Accumulated Other Comprehensive Loss (AOCL)

9 Months Ended

Sep. 30, 2025

Accumulated Other Comprehensive Loss (AOCL)

The changes in the components of AOCL, net of tax and noncontrolling interest, for the nine months ended September 30, 2025 and 2024 are as follows (in thousands):


	September 30, 2025
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2024	$	(1,749,040)	$	35,044	$	(1,713,996)
Other comprehensive income (loss) before reclassifications	426,196		(154,961)		271,235
Amounts reclassified from AOCL	—		(12,239)		(12,239)
Tax effect	—		44,849		44,849
Other comprehensive income (loss), net of tax	426,196		(122,351)		303,845
Balance at September 30, 2025	$	(1,322,844)	$	(87,307)	$	(1,410,151)


	September 30, 2024
	Cumulative Foreign Currency Translation		Unrealized Gains (Losses) on Derivative Instruments		Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2023	$	(1,258,282)	$	(30,817)	$	(1,289,099)
Other comprehensive (loss) income before reclassifications	(120,204)		(31,461)		(151,665)
Amounts reclassified from AOCL	—		(38,100)		(38,100)
Tax effect	—		16,890		16,890
Other comprehensive (loss) income, net of tax	(120,204)		(52,671)		(172,875)
Balance at September 30, 2024	$	(1,378,486)	$	(83,488)	$	(1,461,974)

Income tax effects are released from accumulated other comprehensive loss to retained earnings, when applicable, on an individual item basis as those items are reclassified into income. Other comprehensive loss attributable to the Company's noncontrolling interest, which are not included in the tables above, for the nine months ended September 30, 2025 and 2024 consisted of foreign currency translation gains of $8.3 million and foreign currency translation losses of $2.6 million, respectively.