WEX Inc. (WEX)

153.88 0.12 (0.08%)

As of 2026-02-17 16:10:07 EST

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

Traded asNYSE: WEX
ISINUS96208T1043
CIK0001309108
LEIT9M5IGROL1TL1G5OV478
EIN010526993
Sector—
IndustryServices-Business Services, NEC
CEOMelissa D. Smith
Employees3,500
Fiscal Year End1231
Address1 HANCOCK STREET, PORTLAND, ME, 04101
Phone(207) 773-8171
Websitehttps://www.wexinc.com
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
WEXWEX Inc.2026-02-17 16:10:07153.880.120.08
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
WEX0001309108WEX Inc.US96208T1043T9M5IGROL1TL1G5OV478010526993NYSE7389Services-Business Services, NEC1231DE1 HANCOCK STREETPORTLANDME04101UNITED STATESUS(207) 773-81711 HANCOCK STREET, PORTLAND, ME, 041011 HANCOCK STREET, PORTLAND, ME, 04101Wright Express CORP—1983Melissa D. Smith3,500https://www.wexinc.com7,300,000,00050,700,00034,288,525WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.2026-02-12 16:35:15
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WEX Stock Price (End-of-Day)
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WEX Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
20247,300,000,000-500,000,000-6.410338,815,490-2,919,312-6.9949
20237,800,000,000909,952,50313.206841,734,802-1,397,941-3.241
20226,890,047,497-1,752,355,107-20.276243,132,743-1,697,481-3.7865
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Sachin DhawanChief Technology Officer2024525,00002,759,565324,46834,3513,643,384
Robert DeshaiesChief Operating Officer2024610,00002,539,411362,88960,4043,572,704
Melissa SmithChair, CEO, President2024955,769010,529,340966,713108,52712,594,328
Jagtar NarulaChief Financial Officer2024520,19203,153,783347,02554,4754,075,475
Jay Dearborn Jr.Chief Strategy Officer2023475,00001,840,257546,27427,1323,348,679
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Employee Count
Fiscal YearEmployee Count
2023180
2022180
20215,600
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Income Statements
Fiscal Year202520242023
Revenue2,660,800,0002,628,100,0002,548,000,000
Cost Of Revenue1,100,600,0001,037,800,000973,300,000
Gross Profit———
Research And Development Expenses———
General And Administrative Expenses330,200,000375,800,000428,000,000
Operating Expenses665,200,000647,700,000621,600,000
Operating Income663,900,000686,300,000647,100,000
Net Income304,100,000309,600,000266,600,000
Earnings Per Share Basic8.577.596.23
Earnings Per Share Diluted8.477.56.16
Weighted Average Shares Outstanding Basic35,500,00040,800,00042,800,000
Weighted Average Shares Outstanding Diluted35,900,00041,300,00043,300,000
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Balance Sheet Statements
Fiscal Year202520242023
Cash And Cash Equivalents905,800,000595,800,000975,800,000
Marketable Securities Current4,332,900,0003,764,700,0003,022,100,000
Accounts Receivable3,362,600,0003,008,600,0003,428,500,000
Inventories———
Non Trade Receivables———
Other Assets Current———
Total Assets Current9,713,000,0008,515,500,0008,935,300,000
Marketable Securities Non Current94,200,00080,500,00066,800,000
Property Plant And Equipment253,700,000261,200,000242,900,000
Other Assets Non Current218,200,000202,800,000149,000,000
Total Assets Non Current4,686,500,0004,806,100,0004,946,800,000
Total Assets14,399,500,00013,321,600,00013,882,100,000
Accounts Payable1,070,400,0001,090,900,0001,479,100,000
Deferred Revenue26,700,00028,600,00012,400,000
Short Term Debt1,326,400,0001,293,200,0001,041,100,000
Other Liabilities Current———
Total Liabilities Current9,286,600,0008,327,300,0008,519,200,000
Long Term Debt3,532,000,0003,082,100,0002,827,500,000
Other Liabilities Non Current159,100,000277,700,000455,500,000
Total Liabilities Non Current3,878,400,0003,505,500,0003,542,300,000
Total Liabilities13,165,000,00011,832,800,00012,061,500,000
Common Stock500,000500,000500,000
Retained Earnings2,370,800,0002,066,800,0001,757,100,000
Accumulated Other Comprehensive Income-128,100,000-312,300,000-229,200,000
Total Shareholders Equity1,234,500,0001,488,800,0001,820,600,000
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Cash Flow Statements
Fiscal Year202520242023
Depreciation And Amortization179,000,000187,300,000171,800,000
Share Based Compensation Expense100,300,000112,200,000127,000,000
Other Non Cash Income Expense00-80,800,000
Change In Accounts Receivable———
Change In Inventories———
Change In Non Trade Receivables———
Change In Other Assets———
Change In Accounts Payable-20,100,000-396,300,000115,400,000
Change In Other Liabilities———
Cash From Operating Activities454,300,000481,400,000907,900,000
Purchases Of Marketable Securities1,725,300,0001,259,600,0001,768,100,000
Sales Of Marketable Securities558,700,000506,400,000193,600,000
Acquisition Of Property Plant And Equipment58,600,000147,300,000143,600,000
Acquisition Of Business0900,000402,000,000
Other Investing Activities-4,700,000——
Cash From Investing Activities-696,900,000-960,600,000-2,138,300,000
Tax Withholding For Share Based Compensation—32,600,00018,100,000
Payments Of Dividends———
Issuance Of Common Stock———
Repurchase Of Common Stock799,800,000652,000,000303,400,000
Issuance Of Long Term Debt550,000,0008,659,500,0003,449,300,000
Repayment Of Long Term Debt10,562,000,000——
Other Financing Activities-40,400,000——
Cash From Financing Activities418,900,000-260,300,0001,573,300,000
Change In Cash241,400,000-793,000,000370,300,000
Cash At End Of Period905,800,000595,800,000975,800,000
Income Taxes Paid44,500,000131,900,000130,300,000
Interest Paid333,600,000328,500,000247,900,000
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Key Metrics
Fiscal Year202520242023
Earnings Per Share8.577.596.23
Price To Earnings Ratio17.383923.098831.2279
Earnings Growth Rate12.911721.829937.2247
Price Earnings To Growth Ratio1.34641.05810.8389
Book Value Per Share34.774636.490242.5374
Price To Book Ratio4.28424.80464.5736
Ebitda527,600,000628,800,000582,600,000
Enterprise Value9,241,390,00010,932,556,00011,219,540,000
Dividend Yield———
Dividend Payout Ratio———
Debt To Equity Ratio3.93552.93882.1249
Capital Expenditures171,500,000205,600,000212,471,000
Free Cash Flow282,800,000275,800,000695,429,000
Return On Equity0.24630.2080.1464
One Year Beta1.4310.90851.2467
Three Year Beta1.26481.10021.1717
Five Year Beta1.20661.48831.5395
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Deshaies Robert JosephCOO, Benefits2026-02-111,032A16,731
Deshaies Robert JosephCOO, Benefits2026-02-111,032D15,699
Deshaies Robert JosephCOO, Benefits2026-02-111,032D0
GROCH JAMES RDirector2025-12-31176A14,719
Callahan DonDirector2025-12-31176A10,339
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Senate Trading
Name Of Reporting PersonType Of Reporting PersonReport DateTransaction TypeTransaction DateOwner TypeAmount
Susan M CollinsSenator2022-02-17Sale (Full)2022-01-06Spouse$15,001 - $50,000
Susan M CollinsSenator2019-06-11Purchase2019-05-21Spouse$15,001 - $50,000
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House Trading
Name Of Reporting PersonReport DateStateTransaction TypeTransaction DateOwner TypeAmount
Kelly Louise Morrison2025-06-18MN03Sale2025-06-04—$1,001 - $15,000
Kelly Louise Morrison2025-06-18MN03Sale2025-06-04—$1,001 - $15,000
Kelly Louise Morrison2025-06-18MN03Sale2025-06-04—$1,001 - $15,000
Alan S. Lowenthal2018-08-14CA47Sale2018-07-23Spouse$1,001 - $15,000
Alan S. Lowenthal2018-06-10CA47Sale2018-06-04Spouse$1,001 - $15,000
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
LAZARD ASSET MANAGEMENT LLC2025-12-311,951,34013,098148.98
Cetera Investment Advisers2025-12-31941,1826,318148.9683
AQR CAPITAL MANAGEMENT LLC2025-12-31132,562,701889,802148.98
HAWK RIDGE CAPITAL MANAGEMENT LP2025-12-3167,677,294454,271148.98
Schonfeld Strategic Advisors LLC2025-12-313,989,68426,780148.98
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
EMPOWER FUNDS, INC.2025-12-31Institutional ClassMXTFX30,5814,555,957.340.708
EMPOWER FUNDS, INC.2025-12-31Investor ClassMXLSX30,5814,555,957.340.708
EMPOWER FUNDS, INC.2025-12-31Institutional ClassMXNZX15,6012,324,237.010.1556
EMPOWER FUNDS, INC.2025-12-31Class LMXBUX15,6012,324,237.010.1556
EMPOWER FUNDS, INC.2025-12-31Investor ClassMXMDX15,6012,324,237.010.1556
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