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Wex Inc (WEX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · DATA UPDATED 2026-08-15

Wex Inc (WEX) operates in the SOFTWARE - INFRASTRUCTURE industry and is headquartered in Portland, United States with about 6,600 employees. Its market capitalization is roughly $7 billion. In the fiscal year ended 2025-12-31, WEX reported $2.7B in revenue and $304M in net income.

WEX Inc. operates a commerce platform in the United States and internationally.

Interactive charts & full statements → Open the WEX valuation workbench →

WEX Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$2.8B	$2.7B	$2.6B	$2.5B	$2.4B	$1.9B	$1.6B	$1.7B	$1.5B	$1.2B	$1.0B	$855M	$818M	$717M	$623M	$553M	$390M	$315M	$394M	$336M	$291M
Gross Profit	$1.6B	$1.5B	$1.6B	$1M	$1.4B	$1.1B	$887M	$1.1B	$945M	$734M	$554M	$450M	$458M	$425M	$369M	$345M	$231M	$278M	$303M	$247M	$260M
Gross Margin %	56.7%	54.9%	60.5%	0.1%	60.4%	62.1%	56.8%	61.7%	63.3%	58.8%	54.7%	52.6%	56.1%	59.2%	59.2%	62.4%	59.3%	88.3%	77.0%	73.5%	89.3%
Operating Income (EBIT)	$712M	$676M	$686M	$15M	$470M	$342M	($92M)	$386M	$381M	$233M	$159M	$229M	$306M	$277M	$222M	$233M	$151M	$118M	$161M	$152M	$135M
Operating Margin %	25.5%	25.4%	26.1%	0.6%	20.0%	18.5%	-5.9%	22.4%	25.5%	18.7%	15.7%	26.8%	37.5%	38.6%	35.6%	42.2%	38.6%	37.5%	41.0%	45.2%	46.4%
Net Income	$351M	$304M	$310M	$15M	$201M	$0M	($244M)	$99M	$168M	$160M	$23M	$102M	$202M	$149M	$97M	$134M	$88M	$140M	$128M	$52M	$75M
Net Margin %	12.6%	11.4%	11.8%	0.6%	8.6%	0.0%	-15.6%	5.7%	11.3%	12.8%	2.3%	11.9%	24.7%	20.8%	15.6%	24.2%	22.4%	44.3%	32.4%	15.3%	25.6%
EBITDA	$957M	$995M	$975M	$15M	$572M	$566M	$118M	$588M	$543M	$485M	$304M	$314M	$408M	$328M	$292M	$268M	$182M	$264M	$263M	$168M	$147M
Earnings Per Share (EPS)	$10.04	$8.47	$7.94	$0.34	$4.50	$0.00	$-5.56	$2.26	$3.86	$3.72	$0.57	$2.62	$5.18	$3.82	$2.48	$3.43	$2.24	$3.55	$3.21	$1.27	$1.80
Shares Outstanding (M)	35M	36M	39M	43M	45M	45M	44M	44M	44M	43M	41M	39M	39M	39M	39M	39M	39M	39M	40M	41M	42M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$754M	$674M	$673M	$692M	$660M	$637M	$636M	$666M
Gross Profit	$420M	$379M	$366M	$418M	$387M	$367M	$379M	$416M
Gross Margin %	55.8%	56.3%	54.4%	60.4%	58.6%	57.6%	59.5%	62.5%
Operating Income (EBIT)	$203M	$158M	$167M	$184M	$157M	$157M	$157M	$196M
Operating Margin %	27.0%	23.5%	24.8%	26.5%	23.8%	24.7%	24.7%	29.5%
Net Income	$108M	$78M	$84M	$80M	$68M	$72M	$64M	$103M
Net Margin %	14.4%	11.5%	12.5%	11.6%	10.3%	11.2%	10.0%	15.5%
EBITDA	$243M	$244M	$251M	$219M	$242M	$235M	$220M	$281M
Earnings Per Share (EPS)	$3.11	$2.22	$2.41	$2.31	$1.98	$1.81	$1.64	$2.59
Shares Outstanding (M)	35M	35M	35M	35M	34M	39M	39M	40M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEX Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$263M	$454M	$481M	$908M	$679M	$150M	$857M	$663M	$400M	$133M	($151M)	$445M	$296M	$40M	$72M	$51M	($11M)	($33M)	$339M	($92M)	$60M
Capital Expenditures (CapEx)	$154M	$141M	$147M	$144M	$116M	$86M	$80M	$103M	$87M	$79M	$66M	$63M	$58M	$39M	$28M	$28M	$29M	$18M	$16M	$17M	$12M
Free Cash Flow (FCF)	$108M	$314M	$334M	$764M	$563M	$64M	$777M	$560M	$313M	$54M	($217M)	$382M	$238M	$0M	$44M	$23M	($39M)	($51M)	$323M	($109M)	$48M
FCF Margin %	3.9%	11.8%	12.7%	30.0%	24.0%	3.5%	49.8%	32.5%	21.0%	4.3%	-21.4%	44.6%	29.1%	0.0%	7.0%	4.1%	-10.1%	-16.2%	82.1%	-32.3%	16.5%
Dividends Paid	—	—	—	$0M	$5M	$21M	$10M	$5M	—	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	—	—	$11M	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($78M)	($331M)	$295M	$377M	$265M	($482M)	$638M	$3M
Capital Expenditures (CapEx)	$44M	$38M	$38M	$35M	$35M	$47M	$39M	$35M
Free Cash Flow (FCF)	($121M)	($368M)	$256M	$342M	$230M	($529M)	$600M	($32M)
FCF Margin %	-16.1%	-54.7%	38.1%	49.4%	34.9%	-83.0%	94.2%	-4.8%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEX Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$16.5B	$14.4B	$13.3B	$13.9B	$11.5B	$10.3B	$8.2B	$8.3B	$6.8B	$6.7B	$6.1B	$3.9B	$4.1B	$3.4B	$3.1B	$2.3B	$2.1B	$1.5B	$1.6B	$1.8B	$1.6B
Cash & Cash Equivalents	$1.2B	$906M	$596M	$976M	$1.9B	$1.3B	$1.3B	$981M	$541M	$508M	$191M	$280M	$285M	$361M	$198M	$26M	$18M	$39M	$183M	$43M	$35M
Total Liabilities	$15.2B	$13.2B	$11.8B	$12.1B	$9.9B	$8.2B	$6.1B	$6.2B	$5.0B	$5.0B	$4.6B	$2.8B	$3.0B	$2.5B	$2.3B	$1.6B	$1.5B	$1.1B	$1.3B	$1.6B	$1.4B
Total Debt (Short + Long-Term)	$5.4B	$4.9B	$4.4B	$3.9B	$2.7B	$2.9B	$3.0B	$2.9B	$2.4B	$988M	$731M	$582M	$1.4B	$692M	$623M	$303M	$70M	$200M	$341M	$199M	$130M
Total Shareholders' Equity	$1.3B	$1.2B	$1.5B	$1.8B	$1.6B	$1.8B	$1.9B	$1.9B	$1.8B	$1.7B	$1.5B	$1.1B	$1.1B	$922M	$818M	$709M	$559M	$441M	$295M	$204M	$183M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WEX viewer.

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