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WEX WEX Benefits — General and administrative expense, adjusted

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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%

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 wex:GeneralAndAdministrativeExpenseAdjusted.

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 benefits — general and administrative expense, adjusted?
WEX (WEX) reported benefits — general and administrative expense, adjusted of $6.5M in Q1 2026.
How has WEX's benefits — general and administrative expense, adjusted changed year-over-year?
WEX's benefits — general and administrative expense, adjusted increased by 20.4% year-over-year, from $5.4M to $6.5M.
What is the long-term trend for WEX's benefits — general and administrative expense, adjusted?
Over 3 years (2022 to 2025), WEX's benefits — general and administrative expense, adjusted has grown at a -13.2% compound annual growth rate (CAGR), from $32.7M to $21.4M.
What does benefits — general and administrative expense, adjusted mean?
Reflects the adjusted overhead costs required to support the administrative functions of the Benefits business unit. Monitoring this helps evaluate the operational leverage and cost-management efficiency of the segment.