WEX Inc. (WEX) 10-Year Financial Performance & Capital Metrics

WEX • • Industrial / General

TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceEnterprise Payment Processors

AboutWEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.Show more

Revenue $2.63B +3.1%
EBITDA $1.01B +9.1%
Net Income $310M +16.1%
EPS (Diluted) 7.50 +21.8%
Gross Margin 60.52% -2.1%
EBITDA Margin 38.34% +5.8%
Operating Margin 26.11% +2.8%
Net Margin 11.78% +12.6%
ROE 18.71% +21.8%
ROIC 10.24% -22.9%
Debt/Equity 2.99 +40.5%
Interest Coverage 2.91 -8.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 25.6%
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 4.6% through buybacks

✗Weaknesses

✗High debt to equity ratio of 3.0x
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.39%

5Y8.8%

3Y12.4%

TTM-1.15%

Profit (Net Income) CAGR

10Y4.35%

5Y25.61%

3Y1357.47%

TTM-14.16%

EPS CAGR

10Y3.77%

5Y16.14%

3Y35.72%

TTM-2.41%

ROCE

10Y Avg6.85%

5Y Avg7.64%

3Y Avg11.3%

Latest13.25%

Peer Comparison

Enterprise Payment Processors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TOSTToast, Inc.	17.39B	33.76	1048.45	28.33%	4.66%	13.56%	1.76%	0.02
DLODLocal Limited	2.42B	14.59	37.41	14.7%	17.8%	33.87%		0.11
IIIVi3 Verticals, Inc.	615.36M	25.67	36.67	-7.29%	55.87%	25.96%	0.93%	0.01
ACIWACI Worldwide, Inc.	4.48B	43.49	22.77	9.76%	15.07%	17.64%	7.66%	0.67
FOURShift4 Payments, Inc.	4.45B	65.91	21.75	29.86%	5.02%	8.73%	6.97%	2.83
WEXWEX Inc.	5.51B	160.57	21.41	3.15%	10.81%	25.38%	6.07%	2.99
EVTCEVERTEC, Inc.	1.93B	30.12	17.41	21.7%	16.17%	20.63%	8.91%	1.86
XYZBlock, Inc.	35.55B	64.92	14.27	10.06%	13.08%	13.95%	4.37%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	854.64M	1.01B	1.25B	1.49B	1.72B	1.56B	1.85B	2.35B	2.55B	2.63B
Revenue Growth %	0.05%	0.18%	0.23%	0.2%	0.15%	-0.1%	0.19%	0.27%	0.08%	0.03%
Cost of Goods Sold+	405.1M	458.81M	514.28M	547.93M	659.77M	673.17M	702.2M	930.5M	973.3M	1.04B
COGS % of Revenue	0.47%	0.45%	0.41%	0.37%	0.38%	0.43%	0.38%	0.4%	0.38%	0.39%
Gross Profit+	449.54M	553.68M	734.29M	944.71M	1.06B	886.69M	1.15B	1.42B	1.57B	1.59B
Gross Margin %	0.53%	0.55%	0.59%	0.63%	0.62%	0.57%	0.62%	0.6%	0.62%	0.61%
Gross Profit Growth %	-0.02%	0.23%	0.33%	0.29%	0.13%	-0.17%	0.3%	0.24%	0.11%	0.01%
Operating Expenses+	220.75M	395.16M	500.87M	564.07M	678.08M	978.37M	806.4M	950.3M	927.6M	904.2M
OpEx % of Revenue	0.26%	0.39%	0.4%	0.38%	0.39%	0.63%	0.44%	0.4%	0.36%	0.34%
Selling, General & Admin	20.62M	316.38M	347.99M	438.55M	535.68M	558.79M	646M	655.7M	755.8M	716.8M
SG&A % of Revenue	0.02%	0.31%	0.28%	0.29%	0.31%	0.36%	0.35%	0.28%	0.3%	0.27%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	200.13M	78.77M	152.88M	125.52M	142.4M	419.57M	160.4M	294.6M	171.8M	187.4M
Operating Income+	228.79M	158.53M	233.42M	380.64M	385.84M	-91.67M	342M	469.8M	647.1M	686.3M
Operating Margin %	0.27%	0.16%	0.19%	0.26%	0.22%	-0.06%	0.18%	0.2%	0.25%	0.26%
Operating Income Growth %	-0.25%	-0.31%	0.47%	0.63%	0.01%	-1.24%	4.73%	0.37%	0.38%	0.06%
EBITDA+	311.87M	300.18M	437.15M	580.44M	622.97M	170.25M	614.6M	733.7M	923.3M	1.01B
EBITDA Margin %	0.36%	0.3%	0.35%	0.39%	0.36%	0.11%	0.33%	0.31%	0.36%	0.38%
EBITDA Growth %	-0.17%	-0.04%	0.46%	0.33%	0.07%	-0.73%	2.61%	0.19%	0.26%	0.09%
D&A (Non-Cash Add-back)	83.08M	141.65M	203.72M	199.81M	237.13M	261.93M	272.6M	263.9M	276.2M	321.3M
EBIT	231.1M	162.35M	281.48M	343.64M	351.19M	-144M	293.1M	308M	573.4M	653.7M
Net Interest Income+	-46.19M	-113.42M	-107.07M	-105.02M	-134.68M	-157.08M	-89.2M	-47.5M	-204.6M	-235.9M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	46.19M	113.42M	107.07M	105.02M	134.68M	157.08M	89.2M	47.5M	204.6M	235.9M
Other Income/Expense	-43.88M	-109.59M	-59.01M	-142.02M	-169.32M	-209.41M	-138.1M	-209.3M	-278.3M	-268.5M
Pretax Income+	184.91M	48.93M	174.42M	238.62M	216.52M	-301.08M	203.9M	260.5M	368.8M	417.8M
Pretax Margin %	0.22%	0.05%	0.14%	0.16%	0.13%	-0.19%	0.11%	0.11%	0.14%	0.16%
Income Tax+	75.3M	28.59M	15.45M	68.84M	61.22M	-20.6M	67.8M	93.1M	102.2M	108.2M
Effective Tax Rate %	0.55%	0.48%	0.92%	0.71%	0.46%	0.81%	0%	0.77%	0.72%	0.74%
Net Income+	101.9M	23.5M	160.06M	168.29M	99.01M	-243.64M	100K	201.4M	266.6M	309.6M
Net Margin %	0.12%	0.02%	0.13%	0.11%	0.06%	-0.16%	0%	0.09%	0.1%	0.12%
Net Income Growth %	-0.5%	-0.77%	5.81%	0.05%	-0.41%	-3.46%	1%	2013%	0.32%	0.16%
Net Income (Continuing)	109.61M	20.34M	158.97M	169.78M	155.29M	-280.48M	136.1M	167.4M	266.6M	309.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	12.44M	8.56M	9.22M	10.23M	166.45M	130.24M	254.11M	0	0	0
EPS (Diluted)+	2.62	1.48	3.73	3.86	3.55	-6.40	3.00	4.50	6.16	7.50
EPS Growth %	-0.49%	-0.44%	1.52%	0.03%	-0.08%	-2.8%	1.47%	0.5%	0.37%	0.22%
EPS (Basic)	2.63	1.49	3.73	3.90	3.59	-6.40	3.04	4.54	6.23	7.59
Diluted Shares Outstanding	38.84M	40.91M	43.02M	43.57M	43.77M	43.84M	45.31M	44.72M	43.3M	41.3M
Basic Shares Outstanding	38.77M	40.81M	42.98M	43.16M	43.32M	43.84M	44.72M	44.4M	42.8M	40.8M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.89B	2.37B	3.21B	3.4B	3.84B	3.5B	5.3B	6.82B	8.94B	8.52B
Cash & Short-Term Investments	298.55M	214.46M	531.43M	541.5M	981.38M	1.33B	2.21B	3.26B	4B	4.36B
Cash Only	279.99M	190.93M	508.07M	541.5M	981.38M	1.33B	1.26B	1.86B	975.8M	595.8M
Short-Term Investments	18.56M	23.52M	23.36M	0	0	0	948.68M	1.4B	3.02B	3.76B
Accounts Receivable	1.51B	2.05B	2.46B	2.58B	2.78B	2.09B	3.03B	3.44B	3.57B	3.01B
Days Sales Outstanding	644.3	740.72	717.94	631.92	588.23	489.53	596.71	534.43	511.32	417.83
Inventory	0	-11.71M	0	123.4M	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	82.2	-	-	-	-	-	-
Other Current Assets	87.72M	97.42M	150.24M	123.4M	83.1M	81.13M	68.59M	117.89M	1.37B	1.15B
Total Non-Current Assets+	1.96B	3.71B	3.53B	3.37B	4.46B	4.68B	5.01B	4.71B	4.95B	4.81B
Property, Plant & Equipment	138.59M	167.28M	163.91M	187.87M	280.83M	273.37M	259.01M	269.12M	304.7M	261.2M
Fixed Asset Turnover	6.17x	6.05x	7.62x	7.95x	6.14x	5.71x	7.14x	8.73x	8.36x	10.06x
Goodwill	1.12B	1.84B	1.88B	1.83B	2.44B	2.69B	2.91B	2.73B	3.02B	2.98B
Intangible Assets	465.61M	1.27B	1.15B	1.03B	1.58B	1.55B	1.64B	1.47B	1.46B	1.26B
Long-Term Investments	5.01M	10.77M	72.43M	24.41M	50.96M	57.2M	80.37M	131.21M	66.8M	80.5M
Other Non-Current Assets	225.58M	333.52M	255.41M	284.23M	95.18M	92.27M	110.94M	95.89M	87.2M	202.7M
Total Assets+	3.86B	6.08B	6.74B	6.77B	8.3B	8.18B	10.31B	11.53B	13.88B	13.32B
Asset Turnover	0.22x	0.17x	0.19x	0.22x	0.21x	0.19x	0.18x	0.20x	0.18x	0.20x
Asset Growth %	-0.06%	0.58%	0.11%	0%	0.23%	-0.01%	0.26%	0.12%	0.2%	-0.04%
Total Current Liabilities+	534.99M	940.58M	1.13B	2.31B	3.05B	2.74B	4.4B	6.29B	8.52B	8.33B
Accounts Payable	378.81M	617.12M	752.37M	814.74M	852.96M	647.09M	880.08M	1.23B	1.32B	952.7M
Days Payables Outstanding	341.32	490.94	533.98	542.74	471.88	350.86	457.46	480.53	496.37	335.1
Short-Term Debt	0	0	397.22M	216.52M	261.71M	169.18M	171.27M	214.44M	1.04B	1.29B
Deferred Revenue (Current)	-1000K	-1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	0
Other Current Liabilities	182.61M	-331.58M	1.02B	954.51M	1.93B	1.92B	3.35B	4.84B	3.75B	5.1B
Current Ratio	3.54x	2.52x	2.83x	1.47x	1.26x	1.28x	1.20x	1.08x	1.05x	1.02x
Quick Ratio	3.54x	2.53x	2.83x	1.42x	1.26x	1.28x	1.20x	1.08x	1.05x	1.02x
Cash Conversion Cycle	-	-	-	171.39	-	-	-	-	-	-
Total Non-Current Liabilities+	2.23B	3.63B	3.88B	2.66B	3.16B	3.41B	3.81B	3.59B	3.54B	3.51B
Long-Term Debt	1.11B	1.99B	2.03B	2.13B	2.69B	2.87B	2.7B	2.52B	2.83B	3.08B
Capital Lease Obligations	0	0	0	0	67.91M	82.97M	81.05M	70.64M	0	60.4M
Deferred Tax Liabilities	83.91M	243.81M	119.28M	151.69M	218.74M	220.12M	192.97M	142.16M	129.5M	145.6M
Other Non-Current Liabilities	840.95M	1.64B	455.16M	377.49M	181.91M	205.55M	785.97M	763.61M	585.3M	166M
Total Liabilities	2.76B	4.57B	5.02B	4.97B	6.21B	6.15B	8.21B	9.88B	12.06B	11.83B
Total Debt+	1.2B	2.2B	2.42B	2.35B	3.02B	3.13B	2.95B	2.81B	3.87B	4.45B
Net Debt	921.83M	2.01B	1.92B	1.81B	2.03B	1.8B	1.69B	947.55M	2.89B	3.85B
Debt / Equity	1.10x	1.46x	1.41x	1.31x	1.44x	1.54x	1.41x	1.70x	2.12x	2.99x
Debt / EBITDA	3.85x	7.35x	5.55x	4.05x	4.84x	18.36x	4.80x	3.83x	4.19x	4.41x
Net Debt / EBITDA	2.96x	6.71x	4.39x	3.12x	3.27x	10.55x	2.75x	1.29x	3.13x	3.82x
Interest Coverage	4.95x	1.40x	2.18x	3.62x	2.86x	-0.58x	3.83x	9.89x	3.16x	2.91x
Total Equity+	1.1B	1.51B	1.72B	1.8B	2.09B	2.04B	2.09B	1.65B	1.82B	1.49B
Equity Growth %	0%	0.37%	0.14%	0.04%	0.17%	-0.03%	0.03%	-0.21%	0.1%	-0.18%
Book Value per Share	28.21	36.80	39.99	41.22	47.83	46.42	46.19	36.88	42.05	36.05
Total Shareholders' Equity	1.08B	1.5B	1.71B	1.79B	1.93B	1.9B	1.84B	1.65B	1.82B	1.49B
Common Stock	431K	472K	473K	475K	477K	485K	492K	495K	500K	500K
Retained Earnings	1.18B	1.24B	1.4B	1.48B	1.54B	1.29B	1.29B	1.49B	1.76B	2.07B
Treasury Stock	-172.34M	-172.34M	-172.34M	-172.34M	-172.34M	-172.34M	-172.34M	-463.18M	-760.8M	-1.42B
Accumulated OCI	-103.45M	-122.84M	-90.8M	-117.29M	-115.45M	-82.94M	-122.52M	-306.34M	-229.2M	-312.3M
Minority Interest	12.44M	8.56M	9.22M	10.23M	166.45M	130.24M	254.11M	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	445.1M	-151.13M	132.95M	400.23M	663.17M	857.02M	150.4M	679.4M	907.9M	481.4M
Operating CF Margin %	0.52%	-0.15%	0.11%	0.27%	0.38%	0.55%	0.08%	0.29%	0.36%	0.18%
Operating CF Growth %	0.5%	-1.34%	1.88%	2.01%	0.66%	0.29%	-0.82%	3.52%	0.34%	-0.47%
Net Income	109.61M	57.48M	159.17M	169.78M	155.29M	-280.48M	136.14M	167.5M	266.6M	309.6M
Depreciation & Amortization	86.17M	141.65M	203.72M	199.81M	237.13M	261.93M	272.64M	263.9M	276.2M	321.3M
Stock-Based Compensation	12.42M	19.74M	30.49M	33.89M	45.81M	63.86M	74.8M	97.9M	127M	112.2M
Deferred Taxes	37.36M	19.5M	-888K	31.33M	19.67M	-29.34M	12.88M	-60.2M	-21.3M	0
Other Non-Cash Items	45.37M	52.3M	85.17M	104.5M	104.47M	251.93M	72.96M	405.8M	264.8M	109.6M
Working Capital Changes	154.16M	-441.8M	-344.71M	-139.08M	100.81M	589.13M	-418.98M	-195.5M	-5.4M	-371.3M
Change in Receivables	199.72M	-436.07M	-542.02M	-201.64M	-67.64M	592.95M	-959.13M	-602.7M	-195.1M	325.2M
Change in Inventory	9.03M	-1.04M	-2.38M	68.25M	0	164.8M	959.13M	0	0	0
Change in Payables	-33.2M	75.81M	194.54M	-3.59M	139.19M	-183.71M	252.97M	348.7M	115.4M	-396.3M
Cash from Investing+	-126.66M	-1.16B	-163.5M	-254.18M	-990.61M	-329.09M	-1.6B	-716.7M	-2.14B	-960.6M
Capital Expenditures	-63.49M	-65.8M	-79.28M	-87.15M	-102.86M	-80.47M	-86.04M	-112.9M	-143.6M	-147.3M
CapEx % of Revenue	0.07%	0.06%	0.06%	0.06%	0.06%	0.05%	0.05%	0.05%	0.06%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	17.51M	-5.36M	25.5M	-4.27M	0	837K	-100K	-3.4M	-4.5M	-5M
Cash from Financing+	-319.54M	1.22B	359.38M	-102.73M	749.77M	-179.26M	1.4B	681.3M	1.57B	-260.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-155.07M	184.58M	163.27M	-32.73M	167.75M	-97.16M	1.6B	1.09B	813M	-122.8M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	381.61M	-216.93M	53.67M	313.08M	560.31M	776.55M	64.36M	563.2M	763.9M	334.1M
FCF Margin %	0.45%	-0.21%	0.04%	0.21%	0.33%	0.5%	0.03%	0.24%	0.3%	0.13%
FCF Growth %	0.6%	-1.57%	1.25%	4.83%	0.79%	0.39%	-0.92%	7.75%	0.36%	-0.56%
FCF per Share	9.82	-5.30	1.25	7.18	12.80	17.71	1.42	12.59	17.64	8.09
FCF Conversion (FCF/Net Income)	4.37x	-6.43x	0.83x	2.38x	6.70x	-3.52x	1503.98x	3.37x	3.41x	1.55x
Interest Paid	49.03M	116.27M	128.89M	141.48M	175.99M	0	132.2M	129.4M	247.9M	328.5M
Taxes Paid	27.19M	23.95M	6.68M	39.23M	50.96M	0	50.6M	142.8M	130.3M	131.9M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.31%	1.81%	9.92%	9.57%	5.09%	-11.8%	0%	10.76%	15.37%	18.71%
Return on Invested Capital (ROIC)	8.21%	4.29%	4.89%	7.88%	7.48%	-1.73%	6.74%	11.04%	13.28%	10.24%
Gross Margin	52.6%	54.69%	58.81%	63.29%	61.72%	56.84%	62.06%	60.41%	61.8%	60.52%
Net Margin	11.92%	2.32%	12.82%	11.28%	5.74%	-15.62%	0.01%	8.57%	10.46%	11.78%
Debt / Equity	1.10x	1.46x	1.41x	1.31x	1.44x	1.54x	1.41x	1.70x	2.12x	2.99x
Interest Coverage	4.95x	1.40x	2.18x	3.62x	2.86x	-0.58x	3.83x	9.89x	3.16x	2.91x
FCF Conversion	4.37x	-6.43x	0.83x	2.38x	6.70x	-3.52x	1503.98x	3.37x	3.41x	1.55x
Revenue Growth	4.52%	18.47%	23.32%	19.55%	15.48%	-9.5%	18.64%	27.02%	8.4%	3.15%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Payment Processing Revenue	-	-	-	-	-	-	858.99M	1.16B	1.21B	1.2B
Payment Processing Revenue Growth	-	-	-	-	-	-	-	34.57%	5.00%	-1.09%
Account Servicing Revenue	-	-	-	-	-	-	526.86M	569.28M	646.4M	690.6M
Account Servicing Revenue Growth	-	-	-	-	-	-	-	8.05%	13.55%	6.84%
Product and Service, Other	-	-	-	-	-	-	209.37M	264.85M	373.7M	438.9M
Product and Service, Other Growth	-	-	-	-	-	-	-	26.50%	41.10%	17.45%
Finance Fee Revenue	-	-	-	-	247.32M	-	255.32M	360.47M	314.2M	298.2M
Finance Fee Revenue Growth	-	-	-	-	-	-	-	41.18%	-12.84%	-5.09%
Fleet Solutions	-	642.06M	822.97M	-	-	918.31M	-	-	-	-
Fleet Solutions Growth	-	-	28.18%	-	-	-	-	-	-	-
Health and Employee Benefit Solutions	120.26M	161.15M	203.53M	-	-	363.72M	-	-	-	-
Health and Employee Benefit Solutions Growth	-	34.00%	26.30%	-	-	-	-	-	-	-
Travel and Corporate Solutions	195.42M	215.25M	224.05M	-	-	277.84M	-	-	-	-
Travel and Corporate Solutions Growth	-	10.15%	4.09%	-	-	-	-	-	-	-
Other Revenue	-	-	-	154.97M	-	-	-	-	-	-
Other Revenue Growth	-	-	-	-	-	-	-	-	-	-
Monthly Fees	-	-	-	61.97M	-	-	-	-	-	-
Monthly Fees Growth	-	-	-	-	-	-	-	-	-	-
Professional Services	-	-	-	13.35M	-	-	-	-	-	-
Professional Services Growth	-	-	-	-	-	-	-	-	-	-
Segment Reporting Total	854.64M	-	-	-	-	-	-	-	-	-
Segment Reporting Total Growth	-	-	-	-	-	-	-	-	-	-
Fleet Payment Solutions	538.96M	-	-	-	-	-	-	-	-	-
Fleet Payment Solutions Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	691.09M	839.92M	1.04B	1.29B	1.54B	1.4B	1.64B	2.06B	2.19B	2.29B
UNITED STATES Growth	-	21.54%	23.50%	24.11%	19.31%	-8.78%	17.24%	25.52%	6.39%	4.36%
Non-US	-	-	-	-	-	-	-	-	-	338.7M
Non-US Growth	-	-	-	-	-	-	-	-	-	-
AUSTRALIA	50.39M	53.07M	62.03M	60.52M	-	-	-	-	-	-
AUSTRALIA Growth	-	5.32%	16.89%	-2.44%	-	-	-	-	-	-
International	113.16M	-	-	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

WEX Inc. (WEX) has a price-to-earnings (P/E) ratio of 21.4x. This is roughly in line with market averages.

Growth & Financials

WEX Inc. (WEX) reported $2.62B in revenue for fiscal year 2024. This represents a 375% increase from $553.1M in 2011.

WEX Inc. (WEX) grew revenue by 3.1% over the past year. Growth has been modest.

Yes, WEX Inc. (WEX) is profitable, generating $283.8M in net income for fiscal year 2024 (11.8% net margin).

Dividend & Returns

WEX Inc. (WEX) has a return on equity (ROE) of 18.7%. This is reasonable for most industries.

WEX Inc. (WEX) generated $642.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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