Company Overview
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and markets its products through third-party administrators, financial institutions, payroll providers, and health plans. WEX Inc. was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. The company was founded in 1983 and is headquartered in Portland, Maine.
Why Investors Should Care
Generates a return on equity of 30.2%, reflecting efficient use of shareholder capital.
Net profit has compounded at 14.7% per year over the last five years.
Trades at a P/E of 18.8, below the sector median of 27.4.
Operating margin of 26.9% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $2.66B (+1.2% YoY); net profit $304.10M.
- Trailing 12 Months Year-on-year growth — revenue +14.2%, earnings +57.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 4.2%, profit CAGR 14.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 4.22% |
| 1 Year: | 14.20% |
Compounded Profit Growth
| 5 Years: | 14.72% |
| 1 Year: | 57.10% |
Stock Price Performance
| 1 Year: | +13.24% |
| 6 Months: | +30.58% |
| 3 Months: | +27.96% |
| 1 Month: | +23.02% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)73.98 · Overbought
P/E of 18.80 is below the sector median of 27.41 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 30.2%.
- Profit CAGR of 14.7% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | WEX WEX Inc. | 188.40 | 18.80 | $6.42B | 0.00% | 12.99% | 30.19% | 4.22% | 14.72% |
| 2 | TXN Texas Instruments Incorporated NDXSPXAI | 277.72 | 42.14 | $253.63B | 2.06% | 19.17% | 35.18% | 1.37% | 3.58% |
| 3 | XYZ Block, Inc. SPX | 84.20 | 65.78 | $45.06B | 0.00% | 10.44% | 3.74% | 39.77% | 28.31% |
| 4 | ZM Zoom Communications, Inc. AI | 100.64 | 14.82 | $26.63B | 0.00% | 11.28% | 21.95% | 3.49% | 163.63% |
| 5 | ZS Zscaler, Inc. NDXAI | 161.65 | -336.77 | $26.14B | 0.00% | -3.19% | -3.71% | 54.98% | - |
| 6 | ZBRA Zebra Technologies Corporation SPX | 368.99 | 44.51 | $17.58B | 0.00% | 12.03% | 11.78% | 11.27% | -5.09% |
| 7 | YMM Full Truck Alliance Co. Ltd. | 9.55 | 16.19 | $8.91B | 1.77% | 10.00% | 10.45% | 22.87% | 121.30% |
| 8 | CWAN Clearwater Analytics Holdings, Inc. R2K | 24.56 | -136.44 | $7.30B | 0.00% | -0.14% | -3.13% | 34.08% | -129.03% |
| 9 | ZETA Zeta Global Holdings Corp. R2K | 27.07 | -270.70 | $6.11B | 0.00% | 2.68% | -2.97% | 33.64% | - |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 239.72M | 236.82M | 244.87M | - | 266.31M | 314.15M | 326.87M | - | 314.12M | 253.13M | 277.54M | 301.18M | 337.65M | 351.29M | 369.60M | 441.30M | 439.40M | 444.00M | 444.50M | 469.30M | 469.40M | 478.60M | 479.00M | 444.30M | 659.60M | 691.70M | 672.80M | 673.80M | 753.60M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 272.80M | 274.30M | 283.60M | 280.10M | 289.80M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 386.80M | 417.40M | 389.20M | 393.70M | 463.80M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 230.00M | 234.00M | 222.90M | 235.60M | 260.70M |
| Operating Income | 62.92M | 67.75M | 49.89M | 41.13M | 51.63M | 54.57M | 47.80M | 56.70M | 52.45M | 50.82M | 73.46M | 83.86M | 100.42M | 102.56M | 93.79M | 68.94M | 94.74M | 118.31M | 103.86M | 74.83M | 28.78M | 1.84M | 50.54M | 82.28M | 100.82M | 122.30M | 171.10M | 21.30M | 154.30M | 159.40M | 174.90M | 164.50M | 168.10M | 196.40M | 157.30M | 156.80M | 183.40M | 166.30M | 158.10M | 203.10M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 242.40M | 263.90M | 250.70M | 243.70M | 285.70M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65.00M | 63.80M | 58.80M | 53.60M | 52.20M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 93.40M | 116.40M | 110.00M | 108.50M | 150.50M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.20M | 36.20M | 25.80M | 30.80M | 41.90M |
| Net Income | 26.49M | 32.17M | 20.90M | 23.09M | 12.57M | 19.70M | 5.29M | 26.88M | 19.77M | 26.23M | 87.18M | 51.97M | 38.42M | 56.64M | - | 16.13M | 31.53M | 43.08M | - | -13.63M | 12.72M | -58.96M | 22.48M | 9.97M | 51.73M | 88.50M | 34.10M | -44.10M | 68.00M | 95.30M | 18.40M | 65.80M | 77.00M | 102.90M | 71.50M | 68.10M | 80.30M | 84.30M | 77.70M | 108.50M |
| Diluted EPS | 0.68 | 0.83 | 0.54 | 0.59 | 0.32 | 0.46 | 0.12 | 0.62 | 0.46 | 0.61 | 2.02 | 1.20 | 0.88 | 1.30 | 0.49 | 0.37 | 0.32 | 0.33 | 1.24 | -0.37 | 1.66 | -1.49 | -0.06 | -0.76 | 1.07 | 2.71 | 0.76 | -1.00 | 1.56 | 2.20 | 0.42 | 1.55 | 1.83 | 2.52 | 1.81 | 1.98 | 2.30 | 2.41 | 2.22 | 3.11 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 388.16M | 315.20M | 390.41M | 553.08M | 623.15M | 717.46M | 817.65M | 854.64M | 1.01B | 1.25B | 996.76M | 1.21B | 1.13B | - | 2.35B | 2.55B | 2.63B | 2.66B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 930.50M | 973.30M | 1.04B | 1.10B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.42B | 1.57B | 1.59B | 1.56B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 813.70M | 927.60M | 904.10M | 896.20M |
| Operating Income | 161.43M | 118.15M | 150.71M | 233.32M | 221.62M | 276.74M | 306.24M | 228.79M | 158.53M | 233.42M | 380.64M | 385.84M | -91.67M | - | 606.40M | 647.10M | 686.40M | 664.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 571.90M | 849.60M | 975.00M | 991.90M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 47.50M | 204.60M | 235.90M | 240.60M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 260.50M | 368.80M | 417.80M | 420.20M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 93.10M | 102.20M | 108.20M | 116.10M |
| Net Income | 127.64M | 139.66M | 87.63M | 133.62M | 96.92M | 149.21M | 202.21M | 111.32M | 60.64M | 160.06M | 168.29M | 156.32M | -283.95M | - | 201.40M | 266.60M | 309.60M | 304.10M |
| Diluted EPS | 3.22 | 3.55 | 2.25 | 3.43 | 2.48 | 3.82 | 5.18 | 2.62 | 0.57 | 3.71 | 3.86 | 2.26 | -5.56 | - | 4.50 | 6.16 | 7.50 | 8.47 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Jan 2021 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.50B | 2.10B | 2.28B | 3.13B | 3.43B | 4.12B | 3.85B | 6.00B | 6.69B | 6.77B | 8.30B | 8.18B | - | - | 11.53B | 13.88B | 13.32B | 14.40B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.82B | 8.94B | 8.52B | 9.71B |
| Cash & Equivalents | 43.02M | 183.12M | 39.30M | 18.05M | 25.79M | 197.66M | 361.49M | 284.76M | 278.16M | 190.93M | 503.52M | 541.50M | 810.93M | 852.00M | - | - | 922.00M | 975.80M | 595.80M | 905.80M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.28B | 3.43B | 3.01B | 3.36B |
| Total Liabilities | - | - | 1.06B | 1.54B | 1.57B | 2.29B | 2.51B | 3.02B | 2.75B | 4.49B | 5.06B | 4.97B | 6.21B | 6.15B | - | - | 9.88B | 12.06B | 11.83B | 13.16B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | 2.58B | 2.31B | 3.05B | 2.74B | - | - | 6.29B | 8.52B | 8.33B | 9.29B |
| Long Term Debt | - | - | - | - | - | 621.00M | 685.00M | 1.30B | 1.07B | - | 2.03B | 2.13B | 2.69B | 2.87B | 2.87B | - | 2.52B | 2.83B | 3.08B | 3.53B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.72B | 3.87B | 4.38B | 4.86B |
| Total Equity | - | 294.66M | 441.32M | 559.01M | 709.32M | 817.93M | 903.30M | 1.08B | 1.10B | 1.50B | 1.62B | 1.79B | 1.93B | 1.90B | - | - | 1.65B | 1.82B | 1.49B | 1.23B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.55M | 49.90M | 50.30M | 50.69M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 339.18M | -33.17M | -10.55M | 51.17M | 71.81M | 39.55M | 296.41M | 445.10M | -141.19M | 135.43M | 400.23M | 663.17M | 736.80M | - | 679.40M | 907.90M | 481.40M | 454.30M |
| Investing Cash Flow | -60.81M | -15.81M | -367.43M | -40.50M | -429.82M | -51.34M | -904.03M | -126.66M | -1.16B | -168.05M | -254.18M | -990.61M | -329.09M | - | -716.70M | -2.14B | -960.60M | -696.90M |
| Financing Cash Flow | -138.20M | -94.88M | 356.34M | -2.58M | 529.56M | 179.24M | 526.71M | -319.54M | 1.22B | 359.38M | -102.73M | 749.77M | -59.04M | - | 681.30M | 1.57B | -260.30M | 418.90M |
| Capital Expenditure | -16.11M | -17.85M | -28.94M | -25.14M | -28.04M | -39.45M | -58.13M | -63.49M | -61.80M | -79.28M | -87.15M | -102.86M | -80.47M | - | -116.20M | -148.10M | -152.40M | -213.70M |
| Free Cash Flow | 323.07M | -51.02M | -39.49M | 26.02M | 43.77M | 96.00K | 238.28M | 381.61M | -202.99M | 56.15M | 313.08M | 560.31M | 656.33M | - | 563.20M | 759.80M | 329.00M | 240.60M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 644.00M | 342.90M | -739.50M | 176.30M |
| Share Buybacks | 39.03M | 6.27M | 18.36M | 0 | 11.29M | 17.91M | 19.77M | 22.01M | 0 | 0 | - | - | 0 | 0 | 282.80M | 303.40M | 652.00M | 799.80M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 60.4% | 61.8% | 60.5% | 58.6% |
| Operating Margin % | 41.6% | 37.5% | 38.6% | 42.2% | 35.6% | 38.6% | 37.5% | 26.8% | 15.7% | 18.7% | 38.2% | 32.0% | -8.1% | - | 25.8% | 25.4% | 26.1% | 25.0% |
| Net Margin % | 32.9% | 44.3% | 22.4% | 24.2% | 15.6% | 20.8% | 24.7% | 13.0% | 6.0% | 12.8% | 16.9% | 12.9% | -25.2% | - | 8.6% | 10.5% | 11.8% | 11.4% |
| ROE % | 43.3% | 31.6% | 15.7% | 18.8% | 11.8% | 16.5% | 18.8% | 10.2% | 4.1% | 9.9% | 9.4% | 8.1% | -14.9% | - | 12.2% | 14.6% | 20.8% | 24.6% |
| ROCE % | - | - | - | - | - | - | - | - | - | 5.7% | 8.5% | 7.4% | -1.7% | - | 11.6% | 12.1% | 13.7% | 13.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Janus Henderson Group PLC | 11.49% | 3.92M | $733.44M |
| 2 | Blackrock Inc. | 9.11% | 3.11M | $581.62M |
| 3 | Par Capital Management Inc | 6.62% | 2.25M | $422.34M |
| 4 | Morgan Stanley | 6.16% | 2.10M | $393.36M |
| 5 | Impactive Capital, LP | 5.01% | 1.71M | $319.75M |
| 6 | Boston Partners | 4.87% | 1.66M | $311.05M |
| 7 | Vanguard Capital Management LLC | 4.53% | 1.54M | $288.88M |
| 8 | Vanguard Portfolio Management LLC | 4.35% | 1.48M | $277.86M |
| 9 | AQR Capital Management, LLC | 3.83% | 1.31M | $244.50M |
| 10 | FMR, LLC | 3.60% | 1.23M | $229.49M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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WEX — Frequently Asked Questions
What is the current share price of WEX Inc. (WEX)?
As of 2026-08-05 17:25 PDT, WEX Inc. (WEX) trades at $188.40 on NYSE. Its 52-week range is $126.86 to $189.19.
What is the market capitalisation of WEX?
WEX Inc. (WEX) has a market capitalisation of $6.42B on NYSE.
What is the P/E ratio of WEX?
WEX trades at a trailing price-to-earnings (P/E) ratio of 18.80. The industry average P/E is 27.41. Its price-to-book (P/B) ratio is 4.78.
What is the return on equity (ROE) of WEX?
WEX has a return on equity (ROE) of 30.19%. Its return on capital employed (ROCE) is 12.99%.
Is WEX a good stock to buy?
This page provides a data-driven analysis of WEX Inc. (WEX), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.