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WEX WEX Benefits — Segment adjusted operating income

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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:SegmentAdjustedOperatingIncomeLoss.

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 — segment adjusted operating income?
WEX (WEX) reported benefits — segment adjusted operating income of $83.5M in Q2 2026.
How has WEX's benefits — segment adjusted operating income changed year-over-year?
WEX's benefits — segment adjusted operating income decreased by 1.6% year-over-year, from $84.9M to $83.5M.
What does benefits — segment adjusted operating income mean?
Measures the profitability of the Benefits segment by excluding non-recurring charges and specific non-operating expenses. It provides a clear view of the core operational performance and earnings power of the segment.

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