Wex Historical Income Statement

WEX Stock

USD 216.58 1.55 0.72%

Historical analysis of Wex income statement accounts such as Depreciation And Amortization of 290 M, Interest Expense of 165 M, Selling General Administrative of 761.3 M or Selling And Marketing Expenses of 344.2 M can show how well Wex Inc performed in making a profits. Evaluating Wex income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Wex's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Wex Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Wex Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

About Wex Income Statement Analysis

Wex Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Wex shareholders. The income statement also shows Wex investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Wex Income Statement Chart

Wex Inc Income Statement is one of the three primary financial statements used for reporting Wex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Wex Inc revenue and expense. Wex Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Wex's Minority Interest is fairly stable compared to the past year. Interest Income is likely to rise to about 126.8 M in 2024, whereas Total Revenue is likely to drop slightly above 1.1 M in 2024.

Depreciation And Amortization Selling General Administrative Selling And Marketing Expenses Gross Profit Cost Of Revenue

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Wex Inc minus its cost of goods sold. It is profit before Wex operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cost Of Revenue

Cost of Revenue is found on Wex Inc income statement and represents the costs associated with goods and services Wex provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from Wex's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Wex Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

	2021	2023	2024 (projected)
Interest Expense	128.4M	157.2M	165.0M
Depreciation And Amortization	164.1M	276.2M	290.0M

Interest Expense Depreciation And Amortization

Wex income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.8	0.85	0.77	0.11	0.09	0.9	-0.18	-0.17	-0.05	0.9	0.87	-0.36	-0.4	-0.2	-0.04	0.84	0.26	0.18	-0.2	0.06	0.15	0.35	-0.75	0.17	-0.66
Interest Expense	0.8		0.78	0.89	0.16	0.15	0.76	-0.26	-0.24	-0.07	0.72	0.7	-0.51	-0.64	-0.45	-0.41	0.76	-0.07	0.19	-0.16	-0.09	-0.23	0.66	-0.68	0.33	-0.45
Selling General Administrative	0.85	0.78		0.85	-0.26	-0.23	0.77	-0.5	-0.5	-0.42	0.72	0.93	-0.4	-0.4	-0.33	0.03	0.8	0.31	0.1	-0.15	-0.04	0.21	0.33	-0.82	0.42	-0.81
Selling And Marketing Expenses	0.77	0.89	0.85		0.16	0.19	0.73	-0.17	-0.16	-0.02	0.65	0.7	-0.3	-0.65	-0.29	-0.11	0.81	0.08	0.05	-0.18	-0.18	0.04	0.49	-0.65	0.17	-0.44
Total Revenue	0.11	0.16	-0.26	0.16		0.99	0.28	0.86	0.87	0.94	0.27	-0.18	0.07	-0.32	0.2	-0.35	0.23	-0.31	0.06	-0.17	-0.19	-0.29	0.4	0.13	-0.46	0.54
Gross Profit	0.09	0.15	-0.23	0.19	0.99		0.27	0.87	0.88	0.95	0.24	-0.17	0.12	-0.32	0.24	-0.31	0.23	-0.27	0.03	-0.17	-0.21	-0.24	0.38	0.14	-0.48	0.54
Other Operating Expenses	0.9	0.76	0.77	0.73	0.28	0.27		0.0	0.0	0.07	0.98	0.89	-0.45	-0.4	-0.2	-0.21	0.88	0.18	0.17	-0.3	-0.12	0.0	0.57	-0.78	0.24	-0.59
Operating Income	-0.18	-0.26	-0.5	-0.17	0.86	0.87	0.0		1.0	0.95	0.01	-0.39	0.47	0.09	0.59	0.03	-0.09	-0.01	-0.16	-0.16	-0.1	0.03	0.06	0.43	-0.61	0.62
Ebit	-0.17	-0.24	-0.5	-0.16	0.87	0.88	0.0	1.0		0.96	0.02	-0.39	0.46	0.1	0.59	-0.01	-0.1	-0.01	-0.12	-0.1	-0.09	0.0	0.07	0.44	-0.61	0.62
Ebitda	-0.05	-0.07	-0.42	-0.02	0.94	0.95	0.07	0.95	0.96		0.08	-0.36	0.36	-0.09	0.46	-0.12	0.01	-0.14	-0.04	-0.09	-0.08	-0.1	0.14	0.37	-0.63	0.64
Cost Of Revenue	0.9	0.72	0.72	0.65	0.27	0.24	0.98	0.01	0.02	0.08		0.87	-0.42	-0.32	-0.16	-0.17	0.84	0.21	0.18	-0.29	-0.05	0.02	0.52	-0.75	0.23	-0.59
Total Operating Expenses	0.87	0.7	0.93	0.7	-0.18	-0.17	0.89	-0.39	-0.39	-0.36	0.87		-0.47	-0.26	-0.27	-0.03	0.81	0.35	0.12	-0.22	-0.05	0.17	0.39	-0.85	0.45	-0.86
Income Before Tax	-0.36	-0.51	-0.4	-0.3	0.07	0.12	-0.45	0.47	0.46	0.36	-0.42	-0.47		0.64	0.92	0.68	-0.49	0.61	-0.25	0.25	-0.06	0.61	-0.66	0.72	-0.7	0.35
Total Other Income Expense Net	-0.4	-0.64	-0.4	-0.65	-0.32	-0.32	-0.4	0.09	0.1	-0.09	-0.32	-0.26	0.64		0.73	0.46	-0.65	0.66	-0.1	0.32	0.0	0.4	-0.65	0.61	-0.32	0.02
Net Income	-0.2	-0.45	-0.33	-0.29	0.2	0.24	-0.2	0.59	0.59	0.46	-0.16	-0.27	0.92	0.73		0.58	-0.37	0.72	-0.15	0.24	-0.07	0.57	-0.55	0.61	-0.66	0.24
Income Tax Expense	-0.04	-0.41	0.03	-0.11	-0.35	-0.31	-0.21	0.03	-0.01	-0.12	-0.17	-0.03	0.68	0.46	0.58		-0.13	0.68	-0.38	-0.06	0.04	0.94	-0.7	0.2	-0.3	-0.11
Research Development	0.84	0.76	0.8	0.81	0.23	0.23	0.88	-0.09	-0.1	0.01	0.84	0.81	-0.49	-0.65	-0.37	-0.13		0.0	0.23	-0.29	-0.21	0.03	0.53	-0.89	0.26	-0.52
Net Income From Continuing Ops	0.26	-0.07	0.31	0.08	-0.31	-0.27	0.18	-0.01	-0.01	-0.14	0.21	0.35	0.61	0.66	0.72	0.68	0.0		-0.11	0.17	-0.02	0.76	-0.46	0.07	-0.21	-0.46
Non Recurring	0.18	0.19	0.1	0.05	0.06	0.03	0.17	-0.16	-0.12	-0.04	0.18	0.12	-0.25	-0.1	-0.15	-0.38	0.23	-0.11		0.73	-0.04	-0.35	-0.01	-0.24	0.16	-0.04
Non Operating Income Net Other	-0.2	-0.16	-0.15	-0.18	-0.17	-0.17	-0.3	-0.16	-0.1	-0.09	-0.29	-0.22	0.25	0.32	0.24	-0.06	-0.29	0.17	0.73		0.05	-0.11	-0.42	0.29	-0.09	0.11
Minority Interest	0.06	-0.09	-0.04	-0.18	-0.19	-0.21	-0.12	-0.1	-0.09	-0.08	-0.05	-0.05	-0.06	0.0	-0.07	0.04	-0.21	-0.02	-0.04	0.05		0.01	-0.06	0.0	0.33	-0.08
Tax Provision	0.15	-0.23	0.21	0.04	-0.29	-0.24	0.0	0.03	0.0	-0.1	0.02	0.17	0.61	0.4	0.57	0.94	0.03	0.76	-0.35	-0.11	0.01		-0.6	0.08	-0.24	-0.2
Interest Income	0.35	0.66	0.33	0.49	0.4	0.38	0.57	0.06	0.07	0.14	0.52	0.39	-0.66	-0.65	-0.55	-0.7	0.53	-0.46	-0.01	-0.42	-0.06	-0.6		-0.55	0.47	-0.15
Net Interest Income	-0.75	-0.68	-0.82	-0.65	0.13	0.14	-0.78	0.43	0.44	0.37	-0.75	-0.85	0.72	0.61	0.61	0.2	-0.89	0.07	-0.24	0.29	0.0	0.08	-0.55		-0.61	0.72
Reconciled Depreciation	0.17	0.33	0.42	0.17	-0.46	-0.48	0.24	-0.61	-0.61	-0.63	0.23	0.45	-0.7	-0.32	-0.66	-0.3	0.26	-0.21	0.16	-0.09	0.33	-0.24	0.47	-0.61		-0.44
Extraordinary Items	-0.66	-0.45	-0.81	-0.44	0.54	0.54	-0.59	0.62	0.62	0.64	-0.59	-0.86	0.35	0.02	0.24	-0.11	-0.52	-0.46	-0.04	0.11	-0.08	-0.2	-0.15	0.72	-0.44

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Wex Account Relationship Matchups

Wex income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	143.3M	157.3M	164.1M	294.5M	276.2M	290.0M
Interest Expense	105.0M	134.7M	157.1M	128.4M	157.2M	165.0M
Selling General Administrative	209.3M	275.8M	292.1M	326.9M	725.0M	761.3M
Selling And Marketing Expenses	229.2M	259.9M	266.7M	319.1M	327.8M	344.2M
Total Revenue	1.7B	1.6B	1.9B	2.4B	1.2M	1.1M
Gross Profit	1.1B	886.7M	1.1B	1.4B	1.2M	1.1M
Other Operating Expenses	1.3B	1.4B	1.5B	1.7B	1.9B	2.0B
Operating Income	385.8M	171.1M	342M	469.8M	14.8M	14.1M
Ebit	385.8M	171.1M	342M	469.8M	14.8M	14.1M
Ebitda	529.2M	328.4M	506.1M	764.3M	14.8M	14.1M
Cost Of Revenue	659.8M	673.2M	702.1M	930.5M	969.2M	1.0B
Total Operating Expenses	678.1M	716.1M	806.4M	813.7M	1.9B	2.0B
Income Before Tax	238.6M	216.5M	(301.1M)	203.9M	14.8M	14.1M
Total Other Income Expense Net	(42.6M)	(169.3M)	(472.1M)	(138.1M)	(101.8M)	(96.7M)
Net Income	155.3M	(280.5M)	136.1M	201.4M	14.8M	14.1M
Income Tax Expense	68.8M	61.2M	(20.6M)	67.8M	102.2M	67.5M
Net Income Applicable To Common Shares	99.0M	(243.6M)	137K	201.4M	231.7M	243.2M
Research Development	57.8M	72.4M	74.2M	78.0M	78.7M	82.6M
Net Income From Continuing Ops	155.3M	(280.5M)	136.1M	167.5M	270.4M	283.9M
Non Recurring	112.5M	(66.5M)	53.4M	40.1M	46.1M	33.4M
Non Operating Income Net Other	(39.6M)	6K	(25.3M)	(12.3M)	(11.1M)	(10.5M)
Minority Interest	(1.0M)	3.5M	(136.0M)	34.0M	77K	80.9K
Tax Provision	61.2M	(20.6M)	67.8M	93.1M	114.5M	62.2M
Interest Income	170.3M	209.9M	101.6M	70.2M	80.7M	126.8M
Net Interest Income	(134.7M)	(157.1M)	(128.4M)	(130.7M)	(157.2M)	(165.0M)
Reconciled Depreciation	237.1M	261.9M	160.5M	158.0M	267.1M	233.8M

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When determining whether Wex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wex Inc Stock:

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Note that the Wex Inc information on this page should be used as a complementary analysis to other Wex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Wex's price analysis, check to measure Wex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wex is operating at the current time. Most of Wex's value examination focuses on studying past and present price action to predict the probability of Wex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wex's price. Additionally, you may evaluate how the addition of Wex to your portfolios can decrease your overall portfolio volatility.

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Is Wex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wex. If investors know Wex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.01)

Earnings Share

6.16

Revenue Per Share

59.533

Quarterly Revenue Growth

0.072

Return On Assets

0.0321

The market value of Wex Inc is measured differently than its book value, which is the value of Wex that is recorded on the company's balance sheet. Investors also form their own opinion of Wex's value that differs from its market value or its book value, called intrinsic value, which is Wex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wex's market value can be influenced by many factors that don't directly affect Wex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Wex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Wex Historical Income Statement

About Wex Income Statement Analysis

Wex Income Statement Chart

Depreciation And Amortization

Gross Profit

Cost Of Revenue

Wex income statement Correlations

Wex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wex income statement Accounts

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Ebit	+ 1.0	Operating Income
Gross Profit	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.98	Other Operating Expenses
Ebitda	+ 0.96	Ebit
Ebitda	+ 0.95	Gross Profit
Ebitda	+ 0.95	Operating Income

Net Interest Income	- 0.89	Research Development
Extraordinary Items	- 0.86	Total Operating Expenses
Net Interest Income	- 0.85	Total Operating Expenses
Net Interest Income	- 0.82	Selling General Administrative
Extraordinary Items	- 0.81	Selling General Administrative
Net Interest Income	- 0.78	Other Operating Expenses