In Q2 FY2026, WEX Inc. reported revenue of $753.5 million, up 14.2% year-over-year. Net income surged 59.3% to $108.5 million, with diluted EPS of $3.11, a 57.1% increase. Operating income rose 29.6% to $203.2 million. The company held $1.16 billion in cash and $3.52 billion in long-term debt.
•Revenue grew 14.2% YoY to $753.5M.
•Net income increased 59.3% to $108.5M.
•Diluted EPS rose 57.1% to $3.11.
•Operating income up 29.6% to $203.2M.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet payment solutions, transaction processing, and information management services.
Its portfolio also includes provides account activation and account retention services, authorization and billing inquiries, and account maintenance services, account management, credit and collections services, merchant services, analytics solutions, and ancillary services and offerings.
This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions.
This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions.
In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits. Its portfolio also includes COBRA accounts, and benefit enrollment and administration services, as well as custodial and depository services for health savings accounts markets its products through third-party administrators, financial institutions, payroll providers, and health plans. WEX Inc. was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. Founded in 1983, the company is headquartered in Portland, Maine.
WEX Inc. operates a commerce platform that provides payment processing and information management services across three main segments: Mobility, Corporate Payments, and Benefits. The Mobility segment offers fleet payment solutions, transaction processing, and account management services for businesses and government agencies with commercial vehicle fleets. The Corporate Payments segment provides payment solutions, including embedded payments and accounts payable automation, serving customers in travel, fintech, insurance, and other verticals. The Benefits segment delivers a SaaS platform for consumer-directed healthcare benefits, including health savings accounts, COBRA administration, and benefit enrollment services.
Where is WEX Inc. listed and in which currency?
WEX Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol WEX. Its financials are reported in US Dollars (USD), as the company is based in the United States.
What sector and industry does WEX Inc. belong to?
WEX Inc. is classified under the Technology sector and operates in the Software - Infrastructure industry. This means the company develops and provides software-based infrastructure solutions, particularly focusing on payment processing, transaction management, and SaaS platforms for various business needs.
In which countries and regions does WEX Inc. operate?
WEX Inc. operates in the United States and internationally. The company is headquartered in the United States and serves customers across multiple regions, including North America and other global markets. Its Mobility segment markets fleet payment solutions to businesses and government agencies in the US and abroad, while the Corporate Payments and Benefits segments also have an international presence.
How does WEX Inc. generate revenue through its business segments?
WEX Inc. generates revenue through three primary segments. The Mobility segment earns from fleet payment solutions, transaction processing fees, and services like account activation, authorization, billing, credit and collections, and analytics. The Corporate Payments segment generates revenue from payment solutions, embedded payments, and accounts payable automation services, targeting travel, fintech, insurance, and other industries. The Benefits segment earns through its SaaS platform for consumer-directed healthcare benefits, including plan administration, custodial services for health savings accounts, and benefit enrollment solutions, marketed via third-party administrators and health plans.