Filing Flows › WEX (WEX) › Q2 2026
WEX (WEX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
WEX (WEX) reported revenue of $754M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +12% from the quarter before. Operating margin was 27.0%, net earnings $108M (14.4% of revenue).
WEX, Q2 2026: revenue $754M (+14% year over year), operating margin 27.0%, net earnings $108M, operating cash flow −$77.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $754M | +12% | +14% |
| Operating profit | $203M | +28% | +30% |
| Net earnings | $108M | +40% | +59% |
| Operating cash flow | −$77.6M | — | -129% |
What changed
Revenue was $753.5M in Q2 2026, up 14% year over year and up 12% from the previous quarter. Payment processing revenue was the largest line at 46% of revenue. Payment processing revenue added $59.3M year over year (up 21%), 63% of the total change.
Operating profit was $203.2M, a 27.0% margin (up 3.2 points year over year). Of the extra revenue versus Q2 2025, 49% reached operating profit, above the 24% margin then. Total costs grew 9% against revenue growth of 14%. The fastest-growing cost line was General & admin (+21%). Net earnings were $108.5M, up 59% year over year. The effective tax rate was 27.8%.
Operating cash flow was −$77.6M. Non-cash charges added back $83.0M of depreciation and amortization and $36.4M of share-based compensation. Working capital and other items used $305.5M. Capital expenditures of $43.5M exceeded it, leaving free cash flow of −$121.1M.
Questions
What was WEX's revenue in the second quarter 2026?
WEX (WEX) reported revenue of $754M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +12% from the quarter before.
Was WEX profitable in the second quarter 2026?
Operating profit was $203M (27.0% of revenue) and net earnings $108M.
Source: WEX 10-Q on SEC EDGAR.