What is WEX's income tax?

WEX (WEX) reported income tax of $30.8M in Q1 2026.

How has WEX's income tax changed year-over-year?

WEX's income tax increased by 6.6% year-over-year, from $28.9M to $30.8M.

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

Over 4 years (2021 to 2025), WEX's income tax has grown at a 14.4% compound annual growth rate (CAGR), from $67.8M to $116.1M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

WEX WEX Income Tax

Income Tax at other companies

U.S. BancorpUSB

$469M+5.9%

CorpayCPAY

$151.3M+80.9%

HQY

HealthEquityHQY

$23M+35.0%

Fidelity National Information ServicesFIS

$106M+30.9%

Global PaymentsGPN

-$11.84M-127%

ACI WorldwideACIW

$12.12M-5.1%

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%

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

Reported directly by WEX in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

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 income tax?: WEX (WEX) reported income tax of $30.8M in Q1 2026.
How has WEX's income tax changed year-over-year?: WEX's income tax increased by 6.6% year-over-year, from $28.9M to $30.8M.
What is the long-term trend for WEX's income tax?: Over 4 years (2021 to 2025), WEX's income tax has grown at a 14.4% compound annual growth rate (CAGR), from $67.8M to $116.1M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.