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WEX WEX Benefits — Recoveries of amounts previously charged-off

Other segment segments

Mobility

$2.7M+8.0%

Corporate Payments

$100K—

Similar metrics at other companies

MSRecoveries

$1M—

SSBPrincipal recoveries of loans previously charged off

$3.92M+31.5%

TFSLCommitment Recoveries

$0—

BDCBenefit resulting from pre-pandemic receivables

$40K-72.6%

WECAccounts Receivable, Allowance for Credit Loss, Recovery

$22M-24.7%

WALGross recoveries

$0—

Other financials

Income statement

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

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

Operating cash flow-$330.8M+31.3%

CapEx$37.5M+15.0%

Free cash flow-$368.3M+28.4%

Valuation

Market cap$4.42B-13.8%

Enterprise value$8.42B-11.1%

P/E14.2×-2.0×

P/S1.6×-0.3×

Profitability

Gross margin58.8%-1.3pp

Operating margin24.6%-1.4pp

Net margin11.5%-0.6pp

FCF margin17%+16.8pp

Returns & leverage

Return on equity29.8%+5.4pp

Debt / equity4.1×-2.8×

Current ratio1×0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept us-gaap:AllowanceForDoubtfulAccountsReceivableRecoveries.

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 — recoveries of amounts previously charged-off?: WEX (WEX) reported benefits — recoveries of amounts previously charged-off of $0 in Q1 2026.
What does benefits — recoveries of amounts previously charged-off mean?: This metric tracks the cash collected from accounts that were previously written off as uncollectible. It represents a reversal of prior credit losses and indicates successful collection efforts or improved financial health of previously delinquent customers. This is a positive indicator of effective credit management and recovery processes.