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Payments & Financial Infrastructure

Corpay Executive Compensation (FY25)

CPAY · Atlanta, GA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 12, 2026
375 figures on this page: 365 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Total compensation for Ronald Clarke, Chief Executive Officer and Chair of the Board of Directors, came to $3,406,867 in fiscal 2025, and the company reported a chief executive pay ratio of 65:1 for fiscal 2025, against median employee compensation of $52,527. Meanwhile, shareholders recorded 55.7% support for the say-on-pay proposal at the meeting held May 7, 2026 for fiscal 2025. Separately, the disclosed peer group names Automatic Data Processing, Inc., Broadridge Financial Solutions, Inc., Equifax Inc., Euronet Worldwide, Inc. and Fair Isaac Corporation, among others; the company reported 6 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
Ronald Clarke
Median of the other named officers
$5,639,172
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ronald Clarke: $28,050,998 → $3,406,867 (87.9% lower)
CEO pay ratio: 558:1 → 65:1 (88.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Corpay's chief executive and what were they paid?
Total compensation for Ronald Clarke, Chief Executive Officer and Chair of the Board of Directors, came to $3,406,867 in fiscal 2025. Clarke's total moved 87.9% lower from the $28,050,998 reported for fiscal 2024.
What was Corpay's say-on-pay result?
Shareholders recorded 55.7% support for the say-on-pay proposal at the meeting held May 7, 2026 for fiscal 2025.
Which companies are in Corpay's peer group?
The disclosed peer group names Automatic Data Processing, Inc., Broadridge Financial Solutions, Inc., Equifax Inc., Euronet Worldwide, Inc. and Fair Isaac Corporation, among others.
What is Corpay's chief executive pay ratio?
The company reported a chief executive pay ratio of 65:1 for fiscal 2025, against median employee compensation of $52,527.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan King
Group President, Global Fleet
◇—◇◇◇—◇◇
Armando L. Netto
Group President, Brazil
◇◇◇◇◇—◇◇
Charles Freund
Former Chief Financial Officer
Departed during or after this year
◇—◇◇——◇◇
Alexey Gavrilenya
Former Group President, North America Fuel
Departed during or after this year
◇—◇◇——◇◇
John Coughlin
Former Group President, Corporate Payments
Departed during or after this year
◇—◇◇——◇◇
Ronald F. Clarke
Chief Executive Officer and Chairman of the Board of Directors
◇———◇—◇◇
Alissa B. Vickery
Interim Chief Financial Officer and Chief Accounting Officer
Served on an interim basis
◇◇◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan King
Group President, International Vehicle Payments
◇—◇◇——◇◇
Armando Netto
Group President, Brazil Vehicle Payments and Strategic Transformation
◇—◇◇——◇◇
Tom Panther
Former Chief Financial Officer
◇—◇◇——◇◇
Ronald Clarke
Chief Executive Officer and Chair of the Board of Directors
◇—◇———◇◇
Alissa Vickery
Chief Accounting Officer and Former Interim Chief Financial Officer
Served on an interim basis
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ronald F. Clarke
Chief Executive Officer and Chair of the Board of Directors
◇—◇◇——◇◇
Armando L. Netto
Group President, Brazil and U.S. Vehicle Payments
◇—◇◇——◇◇
Tom Panther
Former Chief Financial Officer
Departed during or after this year
◇—◇◇——◇◇
Alan King
Group President, International Vehicle Payments
◇—◇◇——◇◇
Alissa B. Vickery
Interim Chief Financial Officer and Chief Accounting Officer
Served on an interim basis
◇—◇◇——◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan King
Group President, International Vehicle Payments
◇—◇◇——◇◇
Peter Walker
Chief Financial Officer
◇—◇◇——◇◇
Armando Netto
Group President, Brazil Vehicle Payments and Strategic Transformation
◇—◇◇——◇◇
Ronald Clarke
Chief Executive Officer and Chair of the Board of Directors
◇—◇———◇◇
Alissa Vickery
Chief Accounting Officer and Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇———◇◇
Tom Panther
Former Chief Financial Officer
Departed during or after this year
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alan KingOption——————◇
Alan KingRSU——————◇
Alan KingPSU◇—◇—◇—◇
Alan KingPSU◇—◇—◇—◇
Alan KingRSU◇——◇——◇
Alan KingPSU◇—◇—◇—◇
Alan KingOPTION◇————◇◇
Alan KingOPTION◇——◇—◇◇
Alan KingPSU◇—◇—◇—◇
Alan KingOPTION◇——◇—◇◇
Alissa B. VickeryPSU◇—◇—◇—◇
Alissa B. VickeryPSU◇—◇—◇—◇
Alissa B. VickeryRSU◇——◇——◇
Alissa VickeryRSU——————◇
Armando L. NettoPSU◇—◇—◇—◇
Armando L. NettoPSU◇—◇—◇—◇
Armando L. NettoPSU◇—◇—◇—◇
Armando L. NettoOPTION◇——◇—◇◇
Armando L. NettoRSU◇——◇——◇
Armando L. NettoRSU◇——◇——◇
Armando L. NettoPSU◇—◇—◇—◇
Peter WalkerRSU◇——◇——◇
Peter WalkerOPTION◇——◇—◇◇
Peter WalkerRSU◇——◇——◇
Peter WalkerRSU——————◇
Peter WalkerOption——————◇
Peter WalkerPSU◇—◇—◇—◇
Peter WalkerPSU◇—◇—◇—◇
Peter WalkerPSU◇—◇—◇—◇
Peter WalkerRSU◇——◇——◇
Peter WalkerOPTION◇——◇—◇◇
Ronald ClarkeRSU——————◇
Ronald F. ClarkePSU◇—◇—◇—◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Alissa VickeryPSU◇◇——
Option◇—◇2/14/2034
RSU◇◇——
Option◇—◇1/24/2032
RSU◇◇——
PSU◇◇——
Peter WalkerPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇7/15/2035
PSU◇◇——
RSU◇◇——
Ronald ClarkeRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Armando NettoPSU◇◇——
Option◇—◇1/23/2033
Option◇—◇1/24/2032
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/14/2035
PSU◇◇——
Option◇—◇2/14/2034
RSU◇◇——
PSU◇◇——
RSU◇◇——
Alan KingPSU◇◇——
Option◇—◇2/14/2034
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇1/23/2033
RSU◇◇——
Option◇—◇2/14/2035
Option◇—◇1/24/2032
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hala G. Moddelmog
◇◇————◇
Richard Macchia
◇◇————◇
Annabelle Bexiga
◇◇————◇
Joseph W. Farrelly
◇◇————◇
Steven T. Stull
Lead independent director
◇—◇———◇
Jeffrey S. Sloan
—◇————◇
Rahul Gupta
—◇————◇
Archie L. Jones, Jr
—◇————◇
Gerald C. Throop
—◇————◇
Archie L. Jones Jr
—◇————◇
Thomas M. Hagerty
——◇———◇
David L. Bunch and Ronald F. Clarke served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board equity retainer◇
Board chair premium◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Automatic Data Processing, Inc. ADP
  • Broadridge Financial Solutions, Inc. BR
  • Equifax Inc. EFX
  • Euronet Worldwide, Inc. EEFT
  • Fair Isaac Corporation FICO
  • Fidelity National Information Services, Inc. FIS
  • Fiserv, Inc. FISV
  • Global Payments Inc. GPN
  • Intuit Inc. INTU
  • Jack Henry Associates, Inc. JKHY
  • Mastercard Incorporated MA
  • Paychex, Inc. PAYX
  • Paycom Software, Inc. PAYC
  • SS C Technologies Holdings, Inc. SSNC
  • Wex, Inc. WEX

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024June 11, 2025=◇◇◇
2023June 6, 2024=◇◇◇
2022June 9, 2023=◇◇◇
2021June 9, 2022=◇◇◇
2020June 10, 2021=◇◇◇
2019June 11, 2020=◇◇◇
2018June 12, 2019=◇◇◇
2017June 6, 2018=◇◇◇
2016June 21, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Corpay disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Corpay sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Say-on-pay responsiveness
Corpay recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
375 figures on this page: 365 cited to the filing that reported them, 10 calculated from figures it prints.
365 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001175454-26-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001175454-26-000022
    2025 Director Compensation · 2025 Grants of Plan-Based Awards · CEO Pay Ratio · Grants of Plan-Based Awards · and 3 more sections
  3. 0001175454-25-000007
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001628280-25-021131
    Summary Compensation Table
  5. 0001628280-24-027820
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-022325
    Summary Compensation Table
  7. 0001628280-23-022245
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-23-020941
    2022 NAMED EXECUTIVE OFFICER COMPENSATION
  9. 0001628280-22-017144
  10. 0001175454-21-000031
  11. 0001175454-20-000025
  12. 0001175454-19-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001299933-18-000489
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001299933-17-000646
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Velarion, “Corpay executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CPAY (accessed 2026).
Short form: data: Velarion
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Payments & Financial Infrastructure rankings

Chief executive pay — Payments & Financial InfrastructureCEO pay ratio — Payments & Financial InfrastructureSay-on-pay support — Payments & Financial Infrastructure

Peers Corpay discloses

The companies named in CPAY's own disclosed peer group.

Automatic Data Processing, Inc.Broadridge Financial Solutions, Inc.Euronet Worldwide, Inc.Fair Isaac CorporationFidelity National Information Services, Inc.Global Payments Inc.Intuit Inc.Jack Henry Associates, Inc.Mastercard IncorporatedPaycom Software, Inc.SS C Technologies Holdings, Inc.Wex, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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