
WEX — Wex Inc
NYSE · Technology · Software - Infrastructure
$192.11
+$3.41 (+1.81%)
Wex Inc (WEX) is a software - infrastructure company listed on NYSE. It is led by Melissa D. Smith, based in 1 Hancock Street, Portland, ME, United States, 04101, with about 6,600 employees. 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.
Latest reported WEX revenue for 2025-09-30 was $691.8M. Net income was $219.8M. Revenue was up 4.9% from 2025-06-30 to 2025-09-30. WEX currently screens at market cap $4.40B and trailing P/E 14.3.
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About Wex Inc
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.
WEX Key Statistics
Market Cap
$4.40B
Volume
502,854
Previous Close
$199.71
Day Range
$197.79 – $201.09
P/E Ratio
14.30
P/B Ratio
3.57
EPS
$7.50
Revenue
$2.63B
Net Income
$309.60M
Gross Profit
$0.00
Free Cash Flow
$0.00
Revenue Growth
+3.1%
Profit Margin
11.8%
Employees
6,600
WEX Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $2.63B | $2.55B | $2.35B | $1.85B |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $309.60M | $266.60M | $167.50M | $136.10M |
| EPS (Diluted) | $7.50 | $6.16 | $4.50 | $0.00 |
Total Assets
$13.32B
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$595.80M
Operating Cash Flow
$481.40M
Free Cash Flow
$0.00
Wex Inc Company Information
- President, CEO & Director
- Melissa D. Smith
- Headquarters
- 1 Hancock Street, Portland, ME, United States, 04101
- Website
- www.wexinc.com
- Phone
- 207 773 8171
- IPO / Founded
- 2005-02-16
- Sector
- Technology
- Industry
- Software - Infrastructure