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WEX WEX Mobility — Recoveries of amounts previously charged-off

Other segment segments

Corporate Payments
$100K
Benefits
$0

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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:AllowanceForDoubtfulAccountsReceivableRecoveries.

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
Balance, beginning of period$63.6$1.3$22.9$87.8
Provision for credit losses(1)32.30.8(0.1)33.0
Other(2)3.93.9
Charge-offs(30.6)(0.2)(4.3)(35.1)
Recoveries of amounts previously charged-off3.50.13.7
Currency translation(0.1)(0.1)
Balance, end of period$72.7$1.8$18.6$93.2

Item 1. Financial Statements.

FAQ

What is WEX's mobility — recoveries of amounts previously charged-off?
WEX (WEX) reported mobility — recoveries of amounts previously charged-off of $3.5M in Q2 2026.
How has WEX's mobility — recoveries of amounts previously charged-off changed year-over-year?
WEX's mobility — recoveries of amounts previously charged-off decreased by 12.5% year-over-year, from $4M to $3.5M.
What is the long-term trend for WEX's mobility — recoveries of amounts previously charged-off?
Over 3 years (2022 to 2025), WEX's mobility — recoveries of amounts previously charged-off has grown at a -4.9% compound annual growth rate (CAGR), from $12.8M to $11M.
What does mobility — recoveries of amounts previously charged-off mean?
Cash collected on accounts that were previously written off as uncollectible. This metric provides insight into the effectiveness of the company's collections and recovery processes.

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