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WEX WEX Corporate Payments — Depreciation

Other segment segments

Mobility
$16.5M+7.1%
Benefits
$10.8M+17.4%

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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 us-gaap:Depreciation.

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) / June 30, 2026:Three Months Ended / MobilityThree Months Ended / BenefitsThree Months Ended / Corporate PaymentsSix Months Ended / MobilitySix Months Ended / BenefitsSix Months Ended / Corporate Payments
Interest income(1)$5.8$58.5$3.0$10.8$114.4$5.7
Operating interest expense$25.3$1.4$5.9$43.9$2.8$9.6
Depreciation(2)$16.5$10.8$9.2$32.0$21.2$18.0
June 30, 2025:
Interest income(1)$4.9$48.2$3.7$8.0$92.9$6.8
Operating interest expense$22.2$1.3$5.2$40.8$2.5$9.5
Depreciation(2)$15.4$9.2$9.0$30.3$18.1$17.7

Item 1. Financial Statements.

FAQ

What is WEX's corporate payments — depreciation?
WEX (WEX) reported corporate payments — depreciation of $9.2M in Q2 2026.
How has WEX's corporate payments — depreciation changed year-over-year?
WEX's corporate payments — depreciation increased by 2.2% year-over-year, from $9M to $9.2M.
What is the long-term trend for WEX's corporate payments — depreciation?
Over 4 years (2021 to 2025), WEX's corporate payments — depreciation has grown at a 26.2% compound annual growth rate (CAGR), from $14.1M to $35.8M.
What does corporate payments — depreciation mean?
Reflects the systematic allocation of the cost of tangible assets used in the corporate payments segment over their useful lives. It is a non-cash expense that highlights the capital intensity of the segment's infrastructure and technology platforms.

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