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WEX WEX United States — Property, equipment and capitalized software

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MORNUnited States — Property, equipment, and capitalized software, less accumulated depreciation and amortization of $930.2 million and $899.9 million, respectively
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CLFUnited States — Property, plant and equipment, net
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MORNNon United States — Property, equipment, and capitalized software, less accumulated depreciation and amortization of $930.2 million and $899.9 million, respectively
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VVVUnited States — Property, plant and equipment, net
$1.08B+19.2%

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:PropertyPlantAndEquipmentNet.

The official record: WEX’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.