WEX
Wex Inc
NYSE: WEX · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$154.66
+1.44% today
Updated 2026-04-29
Market cap
$5.36B
P/E ratio
17.42
P/S ratio
1.99x
EPS (TTM)
$8.88
Dividend yield
—
52W range
$120 – $187
Volume
0.5M
Wex Inc (WEX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.25M | $336.13M | $393.58M | $315.20M | $390.41M | $553.08M | $623.15M | $717.46M | $817.65M | $854.64M | $1.01B | $1.25B | $1.49B | $1.72B | $1.56B | $1.85B | $2.35B | $2.55B | $2.63B | $2.66B |
| Revenue growth (YoY) | — | +15.4% | +17.1% | -19.9% | +23.9% | +41.7% | +12.7% | +15.1% | +14.0% | +4.5% | +18.5% | +23.3% | +19.5% | +15.5% | -9.5% | +18.6% | +27.0% | +8.4% | +3.1% | +1.2% |
| Cost of revenue | $31.22M | $89.23M | $90.48M | $36.99M | $158.94M | $207.79M | $254.10M | $292.44M | $359.27M | $405.10M | $458.81M | $514.28M | $547.93M | $659.77M | $673.17M | $702.20M | $930.50M | $969.15M | $1.04B | $1.20B |
| Gross profit | $260.03M | $246.90M | $303.10M | $278.21M | $231.47M | $345.28M | $369.05M | $425.03M | $458.38M | $449.54M | $553.68M | $734.29M | $944.71M | $1.06B | $886.69M | $1.15B | $1.42B | $1.20M | $1.59B | $1.46B |
| Gross margin | 89.3% | 73.5% | 77.0% | 88.3% | 59.3% | 62.4% | 59.2% | 59.2% | 56.1% | 52.6% | 54.7% | 58.8% | 63.3% | 61.7% | 56.8% | 62.1% | 60.4% | 0.0% | 60.5% | 54.9% |
| R&D | $7.82M | $8.74M | $8.51M | $9.33M | $0.00 | $0.00 | $20.69M | $18.83M | $18.66M | $20.32M | $27.58M | $32.58M | $38.63M | $57.82M | $72.36M | $74.20M | $78.00M | $78.70M | — | — |
| SG&A | $71.67M | $32.26M | $11.69M | $86.54M | $15.70M | $21.24M | $22.08M | $28.18M | $32.86M | $20.62M | $185.56M | $184.34M | $209.32M | $275.81M | $292.11M | $326.90M | $343.90M | $725.03M | $375.80M | $330.20M |
| Operating income | $135.10M | $152.09M | $161.43M | $118.15M | $150.71M | $233.32M | $221.62M | $276.74M | $306.24M | $228.79M | $158.53M | $233.42M | $380.64M | $385.84M | $-91.67M | $342.00M | $469.80M | $14.81M | $686.30M | $676.00M |
| Operating margin | 46.4% | 45.2% | 41.0% | 37.5% | 38.6% | 42.2% | 35.6% | 38.6% | 37.5% | 26.8% | 15.7% | 18.7% | 25.5% | 22.4% | -5.9% | 18.5% | 20.0% | 0.6% | 26.1% | 25.4% |
| EBITDA | $147.18M | $167.81M | $263.20M | $264.31M | $181.90M | $268.39M | $291.88M | $328.38M | $408.06M | $314.17M | $304.00M | $485.21M | $543.45M | $588.32M | $117.92M | $565.70M | $571.90M | $14.81M | $975.00M | $994.90M |
| EBITDA margin | 50.5% | 49.9% | 66.9% | 83.9% | 46.6% | 48.5% | 46.8% | 45.8% | 49.9% | 36.8% | 30.0% | 38.9% | 36.4% | 34.1% | 7.6% | 30.6% | 24.3% | 0.6% | 37.1% | 37.4% |
| EBIT | $135.10M | $152.09M | $242.62M | $241.71M | $150.40M | $220.28M | $241.61M | $267.82M | $337.68M | $231.10M | $162.35M | $281.48M | $343.64M | $351.19M | $-144.00M | $293.10M | $308.00M | $14.81M | $653.70M | $663.80M |
| Interest expense | $14.45M | $12.68M | $46.85M | $16.46M | $5.31M | $11.68M | $10.43M | $29.42M | $36.04M | $46.19M | $113.42M | $107.07M | $105.02M | $134.68M | $157.08M | $89.20M | $47.50M | $157.19M | $235.90M | $240.60M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $74.61M | $51.58M | $127.64M | $139.66M | $87.63M | $133.62M | $96.92M | $149.21M | $202.21M | $101.90M | $23.50M | $160.06M | $168.29M | $99.01M | $-243.64M | $100000.00 | $201.40M | $14.81M | $309.60M | $304.10M |
| Net income growth (YoY) | — | -30.9% | +147.5% | +9.4% | -37.3% | +52.5% | -27.5% | +53.9% | +35.5% | -49.6% | -76.9% | +581.1% | +5.1% | -41.2% | -346.1% | +100.0% | +201300.0% | -92.6% | +1990.5% | -1.8% |
| Profit margin | 25.6% | 15.3% | 32.4% | 44.3% | 22.4% | 24.2% | 15.6% | 20.8% | 24.7% | 11.9% | 2.3% | 12.8% | 11.3% | 5.7% | -15.6% | 0.0% | 8.6% | 0.6% | 11.8% | 11.4% |