Inside the research
WEX Inc.
WEX Research profile · latest available data
Price overview
$178.28
▼ -7.15 (-3.9%)
| 52w hi | $203.25 |
|---|---|
| 52w lo | $126.86 |
| Vol | 681.00K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.69
| Short | +0.14 |
|---|---|
| Medium | +1.05 |
| Long | +1.05 |
computed 2026-09-27
Key fundamentals
WEX Inc.
Technology · Software - Infrastructure
| Market cap | $6.08B |
|---|---|
| Enterprise value | $5.33B |
| Trailing P/E | 17.79x |
| Forward P/E | 8.41x |
| EV / EBITDA | 5.79x |
| P / S (ttm) | 2.18x |
| Profit margin | 12.6% |
| Return on equity | 30.2% |
| Revenue growth | +14.2% |
| Earnings growth | +57.1% |
| Debt / equity | 398.42 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.37 | |
| Sector | +0.19 | |
| Technical | +0.41 | |
| Earnings | +0.00 | |
| Sentiment | -0.28 |
macro × 1.00 · 2026-09-27
Business overview
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet 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 government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and markets its products through third-party administrators, financial institutions, payroll providers, and health plans. WEX Inc. 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.
Risk Metrics
| Beta vs SPX | 1.12 |
|---|---|
| Corr SPX | 0.42 |
| Annual vol | 43.1% |
| Annual ret | +2.0% |
| Sharpe | 0.05 |
| Max DD | -47.6% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-22 | Earnings Release, Exhibits | read |
| 2026-05-14 | Shareholder Vote, Other Material Event | read |
| 2026-05-04 | Material Agreement, Reg FD Disclosure… | read |
| 2026-04-22 | Earnings Release, Exhibits | read |
| 2026-02-04 | Earnings Release, Exhibits | read |
| 2026-01-12 | Officer / Director Change, Reg FD Disclosure | read |
| 2025-10-29 | Earnings Release, Officer / Director Change… | read |
| 2025-07-23 | Earnings Release, Exhibits | read |
| 2025-05-20 | Officer / Director Change, Shareholder Vote… | read |
| 2025-04-30 | Earnings Release, Exhibits | read |
| 2025-03-06 | Material Agreement, Material Obligation… | read |
| 2025-02-27 | Other Material Event, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-04 | Carriedo Carlos | COO, Amer. Payments & Mob | Sell | 1.07K | $199.95K |
| 2026-07-30 | Deshaies Robert Joseph | COO, Benefits | Sell | 1.00K | $184.95K |
| 2026-07-27 | Drew Ann Elena | Chief Risk and Compliance | Sell | 3.40K | $598.47K |
| 2026-07-27 | Kimball Jennifer | Chief Accounting Officer | Sell | 1.18K | $208.86K |
| 2026-07-06 | Deshaies Robert Joseph | COO, Benefits | Sell | 48 | $6.89K |
| 2026-07-06 | Deshaies Robert Joseph | COO, Benefits | Sell | 227 | $33.11K |
| 2026-07-06 | Deshaies Robert Joseph | COO, Benefits | Sell | 135 | $19.83K |
| 2026-07-06 | Deshaies Robert Joseph | COO, Benefits | Sell | 265 | $39.20K |
| 2026-07-06 | Deshaies Robert Joseph | COO, Benefits | Sell | 1.32K | $196.58K |
| 2026-07-06 | Deshaies Robert Joseph | COO, Benefits | Sell | 8 | $1.20K |
Flow & Concentration
| Insider 180d net | -$1.49M |
|---|---|
| Insider buys / sells | 0 / 10 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 99.0% |
| HHI | 3,062 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $254.16M | 1.80M |
| State Street Corp | $159.89M | 1.13M |
| Citadel Advisors | $85.43M | 605.49K |
| Capital Research / Capital World | $48.30M | 342.36K |
| AQR Capital Management | $18.38M | 134.94K |
| Millennium Management | $4.99M | 35.39K |
| Bridgewater Associates | $706.72K | 5.01K |
| T. Rowe Price Group | $4.93K | 34.92K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.85B | +12.5% | |
| Operating income | $663.90M | +11.5% | |
| Net income | $309.60M | +6.3% | |
| Cash from ops | $907.90M | +27.1% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $185.10 | $188.71 | $177.94 | $178.28 | 681.00K |
| Sep 24 | $185.77 | $186.79 | $182.47 | $185.43 | 413.50K |
| Sep 23 | $181.41 | $187.12 | $180.51 | $184.54 | 476.50K |
| Sep 22 | $189.07 | $190.17 | $179.68 | $181.23 | 636.00K |
| Sep 21 | $193.35 | $194.83 | $186.97 | $187.31 | 497.40K |
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