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WEX WEX United States — Property, equipment and capitalized software

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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:PropertyPlantAndEquipmentNet.

The source filing: WEX’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 2:14 PM EST
Fiscal year
FY2025
Accession
0001309108-26-000010
(in millions)Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
United States$244.0$251.6$231.7
Other international9.79.611.2
Net property, equipment and capitalized software$253.7$261.2$242.9

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is WEX's united states — property, equipment and capitalized software?
WEX (WEX) reported united states — property, equipment and capitalized software of $244M in Q4 2025.
How has WEX's united states — property, equipment and capitalized software changed year-over-year?
WEX's united states — property, equipment and capitalized software decreased by 3.0% year-over-year, from $251.6M to $244M.
What does united states — property, equipment and capitalized software mean?
This metric measures the net book value of tangible assets and capitalized internal-use software development costs located within the United States. It reflects the capital intensity required to support the company's domestic payment processing infrastructure and technology platforms. Tracking this balance provides insight into the company's ongoing investment in the physical and digital assets necessary to maintain and scale its service capabilities.

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