Corpay, Inc. logo CPAY - Corpay, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $377.88 DETAILS
HIGH: $406.00
LOW: $340.00
MEDIAN: $382.50
CONSENSUS: $377.88
UPSIDE: 8.62%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Revenue
Revenue 1,261.0 1,248.2 1,172.5 1,102.0 1,005.7 1,034.4 1,029.2 975.7 935.3 937.3 970.9 948.2 901.3 883.6 893 861.3 789.2 802.3 755.5 667.4 608.6 617.3 585.3 525.1 661.1 698.9 681.0 647.1 621.8 643.4 619.6 585.0 585.5 610.0 577.9 541.2 520.4 515.0 484.4 417.9 414.3 430.6 451.5 404.6 416.2 376.7 295.3 273.5 253.9 255.5 225.2 220.9 193.7
Cost of Revenue 344.5 376.7 341.9 238.5 221.8 228.8 223.7 209.2 207.4 201.5 208.2 205.3 205.0 201.6 203.3 185.6 174.2 171.5 149.6 122.3 116.4 121.5 119.9 121.3 233.7 146.1 135.0 120.5 129.1 131.6 128.4 111.2 116.5 113.2 111.3 103.3 101.8 98.7 96.2 80.7 79.8 84.2 91.0 74.6 81.4 56.2 41.5 38.8 36.9 38.6 33.5 32.0 29.9
Gross Profit 916.5 871.6 830.6 863.5 783.8 805.7 805.5 766.5 727.8 735.9 762.7 742.9 696.4 682 689.7 675.7 615.0 630.7 605.9 545.1 492.2 495.8 465.4 403.9 427.4 552.8 546.0 526.6 492.7 511.8 491.2 473.8 469.0 496.8 466.6 437.9 418.6 416.3 388.2 337.2 334.4 346.4 360.5 330.0 334.8 320.5 253.8 234.7 217.1 216.9 191.7 188.9 163.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 352.0 358.5 296.2 292.8 264.5 255.7 247.8 248.8 245.4 227.7 233.8 245.8 236.3 222.7 223.3 226.8 220.4 216.3 193.0 178.2 160.4 138.7 137.6 129.1 162.0 161.5 149.8 158.6 142.0 151.0 142.9 140.4 137.5 160.5 137.1 126.5 134.3 113.3 112.1 95.5 94.1 126.5 93.5 90.7 96.1 106.3 58.9 55.4 60.9 56.9 45.4 44.3 41.0
Other Expenses 21.4 2.0 11.2 91.4 92.2 61.6 89.6 84.4 85.1 84.1 83.9 84.5 84.9 90.0 77.2 78.4 76.9 74.1 74.2 69.2 65.8 63.2 63.3 61.9 64.4 70.5 67.1 70.7 66.5 76.0 67.2 68.6 71.4 65.8 69.2 64.7 64.9 61.4 56.8 48.2 36.1 43.8 46.8 48.5 47.7 8.3 25.7 24.4 24.4 24.2 18.1 15.9 14.6
Operating Expenses 373.4 360.5 307.4 384.1 356.7 317.3 337.4 333.2 330.5 311.8 317.7 330.3 321.2 312.7 300.5 305.2 297.3 290.4 267.2 247.5 226.2 201.9 200.9 191.0 226.4 232.0 216.9 229.3 208.5 227.1 210.1 209.0 208.9 256.8 234.0 221.9 223.5 200.3 197.1 166.0 158.5 200.3 172.1 160.9 171.0 147.9 109.6 100.2 102.9 110.8 80.4 79.8 69.5
Operating Income
Operating Income 543.1 511.0 523.1 479.4 427.1 488.3 468.1 433.3 397.3 424.1 445.0 412.6 375.2 369.3 389.2 370.5 317.7 340.3 338.7 297.6 266.0 293.9 264.5 212.8 201.0 320.8 329.1 297.3 284.2 284.7 281.1 264.8 260.1 240.0 232.6 216.0 195.1 216.0 191.1 171.2 176.0 146.1 188.5 169.2 163.8 172.6 144.2 134.5 114.1 106.0 111.3 109.1 94.3
Interest Expense 110.1 113.0 100.0 96.9 93.9 94.8 104.4 94.7 89.1 92.0 88.3 88.5 79.8 74.2 45.4 23.1 22.0 21.4 29.0 34.7 28.6 30.3 31.4 32.4 35.7 35.0 36.5 39.5 39.1 38.2 36.1 33.1 31.1 30.8 29.3 23.9 23.1 22.0 17.8 15.9 16.2 16.5 17.2 18.1 19.6 13.2 4.9 5.3 5.5 5.5 3.8 3.8 3.4
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 657.8 629.0 614.9 581.3 513.6 574.6 552.3 513.2 479.1 509.5 543.1 498.7 458.9 461.4 462.5 445.2 393.5 398.9 411.4 366.4 330.0 358.2 330.3 306.2 272.5 402.0 396.6 367.7 335.7 502.5 340.9 332.9 331.9 305.0 426.0 278.9 255.4 236.9 245.1 226.7 209.4 150.2 231.0 212.2 207.3 191.3 167.1 157.7 138.0 129.7 129.5 125.0 108.6
EBIT 543.1 512.4 521.7 490.0 421.4 482.2 462.7 428.9 394.4 425.5 458.4 415.1 374.6 371.6 385.3 366.7 316.7 323.9 337.2 297.2 264.2 293.5 266.8 244.0 208.0 333.5 329.3 296.8 268.3 435.3 273.6 264.3 260.4 239.2 356.8 214.2 190.5 175.4 188.0 178.2 173.1 102.2 182.5 163.4 159.2 153.5 141.4 133.3 113.6 105.6 111.4 109.1 94.0
Income Before Tax 505.0 399.4 421.7 393.1 327.5 387.3 358.3 334.2 305.3 333.5 370.1 326.6 294.8 297.4 339.9 343.7 294.7 302.5 308.1 262.5 235.7 263.2 235.4 211.6 172.3 298.6 292.8 257.3 229.2 397.1 237.6 231.2 229.3 208.3 327.5 190.4 167.4 153.5 170.2 162.3 156.9 85.7 165.4 145.3 139.6 140.3 136.6 128.0 108.1 100.1 107.7 105.3 90.5
Income Tax Expense 151.3 133.8 143.3 109.0 83.6 141.3 82.0 82.5 75.5 77.6 98.6 86.9 80.0 72.1 91.0 81.5 76.7 77.5 74.1 66.3 51.4 53.3 46.6 53.1 25.2 63.1 67.0 (4.4) 57.1 95.1 79.9 54.3 54.4 (74.4) 124.7 59.4 43.7 58.0 40.6 46.1 45.8 32.9 48.6 46.6 45.5 30.8 41.0 39.4 33.0 32.0 29.0 32.2 25.9
Net Income 350.1 264.5 277.9 284.2 243.2 246.0 276.4 251.6 229.8 255.9 271.5 239.7 214.8 225.3 248.9 262.2 218.0 225.0 234.0 196.2 184.2 209.9 188.8 158.5 147.1 235.5 225.8 261.7 172.1 302 157.7 176.9 174.9 282.7 202.8 131.0 123.7 95.4 129.6 116.3 111.1 52.8 116.8 98.7 94.2 109.5 95.5 88.5 75.1 68.1 78.6 73.1 64.7
Per Share Data
EPS (Basic) 5.14 3.81 3.95 4.03 3.46 3.52 3.98 3.59 3.20 3.55 3.71 3.24 2.92 3.07 3.34 3.42 2.80 2.80 2.86 2.36 2.15 2.45 2.19 1.83 1.67 2.61 2.49 2.90 1.93 3.33 1.71 1.91 1.88 3.05 2.18 1.39 1.31 1.00 1.36 1.22 1.17 0.56 1.24 1.05 1.00 1.22 1.11 1.03 0.88 0.80 0.93 0.87 0.77
EPS (Diluted) 5.07 3.75 3.91 3.98 3.40 3.44 3.90 3.52 3.12 3.48 3.64 3.20 2.88 3.03 3.29 3.35 2.75 2.74 2.80 2.30 2.15 2.44 2.19 1.83 1.67 2.60 2.49 2.90 1.93 3.33 1.71 1.91 1.88 3.05 2.18 1.39 1.31 1.00 1.36 1.22 1.17 0.56 1.24 1.05 1.00 1.21 1.11 1.03 0.88 0.80 0.93 0.87 0.77
Shares Outstanding 67.5 69.4 70.3 70.5 70.3 69.9 69.5 70.1 71.8 72.1 73.2 73.9 73.5 73.5 74.5 76.8 77.7 80.2 81.8 83.1 85.7 85.8 86.2 86.6 88.1 90.3 90.5 90.1 89.2 90.7 92.1 92.6 93.1 92.5 93.0 94.2 94.4 95.2 95.3 95.3 94.9 94.1 94.2 94.0 93.9 89.8 86.0 85.8 85.4 85.1 84.5 84.0 84.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Current Assets
Cash & Cash Equivalents 8,816.3 8,991.9 2,005.5 2,192.8 1,554.8 1,553.6 1,303.5 1,357.6 1,311.9 1,389.6 1,094.2 1,254.2 1,272.5 1,435.2 1,317.5 1,423.1 1,298.2 1,520.0 1,271 1,301.2 958.3 934.9 788.9 765.8 1,070.7 1,271.5 1,058.8 1,170.3 1,057.5 1,031.1 924.4 919.7 979.6 913.6 834.8 564.6 546.6 475.0 405.4 493.1 399.3
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 4,774.9 3,994.0 4,412.3 4,240.3 4,015.8 2,090.5 2,639.5 2,412.0 2,376.0 2,161.6 2,655.3 2,460.7 2,369.2 2,064.7 2,184.6 2,448.6 2,304.6 1,793.3 2,071.5 1,787.2 1,590.6 1,366.8 1,552.7 1,279.3 1,338.1 1,569.0 1,704.0 1,727.2 1,655.5 1,425.8 1,811.3 1,716.9 1,691.8 1,420.0 1,456.3 1,429.6 1,360.8 1,202.0 1,334.7 908.4 880.8
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 1,045.9 966.1 3,690.4 4,326.1 3,506.9 5,031.7 4,838.0 4,206.1 3,749.4 3,533.0 3,110.7 3,208.7 2,717.3 2,606.2 2,465.3 2,533.4 2,227.2 1,848.7 1,835.9 1,758.1 1,388.2 1,241.7 1,270.0 1,079.6 1,300.6 1,374.7 1,399.1 1,292.3 1,257.1 1,219.7 1,195.1 1,204.8 1,071.9 1,028.3 977.5 942.0 864.4 759.8 864.2 876.1 704.2
Total Current Assets 14,637.1 13,952.0 10,108.2 10,759.2 9,077.6 8,675.9 8,780.9 7,975.7 7,437.4 7,084.3 6,860.3 6,923.6 6,359.0 6,106.2 6,586.1 6,823.5 6,176.2 5,488.0 5,524.3 5,254.1 4,285.4 3,956.3 3,971.0 3,464.1 4,129.0 4,618.6 4,440.0 4,386.4 4,172.1 3,876.0 4,133.0 4,049.2 3,907.1 3,549.7 3,521.5 3,045.4 2,882.1 2,527.7 2,685.2 2,350.9 2,054.6
Non-Current Assets
Property, Plant & Equipment 468.5 572.0 453.1 434.3 401.5 377.7 378.4 357.8 351.8 343.2 330.0 329.1 310.4 294.7 272.6 260.6 254.4 236.3 220.6 216.7 200.2 202.5 190.0 185.6 183.2 199.8 185.5 190.2 186.3 186.2 185.0 179.1 184.0 180.1 168.1 154.3 149.0 142.5 144.5 90.4 85.6
Goodwill 7,341.0 7,564.8 6,337.1 6,334.0 6,191.7 5,984.7 5,927.8 5,546.0 5,673.7 5,645.0 5,553.5 5,473.6 5,380.1 5,201.4 5,069.0 5,076.4 5,180.8 5,079.0 5,102.3 5,058.2 4,693.5 4,719.2 4,613.6 4,582.2 4,583.9 4,833.0 4,707.4 4,720.5 4,549.1 4,542.1 4,517.3 4,556.2 4,744.3 4,715.8 4,644.6 4,212.5 4,227.5 4,195.1 4,184.0 3,557.4 3,564.2
Intangible Assets 3,057.6 3,237.7 2,311.0 2,372.3 2,407.6 2,410.4 2,152.6 1,956.9 2,033.1 2,085.7 2,165.0 2,107.1 2,197.6 2,131.0 2,169.2 2,220.2 2,314.3 2,335.4 2,369.5 2,265.6 2,050.9 2,115.9 2,115.2 2,121.3 2,169.7 2,341.9 2,315.6 2,417.2 2,355.6 2,407.9 2,438.6 2,515.2 2,682.5 2,725.0 2,876.4 2,562.3 2,633.7 2,653.2 2,758.9 2,112.2 2,155.2
Long-Term Investments 894.1 943.8 58.7 58.3 62.7 60.1 64.6 64.0 68.3 69.5 68.0 69.7 67.6 74.3 74.3 67.1 71.1 52.0 11.9 11.9 11.9 7.5 7.5 61.8 28.1 30.4 26.2 26.6 26.5 42.7 33.0 39.9 32.9 32.9 33.5 40.8 40.8 36.2 79.7 90.8 82.6
Other Non-Current Assets 266.5 137.8 476.8 477.0 406.8 448.3 334.0 296.2 265.8 248.7 287.7 275.5 273.3 281.7 314.8 262.5 224.5 213.9 225.9 220.5 185.7 193.2 196.8 211.7 216.2 224.8 239.4 234.7 225.4 147.6 143.9 145.5 141.7 115.0 86.2 86.4 76.9 72.0 63.8 66.9 69.7
Total Non-Current Assets 12,027.7 12,456.1 9,636.7 9,676.0 9,470.2 9,281.2 8,857.5 8,220.8 8,392.8 8,392.0 8,404.2 8,255.1 8,229.0 7,983.1 7,900.0 7,886.7 8,045.2 7,916.6 7,930.1 7,772.7 7,142.1 7,238.3 7,123.0 7,162.6 7,181.1 7,630.0 7,474.2 7,589.2 7,342.9 7,326.5 7,317.9 7,435.9 7,785.4 7,768.7 7,808.8 7,056.4 7,127.9 7,099.0 7,230.9 5,917.8 5,957.2
Total Assets 26,664.8 26,408.1 19,744.8 20,435.2 18,547.8 17,957.0 17,638.4 16,196.5 15,830.1 15,476.3 15,264.5 15,178.7 14,587.9 14,089.3 14,486.0 14,710.2 14,221.4 13,404.7 13,454.4 13,026.9 11,427.5 11,194.6 11,094.0 10,626.7 11,310.1 12,248.5 11,914.2 11,975.6 11,514.9 11,202.5 11,450.9 11,485.1 11,692.5 11,318.4 11,330.3 10,101.7 10,010.0 9,626.7 9,916.1 8,268.7 8,011.8
Current Liabilities
Account Payables 2,100.8 1,564.5 1,966.5 1,974.5 1,811.7 1,570.4 1,825.7 1,902.9 1,850.0 1,625.0 1,895.3 1,679.7 1,907.8 1,568.9 1,694.0 2,015.0 1,957.1 1,406.3 1,726.7 1,578.3 1,349.0 1,054.5 1,297.2 1,096.3 1,058.7 1,249.6 1,375.9 1,523.9 1,518.8 1,117.6 1,616.9 1,532.7 1,609.2 1,437.3 1,435.6 1,240.8 1,246.2 1,151.4 1,230.3 904.2 796.8
Short-Term Debt 3,753.8 3,374.8 2,301.3 2,248.6 2,254.9 2,770.0 2,491.1 2,515.7 1,901.4 2,126.7 2,345.8 2,071.2 2,097.1 2,314.1 2,476.1 2,108.1 1,927.0 1,517.6 1,901.4 1,346.1 1,364.2 1,205.7 1,333.8 1,245.2 1,913.5 1,746.8 1,165.2 1,932.4 1,807.3 2,070.6 1,699.5 1,915.7 1,621.9 1,616.5 1,602.5 1,443.4 1,407.7 1,336.5 1,383.8 824.2 742.1
Deferred Revenue 0 0 3,501.0 4,143.2 3,228.1 3,266.1 3,204.6 2,763.6 2,534.3 2,397.3 1,783.3 2,013.2 1,481.0 1,505.0 1,599.9 1,685.3 1,587.0 1,788.7 1,533.1 1,570.2 1,119.0 1,175.3 1,124.0 887.6 906.1 1,007.6 957.7 870.2 768.3 926.7 825.4 852.6 746.3 732.2 731.5 688.6 589.4 530.8 595.4 503.1 471.1
Other Current Liabilities 9,134.8 9,097.3 609.8 823.2 529.6 656.4 393.6 292.6 256.5 320.6 320.4 279.1 312.7 303.5 478.3 275.3 244.5 208.6 177.8 195.8 203.2 250.1 141.4 153.8 331.6 183.5 189.2 152.8 156.3 118.7 90.5 85.8 68.9 71.0 117.5 40.2 43.4 38.8 39.1 40.3 42.5
Total Current Liabilities 14,989.3 14,296.7 8,912.3 9,639.8 8,236.7 8,707.9 8,349.7 7,842.5 6,950.9 6,825.8 6,738.2 6,435.9 6,203.5 6,043.5 6,638.2 6,431.9 6,091.9 5,290.4 5,666.3 4,980.4 4,314.0 3,968.3 4,195.8 3,627.0 4,460.1 4,463.1 3,978.9 4,749.2 4,562.1 4,495.2 4,484.5 4,601.5 4,307.7 4,095.5 4,172.9 3,619.0 3,500.7 3,296.3 3,455.0 2,432.3 2,238.0
Non-Current Liabilities
Long-Term Debt 6,606.9 6,656.2 5,821.7 5,869.1 5,916.5 5,226.1 5,271.6 4,817.6 4,862.6 4,596.2 4,637.2 4,678.3 4,700.6 4,722.8 4,745.1 4,767.5 4,416.4 4,460.0 3,790.0 3,732.7 3,082.0 3,097.6 3,158.8 3,202.5 3,246.2 3,289.9 3,307.5 2,676.4 2,708.3 2,748.4 2,773.4 2,832.3 2,867.5 2,902.1 2,934.0 2,394.6 2,460.6 2,521.7 2,552.4 2,007.9 2,032.9
Deferred Tax Liabilities 595.9 614.3 372.0 379.2 431.0 439.2 462.4 445.2 473.2 470.2 548.9 538.8 544.7 527.5 571.4 566.4 588.7 566.3 564.4 565.9 501.3 498.2 506.1 501.2 486.6 520.0 457.2 452.1 494.0 491.9 506.3 498.9 505.1 518.9 742.5 637.2 666.6 668.6 692.2 705.1 713.4
Other Non-Current Liabilities 609.3 527.0 519.8 580.0 469.5 437.9 440.6 315.6 261.1 301.8 280.6 262.2 257.3 254.0 304.2 256.7 220.0 221.4 258.7 259.1 233.7 275.1 295.5 329.6 321.1 263.9 270.3 254.5 219.6 126.7 124.5 113.3 124.1 125.3 50.5 45.4 40.3 56.1 38.0 40.7 39.7
Total Non-Current Liabilities 7,812.0 7,882.8 6,713.4 6,828.3 6,817.0 6,103.2 6,174.6 5,578.4 5,596.9 5,368.1 5,466.8 5,479.3 5,502.5 5,504.3 5,620.8 5,590.7 5,225.1 5,247.7 4,613.1 4,557.6 3,817.0 3,870.9 3,960.4 4,033.3 4,053.8 4,073.9 4,034.9 3,383.0 3,421.8 3,367.1 3,404.2 3,444.5 3,496.7 3,546.3 3,727.0 3,077.2 3,167.5 3,246.4 3,282.6 2,753.7 2,786.0
Total Liabilities 22,801.3 22,179.5 15,625.7 16,468.0 15,053.7 14,811.0 14,524.3 13,420.9 12,547.9 12,193.9 12,205.0 11,915.2 11,706.1 11,547.8 12,259.0 12,022.5 11,317.0 10,538.1 10,279.4 9,538.0 8,131.0 7,839.2 8,156.2 7,660.3 8,513.9 8,536.9 8,013.9 8,132.2 7,983.9 7,862.3 7,888.6 8,046.0 7,804.4 7,641.8 7,899.9 6,696.2 6,668.1 6,542.7 6,737.5 5,186.0 5,024.1
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Retained Earnings 10,611.8 10,264.8 10,001.7 9,723.8 9,439.6 9,196.4 8,950.5 8,674.1 8,422.4 8,192.7 7,936.8 7,665.3 7,425.6 7,210.8 6,985.4 6,736.6 6,474.4 6,256.4 6,031.4 5,797.4 5,601.2 5,416.9 5,207.1 5,018.3 4,859.8 4,712.7 4,477.2 4,251.4 3,989.8 3,817.7 3,515.7 3,358.0 3,181.1 2,958.9 2,676.2 2,473.4 2,342.4 2,218.7 2,123.3 1,990.5 1,876.3
Accumulated Other Comprehensive Income (1,358.9) (1,392.2) (1,410.2) (1,436.4) (1,606.0) (1,714.0) (1,462.0) (1,499.0) (1,340.8) (1,289.1) (1,361.9) (1,357.3) (1,434.0) (1,509.7) (1,660.4) (1,413.8) (1,263.4) (1,464.6) (1,436.0) (1,265.2) (1,481.0) (1,363.2) (1,583.1) (1,582.0) (1,592.1) (972.5) (1,114.7) (928.2) (934.2) (913.9) (944.7) (870.7) (508.6) (551.9) (466.4) (610.0) (572.8) (666.4) (612.1) (559.7) (539.6)
Total Stockholders' Equity 3,510.1 3,883.9 4,075.7 3,928.6 3,453.8 3,122.3 3,087.3 2,750.7 3,254.4 3,282.4 3,059.5 3,263.4 2,881.9 2,541.5 2,227.1 2,687.7 2,904.4 2,866.6 3,175.0 3,488.8 3,296.5 3,355.4 2,937.8 2,966.4 2,796.2 3,711.6 3,900.3 3,843.4 3,531.0 3,340.2 3,562.2 3,439.1 3,888.1 3,676.5 3,430.4 3,405.5 3,341.8 3,084.0 3,178.5 3,082.7 2,987.8
Total Liabilities & Equity 26,664.8 26,419.0 19,744.8 20,435.2 18,547.8 17,957.0 17,638.4 16,196.5 15,830.1 15,476.3 15,264.5 15,178.7 14,587.9 14,089.3 14,486.0 14,710.2 14,221.4 13,404.7 13,454.4 13,026.9 11,427.5 11,194.6 11,094.0 10,626.7 11,310.1 12,248.5 11,914.2 11,975.6 11,514.9 11,202.5 11,450.9 11,485.1 11,692.5 11,318.4 11,330.3 10,101.7 10,010.0 9,626.7 9,916.1 8,268.7 8,011.8
Debt Metrics
Total Debt 10,360.6 10,116.2 8,123.0 8,117.7 8,171.4 7,996.1 7,762.7 7,333.4 6,764.1 6,722.9 6,983.0 6,749.5 6,797.6 7,036.9 7,221.2 6,875.7 6,343.3 5,977.7 5,691.4 5,078.8 4,446.1 4,303.3 4,492.6 4,447.6 5,159.7 5,036.8 4,472.7 4,608.8 4,515.6 4,819.0 4,472.9 4,748.0 4,489.4 4,518.6 4,536.5 3,838.1 3,868.3 3,858.2 3,936.1 2,832.1 2,775.0
Net Debt 1,544.3 1,124.3 6,117.4 5,924.9 6,616.6 6,442.4 6,459.3 5,975.8 5,452.1 5,333.3 5,888.8 5,495.2 5,525.2 5,601.7 5,903.7 5,452.6 5,045.1 4,457.6 4,420.4 3,777.6 3,487.8 3,368.4 3,703.7 3,681.9 4,089.0 3,765.3 3,413.9 3,438.4 3,458.1 3,787.9 3,548.5 3,828.3 3,509.9 3,605.0 3,701.7 3,273.5 3,321.8 3,383.2 3,530.7 2,339.0 2,375.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 350.1 264.5 278.4 284.1 243.9 246.0 276.3 251.7 229.8 255.9 271.5 239.7 214.8 225.3 248.9 262.2 218.0 225.0 234.0 196.2 184.2 209.9 188.8 158.5 147.1 235.5 225.8 261.7 172.1 302 157.7 176.9 174.9 282.7 202.8 131.0 123.7 95.4 129.6 116.3 111.1
Depreciation & Amortization 114.8 122.6 93.2 91.3 92.2 92.4 89.5 84.3 84.8 83.9 84.8 83.7 84.2 89.8 77.2 78.5 76.8 75.0 74.2 69.2 65.7 64.7 63.5 62.2 64.5 68.5 67.3 70.9 67.4 66.1 67.3 68.6 71.5 64.5 67.5 63.2 63.3 59.9 55.7 47.1 35.3
Stock-Based Compensation 0 27.8 27.6 28.9 18.4 36.1 28.5 27.1 25.0 26.2 29.1 34.7 26.1 20.6 34.2 34.0 32.6 28.0 16.5 17.9 17.7 8.3 11.9 9.0 14.2 14.8 15.3 18.3 12.5 15.7 20.7 19.1 14.4 24.4 24.7 21.1 23.1 13.9 17.4 17.4 15.2
Change in Working Capital (531.9) 870.4 (815.0) 728.1 (455.1) 327.0 (19.6) 158.0 (17.5) 835.4 (108.9) (163.3) 511.5 (38.3) (5.7) 84.0 (792.5) 245.2 (96.0) (22.6) (198.4) (21.6) 128.6 165.1 80.2 14.3 (159.0) (55.3) 10.6 79.2 9.0 (204.3) (68.6) 81.8 46.7 (72.3) (152.0) 84.0 (12.7) (86.9) (48.5)
Other Non-Cash Items (19.8) (472.6) 49.9 25.4 34.5 (7.2) 35.4 30.2 27.5 23.6 16.4 37.8 41.5 44.0 39.3 (291.8) 351.0 29.5 12.6 14.1 4.0 6.0 16.7 (11.2) 121.4 11.0 15.7 19.2 37.5 (118.6) 25.5 15.8 13.3 12.5 (112.4) 20.4 18.8 53.5 16.5 2.7 11.6
Operating Cash Flow (56.6) 812.7 (378.9) 1,140.2 (74.2) 648.7 400.8 540.9 350.2 1,197.3 285.7 221.3 877.7 316.2 396.8 154.1 (112.3) 597.5 243.1 278.6 77.8 257.9 412.5 382.1 420.0 370.9 241.1 252.5 297.5 348.0 280.3 74.4 200.7 248.5 223.9 134.2 73.5 301.6 192.2 89.4 122.6
Investing Activities
Capital Expenditure (51.1) (52.4) (50.9) (52.6) (44.8) (44.1) (45.8) (44.1) (41.2) (36.7) (38.2) (42.2) (36.7) (43.8) (41.0) (35.2) (31.4) (37.1) (28.7) (26.2) (19.5) (23.4) (18.1) (18.6) (18.3) (26.5) (16.7) (17.5) (14.5) (25.1) (21.7) (19.4) (15.2) (20.6) (16.9) (17.8) (14.8) (17.1) (17.1) (13.0) (11.7)
Acquisitions 420.2 2,088.4 0 (0.9) (153.7) (390.7) (185.8) (3.5) (56.3) 1.6 (106.2) (0.0) (126.7) (56.8) (126.4) 2.1 (35.9) (57.1) (430.1) (71.3) (43.7) (8.2) (72.1) (0.0) (0.5) (113.4) (83.9) (250.9) 0 (17.0) 0.0 0.1 (3.9) (103.0) (598.7) (3.6) 0 (0.9) (1,325.8) (1.2) (4.1)
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 14.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (525.7) (9.4) 0 14.6 5.6 0 3.4 (4.8) 0 0 0 4.4 0 0 0 0 0 0 (2.3) 0 0 53.0 0 0 (0.3) 0 0 0 87.2 0 (7.5) (3.6) (32.6) 316.5 0 (6.3) 0 9.3 (3.0) (4.9)
Investing Cash Flow 369.1 1,510.3 (60.3) (38.7) (183.9) (429.2) (231.6) (44.3) (102.3) (35.1) (144.4) (42.2) (159.0) (100.6) (167.4) (33.1) (67.3) (94.1) (458.7) (99.8) (63.2) (31.6) (37.3) (18.6) (18.7) (140.2) (100.6) (268.4) (14.5) 45.0 (21.7) (26.9) (22.7) (156.2) (299.1) (21.4) (21.1) (18.0) (1,333.6) (17.2) (20.7)
Financing Activities
Net Debt Issuance 357.8 1,859.7 4.4 (56.3) 180.7 248.6 408.7 566.6 42.0 (266.7) 240.5 (54.5) (241.8) (188.5) 344.5 534.8 364.4 314.9 538.5 397.9 116.7 (174.1) 40.3 (709.5) 142.6 534.8 (112.1) 95.0 (299.0) 352.8 (270.1) 277.1 (30.6) (20.9) 675.4 (35.7) 3.3 (72.9) 1,099.0 56.1 (158.9)
Stock Repurchased (786.0) (500.2) (191.7) (32.2) (58.7) (248.8) (92.2) (658.2) (288.8) (139.9) (534.9) (2.4) (9.6) (109.6) (500.3) (372.6) (422.7) (533.4) (405.7) (254.5) (162.0) (61.5) (231.0) (27.1) (530.2) (635.5) (55.3) (0.7) (3.3) (578.0) 0 (292.4) (88.3) (0.0) (350.0) (52.4) 0 (152.2) (9.5) (26.0) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0.3 299.8 (0.4) 0.6 (11.8) (14.6) 14.6 1.5 (2.6) (2.7) (0.2) 0 0.3 (0.3) (9.9) 0 (0.3) (17.4) 75.5 223.3 1.5 (0.3) (1.6) (1.1) (0.1) (0.2) (2.1) (0.1) (0.3) (3.6) (0.2) (0.1) (0.1) (1.8) (11.2) 0 0.5 (0.0) (2.3) (0.6) (0.0)
Financing Cash Flow (416.2) 1,664.0 (180.6) (63.9) 142.3 228.8 415.5 (80.7) (158.6) (396.8) (259.6) (24.1) (217.7) (271.1) (162.5) 172.2 (49.8) (235.3) 220.6 375.3 (16.6) (194.9) (189.5) (718.0) (314.5) (49.7) (108.9) 121.4 (272.9) (221.5) (251.6) (5.8) (99.0) 1.8 317.9 (86.9) 19.1 (222.4) 1,097.9 37.0 (158.5)
Cash Position
Net Change in Cash (175.6) 4,077.5 (617.0) 1,147.9 (72.9) 301.3 607.7 344.6 61.1 826.0 (187.2) 164.1 530.2 (11.7) (55.6) 267.0 (161.3) 241.8 (50.4) 627.8 (45.1) 105.8 179.5 (360.9) (123.0) 209.4 (22.7) 116.1 7.7 176.3 3.1 (37.1) 91.6 78.8 252.7 30.6 91.2 69.6 (87.7) 93.8 (47.8)
Cash at Beginning 8,991.9 4,914.4 5,531.4 4,383.4 4,456.3 4,155.0 3,547.3 3,202.7 3,141.5 2,315.5 2,983.5 2,819.4 2,289.2 2,300.9 2,356.4 2,089.4 2,250.7 2,008.9 2,059.3 1,431.5 1,476.6 1,370.9 1,191.3 1,552.2 1,675.2 1,465.9 1,488.6 1,372.6 1,364.9 1,188.5 1,185.4 1,222.5 1,130.9 1,018.3 765.6 735.0 475.0 405.4 493.1 399.3 447.2
Cash at End 8,816.3 8,991.9 4,914.4 5,531.4 4,383.4 4,456.3 4,155.0 3,547.3 3,202.7 3,141.5 2,796.3 2,983.5 2,819.4 2,289.2 2,300.9 2,356.4 2,089.4 2,250.7 2,008.9 2,059.3 1,431.5 1,476.6 1,370.9 1,191.3 1,552.2 1,675.2 1,465.9 1,488.6 1,372.6 1,364.9 1,188.5 1,185.4 1,222.5 1,130.9 1,018.3 765.6 735.0 475.0 405.4 493.1 399.3
Free Cash Flow (107.7) 760.3 (429.8) 1,087.6 (118.9) 604.6 355.0 496.8 309.0 1,160.6 247.4 179.1 840.9 272.4 355.8 118.9 (143.6) 560.4 214.4 252.4 58.3 234.5 394.4 363.5 401.8 344.4 224.4 235.1 283.0 322.9 258.6 55.0 185.5 227.8 207.0 116.4 58.7 284.5 175.1 76.4 110.9
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Income Statement
Revenue 1,261.0 1,248.2 1,172.5 1,102.0 1,005.7 1,034.4 1,029.2 975.7 935.3 937.3 970.9 948.2 901.3 883.6 893 861.3 789.2 802.3 755.5 667.4 608.6 617.3 585.3 525.1 661.1 698.9 681.0 647.1 621.8 643.4 619.6 585.0 585.5 610.0 577.9 541.2 520.4 515.0 484.4 417.9 414.3 430.6 451.5 404.6 416.2 376.7 295.3 273.5 253.9 255.5 225.2 220.9 193.7
Gross Profit 916.5 871.6 830.6 863.5 783.8 805.7 805.5 766.5 727.8 735.9 762.7 742.9 696.4 682 689.7 675.7 615.0 630.7 605.9 545.1 492.2 495.8 465.4 403.9 427.4 552.8 546.0 526.6 492.7 511.8 491.2 473.8 469.0 496.8 466.6 437.9 418.6 416.3 388.2 337.2 334.4 346.4 360.5 330.0 334.8 320.5 253.8 234.7 217.1 216.9 191.7 188.9 163.7
Operating Income 543.1 511.0 523.1 479.4 427.1 488.3 468.1 433.3 397.3 424.1 445.0 412.6 375.2 369.3 389.2 370.5 317.7 340.3 338.7 297.6 266.0 293.9 264.5 212.8 201.0 320.8 329.1 297.3 284.2 284.7 281.1 264.8 260.1 240.0 232.6 216.0 195.1 216.0 191.1 171.2 176.0 146.1 188.5 169.2 163.8 172.6 144.2 134.5 114.1 106.0 111.3 109.1 94.3
Net Income 350.1 264.5 277.9 284.2 243.2 246.0 276.4 251.6 229.8 255.9 271.5 239.7 214.8 225.3 248.9 262.2 218.0 225.0 234.0 196.2 184.2 209.9 188.8 158.5 147.1 235.5 225.8 261.7 172.1 302 157.7 176.9 174.9 282.7 202.8 131.0 123.7 95.4 129.6 116.3 111.1 52.8 116.8 98.7 94.2 109.5 95.5 88.5 75.1 68.1 78.6 73.1 64.7
EPS (Diluted) 5.07 3.75 3.91 3.98 3.40 3.44 3.90 3.52 3.12 3.48 3.64 3.20 2.88 3.03 3.29 3.35 2.75 2.74 2.80 2.30 2.15 2.44 2.19 1.83 1.67 2.60 2.49 2.90 1.93 3.33 1.71 1.91 1.88 3.05 2.18 1.39 1.31 1.00 1.36 1.22 1.17 0.56 1.24 1.05 1.00 1.21 1.11 1.03 0.88 0.80 0.93 0.87 0.77
Balance Sheet
Cash & Equivalents 8,816.3 8,991.9 2,005.5 2,192.8 1,554.8 1,553.6 1,303.5 1,357.6 1,311.9 1,389.6 1,094.2 1,254.2 1,272.5 1,435.2 1,317.5 1,423.1 1,298.2 1,520.0 1,271 1,301.2 958.3 934.9 788.9 765.8 1,070.7 1,271.5 1,058.8 1,170.3 1,057.5 1,031.1 924.4 919.7 979.6 913.6 834.8 564.6 546.6 475.0 405.4 493.1 399.3
Total Assets 26,664.8 26,408.1 19,744.8 20,435.2 18,547.8 17,957.0 17,638.4 16,196.5 15,830.1 15,476.3 15,264.5 15,178.7 14,587.9 14,089.3 14,486.0 14,710.2 14,221.4 13,404.7 13,454.4 13,026.9 11,427.5 11,194.6 11,094.0 10,626.7 11,310.1 12,248.5 11,914.2 11,975.6 11,514.9 11,202.5 11,450.9 11,485.1 11,692.5 11,318.4 11,330.3 10,101.7 10,010.0 9,626.7 9,916.1 8,268.7 8,011.8
Total Debt 10,360.6 10,116.2 8,123.0 8,117.7 8,171.4 7,996.1 7,762.7 7,333.4 6,764.1 6,722.9 6,983.0 6,749.5 6,797.6 7,036.9 7,221.2 6,875.7 6,343.3 5,977.7 5,691.4 5,078.8 4,446.1 4,303.3 4,492.6 4,447.6 5,159.7 5,036.8 4,472.7 4,608.8 4,515.6 4,819.0 4,472.9 4,748.0 4,489.4 4,518.6 4,536.5 3,838.1 3,868.3 3,858.2 3,936.1 2,832.1 2,775.0
Stockholders' Equity 3,510.1 3,883.9 4,075.7 3,928.6 3,453.8 3,122.3 3,087.3 2,750.7 3,254.4 3,282.4 3,059.5 3,263.4 2,881.9 2,541.5 2,227.1 2,687.7 2,904.4 2,866.6 3,175.0 3,488.8 3,296.5 3,355.4 2,937.8 2,966.4 2,796.2 3,711.6 3,900.3 3,843.4 3,531.0 3,340.2 3,562.2 3,439.1 3,888.1 3,676.5 3,430.4 3,405.5 3,341.8 3,084.0 3,178.5 3,082.7 2,987.8
Cash Flow
Operating Cash Flow (56.6) 812.7 (378.9) 1,140.2 (74.2) 648.7 400.8 540.9 350.2 1,197.3 285.7 221.3 877.7 316.2 396.8 154.1 (112.3) 597.5 243.1 278.6 77.8 257.9 412.5 382.1 420.0 370.9 241.1 252.5 297.5 348.0 280.3 74.4 200.7 248.5 223.9 134.2 73.5 301.6 192.2 89.4 122.6
Capital Expenditure (51.1) (52.4) (50.9) (52.6) (44.8) (44.1) (45.8) (44.1) (41.2) (36.7) (38.2) (42.2) (36.7) (43.8) (41.0) (35.2) (31.4) (37.1) (28.7) (26.2) (19.5) (23.4) (18.1) (18.6) (18.3) (26.5) (16.7) (17.5) (14.5) (25.1) (21.7) (19.4) (15.2) (20.6) (16.9) (17.8) (14.8) (17.1) (17.1) (13.0) (11.7)
Free Cash Flow (107.7) 760.3 (429.8) 1,087.6 (118.9) 604.6 355.0 496.8 309.0 1,160.6 247.4 179.1 840.9 272.4 355.8 118.9 (143.6) 560.4 214.4 252.4 58.3 234.5 394.4 363.5 401.8 344.4 224.4 235.1 283.0 322.9 258.6 55.0 185.5 227.8 207.0 116.4 58.7 284.5 175.1 76.4 110.9