Filing Flows › WEX (WEX) › How it makes money
How WEX (WEX) makes money
WEX (WEX) made $780M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Payment processing revenue brought in $345M (44%); Account servicing revenue brought in $187M (24%); Other revenue brought in $133M (17%). Of every dollar of revenue, 31¢ was left as operating profit, 17¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Payment processing revenue | $345M | 44.2% | +0.1% | +14% |
| Account servicing revenue | $187M | 23.9% | +5% | +0.8% |
| Other revenue | $133M | 17.0% | +3% | +9% |
| Finance fee revenue | $116M | 14.9% | +14% | +39% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $780M | 100.0% |
| Operating profit | $239M | 30.6% |
| Income tax | $51.4M | 6.6% |
| Net earnings | $134M | 17.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $780M | +13% |
| Q2 2026 | $754M | +14% |
| Q1 2026 | $674M | +6% |
| Q4 2025 | $673M | +6% |
| Q3 2025 | $692M | +4% |
| Q2 2025 | $660M | -2% |
| Q1 2025 | $637M | -2% |
From WEX's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does WEX make money?
WEX (WEX) made $780M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Payment processing revenue brought in $345M (44%); Account servicing revenue brought in $187M (24%); Other revenue brought in $133M (17%). Of every dollar of revenue, 31¢ was left as operating profit, 17¢ was left as net earnings.
What is WEX's biggest business?
Payment processing revenue: $345M in the third quarter 2026, 44% of revenue, +14% from a year earlier.
What is WEX's profit margin?
Net earnings were $134M, 17.2% of revenue, in the third quarter 2026; the operating margin was 30.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.