• Corpay average pre-tax profit margin for 2023 was 35.21%, a 8.09% decline from 2022.
• Corpay average pre-tax profit margin for 2022 was 38.31%, a 4.39% decline from 2021.
• Corpay average pre-tax profit margin for 2021 was 40.07%, a 6.77% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.