WEX

+ Watchlist + Portfolio

WEX Inc.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $195.42
52-Week Range: $125.29 – $200.09
Market Cap: $6.74B
P/E (TTM): 19.73
EPS (TTM): 10.03
Dividend Yield: —

Advanced Metrics

Price/Book: 5.05
PEG Ratio: 1.09
Return on Equity: 30.19%
Return on Assets: 2.89%
Gross Margin: 73.23%
Operating Margin: 26.94%
Profit Margin: 12.56%
Current Ratio: 1.04
Debt/Equity: 3.98
Total Debt: $5.36B
Free Cash Flow: $1.33B
Revenue Growth: 14.20%
Earnings Growth: 57.10%
Enterprise Value: $5.92B

WEX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.35B	$2.55B	$2.63B	$2.66B
Cost of Revenue	$930.50M	$973.30M	$1.04B	$1.10B
Gross Profit	$1.42B	$1.57B	$1.59B	$1.56B
Selling, General & Admin	$655.70M	$755.80M	$716.80M	$717.20M
Operating Expenses	$813.70M	$927.60M	$904.10M	$896.20M
Operating Income	$606.40M	$647.10M	$686.40M	$664.00M
EBITDA	$571.90M	$849.60M	$975.00M	$991.90M
Pretax Income	$260.50M	$368.80M	$417.80M	$420.20M
Income Tax	$93.10M	$102.20M	$108.20M	$116.10M
Net Income	$201.40M	$266.60M	$309.60M	$304.10M
Diluted EPS	4.50	6.16	7.50	8.47
Diluted Shares	44.72M	43.30M	41.30M	35.90M

WEX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$922.00M	$975.80M	$595.80M	$905.80M
Receivables	$3.28B	$3.43B	$3.01B	$3.36B
Current Assets	$6.82B	$8.94B	$8.52B	$9.71B
Total Assets	$11.53B	$13.88B	$13.32B	$14.40B
Current Liabilities	$6.29B	$8.52B	$8.33B	$9.29B
Long-Term Debt	$2.52B	$2.83B	$3.08B	$3.53B
Total Debt	$2.72B	$3.87B	$4.38B	$4.86B
Total Liabilities	$9.88B	$12.06B	$11.83B	$13.16B
Retained Earnings	$1.49B	$1.76B	$2.07B	$2.37B
Shareholders' Equity	$1.65B	$1.82B	$1.49B	$1.23B
Working Capital	$523.00M	$416.10M	$188.20M	$426.40M
Net Debt	$1.80B	$2.89B	$3.78B	$3.95B

WEX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$679.40M	$907.90M	$481.40M	$454.30M
Capital Expenditure	-$116.20M	-$148.10M	-$152.40M	-$213.70M
Free Cash Flow	$563.20M	$759.80M	$329.00M	$240.60M
Depreciation & Amortisation	$263.90M	$276.20M	$321.30M	$331.10M
Stock-Based Compensation	$97.90M	$127.00M	$112.20M	$100.30M
Investing Cash Flow	-$716.70M	-$2.14B	-$960.60M	-$696.90M
Financing Cash Flow	$681.30M	$1.57B	-$260.30M	$418.90M
Share Repurchases	-$282.80M	-$303.40M	-$652.00M	-$799.80M
Net Change in Cash	$644.00M	$342.90M	-$739.50M	$176.30M

WEX Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$659.60M	$691.70M	$672.80M	$673.80M	$753.60M
Cost of Revenue	$272.80M	$274.30M	$283.60M	$280.10M	$289.80M
Gross Profit	$386.80M	$417.40M	$389.20M	$393.70M	$463.80M
Selling, General & Admin	$184.00M	$189.30M	$179.40M	$191.90M	$217.00M
Operating Expenses	$230.00M	$234.00M	$222.90M	$235.60M	$260.70M
Operating Income	$156.80M	$183.40M	$166.30M	$158.10M	$203.10M
EBITDA	$242.40M	$263.90M	$250.70M	$243.70M	$285.70M
Pretax Income	$93.40M	$116.40M	$110.00M	$108.50M	$150.50M
Income Tax	$25.20M	$36.20M	$25.80M	$30.80M	$41.90M
Net Income	$68.10M	$80.30M	$84.30M	$77.70M	$108.50M
Diluted EPS	1.98	2.30	2.41	2.22	3.11
Diluted Shares	34.40M	34.80M	35.00M	35.00M	34.90M

WEX Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$772.60M	$812.90M	$905.80M	$633.50M	$1.16B
Receivables	$3.92B	$3.82B	$3.36B	$4.35B	$4.76B
Current Assets	$9.90B	$9.72B	$9.71B	$10.71B	$11.81B
Total Assets	$14.67B	$14.43B	$14.40B	$15.43B	$16.50B
Current Liabilities	$9.50B	$9.25B	$9.29B	$10.22B	$11.30B
Long-Term Debt	$3.91B	$3.72B	$3.53B	$3.61B	$3.52B
Total Debt	$5.44B	$5.03B	$4.86B	$5.24B	$5.36B
Total Liabilities	$13.69B	$13.31B	$13.16B	$14.15B	$15.15B
Retained Earnings	$2.21B	$2.29B	$2.37B	$2.45B	$2.56B
Shareholders' Equity	$978.70M	$1.12B	$1.23B	$1.27B	$1.34B
Working Capital	$399.50M	$462.10M	$426.40M	$496.20M	$503.40M
Net Debt	$4.67B	$4.21B	$3.95B	$4.60B	$4.20B

WEX Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$264.60M	$376.60M	$294.70M	-$330.80M	-$77.60M
Capital Expenditure	-$34.60M	-$35.00M	-$97.00M	-$37.50M	-$43.50M
Free Cash Flow	$230.00M	$341.60M	$197.70M	-$368.30M	-$121.10M
Depreciation & Amortisation	$84.00M	$83.70M	$81.90M	$81.60M	$83.00M
Stock-Based Compensation	$31.70M	$33.50M	$22.50M	$27.50M	$36.40M
Investing Cash Flow	-$392.30M	$21.50M	-$302.60M	-$524.10M	-$255.90M
Financing Cash Flow	$342.00M	-$443.60M	$202.10M	$423.10M	$873.00M
Share Repurchases	-$9.70M	-$100.00K	$0.00	$0.00	-$63.80M
Net Change in Cash	$214.20M	-$45.40M	$194.10M	-$431.70M	$539.40M

Market Snapshot

About

WEX Inc. is a global commerce platform provider specializing in payment processing and information management solutions. The company serves fleet management, travel and corporate payments, and healthcare markets with fuel cards, payment processing, and software-as-a-service solutions. WEX processes millions of transactions annually across diverse industries.