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Buybacks for Corpay (CPAY)

TTM repurchases $1.51B · 5Y diluted share change -18.1% · SBC coverage 13.51×.

Analysis
Capital Return

Buyback yield (TTM)

7.68%

Shareholder yield (TTM)

7.68%

5Y share count change

-18.1%

Buyback spend (TTM)

$1.51B

Key takeaways

  • Corpay (CPAY) repurchased about $1.51B of stock over the trailing twelve months.
  • Diluted share count is down 18.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
  • TTM buyback ÷ stock-based-comp ratio of 13.51× — repurchases more than cover SBC dilution.
  • Cash buyback spend has compounded at -1.6% per year over the latest 5-year window.
  • TTM repurchases used about 115% of free cash flow remaining after dividends.

Dividend & buyback yield over time for Corpay (CPAY)

Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.

Diluted vs basic shares (annual) for Corpay (CPAY)

Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.

Year-over-year change in diluted shares for Corpay (CPAY)

Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.

Cash buyback spend over time for Corpay (CPAY)

Latest: $782.82M

Overview

2025's annual buyback spend for Corpay (CPAY) came in at $782.82M – plunged 39.2% year-over-year.

Corpay buyback spend has contracted on net over the period, with a -1.6% compound annual growth rate over 2020–2025 (5 years).

Corpay buyback spend peaked at $1.41B in 2022; the latest annual figure is $782.82M in 2025 (44.3% below peak).

$1.41B stands as the all-time-high annual buyback spend, posted in 2022, against a low of $0.00 during 2013.

Corpay Buyback Spend 2025: $782.82M

In 2025, Corpay reported buyback spend of $782.82M, plunged 39.2% below 2024.

Corpay Buyback Spend 2024: $1.29B

Corpay buyback spend in 2024 was $1.29B, surged 87.5% from 2023.

Corpay Buyback Spend 2023: $686.86M

2023's buyback spend for Corpay came in at $686.86M, plunged 51.1% below 2022.

Corpay Buyback Spend 2022: $1.41B

Corpay posted buyback spend of $1.41B in 2022, edged up 3.6% from 2021. This figure represents the highest annual value in the available history.

Corpay Buyback Spend 2021: $1.36B

Corpay buyback spend in 2021 was $1.36B.

See more financial history for Corpay (CPAY).

Buyback, SBC & dilution history

Buyback spend, SBC, net dilution effect, and share count.

  • 2025$782.82M
  • 2024$1.29B
  • 2023$686.86M
  • 2022$1.41B
  • 2021$1.36B
  • 2020$849.91M
  • 2019$694.91M
  • 2018$958.70M
  • 2017$402.39M
  • 2016$187.68M
  • 2015$0.00
  • 2014$0.00
  • 2013$0.00

Buybacks vs stock-based compensation for Corpay (CPAY)

Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 13.51×.

Buybacks vs dividends (share of cash returned) for Corpay (CPAY)

How Corpay splits cash returned to shareholders between dividends and buybacks.

Sector peers by buyback spend

Companies in the same sector as Corpay, ranked by their latest buyback spend.

Buyback capacity (TTM)

Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.

TTM buybacks vs headroom (FCF − dividends, TTM)100% of headroom

Headroom $1.31B (TTM FCF − TTM dividends, clamped at zero).

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Data & methodology

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