WEX Inc. (WEX)

NYSE: WEX · Services-Business Services, NEC · Portland, ME · filing with the SEC since 2004

Grade5.4

◀ Past 6.6● Present 6.1▶ Future 4.1

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 13, 2026	Feb 20, 2025	Feb 23, 2024	Feb 28, 2023	Mar 1, 2022	Mar 1, 2021	Feb 28, 2020	Mar 18, 2019	Mar 1, 2018	Mar 6, 2017
Revenue	2,660,800	2,628,100	2,548,000	2,350,500^r	1,850,500^r	1,559,869	1,723,691	1,492,639	1,248,577	1,012,488
For lenders
Interest and dividend income	·	·	·	·	·	·	·	38,407	24,993	12,386
Net interest income	·	·	·	·	4,486	5,850	9,304	16,167	31,905	17,132
Provision for credit losses	·	·	·	·	45,114	78,443	65,664	66,482	64,218^r	33,458^r
Cost of revenue	1,100,600	1,037,800	973,300	930,500^r	702,100^r	673,175	659,770	547,929	514,285	458,807
Sales and marketing	387,000	341,000	327,800	311,800^r	319,100^r	266,684	259,869	229,234	163,654	130,827
General and administrative	330,200	375,800	428,000	343,900^r	326,900^r	292,109	275,807	209,319	184,339	185,557
Total operating expenses	·	·	·	·	·	·	·	·	1,011,278	823,332
Operating income	663,900	686,300	647,100	469,800^r	342,000	-91,673	385,841	380,638	233,423^r	158,525^r
Interest expense	·	·	·	130,690	128,422	157,080	134,677	105,023	24,993^r	12,386
Total non-operating income (expense)	·	·	·	·	·	·	900	-800	15,300^r	-600^r
Income before income taxes	420,200	417,800	368,800	260,500^r	203,900^r	-301,081	216,516	238,619	174,416^r	48,930^r
Income tax expense	116,100	108,200	102,200	93,100^r	67,800^r	-20,597	61,223	68,843	15,450^r	28,592^r
Net income including non-controlling interests	·	309,600	266,600	167,500^r	136,100^r	-280,484	155,293	169,776	158,966^r	20,338^r
Net income to non-controlling interests	·	0	0	300^r	800^r	3,466	-1,030	1,481	-1,096	-3,161
Net income	304,100	309,600	266,600	167,200^r	135,300^r	-283,950	156,323	168,295	160,062^r	60,637
Net income to common shareholders	304,100	309,600	266,600	201,400^r	100^r	-243,638	99,006	168,295	160,062	·
Earnings per share, basic	8.57	7.59	6.23	4.54	0.00	-5.56	2.29	3.90	3.72^r	0.58^r
Earnings per share, diluted	8.47	7.50	6.16	4.50	0.00	-5.56	2.26	3.86	3.71^r	0.57^r
Weighted average shares, basic	35,500	40,800	42,800	44,400^r	44,700^r	43,842	43,316	43,156	42,977	40,809
Weighted average shares, diluted	35,900	41,300	43,300	44,700^r	45,300^r	43,842	43,769	43,574	43,105	40,914

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfRevenue
us-gaap:CostOfGoodsAndServicesSold

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpense
us-gaap:InterestExpenseDebt

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton WEX · research, not advice