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WEX

WEX Inc

WEX

180.46USD+2.80 (+1.58%)Market Closed
Watchlist

Market Summary

USD180.46+2.80
Market Closed
1.58%

WEX Alerts

  • 1 major insider buys and 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

WEX Stock Price

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WEX RSI Chart

WEX Valuation

Market Cap

7.7B

Price/Earnings (Trailing)

28.5

Price/Sales (Trailing)

3.08

EV/EBITDA

12.27

Price/Free Cashflow

13.29

WEX Price/Sales (Trailing)

WEX Profitability

Operating Margin

61.28%

EBT Margin

15.37%

Return on Equity

15.94%

Return on Assets

1.95%

Free Cashflow Yield

7.52%

WEX Fundamentals

WEX Revenue

Revenue (TTM)

2.5B

Revenue Y/Y

5.73%

Revenue Q/Q

4.84%

WEX Earnings

Earnings (TTM)

270.4M

Earnings Y/Y

141.72%

Earnings Q/Q

-80.69%

Price Action

Last 7 days

-0.8%

Last 30 days

5.1%

Last 90 days

-9.2%

Trailing 12 Months

13.1%

How does WEX drawdown profile look like?

WEX Financial Health

Current Ratio

1.03

WEX Investor Care

Buy Backs (1Y)

3.39%

Diluted EPS (TTM)

6.17

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.4B2.5B2.5B0
20222.0B2.1B2.2B2.4B
20211.5B1.7B1.8B1.9B
20201.8B1.7B1.6B1.6B
20191.5B1.6B1.7B1.7B
20181.3B1.4B1.4B1.5B
20171.1B1.2B1.2B1.2B
2016858.3M878.6M940.3M1.0B
2015834.7M850.8M856.0M854.6M
2014734.2M757.5M788.1M0
2013643.4M668.1M692.8M717.5M
2012573.1M584.9M594.0M618.7M
2011426.6M476.5M528.1M553.1M
2010330.6M344.1M358.5M390.4M
20090311.5M327.4M315.2M
2008000388.2M

Latest Insider Trading transactions for WEX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Nov 21, 2023
vanwoerkom jack
sold
-348,760
174
-2,000
-
Nov 07, 2023
kimball jennifer
sold
-69,374
173
-399
chief accounting officer
Oct 31, 2023
smith stephen montgomery
bought
165,310
165
1,000
-
Oct 13, 2023
callahan don
acquired
-
-
139
-
Oct 13, 2023
groch james r
acquired
-
-
112
-
Aug 31, 2023
deshaies robert joseph
sold
-196,220
196
-1,000
coo, americas
Aug 18, 2023
tinto melanie j
sold
-840,787
182
-4,601
chief human resources officer
Aug 18, 2023
tinto melanie j
acquired
413,343
138
2,992
chief human resources officer
Aug 17, 2023
groch james r
bought
252,450
187
1,350
-
Aug 02, 2023
rapkin hilary a
gifted
-
-
-133
chief legal officer

1–10 of 50

Which funds bought or sold WEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
reduced
-3.85
-18,452
2,728,620
-%
Dec 06, 2023
VisionPoint Advisory Group, LLC
added
74.7
12,163
27,273
0.01%
Nov 27, 2023
OKABENA INVESTMENT SERVICES INC
unchanged
-
337
10,533
0.01%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-58.48
-3,425,600
2,572,700
-%
Nov 22, 2023
Aurora Investment Counsel
reduced
-0.09
39,236
1,260,020
0.83%
Nov 22, 2023
Graham Capital Management, L.P.
sold off
-100
-554,585
-
-%
Nov 21, 2023
COMERICA BANK
new
-
6,545,320
6,545,320
0.03%
Nov 21, 2023
Walleye Capital LLC
new
-
9,035,090
9,035,090
0.02%
Nov 21, 2023
Walleye Trading LLC
new
-
388,218
388,218
-%
Nov 17, 2023
JACOBS LEVY EQUITY MANAGEMENT, INC
reduced
-26.85
-2,021,360
6,251,170
0.04%

1–10 of 43

Latest Funds Activity

Are funds buying WEX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WEX
No. of Funds

Schedule 13G FIlings of WEX Inc

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 Inc

View All Filings
Date Filed Form Type Document
Nov 30, 2023
144
Notice of Insider Sale Intent
Nov 22, 2023
4
Insider Trading
Nov 21, 2023
144
Notice of Insider Sale Intent
Nov 08, 2023
4
Insider Trading
Nov 08, 2023
144
Notice of Insider Sale Intent
Nov 02, 2023
4
Insider Trading
Oct 27, 2023
10-Q
Quarterly Report
Oct 26, 2023
8-K
Current Report
Oct 17, 2023
4
Insider Trading
Oct 17, 2023
4
Insider Trading

WEX Fair Value

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Peers (Alternatives to WEX Inc)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.8T
218.3B
3.06% 51.30%
36.08
12.74
7.50% 10.47%
278.2B
18.9B
4.22% 83.42%
54.32
14.73
9.86% 6.40%
57.7B
2.8B
25.14% 112.32%
-4.9K
20.26
39.94% 93.33%
42.0B
20.8B
32.31% 9.14%
-148.25
2.02
22.61% 44.15%
17.3B
3.7B
3.47% 27.21%
33.52
4.61
4.19% -7.24%
MID-CAP
10.1B
2.8B
9.61% 12.40%
25.61
3.6
4.35% 22.59%
5.7B
601.6M
2.88% 48.43%
-345.13
9.49
8.88% 70.93%
4.0B
563.1M
2.56% -27.99%
-19.14
7.08
28.98% 53.96%
3.0B
1.4B
13.82% 33.29%
33.87
2.11
-0.63% -44.79%
2.7B
525.8M
-4.35% -3.69%
-19.65
5.08
17.58% 4.56%
SMALL-CAP
1.6B
1.2B
3.71% -9.34%
20.12
1.34
8.09% 97.57%
952.3M
258.9M
8.80% -33.99%
23.76
3.68
-5.29% 1.20%
306.7M
592.7M
-5.14% -52.77%
10.94
0.52
9.29% 227.17%
8.2M
16.3M
3.95% -43.50%
-4.45
0.5
-2.49% -246.74%
7.2M
13.4M
-5.00% -86.76%
-0.77
0.54
-18.06% -46.22%

WEX Inc News

Latest updates
MarketBeat09 Dec 202306:27 pm9 hours ago
DirectorsTalk Interviews07 Dec 202301:05 pm2 days ago
MarketBeat06 Dec 202311:52 am3 days ago
Marketscreener.com05 Dec 202306:07 pm4 days ago
Marketscreener.com05 Dec 202305:24 pm4 days ago
Nasdaq03 Dec 202303:00 pm6 days ago
Yahoo Finance28 Nov 202308:00 am11 days ago
Yahoo Finance23 Nov 202308:00 am16 days ago
Investing.com15 Nov 202303:25 pm24 days ago
Investing.com15 Nov 202308:00 am24 days ago
Investing.com Italia15 Nov 202308:00 am24 days ago
Marketscreener.com08 Nov 202301:17 pm31 days ago
Marketscreener.com08 Nov 202308:00 am31 days ago
Marketscreener.com07 Nov 202308:00 am32 days ago
Marketscreener.com07 Nov 202308:00 am32 days ago

Financials for WEX Inc

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue4.8%651621612619616598518498483459411399382347432440460442382381387
Cost Of Revenue0.0%235235247252252224202193180172158169157162186180166161153138147
  S&GA Expenses4.9%83.0079.0080.0077.0081.0080.0074.0073.0082.0086.0078.0079.0065.0055.0069.0049.0074.0073.0064.0060.0055.00
EBITDA Margin18.1%0.22*0.19*0.21*0.23*0.24*0.30*0.26*0.20*0.01*-0.05*-0.07*-0.09*0.12*0.17*0.19*------
Interest Expenses----35.0034.0032.0030.0030.0032.0032.0033.0055.0041.0029.0032.0033.0035.0036.0031.0077.0010.00
Income Taxes15.6%26.0023.0030.0036.001.0015.0042.0051.0019.00-0.75-1.67-16.7422.00-19.75-5.7124.0019.0012.006.0017.0021.00
Earnings Before Taxes-62.3%44.0011898.00124-43.3049.0013110271.009.0022.00-240-36.11-6.35-17.9889.0062.0044.0022.0039.0078.00
EBT Margin27.7%0.15*0.12*0.09*0.11*0.11*0.17*0.16*0.11*-0.08*-0.15*-0.17*-0.19*0.02*0.08*0.10*------
Net Income-80.7%18.0095.0068.0089.00-44.1034.0089.0051.0052.0010.0022.00-224-58.9613.00-13.6354.0043.0032.0016.0021.0057.00
Net Income Margin28.2%0.11*0.08*0.06*0.07*0.06*0.11*0.10*0.07*-0.08*-0.15*-0.16*-0.18*0.00*0.06*0.07*------
Free Cashflow-73.2%10.0038.00-3.501855651.00-18513093.0077.00-23562.0030.00365320------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets4.1%13,90013,34812,72711,52911,90912,32311,33310,3079,5149,2288,3178,1838,3147,9077,6988,2988,5418,5737,9556,7717,160
  Current Assets4.9%9,1328,7058,0516,8177,1997,4266,3385,3004,4364,0943,7083,5034,0313,5613,3123,8424,0544,3083,6453,3983,909
    Cash Equivalents6.3%9589019229227594395785895344255618521,5221,272861811531768387541556
  Net PPE3.0%229222210202187181178180179180183188193205208212208197197188167
  Goodwill2.5%2,7972,7282,7262,7292,7032,8732,9162,9082,9062,9262,7592,6882,4312,4342,4182,4412,4361192,3311,832-
Liabilities5.4%12,20411,57911,0579,88010,27810,5079,4078,2147,4787,2456,2866,1486,1105,8195,6626,2056,5436,6126,0384,9755,310
  Current Liabilities6.3%8,8568,3347,5036,2946,4146,3995,2534,4003,6053,5163,3082,7412,6722,5902,4863,0503,1133,0372,6162,3122,612
    LT Debt, Non Current6.0%2,6502,4992,6312,5222,6442,7622,7742,6952,8022,8672,5082,8742,8792,6542,6722,6872,7012,7652,8092,1342,141
Shareholder's Equity-4.1%1,6961,7691,6711,6501,6311,8161,9271,8391,8441,7951,8881,9182,0971,9881,8771,9281,8521,8441,8171,7961,776
  Retained Earnings1.1%1,6721,6541,5591,4911,4021,4461,4121,2891,3011,2531,2861,2871,5211,5871,5141,5391,4851,4701,4561,4821,551
  Additional Paid-In Capital3.8%1,018981951928907881856844830809850873849695681675662652635593584
Accumulated Depreciation3.8%593571552530515493478458465444425402407387363344345327325308313
Shares Outstanding-0.5%43.0043.0043.0043.0044.0045.0045.0045.0045.0045.0044.0044.0044.0044.0043.0043.0043.0043.0043.0043.0043.00
Minority Interest------------13.0012.0011.0010.0010.0010.0011.0010.0010.0010.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-35.8%47.0072.0027.00573428-152-168-32.2211295.00-217-37.6549.003863404581269.0070.00213254
  Share Based Compensation-15.0%31.0036.0025.0021.0028.0025.0024.0015.0022.0021.0018.0019.0018.0014.0013.0012.009.0015.0010.009.009.00
Cashflow From Investing4.4%-249-260-1,062-52.75-53.20-504-106-990-15.33-579-16.41-254-33.35-20.90-20.71-68.30-297-28.04-596-196-20.09
Cashflow From Financing-44.2%2374251,044-4221277072701,11979.00513-114-10124654.00-257-87.93-54.60396496-21.77-12.78
  Buy Backs1467.7%49.003.0010113369.0081.00---------3.00---3.00-

WEX Income Statement

2023-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues    
Total revenues$ 651.4$ 616.1$ 1,884.7$ 1,731.9
Cost of services    
Processing costs156.4146.3451.7416.3
Service fees18.516.654.747.2
Provision for credit losses9.454.077.5121.9
Operating interest25.37.957.613.4
Depreciation and amortization25.527.375.979.9
Total cost of services235.1252.1717.4678.6
General and administrative116.686.5311.7248.7
Sales and marketing82.880.9241.6235.3
Depreciation and amortization42.038.9125.4118.2
Impairment charges0.0136.50.0136.5
Operating income174.921.3488.6314.7
Financing interest expense(41.6)(34.4)(122.4)(95.9)
Change in fair value of contingent consideration(3.2)(30.3)(6.2)(135.1)
Loss on extinguishment of Convertible Notes(70.1)0.0(70.1)0.0
Net foreign currency loss(7.8)(23.4)(9.4)(37.8)
Net unrealized (loss) gain on financial instruments(7.8)23.5(20.1)90.3
Income (loss) before income taxes44.4(43.3)260.4136.1
Income tax expense26.00.878.757.3
Net income (loss)18.4(44.1)181.778.8
Less: Net income from non-controlling interests0.00.00.00.3
Net income (loss) attributable to WEX Inc.18.4(44.1)181.778.5
Change in value of redeemable non-controlling interest0.00.00.034.2
Net income (loss) attributable to shareholders18.4(44.1)181.7112.7
Net income (loss) attributable to shareholders$ 18.4$ (44.1)$ 181.7$ 112.7
Net income (loss) attributable to shareholders per share:    
Basic (in dollars per share)$ 0.43$ (1.00)$ 4.23$ 2.53
Diluted (in dollars per share)$ 0.42$ (1.00)$ 4.18$ 2.51
Weighted average common shares outstanding:    
Basic (in shares)42.944.243.044.6
Diluted (in shares)43.444.243.545.0
Payment processing revenue    
Revenues    
Total revenues$ 313.3$ 309.0$ 901.9$ 860.8
Account servicing revenue    
Revenues    
Total revenues161.5138.3475.1415.9
Finance fee revenue    
Revenues    
Total revenues77.196.7234.2260.6
Other revenue    
Revenues    
Total revenues$ 99.5$ 72.1$ 273.5$ 194.6

WEX Balance Sheet

2023-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 957.8$ 922.0
Restricted cash1,159.1937.8
Accounts receivable, net4,053.53,275.7
Investment securities2,625.21,395.3
Securitized accounts receivable, restricted147.2143.2
Prepaid expenses and other current assets189.0143.3
Total current assets9,131.86,817.1
Property, equipment and capitalized software (net of accumulated depreciation of $592.6 in 2023 and $529.9 in 2022)228.9202.2
Goodwill2,796.92,728.9
Other intangible assets (net of accumulated amortization of $1,302.5 in 2023 and $1,173.2 in 2022)1,443.41,473.6
Investment securities46.848.0
Deferred income taxes, net11.613.4
Other assets241.0246.0
Total assets13,900.411,529.2
Liabilities and Stockholders’ Equity  
Accounts payable1,742.71,365.8
Accrued expenses and other current liabilities745.1643.9
Restricted cash payable1,158.4937.1
Short-term deposits4,252.83,144.6
Short-term debt, net957.3202.6
Total current liabilities8,856.36,294.1
Long-term debt, net2,650.12,522.2
Long-term deposits115.5334.2
Deferred income taxes, net140.5142.2
Other liabilities441.7587.1
Total liabilities12,204.19,879.7
Stockholders’ Equity  
Common stock $0.01 par value; 175.0 shares authorized; 49.9 shares issued in 2023 and 49.6 in 2022; 42.7 shares outstanding in 2023 and 43.2 in 20220.50.5
Additional paid-in capital1,018.3928.0
Retained earnings1,672.21,490.5
Accumulated other comprehensive loss(385.5)(306.3)
Treasury stock at cost; 7.1 and 6.3 shares in 2023 and 2022, respectively(609.2)(463.2)
Total stockholders’ equity1,696.31,649.5
Total liabilities and stockholders’ equity$ 13,900.4$ 11,529.2
WEX
WEX Inc. operates a commerce platform in the United States and internationally. The Fleet Solutions segment offers fleet vehicle payment solutions, transaction processing, and information management services. It also provides account 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 tools to fleets to manage expenses and capital requirements. 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 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 physical card is presented. This segment markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals, as well as businesses and financial institutions. The Health and Employee Benefit Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. Its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. This segment also provides custodial and depository services for health savings accounts; and payroll-related benefits. This segment markets its products through third-party administrators, financial institutions, payroll providers, and health plans. 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.
 CEO
 WEBSITEwww.wexinc.com
 EMPLOYEES6100

WEX Inc Frequently Asked Questions


What is the ticker symbol for WEX Inc? What does WEX stand for in stocks?

WEX is the stock ticker symbol of WEX Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of WEX Inc (WEX)?

As of Fri Dec 08 2023, market cap of WEX Inc is 7.71 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WEX stock?

You can check WEX's fair value in chart. The fair value of WEX Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of WEX Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WEX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is WEX Inc a good stock to buy?

The fair value guage provides a quick view whether WEX is over valued or under valued. Whether WEX Inc is cheap or expensive depends on the assumptions which impact WEX Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WEX.

What is WEX Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Dec 08 2023, WEX's PE ratio (Price to Earnings) is 28.5 and Price to Sales (PS) ratio is 3.08. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WEX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on WEX Inc's stock?

In the past 10 years, WEX Inc has provided 0.063 (multiply by 100 for percentage) rate of return.