CPAY (Corpay) Debt-to-EBITDA : (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CPAY Corpay Inc CPAY
95 GF Score
Price $397.76
GF Value $424.65
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Corpay Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Corpay's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $4,525 Mil. Corpay's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $6,098 Mil. Corpay's annualized EBITDA for the quarter that ended in Jun. 2026 was $2,311 Mil. Corpay's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 4.60.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Corpay's Debt-to-EBITDA or its related term are showing as below:

CPAY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.2   Med: 3.67   Max: 4.28
Current: 4.16

During the past 13 years, the highest Debt-to-EBITDA Ratio of Corpay was 4.28. The lowest was 3.20. And the median was 3.67.

CPAY's Debt-to-EBITDA is ranked worse than
83.21% of 1727 companies
in the Software industry
Industry Median: 0.99 vs CPAY: 4.16

Corpay  (NYSE:CPAY) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Corpay Debt-to-EBITDA Related Terms

Corpay Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Corpay's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Corpay Debt-to-EBITDA Chart

Corpay Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Corpay Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

CPAY vs VRSN, OKTA, IOT: Debt-to-EBITDA Comparison

For the Software - Infrastructure subindustry, Corpay's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Corpay Debt-to-EBITDA vs Software Industry

For the Software industry and Technology sector, Corpay's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Corpay's Debt-to-EBITDA falls into.


CPAY
95GF Score
Corpay Inc CPAY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Corpay Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Corpay's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3374.767 + 6741.445) / 2338.591
=4.33

Corpay's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4525.389 + 6098.142) / 2311.048
=4.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Corpay (CPAY) Overvalued in 2026?

Based on GuruFocus' analysis, Corpay stock appears to be undervalued. The current stock price of $397.76 is trading 6.3% below its estimated GF Value™ of $424.65. GuruFocus considers Corpay to be Fairly Valued.

Key valuation signals for CPAY:

  • Debt-to-EBITDA:
  • GF Value™: $424.65 vs. price of $397.76 (6.3% below fair value)
  • GF Score™: 95/100 with 8 warning signs

No single metric tells the full story. See the CPAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Corpay Business Description

Address 3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305
Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. The company offers payment and spend management solutions, including accounts payable automation, cross-border payments, commercial card programs, vehicle payment solutions, and lodging payment services. Its reportable segments are: Corporate Payments, Vehicle Payments, Lodging Payments and Other. The majority of the company's revenue is derived from the Vehicle Payments segment, which helps customers to pay for vehicle related expenses. Geographically, it derives the maximum revenue from the United States and the rest from Brazil, the United Kingdom and other countries.
95GF Score

Get the complete analysis for CPAY

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$397.76
Price
$424.65
GF Value