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WEX WEX Goodwill

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Segments

By segment

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Mobility$1.55B+0.4%
Benefits$863.4M0.0%
Corporate Payments$800.5M+3.2%

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$6.46B+9.6%
Enterprise value$10.04B+2.5%
P/E18.4×-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
Debt / equity-1.6×
Current ratio0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

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

Filed
Jul 23, 2026, 1:48 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001309108-26-000029
Line itemJune 30,2026December 31,2025
Prepaid expenses and other current assets174.7215.4
Total current assets11,805.79,713.0
Property, equipment and capitalized software (net of accumulated depreciation of $785.2 in 2026 and $713.0 in 2025)258.9253.7
Goodwill3,022.63,015.3
Other intangible assets (net of accumulated amortization of $1,820.1 in 2026 and $1,730.0 in 2025)1,054.01,088.2
Investment securities106.894.2
Deferred income taxes, net16.816.9
Other assets233.9218.2

Item 1. Financial Statements.

FAQ

What is WEX's goodwill?
WEX (WEX) reported goodwill of $3.02B in Q2 2026.
How has WEX's goodwill changed year-over-year?
WEX's goodwill increased by 0.4% year-over-year, from $3.01B 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.

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