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Stocks · Industrials · Services-Business Services, NEC

WEX Inc.

WEX Clue Score60
United States Fiscal year ends December CIK 0001309108
$172.43 -1.14% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $172.43 −2.11% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1.01Operating income0.16Net income0.06EPS, diluted0.57Fiscal year 2017Revenue1.25 +23.3%Operating income0.23Net income0.16 +164.0%EPS, diluted3.71 +550.9%Fiscal year 2018Revenue1.00 −20.2%Operating income0.38Net income0.17 +5.1%EPS, diluted3.86 +4.0%Fiscal year 2019Revenue1.21 +21.1%Operating income0.39Net income0.16 −7.1%EPS, diluted2.26 −41.5%Fiscal year 2020Revenue1.13 −6.5%Operating income−0.09Net income−0.28 −281.6%EPS, diluted−5.56 −346.0%Fiscal year 2021Revenue1.35 +19.2%Operating income0.34Net income0.14EPS, diluted0.00Fiscal year 2022Revenue1.69 +25.6%Operating income0.47Net income0.17 +23.6%EPS, diluted4.50Fiscal year 2023Revenue1.84 +8.8%Operating income0.65Net income0.27 +59.4%EPS, diluted6.16 +36.9%Fiscal year 2024Revenue1.87 +1.6%Operating income0.69Net income0.31 +16.1%EPS, diluted7.50 +21.8%Fiscal year 2025Revenue1.85 −1.2%Operating income0.66Net income0.30 −1.8%EPS, diluted8.47 +12.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.01 1.25 1.00 1.21 1.13 1.35 1.69 1.84 1.87 1.85
Growth +23.3% −20.2% +21.1% −6.5% +19.2% +25.6% +8.8% +1.6% −1.2%
Operating income 0.16 0.23 0.38 0.39 −0.09 0.34 0.47 0.65 0.69 0.66
Net income 0.06 0.16 0.17 0.16 −0.28 0.14 0.17 0.27 0.31 0.30
Growth +164.0% +5.1% −7.1% −281.6% +23.6% +59.4% +16.1% −1.8%
EPS, diluted 0.57 3.71 3.86 2.26 −5.56 0.00 4.50 6.16 7.50 8.47
Growth +550.9% +4.0% −41.5% −346.0% +36.9% +21.8% +12.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin15.7%Net margin6.0%Free cash flow margin−20.0%Fiscal year 2017Operating margin18.7%Net margin12.8%Free cash flow margin4.5%Fiscal year 2018Operating margin38.2%Net margin16.9%Free cash flow margin31.4%Fiscal year 2019Operating margin32.0%Net margin12.9%Free cash flow margin46.4%Fiscal year 2020Operating margin−8.1%Net margin−25.2%Free cash flow margin58.1%Fiscal year 2021Operating margin25.4%Net margin10.1%Free cash flow margin−9.6%Fiscal year 2022Operating margin27.8%Net margin9.9%Free cash flow margin33.5%Fiscal year 2023Operating margin35.2%Net margin14.5%Free cash flow margin41.6%Fiscal year 2024Operating margin36.8%Net margin16.6%Free cash flow margin17.9%Fiscal year 2025Operating margin36.0%Net margin16.5%Free cash flow margin17.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 15.7% 18.7% 38.2% 32.0% −8.1% 25.4% 27.8% 35.2% 36.8% 36.0%
Net margin 6.0% 12.8% 16.9% 12.9% −25.2% 10.1% 9.9% 14.5% 16.6% 16.5%
Free cash flow margin −20.0% 4.5% 31.4% 46.4% 58.1% −9.6% 33.5% 41.6% 17.9% 17.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.14Capital expenditure−0.06Free cash flow−0.20Buybacks0.00Fiscal year 2017Operating cash flow0.14Capital expenditure−0.08Free cash flow0.06Buybacks0.00Fiscal year 2018Operating cash flow0.40Capital expenditure−0.09Free cash flow0.31 +457.6%Fiscal year 2019Operating cash flow0.66Capital expenditure−0.10Free cash flow0.56 +79.0%Fiscal year 2020Operating cash flow0.74Capital expenditure−0.08Free cash flow0.66 +17.1%Buybacks0.00Fiscal year 2021Operating cash flow−0.04Capital expenditure−0.09Free cash flow−0.13 −119.6%Buybacks0.00Fiscal year 2022Operating cash flow0.68Capital expenditure−0.11Free cash flow0.57Buybacks−0.28Fiscal year 2023Operating cash flow0.91Capital expenditure−0.14Free cash flow0.76 +34.9%Buybacks−0.30Fiscal year 2024Operating cash flow0.48Capital expenditure−0.15Free cash flow0.33 −56.3%Buybacks−0.65Fiscal year 2025Operating cash flow0.45Capital expenditure−0.14Free cash flow0.31 −6.1%Buybacks−0.80
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.14 0.14 0.40 0.66 0.74 −0.04 0.68 0.91 0.48 0.45
Capital expenditure −0.06 −0.08 −0.09 −0.10 −0.08 −0.09 −0.11 −0.14 −0.15 −0.14
Free cash flow −0.20 0.06 0.31 0.56 0.66 −0.13 0.57 0.76 0.33 0.31
Growth +457.6% +79.0% +17.1% −119.6% +34.9% −56.3% −6.1%
Buybacks 0.00 0.00 n/a n/a 0.00 0.00 −0.28 −0.30 −0.65 −0.80

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.19Shareholders’ equity1.50Fiscal year 2017Cash0.50Total debt2.42Net cash (debt)−1.92Shareholders’ equity1.62Debt to equity1.50Fiscal year 2018Cash0.54Total debt2.35Net cash (debt)−1.81Shareholders’ equity1.79Debt to equity1.32Fiscal year 2019Cash0.81Total debt2.94Net cash (debt)−2.12Shareholders’ equity1.93Debt to equity1.52Fiscal year 2020Cash0.85Total debt3.03Net cash (debt)−2.17Shareholders’ equity1.90Debt to equity1.59Fiscal year 2021Cash0.59Total debt2.85Net cash (debt)−2.26Shareholders’ equity1.84Debt to equity1.55Fiscal year 2022Cash0.92Total debt2.58Net cash (debt)−1.65Shareholders’ equity1.65Debt to equity1.56Fiscal year 2023Cash0.98Total debt2.88Net cash (debt)−1.91Shareholders’ equity1.82Debt to equity1.58Fiscal year 2024Cash0.60Total debt3.13Net cash (debt)−2.54Shareholders’ equity1.49Debt to equity2.11Fiscal year 2025Cash0.91Total debt3.59Net cash (debt)−2.68Shareholders’ equity1.23Debt to equity2.91
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.19 0.50 0.54 0.81 0.85 0.59 0.92 0.98 0.60 0.91
Total debt n/a 2.42 2.35 2.94 3.03 2.85 2.58 2.88 3.13 3.59
Net cash (debt) n/a −1.92 −1.81 −2.12 −2.17 −2.26 −1.65 −1.91 −2.54 −2.68
Shareholders’ equity 1.50 1.62 1.79 1.93 1.90 1.84 1.65 1.82 1.49 1.23
Debt to equity n/a 1.50 1.32 1.52 1.59 1.55 1.56 1.58 2.11 2.91

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.7% 18.7% 38.2% 32.0% −8.1% 25.4% 27.8% 35.2% 36.8% 36.0%
4.8% 14.0% 23.9% 17.9% −26.7% 15.2% 15.4% 20.1% 22.4% 22.8%
6.0% 12.8% 16.9% 12.9% −25.2% 10.1% 9.9% 14.5% 16.6% 16.5%
−20.0% 4.5% 31.4% 46.4% 58.1% −9.6% 33.5% 41.6% 17.9% 17.0%
Spending
18.3% 14.8% 21.0% 22.8% 25.9% 24.3% 20.4% 23.3% 20.1% 17.9%
6.1% 6.3% 8.7% 8.5% 7.1% 6.4% 6.7% 7.8% 7.9% 7.6%
58.4% 8.9% 28.9% 28.3% n/a 33.3% 35.7% 27.7% 25.9% 27.6%
Returns
4.1% 9.9% 9.4% 8.1% −14.9% 7.4% 10.1% 14.6% 20.8% 24.6%
1.0% 2.4% 2.5% 1.9% −3.5% 1.3% 1.5% 1.9% 2.3% 2.1%
Balance and payout
n/a 1.50 1.32 1.52 1.59 1.55 1.56 1.58 2.11 2.91
74.9% 75.6% 73.5% 74.8% 75.1% 79.7% 85.7% 86.9% 88.8% 91.4%
n/a 0.0% n/a n/a 0.0% n/a 49.9% 39.7% 195.2% 255.0%