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WEX WEX Benefits — Service fees

Other segment segments

Corporate Payments
$2.5M-13.8%
Mobility
$1.8M-5.3%

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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 ratio0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept wex:ServiceFees.

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 — service fees?
WEX (WEX) reported benefits — service fees of $19.8M in Q1 2026.
How has WEX's benefits — service fees changed year-over-year?
WEX's benefits — service fees decreased by 5.3% year-over-year, from $20.9M to $19.8M.
What is the long-term trend for WEX's benefits — service fees?
Over 3 years (2022 to 2025), WEX's benefits — service fees has grown at a 21.2% compound annual growth rate (CAGR), from $43.6M to $77.7M.
What does benefits — service fees mean?
This metric represents the revenue generated from charging clients for specific administrative or value-added services within the benefits segment. It reflects the company's ability to monetize its platform beyond basic transaction processing. Growth in service fees is often a key driver of recurring revenue and long-term segment profitability.