Filing Flows › WEX (WEX) › Q3 2026 › vs Q2 2026
WEX (WEX) Q3 2026 vs Q2 2026 (quarter over quarter)
WEX's revenue rose $26.6M (+4%) from $754M in Q2 2026 to $780M in Q3 2026. The biggest changes: Finance fee revenue +$14.0M (+14%); Account servicing revenue +$8.9M (+5%); Other revenue +$3.3M (+3%). Operating margin 30.6% against 27.0% (+3.6 pts).
WEX, Q3 2026: revenue $780M (+13% year over year), operating margin 30.6%, net earnings $134M, operating cash flow −$11.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 30.6% | 27.0% | +3.6 pts |
| Net margin | 17.2% | 14.4% | +2.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Payment processing revenue | $345M | $344M | $300K | +0.1% |
| Account servicing revenue | $187M | $178M | $8.9M | +5% |
| Other revenue | $133M | $129M | $3.3M | +3% |
| Finance fee revenue | $116M | $102M | $14.0M | +14% |
| Revenue | $780M | $754M | $26.6M | +4% |
| Operating profit | $239M | $203M | $35.6M | +18% |
| Costs & expenses | $541M | $550M | −$9.0M | -2% |
| Pre-tax earnings | $186M | $150M | $35.0M | +23% |
| Other expense, net | $53.3M | $52.7M | $600K | +1% |
| Cost of revenue | $287M | $290M | −$2.3M | -0.8% |
| Sales & marketing | $109M | $113M | −$3.4M | -3% |
| General & admin | $101M | $104M | −$3.6M | -3% |
| Other operating costs | $43.9M | $43.6M | $300K | +0.7% |
| Net earnings | $134M | $108M | $25.6M | +24% |
| Income tax | $51.4M | $41.9M | $9.5M | +23% |
| Operating cash sources | $273M | $306M | −$32.1M | -11% |
| Depreciation & amortization | $85.0M | $83.0M | $2.0M | +2% |
| Share-based compensation | $43.1M | $36.4M | $6.7M | +18% |
| Cash used in operations | $11.2M | $77.6M | −$66.4M | -86% |
| Working capital & other | $273M | $306M | −$32.1M | -11% |
Questions
How much did WEX's revenue grow quarter over quarter in Q3 2026?
WEX's revenue rose $26.6M (+4%) from $754M in Q2 2026 to $780M in Q3 2026.
What drove WEX's revenue change in Q3 2026?
Finance fee revenue +$14.0M (+14%); Account servicing revenue +$8.9M (+5%); Other revenue +$3.3M (+3%).