What is WEX's gross profit?

WEX (WEX) reported gross profit of $393.7M in Q1 2026.

How has WEX's gross profit changed year-over-year?

WEX's gross profit increased by 7.4% year-over-year, from $366.6M to $393.7M.

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

Over 4 years (2021 to 2025), WEX's gross profit has grown at a 8.0% compound annual growth rate (CAGR), from $1.15B to $1.56B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

WEX WEX Gross Profit

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Other financials

Income statement

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Revenue$673.8M+5.8%

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%

Enterprise value$8.42B-11.1%

P/E14.2×-2.0×

P/S1.6×-0.3×

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

Calculated from WEX’s reported figures.

$673.8Mtotal revenue−$280.1Mtotal cost of revenue=$393.7M

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 gross profit?: WEX (WEX) reported gross profit of $393.7M in Q1 2026.
How has WEX's gross profit changed year-over-year?: WEX's gross profit increased by 7.4% year-over-year, from $366.6M to $393.7M.
What is the long-term trend for WEX's gross profit?: Over 4 years (2021 to 2025), WEX's gross profit has grown at a 8.0% compound annual growth rate (CAGR), from $1.15B to $1.56B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.