WEX Inc.

For the period ended Sep 30, 2026. Filed Oct 29, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 29, 2026

WEX$180.51-1.1%Stored close · as of Nov 10, 2026

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Contents

Item 1. Financial Statements

WEX Inc. Condensed Consolidated Statements of Operations

(in millions, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Revenues
Payment processing revenue	$344.8	$301.7	$973.4	$858.8
Account servicing revenue	186.7	185.3	547.0	542.3
Finance fee revenue	115.9	83.2	297.9	239.3
Other revenue	132.7	121.5	389.1	347.6
Total revenues	780.1	691.8	2,207.5	1,987.9
Cost of services
Processing costs	167.8	163.1	493.7	491.9
Service fees	22.1	22.6	70.1	71.5
Provision for credit losses	23.2	20.4	85.5	57.9
Operating interest	33.2	29.2	89.5	82.0
Depreciation and amortization	41.1	39.0	118.3	113.7
Total cost of services	287.4	274.3	857.2	817.0
General and administrative	100.7	92.0	292.4	251.9
Sales and marketing	109.3	97.3	326.5	285.9
Depreciation and amortization	43.9	44.7	131.2	135.5
Operating income	238.8	183.6	600.1	497.6
Financing interest expense, net of financial instruments	(53.2)	(63.8)	(159.0)	(181.8)
Change in fair value of contingent consideration	—	(0.7)	(0.7)	(2.3)
Net foreign currency (loss) gain	(0.1)	(2.6)	4.0	(3.3)
Income before income taxes	185.5	116.4	444.5	310.2
Income tax expense	51.4	36.2	124.1	90.3
Net income attributable to shareholders	$134.1	$80.3	$320.3	$219.8
Net income attributable to shareholders per share:
Basic	$3.95	$2.34	$9.32	$6.13
Diluted	$3.88	$2.30	$9.20	$6.07
Weighted average common shares outstanding:
Basic	33.9	34.4	34.4	35.8
Diluted	34.6	34.8	34.8	36.2

Table of Contents	PART I

WEX Inc. Condensed Consolidated Statements of Comprehensive Income

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
Net income attributable to shareholders	$134.1	$80.3	$320.3	$219.8
Other comprehensive (loss) income, net of tax:
Unrealized (loss) gain on available-for-sale debt securities	(179.4)	33.1	(236.8)	106.4
Foreign currency translation	0.4	(3.2)	(6.5)	64.5
Other comprehensive (loss) income, net of tax	(179.0)	29.9	(243.3)	170.9
Comprehensive (loss) income	$(44.9)	$110.2	$77.0	$390.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.