WEX Inc. provides financial technology services in North America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; premium fleet services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment processing solutions for payment and transaction monitoring needs. Its products include virtual cards that are used for transactions where no card is presented and that require pre-authorization; and prepaid and gift card products that enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. The company 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.
IPO Year:
Exchange: NYSE
Website: wexinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2026 | $195.00 | Buy | Loop Capital |
| 2/2/2026 | $144.00 | Equal-Weight | Morgan Stanley |
| 1/27/2026 | $158.00 | Neutral | Cantor Fitzgerald |
| 10/22/2025 | $178.00 | Neutral → Buy | BofA Securities |
| 7/17/2025 | Hold | Deutsche Bank | |
| 5/15/2025 | Perform | Oppenheimer | |
| 2/6/2025 | Outperform → Mkt Perform | William Blair | |
| 2/6/2025 | Buy → Neutral | BofA Securities | |
| 1/14/2025 | $260.00 → $190.00 | Buy → Neutral | Citigroup |
| 12/17/2024 | $207.00 → $200.00 | Overweight → Equal Weight | Barclays |
8-K - WEX Inc. (0001309108) (Filer)
SCHEDULE 13G/A - WEX Inc. (0001309108) (Subject)
8-K - WEX Inc. (0001309108) (Filer)
8-K - WEX Inc. (0001309108) (Filer)
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4 - WEX Inc. (0001309108) (Issuer)
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4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
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Loop Capital initiated coverage of WEX with a rating of Buy and set a new price target of $195.00
Morgan Stanley resumed coverage of WEX with a rating of Equal-Weight and set a new price target of $144.00
Cantor Fitzgerald initiated coverage of WEX with a rating of Neutral and set a new price target of $158.00
BofA Securities upgraded WEX from Neutral to Buy and set a new price target of $178.00
Deutsche Bank resumed coverage of WEX with a rating of Hold
Oppenheimer initiated coverage of WEX with a rating of Perform
William Blair downgraded WEX from Outperform to Mkt Perform
Citigroup downgraded WEX from Buy to Neutral and set a new price target of $190.00 from $260.00 previously
Barclays downgraded WEX from Overweight to Equal Weight and set a new price target of $200.00 from $207.00 previously
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
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Placement in the top 100 underscores how WEX culture helps power execution, innovation, and long-term value creation WEX® (NYSE:WEX), a global leader in intelligent payment solutions, today announced it has been named one of America's Best Employers for Company Culture 2026 by Forbes. WEX ranked No. 78 overall and earned the top placement among companies headquartered in Maine. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602004586/en/Forbes recognized WEX, based in Portland, Maine, on its Best Employers for Company Culture 2026 list. The intelligent payment solutions business earned top placement in Maine. America's Best
WEX Inc. (NYSE:WEX), a global leader in intelligent payment solutions, today announced that its Chief Financial Officer, Jagtar Narula, will present at the Baird 2026 Global Consumer, Technology & Services Conference on Tuesday, June 2, 2026 at approximately 2:30 p.m. ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.com, or through the following address here. For those unable to listen to the live webcast, a replay will also be available on the Company's website for at least 30 days following the date of the conference. About WEX WEX (NYSE:WEX) is the global commerce platform that simplifies the busin
WEX (NYSE:WEX), a global leader in intelligent payment solutions, today announced that its Board of Directors has authorized a new share repurchase program under which up to $1 billion, plus any transaction expenses and excise taxes incurred, worth of WEX's common stock may be repurchased. "Our $1 billion share repurchase authorization reflects our Board's conviction in the intrinsic value of our stock and commitment to returning capital to shareholders and further underscores our strong free cash flow and financial capacity. We remain focused on maintaining a strong balance sheet, investing for long-term growth and returning capital to shareholders," said Melissa Smith, WEX's President a
WEX (NYSE:WEX) ("WEX" or the "Company"), a global leader in intelligent payment solutions, today announced that its Board of Directors (the "Board") has appointed independent director David Foss as Chair of the Board, effective immediately. The appointment reflects the Board's previously announced plan to separate the roles of Chair and Chief Executive Officer. Melissa Smith will continue to serve as Chief Executive Officer, President, and a member of the Board. "I am honored to serve as Chair of the Board," said David Foss. "The Company has built a strong foundation, differentiated market position, and a talented leadership team focused on driving long-term growth. I look forward to pa
Company to Nominate Three New Independent Directors – Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe – for Election at the 2026 Annual Meeting of Stockholders 2026 Annual Meeting of Stockholders Rescheduled to May 14, 2026 WEX (NYSE:WEX) ("WEX" or the "Company"), a global leader in intelligent payment solutions, today announced that it has entered into a cooperation agreement with Impactive Capital Master Fund LP ("Impactive"). Under the terms of the agreement, WEX and Impactive have established a refreshed slate including three new independent directors – Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe (the "New Directors") – for election to the WEX Board of Directors (the "Bo
WEX brings smarter AP solutions to Corporate Card customers with the help of growing fintech business, Extend. Extend, a leader in embedded virtual card payments, today announced a collaboration with WEX Inc. (NYSE:WEX), a global leader in intelligent payment solutions, to enable virtual card payments inside Concur Invoice. WEX corporate card customers can now connect their WEX commercial account in Concur Invoice to generate and settle vendor payments with virtual cards—all automatically and without leaving the Concur platform. As an established SAP Concur partner, Extend provides WEX with the infrastructure key to facilitating—and accelerating—this strategic integration designed to de
WEX unites partners, consultants and employers in Orlando to explore the technology and regulatory insights driving high-growth benefits programs WEX (NYSE:WEX), a global leader in intelligent payment solutions, will welcome industry leaders, partners and business decision-makers across the health and benefits space to Orlando, FL, from April 27-29 for WEX SPARK Health & Benefits 2026. The 19th annual conference serves as one of the industry's definitive forums for navigating the complexities of a shifting healthcare economy. This year's agenda focuses on redefining benefits through trust, intelligence, and simplicity to give WEX benefits partners a true breakthrough advantage. Throug
All Three Proxy Advisory Firms Have Now Recommended For Impactive Nominees and Highlighted the Need for Greater Independent Oversight in the WEX Boardroom ISS Recommends Shareholders Vote FOR Impactive Nominees Kurt Adams and Lauren Taylor Wolfe and WITHHOLD Support on WEX Directors Nancy Altobello and Stephen Smith Highlights the "Disconnect" Between Board's Portrayal of Performance and Company Track Record That Raises "Credible Questions" About Its Willingness to Hold Management Accountable Concludes WEX Board Would Benefit From the Addition of a Significant Shareholder Representative, Greater Independence and Enhanced Industry Experience Impactive Urges Shareholders to Vote on th
Chair, CEO, and President Melissa Smith and Lead Independent Director designee David Foss to discuss WEX's strategic progress and clear path to value creation Urges shareholders to vote "FOR" ONLY WEX's nine nominees using the BLUE proxy card WEX (NYSE:WEX) ("WEX" or the "Company"), a global leader in intelligent payment solutions, today announced it will host a virtual fireside chat on Monday, April 27, 2026 at 3:00 p.m. ET. Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and David Foss, Lead Independent Director designee, will discuss WEX's strategic progress, accelerating momentum, and clear path to value creation, as well as why WEX's Board is best positioned t
Urges Shareholders to Vote Today on the Blue Proxy Card "FOR" ONLY WEX's Nominees WEX (NYSE:WEX) ("WEX" or the "Company"), a global leader in intelligent payment solutions, today publicized a letter to shareholders highlighting the Company's strong performance, accelerating momentum and improved financial outlook for 2026. The full text of the letter follows: Dear Fellow Shareholders: This year's Annual Meeting of Stockholders (the "Annual Meeting") of WEX Inc. ("WEX," "we," or the "Company") is fast approaching. The meeting is scheduled to be held on May 5, 2026. Since our last annual meeting, we have reached an inflection point. We have returned to growth, outperformed our peers
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Revenue of $673.8 million increased 5.8% compared to the prior year GAAP net income of $2.22 per diluted share and adjusted net income of $4.15 per diluted share, an increase of 22.7% and 18.2% respectively compared to the prior year GAAP operating income margin of 23.5% and adjusted operating income margin of 36.2% Raises full year 2026 revenue guidance to $2.82 billion to $2.88 billion and adjusted net income guidance to $18.95 to $19.55 per diluted share WEX (NYSE:WEX), a global leader in intelligent payment solutions, today reported financial results for the three months ended March 31, 2026. "Our momentum continues to build with a strong start to 2026, as revenue and adjusted
Results will be released after market close on April 22; Conference call scheduled for April 23 WEX Inc. (NYSE:WEX), a global leader in intelligent payment solutions, today announced it will report first quarter 2026 financial results in a release to be issued on Wednesday, April 22, 2026, after market close. The press release and WEX's supplemental materials—which include certain details of our first quarter performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, April 23, 2026, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and Jagtar Narula, WEX's Chief Financia
Contends Board Level Change is Required to Address Alarming Share Price Underperformance, Culture of Entrenchment and Widening Valuation Gap Versus Its Closest Peer Nominees Kurt Adams, Ellen Alemany, Ken Cornick and Lauren Taylor Wolfe Each Bring an Owner's Perspective and the Relevant Industry Experience to Strengthen Strategic Oversight, Enhance Capital Allocation and Improve Operational Performance Nominees Have Demonstrated Conviction in WEX's Value Potential and Personally Purchased More Shares Than the Entire Incumbent Board Over the Past Nine Years Impactive Capital, LP, ("Impactive" or "we") together with its affiliates, one of the largest shareholders of WEX Inc. (NYSE:WEX)
Q4 revenue of $672.9 million increased 5.7% compared to the prior year; full year revenue of $2.66 billion increased 1.2% Q4 GAAP net income of $2.41 per diluted share and adjusted net income of $4.11 per diluted share Q4 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7% 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 December 31, 2025. "Our strong fourth quarter results demonstrate the strategic actions we took to accelerate our growth and drive progressively stronger performance over the course of the year," said Melissa Smith, WEX
Results will be released after market hours on February 4; Conference call scheduled for February 5 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 2025 financial results in a release to be issued on Wednesday, February 4, 2026, after market close. The press release and WEX's supplemental materials packet—which includes certain details of our fourth quarter and full year performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, February 5, 2026, at 10:00 AM ET, Melissa Smith, WEX's Chair, Ch
Revenue of $692 million increased 3.9% compared to the prior year GAAP net income of $2.30 per diluted share and adjusted net income of $4.59 per diluted share GAAP operating income margin of 26.5% and adjusted operating income margin of 39.5% Raises full year 2025 revenue guidance to $2.63 billion to $2.65 billion and adjusted net income guidance to $15.76 to $15.96 per diluted share Separately, announced the appointment of David Foss to Board of Directors effective November 3, 2025 WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2025. "Our strategy to retu
Results will be released after market hours on October 29; Conference call scheduled for October 30 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2025 financial results in a release to be issued on Wednesday, October 29, 2025, after market close. The press release and WEX's supplemental materials packet—which includes certain details of our third quarter performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, October 30, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and Pre
Q2 GAAP net income was $1.98 per diluted share; Q2 adjusted net income was $3.95 per diluted share Q2 GAAP operating income margin of 23.8% and adjusted operating income margin of 36.8% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2025. "We delivered stronger financial results than anticipated in the second quarter with adjusted EPS exceeding guidance and revenue coming in at the top end of our guidance. Our ability to win top-tier customers underscores the compelling value of our solutions and the strength of our business. As we continue to execute against our stra
Results will be released after market hours on July 23; Conference call scheduled for July 24 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2025 financial results in a release to be issued on Wednesday, July 23, 2025, after market close. The press release and WEX's supplemental materials packet—which include a summary and discussion of our second quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, July 24, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President,
Q1 revenue decreased 2% year-over-year to $637 million, driven by fuel prices and foreign exchange rates Q1 GAAP net income was $1.81 per diluted share; Q1 adjusted net income was $3.51 per diluted share Q1 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7% $790 million spent on share repurchases in Q1, reducing share count by approximately 13.1% 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, 2025. "I am pleased with WEX's Q1 performance and the continued progress we are making against our strategic priorities. WEX's strong financial p
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Highlights strategic progress, improving results and the Board's multi-year evolution Urges shareholders to vote "FOR" ONLY WEX's nine highly qualified nominees using the BLUE proxy card WEX (NYSE:WEX) ("WEX" or the "Company"), a global leader in intelligent payment solutions, today announced that it filed definitive proxy materials with the Securities and Exchange Commission ("SEC") in connection with its upcoming 2026 Annual Meeting of Stockholders ("Annual Meeting"), scheduled for May 5, 2026. In conjunction with the definitive proxy materials, WEX is also mailing a letter to shareholders. This press release features multimedia. View the full release here: https://www.businesswire.c
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Sandy Kuohn as its Chief People Officer (CPO). In this role, Kuohn will lead WEX's global people strategy, aligning talent, culture, and organizational capabilities to advance the company's strategy and focus on disciplined growth. Sara Trickett, who served as interim CPO, will continue in her role as Chief Legal Officer and Corporate Secretary. Kuohn is an accomplished global human resources executive with a proven record of scaling organizations and building programs that enable high-performing cultures. Her leadership will help WEX continue simplifying how
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that David Foss has been appointed to its Board of Directors, effective November 3, 2025. Mr. Foss's appointment is the result of an extensive search process with the assistance of an independent recruitment firm. Mr. Foss brings over 30 years of leadership experience in financial services and financial technology to WEX, most recently as Chief Executive Officer of Jack Henry & Associates (NASDAQ:JKHY). He also has relevant public company board experience, currently serving as Chair of Jack Henry and as a Director of CNO Financial Group (NYSE:CNO). "We are pleased to welcome
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that Sachin Dhawan has been appointed Chief Technology Officer (CTO). In this position, Mr. Dhawan will lead WEX's global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications and Corporate IT, and technology-risk management. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231212875342/en/(Photo: Business Wire) "Sachin is a career technologist with decades of global experience articulating and
Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. Prior to Elevate, she served as chief growth and marketing officer at benefitexpress, which was acquired by Wex (NASDAQ:WEX), a leading global benefits company. Previously, she was senior vice president at WageWorks, leading the organization's health plan partner channel business. Earlier in her career, she held seni
Veteran WEX officer to take on additional strategic duties WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Jay Dearborn as Chief Strategy Officer, effective immediately. In this newly created role, Dearborn will drive both strategy and operational planning across the organization. He will also be responsible for end-to-end M&A activities, including deal origination, execution, and integration, as well as government affairs and external communications. "As we outlined at our Investor Day in March, WEX has a strong history of evolution, and today's announcement represents our commitment to further streamlini
Appointment effective May 25, 2022 WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that Jagtar Narula has been appointed Chief Financial Officer (CFO), effective May 25, 2022. "Jagtar has proven strategic and financial experience leading innovative technology companies," said Melissa Smith, WEX's Chair and Chief Executive Officer. "His strong track record of successfully executing and integrating acquisitions, driving thoughtful growth through effective capital allocation, and building strong finance organizations in technology companies complements our existing leadership team and positions us well for continued profitable