AI Takeaway
CPAY delivered strong FY2025 revenue growth of 13.9% to $4.53B, with operating income rising 11.6% to $1.99B, though operating cash flow declined 22.7% and a significant balance sheet expansion (+47.1% total assets) reflects major acquisition activity.
Revenue
$4.53B
++13.93% YoY
EPS (Basic)
$15.23
++6.73% YoY
Operating Income
$1.99B
++11.58% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-K filing
CPAY grew total revenue by 13.9% year-over-year from $3.97B to $4.53B in FY2025, reflecting continued momentum in its corporate payments and fleet card businesses. This top-line growth outpaced many peers in the payments sector.
Source: Source: 10-K Income Statement (XBRL Financial Data)
Operating margin came in at 44.0% in FY2025, down modestly from 45.0% in the prior year, suggesting modest cost pressures or investment spending even as operating income grew 11.6% to $1.99B. The company continues to demonstrate strong operating leverage.
Source: Source: 10-K Income Statement & Key Ratios (XBRL Financial Data)
Total assets surged 47.1% to $26.4B from $17.96B, with current assets up 60.9% and long-term debt rising 25.1% to $10.0B. This dramatic expansion strongly suggests a large acquisition was completed during FY2025, funded by a combination of debt and other financing.
Source: Source: 10-K Balance Sheet (XBRL Financial Data)
2 more insights available
Upgrade to unlockLong-term debt increased 25.1% to $10.0B in FY2025, and the current ratio fell below 1.0 to 0.977, indicating current liabilities exceed current assets. This leverage profile increases CPAY's sensitivity to interest rate changes and could constrain financial flexibility if earnings growth slows.
Source: Source: 10-K Balance Sheet (XBRL Financial Data)
Unlock 4 more detailed risk analysis
Upgrade to unlockReported EPS of $6.04 versus the $6.06 analyst consensus — a -0.4% miss for FY2025.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $4.53B | $3.97B | +13.93% |
Operating Income | $1.99B | $1.79B | +11.58% |
Net Income | $1.07B | $1B | +6.56% |
EPS (Basic) | $15.23 | $14.27 | +6.73% |
EPS (Diluted) | $15.03 | $13.97 | +7.59% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $26.41B | $17.96B | +47.06% |
Current Assets | $13.96B | $8.68B | +60.94% |
Current Liabilities | $14.3B | $8.71B | +64.18% |
Stockholders' Equity | $3.88B | $3.12B | +24.39% |
Cash & Equivalents | $2.41B | $1.55B | +55.00% |
Long-Term Debt | $10B | $8B | +25.08% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $1.5B | $1.94B | -22.71% |
Investing Cash Flow | $1.23B | $-807.48M | +252.00% |
Financing Cash Flow | $1.56B | $404.99M | +285.63% |
Share Buybacks | $782.82M | $1.29B | -39.22% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | 44.0% | 45.0% | -0.93% |
Net Margin | 23.6% | — | — |
ROE | 27.5% | — | — |
ROA | 4.1% | — | — |
Current Ratio | $0.977 | — | — |
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CPAY delivered solid FY2025 results with revenue growing 13.9% to $4.53B and net income rising 6.6% to $1.07B. Diluted EPS increased 7.6% to $15.03, though operating cash flow declined 22.7% to $1.50B, which investors should monitor closely.
While the 10-K filing text is not available, the financial data strongly suggests a transformative acquisition occurred in FY2025, as total assets surged 47.1% to $26.4B and long-term debt rose 25.1% to $10.0B. The significant jump in both current assets and current liabilities is consistent with a large business combination being consolidated onto the balance sheet.
The most significant risks include elevated leverage with $10.0B in long-term debt and a current ratio below 1.0 at 0.977, potential acquisition integration challenges given the 47% asset base expansion, and the 22.7% decline in operating cash flow that could pressure debt service if it persists. Investors should watch for management commentary on integration progress and cash flow recovery.
CPAY remains highly profitable with a 44% operating margin and $1.07B in net income, and ROE of 27.5% reflects strong returns on equity. However, financial health metrics show some strain: the current ratio is below 1.0, long-term debt stands at $10.0B, and operating cash flow fell sharply, suggesting the balance sheet is more stretched than in prior years.
CPAY's revenue grew 13.9% year-over-year to $4.53B in FY2025, up from $3.97B in the prior year. This growth likely reflects organic expansion in its corporate payments and fleet solutions businesses, potentially supplemented by revenue contributions from an acquisition completed during the fiscal year.