Filing Flows › WEX (WEX) › Q2 2026 › vs Q1 2026
WEX (WEX) Q2 2026 vs Q1 2026 (quarter over quarter)
WEX's revenue rose $79.7M (+12%) from $674M in Q1 2026 to $754M in Q2 2026. The biggest changes: Payment processing revenue +$60.3M (+21%); Finance fee revenue +$21.8M (+27%); Account servicing revenue −$4.7M (-3%). Operating margin 27.0% against 23.5% (+3.5 pts).
WEX, Q2 2026: revenue $754M (+14% year over year), operating margin 27.0%, net earnings $108M, operating cash flow −$77.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.0% | 23.5% | +3.5 pts |
| Net margin | 14.4% | 11.5% | +2.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Payment processing revenue | $344M | $284M | $60.3M | +21% |
| Account servicing revenue | $178M | $182M | −$4.7M | -3% |
| Other revenue | $129M | $127M | $2.4M | +2% |
| Finance fee revenue | $102M | $80.1M | $21.8M | +27% |
| Revenue | $754M | $674M | $79.7M | +12% |
| Operating profit | $203M | $158M | $45.0M | +28% |
| Costs & expenses | $550M | $516M | $34.7M | +7% |
| Pre-tax earnings | $150M | $108M | $42.0M | +39% |
| Other expense, net | $52.7M | $49.7M | $3.0M | +6% |
| Cost of revenue | $290M | $280M | $9.6M | +3% |
| Sales & marketing | $113M | $105M | $8.1M | +8% |
| General & admin | $104M | $87.3M | $17.0M | +19% |
| Other operating costs | $43.6M | $43.6M | $0 | 0% |
| Net earnings | $108M | $77.7M | $30.8M | +40% |
| Income tax | $41.9M | $30.8M | $11.1M | +36% |
| Operating cash sources | $306M | $518M | −$212M | -41% |
| Depreciation & amortization | $83.0M | $81.6M | $1.4M | +2% |
| Share-based compensation | $36.4M | $27.5M | $8.9M | +32% |
| Cash used in operations | $77.6M | $331M | −$253M | -77% |
| Working capital & other | $306M | $518M | −$212M | -41% |
Questions
How much did WEX's revenue grow quarter over quarter in Q2 2026?
WEX's revenue rose $79.7M (+12%) from $674M in Q1 2026 to $754M in Q2 2026.
What drove WEX's revenue change in Q2 2026?
Payment processing revenue +$60.3M (+21%); Finance fee revenue +$21.8M (+27%); Account servicing revenue −$4.7M (-3%).