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WEX WEX Service fees

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Segments

By segment

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Benefits$20.5M+8.5%
Mobility$1.8M-18.2%
Corporate Payments$1.5M-31.8%

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 wex:ServiceFees.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenues753.5659.61,427.41,296.1
Cost of services
Processing costs161.0161.4325.9328.8
Service fees23.823.348.048.9
Provision for credit losses33.021.562.337.4
Operating interest32.628.756.352.8
Depreciation and amortization39.437.977.274.7
Total cost of services289.7272.7569.8542.6

Item 1. Financial Statements.

FAQ

What is WEX's service fees?
WEX (WEX) reported service fees of $23.8M in Q2 2026.
How has WEX's service fees changed year-over-year?
WEX's service fees increased by 2.1% year-over-year, from $23.3M to $23.8M.
What is the long-term trend for WEX's service fees?
Over 4 years (2021 to 2025), WEX's service fees has grown at a 16.1% compound annual growth rate (CAGR), from $52.8M to $96M.
What does service fees mean?
This represents the costs associated with third-party service providers, transaction processing fees, or administrative service charges necessary to maintain business operations. It reflects the overhead required to support the company's payment platforms and service delivery infrastructure. Tracking this provides insight into the cost structure of supporting service-based revenue streams.

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