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WEX Inc. Consolidated Statements of Operations (in millions)
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Raw Label202320242025CategoryNotes
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Revenues
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Payment Processing revenenue1213.7 1200.5 1142.8 Revenues
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Account servicing revenue646.4 690.6 726.0 Revenues
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Finance fee revenue314.2 298.2 321.3 Revenues
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Other Revenue373.7 438.9 470.7 Revenues
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Cost of services
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Processing Costs621.6 647.7 665.2 COGS
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Service fees73.3 83.7 95.9 COGS
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Provisison for credit losses89.8 68.2 78.4 COGS
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Operating intereset84.2 104.1 109.0 COGS
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Depreciation and amortization104.4 134.0 152.1 COGS
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General and administrative428.0 375.8 330.2 G&A
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Sales and marketing327.8 341.0 387.0 S&M
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Depreciation and amortization171.8 187.3 179.0 D&A
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Operating income647.1 686.3 663.9 Operating income
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Financing interest expense, net of financial instruments(204.6)(235.9)(240.6)Interest expense
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Net foreign currency (loss) gain4.9 (26.1)(0.2)Interest Income & Other
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Change in fair value of contingent consideration(8.5)(6.5)(2.9)Interest Income & Other
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Loss on extinguishment of Convertible Notes(70.1)--Interest Income & Other
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Income before income taxes368.8 417.8 420.2
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Income tax provision102.2 108.2 116.1 Income Tax Expense
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Net income attributable to shareholders266.6 309.6 304.1 Net Income
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