WEX Inc. (WEX)
Market Cap | 6.00B |
Revenue (ttm) | 2.63B |
Net Income (ttm) | 309.60M |
Shares Out | 38.82M |
EPS (ttm) | 7.50 |
PE Ratio | 20.61 |
Forward PE | 10.29 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,311,333 |
Open | 154.34 |
Previous Close | 155.32 |
Day's Range | 153.00 - 156.03 |
52-Week Range | 146.03 - 244.04 |
Beta | 1.61 |
Analysts | Buy |
Price Target | 199.73 (+29.23%) |
Earnings Date | Apr 24, 2025 |
About WEX
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings. This segment markets its products directly and indirectly to businesses and govern... [Read more]
Financial Performance
In 2024, WEX Inc.'s revenue was $2.63 billion, an increase of 3.15% compared to the previous year's $2.55 billion. Earnings were $309.60 million, an increase of 16.13%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for WEX stock is "Buy." The 12-month stock price forecast is $199.73, which is an increase of 29.23% from the latest price.
News

Engine and WEX Team Up to Offer Seamless Business Travel for the Nation's Fleet Industry
DENVER--(BUSINESS WIRE)--Engine, the modern business and group travel platform trusted by over 900,000 travelers, today announced a collaboration with WEX, the global commerce platform that simplifies...

WEX Announces Preliminary Results of Tender Offer
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the preliminary results of its modified “Dutch ...

WEX Extends Partnership with Circle K to Drive Innovation in Fleet Management, Customer Experience
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced a multi-year extension of its relationship with global con...

Reclaim Health Integrates AI-powered Healthcare Financial Management into WEX's Benefits Administration Solution
Integration will empower employers and employees to make confident benefit decisions through AI-powered claims data and analytics BOSTON , March 11, 2025 /PRNewswire/ -- Reclaim Health, a leader in AI...

WEX to Host Investor Community Call with Baird on March 14, 2025
PORTLAND, Maine--(BUSINESS WIRE)--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, Mel...

WEX Announces Pricing and Upsizing of $550 Million Senior Unsecured Notes Offering
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX) (the “Company”), the global commerce platform that simplifies the business of running a business, today announced that it had priced and upsized ...

WEX Announces Proposed $500 Million Senior Unsecured Notes Offering
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that it has commenced an offering (the “Offerin...

WEX Announces Intention to Launch Modified Dutch Auction Tender Offer
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced its current intention to launch a “modified Dut...

WEX to Host Investor Community Call with KBW on February 28, 2025
PORTLAND, Maine--(BUSINESS WIRE)--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, Mel...

WEX Inc. (WEX) Q4 2024 Earnings Call Transcript
WEX Inc. (NYSE:WEX) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Steve Elder - Senior Vice President, Investor Relations Melissa Smith - Chair & Chief Executive ...

WEX Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
PORTLAND, Maine--(BUSINESS WIRE)--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...

WEX Expands Mixed-Energy Fleet Solutions Across Europe to Drive Commercial EV Adoption
BREDA, Netherlands--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the expansion of its electric vehicle (EV) chargi...

WEX Inc. to Release Fourth Quarter and Full Year 2024 Financial Results on February 5, 2025
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 202...

Wex: Undervalued Despite Modest Growth Expectations
Shares have sold off following the company's weak Q3 results and guidance. Lower fuel prices and weaker spending by its commercial customers have contributed to softer revenue growth. Earnings per sha...

WEX Announces Partnership with Qmerit for Commercial Fleets, EV Charger Installation at Drivers' Homes
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced a nationwide partnership with EV charger installatio...

WEX to Present at UBS Global Technology and AI Conference
PORTLAND, Maine--(BUSINESS WIRE)--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, Mel...

WEX Launches Two AI Pilots for Benefits Administration
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced a partnership with select employers to pilot two new...

WEX Unveils New Digital Solution to Enhance and Expand Medicare Advantage Platform
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the release of the WEX Medicare Advantage marketplac...

WEX and Holman Expand Partnership Across U.S. and Canada
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced an expanded agreement with Holman, one of the larges...

WEX Inc. (WEX) Q3 2024 Earnings Call Transcript
WEX Inc. (NYSE:WEX) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Steve Elder – Senior Vice President-Investor Relations Melissa Smith – Chief Executive Officer a...

WEX: Navigating Near-Term Headwinds While Investing in Digital Growth
The contemporary operating landscape is increasingly defined by both resilience and vulnerability. These two themes were central to WEX Inc.'s third-quarter 2024 earnings call on Thursday (Oct. 24).

WEX Inc. Reports Third Quarter 2024 Financial Results
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended Septembe...

WEX Inc. to Release Third Quarter 2024 Financial Results on October 24, 2024
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2024 financial res...

WEX Extends Fuel Discounts to Independent Truckers, Grows Offerings with Launch of 10-4 by WEX
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the general availability release of 10-4 by WEX, a f...

WEX: Attractively Priced For Double-Digit Earnings Growth Ahead
WEX shares are nearly flat this year, as the company faces a tough economic backdrop. However, the outlook beyond the near-term headwinds suggests potential for double-digit earnings growth. Valuation...