WEX Inc.
WEX Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,162 | 634 | 906 | 813 | 773 | 610 | 596 | 535 | 683 | 780 | 976 | 958 | |||||
Restricted Cash | 613 | 607 | 773 | 669 | 752 | 661 | 838 | 776 | 1,096 | 1,302 | 1,254 | 1,159 | |||||
Accounts And Other Receivables Net Current | 4,761 | 4,349 | 3,363 | 3,816 | 3,925 | 3,768 | 3,009 | 3,770 | 3,966 | 3,857 | 3,429 | 4,054 | |||||
Short Term Investments | 4,940 | 4,775 | 4,333 | 4,129 | 4,142 | 3,829 | 3,765 | 3,723 | 3,323 | 3,305 | 3,022 | 2,625 | |||||
Accounts Receivable From Securitization | 156 | 185 | 124 | 139 | 129 | 130 | 110 | 133 | 139 | 143 | 129 | 147 | |||||
Prepaid Expense And Other Assets Current | 175 | 165 | 215 | 150 | 176 | 174 | 199 | 171 | 177 | 147 | 125 | 189 | |||||
Assets Current | 11,806 | 10,714 | 9,713 | 9,716 | 9,897 | 9,171 | 8,516 | 9,109 | 9,383 | 9,535 | 8,935 | 9,132 | |||||
Property Plant And Equipment Net | 259 | 255 | 254 | 259 | 258 | 259 | 261 | 261 | 257 | 250 | 243 | 229 | |||||
Goodwill | 3,023 | 3,022 | 3,015 | 3,012 | 3,012 | 2,990 | 2,983 | 3,025 | 3,006 | 3,004 | 3,016 | 2,797 | |||||
Intangible Assets Net Excluding Goodwill | 1,054 | 1,100 | 1,088 | 1,135 | 1,183 | 1,229 | 1,260 | 1,314 | 1,362 | 1,406 | 1,459 | 1,443 | |||||
Long Term Investments | 107 | 93 | 94 | 81 | 81 | 82 | 81 | 74 | 66 | 66 | 67 | 47 | |||||
Deferred Income Tax Assets Net | 17 | 17 | 17 | 17 | 22 | 18 | 18 | 16 | 15 | 15 | 14 | 12 | |||||
Other Assets Noncurrent | 234 | 224 | 218 | 215 | 221 | 216 | 203 | 162 | 158 | 147 | 149 | 241 | |||||
Assets | 16,499 | 15,425 | 14,400 | 14,433 | 14,674 | 13,964 | 13,322 | 13,961 | 14,247 | 14,422 | 13,882 | 13,900 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current And Noncurrent | 1,768 | 1,714 | 1,070 | 1,460 | 1,429 | 1,362 | 1,091 | 1,366 | 1,734 | 1,824 | 1,479 | 1,743 | |||||
Deposit Liability Current | 6,550 | 5,741 | 5,423 | 5,153 | 5,096 | 4,647 | 4,453 | 4,462 | 4,289 | 4,076 | 3,943 | 4,253 | |||||
Debt Current | 1,834 | 1,631 | 1,326 | 1,307 | 1,533 | 1,486 | 1,293 | 1,435 | 1,249 | 1,113 | 1,041 | 957 | |||||
Liabilities Current | 11,302 | 10,218 | 9,287 | 9,253 | 9,497 | 8,761 | 8,327 | 8,718 | 9,070 | 8,986 | 8,519 | 8,856 | |||||
Long Term Debt Noncurrent | 3,523 | 3,606 | 3,532 | 3,719 | 3,909 | 4,100 | 3,082 | 3,143 | 2,960 | 3,082 | 2,828 | 2,650 | |||||
Deferred Income Tax Liabilities Net | 202 | 195 | 187 | 175 | 149 | 147 | 146 | 138 | 133 | 133 | 130 | 141 | |||||
Other Liabilities Noncurrent | 127 | 132 | 159 | 168 | 139 | 146 | 278 | 285 | 302 | 315 | 456 | 442 | |||||
Liabilities | 15,154 | 14,151 | 13,165 | 13,315 | 13,695 | 13,154 | 11,833 | 12,284 | 12,463 | 12,644 | 12,062 | 12,204 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital | 1,257 | 1,221 | 1,209 | 1,190 | 1,161 | 1,134 | 1,150 | 1,068 | 1,100 | 1,065 | 1,053 | 1,018 | |||||
Retained Earnings Accumulated Deficit | 2,557 | 2,449 | 2,371 | 2,287 | 2,206 | 2,138 | 2,067 | 2,003 | 1,900 | 1,823 | 1,757 | 1,672 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -193 | -178 | -128 | -141 | -171 | -245 | -312 | -146 | -281 | -277 | -229 | -386 | |||||
Treasury Stock Common Value | -2,278 | -2,218 | -2,218 | -2,218 | -2,218 | -2,218 | -1,416 | -1,248 | -935 | -834 | -761 | -609 | |||||
Stockholders Equity | 1,345 | 1,274 | 1,235 | 1,118 | 979 | 810 | 1,489 | 1,678 | 1,784 | 1,778 | 1,821 | 1,696 | |||||
Liabilities And Stockholders Equity | 16,499 | 15,425 | 14,400 | 14,433 | 14,674 | 13,964 | 13,322 | 13,961 | 14,247 | 14,422 | 13,882 | 13,900 | |||||
Accumulated Depreciation Depletion And Amortizatio… | 785 | 748 | - | 569 | 697 | 665 | - | 629 | 597 | 570 | - | 593 | |||||
Finite Lived Intangible Assets Accumulated Amortiz… | 1,820 | 1,775 | - | 1,683 | 1,636 | 1,595 | - | 1,513 | 1,458 | 1,406 | - | 1,303 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | |||||
Common Stock Shares Issued | 51 | 51 | 51 | 51 | 51 | 51 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Shares Outstanding | 34 | 35 | 34 | 34 | 34 | 34 | 39 | 40 | 42 | 42 | 42 | 43 | |||||
Treasury Stock Common Shares | 17 | 16 | 16 | 16 | 16 | 16 | 11 | 11 | 9 | 8 | 8 | 7 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.62% | -12.45% | 1.77% | - | - | - | - | - | - | - | - | - |
| 2025 | 9.80% | 15.83% | 26.10% | 0.16% | -2.51% | -13.70% | -3.62% | -0.42% | 4.06% | 5.96% | -1.89% | -4.14% |
| 2024 | -7.82% | -21.19% | -14.84% | 3.60% | 15.44% | 24.11% | -1.13% | -2.72% | -5.97% | 0.79% | -17.61% | -16.99% |
| 2023 | - | - | - | -3.98% | 5.28% | -1.20% | 6.77% | 15.43% | 21.25% | 4.54% | 6.19% | -6.96% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.04 | 1.05 | 1.05 | 1.05 | 1.04 | 1.05 | 1.02 | 1.04 | 1.03 | 1.06 | 1.05 | 1.03 | |||||
| Quick Ratio | 1.03 | 1.03 | 1.02 | 1.03 | 1.02 | 1.03 | 1.00 | 1.03 | 1.02 | 1.04 | 1.03 | 1.01 | |||||
| Working Capital | 503.40M | 496.20M | 426.40M | 462.10M | 399.50M | 410.00M | 188.20M | 391.30M | 313.50M | 549.00M | 416.10M | 275.50M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 11.27 | 11.10 | 10.66 | 11.91 | 13.99 | 16.23 | 7.95 | 7.32 | 6.99 | 7.11 | 6.63 | 7.19 | |||||
| Interest Coverage TTM | - | - | - | - | - | - | - | - | - | - | - | 18.52 | |||||
| Debt Ratio | 0.92 | 0.92 | 0.91 | 0.92 | 0.93 | 0.94 | 0.89 | 0.88 | 0.87 | 0.88 | 0.87 | 0.88 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.18 | 0.18 | 0.19 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.19 | 0.19 | 0.20 | 0.19 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 10.05 | 8.87 | 8.47 | 8.16 | 8.91 | 8.00 | 7.50 | 8.10 | 5.86 | 6.24 | 6.16 | 7.01 | |||||
| Free Cash Flow Per Share TTM | 3.13 | 13.32 | 8.84 | 19.10 | 8.27 | 0.19 | 8.19 | 11.28 | 11.90 | 13.89 | 17.86 | 13.51 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 59.61% | 58.83% | 58.64% | 59.05% | 59.61% | 60.16% | 60.51% | 60.98% | 61.30% | 61.63% | 61.80% | 61.28% | |||||
| Operating Profit Margin TTM | 25.47% | 24.64% | 24.95% | 24.96% | 25.70% | 26.00% | 26.11% | 25.89% | 25.22% | 25.39% | 25.40% | 25.71% | |||||
| Net Profit Margin TTM | 12.56% | 11.50% | 11.43% | 10.81% | 11.79% | 12.07% | 11.78% | 12.45% | 9.32% | 10.21% | 10.46% | 12.16% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 7.46% | 3.29% | 1.24% | -1.15% | -1.62% | 0.90% | 3.14% | 6.06% | 7.00% | 5.88% | 8.40% | 12.29% | |||||
| Net Income Growth (1Y) | 14.46% | -1.59% | -1.78% | -14.16% | 24.50% | 19.25% | 16.13% | 8.64% | 1.78% | 46.40% | 32.37% | 91.41% | |||||
| EPS Growth (1Y) | 13.14% | 10.97% | 12.89% | 0.57% | 51.36% | 28.14% | 21.82% | 15.65% | 4.71% | 50.95% | 37.32% | 97.21% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 13.96 | 17.02 | 17.39 | 19.09 | 16.44 | 19.37 | 23.10 | 25.57 | 30.02 | 37.55 | 31.23 | 26.52 | |||||
| P/B TTM | 3.64 | 4.14 | 4.28 | 4.85 | 5.15 | 7.54 | 4.80 | 5.04 | 4.14 | 5.59 | 4.57 | 4.76 | |||||
| P/S TTM | 1.75 | 1.96 | 1.99 | 2.06 | 1.94 | 2.34 | 2.72 | 3.18 | 2.80 | 3.84 | 3.27 | 3.22 | |||||
| Market Cap | 4.90B | 5.28B | 5.29B | 5.42B | 5.04B | 6.11B | 7.15B | 8.45B | 7.39B | 9.93B | 8.33B | 8.07B | |||||
| Enterprise Value | 8.48B | 9.28B | 8.47B | 8.96B | 8.95B | 10.42B | 10.09B | 12.50B | 10.91B | 13.34B | 9.97B | 10.72B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 108.50M | 459.60M | 313.70M | 657.10M | 283.80M | 7.20M | 334.10M | 454.40M | 496.20M | 580.50M | 764.30M | 579.70M | |||||
| Net Debt | 3.58B | 4.00B | 3.18B | 3.54B | 3.91B | 4.31B | 2.94B | 4.04B | 3.53B | 3.41B | 1.64B | 2.65B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
WEX Inc. (WEX) — SEC Financial Statements & Analysis
WEX Inc. (WEX) is a services-business services, nec company, incorporated in DE. WEX Inc. trades on NYSE as: WEX. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), WEX Inc. reported a 7.46% year-over-year revenue growth, a Gross Profit Margin of 59.61% (TTM), a Debt-to-Equity ratio of 11.27x, a Price-to-Sales (P/S) ratio of 1.75x (TTM), a Price-to-Book (P/B) ratio of 3.64x (TTM), at a market cap of $4.90B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 7.46%
- Gross Profit Margin TTM
- 59.61%
- Debt To Equity
- 11.27x
- P/S TTM
- 1.75x
- P/B TTM
- 3.64x
- Market Cap
- $4.90B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is WEX Inc. in?
WEX Inc. (WEX) operates in the Services-Business Services, NEC industry.
What is WEX's market cap?
WEX Inc. (WEX) has a market capitalization of $4.90B as of 2026-06-30.
What is WEX's P/E ratio?
WEX Inc. (WEX)'s trailing twelve month P/E ratio is 13.96x as of 2026-06-30.
What exchange does WEX trade on?
WEX Inc. (WEX) trades on the NYSE.
Where is WEX Inc. incorporated?
WEX Inc. is incorporated in DE.