WEX Stock (NYSE:WEX)


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$170.99

52W Range

$165.51 - $244.04

50D Avg

$185.00

200D Avg

$195.96

Market Cap

$6.83B

Avg Vol (3M)

$436.50K

Beta

1.57

Div Yield

-

WEX Company Profile


WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. 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.

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Industry

Software - Infrastructure

Sector

Technology

Exchange

NYSE

ADR

-

Country

US

Employees

7,200

IPO Date

Feb 16, 2005

Website

WEX Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Finance Fee Revenue$314.20M--
Other Revenue$373.70M--
Fleet Solutions-$1.44B$1.11B
Health and Employee Benefit Solutions-$504.54M$414.21M
Travel and Corporate Solutions-$402.31M$324.92M

Fiscal year ends in Dec 23 | Currency in USD

WEX Financial Summary


Dec 23Dec 22Dec 21
Revenue$2.55B$2.35B$1.85B
Operating Income$647.10M$469.84M$342.00M
Net Income$266.60M$201.40M$136.14M
EBITDA$849.20M$649.87M$630.66M
Basic EPS$6.23$4.54$3.04
Diluted EPS$6.16$4.50$3.00

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 24, 24 | 2:59 PM
Q2 24Jul 25, 24 | 2:14 PM
Q1 24Apr 25, 24 | 12:00 AM

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