Wex Inc. - Understand $wex stock

$WEX Market Cap: $7.316 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.655B

TTM

Gross Margin

62.87%

TTM

Net Earnings

$330.6M

TTM

Current Assets

$9.109B

Q3 2024

Current Liabilities

$8.718B

Q3 2024

Current Ratio

104.49%

Q3 2024

Total Assets

$13.96B

Q3 2024

Total Liabilities

$12.28B

Q3 2024

Book Value

$1.677B

Q3 2024

Cash

$535.4M

Q3 2024

P/E

22.13

Nov 29, 2024 EST

Free Cash Flow

$449.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$2.548B	$2.351B	$1.851B	$1.560B	$1.724B	$1.493B	$1.249B	$1.012B	$854.6M	$817.6M	$717.5M	$623.2M	$553.1M	$390.4M	$315.2M	$388.2M	$336.1M	$291.2M	$241.3M	$189.1M	$156.9M	$126.6M
YoY Change	8.4%	27.02%	18.63%	-9.5%	15.48%	19.55%	23.32%	18.47%	4.52%	13.96%	15.13%	12.67%	41.67%	23.86%	-18.8%	15.5%	15.42%	20.68%	27.6%	20.52%	23.93%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$2.548B	$2.351B	$1.851B	$1.560B	$1.724B	$1.493B	$1.249B	$1.012B	$854.6M	$817.6M	$717.5M	$623.2M	$553.1M	$390.4M	$315.2M	$388.2M	$336.1M	$291.2M	$241.3M	$189.1M	$156.9M	$126.6M
Cost Of Revenue	$889.1M	$930.5M	$702.1M	$673.2M	$659.8M	$547.9M	$514.3M	$458.8M	$138.8M	$119.9M	$103.4M	$103.2M	$70.20M	$46.37M	$45.40M	$65.40M	$35.80M	$31.20M	$20.70M	$17.70M	$19.10M	$10.10M
Gross Profit	$1.659B	$1.420B	$1.148B	$886.7M	$1.064B	$944.7M	$734.3M	$553.7M	$715.8M	$697.8M	$614.0M	$520.0M	$482.9M	$344.0M	$269.8M	$322.8M	$300.3M	$260.0M	$220.6M	$171.4M	$137.8M	$116.5M
Gross Profit Margin	65.11%	60.41%	62.06%	56.84%	61.72%	63.29%	58.81%	54.69%	83.75%	85.34%	85.58%	83.44%	87.31%	88.12%	85.6%	83.15%	89.35%	89.29%	91.42%	90.64%	87.83%	92.02%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$755.8M	$655.7M	$646.0M	$558.8M	$535.7M	$438.6M	$348.0M	$316.4M	$96.20M	$79.20M	$67.30M	$54.50M	$154.2M	$126.3M	$106.7M	$98.90M	$92.00M	$83.70M	$81.60M	$67.80M	$62.20M	$56.20M
YoY Change	15.26%	1.51%	15.6%	4.32%	22.15%	26.02%	9.99%	228.88%	21.46%	17.68%	23.49%	-64.66%	22.09%	18.37%	7.89%	7.5%	9.92%	2.57%	20.35%	9.0%	10.68%
% of Gross Profit	45.56%	46.18%	56.25%	63.02%	50.35%	46.42%	47.39%	57.14%	13.44%	11.35%	10.96%	10.48%	31.93%	36.71%	39.55%	30.64%	30.64%	32.19%	36.99%	39.56%	45.14%	48.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$171.8M	$263.9M	$272.6M	$261.9M	$237.1M	$199.8M	$203.7M	$141.7M	$83.08M	$70.38M	$60.56M	$50.27M	$48.11M	$31.50M	$22.60M	$20.60M	$15.70M	$12.10M	$11.10M	$7.400M	$7.300M	$8.100M
YoY Change	-34.89%	-3.22%	4.09%	10.46%	18.68%	-1.92%	43.82%	70.51%	18.04%	16.21%	20.48%	4.48%	52.72%	39.4%	9.71%	31.21%	29.75%	9.01%	50.0%	1.37%	-9.88%
% of Gross Profit	10.36%	18.58%	23.74%	29.54%	22.29%	21.15%	27.74%	25.58%	11.61%	10.09%	9.86%	9.67%	9.96%	9.16%	8.38%	6.38%	5.23%	4.65%	5.03%	4.32%	5.3%	6.95%
Operating Expenses	$927.6M	$655.7M	$646.0M	$558.8M	$535.7M	$438.6M	$1.011B	$823.3M	$625.8M	$511.4M	$440.7M	$401.5M	$319.8M	$239.7M	$141.4M	$131.7M	$114.1M	$101.4M	$99.50M	$84.80M	$78.10M	$72.30M
YoY Change	41.46%	1.51%	15.6%	4.32%	22.15%	-56.63%	22.83%	31.56%	22.38%	16.04%	9.76%	25.58%	33.4%	69.52%	7.37%	15.43%	12.52%	1.91%	17.33%	8.58%	8.02%
Operating Profit	$731.3M	$469.8M	$342.0M	-$91.67M	$385.8M	$380.6M	$233.4M	$158.5M	$228.8M	$306.2M	$276.7M	$221.6M	$233.3M	$150.7M	$128.4M	$191.1M	$186.2M	$158.6M	$121.1M	$86.60M	$59.70M	$44.20M
YoY Change	55.65%	37.38%	-473.07%	-123.76%	1.37%	63.07%	47.25%	-30.71%	-25.29%	10.66%	24.87%	-5.02%	54.82%	17.37%	-32.81%	2.63%	17.4%	30.97%	39.84%	45.06%	35.07%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	-$283.9M	$130.7M	$128.4M	$157.1M	$134.7M	$105.0M	-$99.30M	-$121.4M	-$51.60M	-$9.700M	-$42.60M	-$28.10M	-$29.50M	-$10.80M	-$39.10M	$13.70M	-$100.4M	-$42.00M	-$93.20M	-$2.400M	-$2.800M	-$4.100M
YoY Change	-317.23%	1.77%	-18.24%	16.63%	28.24%	-205.76%	-18.2%	135.27%	431.96%	-77.23%	51.6%	-4.75%	173.15%	-72.38%	-385.4%	-113.65%	139.05%	-54.94%	3783.33%	-14.29%	-31.71%
% of Operating Profit	-38.82%	27.82%	37.55%		34.9%	27.59%	-42.54%	-76.58%	-22.55%	-3.17%	-15.39%	-12.68%	-12.64%	-7.17%	-30.45%	7.17%	-53.92%	-26.48%	-76.96%	-2.77%	-4.69%	-9.28%
Other Income/Expense, Net	-$8.500M	-$139.1M	-$36.48M	$500.0K	$900.0K	-$800.0K	$15.30M	-$600.0K	-$2.145M	-$1.331M	$33.00K	$2.089M	$715.0K	$214.0K	-$600.0K	-$9.000M	$78.90M	$0.00	$0.00
YoY Change	-93.89%	281.24%	-7396.6%	-44.44%	-212.5%	-105.23%	-2650.0%	-72.03%	61.16%	-4133.33%	-98.42%	192.17%	234.11%	-135.67%	-93.33%	-111.41%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$368.8M	$260.5M	$203.9M	-$301.1M	$216.5M	$194.8M	$147.2M	$32.62M	$203.7M	$329.6M	$249.3M	$224.0M	$224.4M	$154.0M	$225.2M	$195.8M	$163.1M	$116.5M	$27.90M	$84.20M	$56.90M	$40.10M
YoY Change	41.55%	27.75%	-167.74%	-239.06%	11.16%	32.28%	351.35%	-83.98%	-38.21%	32.22%	11.29%	-0.19%	45.79%	-31.63%	15.02%	20.05%	40.0%	317.56%	-66.86%	47.98%	41.9%
Income Tax	$102.2M	$93.09M	$67.81M	-$20.60M	$61.22M	$68.84M	$15.45M	$28.59M	$75.30M	$101.6M	$90.10M	$109.5M	$74.98M	$57.45M	$85.60M	$68.10M	$111.6M	$41.90M	$9.200M	$32.90M	$22.30M	$15.70M
% Of Pretax Income	27.71%	35.73%	33.25%		28.28%	35.35%	10.49%	87.65%	36.97%	30.83%	36.14%	48.87%	33.41%	37.32%	38.01%	34.78%	68.42%	35.97%	32.97%	39.07%	39.19%	39.15%
Net Earnings	$266.6M	$167.2M	$135.3M	-$284.0M	$156.3M	$168.3M	$160.1M	$60.64M	$111.3M	$202.2M	$149.2M	$96.92M	$133.6M	$87.63M	$139.7M	$127.6M	$51.60M	$74.60M	$18.70M	$51.20M	$34.60M	$24.40M
YoY Change	59.46%	23.58%	-147.65%	-281.64%	-7.11%	5.14%	163.97%	-45.53%	-44.95%	35.52%	53.95%	-27.47%	52.49%	-37.27%	9.48%	147.29%	-30.83%	298.93%	-63.48%	47.98%	41.8%
Net Earnings / Revenue	10.46%	7.11%	7.31%	-18.2%	9.07%	11.27%	12.82%	5.99%	13.03%	24.73%	20.8%	15.55%	24.16%	22.45%	44.32%	32.87%	15.35%	25.62%	7.75%	27.08%	22.05%	19.27%
Basic Earnings Per Share	$6.23	$4.54	$0.00	-$5.56	$2.29	$3.90	$3.72	$0.58	$2.63	$5.20	$3.83	$2.50	$3.45	$2.28
Diluted Earnings Per Share	$6.16	$4.50	$0.00	-$5.56	$2.26	$3.86	$3.71	$0.57	$2.62	$5.18	$3.82	$2.48	$3.43	$2.25	$3.546M	$3.206M	$1.265M	$1.793M	$459.5K	$1.246M	$860.7K	$607.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments	$975.8M	$922.0M	$588.9M	$852.0M	$810.9M	$541.5M	$503.5M	$190.9M	$280.0M	$284.8M	$361.5M	$197.7M	$25.80M	$18.00M	$39.30M	$183.1M	$43.00M	$35.10M	$45.00M	$31.80M	$22.10M
YoY Change	5.84%	56.55%	-30.88%	5.07%	49.75%	7.55%	163.75%	-31.82%	-1.69%	-21.22%	82.85%	666.28%	43.33%	-54.2%	-78.54%	325.81%	22.51%	-22.0%	41.51%	43.89%
Cash & Equivalents	$975.8M	$922.0M	$588.9M	$852.0M	$810.9M	$541.5M	$503.5M	$190.9M	$280.0M	$284.8M	$361.5M	$197.7M	$25.80M	$18.00M	$39.30M	$183.1M	$43.00M	$35.10M	$45.00M	$31.80M	$22.10M
Short-Term Investments
Other Short-Term Assets	$125.3M	$143.3M	$68.59M	$81.10M	$83.10M	$145.2M	$70.50M
YoY Change	-12.55%	108.89%	-15.42%	-2.41%	-42.77%	105.96%
Inventory
Prepaid Expenses
Receivables	$3.429B	$3.276B	$2.900B	$1.999B	$2.666B	$2.588B	$2.463B	$2.055B	$1.509B	$1.866B	$1.712B	$1.556B	$1.324B	$1.161B	$844.2M	$702.2M	$1.070B	$802.2M	$652.1M	$581.4M	$365.4M
Other Receivables	$129.4M	$143.2M	$125.2M	$93.30M	$112.2M	$109.9M	$150.2M	$108.2M	$87.70M	$6.900M	$0.00	$0.00	$7.800M	$0.00	$0.00	$7.900M	$3.300M	$0.00	$3.300M	$0.00	$0.00
Total Short-Term Assets	$4.659B	$4.484B	$3.683B	$3.025B	$3.672B	$3.385B	$3.187B	$2.354B	$1.876B	$2.157B	$2.074B	$1.754B	$1.358B	$1.179B	$883.5M	$893.2M	$1.117B	$837.3M	$700.4M	$613.2M	$387.5M
YoY Change	3.9%	21.75%	21.74%	-17.61%	8.49%	6.19%	35.41%	25.45%	-13.02%	4.03%	18.22%	29.21%	15.19%	33.39%	-1.09%	-20.01%	33.36%	19.55%	14.22%	58.25%
Property, Plant & Equipment	$242.9M	$202.2M	$259.0M	$273.4M	$280.8M	$187.9M	$163.9M	$167.3M	$138.6M	$105.6M	$72.30M	$60.10M	$62.10M	$60.80M	$45.00M	$44.90M	$45.50M	$40.00M	$38.50M	$37.50M	$36.10M
YoY Change	20.11%	-21.92%	-5.26%	-2.64%	49.44%	14.64%	-2.03%	20.71%	31.25%	46.06%	20.3%	-3.22%	2.14%	35.11%	0.22%	-1.32%	13.75%	3.9%	2.67%	3.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.089B	$1.443B	$988.3M	$37.30M	$30.50M	$24.40M	$23.40M	$23.50M	$18.60M	$18.90M	$16.00M	$16.40M	$17.00M	$9.200M	$16.70M	$61.80M	$9.500M	$8.000M	$20.90M	$17.80M	$17.60M
YoY Change	114.02%	46.03%	2549.67%	22.3%	25.0%	4.27%	-0.43%	26.34%	-1.59%	18.13%	-2.44%	-3.53%	84.78%	-44.91%	-72.98%	550.53%	18.75%	-61.72%	17.42%	1.14%
Other Assets	$1.268B	$951.1M	$673.6M	$495.1M	$183.3M	$23.20M	$26.60M	$6.900M	$10.30M	$5.800M	$89.00M	$121.0M	$143.5M	$161.2M	$183.6M	$240.0M	$283.1M	$377.3M	$403.1M	$500.0K	$0.00
YoY Change	33.31%	41.21%	36.04%	170.1%	690.09%	-12.78%	285.51%	-33.01%	77.59%	-93.48%	-26.45%	-15.68%	-10.98%	-12.2%	-23.5%	-15.22%	-24.97%	-6.4%	80520.0%
Total Long-Term Assets	$9.223B	$7.045B	$6.624B	$5.158B	$4.627B	$3.386B	$3.502B	$3.643B	$1.972B	$1.961B	$1.359B	$1.378B	$920.6M	$919.5M	$616.2M	$718.7M	$668.5M	$713.7M	$747.9M	$337.3M	$196.1M
YoY Change	30.91%	6.36%	28.42%	11.49%	36.64%	-3.3%	-3.89%	84.79%	0.53%	44.35%	-1.39%	49.67%	0.12%	49.22%	-14.26%	7.51%	-6.33%	-4.57%	121.73%	72.0%
Total Assets	$13.88B	$11.53B	$10.31B	$8.183B	$8.298B	$6.771B	$6.689B	$5.997B	$3.848B	$4.119B	$3.432B	$3.132B	$2.278B	$2.098B	$1.500B	$1.612B	$1.785B	$1.551B	$1.448B	$950.5M	$583.6M
YoY Change
Accounts Payable	$1.479B	$1.366B	$880.1M	$647.1M	$853.0M	$690.7M	$752.4M	$567.4M	$370.8M	$446.4M	$559.1M	$587.3M	$480.9M	$459.2M	$390.9M	$549.3M	$669.0M	$705.6M	$673.1M	$281.9M	$198.0M
YoY Change	8.3%	55.19%	36.0%	-24.14%	23.5%	-8.2%	32.6%	53.02%	-16.94%	-20.16%	-4.8%	22.13%	4.73%	17.47%	-28.84%	-17.89%	-5.19%	4.83%	138.77%	42.37%
Accrued Expenses	$802.7M	$643.9M	$573.5M	$461.9M	$396.7M	$325.8M	$315.3M	$331.6M	$156.2M	$137.2M	$92.30M	$67.40M	$54.70M	$41.10M	$30.90M	$34.90M	$35.30M	$26.10M	$22.20M	$17.40M	$9.800M
YoY Change	24.66%	12.27%	24.16%	16.44%	21.76%	3.33%	-4.92%	112.29%	13.85%	48.65%	36.94%	23.22%	33.09%	33.01%	-11.46%	-1.13%	35.25%	17.57%	27.59%	77.55%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$48.40M	$302.2M	$466.8M	$199.7M	$170.6M	$207.6M	$85.40M	$92.00M	$27.10M	$24.00M
YoY Change											-100.0%	-83.98%	-35.26%	133.75%	17.06%	-17.82%	143.09%	-7.17%	239.48%	12.92%
Long-Term Debt Due	$1.041B	$202.6M	$155.8M	$152.7M	$248.5M	$216.5M	$397.2M
YoY Change	413.77%	30.09%	2.01%	-38.55%	14.78%	-45.49%
Total Short-Term Liabilities	$7.266B	$5.357B	$3.787B	$2.313B	$2.931B	$2.292B	$2.569B	$996.1M	$595.3M	$632.8M	$699.0M	$740.3M	$858.9M	$991.6M	$623.3M	$764.0M	$925.6M	$827.8M	$792.8M	$333.6M	$231.9M
YoY Change	35.63%	41.47%	63.74%	-21.1%	27.87%	-10.79%	157.94%	67.33%	-5.93%	-9.47%	-5.58%	-13.81%	-13.38%	59.09%	-18.42%	-17.46%	11.81%	4.41%	137.65%	43.86%
Long-Term Debt	$2.828B	$2.522B	$2.695B	$2.874B	$2.687B	$2.134B	$2.028B	$2.205B	$1.192B	$1.355B	$692.3M	$621.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$129.8M	$167.5M	$0.00	$0.00
YoY Change	12.1%	-6.42%	-6.22%	6.98%	25.9%	5.23%	-8.03%	85.01%	-12.01%	95.65%	11.48%						-100.0%	-22.51%
Other Long-Term Liabilities	$1.839B	$1.858B	$1.539B	$741.2M	$368.7M	$396.9M	$345.4M	$1.138B	$881.3M	$992.8M	$1.105B	$912.6M	$709.8M	$547.4M	$425.1M	$543.2M	$645.2M	$400.4M	$375.3M	$194.8M	$93.10M
YoY Change	-1.06%	20.77%	107.62%	101.03%	-7.11%	14.91%	-69.64%	29.07%	-11.23%	-10.19%	21.13%	28.57%	29.67%	28.77%	-21.74%	-15.81%	61.14%	6.69%	92.66%	109.24%
Total Long-Term Liabilities	$4.666B	$4.381B	$4.234B	$3.615B	$3.055B	$2.531B	$2.373B	$3.342B	$2.073B	$2.347B	$1.798B	$1.534B	$709.8M	$547.4M	$425.1M	$543.2M	$645.2M	$530.2M	$542.8M	$194.8M	$93.10M
YoY Change	6.52%	3.46%	17.12%	18.33%	20.72%	6.64%	-29.0%	61.23%	-11.68%	30.57%	17.22%	116.06%	29.67%	28.77%	-21.74%	-15.81%	21.69%	-2.32%	178.64%	109.24%
Total Liabilities	$12.06B	$9.880B	$8.468B	$6.279B	$6.372B	$4.985B	$5.068B	$4.500B	$2.765B	$3.058B	$2.530B	$2.314B	$1.569B	$1.539B	$1.048B	$1.307B	$1.571B	$1.358B	$1.336B	$528.4M	$325.3M
YoY Change	22.08%	16.67%	34.87%	-1.46%	27.82%	-1.64%	12.62%	62.76%	-9.6%	20.9%	9.32%	47.5%	1.94%	46.8%	-19.81%	-16.78%	15.68%	1.66%	152.78%	62.43%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	42.80M shares	44.40M shares	44.72M shares	43.84M shares	43.32M shares	43.16M shares	42.98M shares	40.81M shares	38.77M shares	38.89M shares	38.95M shares	38.84M shares	38.69M shares	38.49M shares
Diluted Shares Outstanding	43.30M shares	44.72M shares	45.31M shares	43.84M shares	43.77M shares	43.57M shares	43.11M shares	40.91M shares	38.84M shares	39.00M shares	39.10M shares	39.09M shares	39.00M shares	39.05M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.3162 Billion

About WEX Inc.

WEX, Inc. engages in the provision of payment processing and information management solutions. The company is headquartered in Portland, Maine and currently employs 7,200 full-time employees. The company went IPO on 2005-02-16. The firm operates through three segments: Mobility, Benefits, and Corporate Payments. Its Mobility segment provides payment processing, transaction processing, and information management services specifically designed for the needs of fleets of all sizes from small businesses to federal and state government fleets and over-the-road carriers. Its Benefits segment provides a Software as a service (SaaS) platform for consumer directed healthcare benefits and a full-service benefit enrollment solution, bringing together benefits administration, certain compliance services and consumer-directed and benefits accounts. Its Corporate Payments segment focuses on the complex payment environment of global B2B payments, enabling customers to utilize its payments solutions to integrate into their own workflows and manage their accounts payable automation and spend management functions.

Industry: Services-Business Services, NEC Peers: Affirm Holdings, Inc. Concentrix Corp EURONET WORLDWIDE, INC. ExlService Holdings, Inc. CORPAY, INC. JACK HENRY & ASSOCIATES INC SS&C Technologies Holdings Inc Toast, Inc. VISA INC. Western Union CO