WEX Inc. (WEX)
| Market Cap | 9.07B |
| Revenue (ttm) | 2.59B |
| Net Income (ttm) | 264.40M |
| Shares Out | 41.90M |
| EPS (ttm) | 6.15 |
| PE Ratio | 35.22 |
| Forward PE | 12.65 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 421,337 |
| Open | 215.77 |
| Previous Close | 215.03 |
| Day's Range | 215.03 - 218.73 |
| 52-Week Range | 161.95 - 244.04 |
| Beta | 1.59 |
| Analysts | Buy |
| Price Target | 241.17 (+11.35%) |
| Earnings Date | Apr 25, 2024 |
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 2023, WEX Inc.'s revenue was $2.55 billion, an increase of 8.40% compared to the previous year's $2.35 billion. Earnings were $266.60 million, an increase of 32.37%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for WEX stock is "Buy." The 12-month stock price forecast is $241.17, which is an increase of 11.35% from the latest price.
News
WEX Inc. Reports First 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 March 31...
WEX Signs Agreement with Leading Online Travel Platform Booking.com
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that it has reached a new long-term agreement with Bo...
WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the general availability of WEX EV At-Home in the Un...
WEX INC. FILES FEDERAL LAWSUIT AGAINST HP TO PROTECT TRADEMARK AND BRAND
PORTLAND, Maine , April 11, 2024 /PRNewswire/ -- WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, has filed a federal lawsuit against HP Inc. and Hewle...
HP sued by Wex for trademark infringement over 'Wex' software
Software company Wex Inc sued HP Inc for trademark infringement in Maine federal court on Thursday, accusing it of misusing the "Wex" name to brand competing HP software.
WEX Inc. to Release First Quarter 2024 Financial Results on April 25, 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 first quarter 2024 financial res...
WEX Named to Newsweek's America's Greatest Workplaces for Diversity, Women in 2024
PORTLAND, Maine--(BUSINESS WIRE)--WEX is named to Newsweek's America's Greatest Workplaces for Diversity, Women in 2024.
WEX to Present at 45th Annual Raymond James Institutional Investors 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 Board of Directors Authorizes Increased Share Repurchase Program
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its board of directors has authorized an a...
WEX to Present at KBW's 2024 Fintech & Payments 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 Inc. Reports Fourth Quarter and Full Year 2023 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 Inc. to Release Fourth Quarter and Full Year 2023 Financial Results on February 8, 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 fourth quarter and full year 202...
WEX CEO on the digital payment ecosystem and global business sentiment
Melissa Smith, President and CEO of WEX, discusses the fintech space and what's driving business demand.
WEX Names Sachin Dhawan New Chief Technology Officer
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that Sachin Dhawan has been appointed Chief Technolo...
WEX Elects Aimee Cardwell, Former Executive Vice President and Chief Information Security Officer of UnitedHealth Group, to its Board of Directors
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that Aimee Cardwell has been elected to its Boa...
Reflecting Accelerating Growth in Health Savings Accounts (HSAs), Mesirow Tapped by WEX to Serve as RIA
Mesirow now providing RIA services for WEX, an industry leader in employee benefits and the nation's fifth-largest HSA custodian Continued growth for Mesirow Fiduciary Solutions reflects accelerating ...
WEX to Present at the Raymond James TMT and Consumer 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 to Present at the UBS Global Technology 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 Chief Financial Officer, Jagtar Narula...
WEX Completes Acquisition of Payzer
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that it has completed the previously announced acqui...
WEX to Add Field Service Management Solutions With Payzer Acquisition
WEX, a global commerce platform, has signed a definitive agreement to acquire Payzer, a cloud-based field service management software provider. This move is in line with WEX's growth strategy of expan...
WEX Inc. Reports Third Quarter 2023 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 Signs Definitive Agreement to Acquire Payzer
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the signing of a definitive agreement to acquire Pay...
WEX Inc. to Release Third Quarter 2023 Financial Results on October 26, 2023
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 2023 financial res...
WEX Releases Third Environmental, Social, and Governance Report Chronicling Progress and Providing a Glimpse into Future Sustainability Endeavors
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today published its third annual environmental, social, and governan...
Wex CEO Melissa Smith: Freight customers expect a reset to happen next year
Wex CEO Melissa Smith joins 'The Exchange' to discuss its $100 million investment into EV fleet transition, Wex's exposure to the freight industry slowdown, and more.