WEX Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $673.5M | $652.7M | $663.3M | $651.4M | $621.3M | $612.0M | $618.7M | $616.1M |
| Cost of Revenue | $263.8M | $267.2M | $255.9M | $235.1M | $235.0M | $247.3M | $251.9M | $252.1M |
| Gross Profit | $409.7M | $385.5M | $407.4M | $416.3M | $386.3M | $364.7M | $366.8M | $364.0M |
| Gross Margin | 60.8% | 59.1% | 61.4% | 63.9% | 62.2% | 59.6% | 59.3% | 59.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $101.0M | $88.5M | $116.3M | $116.6M | $106.2M | $88.9M | $95.2M | $86.5M |
| Operating Income | $168.1M | $164.5M | $158.5M | $174.9M | $159.4M | $154.3M | $155.1M | $21.3M |
| Operating Margin | 25.0% | 25.2% | 23.9% | 26.8% | 25.7% | 25.2% | 25.1% | 3.5% |
| Interest Expense | — | — | — | — | — | — | $34.8M | $34.4M |
| Pretax Income | $106.1M | $90.0M | $108.4M | $44.4M | $117.8M | $98.2M | $124.4M | $-43.3M |
| Income Tax Expense | $29.1M | $24.2M | $23.5M | $26.0M | $22.5M | $30.2M | $35.8M | $800.0K |
| Net Income | $77.0M | $65.8M | $84.9M | $18.4M | $95.3M | $68.0M | $88.7M | $-44.1M |
| Net Margin | 11.4% | 10.1% | 12.8% | 2.8% | 15.3% | 11.1% | 14.3% | -7.2% |
| EPS (Basic) | $1.85 | $1.57 | $2.00 | $0.43 | $2.22 | $1.58 | $2.05 | $-1.00 |
| EPS (Diluted) | $1.83 | $1.55 | $1.98 | $0.42 | $2.20 | $1.56 | $2.03 | $-1.00 |
| Shares Outstanding (Basic) | 41.7M | 41.8M | 42.8M | 42.9M | 42.9M | 43.1M | 44.4M | 44.2M |
| Shares Outstanding (Diluted) | 42.0M | 42.4M | 43.3M | 43.4M | 43.4M | 43.6M | 44.7M | 44.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |