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WEX Inc.(WEX)Earnings, Financials & Key Ratios
WEX•NYSE
15.1× P/E·Price updated Jun 19, 2026
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$2.66B+1.2%
- EBITDA$1.01B
- Net Income$304M-1.8%
- EPS (Diluted)8.47+12.9%
- Gross Margin54.86%-9.4%
- EBITDA Margin37.85%-1.3%
- Operating Margin25.41%-2.7%
- Net Margin11.43%-3.0%
- ROE22.33%+19.4%
WEX Key Insights
WEX Inc. (WEX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 11.3%
- ✓Good 3Y average ROE of 18.8%
- ✓Share count reduced 13.1% through buybacks
✗Weaknesses
- ✗High debt to equity ratio of 3.9x
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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WEX Price & Volume
WEX Inc. (WEX) stock price & volume — 10-year historical chart
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WEX Growth Metrics
WEX Inc. (WEX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.03%
5 Years11.27%
3 Years4.22%
TTM3.29%
Profit CAGR
10 Years11.55%
5 Years-
3 Years14.72%
TTM-1.55%
EPS CAGR
10 Years12.45%
5 Years-
3 Years23.47%
TTM14.82%
Return on Capital
10 Years7.52%
5 Years10.66%
3 Years12.95%
Last Year13.38%
WEX Recent Earnings
WEX Inc. (WEX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$4.15+1.7%
$4.08
Rev
$674M+0.3%
$672M
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$4.11+5.1%
$3.91
Rev
$673M+1.8%
$661M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$4.59+3.1%
$4.45
Rev
$692M+4.9%
$659M
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$3.95+7.0%
$3.69
Rev
$660M-1.2%
$668M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $4.15vs $4.08+1.7% | $674Mvs $672M+0.3% |
| Q1 2026 | Feb 4, 2026 | $4.11vs $3.91+5.1% | $673Mvs $661M+1.8% |
| Q4 2025 | Oct 29, 2025 | $4.59vs $4.45+3.1% | $692Mvs $659M+4.9% |
| Q3 2025 | Jul 23, 2025 | $3.95vs $3.69+7.0% | $660Mvs $668M-1.2% |
Based on last 12 quarters of dataView full earnings history →
WEX Peer Comparison
WEX Inc. (WEX) competitors in Payments and fintech infrastructure — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FLYW | 1.89B | 15.85 | 144.09 | 26.59% | 6.65% | 5.87% | ||
 PAYO | 2.35B | 7.02 | 36.95 | 7.68% | 6.76% | 10.01% | 0.10 | |
 PRTH | 590.49M | 7.17 | 10.54 | 8.33% | 5.85% | |||
 V | 627.79B | 327.24 | 32.08 | 11.34% | 51.68% | 58.9% | 0.66 | |
 MA | 433.57B | 489.79 | 29.65 | 16.42% | 45.88% | 205.79% | 2.45 | |
 AXP | 231.9B | 338.16 | 21.99 | 8.44% | 13.61% | 33.95% | 1.73 | |
 GDOT | 722.67M | 12.75 | -7.12 | 20.69% | -3.25% | -7.74% | 0.07 | |
 EVTC | 1.58B | 25.72 | 11.69 | 10.21% | 13.95% | 18.65% | 1.58 |
Compare WEX vs Peers
WEX Inc. (WEX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WEX Income Statement
WEX Inc. (WEX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.25B | 1.49B | 1.72B | 1.56B | 1.85B | 2.35B | 2.55B | 2.63B | 2.66B | 2.7B |
Revenue Growth % | 23.32% | 19.55% | 15.48% | -9.5% | 18.64% | 27.02% | 8.4% | 3.15% | 1.24% | 3.29% |
Cost of Goods Sold | 514.28M | 547.93M | 659.77M | 673.17M | 702.2M | 930.5M | 973.3M | 1.04B | 1.2B | 1.15B |
COGS % of Revenue | 41.19% | 36.71% | 38.28% | 43.16% | 37.94% | 39.59% | 38.2% | 39.48% | 45.14% | - |
Gross Profit | 734.29M▲ 0% | 944.71M▲ 28.7% | 1.06B▲ 12.6% | 886.69M▼ 16.7% | 1.15B▲ 29.5% | 1.42B▲ 23.7% | 1.57B▲ 10.9% | 1.59B▲ 1.0% | 1.46B▼ 8.2% | 1.55B▲ 0% |
Gross Margin % | 58.81% | 63.29% | 61.72% | 56.84% | 62.06% | 60.41% | 61.8% | 60.52% | 54.86% | 57.44% |
Gross Profit Growth % | 32.62% | 28.66% | 12.62% | -16.66% | 29.51% | 23.66% | 10.89% | 1% | -8.23% | - |
Operating Expenses | 500.87M | 564.07M | 678.08M | 978.37M | 806.4M | 950.3M | 927.6M | 904.2M | 783.6M | 884.8M |
OpEx % of Revenue | 40.12% | 37.79% | 39.34% | 62.72% | 43.58% | 40.43% | 36.41% | 34.4% | 29.45% | - |
Selling, General & Admin | 347.99M | 438.55M | 535.68M | 558.79M | 646M | 655.7M | 755.8M | 716.8M | 717.2M | 764.9M |
SG&A % of Revenue | 27.87% | 29.38% | 31.08% | 35.82% | 34.91% | 27.89% | 29.66% | 27.27% | 26.95% | - |
Research & Development | 0 | 0 | 0 | 0 | 74.2M | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | 4.01% | - | - | - | - | - |
Other Operating Expenses | 152.88M | 125.52M | 142.4M | 419.57M | 86.2M | 294.6M | 171.8M | 187.4M | 66.4M | 3M |
Operating Income | 233.42M▲ 0% | 380.64M▲ 63.1% | 385.84M▲ 1.4% | -91.67M▼ 123.8% | 342M▲ 473.1% | 469.8M▲ 37.4% | 647.1M▲ 37.7% | 686.3M▲ 6.1% | 676M▼ 1.5% | 665.2M▲ 0% |
Operating Margin % | 18.7% | 25.5% | 22.38% | -5.88% | 18.48% | 19.99% | 25.4% | 26.11% | 25.41% | 24.65% |
Operating Income Growth % | 47.25% | 63.07% | 1.37% | -123.76% | 473.07% | 37.37% | 37.74% | 6.06% | -1.5% | - |
EBITDA | 437.15M | 580.44M | 622.97M | 170.25M | 614.6M | 733.7M | 923.3M | 1.01B | 1.01B | 951.7M |
EBITDA Margin % | 35.01% | 38.89% | 36.14% | 10.91% | 33.21% | 31.21% | 36.24% | 38.34% | 37.85% | 35.27% |
EBITDA Growth % | 45.63% | 32.78% | 7.33% | -72.67% | 260.99% | 19.38% | 25.84% | 9.13% | -0.05% | -5.16% |
D&A (Non-Cash Add-back) | 203.72M | 199.81M | 237.13M | 261.93M | 272.6M | 263.9M | 276.2M | 321.3M | 331.1M | 286.5M |
EBIT | 281.48M | 343.64M | 351.19M | -144M | 293.1M | 308M | 573.4M | 653.7M | 663.8M | 666.1M |
Net Interest Income | -107.07M | -105.02M | -134.68M | -157.08M | -89.2M | -47.5M | -204.6M | -235.9M | -240.6M | -241.2M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 107.07M | 105.02M | 134.68M | 157.08M | 89.2M | 47.5M | 204.6M | 235.9M | 240.6M | 241.2M |
Other Income/Expense | -59.01M | -142.02M | -169.32M | -209.41M | -138.1M | -209.3M | -278.3M | -268.5M | -255.8M | -236.9M |
Pretax Income | 174.42M▲ 0% | 238.62M▲ 36.8% | 216.52M▼ 9.3% | -301.08M▼ 239.1% | 203.9M▲ 167.7% | 260.5M▲ 27.8% | 368.8M▲ 41.6% | 417.8M▲ 13.3% | 420.2M▲ 0.6% | 428.3M▲ 0% |
Pretax Margin % | 13.97% | 15.99% | 12.56% | -19.3% | 11.02% | 11.08% | 14.47% | 15.9% | 15.79% | 15.87% |
Income Tax | 15.45M | 68.84M | 61.22M | -20.6M | 67.8M | 93.1M | 102.2M | 108.2M | 116.1M | 118M |
Effective Tax Rate % | 8.86% | 28.85% | 28.28% | 6.84% | 33.25% | 35.74% | 27.71% | 25.9% | 27.63% | 27.55% |
Net Income | 160.06M▲ 0% | 168.29M▲ 5.1% | 99.01M▼ 41.2% | -243.64M▼ 346.1% | 100K▲ 100.0% | 201.4M▲ 201300.0% | 266.6M▲ 32.4% | 309.6M▲ 16.1% | 304.1M▼ 1.8% | 310.4M▲ 0% |
Net Margin % | 12.82% | 11.28% | 5.74% | -15.62% | 0.01% | 8.57% | 10.46% | 11.78% | 11.43% | 11.5% |
Net Income Growth % | 581.14% | 5.14% | -41.17% | -346.08% | 100.04% | 201300% | 32.37% | 16.13% | -1.78% | -1.55% |
Net Income (Continuing) | 158.97M | 169.78M | 155.29M | -280.48M | 136.1M | 167.4M | 266.6M | 309.6M | 304.1M | 310.3M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 9.22M | 10.23M | 166.45M | 130.24M | 254.11M | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 3.73▲ 0% | 3.86▲ 3.5% | 3.55▼ 8.0% | -6.40▼ 280.3% | 0.00▲ 100.0% | 4.50▲ 204445.5% | 6.16▲ 36.9% | 7.50▲ 21.8% | 8.47▲ 12.9% | 8.87▲ 0% |
EPS Growth % | 152.03% | 3.49% | -8.03% | -280.28% | 100.03% | - | 36.89% | 21.75% | 12.93% | 14.82% |
EPS (Basic) | 3.73 | 3.90 | 3.59 | -6.40 | 0.00 | 4.54 | 6.23 | 7.59 | 8.57 | - |
Diluted Shares Outstanding | 43.02M | 43.57M | 43.77M | 43.84M | 45.31M | 44.72M | 43.3M | 41.3M | 35.9M | 35M |
Basic Shares Outstanding | 42.98M | 43.16M | 43.32M | 43.84M | 44.72M | 44.4M | 42.8M | 40.8M | 35.5M | 34.5M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
WEX Balance Sheet
WEX Inc. (WEX) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 3.21B | 3.4B | 3.84B | 3.5B | 5.3B | 6.82B | 8.94B | 8.52B | 9.71B | 10.71B |
Cash & Short-Term Investments | 531.43M | 541.5M | 981.38M | 1.33B | 2.21B | 3.26B | 4B | 4.36B | 5.24B | 5.41B |
Cash Only | 508.07M | 541.5M | 981.38M | 1.33B | 1.26B | 1.86B | 975.8M | 595.8M | 905.8M | 633.5M |
Short-Term Investments | 23.36M | 0 | 0 | 0 | 948.68M | 1.4B | 3.02B | 3.76B | 4.33B | 4.78B |
Accounts Receivable | 2.46B | 2.58B | 2.78B | 2.09B | 3.03B | 3.44B | 3.57B | 3.01B | 3.49B | 4.35B |
Days Sales Outstanding | 717.94 | 631.92 | 588.23 | 489.53 | 596.71 | 534.43 | 511.32 | 417.83 | 478.24 | 522.61 |
Inventory | 0 | 123.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | 82.2 | - | - | - | - | - | - | - | - |
Other Current Assets | 150.24M | 123.4M | 83.1M | 81.13M | 68.59M | 117.89M | 1.37B | 1.15B | 988M | 956.6M |
Total Non-Current Assets | 3.53B | 3.37B | 4.46B | 4.68B | 5.01B | 4.71B | 4.95B | 4.81B | 4.69B | 4.71B |
Property, Plant & Equipment | 163.91M | 187.87M | 280.83M | 273.37M | 259.01M | 269.12M | 304.7M | 261.2M | 253.7M | 255.2M |
Fixed Asset Turnover | 7.62x | 7.95x | 6.14x | 5.71x | 7.14x | 8.73x | 8.36x | 10.06x | 10.49x | 10.53x |
Goodwill | 1.88B | 1.83B | 2.44B | 2.69B | 2.91B | 2.73B | 3.02B | 2.98B | 3.02B | 4.12B |
Intangible Assets | 1.15B | 1.03B | 1.58B | 1.55B | 1.64B | 1.47B | 1.46B | 1.26B | 1.09B | 1.1B |
Long-Term Investments | 72.43M | 24.41M | 50.96M | 57.2M | 80.37M | 131.21M | 66.8M | 80.5M | 94.2M | 348.9M |
Other Non-Current Assets | 255.41M | 284.23M | 95.18M | 92.27M | 110.94M | 95.89M | 87.2M | 202.7M | 218.3M | 224M |
Total Assets | 6.74B▲ 0% | 6.77B▲ 0.5% | 8.3B▲ 22.6% | 8.18B▼ 1.4% | 10.31B▲ 25.9% | 11.53B▲ 11.9% | 13.88B▲ 20.4% | 13.32B▼ 4.0% | 14.4B▲ 8.1% | 15.43B▲ 0% |
Asset Turnover | 0.19x | 0.22x | 0.21x | 0.19x | 0.18x | 0.20x | 0.18x | 0.20x | 0.18x | 0.18x |
Asset Growth % | 10.84% | 0.47% | 22.57% | -1.39% | 25.95% | 11.86% | 20.41% | -4.04% | 8.09% | 24.93% |
Total Current Liabilities | 1.13B | 2.31B | 3.05B | 2.74B | 4.4B | 6.29B | 8.52B | 8.33B | 9.29B | 10.22B |
Accounts Payable | 752.37M | 814.74M | 852.96M | 647.09M | 880.08M | 1.23B | 1.32B | 952.7M | 1.07B | 1.71B |
Days Payables Outstanding | 533.98 | 542.74 | 471.88 | 350.86 | 457.46 | 480.53 | 496.37 | 335.1 | 325.25 | 450.9 |
Short-Term Debt | 397.22M | 216.52M | 261.71M | 169.18M | 171.27M | 214.44M | 1.04B | 1.29B | 1.33B | 1.63B |
Deferred Revenue (Current) | 26.59M | 325.8M | 5.17M | 5.26M | 0 | 8.09M | 195.9M | 0 | 0 | 438.4M |
Other Current Liabilities | 1.02B | 954.51M | 1.93B | 1.92B | 3.35B | 4.84B | 3.75B | 5.1B | 6.89B | 6.87B |
Current Ratio | 2.83x | 1.47x | 1.26x | 1.28x | 1.20x | 1.08x | 1.05x | 1.02x | 1.05x | 1.05x |
Quick Ratio | 2.83x | 1.42x | 1.26x | 1.28x | 1.20x | 1.08x | 1.05x | 1.02x | 1.05x | 1.05x |
Cash Conversion Cycle | - | 171.39 | - | - | - | - | - | - | - | 71.71 |
Total Non-Current Liabilities | 3.88B | 2.66B | 3.16B | 3.41B | 3.81B | 3.59B | 3.54B | 3.51B | 3.88B | 3.93B |
Long-Term Debt | 2.03B | 2.13B | 2.69B | 2.87B | 2.7B | 2.52B | 2.83B | 3.08B | 3.53B | 3.61B |
Capital Lease Obligations | 0 | 0 | 67.91M | 82.97M | 81.05M | 70.64M | 0 | 60.4M | 0 | 0 |
Deferred Tax Liabilities | 119.28M | 151.69M | 218.74M | 220.12M | 192.97M | 142.16M | 129.5M | 145.6M | 187.3M | 705.6M |
Other Non-Current Liabilities | 455.16M | 377.49M | 181.91M | 205.55M | 785.97M | 763.61M | 585.3M | 166M | 159.1M | 132.3M |
Total Liabilities | 5.02B | 4.97B | 6.21B | 6.15B | 8.21B | 9.88B | 12.06B | 11.83B | 13.16B | 14.15B |
Total Debt | 2.42B | 2.35B | 3.02B | 3.13B | 2.95B | 2.81B | 3.87B | 4.45B | 4.86B | 1.63B |
Net Debt | 1.92B | 1.81B | 2.03B | 1.8B | 1.69B | 947.55M | 2.89B | 3.85B | 3.95B | 997.9M |
Debt / Equity | 1.41x | 1.31x | 1.44x | 1.54x | 1.41x | 1.70x | 2.12x | 2.99x | 3.94x | 1.28x |
Debt / EBITDA | 5.55x | 4.05x | 4.84x | 18.36x | 4.80x | 3.83x | 4.19x | 4.41x | 4.82x | 1.71x |
Net Debt / EBITDA | 4.39x | 3.12x | 3.27x | 10.55x | 2.75x | 1.29x | 3.13x | 3.82x | 3.92x | 1.05x |
Interest Coverage | 2.63x | 3.27x | 2.61x | -0.92x | 3.29x | 6.48x | 2.80x | 2.77x | 2.76x | 2.76x |
Total Equity | 1.72B▲ 0% | 1.8B▲ 4.4% | 2.09B▲ 16.6% | 2.04B▼ 2.8% | 2.09B▲ 2.8% | 1.65B▼ 21.2% | 1.82B▲ 10.4% | 1.49B▼ 18.2% | 1.23B▼ 17.1% | 1.27B▲ 0% |
Equity Growth % | 14.27% | 4.38% | 16.56% | -2.78% | 2.84% | -21.18% | 10.37% | -18.22% | -17.08% | -38.28% |
Book Value per Share | 39.99 | 41.22 | 47.83 | 46.42 | 46.19 | 36.88 | 42.05 | 36.05 | 34.39 | 36.41 |
Total Shareholders' Equity | 1.71B | 1.79B | 1.93B | 1.9B | 1.84B | 1.65B | 1.82B | 1.49B | 1.23B | 1.27B |
Common Stock | 473K | 475K | 477K | 485K | 492K | 495K | 500K | 500K | 500K | 500K |
Retained Earnings | 1.4B | 1.48B | 1.54B | 1.29B | 1.29B | 1.49B | 1.76B | 2.07B | 2.37B | 2.45B |
Treasury Stock | -172.34M | -172.34M | -172.34M | -172.34M | -172.34M | -463.18M | -760.8M | -1.42B | -2.22B | 0 |
Accumulated OCI | -90.8M | -117.29M | -115.45M | -82.94M | -122.52M | -306.34M | -229.2M | -312.3M | -128.1M | -178.3M |
Minority Interest | 9.22M | 10.23M | 166.45M | 130.24M | 254.11M | 0 | 0 | 0 | 0 | 0 |
WEX Cash Flow Statement
WEX Inc. (WEX) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 132.95M | 400.23M | 663.17M | 857.02M | 150.4M | 679.4M | 907.9M | 481.4M | 454.3M | 605.1M |
Operating CF Margin % | 10.65% | 26.81% | 38.47% | 54.94% | 8.13% | 28.9% | 35.63% | 18.32% | 17.07% | - |
Operating CF Growth % | 187.97% | 201.04% | 65.7% | 29.23% | -82.45% | 351.73% | 33.63% | -46.98% | -5.63% | 15169.6% |
Net Income | 159.17M | 169.78M | 155.29M | -280.48M | 136.14M | 167.5M | 266.6M | 309.6M | 304.1M | 310.4M |
Depreciation & Amortization | 203.72M | 199.81M | 237.13M | 261.93M | 272.64M | 263.9M | 276.2M | 321.3M | 331.1M | 249.6M |
Stock-Based Compensation | 30.49M | 33.89M | 45.81M | 63.86M | 74.8M | 97.9M | 127M | 112.2M | 0 | 65.2M |
Deferred Taxes | -888K | 31.33M | 19.67M | -29.34M | 12.88M | -60.2M | -21.3M | 0 | 43.6M | 0 |
Other Non-Cash Items | 85.17M | 104.5M | 104.47M | 251.93M | 72.92M | 405.8M | 264.8M | 109.6M | 189.5M | -123.8M |
Working Capital Changes | -344.71M | -139.08M | 100.81M | 589.13M | -418.98M | -195.5M | -5.4M | -371.3M | -414M | 181.5M |
Change in Receivables | -542.02M | -201.64M | -67.64M | 592.95M | -959.13M | -602.7M | -195.1M | 325.2M | -400.6M | 0 |
Change in Inventory | -2.38M | 68.25M | 0 | 164.8M | 959.13M | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 194.54M | -3.59M | 139.19M | -183.71M | 252.97M | 348.7M | 115.4M | -396.3M | -20.1M | 0 |
Cash from Investing | -163.5M | -254.18M | -990.61M | -329.09M | -1.6B | -716.7M | -2.14B | -960.6M | -696.9M | -1.2B |
Capital Expenditures | -79.28M | -87.15M | -102.86M | -80.47M | -86.04M | -112.9M | -143.6M | -147.3M | -213.7M | -204.1M |
CapEx % of Revenue | 6.35% | 5.84% | 5.97% | 5.16% | 4.65% | 4.8% | 5.64% | 5.6% | 8.03% | 7.56% |
Acquisitions | -84.38M | -165.52M | -882.42M | -243.17M | -558.78M | 0 | -402M | -900K | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 25.5M | -4.27M | 0 | 837K | 0 | -3.4M | -4.5M | -5M | 4.8M | -100K |
Cash from Financing | 359.38M | -102.73M | 749.77M | -179.26M | 1.4B | 681.3M | 1.57B | -260.3M | 418.9M | 523.6M |
Debt Issued (Net) | 196.11M | -72.43M | 582.02M | -172.09M | -237.75M | -129M | 1.06B | 514.5M | 480.2M | -8.68B |
Equity Issued (Net) | 0 | 2.43M | 0 | 90M | 44.2M | -277.83M | -303.4M | -652M | -799.8M | -9.8M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -9.53M | 0 | 0 | 0 | 0 | -282.79M | -303.4M | -652M | -799.8M | -9.8M |
Other Financing | 163.27M | -32.73M | 167.75M | -97.16M | 1.6B | 1.09B | 813M | -122.8M | 738.5M | 9.21B |
Net Change in Cash | 317.14M▲ 0% | 32.65M▼ 89.7% | 426.35M▲ 1206.0% | 348.27M▼ 18.3% | -72.81M▼ 120.9% | 602.9M▲ 928.0% | 370.3M▼ 38.6% | -793M▼ 314.2% | 241.4M▲ 130.4% | -37.2M▲ 0% |
Free Cash Flow | 53.67M▲ 0% | 313.08M▲ 483.3% | 560.31M▲ 79.0% | 776.55M▲ 38.6% | 64.36M▼ 91.7% | 563.2M▲ 775.1% | 763.9M▲ 35.6% | 334.1M▼ 56.3% | 313.7M▼ 6.1% | 459.6M▲ 0% |
FCF Margin % | 4.3% | 20.97% | 32.51% | 49.78% | 3.48% | 23.96% | 29.98% | 12.71% | 11.79% | 17.03% |
FCF Growth % | 124.74% | 483.3% | 78.97% | 38.59% | -91.71% | 775.12% | 35.64% | -56.26% | -6.11% | 3806.45% |
FCF per Share | 1.25 | 7.18 | 12.80 | 17.71 | 1.42 | 12.59 | 17.64 | 8.09 | 8.74 | 13.13 |
FCF Conversion (FCF/Net Income) | 0.83x | 2.38x | 6.70x | -3.52x | 1503.98x | 3.37x | 3.41x | 1.55x | 1.49x | 1.48x |
Interest Paid | 128.89M | 141.48M | 175.99M | 0 | 132.2M | 129.4M | 247.9M | 328.5M | 0 | 0 |
Taxes Paid | 6.68M | 39.23M | 50.96M | 0 | 50.6M | 142.8M | 130.3M | 131.9M | 0 | 0 |
WEX Key Ratios
WEX Inc. (WEX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.92% | 9.57% | 5.09% | -11.8% | 0% | 10.76% | 15.37% | 18.71% | 22.33% | 26.96% |
Return on Invested Capital (ROIC) | 4.89% | 7.88% | 7.48% | -1.73% | 6.74% | 11.04% | 13.28% | 10.24% | 9.63% | 10.82% |
Gross Margin | 58.81% | 63.29% | 61.72% | 56.84% | 62.06% | 60.41% | 61.8% | 60.52% | 54.86% | 57.44% |
Net Margin | 12.82% | 11.28% | 5.74% | -15.62% | 0.01% | 8.57% | 10.46% | 11.78% | 11.43% | 11.5% |
Debt / Equity | 1.41x | 1.31x | 1.44x | 1.54x | 1.41x | 1.70x | 2.12x | 2.99x | 3.94x | 1.28x |
Interest Coverage | 2.63x | 3.27x | 2.61x | -0.92x | 3.29x | 6.48x | 2.80x | 2.77x | 2.76x | 2.76x |
FCF Conversion | 0.83x | 2.38x | 6.70x | -3.52x | 1503.98x | 3.37x | 3.41x | 1.55x | 1.49x | 1.48x |
Revenue Growth | 23.32% | 19.55% | 15.48% | -9.5% | 18.64% | 27.02% | 8.4% | 3.15% | 1.24% | 3.29% |
Related:WEX Dividend History·WEX Revenue History·WEX Price History·WEX P/E History·WEX Financial Ratios·WEX Institutional Holders
WEX SEC Filings & Documents
WEX Inc. (WEX) SEC filings — annual & quarterly reports (10-K, 10-Q)
WEX Frequently Asked Questions
WEX Inc. (WEX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
WEX Inc. (WEX) reported $2.70B in revenue for fiscal year 2025. This represents a 1619% increase from $156.9M in 2003.
WEX Inc. (WEX) grew revenue by 1.2% over the past year. Growth has been modest.
Yes, WEX Inc. (WEX) is profitable, generating $310.4M in net income for fiscal year 2025 (11.4% net margin).
Dividend & Returns
WEX Inc. (WEX) has a return on equity (ROE) of 22.3%. This is excellent, indicating efficient use of shareholder capital.
WEX Inc. (WEX) generated $459.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.