WEX Inc. (WEX)
Financials · Payment processing and commerce platforms
WEX is a global commerce platform that simplifies complex financial workflows through embedded, personalized payment solutions across fleet management, employee benefits, and B2B payments.
What WEX Inc. does
WEX is a global commerce platform providing seamlessly embedded, personalized payments solutions across three business segments: Mobility (fleet payment solutions and transaction processing), Benefits (SaaS software for employee benefits administration and consumer-directed health accounts), and Corporate Payments (B2B payment solutions including accounts payable automation and travel payment services). The company processes hundreds of billions of dollars in transactions annually and operates WEX Bank, a wholly owned subsidiary that funds operations and provides access to low-cost capital.
Themes: ["Fleet payments and mobility","EV charging infrastructure","Employee benefits administration","Corporate payments and B2B automation","Travel payment solutions","Accounts payable automation","AI in payments and fraud prevention","Embedded payments / fintech"]
Fundamentals
- Price$148.90 as of 2026-07-09 close
- Market cap$5.4B as of 2026-07-09
- 1-year return-2.5% as of 2026-07-09 close
- P/E17.27 as of 2026-07-09
- Net margin+11.5% as of 2026-07-09
- Gross margin+62.9% as of 2026-07-09
- ROE+27.0% as of 2026-07-09
- Debt / equity4.11 as of 2026-07-09
- Revenue growth (YoY)+3.3% as of 2026-07-09
- Revenue CAGR (3y)+4.2% SEC XBRL
- Beta0.86 as of 2026-07-09
Key risks (from latest filing)
["Fuel price volatility and fluctuations in fuel purchase volumes directly impact customer demand and company margins across the Mobility segment","Regulatory changes or compression of interchange fees, along with potential failure to meet Mastercard or Visa contract requirements, could materially reduce revenue and profitability","Credit losses, fraud losses, and inadequate credit risk assessment could significantly harm financial results and customer trust"]
Competitors & peers
- ACI Worldwide (ACIW)
- Fleetmatics / Verizon Connect
- Comdata (competitor in fleet payments)
- Elavon (subsidiary of U.S. Bancorp, fleet/payments)
- Stripe
- Guidepoint / TriZetto (benefits administration)
- PayFlex / Aetna (HSA/benefits)
- ConveyHub (embedded payments)
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.