WEX Inc. (WEX) quarterly cash flow statement — complete operating, investing & financing history
WEX Inc. (WEX) cash flow statement — 23-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -77.6M | -330.8M | 294.7M | 376.6M | 264.6M | -481.6M | 638.4M | 3.3M | -7M | -153.3M | 761.9M | 46.5M | 72.4M | 27.1M | 222.78M | 428M | 22.86M | -168.7M | 163.87M | 111.63M |
| Operating CF Margin % | -10.3% | -49.09% | 43.8% | 54.44% | 40.12% | -75.65% | 100.3% | 0.5% | -1.04% | -23.49% | 114.87% | 7.14% | 11.65% | 4.43% | 36.01% | 69.47% | 3.82% | -32.6% | 32.94% | 23.12% |
| Operating CF Growth % | -129.33% | 31.31% | -53.84% | 11312.12% | 3880% | -214.16% | -16.21% | -92.9% | -109.67% | -665.68% | 242% | -89.14% | 216.64% | 116.06% | 35.95% | 283.42% | -76.01% | 22.36% | 98.48% | 126.21% |
| Net Income | -77.7M | 77.7M | 84.3M | 80.2M | 68.1M | 71.5M | 63.9M | 102.9M | 76.9M | 65.8M | 84.9M | 18.4M | 95.3M | 68M | 88.69M | -44.1M | 34.13M | 88.8M | -11.76M | 51.87M |
| Depreciation & Amortization | -81.6M | 81.6M | 81.9M | 83.7M | 84M | 81.5M | 81.8M | 81.5M | 79.6M | 78.4M | 74.9M | 67.5M | 67M | 66.8M | 65.78M | 66.1M | 65.51M | 66.5M | 70.41M | 68.53M |
| Stock-Based Compensation | -27.5M | 27.5M | 0 | 33.5M | 31.7M | 12.6M | 22M | 0 | 33.4M | 28.1M | 35.3M | 30.5M | 35.9M | 25.3M | 21.14M | 28.2M | 0 | 23.7M | 0 | 21.73M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20.9M | 8.7M | -3M | -6.1M | -6.07M | -39.1M | -29.25M | 14.2M | 21.71M | 6.95M |
| Other Non-Cash Items | -439.1M | 30.7M | 128.5M | 53.9M | 24.6M | 14.1M | -381M | 32.8M | 24.8M | 34.2M | 67.3M | 109.7M | 22.8M | 65M | 54.04M | 222M | 162.29M | -7.6M | 73.96M | 13.53M |
| Working Capital Changes | 548.3M | -548.3M | 0 | 125.3M | 56.2M | -661.3M | 851.7M | -213.9M | -221.7M | -359.8M | 520.4M | -188.3M | -145.6M | -191.9M | -799K | 194.9M | -209.82M | -354.3M | 9.56M | -50.98M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 325.2M | 0 | 0 | 0 | 646.9M | -429.8M | -239.8M | -172.4M | 545.04M | 553.5M | -670.79M | -1.03B | 179.1M | -212.44M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -272M | 243.9M | 103.2M | 40.3M | -219.76M | -358M | 230.5M | 695.9M | -264.49M | 42.99M |
| Cash from Investing | -255.9M | -524.1M | -302.6M | 21.5M | -392.3M | -23.5M | -236.6M | -321.3M | -84.9M | -317.8M | -566.9M | -249M | -260.4M | -1.06B | -52.76M | -53.2M | -504.13M | -106.6M | -993.49M | -15.33M |
| Capital Expenditures | -43.5M | -37.5M | -97M | -35M | -34.6M | -32.6M | -38.7M | -35M | -39.6M | -34M | -41.9M | -36.4M | -34.7M | -30.6M | -37.4M | -29.9M | -21.44M | -24.2M | -30.56M | -18.44M |
| CapEx % of Revenue | 5.77% | 5.57% | 14.42% | 5.06% | 5.25% | 5.12% | 6.08% | 5.26% | 5.88% | 5.21% | 6.32% | 5.59% | 5.59% | 5% | 6.05% | 4.85% | 3.58% | 4.68% | 6.14% | 3.82% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -900K | 0 | 0 | -246.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -537K | 26K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.03B | -10.8M | 500K | 4.8M | 5.4M | -20.4M | 0 | 1M | -5M | -900K | 0 | -155.7M | 0 | -4.5M | 0 | -3.4M | 0 | 0 | -3.12M | 3.12M |
| Cash from Financing | 809.2M | 423.1M | 202.1M | -443.6M | 342M | 318.4M | -219.2M | -187.8M | -207.4M | 354.1M | -132M | 236.8M | 424.7M | 1.04B | -72.12M | 126.8M | 530.98M | 270.2M | 925.53M | 78.96M |
| Debt Issued (Net) | -2.17B | 425.2M | -170.5M | -418.3M | -211.3M | 1.11B | -125.4M | 217.2M | 166.8M | 247.3M | 253.2M | 317.2M | 398.8M | 194.5M | -84.78M | -132.57M | 11.86M | 76.5M | -136.72M | -27.43M |
| Equity Issued (Net) | -63.8M | 0 | 0 | -100K | -9.7M | -790M | -91.3M | -370M | -100M | -73.6M | -150.8M | -48.6M | -3.1M | -100.9M | -133.18M | -69M | -78.27M | 0 | 453K | 704K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -63.8M | 0 | 0 | -100K | -9.7M | -790M | -108.4M | -370M | -100M | -73.6M | -150.8M | -48.6M | -3.1M | -100.9M | -133.18M | -69M | -80.6M | 0 | 0 | 0 |
| Other Financing | 3.05B | -2.1M | 372.6M | -25.2M | 563M | -1.9M | -2.5M | -35M | -274.2M | 180.4M | -234.4M | -31.8M | 29M | 950.2M | 145.84M | 328.3M | 597.39M | 193.7M | 1.06B | 105.69M |
| Net Change in Cash | 470M | -438.1M | 197M | -50M | 253.9M | -159.4M | 121.8M | -466.5M | -303.4M | -148.3M | 113.1M | -2.1M | 238.6M | 20.6M | 158.23M | 447.2M | 4.91M | -7.5M | 94.57M | 160.74M |
| Free Cash Flow | -121.1M | -368.3M | 256.3M | 341.6M | 230M | -528.7M | 599.7M | -31.7M | -51.7M | -187.3M | 720M | 10.1M | 37.7M | -8M | 185.38M | 394.8M | 1.43M | -192.9M | 133.31M | 93.18M |
| FCF Margin % | -16.07% | -54.66% | 38.09% | 49.38% | 34.87% | -83.05% | 94.22% | -4.76% | -7.68% | -28.7% | 108.55% | 1.55% | 6.07% | -1.31% | 29.97% | 64.08% | 0.24% | -37.28% | 26.79% | 19.3% |
| FCF Growth % | -152.65% | 30.34% | -57.26% | 1177.6% | 544.87% | -182.27% | -16.71% | -413.86% | -237.14% | -2241.25% | 288.39% | -97.44% | 2541.91% | 95.85% | 39.06% | 323.68% | -98.14% | 18.12% | 115.92% | 199.1% |
| FCF per Share | -3.47 | -10.52 | 7.32 | 9.82 | 6.69 | -13.42 | 14.99 | -0.78 | -1.23 | -4.42 | 16.82 | 0.23 | 0.87 | -0.18 | 4.22 | 8.93 | 0.03 | -4.25 | 2.97 | 2.06 |
| FCF Conversion (FCF/Net Income) | -0.72x | -4.26x | 3.50x | 4.69x | 3.89x | -6.74x | 9.99x | 0.03x | -0.09x | -2.33x | 8.97x | 2.53x | 0.76x | 0.40x | 2.51x | -9.71x | 0.67x | -1.37x | -13.93x | 2.31x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |