← WEX Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.0b | $1.3b | $1.5b | $1.7b | $1.6b | $1.4b | $1.7b | $2.5b | $2.6b | $2.7b | |
| Cost of Revenue | $823.3m | $4.3m | $547.9m | $659.8m | $673.2m | $702.1m | $930.5m | $973.3m | $1.0b | $1.1b | |
| Gross Profit (Calculated) (derived) | $195.1m | $1.2b | $448.8m | $547.7m | $455.8m | $643.7m | $759.2m | $865.1m | $829.5m | $744.8m | |
| Operating Expenses | $823.3m | $1.0b | — | — | — | — | — | — | — | — | |
| Operating Income (Loss) | $195.1m | $239.3m | $380.6m | $385.8m | ($91.7m) | $342.0m | $469.8m | $647.1m | $686.3m | $663.9m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $97.8m | $154k | $138.2m | $159.4m | $171.1m | $181.7m | $170.5m | $184.0m | $201.8m | $191.9m | |
| Capitalized Computer Software, Amortization | $27.6m | $32.6m | $38.6m | $57.8m | $72.4m | $74.2m | $78.0m | $78.7m | $109.7m | $130.6m | |
| 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 | — | — | — | |
| Goodwill, Impairment Loss | $0 | — | $3.2m | — | $53.4m | — | $136.5m | — | — | — | |
| 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 | |
| Interest Income, Operating | — | — | $38.4m | — | — | — | — | — | — | — | |
| Other Income | — | — | — | — | — | $3.6m | $0 | $0 | — | — | |
| 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 | |
| General and administrative | $185.6m | $184.3m | $209.3m | $275.8m | $292.1m | $326.9m | $343.9m | $428.0m | $375.8m | $330.2m | |
| Sales and marketing | $130.8m | $163.7m | $229.2m | $259.9m | $266.7m | $319.1m | $311.8m | $327.8m | $341.0m | $387.0m | |
| 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 | |
| Income tax provision | $29.6m | $19.5m | $68.8m | $61.2m | ($20.6m) | $67.8m | $93.1m | $102.2m | $108.2m | $116.1m | |
| Basic (in shares) | $40.8m | $43.0m | $43.2m | $43.3m | $43.8m | $44.7m | $44.4m | $42.8m | $40.8m | $35.5m | |
| Diluted (in shares) | $40.9m | $43.1m | $43.6m | $43.8m | $43.8m | $45.3m | $44.7m | $43.3m | $41.3m | $35.9m | |
| 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 | |
| Income before income taxes | $87.1m | $178.7m | $238.6m | $216.5m | ($301.1m) | $203.9m | $260.5m | $368.8m | $417.8m | $420.2m | |
| Net Income (Loss) Attributable to Parent | $60.6m | $160.3m | $168.3m | $156.3m | ($283.9m) | $135.3m | $167.2m | $266.6m | $309.6m | $304.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $60.6m | $160.3m | $168.3m | $99.0m | ($243.6m) | $137k | $201.4m | $266.6m | $309.6m | $304.1m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($3.2m) | ($1.1m) | $1.5m | ($1.0m) | $3.5m | $846k | $268k | $0 | $0 | — | |
| Earnings Per Share, Basic | $1.49 | $3.73 | $3.90 | $2.29 | ($5.56) | $0.00 | $4.54 | $6.23 | $7.59 | $8.57 | |
| Earnings Per Share, Diluted | $1.48 | $3.72 | $3.86 | $2.26 | ($5.56) | $0.00 | $4.50 | $6.16 | $7.50 | $8.47 | |
| 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 | |
| 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 | |
| General and Administrative Expense | $185.6m | $184.3m | $209.3m | $275.8m | $292.1m | $326.9m | $343.9m | $428.0m | $375.8m | $330.2m | |
| Business Combination, Acquisition Related Costs | $19.2m | $956k | $2.5m | $13.0m | $97.9m | $2.4m | $0 | $4.6m | $0 | $0 | |
| Cost, Depreciation and Amortization | — | — | $119.9m | $94.7m | $104.6m | $112.2m | $105.9m | $104.4m | $134.0m | $152.1m | |
| Labor and Related Expense | $286.3m | $363.4m | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($563k) | ($15.3m) | ($800k) | $900k | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | $18.3m | $18.2m | $24.3m | $19.5m | $15.6m | $14.0m | $11.3m | |
| Other Expenses | $56.4m | $94.8m | — | — | — | — | — | — | — | — | |
| Restructuring and Related Cost, Incurred Cost | $8.3m | $9.0m | $272k | — | — | — | — | — | — | — | |
| Selling and Marketing Expense | $130.8m | $163.7m | $229.2m | $259.9m | $266.7m | $319.1m | $311.8m | $327.8m | $341.0m | $387.0m | |
| Processing costs | $458.8m | $514.3m | $547.9m | $400.4m | $419.0m | $482.9m | $558.9m | $621.6m | $647.7m | $665.2m | |
| 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 | — | — | — | |
| Interest Expense, Debt | $12.4m | $24.5m | — | $41.9m | — | $1.4m | — | — | — | — | |
| Financing interest expense, net of financial instruments | — | — | — | — | — | ($89.2m) | ($47.5m) | ($204.6m) | ($235.9m) | ($240.6m) | |
| 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 | |
| Interest Income (Expense), Net | $17.1m | $31.9m | $16.2m | $9.3m | $5.8m | $4.5m | — | — | — | — | |
| Total cost of services | $823.3m | $4.3m | $547.9m | $659.8m | $673.2m | $702.1m | $930.5m | $973.3m | $1.0b | $1.1b | |
| Income Tax Expense (Benefit) | $29.6m | $19.5m | $68.8m | $61.2m | ($20.6m) | $67.8m | $93.1m | $102.2m | $108.2m | $116.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.