Market Summary
USD165.85-1.15
Market Closed-0.69%
WEX Alerts
WEX Stock Price
WEX RSI Chart
WEX Valuation
WEX Price/Sales (Trailing)
WEX Profitability
WEX Fundamentals
WEX Revenue
WEX Earnings
Price Action
52 Week Range
125.00204.06
(Low)(High)
Last 7 days
-2.1%
Last 30 days
-4.7%
Last 90 days
-14.7%
Trailing 12 Months
-2.6%
WEX Financial Health
WEX Investor Care
Peers (Alternatives to WEX)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MA | 347.9B | 22.8B | -3.91% | 2.15% | 36.01 | 15.25 | 14.69% | 1.79% |
ACN | 193.0B | 63.1B | 9.48% | 3.32% | 27.81 | 3.06 | 11.38% | 8.58% |
FIS | 35.1B | 14.5B | -3.74% | -47.54% | -2.1 | 2.42 | 2.83% | -1935.16% |
GPN | 25.6B | 9.1B | -5.16% | -25.30% | -177.24 | 2.81 | 4.85% | -114.24% |
AKAM | 14.1B | 3.6B | 14.38% | -8.83% | 28.87 | 3.88 | 3.02% | -22.55% |
| MID-CAP | ||||||||
WEX | 7.1B | 2.4B | -4.72% | -2.60% | 48.4 | 2.9 | 24.92% | -27.14% |
EXLS | 5.0B | 1.5B | -13.98% | 6.15% | 31.81 | 3.39 | 24.65% | 32.87% |
MMS | 4.9B | 4.8B | -3.87% | 25.87% | 28.58 | 1.03 | 1.73% | -31.11% |
WU | 4.3B | 4.4B | 4.78% | -36.30% | 5.54 | 0.98 | -13.15% | -16.16% |
| SMALL-CAP | ||||||||
MGI | 1.1B | 1.3B | 16.67% | 9.03% | 30.77 | 0.8 | 4.60% | 957.58% |
CNDT | 661.9M | 3.8B | -15.13% | -42.83% | -2.04 | 0.17 | -6.52% | -372.27% |
CASS | 529.6M | 189.7M | 5.46% | 14.12% | 15.68 | 2.79 | 19.22% | 13.33% |
IIIV | 525.5M | 345.7M | -1.51% | -2.02% | -70.97 | 1.52 | 22.43% | 55.73% |
Financials for WEX
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 4.0% | 2,445 | 2,351 | 2,229 | 2,096 | 1,957 |
| S&GA Expenses | 1.9% | 318 | 312 | 308 | 309 | 315 |
| EBITDA | 4.8% | 549 | 524 | 638 | 510 | - |
| EBITDA Margin | -0.6% | 0.23* | 0.24* | 0.30* | 0.26* | - |
| Earnings Before Taxes | -12.5% | 228 | 261 | 238 | 352 | 313 |
| EBT Margin | 3.9% | 0.11* | 0.11* | 0.17* | 0.16* | - |
| Interest Expenses | 3.6% | 131 | 126 | 124 | 125 | - |
| Net Income | -12.3% | 147 | 167 | 130 | 225 | 201 |
| Net Income Margin | 22.3% | 0.07* | 0.06* | 0.11* | 0.10* | - |
| Free Cahsflow | 77.9% | 567 | 318 | 40.00 | 115 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 10.4% | 12,727 | 11,529 | 11,909 | 12,323 | 11,333 |
| Current Assets | 18.1% | 8,051 | 6,817 | 7,199 | 7,426 | 6,338 |
| Cash Equivalents | 0.0% | 922 | 922 | 759 | 439 | 578 |
| Net PPE | 3.8% | 210 | 202 | 187 | 181 | 178 |
| Goodwill | -0.1% | 2,726 | 2,729 | 2,703 | 2,873 | 2,916 |
| Liabilities | 11.9% | 11,057 | 9,880 | 10,278 | 10,507 | 9,407 |
| Current Liabilities | 19.2% | 7,503 | 6,294 | 6,414 | 6,399 | 5,253 |
| LT Debt, Current | -11.0% | 156 | 176 | 158 | - | - |
| LT Debt, Non Current | 4.3% | 2,631 | 2,522 | 2,644 | 2,762 | 2,774 |
| Shareholder's Equity | 1.3% | 1,671 | 1,650 | 1,631 | 1,816 | 1,927 |
| Retained Earnings | 4.6% | 1,559 | 1,491 | 1,402 | 1,446 | 1,412 |
| Additional Paid-In Capital | 2.5% | 951 | 928 | 907 | 881 | 856 |
| Accumulated Depreciation | 4.2% | 552 | 530 | 515 | 493 | 478 |
| Shares Outstanding | -0.9% | 43.00 | 43.00 | 44.00 | 45.00 | 45.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 28.8% | 875 | 679 | 424 | -58.76 | 6.00 |
| Share Based Compensation | 1.6% | 99.00 | 98.00 | 91.00 | 85.00 | 81.00 |
| Cashflow From Investing | -133.3% | -1,672 | -716 | -1,654 | -1,616 | -1,691 |
| Cashflow From Financing | 113.6% | 1,455 | 681 | 1,872 | 1,991 | 1,981 |
| Buy Backs | 35.7% | 384 | 283 | 150 | 81.00 | 0.00 |
Risks for WEX
What is the probability of a big loss on WEX?
84.6%
Probability that WEX stock will be more than 20% underwater in next one year
55.4%
Probability that WEX stock will be more than 30% underwater in next one year.
28.1%
Probability that WEX stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WEX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if WEX was unfortunately bought at previous high price.
Drawdowns
Returns for WEX
Cumulative Returns on WEX
8.4%
10-Year Cumulative Returns
8.6%
7-Year Cumulative Returns
-1.4%
5-Year Cumulative Returns
3.9%
3-Year Cumulative Returns
What are the long-term rolling returns for WEX?
FIve years rolling returns for WEX.
Annualized Returns
Which funds bought or sold WEX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-26 | ProShare Advisors LLC | reduced | -8.6 | 12,552 | 476,827 | -% |
2023-05-26 | ALTERNA WEALTH MANAGEMENT, INC | sold off | -100 | -226,328 | - | -% |
2023-05-23 | Brookfield Corp /ON/ | new | - | 1,997,780 | 1,997,780 | 0.01% |
2023-05-23 | Toroso Investments, LLC | added | 107 | 452,000 | 792,000 | 0.01% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -17.2 | -4,275,000 | 57,152,000 | 0.02% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -3.4 | 809,000 | 10,262,000 | 0.01% |
2023-05-18 | JPMORGAN CHASE & CO | added | 3.03 | 33,491,300 | 245,840,000 | 0.03% |
2023-05-17 | Sunbelt Securities, Inc. | new | - | 11,451 | 11,451 | -% |
2023-05-17 | Thrivent Financial for Lutherans | reduced | -13.38 | -106,000 | 3,860,000 | 0.01% |
2023-05-17 | HEADINVEST, LLC | new | - | 208,715 | 208,715 | 0.05% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
WEX Alerts
WEX News
Schedule 13G FIlings of WEX
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| May 10, 2023 | vanguard group inc | 10.03% | 4,296,919 | SC 13G/A | |
| Feb 10, 2023 | janus henderson group plc | 8.8% | 3,827,186 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.69% | 4,223,755 | SC 13G/A | |
| Feb 06, 2023 | wellington management group llp | 7.87% | 3,432,146 | SC 13G/A | |
| Jan 25, 2023 | blackrock inc. | 9.2% | 4,003,725 | SC 13G/A | |
| Feb 11, 2022 | janus henderson group plc | 7.6% | 3,385,731 | SC 13G/A | |
| Feb 11, 2022 | morgan stanley | 5.4% | 2,433,798 | SC 13G/A | |
| Feb 04, 2022 | wellington management group llp | 8.86% | 3,969,599 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 9.1% | 4,057,826 | SC 13G/A | |
| Jan 18, 2022 | jpmorgan chase & co | 5.2% | 2,370,358 | SC 13G/A |
Recent SEC filings of WEX
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 18, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 144 | Notice of Insider Sale Intent | |
| May 16, 2023 | 8-K | Current Report | |
| May 15, 2023 | 4 | Insider Trading | |
| May 15, 2023 | 4 | Insider Trading | |
| May 15, 2023 | 4 | Insider Trading | |
| May 15, 2023 | 4 | Insider Trading | |
| May 15, 2023 | 4 | Insider Trading | |
| May 15, 2023 | 4 | Insider Trading | |
| May 15, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for WEX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-17 | Kimball Jennifer | acquired | 46,824 | 109 | 427 | chief accounting officer |
2023-05-17 | Kimball Jennifer | sold | -165,343 | 176 | -939 | chief accounting officer |
2023-05-12 | Altobello Nancy A. | acquired | - | - | 1,030 | - |
2023-05-12 | Neary James | acquired | - | - | 1,030 | - |
2023-05-12 | Roman Derrick A. | acquired | - | - | 1,030 | - |
2023-05-12 | VANWOERKOM JACK | acquired | - | - | 1,030 | - |
2023-05-12 | GHOSH SHIKHAR | acquired | - | - | 1,030 | - |
2023-05-12 | Smith Stephen Montgomery | acquired | - | - | 1,030 | - |
2023-05-12 | SOMMER REGINA O | acquired | - | - | 1,030 | - |
2023-05-12 | GROCH JAMES R | acquired | - | - | 1,030 | - |
WEX Inc. provides financial technology services in the United States and internationally. 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; 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 solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. 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. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. 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 based in Portland, Maine.
WEX Income Statement
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Revenues | ||
| Total revenues | $ 612.0 | $ 517.5 |
| Cost of services | ||
| Processing costs | 145.6 | 132.5 |
| Service fees | 18.3 | 15.8 |
| Provision for credit losses | 45.4 | 25.6 |
| Operating interest | 12.8 | 2.3 |
| Depreciation and amortization | 25.2 | 26.0 |
| Total cost of services | 247.3 | 202.2 |
| General and administrative | 88.9 | 78.7 |
| Sales and marketing | 79.9 | 73.9 |
| Depreciation and amortization | 41.6 | 40.5 |
| Operating income | 154.3 | 122.3 |
| Financing interest expense | (38.4) | (29.7) |
| Change in fair value of contingent consideration | (1.8) | (16.6) |
| Net foreign currency (loss) gain | (1.4) | 5.0 |
| Net unrealized (loss) gain on financial instruments | (14.5) | 49.8 |
| Income before income taxes | 98.2 | 130.8 |
| Income tax expense | 30.2 | 42.0 |
| Net income | 68.0 | 88.8 |
| Less: Net income from non-controlling interests | 0.0 | 0.3 |
| Net income attributable to WEX Inc. | 68.0 | 88.5 |
| Change in value of redeemable non-controlling interest | 0.0 | 34.2 |
| Net income attributable to shareholders | $ 68.0 | $ 122.8 |
| Net income attributable to shareholders per share: | ||
| Basic (in dollars per share) | $ 1.58 | $ 2.73 |
| Diluted (in dollars per share) | $ 1.56 | $ 2.71 |
| Weighted average common shares outstanding: | ||
| Basic (in shares) | 43.1 | 44.9 |
| Diluted (in shares) | 43.6 | 45.3 |
| Payment processing revenue | ||
| Revenues | ||
| Total revenues | $ 288.1 | $ 239.5 |
| Account servicing revenue | ||
| Revenues | ||
| Total revenues | 160.7 | 139.9 |
| Finance fee revenue | ||
| Revenues | ||
| Total revenues | 80.7 | 78.6 |
| Other revenue | ||
| Revenues | ||
| Total revenues | $ 82.5 | $ 59.5 |
WEX Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 921.7 | $ 922.0 |
| Restricted cash | 958.7 | 937.8 |
| Accounts receivable, net | 3,400.1 | 3,275.7 |
| Investment securities | 2,478.5 | 1,395.3 |
| Securitized accounts receivable, restricted | 147.3 | 143.2 |
| Prepaid expenses and other current assets | 144.9 | 143.3 |
| Total current assets | 8,051.2 | 6,817.1 |
| Property, equipment and capitalized software (net of accumulated depreciation of $552.0 in 2023 and $529.9 in 2022) | 209.8 | 202.2 |
| Goodwill | 2,725.9 | 2,728.9 |
| Other intangible assets (net of accumulated amortization of $1,216.8 in 2023 and $1,173.2 in 2022) | 1,438.0 | 1,473.6 |
| Investment securities | 48.8 | 48.0 |
| Deferred income taxes, net | 14.1 | 13.4 |
| Other assets | 239.5 | 246.0 |
| Total assets | 12,727.3 | 11,529.2 |
| Liabilities and Stockholders’ Equity | ||
| Accounts payable | 1,432.9 | 1,365.8 |
| Accrued expenses and other current liabilities | 713.4 | 643.9 |
| Restricted cash payable | 958.1 | 937.1 |
| Short-term deposits | 4,107.8 | 3,144.6 |
| Short-term debt, net | 290.4 | 202.6 |
| Total current liabilities | 7,502.6 | 6,294.1 |
| Long-term debt, net | 2,631.3 | 2,522.2 |
| Long-term deposits | 338.7 | 334.2 |
| Deferred income taxes, net | 138.2 | 142.2 |
| Other liabilities | 446.0 | 587.1 |
| Total liabilities | 11,056.8 | 9,879.7 |
| Stockholders’ Equity | ||
| Common stock $0.01 par value; 175.0 shares authorized; 49.7 shares issued in 2023 and 49.6 in 2022; 42.8 shares outstanding in 2023 and 43.2 in 2022 | 0.5 | 0.5 |
| Additional paid-in capital | 950.8 | 928.0 |
| Retained earnings | 1,558.5 | 1,490.5 |
| Accumulated other comprehensive loss | (283.3) | (306.3) |
| Treasury stock at cost; 6.9 and 6.3 shares in 2023 and 2022, respectively | (556.0) | (463.2) |
| Total stockholders’ equity | 1,670.5 | 1,649.5 |
| Total liabilities and stockholders’ equity | $ 12,727.3 | $ 11,529.2 |