Filing Flows › WEX (WEX) › Q2 2026 › vs Q2 2025
WEX (WEX) Q2 2026 vs Q2 2025 (year over year)
WEX's revenue rose $93.9M (+14%) from $660M in Q2 2025 to $754M in Q2 2026. The biggest changes: Payment processing revenue +$59.3M (+21%); Finance fee revenue +$21.5M (+27%); Other revenue +$13.3M (+11%). Operating margin 27.0% against 23.8% (+3.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 27.0% | 23.8% | +3.2 pts |
| Net margin | 14.4% | 10.3% | +4.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Payment processing revenue | $344M | $285M | $59.3M | +21% |
| Account servicing revenue | $178M | $178M | −$100K | -0.1% |
| Other revenue | $129M | $116M | $13.3M | +11% |
| Finance fee revenue | $102M | $80.4M | $21.5M | +27% |
| Revenue | $754M | $660M | $93.9M | +14% |
| Operating profit | $203M | $157M | $46.4M | +30% |
| Costs & expenses | $550M | $503M | $47.5M | +9% |
| Pre-tax earnings | $150M | $93.4M | $57.1M | +61% |
| Other expense, net | $52.7M | $63.4M | −$10.7M | -17% |
| Cost of revenue | $290M | $273M | $17.0M | +6% |
| Sales & marketing | $113M | $97.7M | $15.0M | +15% |
| General & admin | $104M | $86.3M | $18.0M | +21% |
| Other operating costs | $43.6M | $46.1M | −$2.5M | -5% |
| Net earnings | $108M | $68.1M | $40.4M | +59% |
| Income tax | $41.9M | $25.2M | $16.7M | +66% |
| Operating cash sources | $306M | −$80.8M | $386M | — |
| Depreciation & amortization | $83.0M | $84.0M | −$1.0M | -1% |
| Share-based compensation | $36.4M | $31.7M | $4.7M | +15% |
| Cash used in operations | $77.6M | −$265M | $342M | — |
| Working capital & other | $306M | −$80.8M | $386M | — |
Questions
How much did WEX's revenue grow year over year in Q2 2026?
WEX's revenue rose $93.9M (+14%) from $660M in Q2 2025 to $754M in Q2 2026.
What drove WEX's revenue change in Q2 2026?
Payment processing revenue +$59.3M (+21%); Finance fee revenue +$21.5M (+27%); Other revenue +$13.3M (+11%).