WEX Inc.
WEX- Exchange
- NYSE
- Industry
- Services-Business Services, NEC
- SEC CIK
- 0001309108
In the last 90 days, WEX Inc. insiders filed 0 open-market purchases and 5 sales; 418 institutions reported holding it in 13F filings for Q2 2026, worth $5.61B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:17 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 4, 2026 | Feb 5, 2025 | Feb 8, 2024 | Feb 9, 2023 | Jan 4, 2022 |
| Revenue | $2.66B | $2.63B | $2.55B | $2.35B | $1.85B |
| Cost of revenue | $1.10B | $1.04B | $973.3M | $930.5M | $702.1M |
| Selling, general and administrative | $330.2M | $375.8M | $428.0M | $343.9M | $326.9M |
| Operating income | $663.9M | $686.3M | $647.1M | $469.8M | $342.0M |
| Interest expense | – | – | – | $130.7M | $128.4M |
| Income tax | $116.1M | $108.2M | $102.2M | $93.1M | $67.8M |
| Net income | $304.1M | $309.6M | $266.6M | $167.2M | $135.3M |
| EPS, basic | $8.57 | $7.59 | $6.23 | $4.54 | $0.00 |
| EPS, diluted | $8.47 | $7.50 | $6.16 | $4.50 | $0.00 |
| Weighted shares, basic | 35.5M | 40.8M | 42.8M | 44.4M | 44.7M |
| Weighted shares, diluted | 35.9M | 41.3M | 43.3M | 44.7M | 45.3M |
| Margins and growth | |||||
| Operating margin | 25.0% | 26.1% | 25.4% | 20.0% | 18.5% |
| Net margin | 11.4% | 11.8% | 10.5% | 7.1% | 7.3% |
| Revenue growth, year over year | +1.2% | +3.1% | +8.4% | +27.0% | +18.6% |
| Net income growth, year over year | −1.8% | +16.1% | +59.5% | +23.6% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 4, 2026 | Feb 5, 2025 | Feb 8, 2024 | Feb 9, 2023 | Jan 4, 2022 |
| Cash and equivalents | $905.8M | $595.8M | $975.8M | $922.0M | $588.9M |
| Short-term investments | $4.33B | $3.76B | $3.02B | $1.40B | $948.7M |
| Total current assets | $9.71B | $8.52B | $8.94B | $6.82B | $5.30B |
| Property, plant and equipment | $253.7M | $261.2M | $242.9M | $202.2M | $179.5M |
| Goodwill | $3.02B | $2.98B | $3.02B | $2.73B | $2.91B |
| Intangible assets | $1.09B | $1.26B | $1.46B | $1.47B | $1.64B |
| Total assets | $14.4B | $13.3B | $13.9B | $11.5B | $10.3B |
| Short-term debt | $1.33B | $1.29B | $1.04B | $202.6M | $155.8M |
| Total current liabilities | $9.29B | $8.33B | $8.52B | $6.29B | $4.40B |
| Long-term debt | $3.53B | $3.08B | $2.83B | $2.52B | $2.70B |
| Total liabilities | $13.2B | $11.8B | $12.1B | $9.88B | $8.21B |
| Shareholders' equity | $1.23B | $1.49B | $1.82B | $1.65B | $1.84B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 4, 2026 | Feb 5, 2025 | Feb 8, 2024 | Feb 9, 2023 | Jan 4, 2022 |
| Operating cash flow | $454.3M | $481.4M | $907.9M | $679.4M | $150.4M |
| Capital expenditures | $140.6M | $147.3M | $143.6M | $112.9M | $86.0M |
| Free cash flow | $313.7M | $334.1M | $764.3M | $566.5M | $64.4M |
| Depreciation and amortization | $331.1M | $321.3M | $276.2M | $263.9M | $272.6M |
| Stock-based compensation | $100.3M | $112.2M | $127.0M | $97.9M | $74.8M |
| Share buybacks | $799.8M | $652.0M | $303.4M | $282.8M | – |
| Investing cash flow | -$696.9M | -$960.6M | -$2.14B | -$716.7M | -$1.60B |
| Financing cash flow | $418.9M | -$260.3M | $1.57B | $681.3M | $1.40B |
| Net change in cash | $241.4M | -$793.0M | $370.3M | $602.9M | -$72.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 3.8% | 4.3% | 5.0% | 4.2% | 4.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.