WEX
Income statement / Annual
Last year (2023), WEX Inc.'s total revenue was $2.55 B,
an increase of 8.40% from the previous year.
In 2023, WEX Inc.'s net income was $266.60 M.
See WEX Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$2.55 B
|
$2.35 B
|
$1.85 B
|
$1.56 B
|
$1.72 B
|
$1.49 B
|
$1.25 B
|
$1.02 B
|
$854.64 M
|
$817.65 M
|
| Cost of Revenue |
$1.06 B |
$930.45 M |
$702.11 M |
$673.18 M |
$659.77 M |
$547.93 M |
$510.06 M |
$505.08 M |
$401.86 M |
$359.27 M |
| Gross Profit |
$1.49 B |
$1.42 B |
$1.15 B |
$886.69 M |
$1.06 B |
$944.71 M |
$740.49 M |
$513.38 M |
$452.78 M |
$458.38 M |
| Gross Profit Ratio |
0.59 |
0.6 |
0.62 |
0.57 |
0.62 |
0.63 |
0.59 |
0.5 |
0.53 |
0.56 |
| Research and Development
Expenses |
$78.70 M
|
$78.00 M
|
$74.19 M
|
$72.36 M
|
$57.82 M
|
$38.63 M
|
$32.58 M
|
$27.58 M
|
$20.32 M
|
$18.66 M
|
| General & Administrative
Expenses |
$428.00 M
|
$343.90 M
|
$326.88 M
|
$292.11 M
|
$275.81 M
|
$209.32 M
|
$184.73 M
|
$44.61 M
|
$37.50 M
|
$32.86 M
|
| Selling & Marketing
Expenses |
$327.80 M
|
$311.83 M
|
$319.08 M
|
$266.68 M
|
$259.87 M
|
$229.23 M
|
$163.65 M
|
$20.47 M
|
$17.41 M
|
$15.75 M
|
| Selling, General &
Administrative Expenses |
$845.60 M
|
$655.73 M
|
$645.96 M
|
$558.79 M
|
$535.68 M
|
$438.55 M
|
$348.39 M
|
$65.08 M
|
$54.91 M
|
$48.61 M
|
| Other Expenses |
$171.80 M |
$158.00 M |
$160.48 M |
$157.33 M |
$142.40 M |
-$775,000.00 |
$15.26 M |
-$563,000.00 |
$2.15 M |
-$1.33 M |
| Operating Expenses |
$845.60 M |
$813.73 M |
$806.43 M |
$716.13 M |
$678.08 M |
$558.42 M |
$478.01 M |
$310.76 M |
$216.19 M |
$179.63 M |
| Cost And Expenses |
$1.90 B |
$1.74 B |
$1.51 B |
$1.39 B |
$1.34 B |
$1.11 B |
$988.07 M |
$815.85 M |
$618.05 M |
$538.90 M |
| Interest Income |
$0.00 |
$44.34 M |
$88.44 M |
$184.65 M |
$170.04 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$174.20 M |
$130.69 M |
$128.42 M |
$157.08 M |
$134.68 M |
$105.02 M |
$107.07 M |
$113.42 M |
$46.19 M |
$36.04 M |
| Depreciation &
Amortization |
$276.20 M
|
$263.87 M
|
$272.64 M
|
$261.93 M
|
$237.13 M
|
$199.81 M
|
$203.72 M
|
$141.65 M
|
$83.08 M
|
$70.38 M
|
| EBITDA |
$923.30 M
|
$764.33 M
|
$506.09 M
|
$328.39 M
|
$529.18 M
|
$505.38 M
|
$407.36 M
|
$343.70 M
|
$321.81 M
|
$347.80 M
|
| EBITDA Ratio |
0.36 |
0.33 |
0.27 |
0.21 |
0.31 |
0.34 |
0.33 |
0.34 |
0.38 |
0.43 |
| Operating Income Ratio
|
0.25
|
0.2
|
0.18
|
0.11
|
0.22
|
0.26
|
0.19
|
0.19
|
0.27
|
0.37
|
| Total Other
Income/Expenses Net |
-$278.30 M
|
-$209.30 M
|
-$138.05 M
|
-$472.14 M
|
-$169.33 M
|
-$42.65 M
|
$23.28 M
|
-$2.10 M
|
-$5.49 M
|
$58.93 M
|
| Income Before Tax |
$368.80 M |
$260.55 M |
$203.95 M |
-$301.08 M |
$216.52 M |
$238.62 M |
$178.70 M |
$87.10 M |
$184.91 M |
$301.64 M |
| Income Before Tax Ratio
|
0.14
|
0.11
|
0.11
|
-0.19
|
0.13
|
0.16
|
0.14
|
0.09
|
0.22
|
0.37
|
| Income Tax Expense |
$102.20 M |
$93.09 M |
$67.81 M |
-$20.60 M |
$61.22 M |
$68.84 M |
$19.53 M |
$29.63 M |
$75.30 M |
$101.62 M |
| Net Income |
$266.60 M |
$201.40 M |
$136.14 M |
-$280.48 M |
$155.29 M |
$168.30 M |
$160.27 M |
$60.64 M |
$101.90 M |
$202.21 M |
| Net Income Ratio |
0.1 |
0.09 |
0.07 |
-0.18 |
0.09 |
0.11 |
0.13 |
0.06 |
0.12 |
0.25 |
| EPS |
6.23 |
4.54 |
3.04 |
-6.4 |
3.59 |
3.9 |
3.73 |
1.49 |
2.63 |
5.2 |
| EPS Diluted |
6.16 |
4.5 |
3 |
-6.4 |
3.55 |
3.86 |
3.73 |
1.48 |
2.62 |
5.18 |
| Weighted Average Shares
Out |
$42.80 M
|
$44.40 M
|
$44.72 M
|
$43.84 M
|
$43.32 M
|
$43.16 M
|
$42.98 M
|
$40.81 M
|
$38.77 M
|
$38.89 M
|
| Weighted Average Shares
Out Diluted |
$43.30 M
|
$44.72 M
|
$45.31 M
|
$43.84 M
|
$43.77 M
|
$43.57 M
|
$43.02 M
|
$40.91 M
|
$38.84 M
|
$39.00 M
|
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