CPAYCorpay
Corpay, Inc. (the "Company") is a global corporate payments company that helps businesses and consumers better manage and pay their expenses in a simple, controlled manner. 10-K, Item 1
- Employees
- 11,800
- Headquarters
- Atlanta, GA
- CEO
- Ronald Clarke
- Next results
- around Feb 3, 2027
What changed
10-K filed Feb 27, 2026 against Feb 27, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 70 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Critical audit matters changed | New this year: Auditing the Company's annual goodwill impairment tests for reporting units to which a material amount of; Addressed the Company’s goodwill impairment review process, including controls over management’s review of the; Matter in Our significant assumptions described above. For example, we tested controls over management’s review of; Audit EBITDA margin forecasts and the discounts rates used in the determination of the reporting units’ estimated; To test the reporting units' estimated fair values, our audit procedures included, among others, assessing the. No longer listed: Company’s quantitative impairment test involves estimating the fair value of each reporting unit using a; Auditing the Company's estimate of fair value for the Payroll Card reporting unit was complex and subjective; Interest Taxes Depreciation and Amortization (EBITDA) margin as well as the discount rate, which are; Matter in Our inclusive of the underlying data used by the Company in its development of these assumptions. We involved; Audit our valuation specialists to assist us in evaluating the Company’s estimated discount rate methodology and; The Company recorded intangible assets from these acquisitions, including customer and vendor relationships. Same as last year: Valuation of goodwill; Description of At December 31, 2025, the Company’s goodwill was $7.6 billion. As discussed in Note 2 to the consolidated; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the; Valuation of acquired customer relationship intangible assets; Description of As discussed in Notes 2 and 7 to the consolidated financial statements, the Company completed the acquisition; Auditing the preliminary fair values of the Alpha customer relationships was complex and subjective due to the; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the; Addressed the valuation of customer relationships, including controls over models to estimate the fair values of the above | 10-K · XBRL |
| Accounting checks | 9 other checks clear, 1 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 2 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Feb 27, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-27. Quoted as filed.
We also operate in an evolving regulatory environment for cybersecurity and data privacy. New or expanded disclosure or notification obligations could increase our compliance costs and exposure to enforcement or litigation following an incident.
10-K, Item 1A
Accounting checks
latest 10-K9 of 10 clear 1 worth a look. Checks, not verdicts.
- !Critical audit matters changedNew this year: Auditing the Company's annual goodwill impairment tests for reporting units to which a material amount of; Addressed the Company’s goodwill impairment review process, including controls over management’s review of the; Matter in Our significant assumptions described above. For example, we tested controls over management’s review of; Audit EBITDA margin forecasts and the discounts rates used in the determination of the reporting units’ estimated; To test the reporting units' estimated fair values, our audit procedures included, among others, assessing the. No longer listed: Company’s quantitative impairment test involves estimating the fair value of each reporting unit using a; Auditing the Company's estimate of fair value for the Payroll Card reporting unit was complex and subjective; Interest Taxes Depreciation and Amortization (EBITDA) margin as well as the discount rate, which are; Matter in Our inclusive of the underlying data used by the Company in its development of these assumptions. We involved; Audit our valuation specialists to assist us in evaluating the Company’s estimated discount rate methodology and; The Company recorded intangible assets from these acquisitions, including customer and vendor relationships. Same as last year: Valuation of goodwill; Description of At December 31, 2025, the Company’s goodwill was $7.6 billion. As discussed in Note 2 to the consolidated; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the; Valuation of acquired customer relationship intangible assets; Description of As discussed in Notes 2 and 7 to the consolidated financial statements, the Company completed the acquisition; Auditing the preliminary fair values of the Alpha customer relationships was complex and subjective due to the; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the; Addressed the valuation of customer relationships, including controls over models to estimate the fair values of the above
- ✓Receivables +2.6% vs revenue +13.9% (-11.3 pts)
- ✓Cash from operations $1.5B vs net income $1.1B (FY ending 2025-12-31)
- ✓Same auditor in both 10-Ks: Ernst & Young LLP
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 5, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
- Nov 4, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
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