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WEX WEX Benefits — Sales and marketing expense, adjusted

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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 wex:SalesAndMarketingExpenseAdjusted.

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
Processing costs, adjusted71.065.216.8
Service fees1.820.51.5
Provision for credit losses, adjusted30.50.8(0.1)
Operating interest expense25.31.45.9
Sales and marketing expense, adjusted68.016.421.9
General and administrative expense, adjusted26.67.411.5
Other segment items(2)16.510.89.2
Segment adjusted operating income (3)$182.7$83.5$58.5$324.6

Item 1. Financial Statements.

FAQ

What is WEX's benefits — sales and marketing expense, adjusted?
WEX (WEX) reported benefits — sales and marketing expense, adjusted of $16.4M in Q2 2026.
How has WEX's benefits — sales and marketing expense, adjusted changed year-over-year?
WEX's benefits — sales and marketing expense, adjusted increased by 12.3% year-over-year, from $14.6M to $16.4M.
What is the long-term trend for WEX's benefits — sales and marketing expense, adjusted?
Over 3 years (2022 to 2025), WEX's benefits — sales and marketing expense, adjusted has grown at a 5.4% compound annual growth rate (CAGR), from $46.5M to $54.4M.
What does benefits — sales and marketing expense, adjusted mean?
Captures the normalized costs associated with acquiring and retaining customers within the Benefits segment, excluding non-recurring or non-operational items. It serves as a key indicator of the segment's investment in growth and market penetration.

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