What are the key expenses affecting WEX's profitability?
3/30/2025 08:11pm
**Interest Expenses and Income Tax are significant expenses affecting WEX's profitability.**
1. **Interest Expenses**: WEX incurs substantial interest expenses, with the most recent data showing $57.4 million for the period ending December 31, 2024. These expenses are a key component of the company's total costs, impacting its net income.
2. **Income Tax**: The company also has notable income tax expenses, with the latest figures showing $16.6 million for the same period. Tax liabilities can significantly affect the net profit that WEX realizes, and thus are a critical factor in the company's overall financial performance.
Other expenses that may impact WEX's profitability include cost of goods sold and operating expenses. However, the provided data does not include these details, so a full analysis of WEX's profitability would require additional information.