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WEX WEX Benefits — Non-Topic 606 revenues

Other segment segments

Mobility
$151.9M+7.0%
Corporate Payments
$3.8M-15.6%

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STTOther fee revenue — Topic 606 revenue
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ASBFiduciary and Trust — Noninterest Income In Scope of Topic 606
$25.22M+12.1%

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 us-gaap:RevenueNotFromContractWithCustomer.

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 — non-topic 606 revenues?
WEX (WEX) reported benefits — non-topic 606 revenues of $55.9M in Q1 2026.
How has WEX's benefits — non-topic 606 revenues changed year-over-year?
WEX's benefits — non-topic 606 revenues increased by 22.1% year-over-year, from $45.8M to $55.9M.
What is the long-term trend for WEX's benefits — non-topic 606 revenues?
Over 4 years (2021 to 2025), WEX's benefits — non-topic 606 revenues has grown at a 189.4% compound annual growth rate (CAGR), from $2.8M to $196.4M.
What does benefits — non-topic 606 revenues mean?
This metric captures revenue streams within the benefits segment that fall outside the scope of standard ASC 606 revenue recognition criteria, such as interest income on customer funds. It provides visibility into non-core or financial-service-related income that is distinct from primary contractual service fees. Monitoring this helps investors understand the impact of interest rate environments on segment profitability.