WEX Inc. (WEX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 673.8M | 672.9M | 691.8M | 659.6M | 636.6M | 636.5M | 665.5M | 673.5M | 652.7M | 663.3M | 651.4M | 621.3M | 612M | 618.61M | 616.1M | 598.2M | 517.5M | 497.54M | 482.76M | 459.48M |
| Revenue Growth % | 5.84% | 5.72% | 3.95% | -2.06% | -2.47% | -4.04% | 2.16% | 8.4% | 6.65% | 7.22% | 5.73% | 3.86% | 18.26% | 24.33% | 27.62% | 30.19% | 25.99% | 24.7% | 26.34% | 32.38% |
| Cost of Goods Sold | 294.5M | 306.6M | 274.3M | 272.8M | 270M | 257.5M | 249.3M | 263.7M | 267.2M | 255.9M | 235.1M | 235M | 247.3M | 251.83M | 252.1M | 224.3M | 202.2M | 192.74M | 179.93M | 171.65M |
| COGS % of Revenue | 43.71% | 45.56% | 39.65% | 41.36% | 42.41% | 40.46% | 37.46% | 39.15% | 40.94% | 38.58% | 36.09% | 37.82% | 40.41% | 40.71% | 40.92% | 37.5% | 39.07% | 38.74% | 37.27% | 37.36% |
| Gross Profit | 379.3M | 366.3M | 417.5M | 386.8M | 366.6M | 379M | 416.2M | 409.8M | 385.5M | 407.4M | 416.3M | 386.3M | 364.7M | 366.78M | 364M | 373.9M | 315.3M | 304.8M | 302.83M | 287.83M |
| Gross Margin % | 56.29% | 54.44% | 60.35% | 58.64% | 57.59% | 59.54% | 62.54% | 60.85% | 59.06% | 61.42% | 63.91% | 62.18% | 59.59% | 59.29% | 59.08% | 62.5% | 60.93% | 61.26% | 62.73% | 62.64% |
| Gross Profit Growth % | 3.46% | -3.35% | 0.31% | -5.61% | -4.9% | -6.97% | -0.02% | 6.08% | 5.7% | 11.08% | 14.37% | 3.32% | 15.67% | 20.34% | 20.2% | 29.9% | 24.64% | 32.28% | 34.45% | 55.43% |
| Operating Expenses | 221.2M | 199.7M | 233.9M | 230M | 209.3M | 221.7M | 219.8M | 241.7M | 221M | 248.9M | 241.4M | 226.9M | 210.4M | 211.63M | 342.7M | 202.8M | 193M | 196.44M | 202.01M | 205.55M |
| OpEx % of Revenue | 32.83% | 29.68% | 33.81% | 34.87% | 32.88% | 34.83% | 33.03% | 35.89% | 33.86% | 37.52% | 37.06% | 36.52% | 34.38% | 34.21% | 55.62% | 33.9% | 37.29% | 39.48% | 41.84% | 44.74% |
| Selling, General & Admin | 191.9M | 199.7M | 189.3M | 184M | 164.6M | 175.3M | 173M | 194.7M | 173.8M | 202.5M | 199.4M | 185.1M | 168.8M | 171.82M | 167.4M | 163.9M | 152.6M | 154.32M | 161.71M | 165.15M |
| SG&A % of Revenue | 28.48% | 29.68% | 27.36% | 27.9% | 25.86% | 27.54% | 26% | 28.91% | 26.63% | 30.53% | 30.61% | 29.79% | 27.58% | 27.77% | 27.17% | 27.4% | 29.49% | 31.02% | 33.5% | 35.94% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 158.2M | 166.6M | 183.6M | 156.8M | 157.3M | 157.3M | 196.4M | 168.1M | 164.5M | 158.5M | 174.9M | 159.4M | 154.3M | 155.15M | 21.3M | 171.1M | 122.3M | 108.36M | 100.82M | 82.28M |
| Operating Margin % | 23.48% | 24.76% | 26.54% | 23.77% | 24.71% | 24.71% | 29.51% | 24.96% | 25.2% | 23.9% | 26.85% | 25.66% | 25.21% | 25.08% | 3.46% | 28.6% | 23.63% | 21.78% | 20.88% | 17.91% |
| Operating Income Growth % | 0.57% | 5.91% | -6.52% | -6.72% | -4.38% | -0.76% | 12.29% | 5.46% | 6.61% | 2.16% | 721.13% | -6.84% | 26.17% | 43.18% | -78.87% | 107.95% | 141.98% | 154.97% | 5364.61% | 185.87% |
| EBITDA | 239.8M | 248.5M | 222.6M | 240.8M | 238.8M | 239.1M | 277.9M | 247.7M | 242.9M | 233.4M | 242.4M | 226.4M | 221.1M | 220.93M | 87.4M | 236.6M | 188.8M | 178.77M | 169.35M | 149.13M |
| EBITDA Margin % | 35.59% | 36.93% | 32.18% | 36.51% | 37.51% | 37.56% | 41.76% | 36.78% | 37.21% | 35.19% | 37.21% | 36.44% | 36.13% | 35.71% | 14.19% | 39.55% | 36.48% | 35.93% | 35.08% | 32.46% |
| EBITDA Growth % | 0.42% | 3.93% | -19.9% | -2.79% | -1.69% | 2.44% | 14.65% | 9.41% | 9.86% | 5.64% | 177.35% | -4.31% | 17.11% | 23.58% | -48.39% | 58.65% | 60.83% | 237.28% | 151.41% | 59.85% |
| D&A (Non-Cash Add-back) | 81.6M | 81.9M | 39M | 84M | 81.5M | 81.8M | 81.5M | 79.6M | 78.4M | 74.9M | 67.5M | 67M | 66.8M | 65.78M | 66.1M | 65.5M | 66.5M | 70.41M | 68.53M | 66.86M |
| EBIT | 158.1M | 169.4M | 180.2M | 158.4M | 153.4M | 138M | 199.5M | 166M | 150.3M | 190.6M | 99.2M | 158M | 151.1M | 159.23M | -8.9M | 80.4M | 160.5M | 131.91M | 103.7M | 41.93M |
| Net Interest Income | -53.6M | -58.8M | -63.8M | -65M | -53M | -57.4M | -58.4M | -59.9M | -60.3M | -82.2M | -54.8M | -40.2M | -52.9M | -34.76M | -34.4M | -31.8M | -29.7M | -30.17M | -32.49M | -32.47M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 53.6M | 58.8M | 63.8M | 65M | 53M | 57.4M | 58.4M | 59.9M | 60.3M | 82.2M | 54.8M | 40.2M | 52.9M | 34.76M | 34.4M | 31.8M | 29.7M | 30.17M | 32.49M | 32.47M |
| Other Income/Expense | -49.7M | -56.6M | -67.2M | -63.4M | -56.9M | -76.7M | -55.3M | -62M | -74.5M | -50.1M | -130.5M | -41.6M | -56.1M | -30.68M | -64.6M | -122.5M | 8.5M | -6.62M | -29.61M | -72.82M |
| Pretax Income | 108.5M | 110M | 116.4M | 93.4M | 100.4M | 80.6M | 141.1M | 106.1M | 90M | 108.4M | 44.4M | 117.8M | 98.2M | 124.47M | -43.3M | 48.6M | 130.8M | 101.74M | 71.21M | 9.46M |
| Pretax Margin % | 16.1% | 16.35% | 16.83% | 14.16% | 15.77% | 12.66% | 21.2% | 15.75% | 13.79% | 16.34% | 6.82% | 18.96% | 16.05% | 20.12% | -7.03% | 8.12% | 25.28% | 20.45% | 14.75% | 2.06% |
| Income Tax | 30.8M | 25.8M | 36.2M | 25.2M | 28.9M | 16.6M | 38.2M | 29.1M | 24.2M | 23.5M | 26M | 22.5M | 30.2M | 35.78M | 800K | 14.5M | 42M | 50.88M | 19.34M | -746K |
| Effective Tax Rate % | 28.39% | 23.45% | 31.1% | 26.98% | 28.78% | 20.6% | 27.07% | 27.43% | 26.89% | 21.68% | 58.56% | 19.1% | 30.75% | 28.74% | -1.85% | 29.84% | 32.11% | 50.01% | 27.16% | -7.89% |
| Net Income | 77.7M | 84.3M | 80.3M | 68.1M | 71.5M | 63.9M | 102.9M | 77M | 65.8M | 84.9M | 18.4M | 95.3M | 68M | 88.69M | -44.1M | 34.1M | 122.8M | -11.76M | 48.32M | -33.86M |
| Net Margin % | 11.53% | 12.53% | 11.61% | 10.32% | 11.23% | 10.04% | 15.46% | 11.43% | 10.08% | 12.8% | 2.82% | 15.34% | 11.11% | 14.34% | -7.16% | 5.7% | 23.73% | -2.36% | 10.01% | -7.37% |
| Net Income Growth % | 8.67% | 31.92% | -21.96% | -11.56% | 8.66% | -24.73% | 459.24% | -19.2% | -3.24% | -4.27% | 141.72% | 179.47% | -44.63% | 854.18% | -191.27% | 200.72% | 4887.52% | 94.98% | 173.39% | -146.6% |
| Net Income (Continuing) | 77.7M | 84.2M | 80.2M | 68.2M | 71.5M | 64M | 102.9M | 77M | 65.8M | 84.9M | 18.4M | 95.3M | 68M | 88.69M | -44.1M | 34.1M | 88.8M | 50.86M | 51.87M | 10.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 254.11M | 191.49M | 187.94M |
| EPS (Diluted) | 2.22 | 2.41 | 2.30 | 1.98 | 1.81 | 1.60 | 2.52 | 1.83 | 1.55 | 1.98 | 0.42 | 2.20 | 1.56 | 2.02 | -1.00 | 0.76 | 1.96 | -0.26 | 1.07 | -0.76 |
| EPS Growth % | 22.65% | 50.63% | -8.73% | 8.2% | 16.77% | -19.19% | 500% | -16.82% | -0.64% | -1.98% | 142% | 189.47% | -20.41% | 876.92% | -193.46% | 200% | 3491% | 95.09% | 171.81% | -145.78% |
| EPS (Basic) | 2.25 | 2.45 | 2.34 | 1.99 | 1.84 | 1.62 | 2.55 | 1.85 | 1.57 | 2.01 | 0.43 | 2.22 | 1.58 | 2.03 | -1.00 | 0.76 | 1.98 | -0.26 | 1.08 | -0.76 |
| Diluted Shares Outstanding | 35M | 35M | 34.8M | 34.4M | 39.4M | 40M | 40.8M | 42M | 42.4M | 42.8M | 43.4M | 43.4M | 43.6M | 43.98M | 44.23M | 45.08M | 45.34M | 44.88M | 45.28M | 44.79M |
| Basic Shares Outstanding | 34.5M | 34.4M | 34.4M | 34.3M | 38.9M | 39.4M | 40.3M | 41.7M | 41.8M | 42.3M | 42.9M | 42.9M | 43.1M | 43.66M | 44.2M | 44.8M | 44.9M | 44.88M | 44.86M | 44.55M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |