 Payments makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.