MARKETS / NYSE / WEX

NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

WEX Inc. WEX

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.8B

▼ 1.2% YoY

Net income

$304.1M

▼ 1.8% YoY

Free cash flow

$313.7M

▼ 6.1% YoY

In brief

What this company does

WEX Inc. provides embedded payments solutions across three business segments: Mobility, Benefits, and Corporate Payments. Within its Mobility segment, WEX supports fleets of all sizes globally through proprietary closed-loop networks and a suite of software solutions that help manage fuel, EV charging and operational workflows. WEX processes hundreds of billions of dollars in transactions each year across its Mobility, Corporate Payments and Benefits segments. As of December 31, 2025, WEX had a workforce of approximately 6,600 full-time employees, of which approximately 5,100 were located in the United States, with the remainder located across fourteen other countries.

Written from the business description in WEX Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.8B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.8 · Net income 0.3

Compound annual growth

Revenue

+3.0%

+10.3%

+8.0%

+10.9%

Net income

+22.1%

+10.6%

+8.6%

EPS, diluted

+23.5%

+12.4%

+9.2%

Returned to shareholders

+42.3%

+43.3%

+30.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +10.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

16 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 36.0% · Net 16.5%

ROE

FY2025 · ROE 22.3%

Gross margin40.4%

Operating margin36.0%

Net margin16.5%

Return on assets2.2%

EBITDAUSD 995.0M

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders

USD 799.8M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 313.7

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 799.8

Dividends paid—

Net buybacksUSD 799.8M

Share of profit263.0%

Consecutive raises—

USD 799.8M in buybacks — 263% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 14.4B

EquityUSD 1.2B

CashUSD 905.8M

Gross debtUSD 3.6B

Net debtUSD 2.7B

Current ratio1.05×

Net debt stands at 217% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	1.8	1.9	1.8	1.7	1.3	1.1	1.2	1.0	1.2	1.0	0.9	0.8	0.7	0.6	0.6	0.4	0.3	0.4
Operating income $B	0.7	0.7	0.6	0.5	0.3	−0.1	0.4	0.4	0.2	0.2	0.2	0.3	0.3	0.2	0.2	0.2	0.1	0.2
EBITDA $B	1.0	1.0	0.9	0.7	0.6	0.2	0.6	0.6	0.4	0.3	0.3	0.4	0.3	0.3	0.3	0.2	0.1	0.2
Income tax $B	0.1	0.1	0.1	0.1	0.1	−0.0	0.1	0.1	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Net income $B	0.3	0.3	0.3	0.2	0.1	−0.3	0.2	0.2	0.2	0.0	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	0.3	0.3	0.8	0.6	−0.1	0.7	0.6	0.3	0.1	−0.2	0.4	0.2	0.0	0.0	0.0	−0.0	−0.1	0.3
EPS, diluted $	8.47	7.50	6.16	4.50	0.00	−5.56	2.26	3.86	3.71	0.57	2.62	5.18	3.82	2.48	3.43	2.25	3.55	3.22
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	22.3	18.7	15.4	9.6	7.2	−14.8	8.4	9.9	10.3	4.7	10.2	20.4	17.3	12.7	21.1	17.5	38.0	43.3
Shares out B	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures · 2 divergences in 61 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 16 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent

ActivityServices-Business Services, NEC

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008