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WEX WEX Benefits — Accounts Receivable, Allowance for Credit Loss

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Other financials

Income statement

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Revenue$753.5M+14.2%
Gross profit$463.8M+19.9%
Operating income$203.2M+29.6%
Net income$108.5M+59.3%
EPS (diluted)$3.11+57.1%

Balance sheet

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Cash & equivalents$1.8B+15.8%
Total debt$5.4B-1.6%
Total equity$1.3B+37.4%
Total assets$16.5B+12.4%

Cash flow

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Operating cash flow-$77.6M-129%
CapEx$43.5M+25.7%
Free cash flow-$121.1M-153%

Valuation

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Market cap$6.46B+9.6%
Enterprise value$10.04B+2.5%
P/E18.4×-0.8×
P/S2.3×0.0×

Profitability

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Gross margin59.6%0.0pp
Operating margin25.5%-0.2pp
Net margin12.6%+0.8pp
FCF margin3.9%-7.0pp

Returns & leverage

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Return on equity30.2%+8.0pp
Debt / equity-1.6×
Current ratio0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept us-gaap:AllowanceForDoubtfulAccountsReceivable.

The source filing: WEX’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 1:48 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001309108-26-000029
(in millions)MobilityBenefitsCorporate PaymentsTotal
Balance, beginning of period$63.6$1.3$22.9$87.8
Provision for credit losses(1)32.30.8(0.1)33.0
Other(2)3.93.9
Charge-offs(30.6)(0.2)(4.3)(35.1)
Recoveries of amounts previously charged-off3.50.13.7
Currency translation(0.1)(0.1)
Balance, end of period$72.7$1.8$18.6$93.2

Item 1. Financial Statements.

FAQ

What is WEX's benefits — accounts receivable, allowance for credit loss?
WEX (WEX) reported benefits — accounts receivable, allowance for credit loss of $1.8M in Q2 2026.
How has WEX's benefits — accounts receivable, allowance for credit loss changed year-over-year?
WEX's benefits — accounts receivable, allowance for credit loss decreased by 70.5% year-over-year, from $6.1M to $1.8M.
What does benefits — accounts receivable, allowance for credit loss mean?
This represents the estimated amount of accounts receivable that the company expects will not be collected from customers within the benefits segment. It serves as a valuation allowance that adjusts the gross accounts receivable balance to its net realizable value. A rising allowance may indicate deteriorating credit quality among the segment's client base.

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