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WEX WEX Benefits — Accounts Receivable, Allowance for Credit Loss, Writeoff

Other segment segments

Mobility
$30.6M+36.0%
Corporate Payments
$4.3M+378%

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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:AllowanceForDoubtfulAccountsReceivableWriteOffs.

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, writeoff?
WEX (WEX) reported benefits — accounts receivable, allowance for credit loss, writeoff of $200K in Q2 2026.
How has WEX's benefits — accounts receivable, allowance for credit loss, writeoff changed year-over-year?
WEX's benefits — accounts receivable, allowance for credit loss, writeoff decreased by 50.0% year-over-year, from $400K to $200K.
What is the long-term trend for WEX's benefits — accounts receivable, allowance for credit loss, writeoff?
Over 2 years (2023 to 2025), WEX's benefits — accounts receivable, allowance for credit loss, writeoff has grown at a 648.3% compound annual growth rate (CAGR), from $100K to $5.6M.
What does benefits — accounts receivable, allowance for credit loss, writeoff mean?
This represents the actual amount of accounts receivable that has been removed from the books because it is deemed uncollectible. It reflects the realized credit losses within the benefits segment during a specific period. High write-offs relative to the total portfolio may indicate weaknesses in credit underwriting or customer payment behavior.

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