CORPAY, INC.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
CPAY$459.64+0.4%Stored close · as of Nov 10, 2026
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Unaudited Consolidated Statements of Cash Flows for the and
Unaudited Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $987,782 | $806,332 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 109,203 | 90,944 |
| Stock-based compensation | 92,928 | 74,826 |
| Provision for credit losses on accounts and other receivables | 141,644 | 89,841 |
| Provision for legal settlement | 100,000 | — |
| Amortization of deferred financing costs and discounts | 9,985 | 15,205 |
| Amortization of intangible assets and premium on receivables | 239,594 | 185,757 |
| Loss on extinguishment of debt | 6,557 | 1,596 |
| Deferred income taxes | (95,898) | (38,503) |
| (Gain) loss on disposition of business | (125,534) | 11,171 |
| Other non-cash operating expense (income), net | 39,077 | (8,022) |
| Changes in operating assets and liabilities (net of acquisitions/disposition): | ||
| Accounts and other receivables | (1,396,925) | (933,208) |
| Prepaid expenses and other current assets | (181,128) | (53,877) |
| Derivative assets and liabilities, net | (68,836) | (57,495) |
| Other assets | (73,032) | 11,712 |
| Accounts payable, accrued expenses and customer deposits | 930,866 | 490,884 |
| Net cash provided by operating activities | 716,283 | 687,163 |
| Investing activities | ||
| Acquisitions, net of cash acquired | (46,741) | (154,648) |
| Purchases of property and equipment | (143,382) | (148,315) |
| Proceeds from disposal of a business, net of cash disposed | 424,724 | — |
| Proceeds from sale of cost method investment | 425 | 14,843 |
| Other | 12,257 | 5,198 |
| Net cash provided by (used in) investing activities | 247,283 | (282,922) |
| Financing activities | ||
| Proceeds from issuance of common stock | 189,020 | 63,018 |
| Repurchase of common stock | (1,819,060) | (282,583) |
| Borrowings on securitization facility, net | 477,000 | 432,000 |
| Deferred financing costs | (29,905) | (10,827) |
| Proceeds from notes payable | 5,350,400 | 750,000 |
| Principal payments on notes payable | (6,017,312) | (147,855) |
| Borrowings from revolver | 11,957,000 | 6,435,000 |
| Payments on revolver | (10,527,000) | (7,341,000) |
| Borrowings on subsidiary swingline, net | 906 | 692 |
| Other | 2,451 | (730) |
| Net cash used in financing activities | (416,500) | (102,285) |
| Effect of foreign currency exchange rates on cash | (121,543) | 156,092 |
| Net increase in cash and cash equivalents and restricted cash | 425,523 | 458,048 |
| Net decrease in cash classified within current assets held for sale | (4,573) | — |
| Cash and cash equivalents and restricted cash, beginning of period | 8,991,940 | 4,456,345 |
| Cash and cash equivalents and restricted cash, end of period | $9,412,890 | $4,914,393 |
| Supplemental cash flow information | ||
| Cash paid for interest | $419,966 | $357,377 |
| Cash paid for income taxes | $502,857 | $381,403 |
See accompanying notes to unaudited consolidated financial statements.
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