Wex Historical Income Statement

WEX Stock

USD 188.66 1.14 0.60%

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 closely tied 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

At this time, Wex's Net Income From Continuing Ops is fairly stable compared to the past year. Minority Interest is likely to rise to about 80.8 K in 2024, whereas Gross Profit is likely to drop slightly above 1.1 M in 2024.

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit Other Operating Expenses Ebit

Total Revenue

Total revenue comprises all receipts Wex Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Wex Inc. It is also known as Wex overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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 closely tied 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	272.6M	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		0.9	0.77	0.86	0.9	0.35	0.94	-0.02	-0.24	0.05	0.89	0.8	-0.48	-0.56	-0.3	-0.36	0.95	0.03	0.21	-0.22	-0.2	-0.16	0.68	-0.73	0.23	-0.47
Interest Expense	0.9		0.78	0.89	0.71	0.15	0.76	-0.26	-0.45	-0.15	0.72	0.7	-0.51	-0.64	-0.45	-0.41	0.79	-0.07	0.19	-0.16	-0.09	-0.23	0.66	-0.68	0.33	-0.45
Selling General Administrative	0.77	0.78		0.85	0.78	-0.23	0.77	-0.5	-0.49	-0.43	0.72	0.93	-0.4	-0.4	-0.33	0.03	0.75	0.31	0.1	-0.15	-0.04	0.21	0.33	-0.82	0.42	-0.81
Selling And Marketing Expenses	0.86	0.89	0.85		0.7	0.19	0.73	-0.17	-0.32	-0.06	0.65	0.7	-0.3	-0.65	-0.29	-0.11	0.78	0.08	0.05	-0.18	-0.18	0.04	0.49	-0.65	0.17	-0.44
Total Revenue	0.9	0.71	0.78	0.7		0.22	0.99	0.0	-0.11	0.01	0.98	0.91	-0.38	-0.31	-0.12	-0.1	0.94	0.29	0.13	-0.29	-0.07	0.11	0.49	-0.76	0.22	-0.64
Gross Profit	0.35	0.15	-0.23	0.19	0.22		0.27	0.87	0.56	0.87	0.24	-0.17	0.12	-0.32	0.24	-0.31	0.31	-0.27	0.03	-0.17	-0.21	-0.24	0.38	0.14	-0.48	0.54
Other Operating Expenses	0.94	0.76	0.77	0.73	0.99	0.27		0.0	-0.16	0.01	0.98	0.89	-0.45	-0.4	-0.2	-0.21	0.97	0.18	0.17	-0.3	-0.12	0.0	0.57	-0.78	0.24	-0.59
Operating Income	-0.02	-0.26	-0.5	-0.17	0.0	0.87	0.0		0.84	0.94	0.01	-0.39	0.47	0.09	0.59	0.03	0.0	-0.01	-0.16	-0.16	-0.1	0.03	0.06	0.43	-0.61	0.62
Ebit	-0.24	-0.45	-0.49	-0.32	-0.11	0.56	-0.16	0.84		0.88	-0.13	-0.39	0.8	0.52	0.89	0.39	-0.21	0.41	-0.2	0.03	-0.23	0.39	-0.35	0.61	-0.79	0.47
Ebitda	0.05	-0.15	-0.43	-0.06	0.01	0.87	0.01	0.94	0.88		0.01	-0.37	0.55	0.13	0.65	0.03	0.02	0.07	-0.08	-0.02	-0.3	0.06	0.0	0.48	-0.75	0.61
Cost Of Revenue	0.89	0.72	0.72	0.65	0.98	0.24	0.98	0.01	-0.13	0.01		0.87	-0.42	-0.32	-0.16	-0.17	0.95	0.21	0.18	-0.29	-0.05	0.02	0.52	-0.75	0.23	-0.59
Total Operating Expenses	0.8	0.7	0.93	0.7	0.91	-0.17	0.89	-0.39	-0.39	-0.37	0.87		-0.47	-0.26	-0.27	-0.03	0.83	0.35	0.12	-0.22	-0.05	0.17	0.39	-0.85	0.45	-0.86
Income Before Tax	-0.48	-0.51	-0.4	-0.3	-0.38	0.12	-0.45	0.47	0.8	0.55	-0.42	-0.47		0.64	0.92	0.68	-0.5	0.61	-0.25	0.25	-0.06	0.61	-0.66	0.72	-0.7	0.35
Total Other Income Expense Net	-0.56	-0.64	-0.4	-0.65	-0.31	-0.32	-0.4	0.09	0.52	0.13	-0.32	-0.26	0.64		0.73	0.46	-0.55	0.66	-0.1	0.32	0.0	0.4	-0.65	0.61	-0.32	0.02
Net Income	-0.3	-0.45	-0.33	-0.29	-0.12	0.24	-0.2	0.59	0.89	0.65	-0.16	-0.27	0.92	0.73		0.58	-0.3	0.72	-0.15	0.24	-0.07	0.57	-0.55	0.61	-0.66	0.24
Income Tax Expense	-0.36	-0.41	0.03	-0.11	-0.1	-0.31	-0.21	0.03	0.39	0.03	-0.17	-0.03	0.68	0.46	0.58		-0.22	0.68	-0.38	-0.06	0.04	0.94	-0.7	0.2	-0.3	-0.11
Research Development	0.95	0.79	0.75	0.78	0.94	0.31	0.97	0.0	-0.21	0.02	0.95	0.83	-0.5	-0.55	-0.3	-0.22		0.04	0.18	-0.33	-0.19	-0.05	0.6	-0.82	0.23	-0.52
Net Income From Continuing Ops	0.03	-0.07	0.31	0.08	0.29	-0.27	0.18	-0.01	0.41	0.07	0.21	0.35	0.61	0.66	0.72	0.68	0.04		-0.11	0.17	-0.02	0.76	-0.46	0.07	-0.21	-0.46
Non Recurring	0.21	0.19	0.1	0.05	0.13	0.03	0.17	-0.16	-0.2	-0.08	0.18	0.12	-0.25	-0.1	-0.15	-0.38	0.18	-0.11		0.73	-0.04	-0.35	-0.01	-0.24	0.16	-0.04
Non Operating Income Net Other	-0.22	-0.16	-0.15	-0.18	-0.29	-0.17	-0.3	-0.16	0.03	-0.02	-0.29	-0.22	0.25	0.32	0.24	-0.06	-0.33	0.17	0.73		0.05	-0.11	-0.42	0.29	-0.09	0.11
Minority Interest	-0.2	-0.09	-0.04	-0.18	-0.07	-0.21	-0.12	-0.1	-0.23	-0.3	-0.05	-0.05	-0.06	0.0	-0.07	0.04	-0.19	-0.02	-0.04	0.05		0.01	-0.06	0.0	0.33	-0.08
Tax Provision	-0.16	-0.23	0.21	0.04	0.11	-0.24	0.0	0.03	0.39	0.06	0.02	0.17	0.61	0.4	0.57	0.94	-0.05	0.76	-0.35	-0.11	0.01		-0.6	0.08	-0.24	-0.2
Interest Income	0.68	0.66	0.33	0.49	0.49	0.38	0.57	0.06	-0.35	0.0	0.52	0.39	-0.66	-0.65	-0.55	-0.7	0.6	-0.46	-0.01	-0.42	-0.06	-0.6		-0.55	0.47	-0.15
Net Interest Income	-0.73	-0.68	-0.82	-0.65	-0.76	0.14	-0.78	0.43	0.61	0.48	-0.75	-0.85	0.72	0.61	0.61	0.2	-0.82	0.07	-0.24	0.29	0.0	0.08	-0.55		-0.61	0.72
Reconciled Depreciation	0.23	0.33	0.42	0.17	0.22	-0.48	0.24	-0.61	-0.79	-0.75	0.23	0.45	-0.7	-0.32	-0.66	-0.3	0.23	-0.21	0.16	-0.09	0.33	-0.24	0.47	-0.61		-0.44
Extraordinary Items	-0.47	-0.45	-0.81	-0.44	-0.64	0.54	-0.59	0.62	0.47	0.61	-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	237.1M	261.9M	272.6M	263.9M	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	2.5B	2.7B
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	292.0M	(128.2M)	358.0M	386.0M	14.8M	14.1M
Ebitda	529.2M	133.8M	630.7M	649.9M	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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Wex Historical Income Statement

About Wex Income Statement Analysis

Wex Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Wex income statement Correlations

Wex Account Relationship Matchups

High Positive Relationship

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Wex income statement Accounts

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Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.98	Total Revenue
Cost Of Revenue	+ 0.98	Other Operating Expenses
Research Development	+ 0.97	Other Operating Expenses
Research Development	+ 0.95	Depreciation And Amortization
Research Development	+ 0.95	Cost Of Revenue

Extraordinary Items	- 0.86	Total Operating Expenses
Net Interest Income	- 0.85	Total Operating Expenses
Net Interest Income	- 0.82	Research Development
Net Interest Income	- 0.82	Selling General Administrative
Extraordinary Items	- 0.81	Selling General Administrative
Reconciled Depreciation	- 0.79	Ebit