Financials 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

Projected Income Statement: WEX Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,851	2,351	2,548	2,628	2,661	2,849	2,917	3,029
Change	-	27.02%	8.4%	3.14%	1.24%	7.06%	2.39%	3.84%
EBITDA ¹	614.6	870.2	1,108	1,179	1,137	1,228	1,280	1,340
Change	-	41.58%	27.28%	6.46%	-3.6%	8.02%	4.22%	4.7%
EBIT ¹	342	469.8	647.1	686.3	663.9	786.6	831.5	898
Change	-	37.38%	37.73%	6.06%	-3.26%	18.48%	5.7%	8%
Interest Paid ¹	-128.4	-130.7	-174.2	-235.9	-240.6	-208	-200.6	-
Earnings before Tax (EBT) ¹	203.9	260.5	368.8	417.8	420.2	569.4	624.8	652.1
Change	-	27.75%	41.55%	13.29%	0.57%	35.5%	9.73%	4.37%
Net income ¹	0.137	201.4	266.6	309.6	304.1	416.1	455.5	474.9
Change	-	146,935.04%	32.35%	16.13%	-1.78%	36.84%	9.45%	4.27%
Announcement Date	10/02/22	09/02/23	08/02/24	05/02/25	04/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1
Net sales ¹	459.5	482.8	497.5	517.5	598.2	616.1	618.6	612	621.3	651.4	663.3	652.7	673.5	665.5	636.5	636.6	659.6	691.8	672.9	673.8	737.7	736.6	703	709.3	729.8	757.6	736.9	732.7
Change	-	5.07%	3.06%	4.02%	15.59%	2.99%	0.4%	-1.07%	1.52%	4.84%	1.83%	-1.6%	3.19%	-1.19%	-4.36%	0.02%	3.61%	4.88%	-2.73%	0.13%	9.48%	-0.14%	-4.56%	0.9%	2.88%	3.82%	-2.73%	-0.57%
EBITDA ¹	149.1	169.3	178.8	188.7	236.6	223.9	220.9	252.8	273.3	294.5	287	278.8	303.1	324.1	273.4	267.5	277.6	309.3	282.1	279.9	325.5	339.2	303.4	303.1	323.4	345.3	319.8	309.7
Change	-	13.55%	5.56%	5.57%	25.39%	-5.39%	-1.32%	14.42%	8.11%	7.76%	-2.55%	-2.86%	8.72%	6.93%	-15.64%	-2.16%	3.78%	11.42%	-8.79%	-0.78%	16.28%	4.22%	-10.56%	-0.11%	6.72%	6.75%	-7.37%	-3.15%
EBIT ¹	82.28	100.8	108.4	122.3	171.1	21.29	155.1	154.3	159.4	174.9	158.5	164.5	168.1	196.4	157.3	157.3	156.8	183.6	166.3	158.2	209.6	222.8	196.3	191.8	203.8	221.3	203.1	206.4
Change	-	22.54%	7.48%	12.84%	39.96%	-87.56%	628.81%	-0.55%	3.31%	9.72%	-9.38%	3.79%	2.19%	16.84%	-19.91%	0%	-0.32%	17.09%	-9.42%	-4.87%	32.49%	6.3%	-11.91%	-2.3%	6.3%	8.59%	-8.25%	1.62%
Charge d'intérêts ¹	-32.47	-32.49	-30.17	-29.69	-31.82	-34.42	-34.76	-38.4	-42.4	-41.6	-51.8	-60.3	-59.9	-58.4	-62.1	-53	-65	-63.8	-58.8	-53.6	-51.9	-51.4	-50.9	-48	-	-	-	-
Earnings before Tax (EBT) ¹	9.46	71.21	101.7	130.8	48.6	-43.34	124.5	98.2	117.8	44.4	108.4	90	106.1	141.1	80.5	100.4	93.4	116.4	110	108.5	152.6	167.7	143.4	135.5	146.9	164.5	149.1	143.5
Change	-	652.73%	42.88%	28.58%	-62.85%	-189.17%	387.21%	-21.1%	19.96%	-62.31%	144.14%	-16.97%	17.89%	32.99%	-42.95%	24.72%	-6.97%	24.63%	-5.5%	-1.36%	40.66%	9.89%	-14.5%	-5.47%	8.41%	11.96%	-9.37%	-3.78%
Net income ¹	-33.86	48.32	-11.76	122.8	34.13	-44.14	88.69	68	95.3	18.4	84.9	65.8	77	102.9	63.9	71.5	68.1	80.3	84.3	77.7	112.3	122.2	104.8	98.87	108.1	119.3	111	104.1
Change	-	242.72%	-124.34%	1,143.9%	-72.2%	-229.35%	300.91%	-23.33%	40.15%	-80.69%	361.41%	-22.5%	17.02%	33.64%	-37.9%	11.89%	-4.76%	17.91%	4.98%	-7.83%	44.55%	8.77%	-14.23%	-5.65%	9.29%	10.42%	-6.98%	-6.18%
Announcement Date	29/07/21	28/10/21	10/02/22	28/04/22	28/07/22	27/10/22	09/02/23	27/04/23	27/07/23	26/10/23	08/02/24	25/04/24	25/07/24	24/10/24	05/02/25	30/04/25	23/07/25	29/10/25	04/02/26	22/04/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: WEX Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	2,262	1,803	2,893	3,780	3,953	3,253	2,812	2,334
Change	-	-20.29%	60.45%	30.66%	4.58%	-17.7%	-13.56%	-17%
Announcement Date	10/02/22	09/02/23	08/02/24	05/02/25	04/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: WEX Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	86.04	112.9	143.6	147.3	140.6	164.7	165.9	175.2
Change	-	31.19%	27.22%	2.58%	-4.55%	17.12%	0.78%	5.56%
Free Cash Flow (FCF) ¹	64.36	762.1	769.7	562	638	580.8	820.2	915.4
Change	-	1,084.13%	1%	-26.98%	13.52%	-8.97%	41.22%	11.61%
Announcement Date	10/02/22	09/02/23	08/02/24	05/02/25	04/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: WEX Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	33.21%	37.02%	43.47%	44.87%	42.72%	43.11%	43.88%	44.24%
EBIT Margin (%)	18.48%	19.99%	25.4%	26.11%	24.95%	27.61%	28.51%	29.65%
EBT Margin (%)	11.02%	11.08%	14.47%	15.9%	15.79%	19.99%	21.42%	21.53%
Net margin (%)	0.01%	8.57%	10.46%	11.78%	11.43%	14.61%	15.62%	15.68%
FCF margin (%)	3.48%	32.42%	30.21%	21.38%	23.98%	20.39%	28.12%	30.23%
FCF / Net Income (%)	46,975.91%	378.32%	288.71%	181.52%	209.8%	139.57%	180.08%	192.75%
Profitability
ROA	4.48%	5.6%	5.08%	4.64%	4.17%	4.52%	4.54%	5.28%
ROE	22.12%	35.03%	37.22%	38.13%	42.45%	43.17%	38.2%	32.21%
Financial Health
Leverage (Debt/EBITDA)	3.68x	2.07x	2.61x	3.21x	3.48x	2.65x	2.2x	1.74x
Debt / Free cash flow	35.15x	2.37x	3.76x	6.73x	6.2x	5.6x	3.43x	2.55x
Capital Intensity
CAPEX / Current Assets (%)	4.65%	4.8%	5.64%	5.6%	5.28%	5.78%	5.69%	5.78%
CAPEX / EBITDA (%)	14%	12.97%	12.96%	12.49%	12.37%	13.41%	12.97%	13.07%
CAPEX / FCF (%)	133.69%	14.81%	18.66%	26.21%	22.04%	28.35%	20.23%	19.14%
Items per share
Cash flow per share ¹	3.319	15.19	20.97	11.66	12.65	24.95	21.55	28.39
Change	-	357.71%	38.02%	-44.41%	8.57%	97.17%	-13.62%	31.73%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	41.02	38.17	43.62	38.36	-	47.62	61.44	77.31
Change	-	-6.96%	14.3%	-12.07%	-	-	29.04%	25.82%
EPS ¹	-	4.5	6.16	7.5	8.47	11.86	12.82	13.86
Change	-	-	36.89%	21.75%	12.93%	39.98%	8.1%	8.13%
Nbr of stocks (in thousands)	44,819	43,593	42,737	39,783	34,289	34,668	34,668	34,668
Announcement Date	10/02/22	09/02/23	08/02/24	05/02/25	04/02/26	-	-	-