WEX (WEX) Revenue & Revenue Breakdown

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WEX Revenue Highlights

Latest Revenue (Y)

$2.55B

Latest Revenue (Q)

$665.50M

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	-

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	$665.50M	-1.19%
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	-

WEX generated $665.50M in revenue during Q3 2024, up -1.19% compared to the previous quarter, and up 107.11% 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	-
Health and Employee Benefit Solutions	-	$504.54M	$414.21M	$363.72M	-
Travel and Corporate Solutions	-	$402.31M	$324.92M	$277.84M	-

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	$55.93M	$66.38M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other	$112.90M	$112.60M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mobility Segment	-	-	$4.30M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue	-	-	-	$99.50M	$57.88M	$59.62M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-
Travel and Corporate Solutions	-	-	-	-	-	-	$110.67M	$81.51M	$74.69M	$95.70M	-	-	-	-	-	-	-	-	-	-
Fleet Solutions	-	-	-	-	-	-	$367.21M	$306.83M	$235.38M	$260.77M	-	-	-	-	-	-	-	-	-	-
Health and Employee Benefit Solutions	-	-	-	-	-	-	$140.73M	$109.20M	$88.92M	$83.57M	-	-	-	-	-	-	-	-	-	-
Professional Services	-	-	-	-	-	-	-	$4.34M	$1.78M	$4.05M	$8.20M	$2.96M	$2.75M	$4.65M	$3.64M	-	-	-	-	-

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	$628.67B
WEX	WEX	$2.55B	$665.50M
VRSN	VeriSign	$1.49B	$390.60M
CSGS	CSG Systems	$1.17B	$295.14M
NTCT	NetScout Systems	$829.46M	$191.11M
PRTH	Priority Technology	$755.61M	$219.87M
EVCM	EverCommerce	$675.37M	$176.26M
QLYS	Qualys	$554.46M	$153.87M
GB	Global Blue Group	$422.30M	$105.24M
CCSI	Consensus Cloud Solutions	$362.56M	$87.75M
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 $665.5M, a -1.19% decrease from the previous quarter (Q2 2024), and a 2.16% 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.