WEX (WEX) Revenue & Revenue Breakdown

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WEX Revenue Highlights

Latest Revenue (Y)

$2.63B

Latest Revenue (Q)

$636.60M

Main Segment (Y)

Product and Service, Other

Main Geography (Y)

UNITED STATES

WEX Revenue by Period

WEX Revenue by Year

Date	Revenue	Change
2024-12-31	$2.63B	3.14%
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 $2.63B in revenue during NA 2024, up 3.14% compared to the previous quarter, and up 152.47% compared to the same period a year ago.

WEX Revenue by Quarter

Date	Revenue	Change
2025-03-31	$636.60M	0.02%
2024-12-31	$636.50M	-4.36%
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 $636.60M in revenue during Q1 2025, up 0.02% compared to the previous quarter, and up 95.97% compared to the same period a year ago.

WEX Revenue Breakdown

WEX Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Finance Fee Revenue	$298.20M	$314.20M	-	-	-
Product and Service, Other	$438.90M	-	-	-	-
Other Revenue	-	$373.70M	-	-	-
Travel and Corporate Solutions	-	-	$402.31M	$324.92M	$277.84M
Health and Employee Benefit Solutions	-	-	$504.54M	$414.21M	$363.72M
Fleet Solutions	-	-	$1.44B	$1.11B	$918.31M

WEX's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product and Service, Other (59.54%), and Finance Fee Revenue (40.46%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	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
Payment Processing Revenue	$285.20M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Fee Revenue	$80.40M	$75.70M	$149.90M	$70.50M	$77.80M	$77.10M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other	$116.10M	$115.90M	$213.40M	$112.90M	$112.60M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Account Servicing Revenue	$177.90M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mobility Segment	-	-	-	-	-	$4.30M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue	-	-	-	-	-	-	$99.50M	-	-	-	-	-	-	-	-	-	-	-	-	-
Monthly Fees	-	-	-	-	-	-	-	$96.20M	$109.00M	$115.19M	$114.86M	$119.03M	$129.38M	$136.67M	$95.27M	$104.53M	$109.37M	-	-	-
Other	-	-	-	-	-	-	-	$119.70M	$120.40M	$99.96M	$98.61M	$100.27M	$62.32M	$57.85M	$25.63M	$19.56M	$13.67M	-	-	-
Health and Employee Benefit Solutions	-	-	-	-	-	-	-	-	-	$140.73M	$109.20M	$88.92M	-	-	-	-	-	-	-	-
Travel and Corporate Solutions	-	-	-	-	-	-	-	-	-	$110.67M	$81.51M	$74.69M	-	-	-	-	-	-	-	-
Fleet Solutions	-	-	-	-	-	-	-	-	-	$367.21M	$306.83M	$235.38M	-	-	-	-	-	-	-	-
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 Jun 25: Payment Processing Revenue (43.24%), Account Servicing Revenue (26.97%), Product and Service, Other (17.60%), and Finance Fee Revenue (12.19%).

WEX Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
UNITED STATES	$2.29B	$2.19B	$2.06B	$1.64B	$1.40B
Non-US	$338.70M	-	-	-	-

WEX's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (87.11%), and Non-US (12.89%).

WEX Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
INGM	Ingram Micro	$48.04B	$12.28B
WEX	WEX	$2.63B	$636.60M
ACIW	ACI Worldwide	$1.59B	$401.26M
BOX	Box	$1.09B	$294.00M
S	SentinelOne	$821.46M	$229.03M
DLO	DLocal	$650.35M	$184.43M
QLYS	Qualys	$607.57M	$164.06M
CORZ	Core Scientific	$510.67M	$81.10M
CWAN	Clearwater Analytics	$451.80M	$126.86M
BTDR	Bitdeer Technologies Group	$368.55M	$119.51M
CLBT	Cellebrite DI	$325.11M	$89.58M

WEX Revenue FAQ

What is WEX’s yearly revenue?

WEX's yearly revenue for 2024 was $2.63B, representing an increase of 3.14% compared to 2023. The company's yearly revenue for 2023 was $2.55B, representing an increase of 8.40% compared to 2022. WEX's yearly revenue for 2022 was $2.35B, representing an increase of 27.02% compared to 2021.

What is WEX’s quarterly revenue?

WEX's quarterly revenue for Q1 2025 was $636.6M, a 0.02% increase from the previous quarter (Q4 2024), and a -2.47% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $636.5M, a -4.36% decrease from the previous quarter (Q3 2024), and a -4.04% decrease year-over-year (Q4 2023). 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).

What is WEX’s revenue growth rate?

WEX's revenue growth rate for the last 3 years (2022-2024) was 11.81%, and for the last 5 years (2020-2024) was 68.48%.

What are WEX’s revenue streams?

WEX's revenue streams in c 24 are Finance Fee Revenue, and Product and Service, Other. Finance Fee Revenue generated $298.2M in revenue, accounting 40.46% of the company's total revenue, down -5.09% year-over-year. Product and Service, Other generated $438.9M in revenue, accounting 59.54% of the company's total revenue

What is WEX’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of WEX was Product and Service, Other. This segment made a revenue of $438.9M, representing 59.54% of the company's total revenue.