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WEX WEX Corporate Payments — Goodwill

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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:Goodwill.

The source filing: WEX’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 2:14 PM EST
Fiscal year
FY2025
Accession
0001309108-26-000010
(in millions)MobilityCorporate PaymentsBenefitsTotal
Accumulated impairment losses(190.7)(9.9)(200.6)
Net goodwill$1,354.5$765.5$863.4$2,983.4
Measurement period adjustments
Foreign currency translation6.825.131.9
Balance at December 31, 2025
Gross goodwill$1,552.0$800.5$863.4$3,215.9
Accumulated impairment losses(190.7)(9.9)(200.6)
Net goodwill$1,361.3$790.6$863.4$3,015.3

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is WEX's corporate payments — goodwill?
WEX (WEX) reported corporate payments — goodwill of $790.6M in Q4 2025.
How has WEX's corporate payments — goodwill changed year-over-year?
WEX's corporate payments — goodwill increased by 3.3% year-over-year, from $765.5M to $790.6M.
What does corporate payments — goodwill mean?
Represents the net carrying value of goodwill for the corporate payments segment after accounting for any impairment losses. It serves as a measure of the intangible value and expected future synergies associated with past acquisitions in this segment.

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