Only if you tick «Renew automatically at this price when the pass ends» when you buy it. Otherwise it is one payment, and there is nothing to cancel.
A pass that renews is charged again at the same price when each period ends, and each renewal starts where your time ends. Stop it any time on your purchases page in your account: the pass you paid for runs to its end, and nothing more is charged. Until then you can keep it renewing. A pass that renews in the App Store is stopped in iOS Settings, under your name, Subscriptions. One that renews on Google Play is stopped in the Play Store app: your profile, Payments and subscriptions.
Your purchases in your account show until when your pass runs.