WEX Inc. provides financial technology services in North America, the Asia Pacific, and Europe. 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; premium fleet 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 processing solutions for payment and transaction monitoring needs. Its products include virtual cards that are used for transactions where no card is presented and that require pre-authorization; and prepaid and gift card products that enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. 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. 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 headquartered in Portland, Maine.
IPO Year:
Exchange: NYSE
Website: wexinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2025 | $178.00 | Neutral → Buy | BofA Securities |
| 7/17/2025 | Hold | Deutsche Bank | |
| 5/15/2025 | Perform | Oppenheimer | |
| 2/6/2025 | Outperform → Mkt Perform | William Blair | |
| 2/6/2025 | Buy → Neutral | BofA Securities | |
| 1/14/2025 | $260.00 → $190.00 | Buy → Neutral | Citigroup |
| 12/17/2024 | $207.00 → $200.00 | Overweight → Equal Weight | Barclays |
| 10/28/2024 | Outperform → Peer Perform | Wolfe Research | |
| 6/5/2024 | $200.00 | Equal Weight | Wells Fargo |
| 10/20/2023 | $210.00 | Neutral | UBS |
8-K - WEX Inc. (0001309108) (Filer)
SCHEDULE 13G/A - WEX Inc. (0001309108) (Subject)
SCHEDULE 13G/A - WEX Inc. (0001309108) (Subject)
8-K - WEX Inc. (0001309108) (Filer)
8-K - WEX Inc. (0001309108) (Filer)
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3 - WEX Inc. (0001309108) (Issuer)
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BofA Securities upgraded WEX from Neutral to Buy and set a new price target of $178.00
Deutsche Bank resumed coverage of WEX with a rating of Hold
Oppenheimer initiated coverage of WEX with a rating of Perform
William Blair downgraded WEX from Outperform to Mkt Perform
Citigroup downgraded WEX from Buy to Neutral and set a new price target of $190.00 from $260.00 previously
Barclays downgraded WEX from Overweight to Equal Weight and set a new price target of $200.00 from $207.00 previously
Wolfe Research downgraded WEX from Outperform to Peer Perform
Wells Fargo initiated coverage of WEX with a rating of Equal Weight and set a new price target of $200.00
UBS resumed coverage of WEX with a rating of Neutral and set a new price target of $210.00
WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at Citi's 14th Annual FinTech Conference on Tuesday, November 18, at approximately 9:00 AM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.com, or through the following address: https://kvgo.com/citi/wex-november-2025. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for at least 30 days following the date of the conference. About WEX WEX (NYSE:WEX) is th
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Sandy Kuohn as its Chief People Officer (CPO). In this role, Kuohn will lead WEX's global people strategy, aligning talent, culture, and organizational capabilities to advance the company's strategy and focus on disciplined growth. Sara Trickett, who served as interim CPO, will continue in her role as Chief Legal Officer and Corporate Secretary. Kuohn is an accomplished global human resources executive with a proven record of scaling organizations and building programs that enable high-performing cultures. Her leadership will help WEX continue simplifying how
Revenue of $692 million increased 3.9% compared to the prior year GAAP net income of $2.30 per diluted share and adjusted net income of $4.59 per diluted share GAAP operating income margin of 26.5% and adjusted operating income margin of 39.5% Raises full year 2025 revenue guidance to $2.63 billion to $2.65 billion and adjusted net income guidance to $15.76 to $15.96 per diluted share Separately, announced the appointment of David Foss to Board of Directors effective November 3, 2025 WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2025. "Our strategy to retu
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that David Foss has been appointed to its Board of Directors, effective November 3, 2025. Mr. Foss's appointment is the result of an extensive search process with the assistance of an independent recruitment firm. Mr. Foss brings over 30 years of leadership experience in financial services and financial technology to WEX, most recently as Chief Executive Officer of Jack Henry & Associates (NASDAQ:JKHY). He also has relevant public company board experience, currently serving as Chair of Jack Henry and as a Director of CNO Financial Group (NYSE:CNO). "We are pleased to welcome
WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Financial Officer, Jagtar Narula, will present at the KBW Fintech Payments Conference on Wednesday, November 12, at approximately 1:10 PM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.com, or through the following address: https://event.summitcast.com/view/ReKTq2PrigAzVe26bAns2J/XqGLxur56DzhRyKoqhn7hB. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up to 30 days following the date of the conference.
Trucker Path app users to gain access to fuel savings via the 10-4 by WEX™ app PORTLAND, Maine and PHOENIX, Oct. 27, 2025 /PRNewswire/ -- Trucker Path, the most comprehensive and relied upon mobile app for North American truckers, and WEX® (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that the fuel discounts offered on the 10-4 by WEX™ app will be available to the Trucker Path community. This integration provides Trucker Path app users with access to fuel discounts provided by the 10-4 by WEX app. This includes sav
Integration with WEX expands NCR Voyix's commercial fuel capabilities through Voyix Connect's cloud-native POS platform NCR Voyix Corporation (NYSE:VYX) ("NCR Voyix" or the "Company"), a leading global provider of digital commerce solutions, and WEX® (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced a collaboration to enable WEX payment for commercial fuel transactions at NCR Voyix's cloud-native POS systems in the U.S. As part of the collaboration, NCR Voyix's payment gateway interface, Voyix Connect, will seamlessly integrate with WEX for processing transactions for fleets using WEX fleet cards. NCR Voyix expects to launch WEX
Results will be released after market hours on October 29; Conference call scheduled for October 30 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2025 financial results in a release to be issued on Wednesday, October 29, 2025, after market close. The press release and WEX's supplemental materials packet—which includes certain details of our third quarter performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, October 30, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and Pre
Joint effort launches with free access to Trucker Path for Fleets navigation tool for select WEX fleet customers WEX® (NYSE:WEX), the global commerce platform that simplifies the business of running a business, and Trucker Path, creators of the comprehensive and relied upon mobile app for commercial truck drivers, today announced a collaboration to offer WEX over-the-road EFS customers Trucker Path for Fleets, the truck-safe navigation app for North American truckers. The joint effort will provide access to the mobile app at a preferred rate, giving drivers the ability to avoid hazards, plan efficient routes, and access real-time information on parking, weather, and road conditions. This
WEX® (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced a significant expansion of its electric vehicle (EV) charging network through new partnerships with leading charge point operators (CPOs), Lynkwell and Revel, and a payments integration with the smart charging platform Ampcontrol. These collaborations now enable hundreds of new charging stations across the U.S. to accept payments from WEX users and provide WEX customers with access to an extensive EV charging network. "Bringing a diverse range of CPOs into the WEX EV network marks a major step forward for fleet operators nationwide," said Carlos Carriedo, Chief Operating Offic
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
Live Leadership Updates
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Sandy Kuohn as its Chief People Officer (CPO). In this role, Kuohn will lead WEX's global people strategy, aligning talent, culture, and organizational capabilities to advance the company's strategy and focus on disciplined growth. Sara Trickett, who served as interim CPO, will continue in her role as Chief Legal Officer and Corporate Secretary. Kuohn is an accomplished global human resources executive with a proven record of scaling organizations and building programs that enable high-performing cultures. Her leadership will help WEX continue simplifying how
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that David Foss has been appointed to its Board of Directors, effective November 3, 2025. Mr. Foss's appointment is the result of an extensive search process with the assistance of an independent recruitment firm. Mr. Foss brings over 30 years of leadership experience in financial services and financial technology to WEX, most recently as Chief Executive Officer of Jack Henry & Associates (NASDAQ:JKHY). He also has relevant public company board experience, currently serving as Chair of Jack Henry and as a Director of CNO Financial Group (NYSE:CNO). "We are pleased to welcome
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that Sachin Dhawan has been appointed Chief Technology Officer (CTO). In this position, Mr. Dhawan will lead WEX's global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications and Corporate IT, and technology-risk management. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231212875342/en/(Photo: Business Wire) "Sachin is a career technologist with decades of global experience articulating and
Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. Prior to Elevate, she served as chief growth and marketing officer at benefitexpress, which was acquired by Wex (NASDAQ:WEX), a leading global benefits company. Previously, she was senior vice president at WageWorks, leading the organization's health plan partner channel business. Earlier in her career, she held seni
Veteran WEX officer to take on additional strategic duties WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Jay Dearborn as Chief Strategy Officer, effective immediately. In this newly created role, Dearborn will drive both strategy and operational planning across the organization. He will also be responsible for end-to-end M&A activities, including deal origination, execution, and integration, as well as government affairs and external communications. "As we outlined at our Investor Day in March, WEX has a strong history of evolution, and today's announcement represents our commitment to further streamlini
Appointment effective May 25, 2022 WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that Jagtar Narula has been appointed Chief Financial Officer (CFO), effective May 25, 2022. "Jagtar has proven strategic and financial experience leading innovative technology companies," said Melissa Smith, WEX's Chair and Chief Executive Officer. "His strong track record of successfully executing and integrating acquisitions, driving thoughtful growth through effective capital allocation, and building strong finance organizations in technology companies complements our existing leadership team and positions us well for continued profitable
Live finance-specific insights
Revenue of $692 million increased 3.9% compared to the prior year GAAP net income of $2.30 per diluted share and adjusted net income of $4.59 per diluted share GAAP operating income margin of 26.5% and adjusted operating income margin of 39.5% Raises full year 2025 revenue guidance to $2.63 billion to $2.65 billion and adjusted net income guidance to $15.76 to $15.96 per diluted share Separately, announced the appointment of David Foss to Board of Directors effective November 3, 2025 WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2025. "Our strategy to retu
Results will be released after market hours on October 29; Conference call scheduled for October 30 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2025 financial results in a release to be issued on Wednesday, October 29, 2025, after market close. The press release and WEX's supplemental materials packet—which includes certain details of our third quarter performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, October 30, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and Pre
Q2 GAAP net income was $1.98 per diluted share; Q2 adjusted net income was $3.95 per diluted share Q2 GAAP operating income margin of 23.8% and adjusted operating income margin of 36.8% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2025. "We delivered stronger financial results than anticipated in the second quarter with adjusted EPS exceeding guidance and revenue coming in at the top end of our guidance. Our ability to win top-tier customers underscores the compelling value of our solutions and the strength of our business. As we continue to execute against our stra
Results will be released after market hours on July 23; Conference call scheduled for July 24 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2025 financial results in a release to be issued on Wednesday, July 23, 2025, after market close. The press release and WEX's supplemental materials packet—which include a summary and discussion of our second quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, July 24, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President,
Q1 revenue decreased 2% year-over-year to $637 million, driven by fuel prices and foreign exchange rates Q1 GAAP net income was $1.81 per diluted share; Q1 adjusted net income was $3.51 per diluted share Q1 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7% $790 million spent on share repurchases in Q1, reducing share count by approximately 13.1% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2025. "I am pleased with WEX's Q1 performance and the continued progress we are making against our strategic priorities. WEX's strong financial p
Results will be released April 30; Conference call scheduled for May 1 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2025 financial results on Wednesday, April 30, 2025, after market close. The press release and WEX's supplemental materials packet—which includes a summary and discussion of our first quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, May 1, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and Jagtar Narula, WEX's Chief Financial Officer, wi
WEX Acquires 4,870,130 Shares at $154.00 Per Share WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the final results of its modified "Dutch auction" tender offer, which expired at one minute after 11:59 p.m., New York City time, on Tuesday, March 25, 2025. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 4,891,736 shares of WEX's common stock, par value $0.01 per share (each share of WEX's common stock, a "Share," and collectively, the "Shares"), were validly tendered and not validly withdrawn at or below the final purchase price of $154.00 per Share. In accordanc
WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will host a conference call moderated by David Koning of Baird on Friday, March 14, 2025, at 9:00 a.m. ET. There will be an opportunity for investors to ask questions of management. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up to 14 days. About WEX WEX (NYSE:WEX) is the global commerce platform that simplifies the
WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, and Chief Financial Officer, Jagtar Narula, will host a conference call moderated by Sanjay Sakhrani of Keefe, Bruyette & Woods, Inc. (KBW) on Friday, February 28, 2025, at 11:00 a.m. ET. There will be an opportunity for investors to ask questions of the management team. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up
Q4 revenue decreased 4% year-over-year to $637 million; full year revenue increased 3% to $2.63 billion Q4 GAAP net income was $1.60 per diluted share; Q4 adjusted net income was $3.57 per diluted share Q4 GAAP operating income margin of 24.7%; Q4 adjusted operating income margin of 37.9% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2024. "As we enter 2025, we believe that our targeted investments in product innovation and sales expansion will set the stage for WEX's long-term success," said Melissa Smith, WEX's Chair, Chief Executive Officer, and Pre
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