Financials in USD. Standardized financial statements.
A compact view of how WEX Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.66B | $2.63B | $2.55B | $2.35B | $1.85B | $1.56B | $1.72B | $1.49B | $1.25B | $1.01B |
| Revenue Growth? | +1.2% | +3.1% | +8.4% | +27.0% | +18.6% | -9.5% | +15.5% | +19.5% | +23.3% | 0.0% |
| Cost of Revenue? | $1.20B | $1.04B | $973.30M | $930.50M | $702.20M | $673.17M | $659.77M | $547.93M | $514.28M | $458.81M |
| Gross Profit? | $1.46B | $1.59B | $1.57B | $1.42B | $1.15B | $886.69M | $1.06B | $944.71M | $734.29M | $553.68M |
| Gross Margin? | +54.9% | +60.5% | +61.8% | +60.4% | +62.1% | +56.8% | +61.7% | +63.3% | +58.8% | +54.7% |
| Operating Expenses? | $783.60M | $904.20M | $927.60M | $950.30M | $806.40M | $978.37M | $678.08M | $564.07M | $500.87M | $395.16M |
| Operating Income? | $676.00M | $686.30M | $647.10M | $469.80M | $342.00M | -$91.67M | $385.84M | $380.64M | $233.42M | $158.53M |
| EBITDA? | $994.90M | $975.00M | $849.60M | $571.90M | $565.70M | $117.92M | $588.32M | $543.45M | $485.21M | $304.00M |
| Income Before Tax | $420.20M | $417.80M | $368.80M | $260.50M | $203.90M | -$301.08M | $216.52M | $238.62M | $174.42M | $48.93M |
| Income Tax Expense | $116.10M | $108.20M | $102.20M | $93.10M | $67.80M | -$20.60M | $61.22M | $68.84M | $15.45M | $28.59M |
| Net Income? | $304.10M | $309.60M | $266.60M | $201.40M | $100,000 | -$243.64M | $99.01M | $168.29M | $160.06M | $23.50M |
| EPS? | $8.57 | $7.59 | $6.23 | $4.54 | $0.00 | $-6.40 | $3.59 | $3.90 | $3.73 | $1.49 |
| Diluted EPS? | $8.47 | $7.50 | $6.16 | $4.50 | $0.00 | $-6.40 | $3.55 | $3.86 | $3.73 | $1.48 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality