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Corpay Valuation Multiples
Discover revenue and EBITDA valuation multiples for Corpay and similar public comparables like Workday, Sage, Xero, Clearwater Analytics and more.
Corpay Overview
About Corpay
Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. Its suite of modern payment solutions helps customers manage vehicle-related expenses, lodging expenses, and corporate payments. Its reportable segments are; Vehicle Payments, Corporate Payments, Lodging Payments, and Other. The group's geographic areas are the United States, Brazil, the United Kingdom, and Other.
Founded
1998
HQ

Employees
11.2K
Website
Financials (LTM)
EV
$30B
Corpay Financials
Corpay reported last 12-month revenue of $5B and EBITDA of $2B.
In the same LTM period, Corpay generated $2B in EBITDA and $1B in net income.
Revenue (LTM)
Corpay P&L
In the most recent fiscal year, Corpay reported revenue of $5B and EBITDA of $2B.
Corpay expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 79% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 53% | XXX | 52% | XXX | XXX | XXX |
| EBIT Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Corpay Stock Performance
Corpay has current market cap of $22B, and enterprise value of $30B.
Market Cap Evolution
Corpay's stock price is $334.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $30B | $22B | 0.8% | XXX | XXX | XXX | $16.18 |
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Start Free TrialCorpay Valuation Multiples
Corpay trades at 6.3x EV/Revenue multiple, and 12.0x EV/EBITDA.
EV / Revenue (LTM)
Corpay Financial Valuation Multiples
As of April 18, 2026, Corpay has market cap of $22B and EV of $30B.
Equity research analysts estimate Corpay's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Corpay has a P/E ratio of 18.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $22B | XXX | $22B | XXX | XXX | XXX |
| EV (current) | $30B | XXX | $30B | XXX | XXX | XXX |
| EV/Revenue | 6.3x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBITDA | 12.0x | XXX | 12.5x | XXX | XXX | XXX |
| EV/EBIT | 14.2x | XXX | 14.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.4x | XXX | XXX | XXX |
| P/E | 18.9x | XXX | 20.7x | XXX | XXX | XXX |
| EV/FCF | 20.6x | XXX | 22.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Corpay Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Corpay Margins & Growth Rates
Corpay's revenue in the last 12 month grew by 15%.
Corpay's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Corpay's rule of 40 is 69% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Corpay's rule of X is 93% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Corpay Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Margin | 53% | XXX | 52% | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 69% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 93% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 11% | XXX | 11% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 16% | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Corpay Public Comps
See public comps and valuation multiples for other Financial Management Software and B2B Payments comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Corpay | XXX | XXX | XXX | XXX | XXX | XXX |
| Workday | XXX | XXX | XXX | XXX | XXX | XXX |
| Sage | XXX | XXX | XXX | XXX | XXX | XXX |
| Xero | XXX | XXX | XXX | XXX | XXX | XXX |
| Clearwater Analytics | XXX | XXX | XXX | XXX | XXX | XXX |
| ServiceTitan | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Corpay M&A Activity
Corpay acquired XXX companies to date.
Last acquisition by Corpay was on XXXXXXXX, XXXXX. Corpay acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Corpay
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialCorpay Investment Activity
Corpay invested in XXX companies to date.
Corpay made its latest investment on XXXXXXXX, XXXXX. Corpay invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Corpay
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Corpay
| When was Corpay founded? | Corpay was founded in 1998. |
| Where is Corpay headquartered? | Corpay is headquartered in United States. |
| How many employees does Corpay have? | As of today, Corpay has over 11K employees. |
| Who is the CEO of Corpay? | Corpay's CEO is Ronald F. Clarke. |
| Is Corpay publicly listed? | Yes, Corpay is a public company listed on NYSE. |
| What is the stock symbol of Corpay? | Corpay trades under CPAY ticker. |
| When did Corpay go public? | Corpay went public in 2010. |
| Who are competitors of Corpay? | Corpay main competitors are Workday, Sage, Xero, Clearwater Analytics. |
| What is the current market cap of Corpay? | Corpay's current market cap is $22B. |
| What is the current revenue of Corpay? | Corpay's last 12 months revenue is $5B. |
| What is the current revenue growth of Corpay? | Corpay revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Corpay? | Current revenue multiple of Corpay is 6.3x. |
| Is Corpay profitable? | Yes, Corpay is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Corpay? | Corpay's last 12 months EBITDA is $2B. |
| What is Corpay's EBITDA margin? | Corpay's last 12 months EBITDA margin is 53%. |
| What is the current EV/EBITDA multiple of Corpay? | Current EBITDA multiple of Corpay is 12.0x. |
| What is the current FCF of Corpay? | Corpay's last 12 months FCF is $1B. |
| What is Corpay's FCF margin? | Corpay's last 12 months FCF margin is 31%. |
| What is the current EV/FCF multiple of Corpay? | Current FCF multiple of Corpay is 20.6x. |
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