WEX Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,190	2,189	2,174	2,086	1,641
Other Revenue	470.7	438.9	373.7	264.9	209.4
Revenue	2,661	2,628	2,548	2,351	1,851
Revenue Growth (YoY)	1.24%	3.15%	8.40%	27.02%	19.13%
Cost of Revenue	761.1	724.4	694.9	624.1	535.7
Gross Profit	1,900	1,904	1,853	1,727	1,315
Selling, General & Admin	717.2	711.5	751.2	655.7	643.6
Other Operating Expenses	109	104.1	84.2	20.6	9.2
Operating Expenses	1,236	1,205	1,201	1,120	970.6
Operating Income	664	698.7	651.7	606.4	344.3
Interest Expense	-240.6	-235.9	-204.6	-47.5	-89.2
Currency Exchange Gain (Loss)	-0.2	-26.1	4.9	-22.7	-12.3
Other Non Operating Income (Expenses)	-3	-0.1	-	-	3.6
EBT Excluding Unusual Items	420.2	436.6	452	536.2	246.4
Merger & Restructuring Charges	-	-12.3	-4.6	-	-2.4
Impairment of Goodwill	-	-	-	-136.5	-
Other Unusual Items	-	-6.5	-78.6	-139.1	-40.1
Pretax Income	420.2	417.8	368.8	260.6	203.9
Income Tax Expense	116.1	108.2	102.2	93.1	67.8
Earnings From Continuing Operations	304.1	309.6	266.6	167.5	136.1
Minority Interest in Earnings	-	-	-	33.9	-136
Net Income	304.1	309.6	266.6	201.4	0.1
Net Income to Common	304.1	309.6	266.6	201.4	0.1
Net Income Growth	-1.78%	16.13%	32.37%	201300.00%	-
Shares Outstanding (Basic)	36	41	43	44	45
Shares Outstanding (Diluted)	36	41	43	45	45
Shares Change (YoY)	-13.08%	-4.62%	-3.13%	-1.32%	3.33%
EPS (Basic)	8.57	7.59	6.23	4.54	0.00
EPS (Diluted)	8.47	7.50	6.16	4.50	0.00
EPS Growth	12.93%	21.75%	36.89%	203796.69%	-
Free Cash Flow	313.7	334.1	764.3	566.5	-128.6
Free Cash Flow Per Share	8.74	8.09	17.65	12.67	-2.84
Gross Margin	71.40%	72.44%	72.73%	73.45%	71.05%
Operating Margin	24.95%	26.58%	25.58%	25.80%	18.61%
Profit Margin	11.43%	11.78%	10.46%	8.57%	0.01%
Free Cash Flow Margin	11.79%	12.71%	30.00%	24.10%	-6.95%
EBITDA	995.1	910.3	849.2	792.3	542.7
EBITDA Margin	37.40%	34.64%	33.33%	33.71%	29.33%
D&A For EBITDA	331.1	211.6	197.5	185.9	198.4
EBIT	664	698.7	651.7	606.4	344.3
EBIT Margin	24.95%	26.58%	25.58%	25.80%	18.61%
Effective Tax Rate	27.63%	25.90%	27.71%	35.73%	33.25%
Revenue as Reported	2,661	2,628	2,548	2,351	1,851
Advertising Expenses	-	31.5	27.1	23.4	20.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q