Corpay
Corpay returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 14.43% | 19.91% | 15.26% | 30.39% | 4.69% | 6.7 pp |
| FY 2026 Q1 | Mar 31, 2026 | 14.09% | 20.04% | 15.8% | 33.71% | 5.21% | 6.4 pp |
| FY 2025 Q4 | Dec 31, 2025 | 13.14% | 18.67% | 4.73% | 30.5% | 4.82% | 5.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 19.06% | — | 29.35% | 5.62% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 19.46% | — | 31.43% | 5.73% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 18.94% | — | 30.33% | 5.92% | — |
| FY 2024 Q4 | Dec 31, 2024 | 14.23% | 19.97% | 6.91% | 31.34% | 6% | 6.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 19.34% | — | 32.98% | 6.16% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 19.88% | — | 33.55% | 6.43% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 19.45% | — | 32.49% | 6.55% | — |
| FY 2023 Q4 | Dec 31, 2023 | 14.65% | 19.85% | 30.82% | 33.72% | 6.64% | 7 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 19.57% | — | 35.99% | 6.4% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 18.17% | — | 31.21% | 6.21% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 18.22% | — | 32.88% | 6.6% | — |
| FY 2022 Q4 | Dec 31, 2022 | 13.99% | 17.9% | 17.27% | 35.29% | 6.94% | 6.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 18.13% | — | 35.32% | 6.83% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 16.75% | — | 30.41% | 6.77% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 16.98% | — | 28.16% | 6.81% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 16.2% | — | 26.98% | 6.83% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 16.29% | — | 26.97% | 6.72% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 14.91% | — | 24.14% | 6.59% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 14.86% | — | 24.34% | 6.52% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 12.95% | — | 19.93% | 6.01% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 13.47% | — | 21.35% | 6.34% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 14.95% | — | 22.52% | 6.79% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 16.64% | — | 27.5% | 7.62% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 16.99% | — | 25.39% | 7.63% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 16.04% | — | 25.77% | 8.23% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 16.26% | — | 24.54% | 7.62% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 15.55% | — | 21.8% | 6.97% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 15.66% | — | 23.13% | 7.21% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 14.81% | — | 22.66% | 6.95% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 14.93% | — | 24.47% | 7.76% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 13.66% | — | 21.89% | 7.29% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 13.04% | — | 21.9% | 7.07% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 12.63% | — | 16.73% | 5.2% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 13.28% | — | 14.79% | 5.22% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 12.59% | — | 14.63% | 5.14% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 12.6% | — | 15.3% | 5.16% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 11.12% | — | 13.24% | 4.47% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 11.66% | — | 13.15% | 4.68% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 11.8% | — | 13.12% | 4.58% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 11.69% | — | 12.98% | 4.38% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 17.05% | — | 18.54% | 6.7% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 16.09% | — | 18.16% | 6.2% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 15.62% | — | 18.7% | 6.18% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 14.5% | — | 18.45% | 5.85% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 23.9% | — | 23.95% | 8.5% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 23.66% | — | 24.58% | 8.54% | — |
| FY 2014 Q1 | Mar 31, 2014 | 14.6% | 23.33% | — | 25.11% | 8.52% | 6.9 pp |
| FY 2013 Q4 | Dec 31, 2013 | 14.95% | 23.35% | 8.63% | 26.37% | 8.55% | 7.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 24.24% | — | — | 8.75% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 24.81% | — | — | 9.33% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 24.11% | — | — | 8.76% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | — | — | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CPAY, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.