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WEX WEX Mobility — 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 mobility — goodwill?
WEX (WEX) reported mobility — goodwill of $1.36B in Q4 2025.
How has WEX's mobility — goodwill changed year-over-year?
WEX's mobility — goodwill increased by 0.5% year-over-year, from $1.35B to $1.36B.
What does mobility — goodwill mean?
This represents the carrying value of goodwill allocated to the mobility segment resulting from business combinations. It reflects the premium paid over the fair value of net identifiable assets, representing expected synergies and market position in fleet payment solutions. Changes in this balance indicate the impact of new acquisitions or impairment events on the segment's asset base.

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