WEX Inc.
NYSE•WEX
CEO: Ms. Melissa D. Smith
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2005-02-16
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle 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 Solutions 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. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.
Contact Information
Market Cap
$5.65B
P/E (TTM)
18.6
22.8
Dividend Yield
--
52W High
$180.71
52W Low
$110.45
52W Range
Rank34Top 27.8%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$672.90M+0.00%
4-Quarter Trend
EPS
$2.45+0.00%
4-Quarter Trend
FCF
$256.30M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Total Revenue Growth Total Revenues reached $2.66B USD, up 1.2% from $2.63B USD in 2024, despite Mobility segment decline.
Strong Free Cash Flow Adjusted free cash flow $638.0M USD, reflecting a $76.0M increase from prior year operating activities.
Capital Return Actions Repurchased $799.8M common stock in 2025, reducing outstanding share count by approximately 13 percent.
Benefits Segment Strength Benefits segment adjusted operating income $341.6M USD, growing 11% driven by HSA deposit balance growth.
Risk Factors
Fuel Price Volatility Impact Fuel price volatility or decline materially impacts Mobility segment revenue and operating margins across the business.
WEX Bank Charter Risk Loss or suspension of WEX Bank ILC charter could disrupt operations, increase costs, and limit competitive offerings.
Cybersecurity Threat Exposure Regular cyberattacks pose ongoing risk to information systems; robust security measures are costly and time-consuming.
Regulatory Compliance Burden Evolving privacy and data protection laws impose significant compliance burdens, increasing costs and potential penalties.
Outlook
Three Pillar Strategy Focus Strategy guided by three pillars: Amplify core, Expand reach into adjacent workflows, and Accelerate innovation.
AI Deployment Advancement Continued deployment of AI-driven tools boosting productivity and increasing overall product innovation velocity.
Major Fuel Retailer Deal Secured long-term agreement with BP for U.S. commercial card portfolio business expansion and network reach.
Capital Allocation Priorities Focus remains on strategic investments, maintaining operational discipline, and pursuing growth vectors to build customer value.
Peer Comparison
Revenue (TTM)
$4.18B
$2.66B
$2.37B
Gross Margin (Latest Quarter)
84.7%
83.4%
80.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CWAN | $6.93B | -175.1 | -2.2% | 29.1% |
| WEX | $5.65B | 18.6 | 29.4% | 33.7% |
| S | $4.50B | -10.9 | -26.2% | 0.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.9%
Moderate Growth
4Q Net Income CAGR
5.6%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 23, 2026
EPS:$3.92
|Revenue:$659.63M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data