WEX Inc.WEXEarnings & Financial Report
WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.
Revenue
$440.3M
Gross Profit
$182.7M
Operating Profit
$157.3M
Net Profit
$63.9M
Gross Margin
41.5%
Operating Margin
35.7%
Net Margin
14.5%
YoY Growth
-8.4%
EPS
$1.60
WEX Inc. Q4 FY2024 Financial Summary
WEX Inc. reported revenue of $440.3M (down 8.4% YoY) for Q4 FY2024, with a net profit of $63.9M (down 24.7% YoY) (14.5% margin). Cost of goods sold was $257.6M, operating expenses totaled $25.4M.
Key Financial Metrics
| Total Revenue | $440.3M |
|---|---|
| Net Profit | $63.9M |
| Gross Margin | 41.5% |
| Operating Margin | 35.7% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
WEX Inc. Q4 FY2024 revenue of $440.3M breaks down across 3 segments, led by Mobility Segment at $199.1M (45.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Mobility Segment | $199.1M | 45.2% |
| Benefits Segment | $141.5M | 32.1% |
| Corporate Payments Segment | $99.8M | 22.7% |
WEX Inc. Revenue by Segment — Quarterly Trend
WEX Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Mobility Segment and Benefits Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Mobility Segment | — | $193.1M | — | — |
| Benefits Segment | — | $153.0M | $148.6M | $145.9M |
| Corporate Payments Segment | — | — | $128.1M | $113.1M |
WEX Inc. Annual Revenue by Year
WEX Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.8B |
| 2024 | $1.9B |
| 2023 | $1.8B |
| 2022 | $1.7B |
WEX Inc. Quarterly Revenue & Net Profit History
WEX Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $652.7M | -3.1% | $65.8M | 10.1% |
| Q4 FY2025 | $465.1M | +5.6% | $84.2M | 18.1% |
| Q3 FY2025 | $481.6M | +0.5% | $80.3M | 16.7% |
| Q2 FY2025 | $454.4M | -5.1% | $68.1M | 15.0% |
| Q1 FY2025 | $444.3M | -5.3% | $71.5M | 16.1% |
| Q4 FY2024 | $440.3M | -8.4% | $63.9M | 14.5% |
| Q3 FY2024 | $479.0M | +2.1% | $102.9M | 21.5% |
| Q2 FY2024 | $478.6M | +7.7% | $77.0M | 16.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $478.6M | $479.0M | $440.3M | $444.3M | $454.4M | $481.6M | $465.1M | $652.7M |
| YoY Growth | 7.7% | 2.1% | -8.4% | -5.3% | -5.1% | 0.5% | 5.6% | -3.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $14.25B | $13.96B | $13.32B | $13.96B | $14.67B | $14.43B | $14.40B | N/A |
| Liabilities | $12.46B | $12.28B | $11.83B | $13.15B | $13.69B | $13.31B | $13.16B | N/A |
| Equity | $1.78B | $1.68B | $1.49B | $810.4M | $978.7M | $1.12B | $1.23B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-7.0M | $3.3M | $638.4M | $-481.6M | $264.6M | $376.6M | $294.7M |