WEX Inc. (WEX) Financial Statements (2026 and earlier)

Company Profile

Business Address 1 HANCOCK STREET
PORTLAND, ME 04101
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,2394,3613,9982,3171,538862
Cash and cash equivalent906596976922589852
Short-term investments4,3333,7653,0221,39594910
Receivables12411012914312593
Disposal group, including discontinued operation  3    
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss✕✕✕3,102  ✕
Other undisclosed current assets4,3514,0421,7064,3573,6372,548
Total current assets:9,7138,5168,9356,8175,3003,503
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization254261243202180188
Long-term investments and receivables9481674840 
Long-term investments9481674840 
Intangible asset, including goodwill, after accumulated amortization4,1044,2434,4744,2024,5514,240
Goodwill3,0152,9833,0162,7292,9082,688
Intangible asset, excluding goodwill, after accumulated amortization1,0881,2601,4591,4741,6431,552
Deferred income tax assets17181413618
Other noncurrent assets218203149246231197
Other undisclosed noncurrent assets (0)   37
Total noncurrent assets:4,6874,8064,9474,7125,0074,681
TOTAL ASSETS:14,40013,32213,88211,52910,3078,183
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue    3,1452,026911
Debt1,3261,2931,041203156153
Other liabilities     5158
Other undisclosed current liabilities7,9607,0347,4782,9472,1671,618
Total current liabilities:9,2878,3278,5196,2944,4002,741
Noncurrent Liabilities
Long-term debt and lease obligation3,5323,0822,8282,5222,6952,874
Long-term debt, excluding current maturities3,5323,0822,8282,5222,6952,874
Liabilities, other than long-term debt3464236511,0631,119533
Deferred revenue    334652149
Deferred income tax liabilities187146130142193220
Other liabilities159278456587274165
Operating lease, liability   66   
Other undisclosed noncurrent liabilities  064   
Total noncurrent liabilities:3,8783,5063,5423,5863,8143,407
Total liabilities:13,16511,83312,0629,8808,2146,148
Temporary equity, including noncontrolling interest     254117
Equity
Equity, attributable to parent, including:1,2351,4891,8211,6501,8391,905
Common stock111000
Treasury stock, value(2,218)(1,416)(761)(463)(172)(172)
Additional paid in capital1,2091,1501,053928844873
Accumulated other comprehensive loss(128)(312)(229)(306)(123)(83)
Retained earnings2,3712,0671,7571,4911,2891,287
Other undisclosed equity, attributable to parent  0    
Equity, attributable to noncontrolling interest      13
Total equity:1,2351,4891,8211,6501,8391,918
TOTAL LIABILITIES AND EQUITY:14,40013,32213,88211,52910,3078,183

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues2,6612,6282,5482,3511,8511,560
Cost of revenue(1,101)(1,038)(973)(930)(702)(673)
Cost of product and service sold(817)(782)(726)(665)(595)(524)
Provision for loan, lease, and other losses(78)(68)(90)(180)  
Gross profit:1,5601,5901,5751,4201,148887
Operating expenses(896)(904)(928)(950)(806)(770)
Other undisclosed operating income (loss) (0)0   (209)
Operating income (loss):664686647470342(92)
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)		(0)(26)5(23)(12)(26)
Interest and debt expense   (70)(131)(128)(157)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (27)
Income (loss) from continuing operations before equity method investments, income taxes:664660582316201(301)
Other undisclosed income (loss) from continuing operations before income taxes(244)(242)(213)(56)3 
Income (loss) from continuing operations before income taxes:420418369261204(301)
Income tax expense (benefit)(116)(108)(102)(93)(68)21
Income (loss) from continuing operations:304310267167136(280)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕136(280)
Other undisclosed net income      
Net income (loss):304310267167136(280)
Net loss attributable to noncontrolling interest    (0)(1)(3)
Net income (loss) attributable to parent:304310267167135(284)
Preferred stock dividends and other adjustments    34(135)40
Net income (loss) available to common stockholders, diluted:3043102672010(244)

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):304310267167136(280)
Other comprehensive income (loss)  (83)77(184)(38) 
Other undisclosed comprehensive income      28
Comprehensive income (loss):304227344(16)99(253)
Comprehensive loss, net of tax, attributable to noncontrolling interest    (0)(1)(4)
Other undisclosed comprehensive income, net of tax, attributable to parent184     
Comprehensive income (loss), net of tax, attributable to parent:488227344(17)98(257)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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