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Dec 31, 2020
WEX Q4 2020 Earnings Report
WEX's Q4 2020 earnings were impacted by the pandemic, but the company showed resilience and advanced strategic objectives.
Key Takeaways
WEX Inc. reported a 9% decrease in total revenue for Q4 2020, totaling $399.0 million compared to $440.0 million in Q4 2019. The company experienced a net loss of $(234.2) million, or $(5.30) per diluted share, compared to a net income of $54.4 million, or $1.24 per diluted share, for the same period a year ago. Adjusted net income was $64.8 million, or $1.45 per diluted share, a 45% decrease from the previous year.
Total revenue decreased by 9% to $399.0 million.
Net loss attributable to shareholders was $(234.2) million, or $(5.30) per diluted share.
Adjusted net income was $64.8 million, or $1.45 per diluted share.
The company closed the eNett and Optal transactions at the end of 2020.
WEX
WEX
WEX Revenue by Segment
Revenue by Segment
Benefits Revenue
CapyFin.comPayment Processing Revenue
CapyFin.comAccount Servicing Revenue
CapyFin.comFinance Fee Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
WEX is not providing any financial guidance due to the continued uncertainty related to COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income