WEX Inc.
WEX
Jodie read · what matters now
Revenue increased 4.0% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to WEX, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-23 against the comparable filing from 2025-05-01.
What improved
- Revenue increased 4.0% versus the comparable filing period.
What weakened
- Operating margin fell 1.2 percentage points.
- Operating cash flow covered only -4.26x net income.
Filing receipts
“The following table compares line items within operating income for unallocated corporate expenses: Three Months Ended March 31, Increase (Decrease) (in millions) 2026 2025 Amount % Other operating expenses General and administrative $ 35.2 $ 25.5 $ 9.7 38 % Depreciation and amortization $ 0.4 $ 0.4 $ — NM NM - Not meaningful During the three months ended March 31, 2026, general and administrative expenses increased $9.7 million, as compared to the same period of the prior year, primarily due to increased stock-based compensation expense as a result of higher estimated performance-based attainments, coupled with an increase in professional services and other expenses incurred in connection...”
“Other operating expenses Sales and marketing expenses increased for the three months ended March 31, 2026, as compared to the same period in the prior year, primarily resulting from the sustained investments tied to sales initiatives made throughout 2025, a growth in partner commissions, and higher stock-based compensation primarily due to an increase in estimated attainments.”
“s and marketing expenses increased for the three months ended March 31, 2026, as compared to the same period in the prior year, primarily resulting from the sustained investments tied to sales initiatives made throughout 2025, a growth in partner commissions, and higher stock-based compensation primarily due to an increase in estimated attainments.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind WEX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 2 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
WEX is currently a Leader in the organic co-movement group Payment Solutions Software. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for WEX; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.