WEX Inc.
WEX Technology Software Infrastructure
WEX Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 1.24% from fiscal 2024.
- Revenue
- +12.8%
- EPS
- +69.1%
- Free cash flow
- −117.0%
- Total debt
- −7.03%
Quarter to September 2026, against a year earlier
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WEX Inc. (WEX) Free cash flow margin
WEX Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −12.2%, down 21.2 percentage points from fiscal 2025 (9.04%). Over the past ten years it has ranged from −20.1% (fiscal 2016) to 44.7% (fiscal 2015); the current reading is higher than 36% of that period. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 1.27%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 9.04% | (3.48) |
| FY2024 | 12.5% | (17.30) |
| FY2023 | 29.8% | 5.86 |
| FY2022 | 24.0% | 30.91 |
| FY2021 | −6.95% | (49.03) |
| FY2020 | 42.1% | 9.57 |
| FY2019 | 32.5% | 11.54 |
| FY2018 | 21.0% | 16.47 |
| FY2017 | 4.50% | 24.55 |
| FY2016 | −20.1% | (64.70) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| BOX Box, Inc. compare | 28.4% |
| TENB Tenable Holdings, Inc. compare | 25.0% |
| PATH UiPath, Inc. compare | 21.1% |
| RELY Remitly Global, Inc. compare | 20.7% |
| VRNS Varonis Systems, Inc. compare | 17.2% |
| ACIW ACI Worldwide, Inc. compare | 15.6% |
| DOX Amdocs Limited compare | 13.7% |
| WEX WEX Inc. | −12.2% |
| MBGL Mobility Global Inc. compare | — |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 1.27% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on WEX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement