**WEX Inc. Reports Fiscal Year 2025 Results**
WEX Inc., a global commerce platform specializing in payment solutions, reported its financial results for the fiscal year ended December 31, 2025. The company's total revenues reached $2.66 billion, a slight increase of 1.2% compared to $2.63 billion in 2024. Net income attributable to shareholders was $304.1 million, or $8.47 per basic share and $8.47 per diluted share, compared to $309.6 million, or $7.59 per basic share and $7.50 per diluted share, in the previous year. The company's net cash provided by operating activities was $454.3 million, a decrease from $481.4 million in 2024.
The company's non-GAAP performance metrics showed adjusted net income attributable to shareholders of $578.0 million, or $16.10 per diluted share, compared to $631.0 million, or $15.28 per diluted share, in the prior year. Adjusted free cash flow was $638.0 million, an increase from $562.0 million in 2024. Total volume processed across the company's platforms reached $223.7 billion, compared to $218.2 billion in the previous fiscal year. These figures exclude certain costs, expenses, gains, and losses to provide a clearer view of the company's core operating performance.
Operationally, WEX repurchased $790 million of its common stock during 2025, reducing the total outstanding share count by approximately 13% since the end of 2024. The company also signed a long-term agreement with BP for its U.S. commercial card portfolio business, utilizing WEX’s integrated closed- and open-loop network capabilities. WEX expanded its product offerings, including the 10-4 by WEX™ mobile app, and advanced its Embedded Payments strategy beyond the travel vertical. The company continued to deploy artificial intelligence (AI)-driven tools within areas such as fraud prevention, product development, credit management, and customer support.
Looking ahead, WEX is focused on amplifying its core business, expanding its reach into adjacent workflows, and accelerating innovation through technology and data. The company's strategy is guided by three pillars: strengthening leadership positions, extending its platform into new use cases, and driving greater productivity and customer value from investments. WEX is committed to attracting, developing, and retaining exceptional talent, with a focus on employee well-being and a diverse, engaged workforce. The company is also navigating a complex regulatory landscape, including laws and regulations related to financial technology services, payment cards, banking, and healthcare.
About WEX Inc.
WEX Inc. is a global provider of business-to-business payment solutions, offering fleet management, benefits administration, and corporate payment services. Its core offerings include fuel and fleet card processing, employee benefits SaaS platforms, and virtual payment solutions. Serving diverse industries worldwide, WEX leverages proprietary technology, data analytics, and a robust ecosystem to simplify complex financial workflows, enhance security, and drive operational efficiencies for its customers.
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