WEX Inc. financials

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WEX CIK 0001309108

Source: EDGAR filings · Built 2026-06-02T04:23:01Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 313.70M 334.10M 764.30M 566.50M -128.60M 656.33M
EBITDA 995.00M 1.01B 923.30M 733.70M 614.60M 170.25M
Working Capital 426.40M 188.20M 416.10M 523.00M 899.81M 761.99M
Net Debt 4.07B 3.90B 3.03B 1.93B 2.41B 2.27B
Gross Margin 40.36% 44.42% 47.06% 44.93% 47.83% 40.37%
Operating Margin 35.98% 36.75% 35.20% 27.80% 25.41% -8.12%
Net Margin 16.48% 16.58% 14.50% 9.90% 10.05% -25.15%
Return on Equity (ROE) 24.63% 20.80% 14.64% 10.14% 7.36% -14.91%
Return on Assets (ROA) 2.11% 2.32% 1.92% 1.45% 1.31% -3.47%
Current Ratio 1.05× 1.02× 1.05× 1.08× 1.20× 1.28×
Debt-to-Equity 4.03× 3.02× 2.20× 1.73× 1.63× 1.64×
Effective Tax Rate 27.63% 25.90% 27.71% 35.74% 33.25% 6.84%
Cash Conversion Ratio 1.49× 1.55× 3.41× 4.06× -0.31× -2.59×
Accruals Ratio -0.01× -0.01× -0.05× -0.04× 0.02× -0.12×
SBC % of Revenue 5.44% 6.01% 6.91% 5.79% 5.56% 5.66%
CapEx Coverage 3.23× 3.27× 6.32× 6.02× -0.50× 9.16×
Free Cash Flow Per Share $8.74 $8.09 $17.65 $12.67 $-2.84 $14.97

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 17.59× 23.38× 31.58× 36.37× — —
P/FCF 17.05× 21.67× 11.02× 12.91× — 13.60×
FCF Yield 5.87% 4.61% 9.07% 7.74% — 7.36%
EV / EBITDA 9.23× 10.66× 12.11× 12.27× 14.17× 66.18×
P/S 2.77× 3.66× 4.43× 4.18× 4.68× 7.97×
P/B 4.14× 4.59× 4.48× 4.29× 3.42× 4.72×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 1.85B 1.87B 1.84B 1.69B 1.35B 1.13B
Revenues 2.66B 2.63B 2.55B 2.35B 1.85B 1.56B
Cost of Revenue 1.10B 1.04B 973.30M 930.50M 702.10M 673.17M
Operating Income (Loss) 663.90M 686.30M 647.10M 469.80M 342.00M -91.67M
Income Tax Expense (Benefit) 116.10M 108.20M 102.20M 93.10M 67.80M -20.60M
Net Income (Loss) Attributable to Parent 304.10M 309.60M 266.60M 167.20M 135.30M -283.95M
Earnings Per Share, Basic $8.57 $7.59 $6.23 $4.54 $0.00 $-5.56
Weighted Average Number of Shares Outstanding, Basic 35.50M 40.80M 42.80M 44.40M 44.70M 43.84M
Earnings Per Share, Diluted $8.47 $7.50 $6.16 $4.50 $0.00 $-5.56
Weighted Average Number of Shares Outstanding, Diluted 35.90M 41.30M 43.30M 44.70M 45.30M 43.84M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 905.80M 595.80M 975.80M 922.00M 588.90M 852.00M
Assets, Current 9.71B 8.52B 8.94B 6.82B 5.30B 3.50B
Assets 14.40B 13.32B 13.88B 11.53B 10.31B 8.18B
Liabilities, Current 9.29B 8.33B 8.52B 6.29B 4.40B 2.74B
Long-term Debt, Excluding Current Maturities 3.53B 3.08B 2.83B 2.52B 2.70B 2.87B
Liabilities 13.16B 11.83B 12.06B 9.88B 8.21B 6.15B
Stockholders' Equity Attributable to Parent 1.23B 1.49B 1.82B 1.65B 1.84B 1.90B
Common Stock, Shares, Outstanding 34.30M 39.00M 41.90M 43.20M 44.83M 44.19M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 454.30M 481.40M 907.90M 679.40M -42.60M 736.80M
Payments to Acquire Property, Plant, and Equipment 140.60M 147.30M 143.60M 112.90M 86.00M 80.47M
Net Cash Provided by (Used in) Investing Activities -696.90M -960.60M -2.14B -716.70M -1.60B -329.09M
Payments for Repurchase of Common Stock 799.80M 652.00M 303.40M 282.80M 0 0
Net Cash Provided by (Used in) Financing Activities 418.90M -260.30M 1.57B 681.30M 1.60B -59.04M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (WEX CIK 0001309108), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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