What is WEX's deferred revenue?

WEX (WEX) reported deferred revenue of $78.6M in Q1 2026.

How has WEX's deferred revenue changed year-over-year?

WEX's deferred revenue decreased by 2.4% year-over-year, from $80.5M to $78.6M.

What is the long-term trend for WEX's deferred revenue?

Over 3 years (2020 to 2023), WEX's deferred revenue has grown at a -76.1% compound annual growth rate (CAGR), from $911.4M to $12.4M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

WEX WEX Deferred Revenue

Deferred Revenue at other companies

CorpayCPAY

$7.85B+143%

HQY

HealthEquityHQY

$5M-65.3%

Fidelity National Information ServicesFIS

$1.08B+12.4%

ACI WorldwideACIW

$79.34M+9.5%

Paycom SoftwarePAYC

$121.7M+2.7%

Henry (Jack) & AssociatesJKHY

$129M-10.6%

Other financials

Income statement

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Revenue$673.8M+5.8%

Gross profit$393.7M+7.4%

Operating income$158.2M+0.6%

Net income$77.7M+8.7%

EPS (diluted)$2.22+22.7%

Balance sheet

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Cash & equivalents$1.2B-2.9%

Total debt$5.2B-6.2%

Total equity$1.3B+57.3%

Total assets$15.4B+10.5%

Cash flow

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Operating cash flow-$330.8M+31.3%

CapEx$37.5M+15.0%

Free cash flow-$368.3M+28.4%

Valuation

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Market cap$4.42B-13.8%

Profitability

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Gross margin58.8%-1.3pp

Operating margin24.6%-1.4pp

Net margin11.5%-0.6pp

FCF margin17%+16.8pp

Returns & leverage

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Return on equity29.8%+5.4pp

Debt / equity4.1×-2.8×

Current ratio1×0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The official record: WEX’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is WEX's deferred revenue?: WEX (WEX) reported deferred revenue of $78.6M in Q1 2026.
How has WEX's deferred revenue changed year-over-year?: WEX's deferred revenue decreased by 2.4% year-over-year, from $80.5M to $78.6M.
What is the long-term trend for WEX's deferred revenue?: Over 3 years (2020 to 2023), WEX's deferred revenue has grown at a -76.1% compound annual growth rate (CAGR), from $911.4M to $12.4M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.