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WEX WEX Benefits — Goodwill, Gross

Other segment segments

Mobility
$1.55B+0.4%
Corporate Payments
$800.5M+3.2%

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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:GoodwillGross.

The source filing: WEX’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 2:14 PM EST
Fiscal year
FY2025
Accession
0001309108-26-000010
(in millions)MobilityCorporate PaymentsBenefitsTotal
Balance as of January 1, 2025
Gross goodwill$1,545.2$775.4$863.4$3,184.0
Accumulated impairment losses(190.7)(9.9)(200.6)
Net goodwill$1,354.5$765.5$863.4$2,983.4
Measurement period adjustments
Foreign currency translation6.825.131.9
Balance at December 31, 2025
Gross goodwill$1,552.0$800.5$863.4$3,215.9

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is WEX's benefits — goodwill, gross?
WEX (WEX) reported benefits — goodwill, gross of $863.4M in Q4 2025.
How has WEX's benefits — goodwill, gross changed year-over-year?
WEX's benefits — goodwill, gross decreased by 0.0% year-over-year, from $863.4M to $863.4M.
What does benefits — goodwill, gross mean?
Represents the total unamortized value of goodwill recorded on the balance sheet for acquisitions attributed to the Benefits segment. It reflects the premium paid over the fair value of net assets acquired and is subject to periodic impairment testing.

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