Cash flow WEX Inc.

Equities

WEX

US96208T1043

Business Support Services

Market Closed - Nyse Other stock markets 21:00:03 05/06/2026 BST			5-day change	1st Jan Change
148.21 ^USD	+0.91%		+2.24%	-0.52%

06-02	WEX Inc. Presents at 2026 Baird Global Consumer, Technology & Services Conference, Jun-02-2026 02:30 PM
05-21	Handle, Inc. announced that it has received $27 million in funding from Marbruck Investments Pty. Ltd., Energize Ventures LLC, Suffolk Technologies, Liquid 2 Venture LLC, WEX Inc.	CI

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Published financial data: WEX INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.64B	2.09B	2.17B	2.19B	2.19B
Other Revenues, Total	209M	265M	374M	439M	471M
Total Revenues	1.85B	2.35B	2.55B	2.63B	2.66B
Cost of Goods Sold, Total	536M	624M	695M	724M	751M
Gross Profit	1.31B	1.73B	1.85B	1.9B	1.91B
Selling General & Admin Expenses, Total	638M	656M	751M	712M	717M
Provision for Bad Debts	45.11M	180M	89.8M	68.2M	78.4M
Depreciation & Amortization - (IS)	273M	264M	276M	321M	331M
Other Operating Expenses	9.16M	20.58M	84.2M	104M	109M
Other Operating Expenses, Total	965M	1.12B	1.2B	1.21B	1.24B
Operating Income	350M	606M	652M	699M	674M
Interest Expense, Total	-88.44M	-44.34M	-205M	-236M	-241M
Net Interest Expenses	-88.44M	-44.34M	-205M	-236M	-241M
Currency Exchange Gains (Loss)	-12.34M	-22.7M	4.9M	-26.1M	-200K
Other Non Operating Income (Expenses)	-796K	-3.17M	-	-100K	-100K
EBT, Excl. Unusual Items	248M	536M	452M	437M	433M
Restructuring Charges	-5.4M	-	-	-12.3M	-
Merger & Related Restructuring Charges	-2.4M	-	-4.6M	-	-
Impairment of Goodwill	-	-136M	-	-	-
Gain (Loss) On Sale Of Investments	3.62M	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-9.9M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-40.1M	-139M	-78.6M	-6.5M	-2.9M
EBT, Incl. Unusual Items	204M	261M	369M	418M	420M
Income Tax Expense	67.81M	93.08M	102M	108M	116M
Earnings From Continuing Operations	136M	167M	267M	310M	304M
Net Income to Company	136M	167M	267M	310M	304M
Minority Interest	-136M	33.98M	-	-	-
Net Income - (IS)	137K	201M	267M	310M	304M
Net Income to Common Incl Extra Items	137K	201M	267M	310M	304M
Net Income to Common Excl. Extra Items	137K	201M	267M	310M	304M
Per Share Items
Net EPS - Basic	0	4.54	6.23	7.59	8.57
Basic EPS - Continuing Operations	0	4.54	6.23	7.59	8.57
Basic Weighted Average Shares Outstanding	44.72M	44.4M	42.8M	40.8M	35.5M
Net EPS - Diluted	0	4.5	6.16	7.5	8.47
Diluted EPS - Continuing Operations	0	4.5	6.16	7.5	8.47
Diluted Weighted Average Shares Outstanding	45.31M	44.72M	43.3M	41.3M	35.9M
Normalized Basic EPS	0.43	8.31	6.6	6.69	7.62
Normalized Diluted EPS	0.42	8.25	6.52	6.61	7.54
American Depositary Receipts Ratio (ADR)	0.07	0.07	0.07	0.07	0.07
Supplemental Items
EBITDA	548M	792M	849M	910M	874M
EBITA	531M	777M	836M	900M	866M
EBIT	350M	606M	652M	699M	674M
EBITDAR	573M	812M	865M	924M	886M
Total Revenues (As Reported)	1.85B	2.35B	2.55B	2.63B	2.66B
Effective Tax Rate - (Ratio)	33.25	35.73	27.71	25.9	27.63
Current Domestic Taxes	44.1M	139M	90.3M	64.7M	48.5M
Current Foreign Taxes	10.82M	14.03M	33.2M	32.4M	24M
Total Current Taxes	54.93M	153M	124M	97.1M	72.5M
Deferred Domestic Taxes	-926K	-53.76M	-16.7M	16.1M	41.5M
Deferred Foreign Taxes	13.8M	-6.39M	-4.6M	-5M	2.1M
Total Deferred Taxes	12.88M	-60.15M	-21.3M	11.1M	43.6M
Normalized Net Income	19.14M	369M	282M	273M	271M
Supplemental Operating Expense Items
Advertising Expense	20.6M	23.4M	27.1M	31.5M	42.9M
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	319M	312M	328M	339M	387M
General and Administrative Expenses	295M	324M	408M	359M	319M
Research And Development Expense From Footnotes	74.19M	78M	78.7M	110M	131M
Net Rental Expense, Total	24.3M	19.5M	15.6M	14M	11.3M
Imputed Operating Lease Interest Expense	5.6M	2.34M	7.56M	6.3M	4.64M
Imputed Operating Lease Depreciation	18.7M	17.16M	8.04M	7.7M	6.66M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	76.55M	101M	132M	112M	104M
Total Stock-Based Compensation	76.55M	101M	132M	112M	104M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	589M	922M	976M	596M	906M
Short Term Investments	949M	1.4B	3.02B	3.76B	4.33B
Trading Asset Securities, Total	100K	45.3M	-	-	-
Total Cash And Short Term Investments	1.54B	2.36B	4B	4.36B	5.24B
Accounts Receivable, Total	3.03B	3.43B	3.57B	3.13B	3.5B
Other Receivables	4.2M	9.3M	24.7M	30.9M	36.3M
Total Receivables	3.03B	3.44B	3.59B	3.16B	3.54B
Prepaid Expenses	59.32M	63.89M	63.6M	127M	131M
Restricted Cash	668M	938M	1.25B	838M	773M
Other Current Assets, Total	4.97M	11.24M	25.5M	31.5M	30.4M
Total Current Assets	5.3B	6.82B	8.94B	8.52B	9.71B
Gross Property Plant And Equipment	717M	799M	849M	948M	1.02B
Accumulated Depreciation	-458M	-530M	-544M	-632M	-713M
Net Property Plant And Equipment	259M	269M	305M	316M	305M
Long-term Investments	54.55M	84.1M	66.8M	80.5M	117M
Goodwill	2.91B	2.73B	3.02B	2.98B	3.02B
Other Intangibles, Total	1.64B	1.47B	1.46B	1.26B	1.09B
Accounts Receivable Long-Term	40.72M	37.91M	33.1M	29.1M	36.2M
Deferred Tax Assets Long-Term	5.64M	13.36M	13.7M	18.3M	16.9M
Deferred Charges Long-Term	4.37M	5.19M	13.8M	15.8M	14.7M
Other Long-Term Assets, Total	91.67M	99.91M	40.3M	103M	93.5M
Total Assets	10.31B	11.53B	13.88B	13.32B	14.4B
Liabilities
Accounts Payable, Total	1.02B	1.37B	1.48B	1.09B	1.07B
Accrued Expenses, Total	477M	644M	714M	553M	608M
Short-term Borrowings	101M	111M	986M	1.24B	1.27B
Current Portion of Long-Term Debt	72.51M	92.03M	55.1M	52.1M	54.7M
Current Portion of Leases	15.5M	-	12M	10.1M	9.5M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	9.12M	-	12.4M	28.6M	26.7M
Other Current Liabilities	2.7B	4.08B	5.26B	5.35B	6.25B
Total Current Liabilities	4.4B	6.29B	8.52B	8.33B	9.29B
Long-Term Debt	2.7B	2.7B	2.83B	3.08B	3.53B
Long-Term Leases	81.05M	70.64M	66M	60.4M	54M
Unearned Revenue Non Current	58.9M	87.04M	83M	51.3M	64.8M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	193M	142M	130M	146M	187M
Other Non Current Liabilities	784M	586M	436M	166M	40.3M
Total Liabilities	8.21B	9.88B	12.06B	11.83B	13.16B
Common Stock, Total	492K	495K	500K	500K	500K
Additional Paid In Capital	844M	928M	1.05B	1.15B	1.21B
Retained Earnings	1.29B	1.49B	1.76B	2.07B	2.37B
Treasury Stock	-172M	-463M	-761M	-1.42B	-2.22B
Comprehensive Income and Other	-123M	-306M	-229M	-312M	-128M
Total Common Equity	1.84B	1.65B	1.82B	1.49B	1.23B
Minority Interest	254M	-	-	-	-
Total Equity	2.09B	1.65B	1.82B	1.49B	1.23B
Total Liabilities And Equity	10.31B	11.53B	13.88B	13.32B	14.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	44.83M	43.13M	41.73M	38.82M	34.31M
ECS Total Common Shares Outstanding	44.83M	43.22M	41.9M	39M	34.3M
Book Value / Share	41.02	38.17	43.45	38.17	35.99
Tangible Book Value	-2.71B	-2.55B	-2.65B	-2.75B	-2.87B
Tangible Book Value Per Share	-60.51	-59.07	-63.34	-70.63	-83.64
Total Debt	2.97B	2.97B	3.95B	4.45B	4.92B
Net Debt	1.43B	611M	-51.3M	85.3M	-317M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	3.4M	3.8M	3.3M	2.4M
Debt Equivalent Oper. Leases	194M	156M	125M	112M	90.4M
Minority Interest, Total (Incl. Fin. Div)	254M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	84.36M	83.21M	51.9M	51.1M	47.1M
Full Time Employees	5.6K	6.1K	7.2K	6.5K	6.6K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	66.31M	110M	90.1M	77.6M	84.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	137K	201M	267M	310M	304M
Depreciation & Amortization - CF	16.76M	15.37M	13.5M	9.8M	8.6M
Amortization of Goodwill and Intangible Assets - (CF)	182M	170M	184M	202M	192M
Depreciation & Amortization, Total	198M	186M	198M	212M	200M
Amortization of Deferred Charges, Total - (CF)	74.19M	78M	78.7M	110M	131M
(Gain) Loss From Sale Of Asset	-25.48M	-70.94M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-2.29M	4.11M	-	-	-
Asset Writedown & Restructuring Costs	-	136M	-	-	-
Provision for Credit Losses	-	-	-	-	-
Stock-Based Compensation (CF)	74.76M	97.9M	127M	112M	100M
Provision and Write-off of Bad Debts	45.11M	180M	89.8M	68.2M	78.4M
Other Operating Activities, Total	205M	62.2M	154M	41.4M	54.4M
Change In Accounts Receivable	-959M	-603M	-195M	325M	-401M
Change In Accounts Payable	253M	349M	115M	-396M	-20.1M
Change In Income Taxes	4.14M	8.59M	-8.2M	-31.3M	30M
Change in Other Net Operating Assets	283M	49.95M	82.5M	-269M	-23.3M
Cash from Operations	150M	679M	908M	481M	454M
Capital Expenditure	-86.04M	-113M	-144M	-147M	-141M
Cash Acquisitions	-559M	-	-402M	-900K	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-3.34M	-4.5M	-5.1M	-73.1M
Investment in Marketable and Equity Securities, Total	-956M	-600M	-1.59B	-807M	-488M
Other Investing Activities, Total	-	-	-	100K	4.8M
Cash from Investing	-1.6B	-717M	-2.14B	-961M	-697M
Short Term Debt Issued, Total	20.72M	16.67M	58.9M	3.22B	18.41B
Long-Term Debt Issued, Total	1.76B	2.43B	9.42B	10.3B	11.08B
Total Debt Issued	1.78B	2.44B	9.48B	13.51B	29.5B
Short Term Debt Repaid, Total	-	-	-	-2.18B	-18.39B
Long-Term Debt Repaid, Total	-2.01B	-2.57B	-8.42B	-10.82B	-10.62B
Total Debt Repaid	-2.01B	-2.57B	-8.42B	-13B	-29.02B
Issuance of Common Stock	44.2M	4.95M	16.1M	17.1M	-
Repurchase of Common Stock	-23.46M	-302M	-322M	-685M	-800M
Other Financing Activities, Total	1.61B	1.11B	815M	-107M	738M
Cash from Financing	1.4B	681M	1.57B	-260M	419M
Foreign Exchange Rate Adjustments	-25.38M	-41.14M	27.4M	-53.5M	65.1M
Net Change in Cash	-72.82M	603M	370M	-793M	241M
Supplemental Items
Cash Interest Paid	132M	129M	248M	328M	334M
Cash Income Tax Paid (Refund)	50.62M	143M	130M	132M	44.5M
Levered Free Cash Flow	977M	1.75B	1.44B	911M	1.1B
Unlevered Free Cash Flow	1.03B	1.78B	1.57B	1.06B	1.25B
Change In Net Working Capital	-550M	-1.15B	-904M	-340M	-607M
Net Debt Issued / Repaid	-229M	-129M	1.06B	514M	480M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.36	3.47	3.21	3.21	3.04
Return on Total Capital	4.26	7.85	7.97	7.46	6.97
Return On Equity %	6.6	8.95	15.37	18.71	22.33
Return on Common Equity	0.01	11.55	15.37	18.71	22.33
Margin Analysis
Gross Profit Margin %	71.05	73.45	72.73	72.44	71.77
SG&A Margin	34.48	27.9	29.48	27.07	26.95
EBITDA Margin %	29.63	33.7	33.33	34.64	32.86
EBITA Margin %	28.72	33.05	32.8	34.26	32.54
EBIT Margin %	18.9	25.8	25.58	26.58	25.33
Income From Continuing Operations Margin %	7.36	7.12	10.46	11.78	11.43
Net Income Margin %	0.01	8.57	10.46	11.78	11.43
Net Avail. For Common Margin %	0.01	8.57	10.46	11.78	11.43
Normalized Net Income Margin	1.03	15.7	11.09	10.38	10.17
Levered Free Cash Flow Margin	52.78	74.64	56.62	34.65	41.31
Unlevered Free Cash Flow Margin	55.76	75.81	61.64	40.26	46.96
Asset Turnover
Asset Turnover	0.2	0.22	0.2	0.19	0.19
Fixed Assets Turnover	6.95	8.9	8.88	8.47	8.57
Receivables Turnover (Average Receivables)	0.64	0.65	0.62	0.65	0.66
Short Term Liquidity
Current Ratio	1.2	1.08	1.05	1.02	1.05
Quick Ratio	1.04	0.92	0.89	0.9	0.95
Operating Cash Flow to Current Liabilities	0.03	0.11	0.11	0.06	0.05
Days Sales Outstanding (Average Receivables)	569.07	565.07	587.7	559.83	552.64
Average Days Payable Outstanding	613.29	698.2	747.15	649.24	525.08
Long Term Solvency
Total Debt/Equity	141.8	180.25	216.77	298.62	398.7
Total Debt / Total Capital	58.64	64.32	68.43	74.91	79.95
LT Debt/Equity	132.77	167.96	158.93	211.08	290.48
Long-Term Debt / Total Capital	54.91	59.93	50.17	52.95	58.25
Total Liabilities / Total Assets	79.69	85.69	86.89	88.82	91.43
EBIT / Interest Expense	3.96	13.67	3.19	2.96	2.8
EBITDA / Interest Expense	6.47	18.31	4.23	3.92	3.68
(EBITDA - Capex) / Interest Expense	5.5	15.76	3.52	3.29	3.1
Total Debt / EBITDA	5.18	3.66	4.56	4.81	5.56
Net Debt / EBITDA	2.5	0.75	-0.06	0.09	-0.36
Total Debt / (EBITDA - Capex)	6.1	4.25	5.47	5.72	6.61
Net Debt / (EBITDA - Capex)	2.94	0.87	-0.07	0.11	-0.43
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.13	27.02	8.4	3.15	1.24
Gross Profit, 1 Yr. Growth %	20.96	31.3	7.33	2.74	0.31
EBITDA, 1 Yr. Growth %	52.24	44.5	7.18	7.2	-3.93
EBITA, 1 Yr. Growth %	55.54	46.16	7.57	7.75	-3.84
EBIT, 1 Yr. Growth %	105.08	73.34	7.47	7.21	-3.54
Earnings From Cont. Operations, 1 Yr. Growth %	-148.54	23.01	59.16	16.13	-1.78
Net Income, 1 Yr. Growth %	-100.06	147K	32.37	16.13	-1.78
Normalized Net Income, 1 Yr. Growth %	52.27	1.83K	-23.45	-3.41	-0.82
Diluted EPS Before Extra, 1 Yr. Growth %	-100.05	149K	36.89	21.75	12.93
Accounts Receivable, 1 Yr. Growth %	44.61	13.45	3.99	-12.36	12.01
Net Property, Plant and Equip., 1 Yr. Growth %	-5.25	3.9	13.23	3.64	-3.45
Total Assets, 1 Yr. Growth %	25.95	11.86	20.41	-4.04	8.09
Tangible Book Value, 1 Yr. Growth %	16.16	-5.88	3.95	3.8	4.15
Common Equity, 1 Yr. Growth %	-3.47	-10.29	10.37	-18.22	-17.08
Cash From Operations, 1 Yr. Growth %	-82.45	-1.7K	33.63	-46.98	-5.63
Capital Expenditures, 1 Yr. Growth %	6.92	31.19	27.19	2.58	-4.55
Levered Free Cash Flow, 1 Yr. Growth %	153.76	73.74	-17.13	-36.88	20.7
Unlevered Free Cash Flow, 1 Yr. Growth %	106.27	67.32	-11.29	-32.63	18.1
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.1	23.01	17.34	5.74	2.19
Gross Profit, 2 Yr. CAGR %	2.56	26.02	18.71	5.01	1.51
EBITDA, 2 Yr. CAGR %	-3.02	48.32	25.09	7.19	1.47
EBITA, 2 Yr. CAGR %	-2.84	50.78	26.05	7.66	1.78
EBIT, 2 Yr. CAGR %	-6.91	88.54	37.58	7.34	1.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.37	-22.73	39.96	35.95	6.8
Net Income, 2 Yr. CAGR %	-96.28	-9.07	5.06K	23.99	6.8
Normalized Net Income, 2 Yr. CAGR %	-53.92	441.84	296.16	-14.01	-2.12
Diluted EPS Before Extra, 2 Yr. CAGR %	-96.34	-10.04	5.18K	29.1	17.26
Accounts Receivable, 2 Yr. CAGR %	4.36	28.09	8.62	-4.54	-0.92
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.96	-0.78	8.46	8.33	0.03
Total Assets, 2 Yr. CAGR %	11.45	18.7	16.06	7.49	1.85
Tangible Book Value, 2 Yr. CAGR %	13.94	4.56	-1.09	3.87	3.98
Common Equity, 2 Yr. CAGR %	-2.31	-6.94	-0.5	-5	-17.65
Cash From Operations, 2 Yr. CAGR %	-52.38	-3.97	361.65	-15.82	-29.26
Capital Expenditures, 2 Yr. CAGR %	-8.54	18.43	29.22	14.22	-1.05
Levered Free Cash Flow, 2 Yr. CAGR %	8.28	113.5	19.76	-27.67	-12.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	4.81	88.73	21.63	-22.69	-10.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.43	11.24	17.93	12.4	4.22
Gross Profit, 3 Yr. CAGR %	5.19	11.36	19.46	13.13	3.42
EBITDA, 3 Yr. CAGR %	-0.1	10.76	33.1	18.82	3.34
EBITA, 3 Yr. CAGR %	0.29	11.32	34.73	19.63	3.68
EBIT, 3 Yr. CAGR %	-3.46	14.53	56.33	26.61	3.58
Earnings From Cont. Operations, 3 Yr. CAGR %	-7.1	2.55	-1.68	31.52	21.99
Net Income, 3 Yr. CAGR %	-90.66	26.71	3.05	1.36K	14.72
Normalized Net Income, 3 Yr. CAGR %	-49.96	59.96	182.2	147.49	-9.82
Diluted EPS Before Extra, 3 Yr. CAGR %	-90.78	25.81	3.47	1.4K	23.47
Accounts Receivable, 3 Yr. CAGR %	3.89	7.31	19.49	1.12	0.69
Net Property, Plant and Equip., 3 Yr. CAGR %	11.3	-1.41	3.68	6.83	4.25
Total Assets, 3 Yr. CAGR %	15.04	11.58	19.26	8.93	7.69
Tangible Book Value, 3 Yr. CAGR %	35.91	6.91	4.35	0.51	3.97
Common Equity, 3 Yr. CAGR %	0.98	-5.05	-1.5	-6.8	-9.21
Cash From Operations, 3 Yr. CAGR %	-27.84	0.81	7.21	124.4	-12.55
Capital Expenditures, 3 Yr. CAGR %	-0.43	3.15	21.29	19.65	7.59
Levered Free Cash Flow, 3 Yr. CAGR %	111	28.18	55.34	-3.26	-14.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	83.41	23.79	46.42	-0.11	-10.97
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.82	13.49	11.29	9.01	11.36
Gross Profit, 5 Yr. CAGR %	14.7	13.98	10.41	8.78	11.93
EBITDA, 5 Yr. CAGR %	12.22	13.06	9.08	9.32	19.41
EBITA, 5 Yr. CAGR %	12.74	13.55	9.66	9.85	20.43
EBIT, 5 Yr. CAGR %	12.52	18.67	10.88	11.6	31.63
Earnings From Cont. Operations, 5 Yr. CAGR %	46.26	1.05	9.45	14.8	1.63
Net Income, 5 Yr. CAGR %	-64.26	4.71	9.64	25.61	4.53
Normalized Net Income, 5 Yr. CAGR %	-23.74	24.13	13.09	24.79	84.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-64.93	3.94	9.8	27.11	8.78
Accounts Receivable, 5 Yr. CAGR %	7.05	5.61	5.76	2.4	10.87
Net Property, Plant and Equip., 5 Yr. CAGR %	9.14	10.43	10.15	2.38	2.21
Total Assets, 5 Yr. CAGR %	11.44	11.5	15.44	9.93	11.97
Tangible Book Value, 5 Yr. CAGR %	11.04	12.62	19.68	5.68	4.2
Common Equity, 5 Yr. CAGR %	4.2	0.35	0.39	-5.03	-8.31
Cash From Operations, 5 Yr. CAGR %	1.27	38.07	17.8	-6.21	-9.22
Capital Expenditures, 5 Yr. CAGR %	6.84	7.32	10.5	7.45	11.81
Levered Free Cash Flow, 5 Yr. CAGR %	17.22	31.89	69.22	1.8	23.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	16.29	28.65	56.51	2.41	20.09