WEX Inc. (WEX)

WEX Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,589	2,548	2,351	1,851	1,560	1,724
Revenue Growth (YoY)	5.88%	8.40%	27.02%	18.63%	-9.50%	15.48%
Cost of Revenue	993.2	973.3	930.5	702.1	673.18	659.77
Gross Profit	1,596	1,575	1,420	1,148	886.69	1,064
Selling, General & Admin	760.8	755.8	655.7	646	558.79	535.68
Other Operating Expenses	177.4	171.8	294.5	160.5	373.21	142.4
Operating Expenses	938.2	927.6	950.2	806.5	932.01	678.08
Operating Income	657.3	647.1	469.8	341.9	-45.31	385.84
Interest Expense / Income	226.5	204.6	47.5	89.2	157.08	134.68
Other Expense / Income	70.2	73.7	162	49.6	102.16	33.62
Pretax Income	360.6	368.8	260.3	203.1	-304.55	217.55
Income Tax	96.2	102.2	93.1	67.8	-20.6	61.22
Net Income	264.4	266.6	167.2	135.3	-283.95	156.32
Preferred Dividends	0	0	-34.2	135.2	-40.31	57.32
Net Income Common	264.4	266.6	201.4	0.1	-243.64	99.01
Net Income Growth	80.23%	32.37%	201300.00%	-	-	-41.17%
Shares Outstanding (Basic)	42	43	44	45	44	43
Shares Outstanding (Diluted)	42	43	45	45	44	44
Shares Change	-2.75%	-3.13%	-1.32%	3.33%	0.17%	0.45%
EPS (Basic)	6.22	6.23	4.54	-	-5.56	2.29
EPS (Diluted)	6.15	6.16	4.50	-	-5.56	2.26
EPS Growth	85.80%	36.89%	-	-	-	-41.45%
Free Cash Flow	580.5	764.3	566.5	-128.6	656.33	560.31
Free Cash Flow Per Share	13.89	17.86	12.76	-2.88	14.97	12.94
Gross Margin	61.63%	61.80%	60.41%	62.06%	56.84%	61.72%
Operating Margin	25.39%	25.40%	19.99%	18.48%	-2.90%	22.38%
Profit Margin	10.21%	10.46%	8.57%	0.01%	-15.62%	5.74%
Free Cash Flow Margin	22.42%	30.00%	24.10%	-6.95%	42.08%	32.51%
Effective Tax Rate	26.68%	27.71%	35.77%	33.38%	-	28.14%
EBITDA	874.9	849.6	571.7	564.9	114.46	589.35
EBITDA Margin	33.80%	33.34%	24.32%	30.53%	7.34%	34.19%
Depreciation & Amortization	287.8	276.2	263.9	272.6	261.93	237.13
EBIT	587.1	573.4	307.8	292.3	-147.47	352.22
EBIT Margin	22.68%	22.50%	13.10%	15.80%	-9.45%	20.43%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).