WEX (WEX) Financials

$133.21 -4.07 (-2.97%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$133.38 +0.18 (+0.13%)

As of 05/23/2025 04:04 PM Eastern

Annual Income Statements for WEX

This table shows WEX's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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
Net Income / (Loss) Attributable to Common Shareholders	310	267	201	0.10	-244	99	168	160	23	102
Consolidated Net Income / (Loss)	310	267	168	136	-280	155	170	159	20	110
Net Income / (Loss) Continuing Operations	310	267	167	136	-280	155	170	159	20	110
Total Pre-Tax Income	418	369	261	204	-301	217	239	174	49	185
Total Operating Income	686	647	470	342	-92	386	381	212	159	229
Total Gross Profit	1,590	1,575	1,420	1,148	887	1,064	945	734	554	455
Total Revenue	2,628	2,548	2,351	1,851	1,560	1,724	1,493	1,249	1,012	855
Operating Revenue	2,628	2,548	2,351	1,851	1,560	1,724	1,493	1,249	1,012	742
Total Cost of Revenue	1,038	973	931	702	673	660	548	514	459	399
Operating Cost of Revenue	970	884	751	657	595	594	481	450	459	377
Other Cost of Revenue	68	90	180	45	78	66	66	64	-	23
Total Operating Expenses	904	928	950	807	978	678	564	522	395	226
Selling, General & Admin Expense	376	428	344	327	292	276	209	184	186	89
Marketing Expense	341	328	312	319	267	260	229	164	131	-
Depreciation Expense	187	172	158	161	157	142	120	130	79	83
Impairment Charge	0.00	0.00	137	0.00	53	0.00	5.65	44	0.00	0.00
Total Other Income / (Expense), net	-269	-278	-209	-138	-209	-169	-142	-38	-110	-44
Interest Expense	0.00	70	0.00	0.00	157	135	105	107	113	46
Other Income / (Expense), net	-269	-208	-209	-138	-52	-35	-37	69	3.82	2.30
Income Tax Expense	108	102	93	68	-21	61	69	15	29	75
Preferred Stock Dividends Declared	0.00	0.00	-34	135	-40	57	0.00	0.00	-	9.41
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.30	0.80	3.47	-1.03	1.48	-1.10	-3.16	-1.71
Basic Earnings per Share	$7.59	$6.23	$4.54	$0.00	($5.56)	$2.29	$3.90	$3.72	$0.58	$2.63
Weighted Average Basic Shares Outstanding	40.80M	42.80M	44.40M	44.70M	43.84M	43.32M	43.16M	42.98M	40.81M	38.77M
Diluted Earnings per Share	$7.50	$6.16	$4.50	$0.00	($5.56)	$2.26	$3.86	$3.71	$0.57	$2.62
Weighted Average Diluted Shares Outstanding	41.30M	43.30M	44.70M	45.30M	43.84M	43.77M	43.57M	43.11M	40.91M	38.84M
Weighted Average Basic & Diluted Shares Outstanding	38.82M	41.73M	43.13M	44.83M	44.19M	43.20M	43.20M	43M	40.70M	38.70M

This table shows WEX's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	72	64	103	77	66	85	18	95	68	764	-44
Consolidated Net Income / (Loss)	72	64	103	77	66	85	18	95	68	89	-44
Net Income / (Loss) Continuing Operations	72	64	103	77	66	85	18	95	68	764	-44
Total Pre-Tax Income	100	81	141	106	90	108	44	118	98	799	-43
Total Operating Income	157	157	196	168	165	159	175	159	154	847	21
Total Gross Profit	367	379	416	410	386	407	416	386	365	1,058	364
Total Revenue	637	636	666	674	653	663	651	621	612	1,136	616
Operating Revenue	637	636	666	674	653	663	651	621	612	-	616
Total Cost of Revenue	270	258	249	264	267	256	235	235	247	78	252
Operating Cost of Revenue	254	242	240	243	245	244	226	212	202	20	198
Other Cost of Revenue	16	16	9.70	21	22	12	9.40	23	45	58	54
Total Operating Expenses	209	222	220	242	221	249	241	227	210	212	343
Selling, General & Admin Expense	74	94	92	101	89	116	117	106	89	95	87
Marketing Expense	91	81	81	94	85	86	83	79	80	77	81
Depreciation Expense	45	46	47	47	47	46	42	42	42	40	39
Total Other Income / (Expense), net	-57	-77	-55	-62	-75	-50	-131	-42	-56	-47	-65
Other Income / (Expense), net	-57	-77	-55	-62	-75	-50	-60	-42	-56	-143	-30
Income Tax Expense	29	17	38	29	24	24	26	23	30	36	0.80
Basic Earnings per Share	$1.84	$1.61	$2.56	$1.85	$1.57	$2.00	$0.43	$2.22	$1.58	$2.05	($1.00)
Weighted Average Basic Shares Outstanding	38.90M	40.80M	40.30M	41.70M	41.80M	42.80M	42.90M	42.90M	43.10M	44.40M	44.20M
Diluted Earnings per Share	$1.81	$1.60	$2.52	$1.83	$1.55	$1.98	$0.42	$2.20	$1.56	$2.03	($1.00)
Weighted Average Diluted Shares Outstanding	39.40M	41.30M	40.80M	42M	42.40M	43.30M	43.40M	43.40M	43.60M	44.70M	44.20M
Weighted Average Basic & Diluted Shares Outstanding	34.24M	38.82M	39.78M	41.08M	41.90M	41.73M	42.74M	42.95M	42.84M	43.13M	43.59M

This table details how cash moves in and out of WEX's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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
Net Change in Cash & Equivalents	-793	370	603	-73	348	426	43	309	-83	-4.77
Net Cash From Operating Activities	481	908	679	-43	737	663	400	135	-141	445
Net Cash From Continuing Operating Activities	482	908	680	-43	737	663	400	135	-141	445
Net Income / (Loss) Continuing Operations	310	267	168	136	-280	155	170	159	20	110
Consolidated Net Income / (Loss)	310	267	168	136	-280	155	170	159	20	110
Depreciation Expense	321	276	264	273	262	237	200	204	142	83
Amortization Expense	11	19	17	16	26	9.94	9.67	7.96	13	3.10
Non-Cash Adjustments To Reconcile Net Income	193	284	434	132	290	140	129	113	62	50
Changes in Operating Assets and Liabilities, net	-354	63	-203	-599	440	120	-108	-348	-378	199
Net Cash From Investing Activities	-961	-2,138	-717	-1,601	-329	-991	-254	-168	-1,160	-127
Net Cash From Continuing Investing Activities	-961	-2,138	-717	-1,601	-329	-991	-254	-168	-1,160	-127
Purchase of Property, Plant & Equipment	-147	-144	-113	-86	-80	-103	-87	-79	-62	-63
Acquisitions	-6.00	-407	-3.30	-559	-243	-882	-166	-119	-1,093	-81
Purchase of Investments	-1,314	-1,786	-661	-994	-6.46	-5.57	-1.77	-0.47	-5.85	-0.35
Sale and/or Maturity of Investments	506	198	61	38	1.02	0.23	0.27	0.63	0.50	0.59
Net Cash From Financing Activities	-260	1,573	681	1,596	-59	750	-103	359	1,216	-320
Net Cash From Continuing Financing Activities	-260	1,573	681	1,596	-59	750	-103	359	1,216	-320
Repayment of Debt	-8,552	-3,163	-2,518	-1,998	-449	-1,378	-1,821	-4,275	-4,224	-2,430
Repurchase of Common Equity	-652	-303	-283	0.00	0.00	-	-	-	-	-24
Issuance of Debt	8,728	3,449	2,389	1,760	599	1,957	1,749	4,436	5,211	2,203
Other Financing Activities, net	216	1,590	1,093	1,834	-300	171	-30	199	229	-68
Other Net Changes in Cash	-54	27	-41	-25	-0.41	4.02	-	-18	-	-
Cash Interest Paid	329	248	129	132	163	176	141	129	116	49
Cash Income Taxes Paid	132	130	143	51	-8.44	51	39	6.68	24	27

This table details how cash moves in and out of WEX's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-160	125	-467	-303	-148	113	-2.10	239	21	158	447
Net Cash From Operating Activities	-482	638	3.30	-7.00	-153	762	47	72	27	573	428
Net Cash From Continuing Operating Activities	-482	639	3.20	-7.00	-153	762	47	72	27	573	428
Net Income / (Loss) Continuing Operations	72	64	103	77	66	85	18	95	68	89	-44
Consolidated Net Income / (Loss)	72	64	103	77	66	85	18	95	68	89	-44
Depreciation Expense	82	82	82	80	78	75	68	67	67	66	66
Non-Cash Adjustments To Reconcile Net Income	27	44	33	57	61	1.20	146	55	82	140	220
Changes in Operating Assets and Liabilities, net	-661	438	-214	-220	-358	582	-185	-144	-190	261	186
Net Cash From Investing Activities	-24	-237	-321	-85	-318	-567	-249	-260	-1,062	-53	-53
Net Cash From Continuing Investing Activities	-24	-237	-321	-85	-318	-567	-249	-260	-1,062	-53	-53
Purchase of Property, Plant & Equipment	-33	-39	-35	-40	-34	-42	-36	-35	-31	-37	-30
Acquisitions	-15	-	-0.90	-5.10	0.00	-246	-156	-	-4.50	-	-3.30
Purchase of Investments	-146	-395	-392	-135	-392	-332	-87	-260	-1,107	-28	-39
Sale and/or Maturity of Investments	176	197	106	95	109	54	30	34	81	13	19
Other Investing Activities, net	-5.90	-	-	-	-0.90	-	-	-	0.00	-	-
Net Cash From Financing Activities	318	-219	-188	-207	354	-132	237	425	1,044	-422	127
Net Cash From Continuing Financing Activities	318	-219	-188	-207	354	-132	237	425	1,044	-422	127
Repayment of Debt	-3,102	-2,723	-2,768	-2,251	-811	-730	-996	-825	-612	-635	-698
Repurchase of Common Equity	-790	-108	-370	-100	-74	-151	-49	-3.10	-101	-133	-69
Issuance of Debt	4,103	2,596	2,977	2,112	1,042	970	1,078	698	704	563	552
Other Financing Activities, net	108	16	-27	31	196	-221	204	555	1,053	-218	342
Other Net Changes in Cash	27	-57	-	-	-	50	-36	-	-	-	-

This table presents WEX's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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
Total Assets	13,322	13,882	11,529	10,307	8,183	8,298	6,771	6,689	5,997	3,848
Total Current Assets	8,516	8,935	6,817	5,300	3,503	3,842	3,398	3,206	2,377	1,900
Cash & Equivalents	596	976	922	589	852	811	541	504	191	280
Restricted Cash	838	1,254	938	668	478	170	14	19	-	-
Short-Term Investments	3,765	3,022	1,395	949	0.00	-	-	-	24	19
Accounts Receivable	3,118	3,558	3,419	3,016	2,087	2,773	2,694	2,606	2,152	1,596
Prepaid Expenses	199	125	143	78	87	88	149	78	-	-
Plant, Property, & Equipment, net	261	243	202	180	188	212	188	164	167	139
Total Noncurrent Assets	4,545	4,704	4,510	4,828	4,492	4,244	3,185	3,319	3,452	1,809
Long-Term Investments	81	67	48	40	37	30	24	23	-	-
Goodwill	2,983	3,016	2,729	2,908	2,688	2,441	1,832	1,876	1,838	1,113
Intangible Assets	1,260	1,459	1,474	1,643	1,552	1,575	1,034	1,154	1,265	471
Noncurrent Deferred & Refundable Income Taxes	18	14	13	5.64	18	13	9.64	7.72	6.93	10
Other Noncurrent Operating Assets	203	149	246	231	197	184	284	258	342	216
Total Liabilities & Shareholders' Equity	13,322	13,882	11,529	10,307	8,183	8,298	6,771	6,689	5,997	3,848
Total Liabilities	11,833	12,062	9,880	8,214	6,148	6,205	4,975	5,059	4,491	2,752
Total Current Liabilities	8,327	8,519	6,294	4,400	2,741	3,050	2,312	2,576	2,068	1,408
Short-Term Debt	1,293	1,041	203	156	153	249	217	397	-	-
Accounts Payable	1,091	1,479	1,366	1,022	778	970	815	843	617	379
Accrued Expenses	654	803	644	528	362	316	312	315	332	156
Customer Deposits	4,453	3,943	3,145	2,026	911	1,311	927	987	1,119	871
Other Current Liabilities	837	1,254	937	668	536	205	41	33	-	-
Total Noncurrent Liabilities	3,505	3,542	3,586	3,814	3,407	3,155	2,663	2,483	2,424	1,344
Long-Term Debt	3,082	2,828	2,522	2,695	2,874	2,687	2,134	2,028	2,205	1,192
Noncurrent Deferred & Payable Income Tax Liabilities	146	130	142	193	220	219	152	116	200	141
Other Noncurrent Operating Liabilities	278	585	921	926	313	250	377	339	19	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,489	1,821	1,650	1,839	1,918	1,937	1,796	1,630	1,506	1,096
Total Preferred & Common Equity	1,489	1,821	1,650	1,839	1,905	1,927	1,786	1,621	1,497	1,083
Total Common Equity	1,489	1,821	1,650	1,839	1,905	1,927	1,786	1,621	1,497	1,083
Common Stock	1,150	1,054	929	845	873	676	594	570	548	175
Retained Earnings	2,067	1,757	1,491	1,289	1,287	1,539	1,482	1,313	1,244	1,184
Treasury Stock	-1,416	-761	-463	-172	-172	-172	-172	-172	-172	-172
Accumulated Other Comprehensive Income / (Loss)	-312	-229	-306	-123	-83	-115	-117	-89	-123	-103

This table presents WEX's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	13,964	13,961	14,247	14,422	13,900	13,348	12,727	11,909
Total Current Assets	9,171	9,109	9,383	9,535	9,132	8,705	8,051	7,199
Cash & Equivalents	610	535	683	780	958	901	922	759
Restricted Cash	661	776	1,096	1,302	1,159	1,218	959	942
Short-Term Investments	3,829	3,723	3,323	3,305	2,625	2,641	2,479	1,379
Accounts Receivable	3,898	3,904	4,105	4,001	4,201	3,760	3,547	3,973
Prepaid Expenses	174	171	177	147	189	184	145	144
Plant, Property, & Equipment, net	259	261	257	250	229	222	210	187
Total Noncurrent Assets	4,535	4,591	4,607	4,638	4,540	4,421	4,466	4,524
Long-Term Investments	82	74	66	66	47	48	49	36
Goodwill	2,990	3,025	3,006	3,004	2,797	2,728	2,726	2,703
Intangible Assets	1,229	1,314	1,362	1,406	1,443	1,394	1,438	1,514
Noncurrent Deferred & Refundable Income Taxes	18	16	15	15	12	11	14	21
Other Noncurrent Operating Assets	216	162	158	147	241	240	240	250
Total Liabilities & Shareholders' Equity	13,964	13,961	14,247	14,422	13,900	13,348	12,727	11,909
Total Liabilities	13,154	12,284	12,463	12,644	12,204	11,579	11,057	10,278
Total Current Liabilities	8,761	8,718	9,070	8,986	8,856	8,334	7,503	6,414
Short-Term Debt	1,486	1,435	1,249	1,113	957	723	290	156
Accounts Payable	1,362	1,366	1,734	1,824	1,743	1,507	1,433	1,561
Accrued Expenses	607	680	703	671	745	734	713	567
Customer Deposits	4,647	4,462	4,289	4,076	4,253	4,154	4,108	3,146
Other Current Liabilities	660	776	1,095	1,301	1,158	1,217	958	984
Total Noncurrent Liabilities	4,393	3,566	3,394	3,659	3,348	3,245	3,554	3,864
Long-Term Debt	4,100	3,143	2,960	3,082	2,650	2,499	2,631	2,644
Noncurrent Deferred & Payable Income Tax Liabilities	147	138	133	133	141	132	138	156
Other Noncurrent Operating Liabilities	146	285	302	444	557	614	785	1,064
Total Equity & Noncontrolling Interests	810	1,678	1,784	1,778	1,696	1,769	1,671	1,631
Total Preferred & Common Equity	810	1,678	1,784	1,778	1,696	1,769	1,671	1,631
Total Common Equity	810	1,678	1,784	1,778	1,696	1,769	1,671	1,631
Common Stock	1,135	1,069	1,100	1,066	1,019	982	951	908
Retained Earnings	2,138	2,003	1,900	1,823	1,672	1,654	1,559	1,402
Treasury Stock	-2,218	-1,248	-935	-834	-609	-559	-556	-322
Accumulated Other Comprehensive Income / (Loss)	-245	-146	-281	-277	-386	-308	-283	-357

This table displays calculated financial ratios and metrics derived from WEX's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.14%	8.40%	27.02%	18.63%	-9.50%	15.48%	19.55%	23.32%	18.47%	4.52%
EBITDA Growth	2.22%	35.49%	10.06%	241.45%	-75.91%	8.16%	12.16%	55.73%	-0.19%	-22.75%
EBIT Growth	-4.81%	68.48%	27.70%	241.67%	-141.00%	2.20%	22.08%	73.38%	-29.75%	-31.56%
NOPAT Growth	8.72%	54.95%	32.25%	455.74%	-123.19%	2.18%	39.86%	193.88%	-51.42%	-33.21%
Net Income Growth	16.13%	59.16%	23.07%	148.52%	-280.62%	-8.53%	6.80%	681.62%	-81.45%	-45.20%
EPS Growth	21.75%	36.89%	0.00%	100.00%	-346.02%	-41.45%	4.04%	550.88%	-78.24%	-49.42%
Operating Cash Flow Growth	-46.98%	33.63%	1,694.84%	-105.78%	11.10%	65.70%	195.53%	195.92%	-131.72%	50.16%
Free Cash Flow Firm Growth	-74.89%	-39.42%	57.56%	375.75%	248.83%	-181.11%	18.12%	112.52%	-593.86%	141.82%
Invested Capital Growth	58.09%	-65.44%	-60.30%	-26.96%	-8.01%	12.61%	1.64%	0.38%	75.78%	-7.28%
Revenue Q/Q Growth	-1.01%	-15.65%	37.31%	5.62%	-2.56%	3.53%	3.60%	3.69%	7.68%	0.09%
EBITDA Q/Q Growth	-1.30%	-43.60%	416.94%	56.59%	-65.16%	8.93%	-2.34%	20.08%	-5.18%	-10.84%
EBIT Q/Q Growth	-6.24%	-57.55%	159.29%	1,252.43%	-200.60%	11.39%	-3.06%	39.33%	-23.06%	-15.72%
NOPAT Q/Q Growth	-0.30%	-60.72%	260.66%	793.17%	-216.87%	3.94%	-8.84%	118.40%	-50.10%	-3.95%
Net Income Q/Q Growth	-6.35%	-1.41%	29.22%	198.19%	-3,523.04%	38.11%	-25.28%	248.78%	-73.15%	-19.08%
EPS Q/Q Growth	-4.82%	-0.81%	102.70%	100.00%	-634.62%	50.67%	-26.05%	246.73%	-70.16%	-20.85%
Operating Cash Flow Q/Q Growth	-20.42%	26.31%	813.72%	11.26%	-40.21%	58.74%	8.86%	229.15%	-221.04%	-18.57%
Free Cash Flow Firm Q/Q Growth	338.15%	-41.30%	-16.81%	468.46%	-67.19%	37.94%	-49.09%	141.46%	-5.83%	5,136.82%
Invested Capital Q/Q Growth	-49.01%	-28.07%	-18.53%	-29.39%	6.66%	-4.22%	-2.25%	-6.93%	7.69%	13.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.51%	61.80%	60.41%	62.06%	56.84%	61.72%	63.29%	58.81%	54.69%	53.26%
EBITDA Margin	28.54%	28.80%	23.04%	26.59%	9.24%	34.71%	37.06%	39.50%	31.28%	37.12%
Operating Margin	26.11%	25.40%	19.99%	18.48%	-5.88%	22.38%	25.50%	17.02%	15.66%	26.77%
EBIT Margin	15.90%	17.23%	11.08%	11.02%	-9.23%	20.37%	23.02%	22.54%	16.03%	27.04%
Profit (Net Income) Margin	11.78%	10.46%	7.13%	7.35%	-17.98%	9.01%	11.37%	12.73%	2.01%	12.83%
Tax Burden Percent	74.10%	72.29%	64.30%	66.75%	93.16%	71.72%	71.15%	91.14%	41.57%	59.28%
Interest Burden Percent	100.00%	84.03%	100.00%	99.95%	209.08%	61.65%	69.44%	61.96%	30.14%	80.01%
Effective Tax Rate	25.90%	27.71%	35.74%	33.25%	0.00%	28.28%	28.85%	8.86%	58.43%	40.72%
Return on Invested Capital (ROIC)	106.43%	64.89%	16.01%	7.14%	-1.66%	7.30%	7.65%	5.53%	2.40%	6.56%
ROIC Less NNEP Spread (ROIC-NNEP)	123.33%	84.73%	-948.49%	-1.00%	-13.74%	0.72%	2.12%	3.74%	-0.76%	3.89%
Return on Net Nonoperating Assets (RNNOA)	-87.72%	-49.53%	-7.06%	-0.55%	-11.92%	0.69%	2.26%	4.61%	-0.84%	3.45%
Return on Equity (ROE)	18.71%	15.37%	8.95%	6.59%	-13.59%	7.99%	9.91%	10.14%	1.56%	10.01%
Cash Return on Invested Capital (CROIC)	61.41%	162.15%	102.35%	38.30%	6.68%	-4.56%	6.03%	5.15%	-52.56%	14.12%
Operating Return on Assets (OROA)	3.07%	3.45%	2.39%	2.21%	-1.75%	4.66%	5.11%	4.44%	3.30%	5.80%
Return on Assets (ROA)	2.28%	2.10%	1.53%	1.47%	-3.40%	2.06%	2.52%	2.51%	0.41%	2.75%
Return on Common Equity (ROCE)	18.71%	15.37%	8.34%	5.98%	-12.61%	7.62%	9.85%	10.08%	1.55%	9.80%
Return on Equity Simple (ROE_SIMPLE)	20.80%	14.64%	10.15%	7.40%	-14.72%	8.06%	9.51%	9.81%	1.36%	10.12%
Net Operating Profit after Tax (NOPAT)	509	468	302	228	-64	277	271	194	66	136
NOPAT Margin	19.35%	18.36%	12.84%	12.34%	-4.11%	16.06%	18.14%	15.51%	6.51%	15.87%
Net Nonoperating Expense Percent (NNEP)	-16.91%	-19.84%	964.50%	8.14%	12.07%	6.57%	5.54%	1.79%	3.16%	2.68%
Return On Investment Capital (ROIC_SIMPLE)	8.67%	8.22%	6.90%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	39.49%	38.20%	39.59%	37.94%	43.16%	38.28%	36.71%	41.19%	45.31%	46.74%
SG&A Expenses to Revenue	14.30%	16.80%	14.63%	17.67%	18.73%	16.00%	14.02%	14.76%	18.33%	10.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.40%	36.41%	40.43%	43.58%	62.72%	39.34%	37.79%	41.79%	39.03%	26.49%
Earnings before Interest and Taxes (EBIT)	418	439	261	204	-144	351	344	281	162	231
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	750	734	542	492	144	598	553	493	317	317
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.69	4.57	4.32	3.42	4.72	4.71	3.38	3.74	3.19	3.15
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.65	3.26	3.04	3.40	5.76	5.26	4.04	4.85	4.71	4.00
Price to Earnings (P/E)	22.53	31.19	35.42	62,920.76	0.00	91.58	35.87	37.86	202.95	33.52
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.44%	3.21%	2.82%	0.00%	0.00%	1.09%	2.79%	2.64%	0.49%	2.98%
Enterprise Value to Invested Capital (EV/IC)	10.37	18.54	6.12	2.65	2.92	2.78	2.19	2.27	1.94	2.17
Enterprise Value to Revenue (EV/Rev)	2.31	2.69	2.79	3.87	6.91	6.47	5.24	6.37	6.68	5.06
Enterprise Value to EBITDA (EV/EBITDA)	8.09	9.35	12.10	14.53	74.74	18.65	14.13	16.12	21.37	13.62
Enterprise Value to EBIT (EV/EBIT)	14.53	15.64	25.17	35.06	0.00	31.77	22.75	28.24	41.69	18.70
Enterprise Value to NOPAT (EV/NOPAT)	11.94	14.67	21.71	31.33	0.00	40.32	28.87	41.05	102.72	31.86
Enterprise Value to Operating Cash Flow (EV/OCF)	12.61	7.56	9.65	0.00	14.62	16.82	19.53	58.69	0.00	9.71
Enterprise Value to Free Cash Flow (EV/FCFF)	20.69	5.87	3.40	5.84	41.85	0.00	36.67	44.03	0.00	14.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.94	2.12	1.65	1.36	1.49	1.40	1.31	1.49	1.46	1.09
Long-Term Debt to Equity	2.07	1.55	1.53	1.29	1.41	1.28	1.19	1.24	1.46	1.09
Financial Leverage	-0.71	-0.58	0.01	0.55	0.87	0.95	1.07	1.23	1.11	0.89
Leverage Ratio	8.22	7.32	5.83	4.48	3.99	3.87	3.93	4.05	3.78	3.64
Compound Leverage Factor	8.22	6.15	5.83	4.48	8.35	2.39	2.73	2.51	1.14	2.91
Debt to Total Capital	74.61%	68.00%	62.29%	57.67%	59.80%	58.37%	56.69%	59.80%	59.42%	52.10%
Short-Term Debt to Total Capital	22.05%	18.30%	4.63%	3.15%	3.02%	4.94%	5.22%	9.80%	0.00%	0.00%
Long-Term Debt to Total Capital	52.56%	49.70%	57.66%	54.52%	56.78%	53.43%	51.46%	50.01%	59.42%	52.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	5.14%	2.57%	3.31%	0.25%	0.23%	0.23%	0.54%
Common Equity to Total Capital	25.39%	32.00%	37.71%	37.19%	37.63%	38.32%	43.07%	39.97%	40.35%	47.36%
Debt to EBITDA	5.83	5.27	5.03	5.79	21.00	4.91	4.25	4.92	6.96	3.76
Net Debt to EBITDA	-1.20	-1.98	-1.07	1.23	11.52	3.21	3.20	3.81	6.29	2.82
Long-Term Debt to EBITDA	4.11	3.85	4.66	5.48	19.94	4.49	3.86	4.11	6.96	3.76
Debt to NOPAT	8.60	8.27	9.03	12.49	-47.17	10.61	8.68	12.52	33.46	8.79
Net Debt to NOPAT	-1.78	-3.10	-1.92	2.65	-25.87	6.95	6.54	9.70	30.21	6.59
Long-Term Debt to NOPAT	6.06	6.04	8.35	11.81	-44.79	9.71	7.88	10.47	33.46	8.79
Altman Z-Score	0.89	0.91	0.95	0.98	1.34	1.60	1.62	1.43	1.25	1.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	6.79%	9.31%	7.19%	4.54%	0.57%	0.57%	0.81%	2.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.05	1.08	1.20	1.28	1.26	1.47	1.24	1.15	1.35
Quick Ratio	0.90	0.89	0.91	1.04	1.07	1.18	1.40	1.21	1.14	1.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	293	1,169	1,929	1,224	257	-173	213	181	-1,441	292
Operating Cash Flow to CapEx	326.82%	632.24%	601.77%	-49.53%	915.61%	644.73%	459.23%	170.83%	-228.46%	701.04%
Free Cash Flow to Firm to Interest Expense	0.00	16.67	0.00	0.00	1.64	-1.28	2.03	1.69	-12.71	6.32
Operating Cash Flow to Interest Expense	0.00	12.95	0.00	0.00	4.69	4.92	3.81	1.26	-1.24	9.64
Operating Cash Flow Less CapEx to Interest Expense	0.00	10.90	0.00	0.00	4.18	4.16	2.98	0.52	-1.79	8.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.20	0.22	0.20	0.19	0.23	0.22	0.20	0.21	0.21
Accounts Receivable Turnover	0.79	0.73	0.73	0.73	0.64	0.63	0.56	0.52	0.54	0.49
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.43	11.45	12.32	10.06	7.78	8.61	8.49	7.54	6.62	7.00
Accounts Payable Turnover	0.81	0.68	0.78	0.78	0.77	0.74	0.66	0.70	0.92	0.99
Days Sales Outstanding (DSO)	463.60	499.71	499.66	503.27	568.59	578.87	648.04	695.50	675.65	739.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	451.94	533.44	468.30	467.91	473.89	493.63	552.21	518.20	396.15	367.66
Cash Conversion Cycle (CCC)	11.66	-33.73	31.35	35.35	94.69	85.24	95.83	177.29	279.50	371.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	585	370	1,071	2,699	3,695	4,017	3,567	3,509	3,496	1,989
Invested Capital Turnover	5.50	3.53	1.25	0.58	0.40	0.45	0.42	0.36	0.37	0.41
Increase / (Decrease) in Invested Capital	215	-701	-1,627	-996	-322	450	58	13	1,507	-156
Enterprise Value (EV)	6,071	6,864	6,556	7,152	10,772	11,157	7,818	7,949	6,768	4,322
Market Capitalization	6,975	8,315	7,134	6,292	8,982	9,067	6,037	6,060	4,769	3,416
Book Value per Share	$37.42	$42.60	$37.84	$41.03	$43.17	$44.51	$41.43	$37.77	$35.03	$28.03
Tangible Book Value per Share	($69.24)	($62.10)	($58.56)	($60.52)	($52.92)	($48.26)	($25.07)	($32.84)	($37.60)	($12.95)
Total Capital	5,864	5,689	4,374	4,944	5,062	5,028	4,146	4,055	3,711	2,287
Total Debt	4,375	3,869	2,725	2,851	3,027	2,935	2,350	2,425	2,205	1,192
Total Long-Term Debt	3,082	2,828	2,522	2,695	2,874	2,687	2,134	2,028	2,205	1,192
Net Debt	-904	-1,450	-578	606	1,660	1,923	1,771	1,879	1,990	893
Capital Expenditures (CapEx)	147	144	113	86	80	103	87	79	62	63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,717	-3,795	-2,530	-1,150	-415	60	748	505	95	193
Debt-free Net Working Capital (DFNWC)	1,481	1,457	726	1,056	915	1,041	1,303	1,027	310	492
Net Working Capital (NWC)	188	416	523	900	762	792	1,087	630	310	492
Net Nonoperating Expense (NNE)	199	201	134	92	216	121	101	35	46	26
Net Nonoperating Obligations (NNO)	-903	-1,450	-578	606	1,660	1,923	1,771	1,879	1,990	893
Total Depreciation and Amortization (D&A)	332	295	281	288	288	247	209	212	154	86
Debt-free, Cash-free Net Working Capital to Revenue	-141.43%	-148.94%	-107.62%	-62.14%	-26.60%	3.46%	50.12%	40.45%	9.42%	22.59%
Debt-free Net Working Capital to Revenue	56.37%	57.19%	30.87%	57.04%	58.64%	60.39%	87.30%	82.29%	30.60%	57.53%
Net Working Capital to Revenue	7.16%	16.33%	22.25%	48.63%	48.85%	45.97%	72.79%	50.47%	30.60%	57.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.59	$6.23	$4.54	$0.00	($5.56)	$2.29	$3.90	$3.73	$1.49	$2.63
Adjusted Weighted Average Basic Shares Outstanding	40.80M	42.80M	44.40M	44.72M	43.84M	43.32M	43.16M	42.98M	40.81M	38.77M
Adjusted Diluted Earnings per Share	$7.50	$6.16	$4.50	$0.00	($5.56)	$2.26	$3.86	$3.72	$1.48	$2.62
Adjusted Weighted Average Diluted Shares Outstanding	41.30M	43.30M	44.72M	45.31M	43.84M	43.77M	43.57M	43.11M	40.91M	38.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$2.29	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.82M	41.73M	43.13M	44.83M	44.19M	43.34M	43.14M	43.03M	42.74M	38.64M
Normalized Net Operating Profit after Tax (NOPAT)	509	468	390	228	87	277	275	234	111	140
Normalized NOPAT Margin	19.35%	18.36%	16.58%	12.34%	5.57%	16.06%	18.41%	18.73%	10.96%	16.41%
Pre Tax Income Margin	15.90%	14.47%	11.08%	11.02%	-19.30%	12.56%	15.99%	13.97%	4.83%	21.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	6.26	0.00	0.00	-0.92	2.61	3.27	2.63	1.43	5.00
NOPAT to Interest Expense	0.00	6.67	0.00	0.00	-0.41	2.05	2.58	1.81	0.58	2.94
EBIT Less CapEx to Interest Expense	0.00	4.21	0.00	0.00	-1.43	1.84	2.44	1.89	0.89	3.63
NOPAT Less CapEx to Interest Expense	0.00	4.62	0.00	0.00	-0.92	1.29	1.75	1.07	0.04	1.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	210.59%	113.80%	168.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.26%

This table displays calculated financial ratios and metrics derived from WEX's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.47%	-4.06%	2.16%	8.40%	6.65%	-41.62%	5.73%	3.86%	0.00%	128.38%	27.62%
EBITDA Growth	8.02%	-11.40%	22.31%	0.49%	2.06%	-76.17%	218.18%	26.66%	136.84%	910.76%	-67.31%
EBIT Growth	11.56%	-25.65%	23.23%	-9.93%	-8.35%	-84.59%	1,386.52%	46.52%	119.09%	19,730.84%	-108.58%
NOPAT Growth	-6.86%	0.46%	97.61%	-5.40%	12.56%	-84.65%	386.12%	7.42%	126.82%	1,393.40%	-79.70%
Net Income Growth	8.66%	-24.74%	459.24%	-19.20%	-3.24%	-4.28%	141.72%	179.47%	-23.42%	74.53%	-185.02%
EPS Growth	16.77%	-19.19%	500.00%	-16.82%	-0.64%	-2.46%	142.00%	189.47%	-42.44%	912.00%	-193.46%
Operating Cash Flow Growth	-214.16%	-16.21%	-92.90%	-109.67%	-665.68%	33.01%	-89.14%	147.41%	116.06%	1,876.40%	283.42%
Free Cash Flow Firm Growth	-171.30%	-110.95%	-156.15%	-126.48%	-108.54%	-66.13%	-65.39%	-4.48%	181.88%	131.93%	986.61%
Invested Capital Growth	133.71%	58.09%	123.02%	351.72%	181.57%	-65.44%	-60.86%	-90.95%	-92.88%	-60.30%	-65.59%
Revenue Q/Q Growth	0.03%	-4.37%	-1.19%	3.19%	-1.60%	1.83%	4.84%	1.52%	-46.14%	84.42%	2.99%
EBITDA Q/Q Growth	12.01%	-27.04%	19.87%	10.27%	18.84%	0.71%	-1.52%	12.00%	-78.55%	1,244.76%	-60.80%
EBIT Q/Q Growth	24.57%	-42.88%	32.99%	17.89%	34.73%	-5.33%	-2.80%	19.96%	-86.04%	8,003.37%	-111.07%
NOPAT Q/Q Growth	-10.17%	-12.93%	17.41%	1.44%	-3.12%	71.27%	-43.79%	20.69%	-86.79%	5,323.75%	-87.58%
Net Income Q/Q Growth	11.89%	-37.90%	33.64%	17.02%	-22.50%	361.41%	-80.69%	40.15%	-23.34%	301.13%	-229.33%
EPS Q/Q Growth	13.13%	-36.51%	37.70%	18.06%	-21.72%	371.43%	-80.91%	41.03%	-23.15%	303.00%	-231.58%
Operating Cash Flow Q/Q Growth	-175.44%	19,245.45%	147.14%	95.43%	-120.12%	1,538.49%	-35.77%	167.16%	-95.27%	33.83%	380.29%
Free Cash Flow Firm Q/Q Growth	-544.50%	81.56%	5.87%	-142.44%	-126.02%	-5.45%	-55.61%	-21.82%	3.23%	-3.40%	22.52%
Invested Capital Q/Q Growth	107.40%	-49.01%	39.11%	58.86%	40.29%	-28.07%	181.77%	-0.98%	-82.78%	-18.53%	-34.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.59%	59.52%	62.55%	60.83%	59.06%	61.42%	63.91%	62.18%	59.59%	93.14%	59.08%
EBITDA Margin	28.57%	25.52%	33.45%	27.57%	25.80%	27.63%	27.94%	29.74%	26.96%	67.70%	9.28%
Operating Margin	24.71%	24.72%	29.51%	24.96%	25.20%	23.90%	26.85%	25.66%	25.21%	74.51%	3.46%
EBIT Margin	15.77%	12.67%	21.20%	15.75%	13.79%	16.34%	17.58%	18.96%	16.05%	61.91%	-1.44%
Profit (Net Income) Margin	11.23%	10.04%	15.46%	11.43%	10.08%	12.80%	2.82%	15.34%	11.11%	7.81%	-7.16%
Tax Burden Percent	71.22%	79.28%	72.93%	72.57%	73.11%	78.32%	41.44%	80.90%	69.25%	11.10%	101.85%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	38.78%	100.00%	100.00%	113.63%	486.52%
Effective Tax Rate	28.78%	20.72%	27.07%	27.43%	26.89%	21.68%	58.56%	19.10%	30.75%	4.48%	0.00%
Return on Invested Capital (ROIC)	53.03%	107.77%	68.72%	94.91%	135.51%	66.15%	36.74%	56.27%	37.25%	88.74%	1.61%
ROIC Less NNEP Spread (ROIC-NNEP)	62.51%	112.94%	73.44%	98.45%	139.48%	70.02%	43.96%	61.14%	46.73%	-5,078.15%	-6.41%
Return on Net Nonoperating Assets (RNNOA)	-20.64%	-80.33%	-37.24%	-70.51%	-111.00%	-40.93%	-19.78%	-23.58%	-10.65%	-37.82%	-2.57%
Return on Equity (ROE)	32.39%	27.45%	31.48%	24.40%	24.51%	25.22%	16.95%	32.69%	26.60%	50.93%	-0.96%
Cash Return on Invested Capital (CROIC)	-22.44%	61.41%	-14.82%	-34.29%	41.75%	162.15%	217.63%	264.26%	251.63%	102.35%	90.29%
Operating Return on Assets (OROA)	2.90%	2.45%	4.04%	3.02%	2.63%	3.28%	4.11%	4.41%	3.95%	13.33%	-0.23%
Return on Assets (ROA)	2.07%	1.94%	2.95%	2.19%	1.92%	2.57%	0.66%	3.57%	2.74%	1.68%	-1.14%
Return on Common Equity (ROCE)	32.39%	27.45%	31.48%	24.40%	24.51%	25.22%	16.95%	32.69%	26.60%	47.47%	-0.91%
Return on Equity Simple (ROE_SIMPLE)	38.91%	0.00%	19.71%	13.80%	14.87%	0.00%	15.94%	11.75%	8.78%	0.00%	7.95%
Net Operating Profit after Tax (NOPAT)	112	125	143	122	120	124	72	129	107	809	15
NOPAT Margin	17.60%	19.60%	21.52%	18.11%	18.43%	18.72%	11.13%	20.76%	17.46%	71.17%	2.42%
Net Nonoperating Expense Percent (NNEP)	-9.48%	-5.17%	-4.71%	-3.54%	-3.97%	-3.87%	-7.22%	-4.87%	-9.47%	5,166.90%	8.03%
Return On Investment Capital (ROIC_SIMPLE)	1.75%	2.13%	-	-	-	2.18%	-	-	-	18.49%	-
Cost of Revenue to Revenue	42.41%	40.48%	37.45%	39.17%	40.94%	38.58%	36.09%	37.82%	40.41%	6.87%	40.92%
SG&A Expenses to Revenue	11.58%	14.80%	13.84%	15.00%	13.56%	17.53%	17.90%	17.09%	14.53%	8.38%	14.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.88%	34.82%	33.04%	35.87%	33.86%	37.52%	37.06%	36.52%	34.38%	18.61%	55.64%
Earnings before Interest and Taxes (EBIT)	100	81	141	106	90	108	115	118	98	703	-8.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	182	162	223	186	168	183	182	185	165	769	57
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.52	4.69	5.14	4.16	5.71	4.57	4.76	4.41	4.75	4.32	3.44
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.33	2.65	3.25	2.81	3.92	3.26	2.67	2.61	2.68	3.04	3.28
Price to Earnings (P/E)	19.33	22.53	26.06	30.16	38.39	31.19	8.55	8.84	9.65	35.42	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.17%	4.44%	3.84%	3.32%	2.60%	3.21%	11.70%	11.32%	10.36%	2.82%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.35	10.37	7.04	7.83	17.12	18.54	13.40	34.01	34.94	6.12	4.02
Enterprise Value to Revenue (EV/Rev)	2.49	2.31	3.05	2.45	3.44	2.69	2.28	2.08	2.18	2.79	3.09
Enterprise Value to EBITDA (EV/EBITDA)	8.63	8.09	10.64	8.99	12.38	9.35	5.30	5.28	5.67	12.10	0.00
Enterprise Value to EBIT (EV/EBIT)	15.18	14.53	18.15	15.43	20.65	15.64	6.67	6.82	7.38	25.17	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.00	11.94	15.86	13.76	18.45	14.67	5.79	5.79	5.94	21.71	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	42.45	12.61	13.37	9.97	12.22	7.56	9.60	5.65	7.36	9.65	71.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	20.69	0.00	0.00	60.52	5.87	3.46	2.14	1.84	3.40	2.28
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.89	2.94	2.73	2.36	2.36	2.12	2.13	1.82	1.75	1.65	1.72
Long-Term Debt to Equity	5.06	2.07	1.87	1.66	1.73	1.55	1.56	1.41	1.58	1.53	1.62
Financial Leverage	-0.33	-0.71	-0.51	-0.72	-0.80	-0.58	-0.45	-0.39	-0.23	0.01	0.40
Leverage Ratio	10.97	8.22	8.26	7.77	7.87	7.32	7.76	7.16	6.69	5.83	5.84
Compound Leverage Factor	10.97	8.22	8.26	7.77	7.87	7.32	3.01	7.16	6.69	6.63	28.42
Debt to Total Capital	87.33%	74.61%	73.19%	70.23%	70.23%	68.00%	68.02%	64.56%	63.62%	62.29%	63.20%
Short-Term Debt to Total Capital	23.23%	22.05%	22.94%	20.84%	18.64%	18.30%	18.05%	14.49%	6.32%	4.63%	3.53%
Long-Term Debt to Total Capital	64.10%	52.56%	50.24%	49.40%	51.60%	49.70%	49.97%	50.07%	57.30%	57.66%	59.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	12.67%	25.39%	26.81%	29.77%	29.77%	32.00%	31.98%	35.44%	36.38%	37.71%	36.80%
Debt to EBITDA	7.42	5.83	6.02	5.85	5.84	5.27	2.77	2.74	2.57	5.03	-16.39
Net Debt to EBITDA	0.54	-1.20	-0.70	-1.33	-1.75	-1.98	-0.91	-1.35	-1.31	-1.07	1.85
Long-Term Debt to EBITDA	5.45	4.11	4.14	4.11	4.29	3.85	2.04	2.12	2.31	4.66	-15.48
Debt to NOPAT	11.17	8.60	8.98	8.96	8.70	8.27	3.03	3.00	2.69	9.03	-14.91
Net Debt to NOPAT	0.81	-1.78	-1.04	-2.04	-2.61	-3.10	-0.99	-1.48	-1.37	-1.92	1.68
Long-Term Debt to NOPAT	8.20	6.06	6.16	6.30	6.39	6.04	2.23	2.33	2.42	8.35	-14.07
Altman Z-Score	0.74	0.81	0.88	0.78	0.90	0.84	0.83	0.86	0.91	1.07	0.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.79%	5.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.02	1.04	1.03	1.06	1.05	1.03	1.04	1.07	1.08	1.12
Quick Ratio	0.95	0.90	0.94	0.89	0.90	0.89	0.88	0.88	0.93	0.91	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-583	-90	-490	-521	-215	825	873	1,966	2,515	2,436	2,522
Operating Cash Flow to CapEx	-1,477.30%	1,649.61%	9.43%	-17.68%	-450.88%	1,818.38%	127.75%	208.65%	88.56%	1,531.55%	1,431.44%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	12.45	0.00	0.00	0.00	73.31
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.66	0.00	0.00	0.00	12.44
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.00	0.00	0.00	11.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.19	0.19	0.19	0.19	0.20	0.23	0.23	0.25	0.22	0.16
Accounts Receivable Turnover	0.66	0.79	0.66	0.67	0.69	0.73	0.74	0.71	0.78	0.73	0.48
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.28	10.43	10.83	11.02	11.27	11.45	14.53	14.81	15.29	12.32	9.36
Accounts Payable Turnover	0.65	0.81	0.67	0.63	0.61	0.68	0.48	0.47	0.51	0.78	0.73
Days Sales Outstanding (DSO)	551.86	463.60	557.08	543.55	532.12	499.71	493.82	512.04	466.38	499.66	762.67
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	558.67	451.94	547.48	578.71	598.45	533.44	758.02	778.44	716.31	468.30	497.72
Cash Conversion Cycle (CCC)	-6.81	11.66	9.60	-35.17	-66.34	-33.73	-264.20	-266.40	-249.92	31.35	264.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,214	585	1,148	825	520	370	515	183	185	1,071	1,315
Invested Capital Turnover	3.01	5.50	3.19	5.24	7.35	3.53	3.30	2.71	2.13	1.25	0.67
Increase / (Decrease) in Invested Capital	695	215	633	643	335	-701	-800	-1,837	-2,408	-1,627	-2,507
Enterprise Value (EV)	6,499	6,071	8,087	6,464	8,893	6,864	6,898	6,214	6,446	6,556	5,292
Market Capitalization	6,095	6,975	8,617	7,422	10,151	8,315	8,079	7,800	7,932	7,134	5,607
Book Value per Share	$20.88	$37.42	$40.83	$42.57	$42.53	$42.60	$39.49	$41.29	$38.73	$37.84	$36.92
Tangible Book Value per Share	($87.80)	($69.24)	($64.77)	($61.69)	($62.98)	($62.10)	($59.23)	($54.93)	($57.81)	($58.56)	($58.53)
Total Capital	6,395	5,864	6,256	5,992	5,972	5,689	5,304	4,991	4,592	4,374	4,432
Total Debt	5,585	4,375	4,579	4,208	4,195	3,869	3,607	3,222	2,922	2,725	2,801
Total Long-Term Debt	4,100	3,082	3,143	2,960	3,082	2,828	2,650	2,499	2,631	2,522	2,644
Net Debt	404	-904	-529	-958	-1,258	-1,450	-1,182	-1,586	-1,486	-578	-316
Capital Expenditures (CapEx)	33	39	35	40	34	42	36	35	31	37	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,204	-3,717	-3,208	-3,539	-3,725	-3,795	-3,509	-3,667	-3,520	-2,530	-2,140
Debt-free Net Working Capital (DFNWC)	1,896	1,481	1,827	1,562	1,662	1,457	1,233	1,093	839	726	941
Net Working Capital (NWC)	410	188	391	314	549	416	276	370	549	523	784
Net Nonoperating Expense (NNE)	41	61	40	45	54	39	54	34	39	720	59
Net Nonoperating Obligations (NNO)	404	-903	-529	-958	-1,258	-1,450	-1,182	-1,586	-1,486	-578	-316
Total Depreciation and Amortization (D&A)	82	82	82	80	78	75	68	67	67	66	66
Debt-free, Cash-free Net Working Capital to Revenue	-122.67%	-141.43%	-120.82%	-134.00%	-143.88%	-148.94%	-116.17%	-122.82%	-118.82%	-107.62%	-125.01%
Debt-free Net Working Capital to Revenue	72.57%	56.37%	68.80%	59.15%	64.20%	57.19%	40.81%	36.62%	28.32%	30.87%	54.97%
Net Working Capital to Revenue	15.70%	7.16%	14.74%	11.87%	21.21%	16.33%	9.12%	12.40%	18.52%	22.25%	45.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.84	$1.61	$2.56	$1.85	$1.57	$2.00	$0.43	$2.22	$1.58	$2.05	($1.00)
Adjusted Weighted Average Basic Shares Outstanding	38.90M	40.80M	40.30M	41.70M	41.80M	42.80M	42.90M	42.90M	43.10M	44.40M	44.23M
Adjusted Diluted Earnings per Share	$1.81	$1.60	$2.52	$1.83	$1.55	$1.98	$0.42	$2.20	$1.56	$2.03	($1.00)
Adjusted Weighted Average Diluted Shares Outstanding	39.40M	41.30M	40.80M	42M	42.40M	43.30M	43.40M	43.40M	43.60M	44.70M	44.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.24M	38.82M	39.78M	41.08M	41.90M	41.73M	42.74M	42.95M	42.84M	43.13M	43.59M
Normalized Net Operating Profit after Tax (NOPAT)	112	125	143	122	120	124	122	129	107	809	110
Normalized NOPAT Margin	17.60%	19.60%	21.52%	18.11%	18.43%	18.72%	18.79%	20.76%	17.46%	71.17%	17.93%
Pre Tax Income Margin	15.77%	12.67%	21.20%	15.75%	13.79%	16.34%	6.82%	18.96%	16.05%	70.35%	-7.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.63	0.00	0.00	0.00	-0.26
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.03	0.00	0.00	0.00	0.43
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	1.11	0.00	0.00	0.00	-1.13
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.51	0.00	0.00	0.00	-0.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	434.00%	210.59%	210.04%	151.56%	104.43%	113.80%	105.70%	147.28%	261.55%	168.84%	115.41%

Frequently Asked Questions About WEX's Financials

When does WEX's fiscal year end?

According to the most recent income statement we have on file, WEX's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has WEX's net income changed over the last 9 years?

WEX's net income appears to be on an upward trend, with a most recent value of $309.60 million in 2024, rising from $109.61 million in 2015. The previous period was $266.60 million in 2023. See WEX's forecast for analyst expectations on what’s next for the company.

What is WEX's operating income?

WEX's total operating income in 2024 was $686.30 million, based on the following breakdown:

Total Gross Profit: $1.59 billion
Total Operating Expenses: $904.10 million

How has WEX revenue changed over the last 9 years?

Over the last 9 years, WEX's total revenue changed from $854.64 million in 2015 to $2.63 billion in 2024, a change of 207.5%.

How much debt does WEX have?

WEX's total liabilities were at $11.83 billion at the end of 2024, a 1.9% decrease from 2023, and a 329.9% increase since 2015.

How much cash does WEX have?

In the past 9 years, WEX's cash and equivalents has ranged from $190.93 million in 2016 to $975.80 million in 2023, and is currently $595.80 million as of their latest financial filing in 2024.

How has WEX's book value per share changed over the last 9 years?

Over the last 9 years, WEX's book value per share changed from 28.03 in 2015 to 37.42 in 2024, a change of 33.5%.

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This page (NYSE:WEX) was last updated on 5/25/2025 by MarketBeat.com Staff

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WEX (WEX) Financials

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WEX (WEX) Financials

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