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WEX vs Cbiz: WEX and CBZ compared
WEX is the larger company: $780M of revenue in its latest quarter (Q3 2026) against $702M for Cbiz (Q3 2026). WEX is growing faster (+13% against +1% a year earlier). WEX is more profitable, with an operating margin of 30.6% against 10.8%.
Where the money goes: WEX and CBZ
WEX (WEX) · Q3 2026
WEX, Q3 2026: revenue $780M (+13% year over year), operating margin 30.6%, net earnings $134M, operating cash flow −$11.2M. The chart follows the revenue to costs, profit and cash.
Cbiz (CBZ) · Q3 2026
Cbiz, Q3 2026: revenue $702M (+1% year over year), operating margin 10.8%, net earnings $36.8M, operating cash flow $24.8M. The chart follows the revenue to costs, profit and cash.
| WEX (WEX) | Cbiz (CBZ) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $780M | $702M |
| Revenue growth, Y/Y | +13% | +1% |
| Gross margin | — | 16.2% |
| Operating margin | 30.6% | 10.8% |
| Net earnings | $134M | $36.8M |
| Net margin | 17.2% | 5.2% |
| Operating cash flow | −$11.2M | $24.8M |
| Free cash flow | — | $14.7M |
| Market value | $6.3B | $3.3B |
| P/E | 15.7× | 27.0× |
| Analysts’ mean target | $202.09 | $55.00 |
Where the revenue comes from
WEX
- Payment processing revenue: $345M (44%)
- Account servicing revenue: $187M (24%)
- Other revenue: $133M (17%)
- Finance fee revenue: $116M (15%)
Questions
Which is bigger, WEX or Cbiz?
WEX is the larger company: $780M of revenue in its latest quarter (Q3 2026) against $702M for Cbiz (Q3 2026).
Is WEX or Cbiz growing faster?
WEX is growing faster (+13% against +1% a year earlier).
Which is more profitable, WEX or Cbiz?
WEX is more profitable, with an operating margin of 30.6% against 10.8%.
More: WEX earnings · how WEX makes money · Cbiz earnings · how Cbiz makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.