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
$481.6M
Gross Profit
$207.3M
Operating Profit
$183.6M
Net Profit
$80.3M
Gross Margin
43.0%
Operating Margin
38.1%
Net Margin
16.7%
YoY Growth
0.5%
EPS
$2.30
WEX Inc. Q3 FY2025 Financial Summary
WEX Inc. reported revenue of $481.6M (up 0.5% YoY) for Q3 FY2025, with a net profit of $80.3M (down 22.0% YoY) (16.7% margin). Cost of goods sold was $274.3M, operating expenses totaled $23.7M.
Key Financial Metrics
| Total Revenue | $481.6M |
|---|---|
| Net Profit | $80.3M |
| Gross Margin | 43.0% |
| Operating Margin | 38.1% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
WEX Inc. Q3 FY2025 revenue of $481.6M breaks down across 4 segments, led by Benefits Segment at $148.6M (30.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Benefits Segment | $148.6M | 30.9% |
| Corporate Payments Segment | $128.1M | 26.6% |
| Other | $121.5M | 25.2% |
| Finance Fee Revenue | $83.2M | 17.3% |
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 Benefits Segment and Corporate Payments Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Benefits Segment | — | $153.0M | $148.6M | $145.9M |
| Corporate Payments Segment | — | — | $128.1M | $113.1M |
| Other | — | $123.1M | $121.5M | $116.1M |
| Finance Fee Revenue | — | — | $83.2M | $80.4M |
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 |