WEX (STU:WL9) Accounts Payable & Accrued Expense : €3,493 Mil (As of Mar. 2024)

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What is WEX Accounts Payable & Accrued Expense?

WEX's quarterly accounts payable & accrued expense declined from Sep. 2023 (€3,416 Mil) to Dec. 2023 (€3,242 Mil) but then increased from Dec. 2023 (€3,242 Mil) to Mar. 2024 (€3,493 Mil).

WEX's annual accounts payable & accrued expense increased from Dec. 2021 (€1,962 Mil) to Dec. 2022 (€2,782 Mil) and increased from Dec. 2022 (€2,782 Mil) to Dec. 2023 (€3,242 Mil).

WEX Accounts Payable & Accrued Expense Historical Data

The historical data trend for WEX's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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WEX Accounts Payable & Accrued Expense Chart

WEX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,310.32

1,330.24

1,962.50

2,781.69

3,241.87

WEX Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2,899.51	3,191.00	3,416.49	3,241.87	3,492.87

WEX Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

WEX (STU:WL9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (STU:WL9) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

WEX:USA

Address

1 Hancock Street, Portland, ME, USA, 04101

Website

https://www.wexinc.com

WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Fleet solutions, Travel & Corporate Solutions, and Health & Employee Benefit Solutions. Fleet Solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

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