WEX Overview

  • Year Founded
  • 1983

Year Founded

  • Status
  • Public

  • Employees
  • 6,500

Employees

  • Stock Symbol
  • WEX

Stock Symbol

  • Investments
  • 29

  • Share Price
  • $157.05
  • (As of Friday Closing)

WEX General Information

Description

WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

Contact Information

Website
www.wexinc.com
Formerly Known As
Wright Express Corporation, Wright Express Corp
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Corporate Office
  • 1 Hancock Street
  • Portland, ME 04101
  • United States
+1 (207)
Primary Industry
Financial Software
Other Industries
Other Commercial Services
Other Financial Services
Stock Exchange
NYS
Vertical(s)
TMT, B2B Payments
Corporate Office
  • 1 Hancock Street
  • Portland, ME 04101
  • United States
+1 (207)

WEX Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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WEX Stock Performance

As of 21-Mar-2025, WEX’s stock price is $157.05. Its current market cap is $6.1B with 38.8M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$157.05 $156.34 $146.03 - $244.04 $6.1B 38.8M 668K $7.59

WEX Financials Summary

As of 31-Dec-2024, WEX has a trailing 12-month revenue of $2.63B.

In Thousands,
USD 		TTM 31-Dec-2024 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 7,295,511 7,295,511 8,338,949 7,796,179
Revenue 2,628,200 2,628,200 2,548,000 2,350,600
EBITDA 975,000 975,000 849,600 571,900
Net Income 309,600 309,600 266,600 201,400
Total Assets 13,321,600 13,321,600 13,882,100 11,529,200
Total Debt 4,375,200 4,375,200 3,868,600 2,724,800
Public Fundamental Data provided by Morningstar, Inc. disclaimer

WEX Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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WEX Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits,
Financial Software
Portland, ME
6,500 As of 2024

Charlotte, NC
 

Paris, France
 
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WEX Competitors (15)

One of WEX’s 15 competitors is AvidXchange, a Formerly VC-backed company based in Charlotte, NC.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
AvidXchange Formerly VC-backed Charlotte, NC
Edenred Group Corporation Paris, France
BillingTree Formerly PE-Backed Scottsdale, AZ
Paysafe Formerly PE-Backed London, United Kingdom
Klarna Venture Capital-Backed Stockholm, Sweden
You’re viewing 5 of 15 competitors. Get the full list »

WEX Patents

  • 8

    Total Documents Applications and Grants

  • Total Patents Families

  • 8

    Granted

  • Pending

  • Expiring in next 12 mo

WEX Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11511987-B2 Methods and systems for fuel transaction product detection Active 12-Jul-2017
US-20210139312-A1 Methods and systems for fuel transaction product detection Active 12-Jul-2017
US-20160321665-A1 Methods and systems for mobile fleet card activation Active 29-Apr-2015
US-10262325-B2 Methods and systems for mobile fleet card activation Active 29-Apr-2015
US-9494445-B2 Methods and systems for determining optimum fuel station Active 26-Sep-2013 G01C21/3697
To view WEX’s complete patent history, request access »

WEX Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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WEX Investments & Acquisitions (29)

WEX’s most recent deal was a Merger/Acquisition with Sawatch Labs. The deal was made on 01-May-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Sawatch Labs 01-May-2024 Merger/Acquisition Business/Productivity Software
Payzer 26-Oct-2023 Merger/Acquisition Financial Software
Ascensus (Health and Benefits Unit) 01-Sep-2023 Merger/Acquisition Clinics/Outpatient Services
Chard Snyder 01-Sep-2023 Merger/Acquisition Other Financial Services
ExxonMobil (Business Card program) 29-Sep-2022 Merger/Acquisition Other Commercial Products
You’re viewing 5 of 29 investments and acquisitions. Get the full list »

WEX ESG

Risk Overview

Risk Rating

Updated December, 13, 2024

20.46 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 14,946

Rank

Percentile

Software & Services

Industry

of 950

Rank

Percentile

Data Processing

Subindustry

of 89

Rank

Percentile

To view WEX’s complete esg history, request access »

WEX Exits (5)

WEX’s most recent exit was on 01-Sep-2015 from Unik. The exit was categorized as .

Company Name Exit Date Exit Type Exit Size Status Buyers
Unik 01-Sep-2015 Completed
Unik 01-Jan-2013 Completed
rapid! PayCard 31-Mar-2011 Completed
Pacific Pride Services 29-Feb-2008 Completed
Wex Fuel Management 06-Aug-2007 Merger/Acquisition Completed
To view WEX’s complete exits history, request access »

WEX Affiliates

Subsidiaries (7)

Name Industry Location Year Founded
WEX Venture Capital Portland, ME 2023
Sawatch Labs Denver, CO 2016
Pavestone Capital South Jordan, UT 2012
Payzer Charlotte, NC 2012
Truckers B2b Indianapolis, IN 2001
You’re viewing 5 of 7 affiliates. Get the full list.  »

WEX FAQs

  • When was WEX founded?

    WEX was founded in 1983.

  • Where is WEX headquartered?

    WEX is headquartered in Portland, ME.

  • What is the size of WEX?

    WEX has 6,500 total employees.

  • What industry is WEX in?

    WEX’s primary industry is Financial Software.

  • Is WEX a private or public company?

    WEX is a Public company.

  • What is WEX’s stock symbol?

    The ticker symbol for WEX is WEX.

  • What is the current stock price of WEX?

    As of 21-Mar-2025 the stock price of WEX is $157.05.

  • What is the current market cap of WEX?

    The current market capitalization of WEX is $6.1B.

  • What is WEX’s current revenue?

    The trailing twelve month revenue for WEX is $2.63B.

  • Who are WEX’s competitors?

    AvidXchange, Edenred Group, BillingTree, Paysafe, and Klarna are some of the 15 competitors of WEX.

  • What is WEX’s annual earnings per share (EPS)?

    WEX’s EPS for 12 months was $7.59.

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