CPAY vs. AFRM

Last updated Apr 1, 2026

Compare and contrast key facts about Corpay, Inc. (CPAY) and Affirm Holdings, Inc. (AFRM).

Performance

CPAY vs. AFRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Corpay, Inc. (CPAY) and Affirm Holdings, Inc. (AFRM). The values are adjusted to include any dividend payments, if applicable.

CPAY vs. AFRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CPAY Corpay, Inc.	-3.30%	-11.08%	19.75%	53.86%	-17.94%	-18.82%
AFRM Affirm Holdings, Inc.	-38.44%	22.22%	23.93%	408.17%	-90.38%	3.41%

Fundamentals

Market Cap CPAY : $20.41B AFRM : $16.01B
EPS CPAY : $15.09 AFRM : $0.81
PE Ratio CPAY : 19.28 AFRM : 56.27
PS Ratio CPAY : 4.56 AFRM : 5.44
PB Ratio CPAY : 5.25 AFRM : 4.51
Total Revenue (TTM) CPAY : $4.53B AFRM : $2.92B
Gross Profit (TTM) CPAY : $2.48B AFRM : $1.74B
EBITDA (TTM) CPAY : $2.34B AFRM : $789.93M

Returns By Period

In the year-to-date period, CPAY achieves a -3.30% return, which is significantly higher than AFRM's -38.44% return.

CPAY

• 1D: 0.22%
• 1M: -10.49%
• YTD: -3.30%
• 6M: 1.02%
• 1Y: -16.55%
• 3Y*: 11.34%
• 5Y*: 0.81%
• 10Y*: 6.95%

AFRM

• 1D: 6.48%
• 1M: -2.47%
• YTD: -38.44%
• 6M: -37.30%
• 1Y: 1.39%
• 3Y*: 59.60%
• 5Y*: -8.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CPAY vs. AFRM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPAY

CPAY Risk / Return Rank: 22
CPAY Sharpe Ratio Rank: 23
CPAY Sortino Ratio Rank: 23
CPAY Omega Ratio Rank: 23
CPAY Calmar Ratio Rank: 23
CPAY Martin Ratio Rank: 20

AFRM

AFRM Risk / Return Rank: 43
AFRM Sharpe Ratio Rank: 42
AFRM Sortino Ratio Rank: 44
AFRM Omega Ratio Rank: 43
AFRM Calmar Ratio Rank: 42
AFRM Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPAY vs. AFRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corpay, Inc. (CPAY) and Affirm Holdings, Inc. (AFRM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CPAY	AFRM	Difference
Sharpe ratio Return per unit of total volatility	-0.40	0.02	-0.42
Sortino ratio Return per unit of downside risk	-0.33	0.54	-0.87
Omega ratio Gain probability vs. loss probability	0.96	1.07	-0.11
Calmar ratio Return relative to maximum drawdown	-0.56	-0.02	-0.54
Martin ratio Return relative to average drawdown	-1.16	-0.04	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPAY vs. AFRM - Sharpe Ratio Comparison

The current CPAY Sharpe Ratio is -0.40, which is lower than the AFRM Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of CPAY and AFRM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CPAY	AFRM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	0.02	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	-0.09	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	-0.14	+0.68

Correlation

The correlation between CPAY and AFRM is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CPAY vs. AFRM - Dividend Comparison

Neither CPAY nor AFRM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CPAY vs. AFRM - Drawdown Comparison

The maximum CPAY drawdown since its inception was -50.13%, smaller than the maximum AFRM drawdown of -94.71%. Use the drawdown chart below to compare losses from any high point for CPAY and AFRM.

Drawdown Indicators

	CPAY	AFRM	Difference
Max Drawdown Largest peak-to-trough decline	-50.13%	-94.71%	+44.58%
Max Drawdown (1Y) Largest decline over 1 year	-28.87%	-53.86%	+24.99%
Max Drawdown (5Y) Largest decline over 5 years	-44.11%	-94.71%	+50.60%
Max Drawdown (10Y) Largest decline over 10 years	-50.13%	—	—
Current Drawdown Current decline from peak	-25.30%	-72.81%	+47.51%
Average Drawdown Average peak-to-trough decline	-13.30%	-68.94%	+55.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.81%	23.21%	-9.40%

Volatility

CPAY vs. AFRM - Volatility Comparison

The current volatility for Corpay, Inc. (CPAY) is 9.51%, while Affirm Holdings, Inc. (AFRM) has a volatility of 17.61%. This indicates that CPAY experiences smaller price fluctuations and is considered to be less risky than AFRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPAY	AFRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	17.61%	-8.10%
Volatility (6M) Calculated over the trailing 6-month period	28.51%	44.04%	-15.53%
Volatility (1Y) Calculated over the trailing 1-year period	41.30%	70.18%	-28.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.63%	96.66%	-65.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.54%	96.58%	-64.04%

Financials

CPAY vs. AFRM - Profitability Comparison

The chart below illustrates the profitability comparison between Corpay, Inc. and Affirm Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CPAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Corpay, Inc. reported a gross profit of 0.00 and revenue of 1.25B. Therefore, the gross margin over that period was 0.0%.

AFRM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Affirm Holdings, Inc. reported a gross profit of 0.00 and revenue of 328.38M. Therefore, the gross margin over that period was 0.0%.

CPAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Corpay, Inc. reported an operating income of 564.47M and revenue of 1.25B, resulting in an operating margin of 45.2%.

AFRM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Affirm Holdings, Inc. reported an operating income of 117.63M and revenue of 328.38M, resulting in an operating margin of 35.8%.

CPAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Corpay, Inc. reported a net income of 264.48M and revenue of 1.25B, resulting in a net margin of 21.2%.

AFRM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Affirm Holdings, Inc. reported a net income of 129.59M and revenue of 328.38M, resulting in a net margin of 39.5%.