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WEX WEX Payment processing revenue — Total revenues (revenues from external customers)

Other product segments

Account servicing revenue
$182.5M+1.9%
Finance fee revenue
$80.1M+5.8%

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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%
Enterprise value$8.42B-11.1%
P/E14.2×-2.0×
P/S1.6×-0.3×

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:Revenues.

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 payment processing revenue — total revenues (revenues from external customers)?
WEX (WEX) reported payment processing revenue — total revenues (revenues from external customers) of $284.2M in Q1 2026.
How has WEX's payment processing revenue — total revenues (revenues from external customers) changed year-over-year?
WEX's payment processing revenue — total revenues (revenues from external customers) increased by 4.6% year-over-year, from $271.8M to $284.2M.
What is the long-term trend for WEX's payment processing revenue — total revenues (revenues from external customers)?
Over 4 years (2021 to 2025), WEX's payment processing revenue — total revenues (revenues from external customers) has grown at a 7.4% compound annual growth rate (CAGR), from $859M to $1.14B.
What does payment processing revenue — total revenues (revenues from external customers) mean?
This metric represents the total gross revenue generated by the payment processing business segment from external customers. It captures the income derived from transaction processing fees, service charges, and associated financial management solutions provided to business clients. Monitoring this figure helps investors assess the scale, market demand, and revenue-generating capacity of the company's core payment processing operations.