WEX Inc. (WEX) Quarterly Income Statement

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WEX Inc. (WEX) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

WEX Income Statement

WEX Inc. (WEX) annual income statement — 23-year revenue, gross profit & net income history

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

Sales/Revenue	753.5M	673.8M	672.9M	691.8M	659.6M	636.6M	636.5M	665.5M	673.5M	652.7M	663.3M	651.4M	621.3M	612M	618.61M	616.1M	598.2M	517.5M	497.54M	482.76M
Revenue Growth %	14.24%	5.84%	5.72%	3.95%	-2.06%	-2.47%	-4.04%	2.16%	8.4%	6.65%	7.22%	5.73%	3.86%	18.26%	24.33%	27.62%	30.19%	25.99%	24.7%	26.34%
Cost of Goods Sold	333.3M	294.5M	306.6M	274.3M	272.8M	270M	257.5M	249.3M	263.7M	267.2M	255.9M	235.1M	235M	247.3M	251.83M	252.1M	224.3M	202.2M	192.74M	179.93M
COGS % of Revenue	44.23%	43.71%	45.56%	39.65%	41.36%	42.41%	40.46%	37.46%	39.15%	40.94%	38.58%	36.09%	37.82%	40.41%	40.71%	40.92%	37.5%	39.07%	38.74%	37.27%
Gross Profit	420.2M	379.3M	366.3M	417.5M	386.8M	366.6M	379M	416.2M	409.8M	385.5M	407.4M	416.3M	386.3M	364.7M	366.78M	364M	373.9M	315.3M	304.8M	302.83M
Gross Margin %	55.77%	56.29%	54.44%	60.35%	58.64%	57.59%	59.54%	62.54%	60.85%	59.06%	61.42%	63.91%	62.18%	59.59%	59.29%	59.08%	62.5%	60.93%	61.26%	62.73%
Gross Profit Growth %	8.63%	3.46%	-3.35%	0.31%	-5.61%	-4.9%	-6.97%	-0.02%	6.08%	5.7%	11.08%	14.37%	3.32%	15.67%	20.34%	20.2%	29.9%	24.64%	32.28%	34.45%
Operating Expenses	217M	221.2M	199.7M	233.9M	230M	209.3M	221.7M	219.8M	241.7M	221M	248.9M	241.4M	226.9M	210.4M	211.63M	342.7M	202.8M	193M	196.44M	202.01M
OpEx % of Revenue	28.8%	32.83%	29.68%	33.81%	34.87%	32.88%	34.83%	33.03%	35.89%	33.86%	37.52%	37.06%	36.52%	34.38%	34.21%	55.62%	33.9%	37.29%	39.48%	41.84%
Selling, General & Admin	217M	191.9M	199.7M	189.3M	184M	164.6M	175.3M	173M	194.7M	173.8M	202.5M	199.4M	185.1M	168.8M	171.82M	167.4M	163.9M	152.6M	154.32M	161.71M
SG&A % of Revenue	28.8%	28.48%	29.68%	27.36%	27.9%	25.86%	27.54%	26%	28.91%	26.63%	30.53%	30.61%	29.79%	27.58%	27.77%	27.17%	27.4%	29.49%	31.02%	33.5%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	203.2M	158.2M	166.6M	183.6M	156.8M	157.3M	157.3M	196.4M	168.1M	164.5M	158.5M	174.9M	159.4M	154.3M	155.15M	21.3M	171.1M	122.3M	108.36M	100.82M
Operating Margin %	26.97%	23.48%	24.76%	26.54%	23.77%	24.71%	24.71%	29.51%	24.96%	25.2%	23.9%	26.85%	25.66%	25.21%	25.08%	3.46%	28.6%	23.63%	21.78%	20.88%
Operating Income Growth %	29.59%	0.57%	5.91%	-6.52%	-6.72%	-4.38%	-0.76%	12.29%	5.46%	6.61%	2.16%	721.13%	-6.84%	26.17%	43.18%	-78.87%	107.95%	141.98%	154.97%	5364.61%
EBITDA	242.6M	239.8M	248.5M	222.6M	240.8M	238.8M	239.1M	277.9M	247.7M	242.9M	233.4M	242.4M	226.4M	221.1M	220.93M	87.4M	236.6M	188.8M	178.77M	169.35M
EBITDA Margin %	32.2%	35.59%	36.93%	32.18%	36.51%	37.51%	37.56%	41.76%	36.78%	37.21%	35.19%	37.21%	36.44%	36.13%	35.71%	14.19%	39.55%	36.48%	35.93%	35.08%
EBITDA Growth %	0.75%	0.42%	3.93%	-19.9%	-2.79%	-1.69%	2.44%	14.65%	9.41%	9.86%	5.64%	177.35%	-4.31%	17.11%	23.58%	-48.39%	58.65%	60.83%	237.28%	151.41%
D&A (Non-Cash Add-back)	39.4M	81.6M	81.9M	39M	84M	81.5M	81.8M	81.5M	79.6M	78.4M	74.9M	67.5M	67M	66.8M	65.78M	66.1M	65.5M	66.5M	70.41M	68.53M
EBIT	203.2M	162.1M	169.4M	180.2M	158.4M	153.4M	138M	199.5M	166M	150.3M	190.6M	99.2M	158M	151.1M	159.23M	-8.9M	80.4M	160.5M	131.91M	103.7M
Net Interest Income	-52.2M	-53.6M	-58.8M	-63.8M	-65M	-53M	-57.4M	-58.4M	-59.9M	-60.3M	-82.2M	-54.8M	-40.2M	-52.9M	-34.76M	-34.4M	-31.8M	-29.7M	-30.17M	-32.49M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	52.2M	53.6M	58.8M	63.8M	65M	53M	57.4M	58.4M	59.9M	60.3M	82.2M	54.8M	40.2M	52.9M	34.76M	34.4M	31.8M	29.7M	30.17M	32.49M
Other Income/Expense	-52.7M	-49.7M	-56.6M	-67.2M	-63.4M	-56.9M	-76.7M	-55.3M	-62M	-74.5M	-50.1M	-130.5M	-41.6M	-56.1M	-30.68M	-64.6M	-122.5M	8.5M	-6.62M	-29.61M
Pretax Income	150.5M	108.5M	110M	116.4M	93.4M	100.4M	80.6M	141.1M	106.1M	90M	108.4M	44.4M	117.8M	98.2M	124.47M	-43.3M	48.6M	130.8M	101.74M	71.21M
Pretax Margin %	19.97%	16.1%	16.35%	16.83%	14.16%	15.77%	12.66%	21.2%	15.75%	13.79%	16.34%	6.82%	18.96%	16.05%	20.12%	-7.03%	8.12%	25.28%	20.45%	14.75%
Income Tax	41.9M	30.8M	25.8M	36.2M	25.2M	28.9M	16.6M	38.2M	29.1M	24.2M	23.5M	26M	22.5M	30.2M	35.78M	800K	14.5M	42M	50.88M	19.34M
Effective Tax Rate %	27.84%	28.39%	23.45%	31.1%	26.98%	28.78%	20.6%	27.07%	27.43%	26.89%	21.68%	58.56%	19.1%	30.75%	28.74%	-1.85%	29.84%	32.11%	50.01%	27.16%
Net Income	108.5M	77.7M	84.3M	80.3M	68.1M	71.5M	63.9M	102.9M	77M	65.8M	84.9M	18.4M	95.3M	68M	88.69M	-44.1M	34.1M	122.8M	-11.76M	48.32M
Net Margin %	14.4%	11.53%	12.53%	11.61%	10.32%	11.23%	10.04%	15.46%	11.43%	10.08%	12.8%	2.82%	15.34%	11.11%	14.34%	-7.16%	5.7%	23.73%	-2.36%	10.01%
Net Income Growth %	59.32%	8.67%	31.92%	-21.96%	-11.56%	8.66%	-24.73%	459.24%	-19.2%	-3.24%	-4.27%	141.72%	179.47%	-44.63%	854.18%	-191.27%	200.72%	4887.52%	94.98%	173.39%
Net Income (Continuing)	108.5M	77.7M	84.2M	80.2M	68.2M	71.5M	64M	102.9M	77M	65.8M	84.9M	18.4M	95.3M	68M	88.69M	-44.1M	34.1M	88.8M	50.86M	51.87M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	254.11M	191.49M
EPS (Diluted)	3.11	2.22	2.41	2.30	1.98	1.81	1.60	2.52	1.83	1.55	1.98	0.42	2.20	1.56	2.02	-1.00	0.76	1.96	-0.26	1.07
EPS Growth %	57.07%	22.65%	50.63%	-8.73%	8.2%	16.77%	-19.19%	500%	-16.82%	-0.64%	-1.98%	142%	189.47%	-20.41%	876.92%	-193.46%	200%	3491%	95.09%	171.81%
EPS (Basic)	3.13	2.25	2.45	2.34	1.99	1.84	1.62	2.55	1.85	1.57	2.01	0.43	2.22	1.58	2.03	-1.00	0.76	1.98	-0.26	1.08
Diluted Shares Outstanding	34.9M	35M	35M	34.8M	34.4M	39.4M	40M	40.8M	42M	42.4M	42.8M	43.4M	43.4M	43.6M	43.98M	44.23M	45.08M	45.34M	44.88M	45.28M
Basic Shares Outstanding	34.7M	34.5M	34.4M	34.4M	34.3M	38.9M	39.4M	40.3M	41.7M	41.8M	42.3M	42.9M	42.9M	43.1M	43.66M	44.2M	44.8M	44.9M	44.88M	44.86M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-