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WEX WEX Mobility — Provision for Credit Losses

Other segment segments

Corporate Payments
$4.3M+43.3%
Benefits
-$600K+40.0%

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$18.3M+0.5%

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%

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 ratio0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForOtherCreditLosses.

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 — provision for credit losses?
WEX (WEX) reported mobility — provision for credit losses of $25.6M in Q1 2026.
How has WEX's mobility — provision for credit losses changed year-over-year?
WEX's mobility — provision for credit losses increased by 84.2% year-over-year, from $13.9M to $25.6M.
What is the long-term trend for WEX's mobility — provision for credit losses?
Over 3 years (2022 to 2025), WEX's mobility — provision for credit losses has grown at a -28.4% compound annual growth rate (CAGR), from $172.7M to $63.4M.
What does mobility — provision for credit losses mean?
The periodic expense recognized in the income statement to adjust the allowance for credit losses based on expected default rates. It reflects the company's assessment of potential future losses on credit extended to fleet customers.