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WEX WEX Mobility — Depreciation

Other segment segments

Benefits
$10.4M+15.6%
Corporate Payments
$8.9M+1.1%

Similar metrics at other companies

S&P Global logo
SPGIMobility — Depreciation & Amortization
$80M+0.9%
Eaton Corporation logo
ETNMobility — Total depreciation of property, plant and equipment
$28M-9.7%
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PSAMobile — Accumulated Depreciation
$32.11M+26.8%
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SPGIMobility — Significant expenses
$272M+5.4%
Avis Budget Group logo
CARVehicle depreciation
$650M-6.2%
Eaton Corporation logo
ETNMobility — Total expenditures for property, plant and equipment
$16M-23.8%

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%
Enterprise value$8.42B-11.1%
P/E14.2×-2.0×
P/S1.6×-0.3×

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 us-gaap:Depreciation.

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 mobility — depreciation?
WEX (WEX) reported mobility — depreciation of $15.5M in Q1 2026.
How has WEX's mobility — depreciation changed year-over-year?
WEX's mobility — depreciation increased by 4.0% year-over-year, from $14.9M to $15.5M.
What is the long-term trend for WEX's mobility — depreciation?
Over 4 years (2021 to 2025), WEX's mobility — depreciation has grown at a 6.8% compound annual growth rate (CAGR), from $47.5M to $61.7M.
What does mobility — depreciation mean?
Represents the systematic allocation of the cost of tangible assets used in the Mobility segment over their useful lives. This non-cash expense reflects the ongoing capital intensity required to support fleet payment infrastructure.