WEX Inc. (WEX) — Financial statements
Income statement, balance sheet, and cash flow for WEX Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,661↑1.2% | 2,628↑3.1% | 2,548↑8.4% | 2,351↑27.0% | 1,851 | |
| Cost of Revenue | 1,201↑15.8% | 1,038↑6.6% | 973↑4.6% | 931↑32.5% | 702 | |
| Gross Profit | 1,460↓8.2% | 1,591↑1.0% | 1,575↑10.9% | 1,420↑23.7% | 1,148 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 74 | |
| General & Administrative Expenses | 330↓12.1% | 376↓12.2% | 428↑24.5% | 344↑5.2% | 327 | |
| Selling & Marketing Expenses | 387↑13.5% | 341↑4.0% | 328↑5.1% | 312↓2.3% | 319 | |
| SG&A Expenses | 717↑0.1% | 717↓5.2% | 756↑15.3% | 656↑1.5% | 646 | |
| Other Expenses | 66↓64.6% | 187↑9.1% | 172↓41.7% | 295↑241.8% | 86 | |
| Operating Expenses | 784↓13.3% | 904↓2.5% | 928↓2.4% | 950↑17.8% | 806 | |
| Total Costs & Expenses | 1,985↑2.2% | 1,942↑2.2% | 1,901↑1.1% | 1,881↑24.7% | 1,509 | |
| Operating Results | ||||||
| Operating Income | 676↓1.5% | 686↑6.1% | 647↑37.7% | 470↑37.4% | 342 | |
| Depreciation & Amortization | 331↑3.1% | 321↑16.3% | 276↑4.7% | 264↓3.2% | 273 | |
| EBITDA | 995↑2.0% | 975↑14.8% | 850↑48.6% | 572↑1.1% | 566 | |
| EBIT | 664↑1.5% | 654↑14.0% | 573↑86.2% | 308↑5.1% | 293 | |
| Interest & Other Income | ||||||
| Net Interest Income | -241↓2.0% | -236↓15.3% | -205↓330.7% | -48↑46.7% | -89 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 241↑2.0% | 236↑15.3% | 205↑330.7% | 48↓46.7% | 89 | |
| Non-Operating Income | 12↓62.6% | 33↓55.8% | 74↓54.4% | 162↑230.9% | 49 | |
| Other Income / Expenses | -256↑4.7% | -269↑3.5% | -278↓33.0% | -209↓51.6% | -138 | |
| Income Before Tax | 420↑0.6% | 418↑13.3% | 369↑41.6% | 261↑27.8% | 204 | |
| Income Tax Expense | 116↑7.3% | 108↑5.9% | 102↑9.8% | 93↑37.3% | 68 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 304↓1.8% | 310↑16.1% | 267↑59.3% | 167↑23.0% | 136 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 304↓1.8% | 310↑16.1% | 267↑32.4% | 201↑201300.0% | 0.10 | |
| Bottom-Line Net Income | 304↓1.8% | 310↑16.1% | 267↑32.4% | 201↑201300.0% | 0.10 | |
| EPS (Basic) | 8.57↑12.9% | 7.59↑21.8% | 6.23↑37.2% | 4.54↑206263.6% | 0.00 | |
| EPS (Diluted) | 8.47↑12.9% | 7.50↑21.8% | 6.16↑36.9% | 4.50↑204445.5% | 0.00 | |
| Weighted Average Shares | 36↓13.0% | 41↓4.7% | 43↓3.6% | 44↓0.7% | 45 | |
| Weighted Average Diluted Shares | 36↓13.1% | 41↓4.6% | 43↓3.2% | 45↓1.3% | 45 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.