WEX WEX Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Benefits | $814.3M+2.1% | $797.4M+2.3% | $779.5M+2.2% | $762.9M+2.0% | $747.6M+1.1% | |
| Corporate Payments | $487M+2.0% | $477.5M+4.1% | $458.9M+1.3% | $453M-3.4% | $468.8M-3.9% | |
| Mobility | $1.4B+0.8% | $1.39B0.0% | $1.39B+0.3% | $1.38B-1.0% | $1.4B-0.4% | |
| Non-Topic 606 revenues by Business | ||||||
| Benefits | $206.5M+5.1% | $196.4M+3.2% | $190.3M+4.3% | $182.4M+4.8% | $174.1M+4.4% | |
| Corporate Payments | $17.6M-3.8% | $18.3M-2.7% | $18.8M-9.2% | $20.7M-10.0% | $23M-17.6% | |
| Mobility | $610.6M+1.6% | $600.7M+1.0% | $594.9M+3.1% | $577.1M+0.8% | $572.8M+1.1% | |
| Segment adjusted operating income by Business | ||||||
| Benefits | $354.9M+3.9% | $341.6M+1.5% | $336.5M+2.5% | $328.2M— | —— | |
| Corporate Payments | $216.9M+1.7% | $213.3M+7.0% | $199.4M-3.7% | $207.1M— | —— | |
| Mobility | $534.2M-1.3% | $541.1M-3.1% | $558.3M-3.5% | $578.7M— | —— | |
| Other by Business | ||||||
| Benefits | $100K0.0% | $100K— | $0— | $0— | $0— | |
| Corporate Payments | $0— | $0— | $0— | $0— | $0— | |
| Mobility | $20.8M0.0% | $20.8M+5.1% | $19.8M-1.5% | $20.1M+11.7% | $18M-12.2% | |
| Interest Income by Business | ||||||
| Benefits | $207.5M+5.8% | $196.2M+3.9% | $188.8M+5.8% | $178.5M+4.8% | $170.3M+4.3% | |
| Corporate Payments | $12.6M-3.1% | $13M-2.3% | $13.3M-11.3% | $15M-15.3% | $17.7M-22.0% | |
| Mobility | $17.1M+12.5% | $15.2M+1.3% | $15M+6.4% | $14.1M+15.6% | $12.2M-9.6% | |
| Sales and marketing expense, adjusted by Business | ||||||
| Benefits | $55.7M+2.4% | $54.4M+2.6% | $53M+3.7% | $51.1M-2.9% | $52.6M-1.5% | |
| Corporate Payments | $76.6M+6.7% | $71.8M+4.8% | $68.5M+7.2% | $63.9M+6.0% | $60.3M+6.0% | |
| Mobility | $246.3M+2.5% | $240.3M+6.8% | $224.9M+4.6% | $215M+1.8% | $211.2M+1.3% | |
| Service fees by Business | ||||||
| Benefits | $76.6M-1.4% | $77.7M+3.3% | $75.2M+2.5% | $73.4M+4.9% | $70M+7.9% | |
| Corporate Payments | $10.3M-3.7% | $10.7M+5.9% | $10.1M+3.1% | $9.8M-11.7% | $11.1M-5.1% | |
| Mobility | $7.4M-1.3% | $7.5M0.0% | $7.5M-2.6% | $7.7M+4.1% | $7.4M+2.8% | |
| General and administrative expense, adjusted by Business | ||||||
| Benefits | $22.5M+5.1% | $21.4M-2.3% | $21.9M-2.2% | $22.4M-3.4% | $23.2M-9.4% | |
| Corporate Payments | $41M+1.2% | $40.5M-7.3% | $43.7M-1.6% | $44.4M-3.5% | $46M-4.2% | |
| Mobility | $98.2M-0.7% | $98.9M-3.8% | $102.8M+3.5% | $99.3M-2.3% | $101.6M-2.5% | |
| Operating interest by Business | ||||||
| Benefits | $5.4M+3.8% | $5.2M+4.0% | $5M+2.0% | $4.9M— | —— | |
| Corporate Payments | $19.1M-3.0% | $19.7M+20.1% | $16.4M+27.1% | $12.9M— | —— | |
| Mobility | $84.1M0.0% | $84.1M-3.4% | $87.1M-3.0% | $89.8M— | —— | |
| Processing costs, adjusted by Business | ||||||
| Benefits | $260.2M0.0% | $260.1M+2.7% | $253.3M+1.4% | $249.9M-0.4% | $250.9M-0.9% | |
| Corporate Payments | $70.3M+0.4% | $70M+0.7% | $69.5M+1.8% | $68.3M+0.4% | $68M-0.6% | |
| Mobility | $289.3M+0.1% | $289M+1.0% | $286.2M+1.4% | $282.3M+1.8% | $277.3M-0.6% | |
| Accounts Receivable, Allowance for Credit Loss, Writeoff by Business | ||||||
| Benefits | $5.7M+1.8% | $5.6M0.0% | $5.6M+833% | $600K+200% | $200K0.0% | |
| Corporate Payments | $9.3M+69.1% | $5.5M+3.8% | $5.3M+39.5% | $3.8M+2.7% | $3.7M+12.1% | |
| Mobility | $97.8M+3.5% | $94.5M+1.0% | $93.6M-1.8% | $95.3M-6.8% | $102.3M-6.5% | |
| Accounts Receivable, Allowance for Credit Loss by Business | ||||||
| Benefits | $11.1M-32.7% | $16.5M-25.7% | $22.2M-22.4% | $28.6M-6.5% | $30.6M-5.3% | |
| Corporate Payments | $92.4M+9.5% | $84.4M+15.0% | $73.4M+19.3% | $61.5M+21.1% | $50.8M+12.6% | |
| Mobility | $233M+4.3% | $223.3M+0.7% | $221.8M-2.3% | $227M-5.1% | $239.3M-7.2% | |
| Currency translation by Business | ||||||
| Benefits | $0— | $0— | $0— | $0— | $0— | |
| Corporate Payments | $400K-55.6% | $900K+125% | $400K-50.0% | $800K+700% | $100K+133% | |
| Mobility | $400K-42.9% | $700K+600% | $100K-80.0% | $500K— | $0+100% | |
| Depreciation by Business | ||||||
| Benefits | $39.1M+3.7% | $37.7M+4.4% | $36.1M+3.4% | $34.9M+3.9% | $33.6M+6.7% | |
| Corporate Payments | $35.9M+0.3% | $35.8M+3.8% | $34.5M+4.9% | $32.9M+5.8% | $31.1M+6.5% | |
| Mobility | $62.3M+1.0% | $61.7M+1.0% | $61.1M+4.1% | $58.7M+5.0% | $55.9M+5.5% | |
| Recoveries of amounts previously charged-off by Business | ||||||
| Benefits | $300K0.0% | $300K-40.0% | $500K+66.7% | $300K0.0% | $300K0.0% | |
| Corporate Payments | $100K— | $0— | $0— | $0— | $0— | |
| Mobility | $11.2M+1.8% | $11M+6.8% | $10.3M-10.4% | $11.5M+0.9% | $11.4M-5.8% | |
| Provision for Credit Losses by Business | ||||||
| Corporate Payments | $16.8M+8.4% | $15.5M-6.6% | $16.6M+23.0% | $13.5M+43.6% | $9.4M+22.1% | |
| Mobility | $75.1M+18.5% | $63.4M+8.9% | $58.2M+14.3% | $50.9M-5.9% | $54.1M-11.3% | |
| Total revenues (revenues from external customers) by Product | ||||||
| Account servicing revenue | $729.4M+0.5% | $726M+1.3% | $716.4M+1.5% | $705.7M+1.3% | $696.4M+0.8% | |
| Finance fee revenue | $325.7M+1.4% | $321.3M+0.8% | $318.9M+4.1% | $306.2M+0.9% | $303.6M+1.8% | |
| Payment processing revenue | $1.16B+1.1% | $1.14B+1.2% | $1.13B-0.7% | $1.14B-2.8% | $1.17B-2.5% |
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.