WEX Inc. (WEX) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2025, WEX reported revenue of $2.66B, up 1.2% from $2.63B the year before. Net income was $304.1M (a 11.4% net margin), or $8.47 per diluted share. Gross margin was 58.6% and operating margin was 25.0%. Operating activities generated $454.3M of cash, leaving $313.7M of free cash flow. At fiscal year end, WEX held $14.40B in total assets against $13.16B in total liabilities, including $905.8M of cash and equivalents.
Open the full interactive WEX financials → Quarterly statements, key ratios, valuation history and price charts.
WEX Key Stats
| Share Price | $174.71 |
|---|---|
| Market Cap | $6.10B |
| P/E Ratio | 20.6 |
| Revenue YoY Growth | +1.2% |
| 52-Week Range | $126.86 – $203.25 |
| Shares Outstanding | 34.7 million (basic, 2026 Q2) |
WEX Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.56B | $1.85B | $2.35B | $2.55B | $2.63B | $2.66B |
| Gross Profit | $886.7M | $1.15B | $1.42B | $1.57B | $1.59B | $1.56B |
| Operating Income | -$91.7M | $342.0M | $469.8M | $647.1M | $686.3M | $663.9M |
| Pre-Tax Income | -$301.1M | $203.9M | $260.5M | $368.8M | $417.8M | $420.2M |
| Income Tax | -$20.6M | $67.8M | $93.1M | $102.2M | $108.2M | $116.1M |
| Net Income | -$283.9M | $135.3M | $167.2M | $266.6M | $309.6M | $304.1M |
| Diluted EPS | -$5.56 | — | $4.50 | $6.16 | $7.50 | $8.47 |
WEX Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $691.8M | $672.8M | $673.8M | $753.5M |
| Net Income | $80.3M | $84.2M | $77.7M | $108.5M |
| Diluted EPS | $2.30 | $2.35 | $2.22 | $3.11 |
WEX Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $852.0M | $588.9M | $922.0M | $975.8M | $595.8M | $905.8M |
| Current Assets | $3.50B | $5.30B | $6.82B | $8.94B | $8.52B | $9.71B |
| Total Assets | $8.18B | $10.31B | $11.53B | $13.88B | $13.32B | $14.40B |
| Current Liabilities | $2.74B | $4.40B | $6.29B | $8.52B | $8.33B | $9.29B |
| Total Long-Term Debt | $3.03B | $2.85B | $2.72B | $2.88B | $3.13B | $3.59B |
| Total Liabilities | $6.15B | $8.21B | $9.88B | $12.06B | $11.83B | $13.16B |
| Shareholders' Equity | $1.90B | $1.84B | $1.65B | $1.82B | $1.49B | $1.23B |
WEX Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $857.0M | $150.4M | $679.4M | $907.9M | $481.4M | $454.3M |
| Cash From Investing | -$329.1M | -$1.60B | -$716.7M | -$2.14B | -$960.6M | -$696.9M |
| Cash From Financing | -$179.3M | $1.40B | $681.3M | $1.57B | -$260.3M | $418.9M |
| Free Cash Flow | $776.5M | $64.4M | $566.5M | $764.3M | $334.1M | $313.7M |
Figures from WEX's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full WEX financials page for every line item.
WEX Company Profile
| Ticker | WEX |
|---|---|
| Exchange | NYSE |
| Industry | Business Services (Other) (Services) |
| Headquarters | Portland, Maine |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001309108 |
Frequently Asked Questions
What was WEX's revenue in fiscal 2025?
WEX (WEX) reported revenue of $2.66B for fiscal 2025.
What is WEX's annual revenue history?
WEX's annual revenue by fiscal year: 2020: $1.56B; 2021: $1.85B; 2022: $2.35B; 2023: $2.55B; 2024: $2.63B; 2025: $2.66B.
What was WEX's net income in fiscal 2025?
WEX reported net income of $304.1M for fiscal 2025.
What was WEX's earnings per share (EPS) in fiscal 2025?
WEX's diluted EPS was $8.47 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did WEX generate in fiscal 2025?
WEX generated $313.7M of free cash flow in fiscal 2025.
What was WEX's revenue last quarter?
In its most recent reported quarter (2026 Q2), WEX reported revenue of $753.5M.
How much debt does WEX have?
WEX reported $3.59B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of WEX are outstanding?
WEX reported a weighted average of 34.7 million basic shares outstanding in 2026 Q2.
What is WEX's market cap?
Based on its latest closing price, WEX (WEX) has a market capitalization of about $6.10B.
When does WEX's fiscal year end?
WEX's fiscal year end, as registered with the SEC, is December 31.
Where is WEX headquartered?
WEX lists its business address in Portland, Maine in its SEC filings.