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WEX (WEX) is a Financials company in the Russell 1000. Latest news and coverage below.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.02B | $1.25B | $1.49B | $1.72B | $1.56B | $1.85B | $2.35B | $2.55B | $2.63B | $2.66B |
| Growth (year over year) | +19.2% | +22.8% | +19.4% | +15.5% | −9.5% | +18.6% | +27.0% | +8.4% | +3.1% | +1.2% |
| Gross profit | $559.7M | $736.3M | $944.7M | $1.06B | $886.7M | $1.15B | $1.42B | $1.57B | $1.59B | $1.56B |
| Gross margin | 55.0% | 58.9% | 63.3% | 61.7% | 56.8% | 62.1% | 60.4% | 61.8% | 60.5% | 58.6% |
| Operating income | $158.5M | $233.4M | $380.6M | $385.8M | −$91.7M | $342.0M | $469.8M | $647.1M | $686.3M | $663.9M |
| Operating margin | 15.6% | 18.7% | 25.5% | 22.4% | −5.9% | 18.5% | 20.0% | 25.4% | 26.1% | 25.0% |
| Net income | $60.6M | $160.1M | $168.3M | $156.3M | −$283.9M | $135.3M | $167.2M | $266.6M | $309.6M | $304.1M |
| Net margin | 6.0% | 12.8% | 11.3% | 9.1% | −18.2% | 7.3% | 7.1% | 10.5% | 11.8% | 11.4% |
| EPS (diluted) | $0.57 | $3.71 | $3.86 | $2.26 | −$5.56 | $0.00 | $4.50 | $6.16 | $7.50 | $8.47 |
| Balance sheet | ||||||||||
| Cash and equivalents | $190.9M | $503.5M | $541.5M | $810.9M | $852.0M | $588.9M | $922.0M | $975.8M | $595.8M | $905.8M |
| Total assets | $6.00B | $6.69B | $6.77B | $8.30B | $8.18B | $10.3B | $11.5B | $13.9B | $13.3B | $14.4B |
| Total liabilities | $4.49B | $5.06B | $4.97B | $6.21B | $6.15B | $8.21B | $9.88B | $12.1B | $11.8B | $13.2B |
| Long-term debt | — | $2.03B | $2.13B | $2.69B | $2.87B | $2.70B | $2.52B | $2.83B | $3.08B | $3.53B |
| Shareholders' equity | $1.50B | $1.62B | $1.79B | $1.93B | $1.90B | $1.84B | $1.65B | $1.82B | $1.49B | $1.23B |
| Cash flow | ||||||||||
| Operating cash flow | −$141.2M | $135.4M | $400.2M | $663.2M | $736.8M | −$42.6M | $679.4M | $907.9M | $481.4M | $454.3M |
| Capital expenditure | $61.8M | $79.3M | $87.2M | $102.9M | $80.5M | $86.0M | $112.9M | $143.6M | $147.3M | $140.6M |
| Free cash flow | −$203.0M | $56.2M | $313.1M | $560.3M | $656.3M | −$128.6M | $566.5M | $764.3M | $334.1M | $313.7M |
| Share buybacks | $0 | $0 | — | — | $0 | $0 | $282.8M | $303.4M | $652.0M | $799.8M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $665.5M | $636.4M | $636.6M | $659.6M | $691.8M | $672.8M | $673.8M | $753.5M |
| Growth (year over year) | +2.2% | −4.1% | −2.5% | −2.1% | +4.0% | +5.7% | +5.8% | +14.2% |
| Gross profit | $416.3M | $378.8M | $366.6M | $386.9M | $417.5M | $389.2M | $393.7M | $463.8M |
| Gross margin | 62.6% | 59.5% | 57.6% | 58.7% | 60.3% | 57.8% | 58.4% | 61.6% |
| Operating income | $196.4M | $157.3M | $157.3M | $156.8M | $183.6M | $166.2M | $158.2M | $203.2M |
| Operating margin | 29.5% | 24.7% | 24.7% | 23.8% | 26.5% | 24.7% | 23.5% | 27.0% |
| Net income | $102.9M | $63.9M | $71.5M | $68.1M | $80.3M | $84.2M | $77.7M | $108.5M |
| Net margin | 15.5% | 10.0% | 11.2% | 10.3% | 11.6% | 12.5% | 11.5% | 14.4% |
| EPS (diluted) | $2.52 | $1.60 | $1.81 | $1.98 | $2.30 | $2.38 | $2.22 | $3.11 |
| Balance sheet | ||||||||
| Cash and equivalents | $535.4M | $595.8M | $610.3M | $772.6M | $812.9M | $905.8M | $633.5M | $1.16B |
| Total assets | $14.0B | $13.3B | $14.0B | $14.7B | $14.4B | $14.4B | $15.4B | $16.5B |
| Total liabilities | $12.3B | $11.8B | $13.2B | $13.7B | $13.3B | $13.2B | $14.2B | $15.2B |
| Long-term debt | $3.14B | $3.08B | $4.10B | $3.91B | $3.72B | $3.53B | $3.61B | $3.52B |
| Shareholders' equity | $1.68B | $1.49B | $810.4M | $978.7M | $1.12B | $1.23B | $1.27B | $1.34B |
| Cash flow | ||||||||
| Operating cash flow | $3.30M | $638.4M | −$481.6M | $264.6M | $376.6M | $294.7M | −$330.8M | −$77.6M |
| Capital expenditure | $35.0M | $38.7M | $32.6M | $34.6M | $35.0M | $38.4M | $37.5M | $43.5M |
| Free cash flow | −$31.7M | $599.7M | −$514.2M | $230.0M | $341.6M | $256.3M | −$368.3M | −$121.1M |
| Share buybacks | $370.0M | $108.4M | $790.0M | $9.70M | $100.0K | $0 | $0 | $63.8M |
From WEX's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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