WKC on NYSE

World Fuel Services

Logo: World Fuel Services, Public domain, via Wikimedia Commons4

American energy company based in Miami, incorporated in Florida.1

$36.15 down 0.61 (1.67%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

1984Founded1

Compare with CrossAmerica Partners LP, TMD Energy Ltd or CBL International Ltd, or pick any stock.

  • TickerWKC on NYSE1
  • Industryenergy industry1
  • HeadquartersMiami1
  • Websitewww.wfscorp.com
  • Legal formcorporation1
  • Incorporated inFL5
  • Business address9800 N.W. 41St Street, Miami, Fl 331785
  • Filer categoryLarge accelerated filer5

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.6%Gross margin6
-1.5%Operating margin6
-1.7%Net margin6
-12.5%Revenue growth, 20256
-47.3%Return on equity6
$227.3MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Aviation brought in 51% of the revenue World Fuel Services broke down this way in fiscal 2025.

  1. Aviation$19.0B651%down 7% from 2024
  2. Land$10.2B628%down 20% from 2024
  3. Marine$7.7B621%down 14% from 2024
Business segments by year
Business segments202320242025
Aviation$23.3B$20.5B$19.0B
Land$15.2B$12.8B$10.2B
Marine$9.2B$8.9B$7.7B

Regions

United States brought in 39% of the revenue World Fuel Services broke down this way in fiscal 2025.

  1. United States$19.3B639%down 8% from 2024
  2. EMEA$7.9B616%down 18% from 2024
  3. Americas (Excluding United States)$5.1B610%down 18% from 2024
  4. Asia Pacific$4.6B69%down 15% from 2024
  5. Singapore$4.5B69%down 15% from 2024
  6. Latin America$4.4B69%down 19% from 2024
  7. United Kingdom$3.1B66%down 35% from 2024
Regions by year
Regions202320242025
United States$25.4B$20.9B$19.3B
EMEA$10.0B$9.7B$7.9B
Americas (Excluding United States)$6.9B$6.2B$5.1B
Asia Pacific$5.5B$5.4B$4.6B
Singapore$5.3B$5.3B$4.5B
Latin America$6.0B$5.5B$4.4B
United Kingdom$5.3B$4.8B$3.1B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue97¢$36.0B
  • Other costs2¢$707.9M
  • Interest0¢$112.0M
  • Income tax0¢$127.9M

Out of $36.9B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending22¢$65.6M
  • Dividends paid14¢$41.3M
  • Share buybacks29¢$85.0M
  • Kept or used elsewhere34¢$101.0M

Out of $292.9M of cash from operations.6

Financial statements

Revenue789106$36.9B in 2025+0% since 2019
0$20.0B$40.0B$60.0B2019: $36.8B$36.8B20192020: $20.4B$20.4B2020−45%2021: $31.3B$31.3B2021+54%2022: $59.0B$59.0B2022+88%2023: $47.7B$47.7B2023−19%2024: $42.2B$42.2B2024−12%2025: $36.9B$36.9B2025−12%
Gross profit789106$947.8M in 2025−15% since 2019
0$500.0M$1.0B$1.5B2019: $1.1B$1.1B20192020: $851.8M$851.8M2020−23%2021: $788.2M$788.2M2021−7%2022: $1.1B$1.1B2022+38%2023: $1.1B$1.1B2023−3%2024: $1.0B$1.0B2024−3%2025: $947.8M$947.8M2025−8%
Operating income789106-$564.7M in 2025
-$750.0M-$500.0M-$250.0M0$250.0M$500.0M2019: $299.7M$299.7M20192020: $137.9M$137.9M2020−54%2021: $142.6M$142.6M2021+3%2022: $273.2M$273.2M2022+92%2023: $198.0M$198.0M2023−28%2024: $210.6M$210.6M2024+6%2025: -$564.7M-$564.7M2025
Net income789106-$614.4M in 2025
-$800.0M-$600.0M-$400.0M-$200.0M0$200.0M2019: $178.9M$178.9M20192020: $109.6M$109.6M2020−39%2021: $73.7M$73.7M2021−33%2022: $114.1M$114.1M2022+55%2023: $52.9M$52.9M2023−54%2024: $67.4M$67.4M2024+27%2025: -$614.4M-$614.4M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenue$36.9B$42.2B$47.7B
Cost of revenue$36.0B$41.1B$46.7B
Gross profit$947.8M$1.0B$1.1B
Compensation and employee benefits$437.4M$482.5M$512.3M
General and administrative$282.5M$297.1M$308.0M
Goodwill and other asset impairments$689.6M$29.0M$32.8M
Restructuring and Exit Activities Charges$103.1M$7.1M$7.2M
Total operating expenses$1.5B$815.7M$860.2M
Income (loss) from operations-$564.7M$210.6M$198.0M
Interest expense and other financing costs, net-$100.6M-$102.2M-$127.7M
Other income (expense), net-$74.3M-$12.9M-$3.6M
Total non-operating income (expense), net-$174.9M-$115.1M-$131.3M
Income (loss) before income taxes-$739.7M$95.5M$66.7M
Income tax expense (benefit)-$127.9M$27.6M$13.0M
Net income (loss) attributable to noncontrolling interest$2.7M$500.0K$800.0K
Net income (loss) attributable to World Kinect-$614.4M$67.4M$52.9M
Basic earnings (loss) per common share (in dollars per share)-$10.99$1.14$0.86
Basic weighted average common shares (in shares)55.9M shares59.0M shares61.4M shares
Diluted earnings (loss) per common share (in dollars per share)-$10.99$1.13$0.86
Diluted weighted average common shares (in shares)55.9M shares59.5M shares61.7M shares
Net income (loss) including noncontrolling interest-$611.7M$67.9M$53.7M
Foreign currency translation adjustments$74.6M$67.4M$19.9M
Cash flow hedges, net of income tax expense (benefit) of ($0.3), ($3.5), and ($2.7) for 2025, 2024, and 2023, respectively-$900.0K-$9.6M-$8.1M
Total other comprehensive income (loss)$73.7M$57.9M$11.8M
Comprehensive income (loss) including noncontrolling interest-$538.0M$125.8M$65.5M
Comprehensive income (loss) attributable to noncontrolling interest$2.7M$500.0K$800.0K
Comprehensive income (loss) attributable to World Kinect-$540.7M$125.3M$64.7M
Cash flow hedges, income tax expense (benefit)-$300.0K-$3.5M-$2.7M

Compare World Fuel Services with another company

Leadership

Who has led World Fuel Services, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (26)

Acquisitions

  1. Succeeded by World Kinect Corporation1

Former names

  • WORLD FUEL SERVICES CORPNov 1, 1995 to Jun 7, 20235
  • INTERNATIONAL RECOVERY CORPJan 28, 1994 to Feb 8, 19955

Timeline

  1. Mar 17, 2026New chief executive Ira M. Birns becomes CEO15
  2. Jun 14, 2017Parent Directly consolidated by World Kinect Corporation50
  3. Mar 19, 2012New chief executive Michael J. Kasbar becomes CEO16
  4. Mar 24, 2006New chief executive Paul H. Stebbins becomes CEO18
  5. Mar 23, 2006New chief executive Michael Clementi becomes CEO17
  6. 1986Went public Listed on NYSE1
  7. 1984Founded Founded1

Filings

286 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 128 insider forms, 27 large holders, 51 other. The latest 20:

  1. Oct 6, 20264 EDGAR
  2. Oct 2, 2026144 EDGAR
  3. Sep 17, 20268-K EDGAR
  4. Sep 4, 20264 EDGAR
  5. Sep 2, 2026144 EDGAR
  6. Aug 17, 20264 EDGAR
  7. Aug 13, 2026144 EDGAR
  8. Aug 7, 2026SCHEDULE 13G EDGAR
  9. Aug 5, 20264 EDGAR
  10. Aug 3, 2026144 EDGAR
  11. Jul 31, 20264 EDGAR
  12. Jul 31, 20264 EDGAR
  13. Jul 30, 2026144 EDGAR
  14. Jul 29, 2026144 EDGAR
  15. Jul 29, 2026144 EDGAR
  16. Jul 24, 202610-Q EDGAR
  17. Jul 23, 20268-K EDGAR
  18. Jul 14, 20264 EDGAR
  19. Jul 10, 2026144 EDGAR
  20. Jul 7, 20264 EDGAR

The 286 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 27 such filings since October 2021, the latest 10:

  1. Aug 7, 2026SCHEDULE 13G
  2. May 14, 2026SCHEDULE 13G/A
  3. May 12, 2026SCHEDULE 13G
  4. Apr 30, 2026SCHEDULE 13G
  5. Apr 29, 2026SCHEDULE 13G
  6. Apr 24, 2026SCHEDULE 13G/A
  7. Mar 27, 2026SCHEDULE 13G/A
  8. Feb 12, 2026SCHEDULE 13G/A
  9. Nov 13, 2025SCHEDULE 13G
  10. May 9, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,732,587$320.6M0.0%+1,007,462
Brandes Investment Partners, LP4,399,303$144.9M1.0%+109,463
Vanguard Portfolio Management LLC3,827,773$126.1M0.0%−46,639
State Street Corp3,359,363$111.4M0.0%−650,858
Dimensional Fund Advisors LP2,929,743$96.5M0.0%−309,578
Vanguard Capital Management LLC2,233,564$73.6M0.0%+4,671
Invesco Ltd.1,942,618$64.0M0.0%−363,168
American Century Companies Inc1,643,776$54.1M0.0%+231,121
Aqr Capital Management LLC1,381,341$45.5M0.0%+1,091,786
Geode Capital Management, LLC1,310,201$43.2M0.0%−31,128
Charles Schwab Investment Management Inc1,068,121$35.2M0.0%−153,776
Morgan Stanley956,641$31.5M0.0%+86,211
Arrowstreet Capital, Limited Partnership935,570$30.8M0.0%+290,629
EVR Research LP880,000$29.0M14.3%−60,000
Two Sigma Investments, LP861,089$28.4M0.0%+802,466
Fmr LLC731,090$24.1M0.0%−79,470
Wells Fargo & Company/mn703,018$23.2M0.0%+54,258
Bank Of Montreal /can/664,009$21.9M0.0%+878
Bank Of America Corp /de/637,600$21.0M0.0%+69,597
Northern Trust Corp604,686$19.9M0.0%−479
Nomura Holdings Inc533,296$17.6M0.1%+33,793
Glenmede Trust Co Na475,354$15.7M0.1%+75,977
Millennium Management LLC464,469$15.3M0.0%−162,247
Goldman Sachs Group Inc455,818$15.0M0.0%+149,362
Jane Street Group, LLC412,188$13.6M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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