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+8.9% | $797.4M+7.8% | $779.5M+6.7% | $762.9M+6.7% | $747.6M+7.6% | |
| Corporate Payments | $487M+3.9% | $477.5M-2.1% | $458.9M-11.5% | $453M-14.0% | $468.8M-8.9% | |
| Mobility | $1.4B+0.1% | $1.39B-1.1% | $1.39B-1.4% | $1.38B-1.2% | $1.4B+1.2% | |
| Non-Topic 606 revenues by Business | ||||||
| Benefits | $206.5M+18.6% | $196.4M+17.8% | $190.3M+25.6% | $182.4M+30.4% | $174.1M+37.1% | |
| Corporate Payments | $17.6M-23.5% | $18.3M-34.4% | $18.8M-38.8% | $20.7M-37.3% | $23M-28.3% | |
| Mobility | $610.6M+6.6% | $600.7M+6.1% | $594.9M+5.3% | $577.1M+1.2% | $572.8M+1.2% | |
| Segment adjusted operating income by Business | ||||||
| Benefits | $354.9M— | $341.6M— | $336.5M— | $328.2M— | —— | |
| Corporate Payments | $216.9M— | $213.3M— | $199.4M— | $207.1M— | —— | |
| Mobility | $534.2M— | $541.1M— | $558.3M— | $578.7M— | —— | |
| Other by Business | ||||||
| Benefits | $100K— | $100K— | $0— | $0— | $0— | |
| Corporate Payments | $0— | $0— | $0— | $0— | $0— | |
| Mobility | $20.8M+15.6% | $20.8M+1.5% | $19.8M-10.8% | $20.1M-15.9% | $18M-35.3% | |
| Interest Income by Business | ||||||
| Benefits | $207.5M+21.8% | $196.2M+20.1% | $188.8M+29.2% | $178.5M+35.1% | $170.3M+42.6% | |
| Corporate Payments | $12.6M-28.8% | $13M-42.7% | $13.3M-46.8% | $15M-40.7% | $17.7M-27.2% | |
| Mobility | $17.1M+40.2% | $15.2M+12.6% | $15M+1.5% | $14.1M-12.7% | $12.2M-30.4% | |
| Sales and marketing expense, adjusted by Business | ||||||
| Benefits | $55.7M+5.9% | $54.4M+1.9% | $53M-2.6% | $51.1M-9.0% | $52.6M-1.5% | |
| Corporate Payments | $76.6M+27.0% | $71.8M+26.2% | $68.5M+25.8% | $63.9M+19.4% | $60.3M+14.7% | |
| Mobility | $246.3M+16.6% | $240.3M+15.3% | $224.9M+7.3% | $215M+2.4% | $211.2M+3.5% | |
| Service fees by Business | ||||||
| Benefits | $76.6M+9.4% | $77.7M+19.7% | $75.2M+24.2% | $73.4M+27.0% | $70M+26.0% | |
| Corporate Payments | $10.3M-7.2% | $10.7M-8.5% | $10.1M-21.4% | $9.8M-26.3% | $11.1M-14.3% | |
| Mobility | $7.4M0.0% | $7.5M+4.2% | $7.5M+1.4% | $7.7M+4.1% | $7.4M0.0% | |
| General and administrative expense, adjusted by Business | ||||||
| Benefits | $22.5M-3.0% | $21.4M-16.4% | $21.9M-27.0% | $22.4M-34.5% | $23.2M-39.6% | |
| Corporate Payments | $41M-10.9% | $40.5M-15.6% | $43.7M-11.6% | $44.4M-17.1% | $46M-19.0% | |
| Mobility | $98.2M-3.3% | $98.9M-5.1% | $102.8M-1.4% | $99.3M-9.4% | $101.6M-7.4% | |
| Operating interest by Business | ||||||
| Benefits | $5.4M— | $5.2M— | $5M— | $4.9M— | —— | |
| Corporate Payments | $19.1M— | $19.7M— | $16.4M— | $12.9M— | —— | |
| Mobility | $84.1M— | $84.1M— | $87.1M— | $89.8M— | —— | |
| Processing costs, adjusted by Business | ||||||
| Benefits | $260.2M+3.7% | $260.1M+2.8% | $253.3M+1.8% | $249.9M+0.5% | $250.9M+1.9% | |
| Corporate Payments | $70.3M+3.4% | $70M+2.3% | $69.5M-0.4% | $68.3M-3.9% | $68M-4.0% | |
| Mobility | $289.3M+4.3% | $289M+3.6% | $286.2M+3.3% | $282.3M+2.9% | $277.3M+1.2% | |
| Accounts Receivable, Allowance for Credit Loss, Writeoff by Business | ||||||
| Benefits | $5.7M+2,750% | $5.6M+2,700% | $5.6M+4,380% | $600K+1,100% | $200K+167% | |
| Corporate Payments | $9.3M+151% | $5.5M+66.7% | $5.3M+68.3% | $3.8M+15.2% | $3.7M+17.5% | |
| Mobility | $97.8M-4.4% | $94.5M-13.6% | $93.6M-24.9% | $95.3M-31.0% | $102.3M-30.6% | |
| Accounts Receivable, Allowance for Credit Loss by Business | ||||||
| Benefits | $11.1M-63.7% | $16.5M-48.9% | $22.2M-32.1% | $28.6M— | $30.6M— | |
| Corporate Payments | $92.4M+81.9% | $84.4M+87.1% | $73.4M+78.6% | $61.5M— | $50.8M— | |
| Mobility | $233M-2.6% | $223.3M-13.4% | $221.8M-19.1% | $227M— | $239.3M— | |
| Currency translation by Business | ||||||
| Benefits | $0— | $0— | $0— | $0— | $0— | |
| Corporate Payments | $400K+300% | $900K+400% | $400K+60.0% | $800K— | $100K+100% | |
| Mobility | $400K— | $700K+240% | $100K-33.3% | $500K+350% | $0+100% | |
| Depreciation by Business | ||||||
| Benefits | $39.1M+16.4% | $37.7M+19.7% | $36.1M+21.1% | $34.9M+22.9% | $33.6M+23.1% | |
| Corporate Payments | $35.9M+15.4% | $35.8M+22.6% | $34.5M+30.3% | $32.9M+37.9% | $31.1M+44.5% | |
| Mobility | $62.3M+11.4% | $61.7M+16.4% | $61.1M+25.4% | $58.7M+30.3% | $55.9M+31.0% | |
| Recoveries of amounts previously charged-off by Business | ||||||
| Benefits | $300K0.0% | $300K0.0% | $500K— | $300K— | $300K— | |
| Corporate Payments | $100K— | $0— | $0-100% | $0-100% | $0-100% | |
| Mobility | $11.2M-1.8% | $11M-9.1% | $10.3M-18.9% | $11.5M-21.8% | $11.4M-32.9% | |
| Provision for Credit Losses by Business | ||||||
| Corporate Payments | $16.8M+78.7% | $15.5M+101% | $16.6M+302% | $13.5M+980% | $9.4M+522% | |
| Mobility | $75.1M+38.8% | $63.4M+3.9% | $58.2M-15.6% | $50.9M-38.6% | $54.1M-37.2% | |
| Total revenues (revenues from external customers) by Product | ||||||
| Account servicing revenue | $729.4M+4.7% | $726M+5.1% | $716.4M+4.2% | $705.7M+4.6% | $696.4M+5.7% | |
| Finance fee revenue | $325.7M+7.3% | $321.3M+7.7% | $318.9M+6.8% | $306.2M+0.3% | $303.6M-0.1% | |
| Payment processing revenue | $1.16B-1.3% | $1.14B-4.8% | $1.13B-9.1% | $1.14B-8.7% | $1.17B-4.7% |
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.