Corpay vs Global Payments
Global Payments reported revenue of $7.7 billion in fiscal 2025, 1.7 times Corpay's $4.5 billion in fiscal 2025. Corpay's revenue grew 13.9% in its latest year, and Global Payments' fell 0.4%. Corpay had an operating margin of 44.0%, against 22.8% at Global Payments. Free cash flow was $1.3 billion at Corpay and $2.0 billion at Global Payments.
Side by side
| Corpay | Global Payments | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $4.5B | $7.7B |
| Revenue growth | 13.9% | −0.4% |
| Revenue growth a year, last 5 years | 13.6% | 0.7% |
| Gross margin | — | 72.6% |
| Operating margin | 44.0% | 22.8% |
| Net margin | 23.6% | 18.2% |
| Free cash flow | $1.3B | $2.0B |
| Free cash flow margin | 28.7% | 26.5% |
| Return on capital | 11.5% | 3.8% |
| Net debt to EBITDA | 3.8x | 4.4x |
| Dividends and buybacks | $783M | $1.4B |
| Change in diluted share count | −1.1% | −5.0% |
| Last close | $399.72 | $81.86 |
| P/E at the last close | 24.3× | — |
| Insider trades, last 12 months | bought $2.5 million, sold $148.2 million | bought $1.3 million, sold $1.4 million |
| Piotroski F-score | 5 of 8 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CorpayGlobal Payments
Operating margin
Percent of revenue
CorpayGlobal Payments
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CorpayGlobal Payments
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Corpay and Global Payments pages.