CPAYCORPAY, INC.
Services-Business Services, NEC
- Revenue
- $4.5B
- 14% YoY
- Operating margin
- 44.0%
- 2.1% YoY
- EBITDA
- $2.4B
- 12% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.1×
- $7.5B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear140% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear52% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear25% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $3.4B | $3.8B | $4.0B | $4.5B | 14% |
| Operating income | $1.2B | $1.4B | $1.7B | $1.8B | $2.0B | 12% |
| Net income | $839M | $954M | $982M | $1.0B | $1.1B | 6.6% |
| Operating cash flow | $1.2B | $755M | $2.1B | $1.9B | $1.5B | 23% |
| Capex | $112M | $151M | $154M | $175M | $201M | 15% |
| Stock-based comp | $80M | $121M | $116M | $117M | $103M | 12% |
| Buybacks | $1.4B | $1.4B | $687M | $1.3B | $783M | 39% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $3M | 110 | 132 |
| FY2024 | $28M | $48M | 124 | 132 |
| FY2023 | $3M | $21M | 104 | 120 |
| FY2022 | $4M | −$24M | 67 | 79 |
| FY2021 | $58M | $31M | 82 | 95 |