What is WEX's benefits — segment adjusted operating income?

WEX (WEX) reported benefits — segment adjusted operating income of $100.2M in Q1 2026.

How has WEX's benefits — segment adjusted operating income changed year-over-year?

WEX's benefits — segment adjusted operating income increased by 15.3% year-over-year, from $86.9M to $100.2M.

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.

WEX WEX Benefits — Segment adjusted operating income

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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%

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 ratio1×0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept wex:SegmentAdjustedOperatingIncomeLoss.

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 — segment adjusted operating income?: WEX (WEX) reported benefits — segment adjusted operating income of $100.2M in Q1 2026.
How has WEX's benefits — segment adjusted operating income changed year-over-year?: WEX's benefits — segment adjusted operating income increased by 15.3% year-over-year, from $86.9M to $100.2M.
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.