Corpay Q3 FY25: where the revenue came from and where it went
The whole income statement of Corpay for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Nov 10, 2025
Revenue$1.17B
+14% year over year
Gross profit$0.70B
60% margin
Operating profit$0.52B
45% margin
Net profit$0.28B
24% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.17 | 100% | +14% |
| Vehicle payments | 0.55 | 47% | +9% |
| Corporate payments | 0.41 | 35% | +27% |
| Lodging payments | 0.13 | 11% | −5% |
| Product & service other | 0.08 | 7% | +24% |
| Cost of revenue | −0.47 | 40% | |
| Gross profit | 0.70 | 60% margin | −1pp |
| G&A | −0.18 | 15% | +0pp |
| Operating profit | 0.52 | 45% margin | −1pp |
| Interest & other costs | −0.10 | ||
| Tax | −0.14 | ||
| Net profit | 0.28 | 24% margin | −3pp |
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