← WEX Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.0b |
$1.3b
+22.79%
|
$1.5b
+19.36%
|
$1.7b
+15.48%
|
$1.6b
-9.50%
|
$1.4b
-13.26%
|
$1.7b
+24.88%
|
$2.5b
+50.80%
|
$2.6b
+3.14%
|
$2.7b
+1.24%
|
$2.8b
+4.93%
|
|
| Cost of Revenue | $823.3m |
$4.3m
-99.48%
|
$547.9m
+12601.18%
|
$659.8m
+20.41%
|
$673.2m
+2.03%
|
$702.1m
+4.30%
|
$930.5m
+32.52%
|
$973.3m
+4.61%
|
$1.0b
+6.63%
|
$1.1b
+6.05%
|
$1.1b
+2.46%
|
|
| Total cost of services | $823.3m |
$4.3m
-99.48%
|
$547.9m
+12601.18%
|
$659.8m
+20.41%
|
$673.2m
+2.03%
|
$702.1m
+4.30%
|
$930.5m
+32.52%
|
$973.3m
+4.61%
|
$1.0b
+6.63%
|
$1.1b
+6.05%
|
— | |
| Gross Profit (Calculated) (derived) | $195.1m |
$1.2b
+538.68%
|
$448.8m
-63.98%
|
$547.7m
+22.02%
|
$455.8m
-16.78%
|
$643.7m
+41.23%
|
$759.2m
+17.95%
|
$865.1m
+13.95%
|
$829.5m
-4.12%
|
$744.8m
-10.21%
|
— | |
| Interest Income (Expense), Net | $17.1m |
$31.9m
+86.23%
|
$16.2m
-49.33%
|
$9.3m
-42.45%
|
$5.8m
-37.12%
|
$4.5m
-23.32%
|
— | — | — | — | — | |
| Selling and Marketing Expense | $130.8m | $163.7m | $229.2m | $259.9m | $266.7m | $319.1m | $311.8m | $327.8m | $341.0m | $387.0m | $777.5m | |
| Sales and marketing | $130.8m | $163.7m | $229.2m | $259.9m | $266.7m | $319.1m | $311.8m | $327.8m | $341.0m | $387.0m | — | |
| General and Administrative Expense | $185.6m | $184.3m | $209.3m | $275.8m | $292.1m | $326.9m | $343.9m | $428.0m | $375.8m | $330.2m | $361.9m | |
| Labor and Related Expense | $286.3m | $363.4m | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $97.8m | $154k | $138.2m | $159.4m | $171.1m | $181.7m | $170.5m | $184.0m | $201.8m | $191.9m | — | |
| Operating Lease, Expense | — | — | — | $18.3m | $18.2m | $24.3m | $19.5m | $15.6m | $14.0m | $11.3m | — | |
| Restructuring and Related Cost, Incurred Cost | $8.3m | $9.0m | $272k | — | — | — | — | — | — | — | — | |
| Operating Expenses | $823.3m | $1.0b | — | — | — | — | — | — | — | — | $2.1b | |
| Operating Income (Loss) | $195.1m |
$239.3m
+22.62%
|
$380.6m
+59.08%
|
$385.8m
+1.37%
|
($91.7m)
-123.76%
|
$342.0m
+473.07%
|
$469.8m
+37.38%
|
$647.1m
+37.73%
|
$686.3m
+6.06%
|
$663.9m
-3.26%
|
$711.1m
+7.11%
|
|
| Financing Interest Expense | $113.4m | $107.1m | $105.0m | $134.7m | $23.8m | $9.2m | $20.6m | $217.8m | — | — | — | |
| Interest Expense | — | — | — | — | $157.1m | $128.4m | $130.7m | — | — | — | $228.4m | |
| Interest Expense, Debt | $12.4m | $24.5m | — | $41.9m | — | $1.4m | — | — | — | — | $228.4m | |
| Financing interest expense, net of financial instruments | — | — | — | — | — | ($89.2m) | ($47.5m) | ($204.6m) | ($235.9m) | ($240.6m) | — | |
| Interest Income, Operating | — | — | $38.4m | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($7.7m) | $29.9m | ($38.8m) | ($926k) | ($25.8m) | ($12.3m) | ($22.7m) | $4.9m | ($26.1m) | ($200k) | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Nonoperating Income (Expense) | ($563k) | ($15.3m) | ($800k) | $900k | — | — | — | — | — | — | — | |
| Other Expenses | $56.4m | $94.8m | — | — | — | — | — | — | — | — | — | |
| Other Income | — | — | — | — | — | $3.6m | $0 | $0 | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $32.6m | $149.3m | $194.8m | $178.2m | ($163.0m) | $194.4m | $254.8m | $225.8m | $290.6m | $332.8m | $485.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $87.1m | $178.7m | $238.6m | $216.5m | ($301.1m) | $203.9m | $260.5m | $368.8m | $417.8m | $420.2m | $485.4m | |
| Income tax provision | $29.6m | $19.5m | $68.8m | $61.2m | ($20.6m) | $67.8m | $93.1m | $102.2m | $108.2m | $116.1m | — | |
| Current Income Tax Expense (Benefit) | $10.1m | $20.4m | $37.5m | $41.6m | $8.7m | $54.9m | $153.2m | $123.5m | $97.1m | $72.5m | $134.7m | |
| Net Income (Loss) Attributable to Parent | $60.6m |
$160.3m
+164.30%
|
$168.3m
+5.01%
|
$156.3m
-7.11%
|
($283.9m)
-281.64%
|
$135.3m
+147.65%
|
$167.2m
+23.58%
|
$266.6m
+59.46%
|
$309.6m
+16.13%
|
$304.1m
-1.78%
|
$350.7m
+15.32%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $60.6m |
$160.3m
+164.30%
|
$168.3m
+5.01%
|
$99.0m
-41.17%
|
($243.6m)
-346.08%
|
$137k
+100.06%
|
$201.4m
+146935.04%
|
$266.6m
+32.35%
|
$309.6m
+16.13%
|
$304.1m
-1.78%
|
$350.7m
+15.32%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | ($3.2m) | ($1.1m) | $1.5m | ($1.0m) | $3.5m | $846k | $268k | $0 | $0 | — | $350.7m | |
| Earnings Per Share, Basic | $1.49 | $3.73 | $3.90 | $2.29 | ($5.56) | $0.00 | $4.54 | $6.23 | $7.59 | $8.57 | $10.15 | |
| Earnings Per Share, Diluted | $1.48 | $3.72 | $3.86 | $2.26 | ($5.56) | $0.00 | $4.50 | $6.16 | $7.50 | $8.47 | $10.02 | |
| Basic (in shares) | $40.8m | $43.0m | $43.2m | $43.3m | $43.8m | $44.7m | $44.4m | $42.8m | $40.8m | $35.5m | $34.5m | |
| Diluted (in shares) | $40.9m | $43.1m | $43.6m | $43.8m | $43.8m | $45.3m | $44.7m | $43.3m | $41.3m | $35.9m | $35.0m | |
| Weighted Average Number of Shares Outstanding, Basic | 40.8m | 43.0m | 43.2m | 43.3m | 43.8m | 44.7m | 44.4m | 42.8m | 40.8m | 35.5m | 34.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | 40.9m | 43.1m | 43.6m | 43.8m | 43.8m | 45.3m | 44.7m | 43.3m | 41.3m | 35.9m | 35.0m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $19.2m | $956k | $2.5m | $13.0m | $97.9m | $2.4m | $0 | $4.6m | $0 | $0 | — | |
| Capitalized Computer Software, Amortization | $27.6m | $32.6m | $38.6m | $57.8m | $72.4m | $74.2m | $78.0m | $78.7m | $109.7m | $130.6m | — | |
| Cost, Depreciation and Amortization | — | — | $119.9m | $94.7m | $104.6m | $112.2m | $105.9m | $104.4m | $134.0m | $152.1m | — | |
| Goodwill, Impairment Loss | $0 | — | $3.2m | — | $53.4m | — | $136.5m | — | — | — | $0 | |
| Processing costs | $458.8m | $514.3m | $547.9m | $400.4m | $419.0m | $482.9m | $558.9m | $621.6m | $647.7m | $665.2m | — | |
| Service fees | $173.1m | $149.1m | $53.7m | $57.0m | $47.3m | $52.8m | $65.2m | $73.3m | $83.7m | $95.9m | — | |
| Provision for credit losses | $33.3m | $61.1m | $66.5m | $65.7m | $78.4m | $45.1m | $179.9m | $89.8m | $68.2m | $78.4m | — | |
| Operating interest | $12.4m | $25.0m | $38.4m | $41.9m | $23.8m | $9.2m | $20.6m | $84.2m | $104.1m | $109.0m | — | |
| Depreciation and amortization | $141.7m | $203.7m | $119.9m | $142.4m | $157.3m | $160.5m | $158.0m | $171.8m | $187.3m | $179.0m | $175.6m | |
| Net foreign currency (loss) gain | ($7.7m) | $29.9m | ($38.8m) | ($926k) | ($25.8m) | ($12.3m) | ($22.7m) | $4.9m | ($26.1m) | ($200k) | — | |
| Change in fair value of contingent consideration | — | — | — | $0 | $0 | ($40.1m) | ($139.1m) | ($8.5m) | ($6.5m) | ($2.9m) | — | |
| Loss on extinguishment of Convertible Notes | — | — | — | — | — | $0 | $0 | ($70.1m) | $0 | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.