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WEX WEX Free cash flow margin

Free cash flow margin at other companies

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21.1%+0.6pp
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46.2%+0.8pp
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36.5%+9.3pp
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Expensify, Inc.EXFY
9.1%-9.7pp
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12.5%-1.5pp
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12%-19.5pp

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

Returns & leverage

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Return on equity30.2%+8.0pp
Debt / equity-1.6×
Current ratio0.0×

Where this comes from

Calculated from WEX’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
WEX (WEX) reported free cash flow margin of 3.9% in Q2 2026.
How has WEX's free cash flow margin changed year-over-year?
WEX's free cash flow margin decreased by 64.4% year-over-year, from 10.9% to 3.9%.
What is the long-term trend for WEX's free cash flow margin?
Over 4 years (2020 to 2025), WEX's free cash flow margin has grown at a -28.8% compound annual growth rate (CAGR), from 45.8% to 11.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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