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+8.5% | $204.9M+9.6% | $198.1M+9.1% | $195.1M+8.5% | $199.3M+4.2% | |
| Corporate Payments | $113M+9.2% | $122.9M+17.8% | $132.8M+4.6% | $118.3M-11.8% | $103.5M-15.5% | |
| Mobility | $344.6M+3.2% | $345.2M0.0% | $360.8M+1.0% | $346.2M-3.7% | $333.8M-1.5% | |
| Non-Topic 606 revenues by Business | ||||||
| Benefits | $55.9M+22.1% | $51.9M+13.3% | $49.6M+18.9% | $49.1M+20.3% | $45.8M+19.3% | |
| Corporate Payments | $3.8M-15.6% | $3.9M-11.4% | $4.7M-28.8% | $5.2M-30.7% | $4.5M-52.1% | |
| Mobility | $151.9M+7.0% | $152M+4.0% | $155.9M+12.9% | $150.8M+2.9% | $142M+4.7% | |
| Segment adjusted operating income by Business | ||||||
| Benefits | $100.2M+15.3% | $83.1M+6.5% | $86.7M+10.6% | $84.9M— | $86.9M— | |
| Corporate Payments | $44.1M+8.9% | $59.6M+30.4% | $63.8M-10.8% | $49.4M— | $40.5M— | |
| Mobility | $124.5M-5.3% | $128.9M-11.8% | $146.7M-12.2% | $134.1M— | $131.4M— | |
| Other by Business | ||||||
| Benefits | $0— | $100K— | $0— | $0— | $0— | |
| Corporate Payments | $0— | $0— | $0— | $0— | $0— | |
| Mobility | $4.6M0.0% | $6.2M+19.2% | $4.9M-5.8% | $5.1M+70.0% | $4.6M-35.2% | |
| Other segment items by Business | ||||||
| Benefits | $10.4M+15.6% | —— | $9.4M+14.6% | $10.2M+15.9% | $9M+8.4% | |
| Corporate Payments | $8.9M+1.1% | —— | $9.1M+21.3% | $20.6M+64.8% | $8.8M-22.8% | |
| Mobility | $15.5M+4.0% | —— | $16.3M+17.3% | $15.4M+22.2% | $14.9M+24.2% | |
| Interest Income by Business | ||||||
| Benefits | $55.9M+25.3% | $51.8M+16.7% | $51.6M+24.9% | $48.2M+20.5% | $44.6M+18.6% | |
| Corporate Payments | $2.7M-12.9% | $2.8M-9.7% | $3.4M-33.3% | $3.7M-42.2% | $3.1M-61.7% | |
| Mobility | $5M+61.3% | $3.3M+6.5% | $3.9M+30.0% | $4.9M+63.3% | $3.1M-29.5% | |
| Sales and marketing expense, adjusted by Business | ||||||
| Benefits | $13.9M+10.3% | $13.7M+11.4% | $13.5M+16.4% | $14.6M-9.3% | $12.6M-6.0% | |
| Corporate Payments | $21.3M+29.1% | $18.9M+21.2% | $18.7M+32.6% | $17.7M+25.5% | $16.5M+26.0% | |
| Mobility | $62.9M+10.5% | $64.2M+31.6% | $59.5M+20.0% | $59.7M+6.8% | $56.9M+5.2% | |
| Service fees by Business | ||||||
| Benefits | $19.8M-5.3% | $20.1M+14.2% | $17.8M+11.3% | $18.9M+21.9% | $20.9M+32.3% | |
| Corporate Payments | $2.5M-13.8% | $2.6M+30.0% | $3M+11.1% | $2.2M-37.1% | $2.9M-17.1% | |
| Mobility | $1.8M-5.3% | $1.7M0.0% | $1.7M-10.5% | $2.2M+15.8% | $1.9M+11.8% | |
| General and administrative expense, adjusted by Business | ||||||
| Benefits | $6.5M+20.4% | $5.3M-8.6% | $5.5M-8.3% | $5.2M-13.3% | $5.4M-30.8% | |
| Corporate Payments | $10.5M+5.0% | $10.3M-23.7% | $10.1M-6.5% | $10.1M-13.7% | $10M-16.7% | |
| Mobility | $24.2M-2.8% | $23.5M-14.2% | $25.6M+15.8% | $24.9M-8.5% | $24.9M-9.5% | |
| Operating interest by Business | ||||||
| Benefits | $1.4M+16.7% | $1.4M+16.7% | $1.3M+8.3% | $1.3M— | $1.2M— | |
| Corporate Payments | $3.6M-14.3% | $4.6M+254% | $5.7M+159% | $5.2M— | $4.2M— | |
| Mobility | $18.7M0.0% | $21M-12.5% | $22.2M-10.8% | $22.2M— | $18.7M— | |
| Processing costs, adjusted by Business | ||||||
| Benefits | $64.5M+0.2% | $71M+10.6% | $63.4M+5.7% | $61.3M-1.6% | $64.4M-3.3% | |
| Corporate Payments | $17.8M+1.7% | $16.8M+3.1% | $17.5M+7.4% | $18.2M+1.7% | $17.5M-2.2% | |
| Mobility | $71.4M+0.4% | $71.7M+4.1% | $73.7M+5.6% | $72.5M+7.4% | $71.1M-2.2% | |
| Accounts Receivable, Allowance for Credit Loss, Writeoff by Business | ||||||
| Benefits | $100K— | $100K0.0% | $5.1M+5,000% | $400K— | $0— | |
| Corporate Payments | $5.4M+238% | $1M+25.0% | $2M+300% | $900K+12.5% | $1.6M+33.3% | |
| Mobility | $27.3M+13.8% | $24.4M+3.8% | $23.6M-6.7% | $22.5M-23.7% | $24M-22.8% | |
| Accounts Receivable, Allowance for Credit Loss by Business | ||||||
| Benefits | $1.3M-80.6% | $2M-74.0% | $1.7M-79.0% | $6.1M-24.7% | $6.7M-20.2% | |
| Corporate Payments | $22.9M+53.7% | $24.2M+83.3% | $24M+98.3% | $21.3M+101% | $14.9M+62.0% | |
| Mobility | $63.6M+18.0% | $58.1M+2.7% | $55.1M-8.6% | $56.2M-18.0% | $53.9M-25.7% | |
| Currency translation by Business | ||||||
| Benefits | $0— | $0— | $0— | $0— | $0— | |
| Corporate Payments | -$200K-167% | $0+100% | -$100K-133% | $700K— | $300K+400% | |
| Mobility | -$100K-150% | $0+100% | $0-100% | $500K— | $200K+167% | |
| Depreciation by Business | ||||||
| Benefits | $10.4M+15.6% | $10.1M+18.8% | $9.4M+14.6% | $9.2M+16.5% | $9M+30.4% | |
| Corporate Payments | $8.9M+1.1% | $8.9M+17.1% | $9.1M+21.3% | $9M+25.0% | $8.8M+27.5% | |
| Mobility | $15.5M+4.0% | $15.1M+4.1% | $16.3M+17.3% | $15.4M+22.2% | $14.9M+24.2% | |
| Recoveries of amounts previously charged-off by Business | ||||||
| Benefits | $0— | $100K-66.7% | $200K— | $0— | $0— | |
| Corporate Payments | $100K— | $0— | $0— | $0— | $0— | |
| Mobility | $2.7M+8.0% | $2.1M+50.0% | $2.4M-33.3% | $4M+2.6% | $2.5M-21.9% | |
| Provision for Credit Losses by Business | ||||||
| Benefits | -$600K+40.0% | —— | $500K+400% | -$200K+33.3% | -$1M-433% | |
| Corporate Payments | $4.3M+43.3% | $1.3M-45.8% | $4.8M+182% | $6.4M+178% | $3M+131% | |
| Mobility | $25.6M+84.2% | $19M+37.7% | $15.1M+93.6% | $15.4M-17.2% | $13.9M-33.2% | |
| Total revenues (revenues from external customers) by Product | ||||||
| Account servicing revenue | $182.5M+1.9% | $183.7M+5.5% | $185.3M+6.1% | $177.9M+5.5% | $179.1M+3.3% | |
| Finance fee revenue | $80.1M+5.8% | $82M+3.0% | $83.2M+18.0% | $80.4M+3.3% | $75.7M+7.7% | |
| Payment processing revenue | $284.2M+4.6% | $284M+5.1% | $301.7M-2.6% | $285.2M-10.4% | $271.8M-10.0% | |
| Performance obligations expected to be satisfied by Product | ||||||
| Minimum monthly fees | $114M+0.4% | —— | $100.2M— | $108.3M— | $113.6M+11.8% | |
| Other revenue | $124.8M+7.7% | —— | $140.3M+24.3% | $110.2M-2.1% | $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.