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WEX WEX Q2 2025 earnings

Reported July 23, 2025 · After market close

Revenue$659.6MMiss by $8.2M
EPS$3.95Beat by $0.26
Revenue estimate$667.8M
EPS estimate$3.69

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$744.4M
EPS estimate$5.60

Financials

Q2 2025

Income statement

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Revenue$659.6M-2.1%
Gross profit$386.9M-5.6%
Operating income$156.8M-6.7%
Net income$68.1M-11.6%
EPS (diluted)$1.98+8.2%

Balance sheet

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Cash & equivalents$1.5B-13.9%
Total debt$5.4B+29.3%
Total equity$978.7M-45.1%
Total assets$14.7B+3.0%

Cash flow

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Operating cash flow$264.6M+3,880%
CapEx$34.6M-12.6%
Free cash flow$230.0M+594%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$4.95B-33.2%
Enterprise value$8.86B-9.9%
P/E16.1×-13.9×
P/S1.9×-0.9×

Profitability

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Gross margin59.6%-1.7pp
Operating margin25.7%+0.5pp
Net margin11.8%+2.5pp
FCF margin10.9%-7.9pp

Returns & leverage

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Return on equity22.2%+8.3pp
Debt / equity5.6×+3.2×
Current ratio1×0.0×

Segments

By segment

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Mobility$346.2M-3.7%
Benefits$195.1M+8.5%
Corporate Payments$118.3M-11.8%

By product

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Payment processing revenue$285.2M-10.4%
Account servicing revenue$177.9M+5.5%
Finance fee revenue$80.4M+3.3%

By geography

See full
United States$583.9M+2.0%

FAQ

When did WEX report Q2 2025 earnings?
WEX (WEX) reported Q2 2025 earnings on July 23, 2025 after market close.
What were WEX's Q2 2025 revenue and EPS?
WEX reported revenue of $659.6M and eps of $3.95 for Q2 2025.
Did WEX beat estimates in Q2 2025?
Revenue missed the consensus estimate of $667.8M by $8.2M. EPS beat the consensus estimate of $3.69 by $0.26.
How did WEX's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.1% from $673.5M a year earlier and eps grew 1.0% from $3.91.
Where can I find WEX's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001309108-25-000171) and the 10-Q periodic report (0001309108-25-000174) directly on SEC EDGAR. The filing index links above go to sec.gov.