Question 1

What is Corpay's EV/EBITDA ratio?

Accepted Answer

Corpay (CPAY) EV/EBITDA ratio is 10.2× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Corpay?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Corpay specifically, the relevant sector benchmark is the current sector median of 19.5×.

Question 5

Is Corpay's EV/EBITDA ratio high or low?

Accepted Answer

Corpay's EV/EBITDA ratio of 10.2× is below its own 5-year average of 13.1× and below the sector median of 19.5×. That places the current reading at the 3th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Corpay's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Corpay (CPAY) EV/EBITDA ratio has ranged from a low of 9.0× in 2026 to a high of 25.2× in 2014. The 5-year average is 13.1× and the 5-year median is 12.9×.

Question 7

What was Corpay's EV/EBITDA ratio in 2025?

Accepted Answer

Corpay (CPAY) EV/EBITDA ratio at the end of 2025 was 9.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Corpay's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$20.88B	$2.34B	9.4×	-4.8×	Dec 31, 2025
2024	$23.67B	$2.12B	14.2×	+1.5×	Dec 31, 2024
2023	$20.29B	$2.01B	12.7×	+1.9×	Dec 31, 2023
2022	$13.50B	$1.76B	10.8×	-4.0×	Dec 31, 2022
2021	$17.96B	$1.51B	14.9×	-6.3×	Dec 31, 2021
2020	$23.41B	$1.27B	21.1×	+1.3×	Dec 31, 2020
2019	$25.99B	$1.50B	19.8×	+6.1×	Dec 31, 2019
2018	$16.84B	$1.51B	13.7×	-3.4×	Dec 31, 2018
2017	$17.94B	$1.27B	17.0×	-1.3×	Dec 31, 2017
2016	$13.48B	$918.07M	18.4×	-1.5×	Dec 31, 2016
2015	$13.46B	$800.80M	19.9×	-5.3×	Dec 31, 2015
2014	$13.36B	$654.16M	25.2×	+2.6×	Dec 31, 2014
2013	$9.97B	$492.77M	22.6×	—	Dec 31, 2013


SAP (SAP)	13.1×
Zebra Technologies (ZBRA)	12.6×
Micron Technology (MU)	12.5×
NXP Semiconductors (NXPI)	12.3×
Block (XYZ)	11.9×
Qorvo (QRVO)	11.3×
Broadridge Financial Solutions (BR)	11.1×
Adobe (ADBE)	10.9×
Super Micro Computer (SMCI)	10.8×
CDW (CDW)	10.8×
QUALCOMM (QCOM)	10.6×
Accenture (ACN)	10.5×
NetApp (NTAP)	10.5×
Amkor Technology (AMKR)	10.3×
GoDaddy (GDDY)	10.2×
Block (SQ)	10.0×
EPAM Systems (EPAM)	9.6×
Science Applications International (SAIC)	9.4×
Skyworks Solutions (SWKS)	9.2×
Paycom Software (PAYC)	8.2×
Gen Digital (GEN)	7.4×
Cognizant (CTSH)	7.2×
Fidelity National Information Services (FIS)	7.0×
Fiserv (FISV)	6.9×
HP (HPQ)	6.4×

EV/EBITDA for Corpay (CPAY)

EV/EBITDA daily chart for Corpay (CPAY)

Historical EV/EBITDA for Corpay (CPAY) from 2013 to 2025

About EV/EBITDA at Corpay (CPAY)

Corpay EV/EBITDA by Year

Corpay EV/EBITDA 2025: 9.4×

Corpay EV/EBITDA 2024: 14.2×

Corpay EV/EBITDA 2023: 12.7×

Corpay EV/EBITDA 2022: 10.8×

Corpay EV/EBITDA 2021: 14.9×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Corpay (CPAY) Key Financials

EV/EBITDA daily chart for Corpay (CPAY)

Historical EV/EBITDA for Corpay (CPAY) from 2013 to 2025

About EV/EBITDA at Corpay (CPAY)

Corpay EV/EBITDA by Year

Corpay EV/EBITDA 2025: 9.4×

Corpay EV/EBITDA 2024: 14.2×

Corpay EV/EBITDA 2023: 12.7×

Corpay EV/EBITDA 2022: 10.8×

Corpay EV/EBITDA 2021: 14.9×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Corpay's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Corpay?

+Is Corpay's EV/EBITDA ratio high or low?

+What is Corpay's historical EV/EBITDA ratio range?

+What was Corpay's EV/EBITDA ratio in 2025?

+Why does Corpay's EV/EBITDA ratio change over time?

Corpay (CPAY) Key Financials