WEX Inc. (WEX)

NYSE: WEX · Real-Time Price · USD
123.26
+0.66 (0.54%)
Apr 17, 2025, 4:00 PM EDT - Market closed
0.54%
Market Cap 4.18B
Revenue (ttm) 2.63B
Net Income (ttm) 309.60M
Shares Out 33.95M
EPS (ttm) 7.50
PE Ratio 16.43
Forward PE 8.17
Dividend n/a
Ex-Dividend Date n/a
Volume 535,265
Open 122.71
Previous Close 122.60
Day's Range 122.71 - 124.63
52-Week Range 110.45 - 235.83
Beta 1.33
Analysts Buy
Price Target 192.20 (+55.93%)
Earnings Date Apr 30, 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]

Sector Technology
IPO Date Feb 16, 2005
Employees 6,500
Stock Exchange NYSE
Ticker Symbol WEX
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for WEX stock is "Buy." The 12-month stock price forecast is $192.2, which is an increase of 55.93% from the latest price.

Price Target
$192.2
(55.93% upside)
Analyst Consensus: Buy
Stock Forecasts

News

WEX Inc. to Release First Quarter 2025 Financial Results on April 30, 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 first quarter 2025 financial res...

8 days ago - Business Wire

WEX Announces Final 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 final results of its modified “Dutch auctio...

18 days ago - Business Wire

WEX SPARK Health & Benefits 2025 Gathers Industry Leaders to Drive Innovation, Business Growth

PORTLAND, Maine--(BUSINESS WIRE)--WEX gathers business leaders in San Diego March 31-April 3 for WEX SPARK Health & Benefits 2025, a premier event for the health and benefits industry.

18 days ago - Business Wire

WEX Inc.: Cheap Despite Tempering Growth Expectations

Management lowered its long-term revenue growth target to 5%-10% from 8%-12%, while aiming to grow earnings per share by 10%-15%. Shares are currently trading at just over 10 times earnings, represent...

19 days ago - Seeking Alpha

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...

23 days ago - Business Wire

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 ...

23 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - Business Wire

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 ...

7 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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 ...

2 months ago - Seeking Alpha

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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...

3 months ago - Seeking Alpha

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

6 months ago - Seeking Alpha

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).

6 months ago - PYMNTS