Corpay vs Global Payments
Global Payments is the larger business, with $7.71bn of revenue in fiscal 2025 against $4.53bn for Corpay (1.7 times as much). Corpay grew faster (13.9% against -0.4%). Corpay kept more of each dollar of sales as profit: a net margin of 23.6% against 18.2%.
| Latest fiscal year | CorpayCPAY, 2025 | Global PaymentsGPN, 2025 |
|---|---|---|
| Revenue | $4.53bn | $7.71bn |
| Revenue growth | 13.9% | -0.4% |
| Net income | $1.07bn | $1.40bn |
| Operating margin | — | 22.8% |
| Net margin | 23.6% | 18.2% |
| Return on equity | 30.5% | 6.2% |
| Free cash flow | $1.30bn | $2.04bn |
| Cash | $2.41bn | $8.34bn |
| Total debt | $10.00bn | $21.90bn |
| Debt to equity | — | 95.7% |
| Dividend per share | — | $1.00 |
| Dividend yield | — | 0.9% |
| Share buybacks | $783m | $1.19bn |
| Employees | 11,200 | — |
| Market value | $26.76bn | $26.13bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 80 (Strong) | 61 (Moderate) |
| Insider trades, 12 months | 1 buys, 45 sales | 4 buys, 3 sales |