WEX
WEX Inc.
$148.70
-4.44 (-2.90%)
At close · Jul 8
Market Cap
$5.16B
Shares
34,668,143
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$2.66B
+1.2%
FY2025
Net Income
$304.1M
-1.8%
FY2025
Gross Margin
58.64%
-1.9pp
FY2025
Operating Margin
24.95%
-1.2pp
FY2025
Diluted EPS
$8.47
+12.9%
FY2025
Operating Cash Flow
$454.3M
-5.6%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.7B | $2.66B | $2.63B | $2.55B | $2.35B | $1.85B | $1.56B | $1.72B | $1.49B | $1.25B | $1.01B | $854.64M | $817.65M | $717.46M | $623.15M | $553.08M | $390.41M | $315.2M | $388.16M | |
| — | — | — | — | — | $4.49M | $5.85M | $9.3M | $16.17M | $31.91M | $17.13M | $7.17M | $6.67M | — | — | — | — | — | — | |
| $1.11B | $1.1B | $1.04B | $973.3M | $930.5M | $702.1M | $673.18M | $659.77M | $547.93M | $514.29M | $458.81M | $3.24M | — | — | — | — | — | — | — | |
| $1.59B | $1.56B | $1.59B | $1.57B | $1.42B | $1.15B | $886.69M | $1.06B | $944.71M | $734.29M | $553.68M | $851.4M | — | — | — | — | — | — | — | |
| — | 58.64% | 60.51% | 61.8% | 60.41% | 62.06% | 56.84% | 61.72% | 63.29% | 58.81% | 54.69% | 99.62% | — | — | — | — | — | — | — | |
| $400.7M | $387M | $341M | $327.8M | $311.8M | $319.1M | $266.68M | $259.87M | $229.23M | $163.65M | $130.83M | — | — | — | — | — | — | — | — | |
| $343.8M | $330.2M | $375.8M | $428M | $343.9M | $326.9M | $292.11M | $275.81M | $209.32M | $184.34M | $185.56M | — | — | — | — | — | — | — | — | |
| — | $191.9M | $201.8M | $184M | $170.5M | $181.7M | $171.1M | $159.4M | $138.2M | $153.8M | $97.8M | $47.79K | $40.62M | $33.15M | $23.47M | $22.41M | $11.28M | $5.07M | — | |
| $331.2M | $331.1M | $321.3M | $276.2M | $263.9M | $272.6M | $261.93M | $237.13M | $199.81M | $203.72M | $141.65M | $83.08M | $70.38M | $60.56M | $50.27M | $48.11M | $31.5M | $22.6M | $20.59M | |
| — | — | $12.3M | — | $9.2M | $5.4M | — | — | — | $7.14M | $7.49M | $9.01M | $0 | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | $1.01B | $823.33M | $625.84M | $511.41M | $440.72M | $401.53M | $319.75M | $239.7M | $197.05M | $226.73M | |
| $664.8M | $663.9M | $686.3M | $647.1M | $469.8M | $342M | -$91.67M | $385.84M | $380.64M | $233.42M | $158.53M | $228.79M | $306.24M | $276.74M | $221.62M | $233.32M | $150.71M | $118.15M | $161.43M | |
| — | 24.95% | 26.11% | 25.4% | 19.99% | 18.48% | -5.88% | 22.38% | 25.5% | 18.7% | 15.66% | 26.77% | 37.45% | 38.57% | 35.56% | 42.19% | 38.6% | 37.48% | 41.59% | |
| $996M | $995M | $1.01B | $923.3M | $733.7M | $614.6M | $170.25M | $622.97M | $580.44M | $437.15M | $300.18M | $311.87M | $376.62M | $337.3M | $271.89M | $281.44M | $182.21M | $140.75M | $182.02M | |
| — | — | — | — | $130.69M | $128.42M | $157.08M | $134.68M | $105.02M | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | $900K | -$800K | $15.3M | -$600K | -$2.15M | -$1.33M | $33K | $2.09M | $715K | $214K | $599K | — | |
| $428.3M | $420.2M | $417.8M | $368.8M | $260.5M | $203.9M | -$301.08M | $216.52M | $238.62M | $174.42M | $48.93M | $184.91M | $301.64M | $238.4M | $206.18M | $208.61M | $145.08M | $225.24M | $195.77M | |
| $118M | $116.1M | $108.2M | $102.2M | $93.1M | $67.8M | -$20.6M | $61.22M | $68.84M | $15.45M | $28.59M | $75.3M | $101.62M | $90.1M | $109.47M | $74.98M | $57.45M | $85.59M | $68.13M | |
| $310.3M | $304.1M | $309.6M | $266.6M | $167.2M | $135.3M | -$283.95M | $156.32M | $168.3M | $160.06M | $60.64M | $111.32M | $202.21M | $149.21M | $96.92M | $133.62M | $87.63M | $139.66M | $127.64M | |
| — | 11.43% | 11.78% | 10.46% | 7.11% | 7.31% | -18.2% | 9.07% | 11.27% | 12.82% | 5.99% | 13.03% | 24.73% | 20.8% | 15.55% | 24.16% | 22.45% | 44.31% | 32.88% | |
| — | — | $0 | $0 | $300K | $800K | $3.47M | -$1.03M | $1.48M | -$1.1M | -$3.16M | -$1.71M | -$2.19M | -$910K | -$213K | — | — | — | — | |
| $310.3M | $304.1M | $309.6M | $266.6M | $201.4M | $100K | -$243.64M | $99.01M | $168.3M | $160.06M | — | — | — | — | $96.92M | $133.62M | $87.63M | $139.66M | — | |
| $377.1M | $488.2M | $226.5M | $343.7M | -$16.6M | $98M | -$256.91M | $158.17M | $140.23M | $194.81M | -$6.55M | $67.56M | $167.13M | $93.8M | $103.71M | $136.61M | $115.52M | — | — | |
| USD/shares | — | $8.57 | $7.59 | $6.23 | $4.54 | $0.00 | -$5.56 | $2.29 | $3.90 | $3.72 | $0.58 | $2.63 | $5.20 | $3.83 | $2.50 | $3.45 | $2.28 | $3.65 | $3.28 |
| USD/shares | — | $8.47 | $7.50 | $6.16 | $4.50 | $0.00 | -$5.56 | $2.26 | $3.86 | $3.71 | $0.57 | $2.62 | $5.18 | $3.82 | $2.48 | $3.43 | $2.25 | $3.55 | $3.22 |
| shares | — | 35.5M | 40.8M | 42.8M | 44.4M | 44.7M | 43.84M | 43.32M | 43.16M | 42.98M | 40.81M | 38.77M | 38.89M | 38.95M | 38.84M | 38.69M | 38.49M | 38.3M | 38.89M |
| shares | — | 35.9M | 41.3M | 43.3M | 44.7M | 45.3M | 43.84M | 43.77M | 43.57M | 43.11M | 40.91M | 38.84M | 39M | 39.1M | 39.09M | 39M | 39.05M | 39.36M | 39.79M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $2.17B in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
16.75×
Software - Infrastructure median 27.90×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Mobility Segment | $1,386,000,000 | $1,400,800,000 | $1,382,700,000 | $1,443,700,000 | — | — | — | — |
| Benefits Segment | $797,400,000 | $739,500,000 | $668,400,000 | $504,500,000 | — | — | — | — |
| Corporate Payments Segment | $477,400,000 | $487,800,000 | $496,900,000 | — | — | — | — | — |
| Fleet Solutions | — | — | — | — | $1,111,415,000 | $918,310,000 | $1,038,395,000 | $975,140,000 |
| Healthand Employee Benefit Solutions | — | — | — | — | $414,209,000 | $363,719,000 | $317,470,000 | $214,155,000 |
| Traveland Corporate Solutions | — | — | — | $402,308,000 | $324,918,000 | $277,840,000 | $367,826,000 | $303,344,000 |
By Geography (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| United States | $2,335,700,000 | $2,289,500,000 | $2,193,800,000 | $2,062,000,000 | $1,642,700,000 | $1,401,144,000 | $1,535,985,000 | $1,287,405,000 |
| Non Us | $325,000,000 | $338,700,000 | $354,200,000 | $288,500,000 | — | — | — | — |
| Other International | — | — | — | — | $207,800,000 | $158,725,000 | $187,706,000 | $205,234,000 |
By Product & Service (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Payment Processing Revenue | $1,142,800,000 | $1,200,500,000 | $1,213,700,000 | $1,155,900,000 | $859,000,000 | $698,891,000 | $825,592,000 | $723,991,000 |
| Account Servicing Revenue | $726,000,000 | $690,600,000 | $646,400,000 | $569,300,000 | $526,900,000 | $449,456,000 | $413,552,000 | $308,096,000 |
| Product And Service Other | $470,700,000 | $438,900,000 | $373,700,000 | $264,900,000 | — | — | — | — |
| Finance Fee Revenue | $321,300,000 | $298,200,000 | $314,200,000 | $360,500,000 | $255,300,000 | $198,523,000 | $247,318,000 | $208,627,000 |
| Other Revenue | — | — | $373,700,000 | $264,900,000 | $209,400,000 | $212,999,000 | $237,229,000 | $251,925,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|
| Fleet Solutions | $485,539,000 | $459,646,000 | $369,872,000 |
| Traveland Corporate Solutions | $168,786,000 | $135,379,000 | $96,660,000 |
| Healthand Employee Benefit Solutions | $80,283,000 | $44,931,000 | $46,846,000 |
Operating Margin by Segment (%)
| Component | 2019-12-31 | 2018-12-31 |
|---|---|---|
| Fleet Solutions | 46.8% | 47.1% |
| Healthand Employee Benefit Solutions | 25.3% | 21% |
| Traveland Corporate Solutions | 45.9% | 44.6% |
Key facts
CIK
1309108
CUSIP
96208T104
13F (30d)
10 filings
9 filers
Visit website
Investor relations