Corpay, Inc. CPAY

Revenue Intelligence Report • 57 quarters of SEC filing data • Updated 2026-03-15

Corpay, Inc. has a forecasted full-year revenue of $5.0B, a +9.8% year-over-year change, based on 57 quarters of SEC filing data. Key revenue drivers include SG&A ($3.70 per $1). The ARDL model achieves strong accuracy at 3.0% MAPE.

Investment Thesis

Our ARDL model tracks Corpay, Inc.'s revenue with exceptional precision (3.0% MAPE), indicating highly predictable cash flows. Each $1 of SG&A spending generates $3.70 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$4.97B
+9.8% YoY
SG&A Multiplier
$3.70 per $1
Model Accuracy
3.0% MAPE
Holdout validation: The model predicted $1.2B vs the actual $1.2B — an error of 6.3%.
Note: Corpay, Inc. does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

CPAY Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $1.2B $1.2B $1.1B – $1.2B +13.1% ✗ Outside range
Q2 2026 $1.2B $1.1B – $1.2B +17.0%
Q3 2026 $1.2B $1.1B – $1.3B +10.8%
Q4 2026 $1.3B $1.2B – $1.4B +8.6%
Q1 2027 $1.3B $1.2B – $1.4B +4.1%

How Spending Drives Revenue

CPAY Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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