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WEX WEX Benefits — Revenue from Contract with Customer, Excluding Assessed Tax

Other segment segments

Mobility
$422.4M+22.0%
Corporate Payments
$125.1M+5.7%

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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:Revenues.

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
Topic 606 revenues
Payment processing revenue$210.8$29.5$104.1$344.5
Account servicing revenue11.3107.416.6135.3
Other revenue23.010.50.133.6
Total Topic 606 revenues$245.1$147.4$120.8$513.3
Non-Topic 606 revenues177.358.64.3240.2
Total revenues$422.4$206.0$125.1$753.5

Item 1. Financial Statements.

FAQ

What is WEX's benefits — revenue from contract with customer, excluding assessed tax?
WEX (WEX) reported benefits — revenue from contract with customer, excluding assessed tax of $206M in Q2 2026.
How has WEX's benefits — revenue from contract with customer, excluding assessed tax changed year-over-year?
WEX's benefits — revenue from contract with customer, excluding assessed tax increased by 5.6% year-over-year, from $195.1M to $206M.
What is the long-term trend for WEX's benefits — revenue from contract with customer, excluding assessed tax?
Over 4 years (2021 to 2025), WEX's benefits — revenue from contract with customer, excluding assessed tax has grown at a 17.8% compound annual growth rate (CAGR), from $414.2M to $797.4M.
What does benefits — revenue from contract with customer, excluding assessed tax mean?
This metric represents the total revenue generated from contracts with customers within the benefits segment, excluding any pass-through assessed taxes. It reflects the core service-based income derived from providing health and employee benefit payment solutions. This figure is a primary indicator of the segment's organic growth and market adoption.

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