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Company research / WEX

WEX Inc. (WEX)

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CIK 0001309108 · NYSE · Services-Business Services, NEC

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, WEX Inc. reported revenue of $2.66B. Revenue grew 1.2% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.79B.

Key ratios (year ended 2025-12-31)

58.6%
Gross margin (computed)
25.0%
Operating margin
11.4%
Net margin
24.6%
Return on year-end equity
1.2%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-10-07

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.79B$2.66B$2.63B$2.55B$2.35B$1.85B$1.56B$1.72B$1.49B$1.25B$1.01B
Cost of Revenue$1.13B$1.10B$1.04B$973.30M$930.50M$702.10M$673.17M$659.77M$547.93M$514.28M$458.81M
Gross Profit (computed)$1.66B$1.56B$1.59B$1.57B$1.42B$1.15B$886.69M$1.06B$944.71M$734.29M$553.68M
Operating Income$711.20M$663.90M$686.30M$647.10M$469.80M$342.00M-$91.67M$385.84M$380.64M$233.42M$158.53M
Depreciation & Amortization$330.20M$331.10M$321.30M$276.20M$263.90M$272.60M$261.93M$237.13M$199.81M$203.72M$141.65M
EBITDA$1.04B$995.00M$1.01B$923.30M$733.70M$614.60M$170.25M$622.97M$580.44M$437.15M$300.18M
Net Income$350.70M$304.10M$309.60M$266.60M$167.20M$135.30M-$283.95M$156.32M$168.29M$160.06M$60.64M
EPS (Diluted)n/a$8.47$7.50$6.16$4.50$0.00-$5.56$2.26$3.86$3.71$0.57
Total Assets$16.50B$14.40B$13.32B$13.88B$11.53B$10.31B$8.18B$8.30B$6.77B$6.69B$6.00B
Total Liabilities$15.15B$13.16B$11.83B$12.06B$9.88B$8.21B$6.15B$6.21B$4.97B$5.06B$4.49B
Long-Term Debtn/an/an/an/an/an/an/a$2.69B$2.13B$2.03Bn/a
Shareholders' Equity$1.34B$1.23B$1.49B$1.82B$1.65B$1.84B$1.90B$1.93B$1.79B$1.62B$1.50B
Cash & Equivalents$1.16B$905.80M$595.80M$975.80M$922.00M$588.90M$852.03M$810.93M$541.50M$503.52M$190.93M
Operating Cash Flow$262.90M$454.30M$481.40M$907.90M$679.40M-$42.60M$736.80M$663.17M$400.23M$135.43M-$141.19M
Capital Expenditures$154.40M$140.60M$147.30M$143.60M$112.90M$86.00M$80.47M$102.86M$87.15M$79.28M$61.80M
Free Cash Flow$108.50M$313.70M$334.10M$764.30M$566.50M-$128.60M$656.33M$560.31M$313.08M$56.15M-$202.99M
Share Repurchases$63.90M$799.80M$652.00M$303.40M$282.80M$0$0n/an/a$0$0
Shares Outstanding34.30M34.30M39.00M41.90M43.20M44.83M44.19M43.32M43.13M43.02M42.84M
Weighted Average Diluted Sharesn/a35.90M41.30M43.30M44.70M45.30M43.84M43.77M43.57M43.10M40.91M
EPS (Basic)n/a$8.57$7.59$6.23$4.54$0.00-$5.56$2.29$3.90$3.72$0.58

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