Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $1.25B | $997M | $1.21B | $1.13B | $1.35B | $1.69B | $1.84B | $1.87B | $1.85B |
| Revenue growth | — | 23.3% | -20.2% | 21.1% | -6.5% | 19.2% | 25.6% | 8.8% | 1.6% | -1.2% |
| Operating income | $159M | $233M | $381M | $386M | -$91.7M | $342M | $470M | $647M | $686M | $664M |
| Operating margin | 15.7% | 18.7% | 38.2% | 32.0% | -8.1% | 25.4% | 27.8% | 35.2% | 36.8% | 36.0% |
| Net income | $60.6M | $160M | $168M | $156M | -$284M | $135M | $167M | $267M | $310M | $304M |
| Net margin | 6.0% | 12.8% | 16.9% | 12.9% | -25.2% | 10.1% | 9.9% | 14.5% | 16.6% | 16.5% |
| EPS (diluted) | $0.57 | $3.71 | $3.86 | $2.26 | -$5.56 | $0.00 | $4.50 | $6.16 | $7.50 | $8.47 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$141M | $135M | $400M | $663M | $737M | -$42.6M | $679M | $908M | $481M | $454M |
| Capital expenditures | $61.8M | $79.3M | $87.2M | $103M | $80.5M | $86.0M | $113M | $144M | $147M | $141M |
| Free cash flow | -$203M | $56.2M | $313M | $560M | $656M | -$129M | $567M | $764M | $334M | $314M |
| Share buybacks | $0.00 | $0.00 | — | — | $0.00 | $0.00 | $283M | $303M | $652M | $750M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $191M | $504M | $541M | $811M | $852M | $589M | $922M | $976M | $596M | $906M |
| Total assets | $6.00B | $6.69B | $6.77B | $8.30B | $8.18B | $10.3B | $11.5B | $13.9B | $13.3B | $14.4B |
| Total liabilities | $4.49B | $5.06B | $4.97B | $6.21B | $6.15B | $8.21B | $9.88B | $12.1B | $11.8B | $13.2B |
| Long-term debt | — | $2.03B | $2.13B | $2.69B | $2.87B | $2.70B | $2.52B | $2.83B | $3.08B | $3.53B |
| Shareholders' equity | $1.50B | $1.62B | $1.79B | $1.93B | $1.90B | $1.84B | $1.65B | $1.82B | $1.49B | $1.23B |
| Retained earnings | $1.13B | $1.31B | $1.48B | $1.54B | $1.54B | $1.29B | $1.49B | $1.76B | $2.07B | $2.37B |
| Shares (wtd avg diluted) | 40.9M | 43.1M | 43.6M | 43.8M | 43.8M | 45.3M | 44.7M | 43.3M | 41.3M | 35.9M |
Every figure is extracted from WEX Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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