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

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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%
Enterprise value$8.42B-11.1%
P/E14.2×-2.0×
P/S1.6×-0.3×

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:Revenues.

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 — revenue from contract with customer, excluding assessed tax?
WEX (WEX) reported benefits — revenue from contract with customer, excluding assessed tax of $216.2M in Q1 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 8.5% year-over-year, from $199.3M to $216.2M.
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.