The financials
WEX Inc. by the numbers
WEX Inc. (WEX) reported revenue of $674M in Q1 2026 (quarter ended March 31, 2026), up 5.8% from the same quarter a year earlier. That came with a gross margin of 58% and net income of $78M (12% of revenue). For the full year FY2025, revenue was $2.66B (+1.2% year on year) and net income $304M. Its largest segment in 2026-Q2 was Mobility at $211M, 61% of the disclosed total, just ahead of Corporate Payments at 30%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $674M | $637M | +5.8% |
| Gross profit | $394M | $367M | +7.4% |
| Operating income | $158M | $157M | +0.6% |
| Net income | $78M | $72M | +8.7% |
| Diluted EPS | $2.22 | $1.81 | +23% |
| Operating | Revenue | Share |
|---|---|---|
| Mobility | $211M | 61% |
| Corporate Payments | $104M | 30% |
| Benefits | $30M | 8.6% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $344.4M (+21%)
Mobility grew +31% year on yearCorporate Payments +6.6% year on year
Segment Latestquarter on quarteryear on year
- Mobility$210.8M$210.8MQoQ +34%year on year +31%+34%+31%
- Corporate Payments$104.1M$104.1MQoQ +10%year on year +6.6%+10%+6.6%
- Benefits$29.5M$29.5MQoQ -11%year on year +8.5%-11%+8.5%
Software - Infrastructure
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