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NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

WEX Inc. WEX

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.7B
▲ 1.2% YoY
$304.1M
▼ 1.8% YoY
$313.7M
▼ 6.1% YoY

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

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 2.7B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.7 · Net income 0.3
1B2B
2008201120142017202020232025
Compound annual growth
+4.2%
+11.3%
+12.0%
+13.6%
+22.1%
+10.6%
+8.6%
+23.5%
+42.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.3% a year over the five years to FY2025.

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

11 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 25.0% · Net 11.4%
20%40%-5%-10%-15%
200820162025
ROE
FY2025 · ROE 22.3%
20%40%-5%-10%
200820162025
Three returns, three denominators.

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
300M600M-100M-200M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 799.8
300M600M-40M-80M
200820102012201420162020202220242025

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—not applicable◌not available in our data
WEX, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B2.72.62.52.41.91.61.71.51.21.00.90.80.70.60.60.40.30.4
Operating income $B0.70.70.60.50.3−0.10.40.40.20.20.20.30.30.20.20.20.10.2
EBITDA $B1.01.00.90.70.60.20.60.60.40.30.30.40.30.30.30.20.10.2
Income tax $B0.10.10.10.10.1−0.00.10.10.00.00.10.10.10.10.10.10.10.1
Net income $B0.30.30.30.20.1−0.30.20.20.20.00.10.20.10.10.10.10.10.1
Free cash flow $B0.30.30.80.6−0.10.70.60.30.1−0.20.40.20.00.00.0−0.0−0.10.3
EPS, diluted $8.477.506.164.500.00−5.562.263.863.710.572.625.183.822.483.432.253.553.22
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————————
ROE %22.318.715.49.67.2−14.88.49.910.34.710.220.417.312.721.117.538.043.3
Shares out B0.030.040.040.040.040.040.040.040.040.040.040.040.040.040.040.040.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

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

Reconciled in 16 of the 18 fiscal years we could check. 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. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures2 divergent
ActivityServices-Business Services, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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