15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $304M | 40.4% | 36.0% | 24.6% | 2.1% | $314M | $4.9B | $906M |
| 2024 | $1.9B | $310M | 44.4% | 36.8% | 20.8% | 2.3% | $334M | $4.4B | $596M |
| 2023 | $1.8B | $267M | 47.1% | 35.2% | 14.6% | 1.9% | $764M | $3.9B | $976M |
| 2022 | $1.7B | $167M | 44.9% | 27.8% | 10.1% | 1.5% | $567M | $2.8B | $922M |
| 2021 | $1.3B | $135M | 47.8% | 25.4% | 7.4% | 1.3% | -$129M | $2.9B | $589M |
| 2020 | $1.1B | -$284M | 40.4% | -8.1% | -14.9% | -3.5% | $656M | $3.0B | $852M |
| 2019 | $1.2B | $156M | 45.4% | 32.0% | 8.1% | 1.9% | $560M | $2.7B | $811M |
| 2018 | $997M | $168M | 45.0% | 38.2% | 9.4% | 2.5% | $313M | $2.1B | $541M |
| 2017 | — | $160M | — | — | 9.9% | 2.4% | $56M | $195M | $504M |
| 2016 | — | $61M | — | — | 4.1% | 1.0% | -$203M | $126M | $191M |
| 2015 | — | $111M | — | — | 10.2% | 2.9% | $382M | $50M | $278M |
| 2014 | — | $202M | — | — | 18.8% | 4.9% | $238M | $53M | $285M |
| 2013 | — | $149M | — | — | 16.5% | 4.3% | $96000 | $7M | $361M |
| 2012 | — | $97M | — | — | 11.8% | 3.1% | $44M | $621M | $198M |
| 2011 | — | $134M | — | — | 18.8% | 5.9% | $26M | — | $26M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $513M | $109M | 43.6% | 39.6% | 8.1% | 0.7% | -$121M | $5.4B | $1.2B |
| Mar '26 | $462M | $78M | 39.4% | 34.2% | 6.1% | 0.5% | -$368M | $5.3B | $634M |
| Dec '25 | $465M | $84M | 39.0% | 35.8% | 6.8% | 0.6% | $256M | $4.9B | $906M |
| Sep '25 | $482M | $80M | 43.0% | 38.1% | 7.2% | 0.6% | $342M | $5.1B | $813M |
| Jun '25 | $454M | $68M | 40.0% | 34.5% | 7.0% | 0.5% | $230M | $5.5B | $773M |
| Mar '25 | $444M | $72M | 39.2% | 35.4% | 8.8% | 0.5% | -$514M | $5.6B | $610M |
| Dec '24 | $440M | $64M | 41.5% | 35.7% | 4.3% | 0.5% | $600M | $4.4B | $596M |
| Sep '24 | $479M | $103M | 48.0% | 41.0% | 6.1% | 0.7% | -$32M | $4.6B | $535M |
| Jun '24 | $479M | $77M | 44.9% | 35.1% | 4.3% | 0.5% | -$47M | $4.3B | $683M |
| Mar '24 | $469M | $66M | 43.1% | 35.0% | 3.7% | 0.5% | -$187M | $4.2B | $780M |
| Dec '23 | $481M | $85M | 46.8% | 33.0% | 4.7% | 0.6% | $720M | $3.9B | $976M |
| Sep '23 | $469M | $18M | 49.9% | 37.3% | 1.1% | 0.1% | $10M | $3.7B | $958M |
| Jun '23 | $445M | $95M | 47.1% | 35.9% | 5.4% | 0.7% | $38M | $3.3B | $901M |
| Mar '23 | $444M | $68M | 44.3% | 34.8% | 4.1% | 0.5% | -$4M | $3.0B | $922M |
| Dec '22 | $439M | $89M | 42.7% | 35.3% | 5.4% | 0.8% | $535M | $2.8B | $922M |
| Sep '22 | $439M | -$44M | 42.6% | 4.8% | — | -0.4% | $398M | $2.8B | $759M |
| Jun '22 | $441M | $34M | 49.2% | 38.8% | — | 0.3% | -$174M | $2.9B | $439M |
| Mar '22 | $370M | $89M | 45.3% | 33.1% | — | 0.8% | -$193M | $2.9B | $578M |
| Dec '21 | $356M | $51M | 45.8% | 30.5% | 2.8% | 0.5% | -$63M | $2.9B | $589M |
| Sep '21 | $351M | $52M | 48.8% | 28.7% | 2.8% | 0.5% | $93M | $3.0B | $534M |
How the market has priced WEX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Wex Inc.'s revenue has grown 10.3% per year. These are computed facts, not advice.
As of FY2025, Wex Inc. reported $4.9B of total debt against $906M of cash.
In FY2025, gross margin was 40.4%, operating margin 36.0%, and net margin 16.5%.
As of Sep '26, Wex Inc. traded at a price-to-earnings ratio of about 21.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.