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WEX Inc. (WEX)

For the quarter ending 2025-06-30, WEX made $659,600K in revenue. $68,100K in net income. Net profit margin of 10.32%.

Overview

Revenue
$659,600K
Net Income
$68,100K
Net Profit Margin
10.32%
EPS
$1.98
Unit: Thousand (K) dollars
Revenue Breakdown
    • Mobility Segment
    • Benefits Segment
    • Corporate Payments Segment
Revenue Breakdown
    • Mobility Segment
    • Mobility Segment
    • Benefits Segment
    • Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenues659,600 636,600 665,500 673,500
General and administrative86,300 73,700 92,100 101,000
Depreciation and amortization46,000 44,700 46,900 46,900
Service fees23,300 25,700 20,700 20,800
Operating interest28,700 24,100 28,300 25,700
Provision for credit losses21,500 15,900 9,700 20,600
Processing costs161,400 167,500 156,000 163,800
Depreciation and amortization37,900 36,800 34,600 32,800
Total cost of services272,700 270,000 249,200 263,800
Sales and marketing97,700 90,900 80,900 93,700
Operating income156,800 157,300 196,400 168,100
Net foreign currency gain (loss)2,400 -3,100 3,200 -400
Change in fair value of contingent consideration800 800 - -
Financing interest expense, net of financial instruments65,000 53,000 58,400 59,900
Change in fair value of contingent consideration- - 100 1,700
Income before income taxes93,400 100,400 141,100 106,100
Income tax expense25,200 28,900 38,200 29,100
Net income68,100 71,500 102,900 77,000
Basic (in dollars per share)1.98 1.84 2.56 1.85
Basic (in shares)34,300,000 38,900,000 40,300,000 41,700,000
Diluted (in dollars per share)1.98 1.81 2.52 1.83
Diluted (in shares)34,400,000 39,400,000 40,800,000 42,000,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

DownloadDownload image
Benefits Segment$195,100K Corporate PaymentsSegment$118,300K Mobility Segment$346,200K Total revenues$659,600K (-2.06%↓ Y/Y)Net foreigncurrency gain (loss)$2,400K (700.00%↑ Y/Y)Operating income$156,800K (-6.72%↓ Y/Y)Total cost of services$272,700K (3.37%↑ Y/Y)Depreciation andamortization$46,000K (-1.92%↓ Y/Y)General andadministrative$86,300K (-14.55%↓ Y/Y)Sales and marketing$97,700K (4.27%↑ Y/Y)Income before incometaxes$93,400K (-11.97%↓ Y/Y)Change in fair value ofcontingent consideration$800K Financing interestexpense, net of financial...$65,000K (8.51%↑ Y/Y)Depreciation andamortization$37,900K (15.55%↑ Y/Y)Processing costs$161,400K (-1.47%↓ Y/Y)Provision for creditlosses$21,500K (4.37%↑ Y/Y)Operating interest$28,700K (11.67%↑ Y/Y)Service fees$23,300K (12.02%↑ Y/Y)Net income$68,100K (-11.56%↓ Y/Y)Income tax expense$25,200K (-13.40%↓ Y/Y)