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WEX WEX Mobility — Operating interest

Other segment segments

Corporate Payments
$5.9M+13.5%
Benefits
$1.4M+7.7%

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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:InterestExpenseOperatingCostOfRevenue.

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
Processing costs, adjusted71.065.216.8
Service fees1.820.51.5
Provision for credit losses, adjusted30.50.8(0.1)
Operating interest expense25.31.45.9
Sales and marketing expense, adjusted68.016.421.9
General and administrative expense, adjusted26.67.411.5
Other segment items(2)16.510.89.2
Segment adjusted operating income (3)$182.7$83.5$58.5$324.6

Item 1. Financial Statements.

FAQ

What is WEX's mobility — operating interest?
WEX (WEX) reported mobility — operating interest of $25.3M in Q2 2026.
How has WEX's mobility — operating interest changed year-over-year?
WEX's mobility — operating interest increased by 14.0% year-over-year, from $22.2M to $25.3M.
What is the long-term trend for WEX's mobility — operating interest?
Over 3 years (2021 to 2025), WEX's mobility — operating interest has grown at a 131.3% compound annual growth rate (CAGR), from $6.8M to $84.1M.
What does mobility — operating interest mean?
Represents the interest expense directly attributable to the financing of the Mobility segment's operations and working capital requirements. This metric reflects the cost of capital used to support fleet payment solutions and transaction processing activities.

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