What is WEX's net debt / EBITDA?

WEX (WEX) reported net debt / EBITDA of 4× in Q1 2026.

How has WEX's net debt / EBITDA changed year-over-year?

WEX's net debt / EBITDA decreased by 6.5% year-over-year, from 4.3× to 4×.

What is the long-term trend for WEX's net debt / EBITDA?

Over 5 years (2020 to 2025), WEX's net debt / EBITDA has grown at a -20.9% compound annual growth rate (CAGR), from 10.6× to 3.3×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

WEX WEX Net debt / EBITDA

Net debt / EBITDA at other companies

U.S. BancorpUSB

1.2×+0.1×

CorpayCPAY

3×-0.1×

HQY

HealthEquityHQY

1.4×-0.8×

Fidelity National Information ServicesFIS

5.2×+2.6×

Global PaymentsGPN

5.2×+1.7×

ACI WorldwideACIW

1.4×+0.3×

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

Calculated from WEX’s reported figures.

net debt/ebitda=4×

Based on the most recent quarter.

The official record: WEX’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

Ask your AI about WEX's net debt / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is WEX's net debt / EBITDA?: WEX (WEX) reported net debt / EBITDA of 4× in Q1 2026.
How has WEX's net debt / EBITDA changed year-over-year?: WEX's net debt / EBITDA decreased by 6.5% year-over-year, from 4.3× to 4×.
What is the long-term trend for WEX's net debt / EBITDA?: Over 5 years (2020 to 2025), WEX's net debt / EBITDA has grown at a -20.9% compound annual growth rate (CAGR), from 10.6× to 3.3×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.