World Fuel Services Corporation

INT

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

42,168

Cost of Revenue

41,142

Gross Profit

1,026

Gross Margin

2.4%

Operating Income

211

Operating Margin

0.5%

Net Income

Net Margin

0.2%

EPS (Basic)

$1.14

EPS (Diluted)

$1.13

EBITDA

211

EBITDA Margin

0.5%

2023

12/31/2023

Revenue

47,711

Cost of Revenue

46,652

Gross Profit

1,058

Gross Margin

2.2%

Operating Income

198

Operating Margin

0.4%

Net Income

Net Margin

0.1%

EPS (Basic)

$0.86

EPS (Diluted)

$0.86

EBITDA

EBITDA Margin

0.1%

2022

12/31/2022

Revenue

59,043

Cost of Revenue

57,954

Gross Profit

1,089

Gross Margin

1.8%

Operating Income

273

Operating Margin

0.5%

Net Income

114

Net Margin

0.2%

EPS (Basic)

$1.83

EPS (Diluted)

$1.82

EBITDA

346

EBITDA Margin

0.6%

2021

12/31/2021

Revenue

31,337

Cost of Revenue

30,549

Gross Profit

788

Gross Margin

2.5%

Operating Income

143

Operating Margin

0.5%

Net Income

Net Margin

0.2%

EPS (Basic)

$1.17

EPS (Diluted)

$1.16

EBITDA

233

EBITDA Margin

0.7%

2020

12/31/2020

Revenue

20,358

Cost of Revenue

19,507

Gross Profit

852

Gross Margin

4.2%

Operating Income

243

Operating Margin

1.2%

Net Income

110

Net Margin

0.5%

EPS (Basic)

$1.72

EPS (Diluted)

$1.71

EBITDA

328

EBITDA Margin

1.6%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	42,168	47,711	59,043	31,337	20,358
Cost of Revenue	41,142	46,652	57,954	30,549	19,507
Gross Profit	1,026	1,058	1,089	788	852
Gross Margin	2.4%	2.2%	1.8%	2.5%	4.2%
Operating Income	211	198	273	143	243
Operating Margin	0.5%	0.4%	0.5%	0.5%	1.2%
Net Income	67	53	114	74	110
Net Margin	0.2%	0.1%	0.2%	0.2%	0.5%
EPS (Basic)	$1.14	$0.86	$1.83	$1.17	$1.72
EPS (Diluted)	$1.13	$0.86	$1.82	$1.16	$1.71
EBITDA	211	44	346	233	328
EBITDA Margin	0.5%	0.1%	0.6%	0.7%	1.6%