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WEX WEX Q4 2025 Annual earnings

Reported February 4, 2026 · After market close

Revenue estimate$660.7M
EPS estimate$3.91

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$738.1M
EPS estimate$5.06

Financials

Q4 2025

Income statement

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Revenue$672.9M+5.7%
Gross profit$389.3M+2.7%
Operating income$166.3M+5.7%
Net income$84.3M+31.9%
EPS (diluted)$2.40+49.1%

Balance sheet

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Cash & equivalents$1.7B+16.8%
Total debt$4.9B+10.7%
Total equity$1.2B-17.1%
Total assets$14.4B+8.1%

Cash flow

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Operating cash flow$294.7M-53.8%
CapEx$38.4M-0.8%
Free cash flow$256.3M-57.3%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$5.11B-26.8%
Enterprise value$8.35B-16.3%
P/E16.8×-5.7×
P/S1.9×-0.7×

Profitability

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Gross margin58.6%-1.9pp
Operating margin25%-1.2pp
Net margin11.4%-0.3pp
FCF margin11.8%-0.9pp

Returns & leverage

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Return on equity22.3%+3.6pp
Debt / equity+1.0×
Current ratio0.0×

Segments

By segment

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Mobility$345.2M0.0%
Benefits$204.9M+9.6%
Corporate Payments$122.9M+17.8%

By product

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Payment processing revenue$284.0M+5.1%
Account servicing revenue$183.7M+5.5%
Finance fee revenue$82.0M+3.0%

Versus estimates

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Questions, answered.

When did WEX report Q4 2025 earnings?
WEX (WEX) reported Q4 2025 earnings on February 4, 2026 after market close.
What were WEX's Q4 2025 revenue and EPS?
WEX reported revenue of $672.9M and diluted EPS of $4.11 for Q4 2025.
Did WEX beat estimates in Q4 2025?
Revenue beat the consensus estimate of $660.7M by $12.2M. EPS beat the consensus estimate of $3.91 by $0.20.
How did WEX's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.7% from $636.5M a year earlier and diluted EPS grew 15.1% from $3.57.
Where can I find WEX's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001309108-26-000005) and the 10-K periodic report (0001309108-26-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.