WEX Stock Income Statements

WEX Quarterly Income Statements Chart

Quarterly

Annual

Operating Profit

Net Income

WEX Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2024-09-30	2024-06-30	2023-12-31	2023-09-30	2022-12-31	2022-09-30	2022-06-30	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-07-01	2020-06-30	2020-03-31	2019-12-31	2019-07-01	2018-12-31	2018-07-01	2017-12-31	2017-09-30	2017-08-22	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

revenues
payment processing revenue	285,200,000	309,900,000	318,400,000	311,800,000	313,300,000	295,092,000	309,032,000	312,305,000	231,049,000	226,126,000	213,426,000	188,389,000										145,732,000	145,702,000		137,300,000	146,182,000	126,080,000																						48,364,750	70,091,000	65,604,000	57,764,000	56,963,000	59,871,000	53,794,000	44,992,000	56,236,000	83,685,000	86,909,000	70,611,000	69,339,000	66,987,000	66,973,000	54,194,000	50,736,000	59,256,000	57,693,000	46,956,000	46,527,000	50,271,000	41,809,000	34,809,000
account servicing revenue	177,900,000	174,600,000	168,600,000	171,300,000	161,500,000	153,381,000	138,324,000	137,638,000	137,514,000	137,724,000	132,997,000	118,623,000										78,032,000	71,322,000		60,242,000	58,815,000	47,433,000																						6,444,500	9,268,000	8,241,000	8,269,000	9,194,000	9,540,000	9,308,000	8,959,000	7,975,000	7,645,000	7,589,000	7,422,000	7,344,000	6,915,000	6,328,000	6,180,000	6,060,000	6,098,000	5,926,000	5,915,000	5,656,000	5,868,000	5,792,000	5,619,000
finance fee revenue	80,400,000	70,500,000	77,800,000	80,000,000	77,100,000	99,878,000	96,698,000	85,310,000	75,902,000	67,769,000	59,499,000	52,153,000										51,246,000	50,879,000		46,592,000	36,138,000	32,704,000
other revenue	116,100,000	110,500,000	108,700,000	100,200,000	99,500,000	70,259,000	72,075,000	62,984,000	53,073,000	51,145,000	53,561,000	51,592,000										56,295,000	56,099,000		46,705,000	46,621,000	27,719,000
total revenues	659,600,000	665,500,000	673,500,000	663,300,000	651,400,000	618,610,000	616,129,000	598,237,000	497,538,000	482,764,000	459,483,000	410,757,000										331,305,000	324,002,000		290,839,000	287,756,000	233,936,000	205,928,000	212,642,000	226,057,000	213,653,000	202,285,000	211,864,000	222,134,000	201,581,000	182,068,000	182,283,000	191,525,000	178,285,000	165,370,000	168,998,000	160,967,000	153,064,000	140,122,000	139,836,000	151,878,000	141,272,000	120,090,000	114,896,000	100,229,000	91,435,000	83,846,000	83,780,000	86,642,000	78,626,000	69,176,000	80,867,000	108,531,000	111,238,000	92,946,000	90,681,000	87,652,000	85,973,000	71,822,000	70,756,000	79,689,000	76,164,000	64,638,000	64,425,000	67,395,000	57,311,000	52,202,000
cost of services
processing costs	161,400,000	156,000,000	163,800,000	169,900,000	156,400,000	142,653,000	146,316,000	137,435,000	135,693,000	121,207,000	116,208,000	109,762,000
service fees	23,300,000	20,700,000	20,800,000	18,600,000	18,500,000	17,974,000	16,614,000	14,856,000	13,653,000	14,246,000	13,759,000	11,146,000										33,831,000	41,205,000		36,954,000	53,415,000	45,924,000	36,759,000	37,909,000	36,924,000	33,941,000	30,070,000	31,716,000	34,024,000	27,831,000	26,305,000	23,663,000	29,352,000	26,608,000	23,805,000	29,143,000	28,968,000	24,770,000	20,308,000	18,224,000	20,774,000	18,194,000	13,010,000	13,353,000	15,953,000	9,468,000	7,594,000	8,219,000	7,291,000	5,974,000	6,182,000	4,732,000	4,923,000	5,860,000	4,846,000	4,199,000	3,677,000	3,440,000	3,671,000	4,795,000	3,313,000	3,377,000	3,040,000	2,332,000	3,045,000	3,005,000	3,542,000
benefit from credit losses	21,500,000	9,700,000	20,600,000	12,300,000	9,400,000	58,041,000	54,030,000	42,186,000	12,966,000	14,127,000	12,962,000	5,059,000										13,221,000	19,614,000		13,499,000	9,489,000	6,443,000	3,917,000	8,293,000	6,635,000	3,983,000	3,914,000	8,990,000	7,261,000	6,803,000	9,090,000	6,514,000	5,015,000	4,915,000	3,756,000	7,665,000	5,647,000	4,184,000	5,043,000	7,063,000	8,677,000	6,128,000	5,659,000	7,194,000	3,882,000	2,851,000	5,911,000	5,246,000	5,667,000	2,567,000	4,235,000	14,477,000	9,325,000	10,823,000	10,396,000	7,963,000	3,300,000	3,043,000	6,263,000	5,477,000	4,998,000	2,302,000	3,918,000	1,610,000	2,326,000	1,940,000	2,937,000
operating interest	28,700,000	28,300,000	25,700,000	26,600,000	25,300,000	7,195,000	7,887,000	3,197,000	2,138,000	2,124,000	2,271,000	2,624,000
depreciation and amortization	37,900,000	34,600,000	32,800,000	28,500,000	25,500,000	25,969,000	27,265,000	26,633,000	28,293,000	28,226,000	26,451,000	29,194,000										53,296,000	51,229,000		50,270,000	46,008,000	23,109,000	22,264,000													12,647,750	27,877,000	11,397,000	11,317,000	11,725,000	11,767,000	10,908,000	10,969,000	11,531,000	6,752,000	5,737,000	5,873,000	5,988,000	5,359,000	5,338,000	5,245,000	5,481,000	5,216,000	4,935,000	4,491,000	4,456,000	3,922,000	3,338,000	3,302,000	3,048,000	2,734,000	2,692,000	2,514,000	2,736,000	2,526,000	2,684,000	1,972,000
total cost of services	272,700,000	249,200,000	263,800,000	255,900,000	235,100,000	251,832,000	252,112,000	224,307,000	192,743,000	179,930,000	171,651,000	157,785,000
general and administrative	86,300,000	92,100,000	101,000,000	116,300,000	116,600,000	95,250,000	86,506,000	83,482,000	81,418,000	79,486,000	79,543,000	86,431,000
sales and marketing	97,700,000	80,900,000	93,700,000	86,200,000	82,800,000	76,566,000	80,882,000	80,440,000	72,901,000	82,225,000	85,605,000	78,347,000
operating income	156,800,000	196,400,000	168,100,000	158,500,000	174,900,000	155,149,000	21,288,000	171,131,000	108,359,000	100,822,000	82,278,000	50,541,000										67,214,000	63,723,000		47,797,000	54,568,000	51,635,000	41,127,000	49,890,000	67,745,000	62,918,000	48,240,000	61,842,000	102,530,000	80,329,000	61,537,000	71,235,000	77,893,000	67,081,000	60,530,000	49,499,000	51,277,000	62,880,000	57,963,000	60,733,000	65,244,000	61,175,000	46,172,000	42,980,000	36,192,000	39,347,000	32,193,000	30,108,000	36,346,000	32,372,000	19,324,000	19,014,000	54,402,000	50,948,000	37,068,000	39,540,000	43,002,000	42,647,000	26,903,000	28,551,000	39,133,000	38,512,000	28,907,000	31,185,000	34,070,000	26,027,000	15,335,000
yoy	-10.35%	26.59%	689.65%	-7.38%	61.41%	53.88%	-74.13%	238.60%														23.17%	23.41%		-4.20%	-19.45%	-17.93%	-14.75%	-19.33%	-33.93%	-21.67%	-21.61%	-13.19%	31.63%	19.75%	1.66%	43.91%	51.91%	6.68%	4.43%	-18.50%	-21.41%	2.79%	25.54%	41.31%	80.27%	55.48%	43.42%	42.75%	-0.42%	21.55%	66.60%	58.35%	-33.19%	-36.46%	-47.87%	-51.91%	26.51%	19.46%	37.78%	38.49%	9.89%	10.74%	-6.93%	-8.45%	14.86%	47.97%	88.50%
qoq	-20.16%	16.84%	6.06%	-9.38%	12.73%	628.81%	-87.56%	57.93%	7.48%	22.54%	62.79%											5.48%			-12.41%	5.68%	25.55%	-17.56%	-26.36%	7.67%	30.43%	-21.99%	-39.68%	27.64%	30.54%	-13.61%	-8.55%	16.12%	10.82%	22.29%	-3.47%	-18.45%	8.48%	-4.56%	-6.91%	6.65%	32.49%	7.43%	18.76%	-8.02%	22.22%	6.93%	-17.16%	12.28%	67.52%	1.63%	-65.05%	6.78%	37.44%	-6.25%	-8.05%	0.83%	58.52%	-5.77%	-27.04%	1.61%	33.23%	-7.30%	-8.47%	30.90%	69.72%
operating margin %
financing interest expense, net of financial instruments	-65,000,000	-58,400,000	-59,900,000
change in fair value of contingent consideration	-800,000	-100,000	-1,700,000	-2,300,000	-3,200,000	-3,988,000	-30,300,000	-88,200,000	4,800,000	2,800,000	-47,700,000
net foreign currency gain	2,400,000	3,200,000						-19,408,000			1,342,000											-3,659,000	14,611,000		4,308,250	5,932,000	-4,823,000	16,124,000	-5,677,000	6,525,000	-2,161,000	-4,376,000
income before income taxes	93,400,000	141,100,000	106,100,000	108,400,000	44,400,000	124,467,000	-43,336,000	48,597,000	101,743,000	71,208,000	9,460,000	21,535,000										55,359,000	52,430,000		9,034,000	25,268,000	16,394,000	36,404,000	35,046,000	72,496,000	42,841,000	34,525,000	79,303,000	98,547,000	66,730,000	57,059,000	55,896,000	70,002,000	67,298,000	45,204,000	43,548,000	35,129,000	90,660,000	36,846,000	51,330,000	74,366,000	63,863,000	19,046,000	29,603,000	37,735,000	48,057,000	29,687,000	20,508,000	38,662,000	148,687,000	17,387,000	103,505,000	108,271,000	-39,404,000	23,393,000	84,791,000	36,828,000	28,435,000	13,083,000	30,759,000	53,679,000	14,337,000	17,701,000	41,694,000	-8,120,000	24,552,000	-30,253,000
income tax expense	25,200,000	38,200,000	29,100,000	19,675,000	26,000,000	14,327,250	809,000
net income	68,100,000	102,900,000	77,000,000	84,900,000	18,400,000	88,691,000	-44,145,000	34,129,000	50,860,000	51,868,000	10,206,000	23,205,000										79,594,000	33,860,000		3,139,000	19,203,000	11,912,000	23,221,000	21,397,000	41,782,000	26,400,000	20,033,000	47,239,000	73,850,000	42,849,000	36,080,000	33,891,000	43,778,000	42,052,000	28,577,000			30,335,000	23,236,000	32,792,000	48,100,000	40,615,000	12,115,000	18,468,000	20,571,000	30,036,000	18,554,000	12,129,000	23,363,000	93,190,000	10,977,000	65,151,000	72,344,000	-24,383,000	14,528,000	2,666,000	22,245,000	18,329,000	8,337,000	18,959,000	34,444,000	9,856,000	11,350,000	28,327,000	-6,185,000	14,984,000	-18,473,000
yoy	270.11%	16.02%	-274.43%	148.76%	-63.82%	70.99%	-532.54%	47.08%														314.49%	184.25%		-85.33%	-54.04%	-54.88%	15.91%	-54.70%	-43.42%	-38.39%	-44.48%	39.39%	68.69%	1.90%	26.26%			38.63%	22.99%			-25.31%	91.80%	77.56%	133.82%	35.22%	-34.70%	52.26%	-11.95%	-67.77%	69.03%	-81.38%	-67.71%	-482.19%	-24.44%	2343.77%	225.21%	-233.03%	74.26%	-85.94%	-35.42%	85.97%	-26.55%	-33.07%	-656.90%	-34.22%	-161.44%
qoq	-33.82%	33.64%	-9.31%	361.41%	-79.25%	-300.91%	-229.35%	-32.90%	-1.94%	408.21%	-56.02%											135.07%			-83.65%	61.21%	-48.70%	8.52%	-48.79%	58.27%	31.78%	-57.59%	-36.03%	72.35%	18.76%	6.46%	-22.58%	4.10%	47.15%				30.55%	-29.14%	-31.83%	18.43%	235.25%	-34.40%	-10.22%	-31.51%	61.88%	52.97%	-48.08%	-74.93%	748.96%	-83.15%	-9.94%	-396.70%	-267.83%	444.94%	-88.02%	21.37%	119.85%	-56.03%	-44.96%	249.47%	-13.16%	-59.93%	-558.00%	-141.28%	-181.11%
net income margin %
net income per share
basic	1.98	2.56	1.85
diluted	1.98	2.52	1.83
weighted-average common shares outstanding:
basic	34.3	40.3	41.7	42.8	42.9	44,398	44,229	44,790	44,718	44,861	44,788	44,343	43,842					43,316		43,156		42,977	43,014		40,809	42,788	38,806	38,756	38,771	38,745	38,739	38,859	38,890	38,867	38,856	38,966	38,946	38,978	38,934	38,888	38,840	38,793	38,883	38,820	38,686	38,747	38,722	38,516	38,486	38,374	38,830	38,334	38,303	38,217	38,418	38,339	38,885	38,831	38,857	39,312	40,042	39,990	39,995	40,347	40,373	40,362	40,331	40,245	40,194	40,194	40,186	40,185
diluted	34.4	40.8	42	43.3	43.4	44,724	44,229	45,077	45,312	45,279	44,788	44,343	43,842					43,769		43,574		43,105	43,101		40,914	42,871	38,857	38,850	38,843	38,808	38,799	38,952	39,000	38,961	38,946	39,145	39,103	39,081	39,039	39,187	39,092	38,995	39,084	39,123	38,998	38,951	38,947	38,872	39,052	38,779	39,136	39,122	39,364	39,351	39,517	39,177	39,787	39,730	38,857	40,275	40,751	41,060	41,084	41,069	41,553	41,538	41,086	40,983	40,735	40,194	41,072	40,185
loss on extinguishment of convertible notes					-70,100,000
net foreign currency loss			-400,000	-2,350,000	-7,800,000	15,145,000	-23,445,000		-964,000	-9,962,000		-2,755,000
impairment charges							136,486,000
financing interest expense				-30,600,000	-41,600,000	-34,762,000	-34,419,000	-31,820,000	-30,172,000	-32,493,000	-32,473,000	-33,284,000										-25,618,000	-25,754,000		-26,378,000	-35,064,000	-30,418,000	-21,558,000	-10,855,000	-11,330,000	-11,916,000	-12,088,000	-11,570,000	-9,840,000	-7,276,000	-7,356,000	-7,342,000	-7,369,000	-7,369,000	-7,339,000	-3,556,000	-2,302,000	-2,290,000	-2,285,000	-2,589,000	-3,100,000	-3,548,000	-2,439,000	-2,411,000	-1,484,000	-693,000	-726,000	-787,000	-1,355,000	-2,048,000	-2,020,000	-2,736,000	-3,006,000	-3,016,000	-3,101,000	-3,367,000	-3,179,000	-3,001,000	-3,130,000	-3,461,000	-3,592,000	-3,666,000	-3,728,000	-3,707,000	-3,740,000	-4,133,000	-1,386,000
net unrealized gain on financial instruments				-5,025,000	-7,800,000	-7,077,000	23,540,000	16,894,000	19,720,000	6,424,000	6,013,000	7,033,000
less: net income from non-controlling interests									-253,000	134,000	239,000	726,000
net income attributable to wex inc.				84,900,000	18,400,000	88,691,000	-44,145,000	34,129,000	51,113,000	51,734,000	9,967,000	22,479,000
change in value of redeemable non-controlling interest									-62,873,000	-3,416,000	-43,823,000	-25,044,000
net income attributable to shareholders				84,900,000	18,400,000	88,691,000	-44,145,000	34,129,000	-11,760,000	48,318,000	-33,856,000	-2,565,000
net income attributable to shareholders per share:
basic				2	0.43	2.01	-1	0.76	0.068	1.08	-0.76	-0.06
diluted				1.98	0.42	1.99	-1	0.76	0.065	1.07	-0.76	-0.06
other income										3,617,000
income tax benefit								14,468,000	50,883,000	19,340,000	-746,000	-1,670,000
loss on sale of subsidiary
adjusted net income or
asc													42,769.25
asu 2016–13 or													28,104.25
asu 2014–09 or													11,576.75
australian securitization subsidiary													13,078.75
b2b													95,529
codm
company													25,561
convertible notes													2,720.25
covid-19 or													3,070.75
discovery benefits													1,315.5
ebitda													6,550.5
enett													39,218
european securitization subsidiary													18,282.75
fasb													16,148
fdic													11,590.5
gaap													461.25
go fuel card													-10,237.5
ics													-196
indenture													943.5
nav													-9,028.75
net payment processing rate													5,400.5
notes													-14,429.25	400	400	400	400	100	400	100	400			400
noventis													311
nyse													-14,740.25
optal													-1,719.75
pavestone capital or													-16,460
payment processing fuel spend
payment processing transactions													-0.373
payment solutions purchase volume													-0.373
purchase volume
redeemable non-controlling interest													11,041.5
saas													11,041.5
sec
segment adjusted operating income
u.s. health business
wex latin america
wex
wex europe services
wex health
2017 tax act																		504.25	2,017	504.25	2,017
adjusted net income or ani
asu 2014–09
asu 2016–02
asu 2016–13
asu 2018–15
average expenditure per payment processing transaction
efs
nci
over-the-road
pavestone capital
ppg
total fuel transactions
aoc
asu 2016–01
asu 2016–18
asu 2017–07
transaction processing transactions
expenses
salary and other personnel																						101,727,000	92,321,000		79,520,000	76,706,000	66,662,000	63,410,000	59,882,000	57,174,000	59,091,000	58,417,000	58,089,000	55,392,000	43,426,000	43,902,000	42,328,000	41,469,000	40,647,000	40,077,000	35,879,000	28,823,000	29,963,000	28,715,000	25,118,000	27,388,000	26,410,000	25,694,000	23,551,000	23,746,000	20,447,000	19,620,000	20,331,000	18,680,000	18,259,000	17,853,000	16,931,000	14,604,000	18,316,000	17,118,000	16,964,000	16,222,000	15,699,000	16,129,000	15,230,000	15,236,000	15,196,000	14,354,000	14,356,000	13,463,000	13,450,000	18,717,000
restructuring																						340,000	4,639,000		-140,000	2,531,000	3,506,000	1,589,000	496,000	-45,000		8,559,000
technology leasing and support																						11,934,000	13,628,000		13,077,000	12,517,000	10,932,000	11,076,000	11,703,000	10,157,000	10,021,000	9,434,000	8,397,000	8,006,000	7,151,000	7,027,000	5,505,000	6,799,000	6,428,000	5,485,000	4,819,000	4,577,000	4,874,000	4,267,000	3,572,000	3,895,000	4,022,000	3,934,000	3,477,000	3,319,000	3,261,000	2,824,000	2,506,000	2,424,000	2,237,000	2,160,000	2,032,000	2,100,000	2,206,000	2,172,000	2,121,000	2,015,000	2,262,000	2,340,000	1,950,000	2,076,000	1,934,000	1,863,000	2,144,000	2,270,000	2,099,000	2,077,000
occupancy and equipment																						8,377,000	6,526,000		6,724,000	7,271,000	6,113,000	5,712,000	5,347,000	5,240,000	5,034,000	4,997,000	4,789,000	5,362,000	3,761,000	4,366,000	4,149,000	3,822,000	4,191,000	3,805,000	3,299,000	3,032,000	3,214,000	2,816,000	2,957,000	2,761,000	2,820,000	3,265,000	2,386,000	2,181,000	2,043,000	2,044,000	2,401,000	1,960,000	1,969,000	2,388,000	3,376,000	1,933,000	1,998,000	1,852,000	1,512,000	1,483,000	1,502,000	1,594,000	1,315,000	1,547,000	1,703,000	1,592,000	1,431,000	1,569,000	1,432,000	1,442,000
operating interest expense																						7,788,000	7,382,000		6,896,000	2,599,000	1,505,000	1,386,000	1,209,000	1,483,000	1,357,000	1,579,000	1,690,000	1,860,000	1,599,000	1,288,000	1,082,000	976,000	1,082,000	1,147,000	1,560,000	1,243,000	1,076,000	1,111,000	1,265,000	1,449,000	1,461,000	1,278,000	1,244,000	1,255,000	1,429,000	1,442,000	2,385,000	2,759,000	3,314,000	4,816,000	7,326,000	9,581,000	9,278,000	8,808,000	9,061,000	9,158,000	8,946,000	6,921,000	5,855,000	6,911,000	6,042,000	4,607,000	4,927,000	4,139,000	3,192,000	2,261,000
cost of hardware and equipment sold																						798,250	1,066,000		607,250	859,000	665,000	905,000	624,750	706,000	684,000	1,109,000	1,258,250	1,830,000	2,255,000	948,000	816,500	1,055,000	1,137,000	1,074,000	567,500	759,000	784,000	727,000	760,500	1,166,000	825,000	1,051,000	411,250	447,000	655,000	543,000	409,000	638,000	763,000	993,000
impairment charge																						4,043,750
other incomes																						17,337,750	22,669,000
total operating expenses																						264,091,000	260,279,000		243,042,000	233,188,000	182,301,000	164,801,000	162,752,000	158,312,000	150,735,000	154,045,000	150,022,000	119,604,000	121,252,000	120,531,000	111,048,000	113,632,000	111,204,000	104,840,000	119,499,000	109,690,000	90,184,000	82,159,000	79,103,000	86,634,000	80,097,000	73,918,000	71,916,000	64,037,000	52,088,000	51,653,000	53,672,000	50,296,000	46,254,000	49,852,000	61,853,000	54,129,000	60,290,000	55,878,000	51,141,000	44,650,000	43,326,000	44,919,000	42,205,000	40,556,000	37,652,000	35,731,000
net unrealized loss on interest rate swap agreements																						-212,250	-150,000
net realized and unrealized gain on fuel price derivatives																																	2,264,250	14,773,000	-7,561,000	1,845,000					-3,011,500	-14,026,000			-1,247,750	13,952,000	6,232,000		952,250	-3,774,000	9,363,000						-7,969,000	66,034,000
non-cash adjustments related to tax receivable agreement																									-395,000	-168,000			408,500	1,634,000
income taxes																						-24,235,000	18,570,000		5,895,000	6,065,000	4,482,000	13,183,000	13,649,000	30,714,000	16,441,000	14,492,000	32,064,000	24,697,000	23,881,000	20,979,000	22,005,000	26,224,000	25,246,000	16,627,000	14,694,000	20,845,000			18,538,000	26,266,000	23,248,000		11,135,000	17,164,000	18,021,000		8,379,000	15,299,000	55,497,000		38,354,000	35,927,000	-15,021,000
less: net income from non-controlling interest																						-221,500	-111,000
net earnings attributable to shareholders																						79,804,000	33,971,000		5,287,000	19,696,000			20,901,000	32,166,000
net earnings attributable to wex inc. per share:
basic																						1.86	0.79		0.11	0.46	0.32	0.6	0.54	0.83	0.68	0.58	1.23	1.92	1.12	0.94	0.88	1.12	1.08	0.74	0.75	0.37
diluted																						1.85	0.79		0.1	0.46	0.32	0.59	0.54	0.83	0.68	0.57	1.22	1.91	1.11	0.93	0.89	1.12	1.08	0.73	0.74	0.37
2016 credit agreement
asu 2014-09
asu 2016-09
asu 2017-07
esso portfolio in europe
evolution1
ticking fees
unik
other																									-587,000	21,793,000	17,442,000	17,783,000	-14,028,000	19,260,000	15,865,000	15,794,000	-9,211,000	13,438,000	13,250,000	12,587,000	-10,936,000	10,984,000	11,695,000	11,084,000	-8,822,000	8,764,000	9,922,000	7,855,000	-10,172,000	8,757,000	9,329,000	9,058,000	-3,230,000	6,517,000	4,119,000	4,564,000	3,081,000	3,193,000	2,938,000	2,799,000	435,000	3,766,000	4,066,000	3,282,000	2,834,000	2,836,000	2,454,000	2,407,000	3,973,000	3,477,000	2,959,000	2,319,000	2,648,000	2,587,000	2,370,000	4,472,000
gain on divestiture																													-303,750			-1,215,000
net realized and unrealized gain on fuel price derivative instruments																									177,750			711,000	1,167,750	7,922,000		2,749,000
less: net gain attributable to non-controlling interests																									-253,250	-493,000		135,000	-550,250	203,000
net earnings attributable to wex inc.																									5,287,000	19,696,000	12,567,000	23,086,000	20,901,000	41,579,000	26,492,000	22,345,000	47,893,000	74,443,000	43,333,000	36,542,000	34,468,000	43,838,000	42,213,000	28,689,000	29,053,000	14,298,000
accretion of non-controlling interest																														-9,413,000
net earnings attributable to shareholders per share:
basic																						1.86	0.79		0.11	0.46	0.32	0.6	0.54	0.83	0.68	0.58	1.23	1.92	1.12	0.94	0.88	1.12	1.08	0.74	0.75	0.37
diluted																						1.85	0.79		0.1	0.46	0.32	0.59	0.54	0.83	0.68	0.57	1.22	1.91	1.11	0.93	0.89	1.12	1.08	0.73	0.74	0.37
less: net income attributable to non-controlling interests																											-655,000				-92,000	-2,312,000	-384,750	-593,000	-484,000	-462,000
fleet payment solutions																													101,170,500	140,672,000	135,520,000	128,490,000	136,409,000	144,497,000	145,828,000	135,435,000	133,471,000	136,874,000	131,040,000	126,039,000	128,882,000	117,877,000	114,685,000	109,147,000	107,468,000	117,054,000	113,648,000	98,534,000
other payment solutions																													59,328,250	85,385,000	78,133,000	73,795,000	75,455,000	77,637,000	55,753,000	46,633,000	48,812,000	54,651,000	47,245,000	39,331,000	40,116,000	43,090,000	38,379,000	30,975,000	32,368,000	34,824,000	27,624,000	21,556,000
depreciation, amortization and impairment																													15,731,000	20,778,000	20,759,000	21,387,000	12,448,500	19,600,000	15,176,000	15,018,000	10,817,000	14,160,000	14,501,000	14,607,000
net realized and unrealized loss on fuel price derivative instruments																															-6,000,000
gain on sale of subsidiary																																	-321,000	-27,169,000
net gain on foreign currency transactions																																	-1,322,250	-7,560,000	1,238,000	1,033,000
increase in amount due under tax receivable agreement																																	25,000	-1,356,000															-53,500	-214,000			-29,000
gain on foreign currency transactions																																					427,000	2,968,000			-78,000	180,000	-472,000	-20,000	-90,750	-855,000	4,000	488,000	1,764,500	7,015,000	40,000
net realized and unrealized loss on fuel price derivatives																																					-695,250	-3,640,000
decrease in tax refund due to former shareholders of rd card holdings australia																																											9,750,000
decrease in amount due under tax receivable agreement																																					37,500	150,000
less: net income from noncontrolling interest																																					-83,250	-60,000	-161,000	-112,000
loss on foreign currency transactions																																							-1,028,000	-232,000													-12,000	-16,000	-12,000
net realized and unrealized gains on fuel price derivatives																																							8,614,000				20,792,000									-1,780,000	-8,772,000	3,687,000		653,000
net realized and unrealized losses on fuel price derivatives																																								-7,755,000				-18,812,000				-25,175,000							-18,110,000				-87,336,000	-10,574,000
decrease in tax refund due to former shareholder of rd card holdings australia
net income before noncontrolling interest																																									16,963,750	14,284,000
less: net earnings from noncontrolling interest																																									-3,500	-14,000
changes in available-for-sale securities, net of tax effect of 27 and 68 in 2012 and 57 and 90 in 2011																																									28,500	44,000
changes in interest rate swaps, net of tax effect of — and 35 in 2012 and 65 and 146 in 2011																																									15,000
foreign currency translation																																									1,797,250	9,006,000	-9,819,000		-2,851,750	-29,888,000	10,798,000		3,364,250	13,990,000	-335,000	-198,000	5,750	197,000	-150,000	-24,000	-5,750	-15,000	2,000	-10,000	3,250	13,000
comprehensive income attributable to wex inc.																																									18,808,000	23,348,000
benefit from income taxes																																											60,325,000	13,610,000				6,931,000				11,133,000				6,410,000				8,865,000	82,125,000	14,583,000	10,106,000	4,746,000
other comprehensive income
changes in available-for-sale securities, net of tax effect of 51 and 41 in 2012 and 39 and 33 in 2011																																											86,000
changes in interest rate swaps, net of tax effect of — and 35 in 2012 and 40 and 81 in 2011
total other comprehensive income																																											20,602,000	31,282,000
earnings per share:
basic																																											0.78	0.6	0.84	1.24	1.05	0.31	0.48	0.54	0.77	0.48	0.32	0.61	2.43	0.29	1.68	1.86	-0.63	0.37	0.07	0.56	0.46	0.21	0.47	0.85	0.24	0.28	0.7	-0.15	0.37	-0.46
diluted																																											0.78	0.59	0.84	1.23	1.04	0.31	0.48	0.53	0.77	0.48	0.3	0.6	2.36	0.28	1.65	1.82	-0.63	0.36	0.07	0.55	0.45	0.2	0.47	0.83	0.24	0.28	0.7	-0.15	0.37	-0.46
changes in available-for-sale securities, net of tax effect of (10) in 2012 and in 2011																																												-16,000
changes in interest rate swaps, net of tax effect of 35 in 2012 and 41 in 2011																																												60,000
foreign currency translation, net of tax effect of (28) in 2012 and 37 in 2011																																												8,002,000
(increase) in amount due under tax receivable agreement																																													-218,750	-875,000
changes in available-for-sale securities, net of tax effect of 57 and 90 in 2011 and 15 and 74 in 2010																																													36,000	88,000
changes in interest rate swaps, net of tax effect of 65 and 146 in 2011 and (144) and (200) in 2010																																													63,000	113,000
comprehensive income																																													22,454,750	18,413,000	51,550,000	19,856,000	20,599,750	34,330,000	29,796,000	18,273,000	32,310,750	23,805,000	93,728,000	11,710,000	15,697,750	72,843,000	-23,440,000	13,388,000	12,010,750	21,698,000	18,173,000	8,172,000	13,836,250	34,209,000	9,781,000	11,355,000
changes in available-for-sale securities, net of tax effect of 39 and 33 in 2011 and 41 and 59 in 2010																																															68,000
changes in interest rate swaps, net of tax effect of 40 and 81 in 2011 and 13 and (56) in 2010																																															69,000
changes in available-for-sale securities, net of tax effect of in 2011 and 18 in 2010																																																-12,000
changes in interest rate swaps, net of tax effect of 41 in 2011 and (69) in 2010																																																70,000
foreign currency translation, net of tax effect of 37 in 2011 and 0 in 2010																																																7,683,000
service revenues
transaction processing revenue																																																	3,159,250	4,236,000	4,242,000	4,159,000	4,333,000	4,538,000	4,363,000	4,298,000	4,778,000	5,326,000	5,255,000	3,980,000	3,641,000	3,684,000	3,652,000	3,475,000	4,274,000	4,701,000	4,343,000	4,210,000	4,215,000	4,526,000	4,288,000	4,107,000
finance fees																																																	6,631,500	9,640,000	8,502,000	8,384,000	9,683,000	8,790,000	7,279,000	7,064,000	7,864,000	8,109,000	7,419,000	7,651,000	7,523,000	7,230,000	6,566,000	5,566,000	5,713,000	6,157,000	5,243,000	5,238,000	5,379,000	4,143,000	3,052,000	3,195,000
total service revenues																																																	68,400,000	99,752,000	90,708,000	83,140,000	83,254,000	85,932,000	77,682,000	68,112,000
product revenues
hardware and equipment sales																																																	477,500	477,000	727,000	706,000	526,000	710,000	944,000	1,064,000
gain on settlement of portion of amounts due under tax receivable agreement																																																							136,485,000
changes in available-for-sale securities, net of tax effect of 15 and 74 in 2010 and 42 and 63 in 2009																																																	31,250	17,000
changes in interest rate swaps, net of tax effect of (144) and (200) in 2010 and 96 and 912 in 2009																																																	-86,000	-248,000
changes in available-for-sale securities, net of tax effect of 41 and 59 in 2010 and (11) and 21 in 2009																																																			74,000
changes in interest rate swaps, net of tax effect of 13 and (56) in 2010 and 410 and 816 in 2009																																																			21,000
changes in available-for-sale securities, net of tax effect of 18 in 2010 and 32 in 2009																																																				34,000
changes in interest rate swaps, net of tax effect of (69) in 2010 and 406 in 2009																																																				-117,000
see notes to condensed consolidated financial statements.
changes in available-for-sale securities, net of tax effect of 42 and 63 in 2009 and 10 and (24) in 2008																																																					28,750	78,000
changes in interest rate swaps, net of tax effect of 96 and 912 in 2009 and 277 and 210 in 2008																																																					393,750	167,000
changes in available-for-sale securities, net of tax effect of (11) and 21 in 2009 and (62) and (34) in 2008																																																							-20,000
changes in interest rate swaps, net of tax effect of 410 and 816 in 2009 and 589 and (67) in 2008																																																							708,000
increase in amount due to avis under tax receivable agreement																																																								-570,000	145,000	-9,159,000
changes in available-for-sale securities, net of tax effect of 32 in 2009 and 28 in 2008																																																								57,000
changes in interest rate swaps, net of tax effect of 406 in 2009 and (656) in 2008																																																								700,000
loss on extinguishment of debt																																																															-1,572,000
changes in available-for-sale securities, net of tax effect of 10 and (24) in 2008 and 34 and (14) in 2007																																																									-10,500	19,000
changes in interest rate swaps, net of tax effect of 277 and 210 in 2008 and (431) and (593) in 2007																																																									91,750	495,000
decrease in amount due to avis under tax receivable agreement																																																													77,198,000	1,706,000
changes in available-for-sale securities, net of tax effect of (62) and (34) in 2008 and (53) and (48) in 2007																																																											-113,000
changes in interest rate swaps, net of tax effect of 589 and (67) in 2008 and (42) and (162) in 2007																																																											1,054,000
changes in available-for-sale securities, net of tax effect of 28 in 2008 and 5 in 2007																																																												52,000
changes in interest rate swaps, net of tax effect of (656) in 2008 and (120) in 2007																																																												-1,182,000
net realized and unrealized gains on derivative instruments																																																													-6,257,500	-4,701,000			-2,462,250	18,138,000	-20,509,000
changes in available-for-sale securities, net of tax effect of 34 and (14) in 2007 and 50 and (12) in 2006																																																													-6,250	62,000
changes in interest rate swaps, net of tax effect of (431) and (593) in 2007 and (169) and (132) in 2006																																																													-214,000	-622,000
net realized and unrealized losses on derivative instruments																																																															-9,639,000	-10,690,000				-7,478,000
change in net unrealized loss on available-for-sale securities, net of tax effect of (53) and (48) in 2007 and (21) and (62) in 2006																																																															-95,000
change in net unrealized gain on interest rate swaps, net of tax effect of (42) and (162) in 2007 and (49) and 37 in 2006																																																															-61,000
change in net unrealized loss on available-for-sale securities, net of tax effect of 5 in 2007 and (41) in 2006																																																																8,000
change in net unrealized gain on interest rate swaps, net of tax effect of (120) in 2007 and 86 in 2006																																																																-173,000
benefit for income taxes																																																																	7,516,750	19,235,000	4,481,000	6,351,000	-1,036,750	-1,935,000	9,568,000	-11,780,000
change in net unrealized loss on available-for-sale securities, net of tax effect of 50 and (12) in 2006 and (22) and (25) in 2005																																																																	-4,750	99,000
change in net unrealized gain on interest rate swaps, net of tax effect of (169) and (132) in 2006																																																																	-71,500	-334,000
and 262 and 270 in 2005
change in net unrealized loss on available-for-sale securities, net of tax effect of (21) and (62) in 2006 and 27 and in 2005																																																																			-55,000
change in net unrealized gain on interest rate swaps, net of tax effect of (49) and 37 in 2006 and 8 and 8 in 2005																																																																			-20,000
change in net unrealized loss on available-for-sale securities, net of tax effect of (41) in 2006 and (30) in 2005																																																																				-63,000
change in net unrealized gain on interest rate swaps, net of tax effect of 86 in 2006																																																																				68,000
operating interest income
total expenses																																																																					25,369,000	33,325,000	31,284,000	36,867,000
realized and unrealized losses on derivative instruments																																																																					-19,998,500	-38,450,000		-44,202,000
earnings per share
basic																																											0.78	0.6	0.84	1.24	1.05	0.31	0.48	0.54	0.77	0.48	0.32	0.61	2.43	0.29	1.68	1.86	-0.63	0.37	0.07	0.56	0.46	0.21	0.47	0.85	0.24	0.28	0.7	-0.15	0.37	-0.46
diluted																																											0.78	0.59	0.84	1.23	1.04	0.31	0.48	0.53	0.77	0.48	0.3	0.6	2.36	0.28	1.65	1.82	-0.63	0.36	0.07	0.55	0.45	0.2	0.47	0.83	0.24	0.28	0.7	-0.15	0.37	-0.46
weighted-average common shares outstanding
basic	34.3	40.3	41.7	42.8	42.9	44,398	44,229	44,790	44,718	44,861	44,788	44,343	43,842					43,316		43,156		42,977	43,014		40,809	42,788	38,806	38,756	38,771	38,745	38,739	38,859	38,890	38,867	38,856	38,966	38,946	38,978	38,934	38,888	38,840	38,793	38,883	38,820	38,686	38,747	38,722	38,516	38,486	38,374	38,830	38,334	38,303	38,217	38,418	38,339	38,885	38,831	38,857	39,312	40,042	39,990	39,995	40,347	40,373	40,362	40,331	40,245	40,194	40,194	40,186	40,185
diluted	34.4	40.8	42	43.3	43.4	44,724	44,229	45,077	45,312	45,279	44,788	44,343	43,842					43,769		43,574		43,105	43,101		40,914	42,871	38,857	38,850	38,843	38,808	38,799	38,952	39,000	38,961	38,946	39,145	39,103	39,081	39,039	39,187	39,092	38,995	39,084	39,123	38,998	38,951	38,947	38,872	39,052	38,779	39,136	39,122	39,364	39,351	39,517	39,177	39,787	39,730	38,857	40,275	40,751	41,060	41,084	41,069	41,553	41,538	41,086	40,983	40,735	40,194	41,072	40,185
realized and unrealized gains on derivative instruments																																																																							2,658,000

We provide you with 20 years income statements for WEX stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of WEX stock. Explore the full financial landscape of WEX stock with our expertly curated income statements.

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