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Wex Inc   (WEX)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 

WEX's Net Income Growth by Quarter and Year

Wex Inc 's Net Income results by quarter and year




WEX Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 84.90 88.69 50.86 -57.72
III Quarter September 18.40 -44.15 51.87 13.39
II Quarter June 95.30 34.13 10.21 -12.27
I Quarter March 68.00 88.79 23.21 64.79
FY   266.60 167.46 136.15 8.19



WEX Net Income fourth quarter 2023 Y/Y Growth Comment
Wex Inc reported decrease in Net Income in the fourth quarter 2023 by -4.27% to $ 84.90 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Wex Inc 's Net Income compares unfavorably to the Company's average Net Income jump of 62.81%.

Looking into fourth quarter 2023 results within Professional Services industry 17 other companies have achieved higher Net Income growth. While Wex Inc ' s Net Income decline of -4.27% ranks overall at the positon no. 504 in the fourth quarter 2023.




WEX Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -4.27 % 74.38 % - -
III Quarter September - - 287.38 % -57.96 %
II Quarter June 179.23 % 234.28 % - -
I Quarter March -23.41 % 282.55 % -64.18 % 173.15 %
FY   59.2 % 23 % 1562.39 % -92.83 %

Financial Statements
Wex Inc 's fourth quarter 2023 Net Income $ 84.90 millions WEX's Income Statement
Wex Inc 's fourth quarter 2022 Net Income $ 88.69 millions Quarterly WEX's Income Statement
New: More WEX's historic Net Income Growth >>


WEX Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 361.41 % - -1.95 % -
III Quarter September -80.69 % - 408.03 % -
II Quarter June 40.15 % -61.56 % -56.01 % -
I Quarter March -23.33 % 74.58 % - 52.63 %
FY (Year on Year)   59.2 % 23 % 1562.39 % -92.83 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Professional Services Industry #18
Services Sector #72
Overall #504

Net Income Y/Y Growth Statistics
High Average Low
1134.33 % 62.81 % -85.33 %
(Dec 31 2017)   (Dec 31 2016)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Professional Services Industry #18
Services Sector #72
Overall #504
Net Income Y/Y Growth Statistics
High Average Low
1134.33 % 62.81 % -85.33 %
(Dec 31 2017)   (Dec 31 2016)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Wex Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
825.99 % 51.39 % -83.65 %
(Mar 31 2017)  


WEX's IV. Quarter Q/Q Net Income Comment
Wex Inc achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 361.41%, to $ 84.90 millions, from $18.40 millions in the third quarter.
WEX is going from strength to strength, with reporting better then normal increase, and also improving rate, Gianna Giordano, market consultant said.

Within Professional Services industry only one company achieved higher sequential Net Income growth. While Wex Inc 's Net Income growth quarter on quarter, overall rank is 52.


Net Income Q/Q Growth Company Ranking
Within: No.
Professional Services Industry #2
Services Sector #9
Overall #52
Net Income Q/Q Growth Company Ranking
Within: No.
Professional Services Industry #2
Services Sector #9
Overall #52
Net Income Q/Q Growth Statistics
High Average Low
825.99 % 51.39 % -83.65 %
(Mar 31 2017)  


WEX's IV. Quarter Q/Q Net Income Comment
Wex Inc achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 361.41%, to $ 84.90 millions, from $18.40 millions in the third quarter.
Professional Services company is going from strength to strength, not only reporting better then regular gain, but also improving pace.

Within Professional Services industry only one company achieved higher sequential Net Income growth. While Wex Inc 's Net Income growth quarter on quarter, overall rank is 52.


Wex Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 266.60 $ 270.39 $ 207.85 $ 146.68 $ 167.46
Y / Y Net Income Growth (TTM) 59.2 % 108.59 % -7.89 % -27.29 % 23.01 %
Year on Year Net Income Growth Overall Ranking # 283 # 7 # 5 # 8 # 23
Seqeuential Net Income Change (TTM) -1.4 % 30.09 % 41.71 % -12.41 % 29.18 %
Seq. Net Income Growth (TTM) Overall Ranking # 252 # 274 # 95 # 64 # 69




Cumulative Net Income growth Comment
Assuming the Wex Inc 's fiscal year would have ended in Dec 31 2023, Wex Inc would have reprted above average annual Net Income growth of 59.2% year on year, of $ 267 millions.
This marks a slow-down of the companys growth trends and from the 108.59% surge in Sep 30 2023.

In the Services sector 38 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 7 to 283.

Net Income TTM Q/Q Growth Statistics
High Average Low
1561.45 %
54.2 %
-121.5 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Professional Services Industry # 6
Services Sector # 39
Overall # 283

Net Income TTM Y/Y Growth Statistics
High Average Low
1561.45 %
54.2 %
-121.5 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 37
S&P 500 # 252
Cumulative Net Income growth Comment
Assuming the Wex Inc 's fiscal year would have ended in Dec 31 2023, Wex Inc would have reprted above average annual Net Income growth of 59.2% year on year, of $ 267 millions.
This marks a slow-down of the companys growth trends and from the 108.59% surge in Sep 30 2023.

In the Services sector 38 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 7 to 283.

Net Income TTM Q/Q Growth Statistics
High Average Low
1561.45 %
54.2 %
-121.5 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Professional Services Industry # 6
Services Sector # 39
Overall # 283

Net Income TTM Y/Y Growth Statistics
High Average Low
1561.45 %
54.2 %
-121.5 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 37
S&P 500 # 252




Other Net Income Growth
Professional Services Industry Net Income Growth Trends and Statistics
Services Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
WEX's Net Income Growth Ratio versus Professional Services Industry, Services Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for WEX's Competitors
Net Income Growth for Wex Inc 's Suppliers
Net Income Growth for WEX's Customers

You may also want to know
WEX's Annual Growth Rates WEX's Profitability Ratios WEX's Asset Turnover Ratio WEX's Dividend Growth
WEX's Roe WEX's Valuation Ratios WEX's Financial Strength Ratios WEX's Dividend Payout Ratio
WEX's Roa WEX's Inventory Turnover Ratio WEX's Growth Rates WEX's Dividend Comparisons



Companies with similar Net Income surge for the quarter ending Dec 31 2023 within Services SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
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Wex Inc -4.27%$ -4.274 millions
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