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WEX WEX Account servicing revenue — Total revenues (revenues from external customers)

Other product segments

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$284.2M+4.6%
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$80.1M+5.8%

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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 us-gaap:Revenues.

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 account servicing revenue — total revenues (revenues from external customers)?
WEX (WEX) reported account servicing revenue — total revenues (revenues from external customers) of $182.5M in Q1 2026.
How has WEX's account servicing revenue — total revenues (revenues from external customers) changed year-over-year?
WEX's account servicing revenue — total revenues (revenues from external customers) increased by 1.9% year-over-year, from $179.1M to $182.5M.
What is the long-term trend for WEX's account servicing revenue — total revenues (revenues from external customers)?
Over 4 years (2021 to 2025), WEX's account servicing revenue — total revenues (revenues from external customers) has grown at a 8.3% compound annual growth rate (CAGR), from $526.9M to $726M.
What does account servicing revenue — total revenues (revenues from external customers) mean?
This metric represents the total gross revenue generated from external customers specifically attributable to account servicing activities within the reporting segment. It captures the aggregate income derived from managing customer accounts, including transaction processing, administrative support, and related service fees. This figure serves as a primary indicator of the segment's market demand and its ability to monetize ongoing customer relationships.