WEX Inc. balance sheet
At the end of fiscal 2025, WEX Inc. had total assets of $14.40bn, total liabilities of $13.16bn and shareholders' equity of $1.23bn. It held $906m in cash against $4.91bn of debt.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 0.0 | 0.0 | 0.0 | 0.2 | 0.4 | 0.3 | 0.3 | 0.2 | 0.5 | 0.5 | 0.8 | 0.9 | 0.6 | 0.9 | 1.0 | 0.6 | 0.9 | 0.6 |
| Receivables | — | — | — | — | — | — | — | — | — | 2.6 | 2.7 | 2.0 | 2.9 | 3.3 | 3.4 | 3.0 | 3.4 | 5.3 |
| Total current assets | — | — | — | — | — | — | — | — | 3.2 | 3.4 | 3.8 | 3.5 | 5.3 | 6.8 | 8.9 | 8.5 | 9.7 | 11.5 |
| Goodwill | 0.3 | 0.5 | 0.5 | 0.8 | 0.8 | 1.1 | 1.1 | 1.8 | 1.9 | 1.8 | 2.4 | 2.7 | 2.9 | 2.7 | 3.0 | 3.0 | 3.0 | 3.0 |
| Total assets | 1.5 | 2.1 | 2.3 | 3.1 | 3.4 | 4.1 | 3.8 | 6.0 | 6.7 | 6.8 | 8.3 | 8.2 | 10.3 | 11.5 | 13.9 | 13.3 | 14.4 | 16.2 |
| Deferred revenue (current) | — | — | — | — | — | — | — | — | 0.0 | 0.9 | 1.3 | 0.9 | 2.0 | 3.1 | 0.0 | — | — | — |
| Total current liabilities | — | — | — | — | — | — | — | — | 2.6 | 2.3 | 3.0 | 2.7 | 4.4 | 6.3 | 8.5 | 8.3 | 9.3 | 11.3 |
| Short-term debt | — | — | — | — | — | — | — | — | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 1.0 | 1.3 | 1.3 | 1.9 |
| Long-term debt | — | — | — | 0.6 | 0.7 | 1.3 | 1.1 | — | 2.0 | 2.1 | 2.7 | 2.9 | 2.7 | 2.5 | 2.8 | 3.1 | 3.5 | 3.5 |
| Total debt | 0.0 | 0.0 | 0.0 | 0.6 | 0.7 | 1.3 | 1.1 | 0.1 | 2.5 | 2.4 | 3.0 | 3.1 | 2.9 | 2.8 | 3.9 | 4.4 | 4.9 | 5.4 |
| Total liabilities | 1.1 | 1.5 | 1.6 | 2.3 | 2.5 | 3.0 | 2.8 | 4.5 | 5.1 | 5.0 | 6.2 | 6.1 | 8.2 | 9.9 | 12.1 | 11.8 | 13.2 | 15.0 |
| Shareholders' equity | 0.4 | 0.6 | 0.7 | 0.8 | 0.9 | 1.1 | 1.1 | 1.5 | 1.6 | 1.8 | 1.9 | 1.9 | 1.8 | 1.6 | 1.8 | 1.5 | 1.2 | 1.2 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | — | — | — | — | — | — | — | — | 0.2 | — | 0.3 | — | — | — | — | — |
| Shares outstanding | 38m | 38m | 39m | 39m | 39m | 39m | 39m | 43m | 43m | 43m | 43m | 44m | 45m | 43m | 42m | 39m | 34m | 33m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 3.0 | 3.8 | 3.9 | 3.8 | 3.4 | 4.3 | 4.8 | 5.3 |
| Total current assets | 8.5 | 9.2 | 9.9 | 9.7 | 9.7 | 10.7 | 11.8 | 11.5 |
| Goodwill | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 |
| Total assets | 13.3 | 14.0 | 14.7 | 14.4 | 14.4 | 15.4 | 16.5 | 16.2 |
| Total current liabilities | 8.3 | 8.8 | 9.5 | 9.3 | 9.3 | 10.2 | 11.3 | 11.3 |
| Short-term debt | 1.3 | 1.5 | 1.5 | 1.3 | 1.3 | 1.6 | 1.8 | 1.9 |
| Long-term debt | 3.1 | 4.1 | 3.9 | 3.7 | 3.5 | 3.6 | 3.5 | 3.5 |
| Total debt | 4.4 | 5.6 | 5.4 | 5.0 | 4.9 | 5.2 | 5.4 | 5.3 |
| Total liabilities | 11.8 | 13.2 | 13.7 | 13.3 | 13.2 | 14.2 | 15.2 | 15.0 |
| Shareholders' equity | 1.5 | 0.8 | 1.0 | 1.1 | 1.2 | 1.3 | 1.3 | 1.2 |
| Shares outstanding | 39m | 34m | 34m | 34m | 34m | 35m | 34m | 33m |
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