WEX Inc.
WEX Inc. (WEX) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for WEX Inc. (WEX), featuring income statements, balance sheets, and cash flow data.
WEX Inc. (WEX) Income Statement & Financial Overview
Explore comprehensive income reports for WEX Inc. WEX, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $636.60M | $636.50M | $665.50M | $673.50M |
| Cost of Revenue | $270.00M | $257.50M | $249.30M | $290.10M |
| Gross Profit | $366.60M | $379.00M | $416.20M | $383.40M |
| Gross Profit Ratio | $0.58 | $0.60 | $0.63 | $0.57 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $164.60M | $175.30M | $173.00M | $194.70M |
| Operating Expenses | $209.30M | $221.70M | $219.80M | $213.90M |
| Total Costs & Expenses | $479.30M | $479.20M | $467.50M | $504.00M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $57.40M | $58.40M | $59.90M |
| Depreciation & Amortization | $81.50M | $81.80M | $81.50M | $79.70M |
| EBITDA | $234.90M | $219.60M | $281.00M | $245.70M |
| EBITDA Ratio | $0.37 | $0.35 | $0.42 | $0.36 |
| Operating Income | $157.30M | $157.30M | $196.40M | $169.50M |
| Operating Income Ratio | $0.25 | $0.25 | $0.30 | $0.25 |
| Other Income/Expenses (Net) | -$56.90M | -$76.70M | -$55.30M | -$63.40M |
| Income Before Tax | $100.40M | $80.60M | $141.10M | $106.10M |
| Income Before Tax Ratio | $0.16 | $0.13 | $0.21 | $0.16 |
| Income Tax Expense | $28.90M | $16.60M | $38.20M | $29.10M |
| Net Income | $71.50M | $63.90M | $102.90M | $77.00M |
| Net Income Ratio | $0.11 | $0.10 | $0.15 | $0.11 |
| EPS | $1.84 | $1.57 | $2.55 | $1.85 |
| Diluted EPS | $1.81 | $1.55 | $2.52 | $1.83 |
| Weighted Avg Shares Outstanding | $38.90M | $39.40M | $40.30M | $41.70M |
| Weighted Avg Shares Outstanding (Diluted) | $39.40M | $40.00M | $40.80M | $42.00M |
Over the last four quarters, WEX Inc. achieved steady financial progress, growing revenue from $673.50M in Q2 2024 to $636.60M in Q1 2025. Gross profit stayed firm with margins at 58% in Q1 2025 versus 57% in Q2 2024. Operating income totaled $157.30M in Q1 2025, maintaining a 25% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $234.90M. Net income rose to $71.50M, with EPS at $1.84. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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