WEX
Income statement / Annual
Last year (2024), WEX Inc.'s total revenue was $2.63 B,
an increase of 3.14% 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 |
$1.02 B |
$854.64 M |
| Cost of Revenue |
$1.04 B
|
$1.06 B
|
$930.45 M
|
$702.11 M
|
$673.18 M
|
$659.77 M
|
$547.93 M
|
$510.06 M
|
$505.08 M
|
$401.86 M
|
| Gross Profit |
$1.59 B
|
$1.49 B
|
$1.42 B
|
$1.15 B
|
$886.69 M
|
$1.06 B
|
$944.71 M
|
$740.49 M
|
$513.38 M
|
$452.78 M
|
| Gross Profit Ratio |
0.61
|
0.59
|
0.6
|
0.62
|
0.57
|
0.62
|
0.63
|
0.59
|
0.5
|
0.53
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$78.00 M
|
$74.19 M
|
$72.36 M
|
$57.82 M
|
$38.63 M
|
$32.58 M
|
$27.58 M
|
$20.32 M
|
| General & Administrative Expenses |
$375.80 M
|
$428.00 M
|
$343.90 M
|
$326.88 M
|
$292.11 M
|
$275.81 M
|
$209.32 M
|
$184.73 M
|
$44.61 M
|
$37.50 M
|
| Selling & Marketing Expenses |
$341.00 M
|
$327.80 M
|
$311.83 M
|
$319.08 M
|
$266.68 M
|
$259.87 M
|
$229.23 M
|
$163.65 M
|
$20.47 M
|
$17.41 M
|
| Selling, General & Administrative Expenses |
$716.80 M
|
$845.60 M
|
$655.73 M
|
$645.96 M
|
$558.79 M
|
$535.68 M
|
$438.55 M
|
$348.39 M
|
$65.08 M
|
$54.91 M
|
| Other Expenses |
$187.40 M
|
$0.00
|
$158.00 M
|
$160.48 M
|
$157.33 M
|
$142.40 M
|
-$775,000.00
|
$15.26 M
|
-$563,000.00
|
$2.15 M
|
| Operating Expenses |
$904.20 M
|
$839.00 M
|
$813.73 M
|
$806.43 M
|
$716.13 M
|
$678.08 M
|
$558.42 M
|
$478.01 M
|
$310.76 M
|
$216.19 M
|
| Cost And Expenses |
$1.94 B
|
$1.89 B
|
$1.74 B
|
$1.51 B
|
$1.39 B
|
$1.34 B
|
$1.11 B
|
$988.07 M
|
$815.85 M
|
$618.05 M
|
| Interest Income |
$0.00
|
$0.00
|
$44.34 M
|
$88.44 M
|
$184.65 M
|
$170.04 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$235.90 M
|
$204.60 M
|
$130.69 M
|
$128.42 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
|
$263.87 M
|
$272.64 M
|
$261.93 M
|
$237.13 M
|
$199.81 M
|
$203.72 M
|
$141.65 M
|
$83.08 M
|
| EBITDA |
$975.00 M |
$849.20 M |
$649.87 M |
$630.66 M |
$133.77 M |
$588.32 M |
$543.45 M |
$485.21 M |
$342.17 M |
$314.17 M |
| EBITDA Ratio |
0.37
|
0.33
|
0.33
|
0.27
|
0.21
|
0.31
|
0.34
|
0.33
|
0.34
|
0.38
|
| Operating Income Ratio |
0.26
|
0.25
|
0.2
|
0.18
|
0.11
|
0.22
|
0.26
|
0.19
|
0.19
|
0.27
|
| Total Other Income/Expenses Net |
-$268.50 M
|
-$278.30 M
|
-$209.30 M
|
-$138.05 M
|
-$472.14 M
|
-$169.33 M
|
-$142.02 M
|
-$64.85 M
|
-$106.84 M
|
-$43.89 M
|
| Income Before Tax |
$417.80 M
|
$368.80 M
|
$260.55 M
|
$203.95 M
|
-$301.08 M
|
$216.52 M
|
$238.62 M
|
$178.70 M
|
$87.10 M
|
$184.91 M
|
| Income Before Tax Ratio |
0.16
|
0.14
|
0.11
|
0.11
|
-0.19
|
0.13
|
0.16
|
0.14
|
0.09
|
0.22
|
| Income Tax Expense |
$108.20 M
|
$102.20 M
|
$93.09 M
|
$67.81 M
|
-$20.60 M
|
$61.22 M
|
$68.84 M
|
$19.53 M
|
$29.63 M
|
$75.30 M
|
| Net Income |
$309.60 M
|
$266.60 M
|
$201.40 M
|
$136.14 M
|
-$280.48 M
|
$155.29 M
|
$168.30 M
|
$160.27 M
|
$60.64 M
|
$101.90 M
|
| Net Income Ratio |
0.12
|
0.1
|
0.09
|
0.07
|
-0.18
|
0.09
|
0.11
|
0.13
|
0.06
|
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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