WEX Inc.WEX

NYSEIndustrialsServices-Business Services, NEC
Price (close)
$185.43
Market cap
$6.3B
P/E
18.0x
Revenue (TTM)
$2.8B
Net income
$350.8M
Dividend yield
—
1-year total return
17.3%
Net margin
12.6%
Revenue growth
7.5%
Debt / equity
3.98x

What WEX Inc. does.

WEX is a global commerce platform that provides seamlessly embedded, personalized payments solutions across three business segments: Mobility, Benefits, and Corporate Payments. Our purpose is to simplify the business of running a business. That purpose has become increasingly relevant as organizations face rising complexity driven by fragmented systems, manual workflows, increasing costs, and greater compliance demands. These challenges slow decision-making and introduce additional operational risk. Leveraging our deep industry expertise, WEX has developed platforms and proprietary networks that address these issues by delivering the technologies and services that enable our customers to achieve greater speed and efficiency, cost savings, accuracy, and insight across financial and administrative workflows.

WEX’s products and services are built for scale, processing hundreds of billions of dollars in transactions each year across our Mobility, Corporate Payments, and Benefits segments. Both in our direct-to-corporate and partner channels, customers benefit from this scale. By bringing payments, data, and processes together within customers’ existing systems, we transform everyday transactions into payment intelligence that helps organizations protect margins, optimize cash flow, reduce risk, and navigate the growing complexity of today’s global economy.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.6B$1.9B$2.4B$2.5B$2.6B$2.7B
Net income-$283.9M$135.3M$167.2M$266.6M$309.6M$304.1M
Free cash flow$656.3M-$128.6M$566.5M$764.3M$334.1M$313.7M

More on WEX.

Figures from WEX Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.