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WEX WEX Corporate Payments — Currency translation

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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:AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation.

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
Balance, beginning of period$63.6$1.3$22.9$87.8
Provision for credit losses(1)32.30.8(0.1)33.0
Other(2)3.93.9
Charge-offs(30.6)(0.2)(4.3)(35.1)
Recoveries of amounts previously charged-off3.50.13.7
Currency translation(0.1)(0.1)
Balance, end of period$72.7$1.8$18.6$93.2

Item 1. Financial Statements.

FAQ

What is WEX's corporate payments — currency translation?
WEX (WEX) reported corporate payments — currency translation of $0 in Q2 2026.
How has WEX's corporate payments — currency translation changed year-over-year?
WEX's corporate payments — currency translation decreased by 100.0% year-over-year, from $700K to $0.
What is the long-term trend for WEX's corporate payments — currency translation?
Over 2 years (2023 to 2025), WEX's corporate payments — currency translation has grown at a 112.1% compound annual growth rate (CAGR), from $200K to $900K.
What does corporate payments — currency translation mean?
The impact of fluctuations in foreign exchange rates on the segment's financial results when converting international operations into the reporting currency. This helps investors isolate operational performance from macroeconomic currency volatility.

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