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WEX WEX Service fees

Service fees at other companies

Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
$162.29M+37.1%
Wayfair logo
WayfairW
$114M+6.5%
Sezzle logo
SezzleSEZL
$18.52M+20.9%
BGC Group, Inc. logo
BGC Group, Inc.BGC
$8.07M-3.3%
Markel logo
MarkelMKL
$628.78M+10.8%
First Horizon logo
First HorizonFHN
$16M+33.3%

Segments

By segment

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Benefits$19.8M-5.3%
Corporate Payments$2.5M-13.8%
Mobility$1.8M-5.3%

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 ratio0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept wex:ServiceFees.

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 service fees?
WEX (WEX) reported service fees of $24.2M in Q1 2026.
How has WEX's service fees changed year-over-year?
WEX's service fees decreased by 5.8% year-over-year, from $25.7M to $24.2M.
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.