WEX Inc.

WEX Inc. reported strong FY 2025 financial performance with total revenues of $2.66B, driving operating income of $663.9M and net income attributable to shareholders of $304.1M. Diluted EPS reached $8 per share on 35.9M weighted average shares. Total cost of services was $1.10B, including processing costs of $665.2M, service fees of $95.9M, provision for credit losses of $78.4M, operating interest of $109.0M, and depreciation of $152.1M. General and administrative expenses stood at $330.2M, sales and marketing at $387.0M, with additional depreciation of $179.0M. Financing interest expense was $240.6M, offset by a $2.9M gain from change in fair value of contingent consideration. Balance sheet reflects total assets of $14.40B, with current assets $9.71B including $905.8M cash equivalents and $3.36B accounts receivable. Total liabilities $13.16B include $5.42B short-term deposits and $3.53B long-term debt, yielding stockholders’ equity of $1.23B. Operating cash flow generated $454.3M, while investing activities used $696.9M primarily for investment securities purchases, and financing provided $418.9M amid $799.8M stock repurchases. Net change in cash and restricted cash was +$241.4M to $1.86B. These results highlight robust profitability and liquidity supporting shareholder returns.

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