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WEX (WEX) free cash flow by quarter

WEX's free cash flow was $236M in Q4 2025 (fourth quarter 2025), -31% from Q3 2025. Over the last 3 quarters it ranged from $230M (Q2 2025) to $342M (Q3 2025).

WEX free cash flow by quarterWEX free cash flow by quarter$230MQ2 2025$342MQ3 2025$236MQ4 2025
QuarterFree cash flowQ/QY/Y
Q4 2025$236M-31%—
Q3 2025$342M+49%—
Q2 2025$230M——

Q4 2025 at a glance

WEX, Q4 2025: revenue $673M (+6% year over year), operating margin 24.7%, net earnings $84.3M, operating cash flow $295M. The chart follows the revenue to costs, profit and cash.

Questions

What is WEX's free cash flow?

WEX's free cash flow was $236M in Q4 2025 (fourth quarter 2025), -31% from Q3 2025.

How has WEX's free cash flow changed?

Over the last 3 quarters it ranged from $230M (Q2 2025) to $342M (Q3 2025).

Q4 2025 results → · How WEX makes money →