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
Compare with CrossAmerica Partners LP, TMD Energy Ltd or CBL International Ltd, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
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.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 shares | 59.0M shares | 61.4M 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 shares | 59.5M shares | 61.7M 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 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $193.5M | $382.9M | ||
| Accounts receivable, net of allowance for credit losses of $15.6 million and $22.5 million as of December 31, 2025 and 2024, respectively | $2.2B | $2.4B | ||
| Inventories | $454.2M | $513.5M | ||
| Prepaid expenses | $86.6M | $71.4M | ||
| Short-term derivative assets, net | $100.5M | $176.5M | ||
| Other current assets | $457.2M | $382.2M | ||
| Total current assets | $3.5B | $4.0B | ||
| Property and equipment, net | $348.4M | $513.3M | ||
| Goodwill | $737.5M | $1.2B | $1.2B | |
| Identifiable intangible assets, net | $311.7M | $261.2M | ||
| Other non-current assets | $965.9M | $816.4M | ||
| Total assets | $5.9B | $6.7B | ||
| Current maturities of long-term debt | $11.9M | $84.0M | ||
| Accounts payable | $2.6B | $2.7B | ||
| Short-term derivative liabilities, net | $52.7M | $91.5M | ||
| Accrued expenses and other current liabilities | $658.9M | $535.8M | ||
| Total current liabilities | $3.3B | $3.4B | ||
| Long-term debt | $685.2M | $796.8M | ||
| Other long-term liabilities | $560.4M | $541.2M | ||
| Total liabilities | $4.6B | $4.8B | ||
| Preferred stock, $1.00 par value; 0.1 shares authorized, none issued | $0 | $0 | ||
| Common stock, $0.01 par value; 100.0 shares authorized, 54.1 and 56.7 issued and outstanding as of December 31, 2025 and 2024, respectively | $500.0K | $600.0K | ||
| Capital in excess of par value | $0 | $30.0M | ||
| Retained earnings | $1.3B | $2.0B | ||
| Accumulated other comprehensive income (loss) | -$17.3M | -$91.0M | ||
| Total World Kinect shareholders' equity | $1.3B | $1.9B | ||
| Noncontrolling interest | $8.8M | $7.2M | ||
| Total equity | $1.3B | $2.0B | $1.9B | $2.0B |
| Total liabilities and equity | $5.9B | $6.7B | ||
| Allowance for credit losses | $15.6M | $22.5M | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, shares authorized (in shares) | 100.0K shares | 100.0K shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued (in shares) | 54.1M shares | 56.7M shares | ||
| Common stock, shares outstanding (in shares) | 54.1M shares | 56.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $193.5M | $382.9M | ||
| Accounts receivable, net of allowance for credit losses of $15.6 million and $22.5 million as of December 31, 2025 and 2024, respectively | $2.2B | $2.4B | ||
| Inventories | $454.2M | $513.5M | ||
| Prepaid expenses | $86.6M | $71.4M | ||
| Short-term derivative assets, net | $100.5M | $176.5M | ||
| Other current assets | $457.2M | $382.2M | ||
| Total current assets | $3.5B | $4.0B | ||
| Property and equipment, net | $348.4M | $513.3M | ||
| Goodwill | $737.5M | $1.2B | $1.2B | |
| Identifiable intangible assets, net | $311.7M | $261.2M | ||
| Other non-current assets | $965.9M | $816.4M | ||
| Total assets | $5.9B | $6.7B | ||
| Current maturities of long-term debt | $11.9M | $84.0M | ||
| Accounts payable | $2.6B | $2.7B | ||
| Short-term derivative liabilities, net | $52.7M | $91.5M | ||
| Accrued expenses and other current liabilities | $658.9M | $535.8M | ||
| Total current liabilities | $3.3B | $3.4B | ||
| Long-term debt | $685.2M | $796.8M | ||
| Other long-term liabilities | $560.4M | $541.2M | ||
| Total liabilities | $4.6B | $4.8B | ||
| Preferred stock, $1.00 par value; 0.1 shares authorized, none issued | $0 | $0 | ||
| Common stock, $0.01 par value; 100.0 shares authorized, 54.1 and 56.7 issued and outstanding as of December 31, 2025 and 2024, respectively | $500.0K | $600.0K | ||
| Capital in excess of par value | $0 | $30.0M | ||
| Retained earnings | $1.3B | $2.0B | ||
| Accumulated other comprehensive income (loss) | -$17.3M | -$91.0M | ||
| Total World Kinect shareholders' equity | $1.3B | $1.9B | ||
| Noncontrolling interest | $8.8M | $7.2M | ||
| Total equity | $1.3B | $2.0B | $1.9B | $2.0B |
| Total liabilities and equity | $5.9B | $6.7B | ||
| Allowance for credit losses | $15.6M | $22.5M | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, shares authorized (in shares) | 100.0K shares | 100.0K shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued (in shares) | 54.1M shares | 56.7M shares | ||
| Common stock, shares outstanding (in shares) | 54.1M shares | 56.7M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) including noncontrolling interest | -$611.7M | $67.9M | $53.7M |
| Unrealized (gain) loss on derivatives | $28.3M | $24.9M | -$267.5M |
| (Gain) loss on sale of business | $81.9M | $15.2M | -$2.2M |
| Depreciation and amortization | $98.2M | $106.4M | $104.5M |
| Noncash operating lease expense | $37.1M | $36.0M | $34.7M |
| Provision for credit losses | $3.9M | $12.0M | $4.7M |
| Share-based payment award compensation costs | $25.5M | $28.1M | $24.2M |
| Deferred income tax expense (benefit) | -$176.4M | -$15.3M | -$30.7M |
| Unrealized foreign currency (gains) losses, net | $14.4M | $30.6M | -$16.5M |
| Goodwill and other asset impairments | $689.6M | $29.0M | $32.8M |
| Other | $44.8M | $16.6M | $25.2M |
| Accounts receivable, net | $106.4M | $259.1M | $569.2M |
| Inventories | $1.0M | $133.0M | $186.8M |
| Prepaid expenses | -$18.7M | -$2.3M | $6.7M |
| Other current assets | -$26.9M | $20.7M | -$30.5M |
| Cash collateral with counterparties | $44.8M | $105.4M | $168.9M |
| Other non-current assets | -$92.0M | -$117.7M | -$88.0M |
| Change in derivative assets and liabilities, net | $7.8M | -$3.4M | -$4.7M |
| Accounts payable | -$32.6M | -$355.9M | -$441.9M |
| Accrued expenses and other current liabilities | $45.0M | -$164.1M | -$48.0M |
| Other long-term liabilities | $22.4M | $33.7M | -$10.1M |
| Net cash provided by (used in) operating activities | $292.9M | $259.9M | $271.3M |
| Acquisition of business, net of cash acquired | -$153.6M | -$40.0M | -$13.7M |
| Proceeds from sale of business, net of divested cash | $23.4M | $209.0M | $9.3M |
| Capital expenditures | -$65.6M | -$68.2M | -$87.6M |
| Other investing activities, net | $25.9M | -$36.3M | -$9.1M |
| Net cash provided by (used in) investing activities | -$170.0M | $64.5M | -$101.1M |
| Borrowings of debt | $3.6B | $3.8B | $5.9B |
| Repayments of debt | -$3.8B | -$3.9B | -$6.2B |
| Issuance of Convertible Notes | $0 | $0 | $350.0M |
| Dividends paid on common stock | -$41.3M | -$38.5M | -$34.0M |
| Repurchases of common stock | -$85.0M | -$100.0M | -$60.1M |
| Purchase of convertible note hedges | $0 | $0 | -$70.5M |
| Sale of warrants | $0 | $0 | $40.0M |
| Payments of deferred consideration for acquisitions | -$7.2M | -$51.8M | -$62.9M |
| Other financing activities, net | -$9.9M | -$8.0M | -$12.2M |
| Net cash provided by (used in) financing activities | -$315.1M | -$230.6M | -$152.4M |
| Cash and cash equivalents | -$600.0K | $0 | $0 |
| Effect of exchange rate changes on cash and cash equivalents | $3.4M | -$15.2M | -$12.0M |
| Net increase (decrease) in cash and cash equivalents | -$189.4M | $78.7M | $5.9M |
No quarter-by-quarter statement was filed.
Leadership
Who has led World Fuel Services, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- FounderMichael J. Kasbar1
- Chief executive officerIra M. Birns Mar 17, 2026 to now15
- Chief executive officerMichael J. Kasbar Mar 19, 2012 to Mar 17, 202616
- Chief executive officerMichael Clementi Mar 23, 2006 to Mar 23, 200617
- Chief executive officerPaul H. Stebbins Mar 24, 2006 to Dec 22, 201118
- ChairMichael J. Kasbar Nov 24, 2014 to now19
- ChairPaul H. Stebbins Mar 19, 2012 to Apr 4, 201420
- PresidentMichael Clementi Mar 23, 2006 to Mar 23, 200617
- PresidentMichael J. Kasbar Mar 24, 2006 to now21
- Chief financial officerJose-Miguel Tejada Nov 13, 2025 to now22
- Chief financial officerIra M. Birns Apr 18, 2007 to Nov 13, 202523
- Chief financial officerRobert S. Tocci Mar 23, 2006 to Jun 21, 200624
- Chief financial officerFrancis X. Shea Jun 29, 2006 to Jun 29, 200625
- Chief operating officerMichael J. Kasbar Mar 24, 2006 to Mar 23, 201121
Board members and other officers (26)
- SVP, Chief Accounting OfficerJose-Miguel Tejada Aug 5, 2021 to now26
- EVP, Chf. Legal Officer, CoSecRobert Alexander Lake Mar 6, 2017 to May 12, 202127
- EVP, Global LandMichael Crosby Mar 7, 2016 to Mar 17, 202228
- SVP, Chief Accounting OfficerCarlos M. Velazquez Aug 12, 2013 to Aug 14, 201729
- Exec. VP and CRAOFrancis X. Shea Mar 23, 2006 to Mar 19, 201230
- Pres: World Fuel Services Inc.Michael Clementi Mar 23, 2006 to Mar 17, 201531
- Sr. VP & CAOPaul Nobel Jun 20, 2006 to May 29, 201232
- Board memberJeffrey Michael Kottkamp Apr 25, 2025 to now33
- Board memberGregory F. Piper Aug 4, 2025 to now34
- Board memberAndrea Smith Oct 28, 2025 to now35
- Board memberJill Smart Sep 7, 2021 to Jun 10, 202436
- Board memberSharda Cherwoo Feb 5, 2020 to now37
- Board memberStephen J. Gold Oct 4, 2017 to May 29, 201938
- Board memberJorge L. Benitez Jan 5, 2015 to now39
- Board memberAbby F. Kohnstamm Jan 4, 2012 to Jun 12, 201240
- Board memberJohn L. Manley Oct 25, 2010 to now41
- Board memberJoachim Heel Jun 4, 2007 to May 16, 201142
- Board memberMichael J. Kasbar Mar 24, 2006 to Mar 21, 201421
- Board memberPaul H. Stebbins Mar 24, 2006 to now18
- Board memberMyles Klein Mar 28, 2006 to May 5, 201743
- Board memberJ. Thomas Presby Mar 30, 2006 to May 14, 201944
- Board memberJohn Benbow Mar 31, 2006 to Dec 20, 200645
- Board memberKen Bakshi Mar 31, 2006 to now46
- Board memberJerome Sidel May 9, 2006 to Mar 8, 200747
- Board memberRichard A. Kassar May 15, 2006 to now48
- Board memberStephen K. Roddenberry Jun 20, 2006 to now49
Acquisitions
- Succeeded by World Kinect Corporation1
Former names
Timeline
- Mar 17, 2026New chief executive Ira M. Birns becomes CEO15
- Jun 14, 2017Parent Directly consolidated by World Kinect Corporation50
- Mar 19, 2012New chief executive Michael J. Kasbar becomes CEO16
- Mar 24, 2006New chief executive Paul H. Stebbins becomes CEO18
- Mar 23, 2006New chief executive Michael Clementi becomes CEO17
- 1986Went public Listed on NYSE1
- 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:
- Oct 6, 20264 EDGAR
- Oct 2, 2026144 EDGAR
- Sep 17, 20268-K EDGAR
- Sep 4, 20264 EDGAR
- Sep 2, 2026144 EDGAR
- Aug 17, 20264 EDGAR
- Aug 13, 2026144 EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 5, 20264 EDGAR
- Aug 3, 2026144 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 30, 2026144 EDGAR
- Jul 29, 2026144 EDGAR
- Jul 29, 2026144 EDGAR
- Jul 24, 202610-Q EDGAR
- Jul 23, 20268-K EDGAR
- Jul 14, 20264 EDGAR
- Jul 10, 2026144 EDGAR
- 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:
- Aug 7, 2026SCHEDULE 13G
- May 14, 2026SCHEDULE 13G/A
- May 12, 2026SCHEDULE 13G
- Apr 30, 2026SCHEDULE 13G
- Apr 29, 2026SCHEDULE 13G
- Apr 24, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Feb 12, 2026SCHEDULE 13G/A
- Nov 13, 2025SCHEDULE 13G
- 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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 9,732,587 | $320.6M | 0.0% | +1,007,462 |
| Brandes Investment Partners, LP | 4,399,303 | $144.9M | 1.0% | +109,463 |
| Vanguard Portfolio Management LLC | 3,827,773 | $126.1M | 0.0% | −46,639 |
| State Street Corp | 3,359,363 | $111.4M | 0.0% | −650,858 |
| Dimensional Fund Advisors LP | 2,929,743 | $96.5M | 0.0% | −309,578 |
| Vanguard Capital Management LLC | 2,233,564 | $73.6M | 0.0% | +4,671 |
| Invesco Ltd. | 1,942,618 | $64.0M | 0.0% | −363,168 |
| American Century Companies Inc | 1,643,776 | $54.1M | 0.0% | +231,121 |
| Aqr Capital Management LLC | 1,381,341 | $45.5M | 0.0% | +1,091,786 |
| Geode Capital Management, LLC | 1,310,201 | $43.2M | 0.0% | −31,128 |
| Charles Schwab Investment Management Inc | 1,068,121 | $35.2M | 0.0% | −153,776 |
| Morgan Stanley | 956,641 | $31.5M | 0.0% | +86,211 |
| Arrowstreet Capital, Limited Partnership | 935,570 | $30.8M | 0.0% | +290,629 |
| EVR Research LP | 880,000 | $29.0M | 14.3% | −60,000 |
| Two Sigma Investments, LP | 861,089 | $28.4M | 0.0% | +802,466 |
| Fmr LLC | 731,090 | $24.1M | 0.0% | −79,470 |
| Wells Fargo & Company/mn | 703,018 | $23.2M | 0.0% | +54,258 |
| Bank Of Montreal /can/ | 664,009 | $21.9M | 0.0% | +878 |
| Bank Of America Corp /de/ | 637,600 | $21.0M | 0.0% | +69,597 |
| Northern Trust Corp | 604,686 | $19.9M | 0.0% | −479 |
| Nomura Holdings Inc | 533,296 | $17.6M | 0.1% | +33,793 |
| Glenmede Trust Co Na | 475,354 | $15.7M | 0.1% | +75,977 |
| Millennium Management LLC | 464,469 | $15.3M | 0.0% | −162,247 |
| Goldman Sachs Group Inc | 455,818 | $15.0M | 0.0% | +149,362 |
| Jane Street Group, LLC | 412,188 | $13.6M | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.wfscorp.com1
- WikidataQ8035757
- SEC EDGARCIK 789460
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataWorld Fuel Services on Wikidata
- 2
- 3Yahoo FinanceWKC quote
- 4Wikimedia CommonsWorld Fuel Services logo by World Fuel Services, Public domain
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- 19SEC EDGARMichael J. Kasbar, Chair
- 20SEC EDGARPaul H. Stebbins, Chair
- 21SEC EDGARMichael J. Kasbar, President
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- 28SEC EDGARMichael Crosby, EVP, Global Land
- 29
- 30SEC EDGARFrancis X. Shea, Exec. VP and CRAO
- 31
- 32SEC EDGARPaul Nobel, Sr. VP & CAO
- 33
- 34SEC EDGARGregory F. Piper, Board member
- 35SEC EDGARAndrea Smith, Board member
- 36SEC EDGARJill Smart, Board member
- 37SEC EDGARSharda Cherwoo, Board member
- 38SEC EDGARStephen J. Gold, Board member
- 39SEC EDGARJorge L. Benitez, Board member
- 40SEC EDGARAbby F. Kohnstamm, Board member
- 41SEC EDGARJohn L. Manley, Board member
- 42SEC EDGARJoachim Heel, Board member
- 43SEC EDGARMyles Klein, Board member
- 44SEC EDGARJ. Thomas Presby, Board member
- 45SEC EDGARJohn Benbow, Board member
- 46SEC EDGARKen Bakshi, Board member
- 47SEC EDGARJerome Sidel, Board member
- 48SEC EDGARRichard A. Kassar, Board member
- 49SEC EDGARStephen K. Roddenberry, Board member
- 50