WEX (WEX) Revenue & Revenue Breakdown
WEX Revenue Highlights
Latest Revenue (Y)
$2.55B
Latest Revenue (Q)
$665.40M
Main Segment (Y)
Other Revenue
Main Geography (Y)
UNITED STATES
WEX Revenue by Period
WEX Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $2.55B | 8.40% |
| 2022-12-31 | $2.35B | 27.02% |
| 2021-12-31 | $1.85B | 18.63% |
| 2020-12-31 | $1.56B | -9.50% |
| 2019-12-31 | $1.72B | 15.48% |
| 2018-12-31 | $1.49B | 19.36% |
| 2017-12-31 | $1.25B | 22.79% |
| 2016-12-31 | $1.02B | 19.17% |
| 2015-12-31 | $854.64M | 4.52% |
| 2014-12-31 | $817.65M | 13.96% |
| 2013-12-31 | $717.46M | 15.13% |
| 2012-12-31 | $623.15M | 12.67% |
| 2011-12-31 | $553.08M | 41.67% |
| 2010-12-31 | $390.41M | 22.68% |
| 2009-12-31 | $318.22M | -19.15% |
| 2008-12-31 | $393.58M | 17.09% |
| 2007-12-31 | $336.13M | 15.41% |
| 2006-12-31 | $291.25M | 20.68% |
| 2005-12-31 | $241.33M | 27.62% |
| 2004-12-31 | $189.10M | 20.49% |
| 2003-12-31 | $156.94M | 23.96% |
| 2002-12-31 | $126.60M | 3.63% |
| 2001-12-31 | $122.16M | - |
WEX generated $2.55B in revenue during NA 2023, up 8.40% compared to the previous quarter, and up 170.70% compared to the same period a year ago.
WEX Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $665.40M | -1.20% |
| 2024-06-30 | $673.50M | 3.19% |
| 2024-03-31 | $652.70M | -1.60% |
| 2023-12-31 | $663.30M | 1.83% |
| 2023-09-30 | $651.40M | 4.84% |
| 2023-06-30 | $621.30M | 1.52% |
| 2023-03-31 | $612.00M | -1.07% |
| 2022-12-31 | $618.61M | 0.40% |
| 2022-09-30 | $616.13M | 2.99% |
| 2022-06-30 | $598.24M | 15.59% |
| 2022-03-31 | $517.53M | 4.02% |
| 2021-12-31 | $497.54M | 3.06% |
| 2021-09-30 | $482.76M | 5.07% |
| 2021-06-30 | $459.48M | 11.86% |
| 2021-03-31 | $410.76M | 2.95% |
| 2020-12-31 | $398.99M | 4.42% |
| 2020-09-30 | $382.12M | 10.09% |
| 2020-06-30 | $347.08M | -19.60% |
| 2020-03-31 | $431.68M | -1.90% |
| 2019-12-31 | $440.05M | -4.33% |
| 2019-09-30 | $459.96M | 4.11% |
| 2019-06-30 | $441.81M | 15.69% |
| 2019-03-31 | $381.88M | 0.18% |
| 2018-12-31 | $381.20M | -0.39% |
| 2018-09-30 | $382.69M | 3.19% |
| 2018-06-30 | $370.88M | 4.52% |
| 2018-03-31 | $354.83M | 7.10% |
| 2017-12-31 | $331.31M | 2.25% |
| 2017-09-30 | $324.00M | 6.62% |
| 2017-06-30 | $303.88M | 4.30% |
| 2017-03-31 | $291.36M | 0.18% |
| 2016-12-31 | $290.84M | 1.07% |
| 2016-09-30 | $287.76M | 23.01% |
| 2016-06-30 | $233.94M | 13.60% |
| 2016-03-31 | $205.93M | -3.16% |
| 2015-12-31 | $212.64M | -5.93% |
| 2015-09-30 | $226.06M | 5.81% |
| 2015-06-30 | $213.65M | 5.62% |
| 2015-03-31 | $202.28M | -4.52% |
| 2014-12-31 | $211.86M | -4.62% |
| 2014-09-30 | $222.13M | 10.20% |
| 2014-06-30 | $201.58M | 10.72% |
| 2014-03-31 | $182.07M | -0.12% |
| 2013-12-31 | $182.28M | -4.83% |
| 2013-09-30 | $191.53M | 7.43% |
| 2013-06-30 | $178.28M | 7.81% |
| 2013-03-31 | $165.37M | -2.15% |
| 2012-12-31 | $169.00M | 4.99% |
| 2012-09-30 | $160.97M | 5.16% |
| 2012-06-30 | $153.06M | 9.24% |
| 2012-03-31 | $140.12M | 0.20% |
| 2011-12-31 | $139.84M | -7.93% |
| 2011-09-30 | $151.88M | 7.51% |
| 2011-06-30 | $141.27M | 17.64% |
| 2011-03-31 | $120.09M | 4.52% |
| 2010-12-31 | $114.90M | 14.63% |
| 2010-09-30 | $100.23M | 9.62% |
| 2010-06-30 | $91.44M | 9.05% |
| 2010-03-31 | $83.85M | 0.08% |
| 2009-12-31 | $83.78M | -3.30% |
| 2009-09-30 | $86.64M | 10.20% |
| 2009-06-30 | $78.63M | 13.66% |
| 2009-03-31 | $69.18M | -14.46% |
| 2008-12-31 | $80.87M | -25.49% |
| 2008-09-30 | $108.53M | -2.43% |
| 2008-06-30 | $111.24M | 19.68% |
| 2008-03-31 | $92.95M | 2.50% |
| 2007-12-31 | $90.68M | - |
WEX generated $665.40M in revenue during Q3 2024, up -1.20% compared to the previous quarter, and up 107.10% compared to the same period a year ago.
WEX Revenue Breakdown
WEX Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Finance Fee Revenue | $314.20M | $247.32M | - | - | - |
| Other Revenue | $373.70M | - | - | - | - |
| Fleet Solutions | - | $1.44B | $1.11B | $918.31M | - |
| Travel and Corporate Solutions | - | $402.31M | $324.92M | $277.84M | - |
| Health and Employee Benefit Solutions | - | $504.54M | $414.21M | $363.72M | - |
WEX's latest annual revenue breakdown by segment (product or service), as of Dec 23: Other Revenue (54.32%), and Finance Fee Revenue (45.68%).
Quarterly Revenue by Product
| Product/Service | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finance Fee Revenue | $70.50M | $77.80M | $77.10M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Product and Service, Other | $112.90M | $112.60M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Mobility Segment | - | - | $4.30M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Revenue | - | - | - | $99.50M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other | - | - | - | - | $119.70M | $120.40M | $99.96M | $98.61M | $100.27M | $62.32M | $57.85M | $25.63M | $19.56M | $13.67M | - | - | - | - | - | - |
| Monthly Fees | - | - | - | - | $96.20M | $109.00M | $115.19M | $114.86M | $119.03M | $129.38M | $136.67M | $95.27M | $104.53M | $109.37M | $39.46M | $16.16M | - | - | - | - |
| Health and Employee Benefit Solutions | - | - | - | - | - | - | $140.73M | $109.20M | $88.92M | $83.57M | - | - | - | - | - | - | - | - | - | - |
| Fleet Solutions | - | - | - | - | - | - | $367.21M | $306.83M | $235.38M | $260.77M | - | - | - | - | - | - | - | - | - | - |
| Travel and Corporate Solutions | - | - | - | - | - | - | $110.67M | $81.51M | $74.69M | $95.70M | - | - | - | - | - | - | - | - | - | - |
| Professional Services | - | - | - | - | - | - | - | $4.34M | $1.78M | $4.05M | $8.20M | $2.96M | $2.75M | $4.65M | $3.64M | $5.91M | $4.62M | - | - | - |
WEX's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product and Service, Other (61.56%), and Finance Fee Revenue (38.44%).
WEX Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $2.19B | $2.06B | $1.64B | $1.40B | $1.54B |
WEX's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (100.00%).
WEX Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $694.71B | $211.98B |
| FLT | Corpay | $3.76B | $935.25M |
| WEX | WEX | $2.55B | $665.40M |
| VRSN | VeriSign | $1.49B | $390.60M |
| CSGS | CSG Systems | $1.17B | $295.13M |
| NTCT | NetScout Systems | $829.46M | $191.11M |
| PRTH | Priority Technology | $755.61M | $205.72M |
| STER | Sterling Check | $719.64M | $200.53M |
| EVCM | EverCommerce | $675.37M | $177.39M |
| QLYS | Qualys | $554.46M | $148.71M |
| GB | Global Blue Group | $422.30M | $105.24M |
| CCSI | Consensus Cloud Solutions | $362.56M | $87.50M |
| ESMT | EngageSmart | $303.92M | $97.73M |
| OSPN | OneSpan | $235.11M | $56.24M |
WEX Revenue FAQ
What is WEX’s yearly revenue?
WEX's yearly revenue for 2023 was $2.55B, representing an increase of 8.40% compared to 2022. The company's yearly revenue for 2022 was $2.35B, representing an increase of 27.02% compared to 2021. WEX's yearly revenue for 2021 was $1.85B, representing an increase of 18.63% compared to 2020.
What is WEX’s quarterly revenue?
WEX's quarterly revenue for Q3 2024 was $665.4M, a -1.20% decrease from the previous quarter (Q2 2024), and a 2.15% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $673.5M, a 3.19% increase from the previous quarter (Q1 2024), and a 8.40% increase year-over-year (Q2 2023). WEX's quarterly revenue for Q1 2024 was $652.7M, a -1.60% decrease from the previous quarter (Q4 2023), and a 6.65% increase year-over-year (Q1 2023).
What is WEX’s revenue growth rate?
WEX's revenue growth rate for the last 3 years (2021-2023) was 37.69%, and for the last 5 years (2019-2023) was 47.82%.
What are WEX’s revenue streams?
WEX's revenue streams in c 23 are Finance Fee Revenue, and Other Revenue. Finance Fee Revenue generated $314.2M in revenue, accounting 45.68% of the company's total revenue, up 27.04% year-over-year. Other Revenue generated $373.7M in revenue, accounting 54.32% of the company's total revenue
What is WEX’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of WEX was Other Revenue. This segment made a revenue of $373.7M, representing 54.32% of the company's total revenue.