WEX WEX Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Benefits | $216.2M+5.5% | $204.9M+3.4% | $198.1M+1.5% | $195.1M-2.1% | $199.3M+6.6% | |
| Corporate Payments | $113M-8.1% | $122.9M-7.5% | $132.8M+12.3% | $118.3M+14.3% | $103.5M-0.8% | |
| Mobility | $344.6M-0.2% | $345.2M-4.3% | $360.8M+4.2% | $346.2M+3.7% | $333.8M-3.3% | |
| Non-Topic 606 revenues by Business | ||||||
| Benefits | $55.9M+7.7% | $51.9M+4.6% | $49.6M+1.0% | $49.1M+7.2% | $45.8M0.0% | |
| Corporate Payments | $3.8M-2.6% | $3.9M-17.0% | $4.7M-9.6% | $5.2M+15.6% | $4.5M+2.3% | |
| Mobility | $151.9M-0.1% | $152M-2.5% | $155.9M+3.4% | $150.8M+6.2% | $142M-2.9% | |
| Segment adjusted operating income by Business | ||||||
| Benefits | $100.2M+20.6% | $83.1M-4.2% | $86.7M+2.1% | $84.9M-2.3% | $86.9M+11.4% | |
| Corporate Payments | $44.1M-26.0% | $59.6M-6.6% | $63.8M+29.1% | $49.4M+22.0% | $40.5M-11.4% | |
| Mobility | $124.5M-3.4% | $128.9M-12.1% | $146.7M+9.4% | $134.1M+2.1% | $131.4M-10.1% | |
| Other by Business | ||||||
| Benefits | $0-100% | $100K— | $0— | $0— | $0— | |
| Corporate Payments | $0— | $0— | $0— | $0— | $0— | |
| Mobility | $4.6M-25.8% | $6.2M+26.5% | $4.9M-3.9% | $5.1M+10.9% | $4.6M-11.5% | |
| Other segment items by Business | ||||||
| Benefits | $10.4M— | —— | $9.4M-7.8% | $10.2M+13.3% | $9M-28.6% | |
| Corporate Payments | $8.9M— | —— | $9.1M-55.8% | $20.6M+134% | $8.8M-64.9% | |
| Mobility | $15.5M— | —— | $16.3M+5.8% | $15.4M+3.4% | $14.9M+2.8% | |
| Interest Income by Business | ||||||
| Benefits | $55.9M+7.9% | $51.8M+0.4% | $51.6M+7.1% | $48.2M+8.1% | $44.6M+0.5% | |
| Corporate Payments | $2.7M-3.6% | $2.8M-17.6% | $3.4M-8.1% | $3.7M+19.4% | $3.1M0.0% | |
| Mobility | $5M+51.5% | $3.3M-15.4% | $3.9M-20.4% | $4.9M+58.1% | $3.1M0.0% | |
| Sales and marketing expense, adjusted by Business | ||||||
| Benefits | $13.9M+1.5% | $13.7M+1.5% | $13.5M-7.5% | $14.6M+15.9% | $12.6M+2.4% | |
| Corporate Payments | $21.3M+12.7% | $18.9M+1.1% | $18.7M+5.6% | $17.7M+7.3% | $16.5M+5.8% | |
| Mobility | $62.9M-2.0% | $64.2M+7.9% | $59.5M-0.3% | $59.7M+4.9% | $56.9M+16.6% | |
| Service fees by Business | ||||||
| Benefits | $19.8M-1.5% | $20.1M+12.9% | $17.8M-5.8% | $18.9M-9.6% | $20.9M+18.8% | |
| Corporate Payments | $2.5M-3.8% | $2.6M-13.3% | $3M+36.4% | $2.2M-24.1% | $2.9M+45.0% | |
| Mobility | $1.8M+5.9% | $1.7M0.0% | $1.7M-22.7% | $2.2M+15.8% | $1.9M+11.8% | |
| General and administrative expense, adjusted by Business | ||||||
| Benefits | $6.5M+22.6% | $5.3M-3.6% | $5.5M+5.8% | $5.2M-3.7% | $5.4M-6.9% | |
| Corporate Payments | $10.5M+1.9% | $10.3M+2.0% | $10.1M0.0% | $10.1M+1.0% | $10M-25.9% | |
| Mobility | $24.2M+3.0% | $23.5M-8.2% | $25.6M+2.8% | $24.9M0.0% | $24.9M-9.1% | |
| Operating interest by Business | ||||||
| Benefits | $1.4M0.0% | $1.4M+7.7% | $1.3M0.0% | $1.3M+8.3% | $1.2M0.0% | |
| Corporate Payments | $3.6M-21.7% | $4.6M-19.3% | $5.7M+9.6% | $5.2M+23.8% | $4.2M+223% | |
| Mobility | $18.7M-11.0% | $21M-5.4% | $22.2M0.0% | $22.2M+18.7% | $18.7M-22.1% | |
| Processing costs, adjusted by Business | ||||||
| Benefits | $64.5M-9.2% | $71M+12.0% | $63.4M+3.4% | $61.3M-4.8% | $64.4M+0.3% | |
| Corporate Payments | $17.8M+6.0% | $16.8M-4.0% | $17.5M-3.8% | $18.2M+4.0% | $17.5M+7.4% | |
| Mobility | $71.4M-0.4% | $71.7M-2.7% | $73.7M+1.7% | $72.5M+2.0% | $71.1M+3.2% | |
| Accounts Receivable, Allowance for Credit Loss, Writeoff by Business | ||||||
| Benefits | $100K0.0% | $100K-98.0% | $5.1M+1,175% | $400K— | $0-100% | |
| Corporate Payments | $5.4M+440% | $1M-50.0% | $2M+122% | $900K-43.8% | $1.6M+100% | |
| Mobility | $27.3M+11.9% | $24.4M+3.4% | $23.6M+4.9% | $22.5M-6.3% | $24M+2.1% | |
| Accounts Receivable, Allowance for Credit Loss by Business | ||||||
| Benefits | $1.3M-35.0% | $2M+17.6% | $1.7M-72.1% | $6.1M-9.0% | $6.7M-13.0% | |
| Corporate Payments | $22.9M-5.4% | $24.2M+0.8% | $24M+12.7% | $21.3M+43.0% | $14.9M+12.9% | |
| Mobility | $63.6M+9.5% | $58.1M+5.4% | $55.1M-2.0% | $56.2M+4.3% | $53.9M-4.8% | |
| Currency translation by Business | ||||||
| Benefits | $0— | $0— | $0— | $0— | $0— | |
| Corporate Payments | -$200K— | $0+100% | -$100K-114% | $700K+133% | $300K+160% | |
| Mobility | -$100K— | $0— | $0-100% | $500K+150% | $200K+133% | |
| Depreciation by Business | ||||||
| Benefits | $10.4M+3.0% | $10.1M+7.4% | $9.4M+2.2% | $9.2M+2.2% | $9M+5.9% | |
| Corporate Payments | $8.9M0.0% | $8.9M-2.2% | $9.1M+1.1% | $9M+2.3% | $8.8M+15.8% | |
| Mobility | $15.5M+2.6% | $15.1M-7.4% | $16.3M+5.8% | $15.4M+3.4% | $14.9M+2.8% | |
| Recoveries of amounts previously charged-off by Business | ||||||
| Benefits | $0-100% | $100K-50.0% | $200K— | $0— | $0-100% | |
| Corporate Payments | $100K— | $0— | $0— | $0— | $0— | |
| Mobility | $2.7M+28.6% | $2.1M-12.5% | $2.4M-40.0% | $4M+60.0% | $2.5M+78.6% | |
| Provision for Credit Losses by Business | ||||||
| Benefits | -$600K— | —— | $500K+350% | -$200K+80.0% | -$1M-66.7% | |
| Corporate Payments | $4.3M+231% | $1.3M-72.9% | $4.8M-25.0% | $6.4M+113% | $3M+25.0% | |
| Mobility | $25.6M+34.7% | $19M+25.8% | $15.1M-1.9% | $15.4M+10.8% | $13.9M+0.7% | |
| Total revenues (revenues from external customers) by Product | ||||||
| Account servicing revenue | $182.5M-0.7% | $183.7M-0.9% | $185.3M+4.2% | $177.9M-0.7% | $179.1M+2.9% | |
| Finance fee revenue | $80.1M-2.3% | $82M-1.4% | $83.2M+3.5% | $80.4M+6.2% | $75.7M-4.9% | |
| Payment processing revenue | $284.2M+0.1% | $284M-5.9% | $301.7M+5.8% | $285.2M+4.9% | $271.8M+0.6% | |
| Performance obligations expected to be satisfied by Product | ||||||
| Minimum monthly fees | $114M— | —— | $100.2M-7.5% | $108.3M-4.7% | $113.6M— | |
| Other revenue | $124.8M— | —— | $140.3M+27.3% | $110.2M-4.9% | $115.9M— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does WEX break its business down?
- WEX (WEX) reports revenue from contract with customer, excluding assessed tax by business across 3 parts — Benefits, Corporate Payments and Mobility. Each is extracted from the segment footnotes and tracked over time.
- Where does WEX's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in WEX's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.