Wex (WEX) revenue breakdown
By segment, Mobility is the largest at 43% of fiscal 2025 revenue; Benefits grew fastest, 16% a year over 9 years.
By product, Payment processing revenue is the largest at 43% of fiscal 2025 revenue; Account servicing revenue grew fastest, 13% a year over 8 years.
Revenue by segment
Fiscal years, as Wex reports them in its 10-K filings; fiscal 2025 total $1.8B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mobility | $642M | $823M | $562M | $559M | $501M | $612M | $823M | $809M | $834M | $785M | 43% |
| Benefits | $155M | $201M | $190M | $299M | $354M | $411M | $470M | $559M | $573M | $601M | 33% |
| Corporate Payments | $215M | $224M | $245M | $350M | $274M | $322M | $397M | $470M | $460M | $459M | 25% |
Revenue by product
Fiscal years, as Wex reports them in its 10-K filings; fiscal 2025 total $2.7B.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment processing revenue | $569M | $724M | $826M | $699M | $859M | $1.2B | $1.2B | $1.2B | $1.1B | 43% |
| Account servicing revenue | $277M | $308M | $414M | $449M | $527M | $569M | $646M | $691M | $726M | 27% |
| Other revenue | $214M | $252M | $237M | $213M | $209M | $265M | $374M | $439M | $471M | 18% |
| Finance fee revenue | $189M | $209M | $247M | $199M | $255M | $360M | $314M | $298M | $321M | 12% |
Revenue by region
Fiscal years, as Wex reports them in its 10-K filings; fiscal 2025 total $2.7B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $840M | $1.0B | $1.3B | $1.5B | $1.4B | $1.6B | $2.1B | $2.2B | $2.3B | $2.3B | 88% |
| Other international | $120M | $211M | $205M | $188M | $159M | $208M | $288M | $354M | $339M | $325M | 12% |
| Australia | $53M | — | — | — | — | — | — | — | — | — | — |
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Where does Wex make its money?
In fiscal 2025, by segment: Mobility $785M, Benefits $601M, Corporate Payments $459M.
From Wex's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.