What is WEX's goodwill?

WEX (WEX) reported goodwill of $3.02B in Q1 2026.

How has WEX's goodwill changed year-over-year?

WEX's goodwill increased by 1.1% year-over-year, from $2.99B to $3.02B.

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

Over 5 years (2020 to 2025), WEX's goodwill has grown at a 2.3% compound annual growth rate (CAGR), from $2.69B to $3.02B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

WEX WEX Goodwill

Goodwill at other companies

U.S. BancorpUSB

$12.63B+0.6%

CorpayCPAY

$7.34B+18.6%

HQY

HealthEquityHQY

$1.65B0.0%

Fidelity National Information ServicesFIS

$24.59B+41.9%

Global PaymentsGPN

$27.08B+2.5%

ACI WorldwideACIW

$1.23B+0.4%

Segments

By segment

See full

Mobility$1.55B+0.4%

Benefits$863.4M0.0%

Corporate Payments$800.5M+3.2%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$330.8M+31.3%

CapEx$37.5M+15.0%

Free cash flow-$368.3M+28.4%

Valuation

See full

Market cap$4.42B-13.8%

Enterprise value$8.42B-11.1%

P/E14.2×-2.0×

P/S1.6×-0.3×

Profitability

See full

Gross margin58.8%-1.3pp

Operating margin24.6%-1.4pp

Net margin11.5%-0.6pp

FCF margin17%+16.8pp

Returns & leverage

See full

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:Goodwill.

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 goodwill?: WEX (WEX) reported goodwill of $3.02B in Q1 2026.
How has WEX's goodwill changed year-over-year?: WEX's goodwill increased by 1.1% year-over-year, from $2.99B to $3.02B.
What is the long-term trend for WEX's goodwill?: Over 5 years (2020 to 2025), WEX's goodwill has grown at a 2.3% compound annual growth rate (CAGR), from $2.69B to $3.02B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.