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WEX WEX Q1 2025 earnings

Reported April 30, 2025 · After market close

Revenue$636.6MBeat by $4.1M
EPS$3.51Beat by $0.11
Revenue estimate$632.5M
EPS estimate$3.40

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$744.4M
EPS estimate$5.60

Financials

Q1 2025

Income statement

See full
Revenue$636.6M-2.5%
Gross profit$366.6M-4.9%
Operating income$157.3M-4.4%
Net income$71.5M+8.7%
EPS (diluted)$1.81+16.8%

Balance sheet

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Cash & equivalents$1.3B-38.6%
Total debt$5.6B+33.2%
Total equity$810.4M-54.4%
Total assets$14.0B-3.2%

Cash flow

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Operating cash flow-$481.6M-214%
CapEx$32.6M-4.1%
Free cash flow-$514.2M-175%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$6.09B-38.6%
Enterprise value$10.4B-13.6%
P/E19.3×-18.2×
P/S2.3×-1.5×

Profitability

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Gross margin60.2%-1.5pp
Operating margin26%+0.6pp
Net margin12.1%+1.9pp
FCF margin0.3%-22.1pp

Returns & leverage

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Return on equity24.4%+9.0pp
Debt / equity6.9×+4.5×
Current ratio1×0.0×

Segments

By segment

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Mobility$333.8M-1.5%
Benefits$199.3M+4.2%
Corporate Payments$103.5M-15.5%

By product

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Payment processing revenue$271.8M-10.0%
Account servicing revenue$179.1M+3.3%
Finance fee revenue$75.7M+7.7%

By geography

See full
United States$583.9M+2.0%

FAQ

When did WEX report Q1 2025 earnings?
WEX (WEX) reported Q1 2025 earnings on April 30, 2025 after market close.
What were WEX's Q1 2025 revenue and EPS?
WEX reported revenue of $636.6M and eps of $3.51 for Q1 2025.
Did WEX beat estimates in Q1 2025?
Revenue beat the consensus estimate of $632.5M by $4.1M. EPS beat the consensus estimate of $3.40 by $0.11.
How did WEX's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.5% from $652.7M a year earlier and eps grew 1.4% from $3.46.
Where can I find WEX's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001309108-25-000083) and the 10-Q periodic report (0001309108-25-000087) directly on SEC EDGAR. The filing index links above go to sec.gov.