WORLD FUEL SERVICES CORPORATION

EDGAR

Annual consolidated revenue for 2025: about USD 36.92B, using the latest reported figures. The previous period, 2024, was about USD 42.17B.

Watchlist

Latest quarter

Revenue

13.3 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 13270700000 USD Source

Operating margin

0.6%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 80100000 USD Source
  • Revenue: 13270700000 USD Source

Operating cash flow

175 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 107500000 USD Source
  • Operating Cash Flow: -67700000 USD Source

Free cash flow

164 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 107500000 USD Source
  • Operating Cash Flow: -67700000 USD Source
  • Capital Expenditure: 38400000 USD Source
  • Capital Expenditure: 27600000 USD Source
Cash and cash equivalents
218 million USD Source
Exact value

217900000 USD

Long-term debt including current maturities
Not available
Shares outstanding
51.2 million shares Source
Exact value

51200000 shares

Reported share-count change

-7.91% · -4.4 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 55600000 shares · 2025-09-30· Source
  • 51200000 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Net income

-167 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: -614400000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -334700000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 26200000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 48400000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 38000000 USD · 2026-07-01 – 2026-09-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -12.5%

    Prior period

    USD 42.17 billion

    –

    Current period

    USD 36.92 billion

    –

    Exact inputs and evidence

    36916600000 − 42168000000 = -5251400000 USD

    42168000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    36916600000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -1,011.6%

    Prior period

    USD 67.4 million

    –

    Current period

    −USD 614.4 million

    –

    Exact inputs and evidence

    -614400000 − 67400000 = -681800000 USD

    67400000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -614400000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +12.7%

    Prior period

    USD 259.9 million

    –

    Current period

    USD 292.9 million

    –

    Exact inputs and evidence

    292900000 − 259900000 = 33000000 USD

    259900000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    292900000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -3.8%

    Prior period

    USD 68.2 million

    –

    Current period

    USD 65.6 million

    –

    Exact inputs and evidence

    65600000 − 68200000 = -2600000 USD

    68200000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    65600000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 36.92 billion 100% of revenue
  • Cost of revenue USD 35.97 billion 97% of revenue
  • Operating expenses USD 1.51 billion 4.1% of revenue
  • Operating income −USD 564.7 million −1.5% of revenue
  • Tax, interest and other Derived USD 49.7 million 0.1% of revenue
  • Net income −USD 614.4 million −1.7% of revenue

Cash

  • Operating cash flow USD 292.9 million 0.8% of revenue
  • Capital expenditure USD 65.6 million 0.2% of revenue
  • Free cash flow Derived USD 227.3 million 0.6% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 99%
  • 2017 Net loss: net income was −0.5% of revenue.
  • 2018 99%
  • 2019 99%
  • 2020 99%
  • 2021 100%
  • 2022 100%
  • 2023 100%
  • 2024 100%
  • 2025 Operating loss: operating costs were 102% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3127015800000 26826900000 Derived 188900000 62400000 Derived 126500000 14600000 Derived
Source
2017 2017-01-01 – 2017-12-3133695500000 33649900000 Derived 45600000 215800000 Derived -170200000 -187600000 Derived
Source
2018 2018-01-01 – 2018-12-3139750300000 39490600000 Derived 259700000 132000000 Derived 127700000 -254800000 Derived
Source
2019 2019-01-01 – 2019-12-3136819000000 36519300000 Derived 299700000 120800000 Derived 178900000 147900000 Derived
Source
2020 2020-01-01 – 2020-12-3120358300000 20220400000 Derived 137900000 28300000 Derived 109600000 552800000 Derived
Source
2021 2021-01-01 – 2021-12-3131337000000 31194400000 Derived 142600000 68900000 Derived 73700000 134000000 Derived
Source
2022 2022-01-01 – 2022-12-3159043100000 58769900000 Derived 273200000 159100000 Derived 114100000 59900000 Derived
Source
2023 2023-01-01 – 2023-12-3147710600000 47512600000 Derived 198000000 145100000 Derived 52900000 183700000 Derived
Source
2024 2024-01-01 – 2024-12-3142168000000 41957400000 Derived 210600000 143200000 Derived 67400000 191700000 Derived
Source
2025 2025-01-01 – 2025-12-3136916600000 37481300000 Derived -564700000 49700000 Derived -614400000 227300000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 36.9B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.63.8B47.8B31.9B15.9B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue27015800000
2017Revenue33695500000
2018Revenue39750300000
2019Revenue36819000000
2020Revenue20358300000
2021Revenue31337000000
2022Revenue59043100000
2023Revenue47710600000
2024Revenue42168000000
2025Revenue36916600000

Revenue growth

Change in revenue from the same financial period one year earlier.

-12.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.99%60%22%-17%-55%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-11.1%
2017Year over year24.7%
2018Year over year18%
2019Year over year-7.4%
2020Year over year-44.7%
2021Year over year53.9%
2022Year over year88.4%
2023Year over year-19.2%
2024Year over year-11.6%
2025Year over year-12.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -1.5% 2025
Net margin -1.7% 2025
Free cash flow margin 0.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.1%1.8%0.5%-0.7%-2.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin0.7%
2017Operating margin0.1%
2018Operating margin0.7%
2019Operating margin0.8%
2020Operating margin0.7%
2021Operating margin0.5%
2022Operating margin0.5%
2023Operating margin0.4%
2024Operating margin0.5%
2025Operating margin-1.5%
2016Net margin0.5%
2017Net margin-0.5%
2018Net margin0.3%
2019Net margin0.5%
2020Net margin0.5%
2021Net margin0.2%
2022Net margin0.2%
2023Net margin0.1%
2024Net margin0.2%
2025Net margin-1.7%
2016Free cash flow margin0.1%
2017Free cash flow margin-0.6%
2018Free cash flow margin-0.6%
2019Free cash flow margin0.4%
2020Free cash flow margin2.7%
2021Free cash flow margin0.4%
2022Free cash flow margin0.1%
2023Free cash flow margin0.4%
2024Free cash flow margin0.5%
2025Free cash flow margin0.6%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 292.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.667.0M438.9M210.8M-17.3M-245.4M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow50700000
2017Operating cash flow-133600000
2018Operating cash flow-182500000
2019Operating cash flow228800000
2020Operating cash flow604100000
2021Operating cash flow173200000
2022Operating cash flow138500000
2023Operating cash flow271300000
2024Operating cash flow259900000
2025Operating cash flow292900000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 227.3M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.617.4M383.2M149.0M-85.2M-319.4M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow14600000
2017Free cash flow-187600000
2018Free cash flow-254800000
2019Free cash flow147900000
2020Free cash flow552800000
2021Free cash flow134000000
2022Free cash flow59900000
2023Free cash flow183700000
2024Free cash flow191700000
2025Free cash flow227300000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

77.7% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.84%63%42%21%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets64.2%
2017Liabilities / assets68.9%
2018Liabilities / assets67.7%
2019Liabilities / assets68.4%
2020Liabilities / assets57.5%
2021Liabilities / assets67.7%
2022Liabilities / assets75.6%
2023Liabilities / assets73.6%
2024Liabilities / assets70.9%
2025Liabilities / assets77.7%

Current assets to current liabilities

Current assets divided by current liabilities.

1.06× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.90×1.42×0.95×0.47×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.76×
2017Current assets / current liabilities1.45×
2018Current assets / current liabilities1.35×
2019Current assets / current liabilities1.32×
2020Current assets / current liabilities1.57×
2021Current assets / current liabilities1.3×
2022Current assets / current liabilities1.14×
2023Current assets / current liabilities1.11×
2024Current assets / current liabilities1.15×
2025Current assets / current liabilities1.06×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 126.5 million
Exact value

Exact value: 126500000 USD

2016-01-01 – 2016-12-31: 126500000 USD Inspect Net Income Open source
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USD 50.7 million
Exact value

Exact value: 50700000 USD

2016-01-01 – 2016-12-31: 50700000 USD Inspect Operating Cash Flow Open source
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USD 36.1 million
Exact value

Exact value: 36100000 USD

2016-01-01 – 2016-12-31: 36100000 USD Inspect Capital Expenditure Open source
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USD 14.6 million
Calculation and evidence

50700000 − 36100000 USD

Exact free cash flow: 14600000 USD

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2017 2017-01-01 – 2017-12-31
−USD 170.2 million
Exact value

Exact value: -170200000 USD

2017-01-01 – 2017-12-31: -170200000 USD Inspect Net Income Open source
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−USD 133.6 million
Exact value

Exact value: -133600000 USD

2017-01-01 – 2017-12-31: -133600000 USD Inspect Operating Cash Flow Open source
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USD 54 million
Exact value

Exact value: 54000000 USD

2017-01-01 – 2017-12-31: 54000000 USD Inspect Capital Expenditure Open source
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−USD 187.6 million
Calculation and evidence

-133600000 − 54000000 USD

Exact free cash flow: -187600000 USD

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2018 2018-01-01 – 2018-12-31
USD 127.7 million
Exact value

Exact value: 127700000 USD

2018-01-01 – 2018-12-31: 127700000 USD Inspect Net Income Open source
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−USD 182.5 million
Exact value

Exact value: -182500000 USD

2018-01-01 – 2018-12-31: -182500000 USD Inspect Operating Cash Flow Open source
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USD 72.3 million
Exact value

Exact value: 72300000 USD

2018-01-01 – 2018-12-31: 72300000 USD Inspect Capital Expenditure Open source
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−USD 254.8 million
Calculation and evidence

-182500000 − 72300000 USD

Exact free cash flow: -254800000 USD

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2019 2019-01-01 – 2019-12-31
USD 178.9 million
Exact value

Exact value: 178900000 USD

2019-01-01 – 2019-12-31: 178900000 USD Inspect Net Income Open source
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USD 228.8 million
Exact value

Exact value: 228800000 USD

2019-01-01 – 2019-12-31: 228800000 USD Inspect Operating Cash Flow Open source
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USD 80.9 million
Exact value

Exact value: 80900000 USD

2019-01-01 – 2019-12-31: 80900000 USD Inspect Capital Expenditure Open source
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USD 147.9 million
Calculation and evidence

228800000 − 80900000 USD

Exact free cash flow: 147900000 USD

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2020 2020-01-01 – 2020-12-31
USD 109.6 million
Exact value

Exact value: 109600000 USD

2020-01-01 – 2020-12-31: 109600000 USD Inspect Net Income Open source
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USD 604.1 million
Exact value

Exact value: 604100000 USD

2020-01-01 – 2020-12-31: 604100000 USD Inspect Operating Cash Flow Open source
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USD 51.3 million
Exact value

Exact value: 51300000 USD

2020-01-01 – 2020-12-31: 51300000 USD Inspect Capital Expenditure Open source
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USD 552.8 million
Calculation and evidence

604100000 − 51300000 USD

Exact free cash flow: 552800000 USD

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2021 2021-01-01 – 2021-12-31
USD 73.7 million
Exact value

Exact value: 73700000 USD

2021-01-01 – 2021-12-31: 73700000 USD Inspect Net Income Open source
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USD 173.2 million
Exact value

Exact value: 173200000 USD

2021-01-01 – 2021-12-31: 173200000 USD Inspect Operating Cash Flow Open source
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USD 39.2 million
Exact value

Exact value: 39200000 USD

2021-01-01 – 2021-12-31: 39200000 USD Inspect Capital Expenditure Open source
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USD 134 million
Calculation and evidence

173200000 − 39200000 USD

Exact free cash flow: 134000000 USD

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2022 2022-01-01 – 2022-12-31
USD 114.1 million
Exact value

Exact value: 114100000 USD

2022-01-01 – 2022-12-31: 114100000 USD Inspect Net Income Open source
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USD 138.5 million
Exact value

Exact value: 138500000 USD

2022-01-01 – 2022-12-31: 138500000 USD Inspect Operating Cash Flow Open source
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USD 78.6 million
Exact value

Exact value: 78600000 USD

2022-01-01 – 2022-12-31: 78600000 USD Inspect Capital Expenditure Open source
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USD 59.9 million
Calculation and evidence

138500000 − 78600000 USD

Exact free cash flow: 59900000 USD

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2023 2023-01-01 – 2023-12-31
USD 52.9 million
Exact value

Exact value: 52900000 USD

2023-01-01 – 2023-12-31: 52900000 USD Inspect Net Income Open source
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USD 271.3 million
Exact value

Exact value: 271300000 USD

2023-01-01 – 2023-12-31: 271300000 USD Inspect Operating Cash Flow Open source
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USD 87.6 million
Exact value

Exact value: 87600000 USD

2023-01-01 – 2023-12-31: 87600000 USD Inspect Capital Expenditure Open source
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USD 183.7 million
Calculation and evidence

271300000 − 87600000 USD

Exact free cash flow: 183700000 USD

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2024 2024-01-01 – 2024-12-31
USD 67.4 million
Exact value

Exact value: 67400000 USD

2024-01-01 – 2024-12-31: 67400000 USD Inspect Net Income Open source
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USD 259.9 million
Exact value

Exact value: 259900000 USD

2024-01-01 – 2024-12-31: 259900000 USD Inspect Operating Cash Flow Open source
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USD 68.2 million
Exact value

Exact value: 68200000 USD

2024-01-01 – 2024-12-31: 68200000 USD Inspect Capital Expenditure Open source
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USD 191.7 million
Calculation and evidence

259900000 − 68200000 USD

Exact free cash flow: 191700000 USD

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2025 2025-01-01 – 2025-12-31
−USD 614.4 million
Exact value

Exact value: -614400000 USD

2025-01-01 – 2025-12-31: -614400000 USD Inspect Net Income Open source
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USD 292.9 million
Exact value

Exact value: 292900000 USD

2025-01-01 – 2025-12-31: 292900000 USD Inspect Operating Cash Flow Open source
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USD 65.6 million
Exact value

Exact value: 65600000 USD

2025-01-01 – 2025-12-31: 65600000 USD Inspect Capital Expenditure Open source
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USD 227.3 million
Calculation and evidence

292900000 − 65600000 USD

Exact free cash flow: 227300000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

144 filings · 13,308 latest values · 13,308 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000789460, 789460, INT, WKC, edgar:789460

Also known as INTERNATIONAL RECOVERY CORP, WORLD FUEL SERVICES CORP, WORLD FUEL SERVICES CORPORATION, WORLD KINECT CORP, WORLD KINECT CORPORATION