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WEX WEX Debt-to-equity

Debt-to-equity at other companies

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U.S. BancorpUSB
1.4×+0.1×
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0.3×+0.3×
Corpay logo
CorpayCPAY
2.3×+0.3×
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HealthEquityHQY
0.5×0.0×
TFI
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0.0×
Expensify, Inc. logo
Expensify, Inc.EXFY
0.0×

Other financials

Income statement

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Revenue$753.5M+14.2%
Gross profit$463.8M+19.9%
Operating income$203.2M+29.6%
Net income$108.5M+59.3%
EPS (diluted)$3.11+57.1%

Balance sheet

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Cash & equivalents$1.8B+15.8%
Total debt$5.4B-1.6%
Total equity$1.3B+37.4%
Total assets$16.5B+12.4%

Cash flow

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Operating cash flow-$77.6M-129%
CapEx$43.5M+25.7%
Free cash flow-$121.1M-153%

Valuation

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Market cap$6.42B+9.6%
Enterprise value$10B+2.5%
P/E18.3×-0.8×
P/S2.3×0.0×

Profitability

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Gross margin59.6%0.0pp
Operating margin25.5%-0.2pp
Net margin12.6%+0.8pp
FCF margin3.9%-7.0pp

Returns & leverage

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Return on equity30.2%+8.0pp
Current ratio0.0×

Where this comes from

Calculated from WEX’s reported figures.

Based on the most recent quarter.

The source filing: WEX’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 1:48 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001309108-26-000029

FAQ

What is WEX's debt-to-equity?
WEX (WEX) reported debt-to-equity of 4× in Q2 2026.
How has WEX's debt-to-equity changed year-over-year?
WEX's debt-to-equity decreased by 28.3% year-over-year, from 5.6× to 4×.
What is the long-term trend for WEX's debt-to-equity?
Over 5 years (2020 to 2025), WEX's debt-to-equity has grown at a 19.4% compound annual growth rate (CAGR), from 1.6× to 4×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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