WEX
Income statement / Annual
Last year (2024), WEX Inc.'s total revenue was $2.63 B,
an increase of 3.15% from the previous year.
In 2024, WEX Inc.'s net income was $309.60 M.
See WEX Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
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 |
| Operating Revenue |
$2.63 B |
$2.55 B |
$2.35 B |
$1.85 B |
$1.56 B |
$1.72 B |
$1.49 B |
$1.25 B |
$1.01 B |
$854.64 M |
| Cost of Revenue |
$1.04 B
|
$973.30 M
|
$930.50 M
|
$702.20 M
|
$673.18 M
|
$659.77 M
|
$547.93 M
|
$514.29 M
|
$458.81 M
|
$405.10 M
|
| Gross Profit |
$1.59 B
|
$1.57 B
|
$1.42 B
|
$1.15 B
|
$886.69 M
|
$1.06 B
|
$944.71 M
|
$734.29 M
|
$553.68 M
|
$449.54 M
|
| Gross Profit Ratio |
0.61
|
0.62
|
0.6
|
0.62
|
0.57
|
0.62
|
0.63
|
0.59
|
0.55
|
0.53
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$375.80 M
|
$428.00 M
|
$343.90 M
|
$326.90 M
|
$292.11 M
|
$275.81 M
|
$209.32 M
|
$184.34 M
|
$185.56 M
|
$20.62 M
|
| Selling & Marketing Expenses |
$341.00 M
|
$327.80 M
|
$311.80 M
|
$319.10 M
|
$266.68 M
|
$259.87 M
|
$229.23 M
|
$163.65 M
|
$130.83 M
|
$0.00
|
| Selling, General & Administrative Expenses |
$716.80 M
|
$755.80 M
|
$655.70 M
|
$646.00 M
|
$558.79 M
|
$535.68 M
|
$438.55 M
|
$347.99 M
|
$316.38 M
|
$20.62 M
|
| Other Expenses |
$187.40 M
|
$171.80 M
|
$294.60 M
|
$160.40 M
|
$419.57 M
|
$142.40 M
|
$125.52 M
|
$152.88 M
|
$78.77 M
|
$200.13 M
|
| Operating Expenses |
$904.20 M
|
$927.60 M
|
$950.30 M
|
$806.40 M
|
$978.37 M
|
$678.08 M
|
$564.07 M
|
$500.87 M
|
$395.16 M
|
$220.75 M
|
| Cost And Expenses |
$1.94 B
|
$1.90 B
|
$1.88 B
|
$1.51 B
|
$1.65 B
|
$1.34 B
|
$1.11 B
|
$1.02 B
|
$853.96 M
|
$625.84 M
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$235.90 M
|
$204.60 M
|
$47.50 M
|
$89.20 M
|
$157.08 M
|
$134.68 M
|
$105.02 M
|
$107.07 M
|
$113.42 M
|
$46.19 M
|
| Depreciation & Amortization |
$321.30 M
|
$276.20 M
|
$263.90 M
|
$272.60 M
|
$261.93 M
|
$237.13 M
|
$199.81 M
|
$203.72 M
|
$141.65 M
|
$83.08 M
|
| EBITDA |
$975.00 M |
$849.60 M |
$571.90 M |
$565.70 M |
$117.93 M |
$588.32 M |
$543.45 M |
$485.21 M |
$304.00 M |
$314.17 M |
| EBITDA Ratio |
0.37
|
0.33
|
0.24
|
0.31
|
0.08
|
0.34
|
0.36
|
0.39
|
0.3
|
0.37
|
| Operating Income Ratio |
0.26
|
0.25
|
0.2
|
0.18
|
-0.06
|
0.22
|
0.26
|
0.19
|
0.16
|
0.27
|
| Total Other Income/Expenses Net |
-$268.50 M
|
-$278.30 M
|
-$209.30 M
|
-$138.10 M
|
-$209.41 M
|
-$169.33 M
|
-$142.02 M
|
-$59.01 M
|
-$109.60 M
|
-$43.89 M
|
| Income Before Tax |
$417.80 M
|
$368.80 M
|
$260.50 M
|
$203.90 M
|
-$301.08 M
|
$216.52 M
|
$238.62 M
|
$174.42 M
|
$48.93 M
|
$184.91 M
|
| Income Before Tax Ratio |
0.16
|
0.14
|
0.11
|
0.11
|
-0.19
|
0.13
|
0.16
|
0.14
|
0.05
|
0.22
|
| Income Tax Expense |
$108.20 M
|
$102.20 M
|
$93.10 M
|
$67.80 M
|
-$20.60 M
|
$61.22 M
|
$68.84 M
|
$15.45 M
|
$28.59 M
|
$75.30 M
|
| Net Income |
$309.60 M
|
$266.60 M
|
$201.40 M
|
$100.00 K
|
-$243.64 M
|
$99.01 M
|
$168.30 M
|
$160.06 M
|
$23.50 M
|
$101.90 M
|
| Net Income Ratio |
0.12
|
0.1
|
0.09
|
0
|
-0.16
|
0.06
|
0.11
|
0.13
|
0.02
|
0.12
|
| EPS |
7.59 |
6.23 |
4.54 |
3.04 |
-6.4 |
3.59 |
3.9 |
3.73 |
1.49 |
2.63 |
| EPS Diluted |
7.5 |
6.16 |
4.5 |
3 |
-6.4 |
3.55 |
3.86 |
3.73 |
1.48 |
2.62 |
| Weighted Average Shares Out |
$40.80 M
|
$42.80 M
|
$44.40 M
|
$44.72 M
|
$43.84 M
|
$43.32 M
|
$43.16 M
|
$42.98 M
|
$40.81 M
|
$38.77 M
|
| Weighted Average Shares Out Diluted |
$41.30 M
|
$43.30 M
|
$44.72 M
|
$45.31 M
|
$43.84 M
|
$43.77 M
|
$43.57 M
|
$43.02 M
|
$40.91 M
|
$38.84 M
|
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