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WEX WEX Mobility — Processing costs, adjusted

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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:DirectOperatingCostsAdjusted.

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
Other revenue56.269.04.1129.4
Total revenues (revenues from external customers)$422.4$206.0$125.1$753.5
Less(1):
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

Item 1. Financial Statements.

FAQ

What is WEX's mobility — processing costs, adjusted?
WEX (WEX) reported mobility — processing costs, adjusted of $71M in Q2 2026.
How has WEX's mobility — processing costs, adjusted changed year-over-year?
WEX's mobility — processing costs, adjusted decreased by 2.1% year-over-year, from $72.5M to $71M.
What is the long-term trend for WEX's mobility — processing costs, adjusted?
Over 3 years (2022 to 2025), WEX's mobility — processing costs, adjusted has grown at a 8.1% compound annual growth rate (CAGR), from $228.9M to $289M.
What does mobility — processing costs, adjusted mean?
The direct costs associated with processing transactions and managing payment information within the mobility segment, adjusted for non-recurring items. This is a key measure of operational efficiency and the scalability of the segment's technology platform.

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