Company research
WEX Inc.
CIK 1309108Updated Sep 24, 2026
SecurityWEX · NYSE · equity
Name history
Wright Express CORP · through Oct 15, 2012
WEX price & chart
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NYSE:WEX on TradingView ↗About the company
WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility, and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.
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Recent filings
144 filing
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
144 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 14,399,500,000Source | 13,321,600,000Source | 13,882,100,000Source | 11,529,229,000Source |
| Property, Plant and Equipment, NetUSD | 253,700,000Source | 261,200,000Source | 242,900,000Source | 202,229,000Source |
| GoodwillUSD | 3,015,300,000Source | 2,983,400,000Source | 3,015,700,000Source | 2,728,889,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,088,200,000Source | 1,260,000,000Source | 1,458,700,000Source | 1,473,600,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 905,800,000Source | 595,800,000Source | 975,800,000Source | 921,978,000Source |
| Assets, CurrentUSD | 9,713,000,000Source | 8,515,500,000Source | 8,935,300,000Source | 6,817,149,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 215,400,000Source | 199,000,000Source | 125,300,000Source | 143,283,000Source |
| Operating Lease, Right-of-Use AssetUSD | 51,200,000Source | 54,600,000Source | 61,800,000Source | 66,893,000Source |
| Other Assets, NoncurrentUSD | 218,200,000Source | 202,800,000Source | 149,000,000Source | 246,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 13,165,000,000Source | 11,832,800,000Source | 12,061,500,000Source | 9,879,716,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 500,000Source | 500,000Source | 500,000Source | 495,000Source |
| Additional Paid in CapitalUSD | 1,208,900,000Source | 1,149,700,000Source | 1,053,000,000Source | 928,008,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,370,800,000Source | 2,066,800,000Source | 1,757,100,000Source | 1,490,527,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -128,100,000Source | -312,300,000Source | -229,200,000Source | -306,338,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,234,500,000Source | 1,488,800,000Source | 1,820,600,000Source | 1,649,513,000Source |
| Liabilities and EquityUSD | 14,399,500,000Source | 13,321,600,000Source | 13,882,100,000Source | 11,529,229,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 9,286,600,000Source | 8,327,300,000Source | 8,519,200,000Source | 6,294,067,000Source |
| Operating Lease, Liability, CurrentUSD | 9,500,000Source | 10,100,000Source | 12,000,000Source | 11,804,000Source |
| Operating Lease, Liability, NoncurrentUSD | 54,000,000Source | 60,400,000Source | 66,000,000Source | 70,636,000Source |
| Deferred Income Tax Liabilities, NetUSD | 187,300,000Source | 145,600,000Source | 129,500,000Source | 142,156,000Source |
| Other Liabilities, NoncurrentUSD | 159,100,000Source | 277,700,000Source | 455,500,000Source | 587,104,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | 2,300,000Source | -112,300,000Source | -80,000,000Source | -141,531,000Source |
| Deferred Tax Liabilities, NetUSD | 170,400,000Source | 127,400,000Source | 115,800,000Source | 128,792,000Source |
| Long-term Debt, Current MaturitiesUSD | 54,700,000Source | 52,100,000Source | 55,100,000Source | 202,638,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,532,000,000Source | 3,082,100,000Source | 2,827,500,000Source | 2,522,206,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | 0Source | 0Source |
| Short-term InvestmentsUSD | 4,332,900,000Source | 3,764,700,000Source | 3,022,100,000Source | 1,395,272,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | 309,600,000Source | 266,600,000Source | 167,461,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 331,100,000Source | 321,300,000Source | 276,200,000Source | 263,868,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 100,300,000Source | 112,200,000Source | 127,000,000Source | 97,896,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | -20,100,000Source | -396,300,000Source | 115,400,000Source | 348,682,000Source |
| Deferred Income Tax Expense (Benefit)USD | 43,600,000Source | 11,100,000Source | -21,300,000Source | -60,150,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 454,300,000Source | 481,400,000Source | 907,900,000Source | 679,425,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 900,000Source | 402,000,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -696,900,000Source | -960,600,000Source | -2,138,300,000Source | -716,654,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -4,700,000Source | — | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 140,600,000Source | 147,300,000Source | 143,600,000Source | 112,875,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | 32,600,000Source | 18,100,000Source | 18,888,000Source |
| Payments for Repurchase of Common StockUSD | 799,800,000Source | 652,000,000Source | 303,400,000Source | 282,787,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 418,900,000Source | -260,300,000Source | 1,573,300,000Source | 681,259,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -40,400,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 241,400,000Source | -793,000,000Source | 370,300,000Source | 602,895,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,678,400,000Source | 1,437,000,000Source | 2,230,000,000Source | 1,859,733,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 333,600,000Source | 328,500,000Source | 247,900,000Source | 129,390,000Source |
| Income Taxes Paid, NetUSD | 44,500,000Source | 131,900,000Source | 130,300,000Source | 142,806,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 65,100,000Source | -53,500,000Source | 27,400,000Source | -41,135,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 100,300,000Source | 112,200,000Source | 127,000,000Source | 97,900,000Source |
| Amortization of Debt Issuance CostsUSD | 8,900,000Source | 11,000,000Source | 18,700,000Source | 17,236,000Source |
| Amortization of Intangible AssetsUSD | 191,900,000Source | 201,800,000Source | 184,000,000Source | 170,500,000Source |
| Capitalized Computer Software, AmortizationUSD | 130,600,000Source | 109,700,000Source | 78,700,000Source | 77,997,000Source |
| DepreciationUSD | 139,200,000Source | 119,500,000Source | 92,200,000Source | 93,400,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | — | 0Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | — | 0Source |
| Financing Interest ExpenseUSD | — | — | 217,800,000Source | 20,579,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -200,000Source | -26,100,000Source | 4,900,000Source | -22,702,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -70,100,000Source | — |
| General and Administrative ExpenseUSD | 330,200,000Source | 375,800,000Source | 428,000,000Source | 343,901,000Source |
| GoodwillUSD | 3,015,300,000Source | 2,983,400,000Source | 3,015,700,000Source | 2,728,889,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 136,486,000Source |
| Income Tax Expense (Benefit)USD | 116,100,000Source | 108,200,000Source | 102,200,000Source | 93,085,000Source |
| Net Income (Loss) Attributable to ParentUSD | 304,100,000Source | 309,600,000Source | 266,600,000Source | 167,193,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | 268,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 304,100,000Source | 309,600,000Source | 266,600,000Source | 201,438,000Source |
| Operating Lease, ExpenseUSD | 11,300,000Source | 14,000,000Source | 15,600,000Source | 19,500,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | 17,100,000Source | 16,100,000Source | 4,952,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 0Source | 0Source | -80,800,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,845,400,000Source | 1,867,300,000Source | 1,838,400,000Source | 1,689,665,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 663,900,000Source | 686,300,000Source | 647,100,000Source | 469,842,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 420,200,000Source | 417,800,000Source | 368,800,000Source | 260,546,000Source |
| Income Tax Expense (Benefit)USD | 116,100,000Source | 108,200,000Source | 102,200,000Source | 93,085,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | 268,000Source |
| Net Income (Loss) Attributable to ParentUSD | 304,100,000Source | 309,600,000Source | 266,600,000Source | 167,193,000Source |
| Earnings Per Share, BasicUSD per share | 8.57Source | 7.59Source | 6.23Source | 4.54Source |
| Earnings Per Share, DilutedUSD per share | 8.47Source | 7.5Source | 6.16Source | 4.5Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 35,500,000Source | 40,800,000Source | 42,800,000Source | 44,398,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 35,900,000Source | 41,300,000Source | 43,300,000Source | 44,724,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 191,900,000Source | 201,800,000Source | 184,000,000Source | 170,500,000Source |
| Business Combination, Acquisition Related CostsUSD | 0Source | 0Source | 4,600,000Source | 0Source |
| Capitalized Computer Software, AmortizationUSD | 130,600,000Source | 109,700,000Source | 78,700,000Source | 77,997,000Source |
| Cost, Depreciation and AmortizationUSD | 152,100,000Source | 134,000,000Source | 104,400,000Source | 105,869,000Source |
| Current Income Tax Expense (Benefit)USD | 72,500,000Source | 97,100,000Source | 123,500,000Source | 153,235,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 179,000,000Source | 187,300,000Source | 171,800,000Source | 157,999,000Source |
| Financing Interest ExpenseUSD | — | — | 217,800,000Source | 20,579,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -200,000Source | -26,100,000Source | 4,900,000Source | -22,702,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 330,200,000Source | 375,800,000Source | 428,000,000Source | 343,901,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 136,486,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 332,800,000Source | 290,600,000Source | 225,800,000Source | 254,798,000Source |
| Interest ExpenseUSD | — | — | — | 130,690,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 304,100,000Source | 309,600,000Source | 266,600,000Source | 201,438,000Source |
| Operating Lease, ExpenseUSD | 11,300,000Source | 14,000,000Source | 15,600,000Source | 19,500,000Source |
| Other IncomeUSD | — | — | 0Source | 0Source |
| Selling and Marketing ExpenseUSD | 387,000,000Source | 341,000,000Source | 327,800,000Source | 311,833,000Source |
Filing attachments
ea028887201ex99-1.htm · 8-K · 2026-05-04
EX-99.1 3 ea028887201ex99-1.htm PRESS RELEASE OF WEX INC. DATED MAY 4, 2026 Exhibit 99.1 WEX and Impactive Capital Announce Cooperation Agreement Company to Nominate Three New Independent Directors - Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe - for Election at the 2026 Annual Meeting of Stockholders 2026 Annual Meeting of Stockholders Rescheduled to May 14, 2026 PORTLAND, Maine, May 4, 2026-- WEX (NYSE: WEX) (“WEX” or the “Company”), a global leader in intelligent payment soluti…
Read attachment ↗ef20062687_ex99-1.htm · 8-K · 2026-01-12
EX-99.1 2 ef20062687_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 WEX Advances Multi-Year Board Refreshment Plan David Foss Appointed as Vice Chair and Lead Independent Director, Effective as of the Company’s 2026 Annual Meeting of Stockholders Shikhar Ghosh and Jack VanWoerkom to Retire from the Board of Directors PORTLAND, Maine - January 12, 2026 - WEX (NYSE: WEX) (“WEX” or the “Company”), the global commerce platform that simplifies the business of running a business, today announced changes…
Read attachment ↗ny20044175x8_ex4-1.htm · 8-K · 2025-03-06
EX-4.1 2 ny20044175x8_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 Execution Version WEX INC., as the Company, the Subsidiary Guarantors from time to time parties hereto and CITIBANK, N.A., as the Trustee INDENTURE DATED AS OF MARCH 6, 2025 6.500% Senior Notes due 2033 TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL A…
Read attachment ↗ny20044175x4_ex99-1.htm · 8-K · 2025-02-27
EX-99.1 2 ny20044175x4_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 WEX Announces Pricing and Upsizing of $550 Million Senior Unsecured Notes Offering PORTLAND, ME - February 27, 2025 - WEX Inc. (NYSE: WEX) (the “Company”), the global commerce platform that simplifies the business of running a business, today announced that it had priced and upsized its previously announced offering (the “Offering”) of $550 million in aggregate principal amount of its new 6.500% senior unsecured notes due 2033 (th…
Read attachment ↗ny20044175x2_ex99-1.htm · 8-K · 2025-02-25
EX-99.1 2 ny20044175x2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 WEX Announces Intention to Launch Modified Dutch Auction Tender Offer Intends to launch a “modified Dutch auction” tender offer to repurchase up to $750 million worth of common stock at a purchase price of not less than $148 per share nor greater than $170 per share PORTLAND, Maine--(BUSINESS WIRE) --February 25, 2025--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today ann…
Read attachment ↗ny20044175x2_ex99-2.htm · 8-K · 2025-02-25
EX-99.2 3 ny20044175x2_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 WEX Announces Proposed $500 Million Senior Unsecured Notes Offering PORTLAND, ME - February 25, 2025 - WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that it has commenced an offering (the “Offering”) of $500 million in aggregate principal amount of new senior unsecured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under t…
Read attachment ↗