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WEX

WEX - WEX Inc Stock Price, Fair Value and News

172.84USD-4.49 (-2.53%)Market Closed

Market Summary

WEX
USD172.84-4.49
Market Closed
-2.53%

WEX Alerts

  • 3 major insider sales recently.

WEX Stock Price

View Fullscreen

WEX RSI Chart

WEX Valuation

Market Cap

7.4B

Price/Earnings (Trailing)

28.1

Price/Sales (Trailing)

2.87

EV/EBITDA

12.38

Price/Free Cashflow

12.8

WEX Price/Sales (Trailing)

WEX Profitability

Operating Margin

61.63%

EBT Margin

13.93%

Return on Equity

14.87%

Return on Assets

1.83%

Free Cashflow Yield

7.81%

WEX Fundamentals

WEX Revenue

Revenue (TTM)

2.6B

Rev. Growth (Yr)

6.65%

Rev. Growth (Qtr)

-1.6%

WEX Earnings

Earnings (TTM)

264.4M

Earnings Growth (Yr)

-3.24%

Earnings Growth (Qtr)

-22.5%

Breaking Down WEX Revenue

Last 7 days

-2.7%

Last 30 days

-14.0%

Last 90 days

-24.2%

Trailing 12 Months

0.2%

How does WEX drawdown profile look like?

WEX Financial Health

Current Ratio

1.06

Debt/Equity

1.73

Debt/Cashflow

0.24

WEX Investor Care

Buy Backs (1Y)

2.19%

Diluted EPS (TTM)

6.15

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20242.6B000
20232.4B2.5B2.5B2.5B
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
2015837.9M849.9M853.9M854.6M
2014734.2M757.5M788.1M817.6M
2013648.4M673.6M704.2M717.5M
2012573.1M584.9M594.0M623.2M
2011426.6M476.5M528.1M553.1M
2010330.6M344.1M358.5M390.4M
20090363.8M339.5M315.2M
2008000388.2M
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Tracking the Latest Insider Buys and Sells of WEX Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 11, 2024
groch james r
acquired
-
-
1,147
-
May 11, 2024
callahan don
acquired
-
-
1,147
-
May 11, 2024
sobbott susan
acquired
-
-
1,147
-
May 11, 2024
roman derrick a.
acquired
-
-
2,294
-
May 11, 2024
neary james
acquired
-
-
1,147
-
May 11, 2024
vanwoerkom jack
acquired
-
-
1,147
-

1–10 of 50

Which funds bought or sold WEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
reduced
-45.45
-2,617
3,803
-%
Jun 04, 2024
Aurora Investment Counsel
reduced
-0.18
412,592
1,583,140
0.91%
Jun 04, 2024
DekaBank Deutsche Girozentrale
unchanged
-
78,000
502,000
-%
May 29, 2024
Clean Yield Group
unchanged
-
21,490
118,765
0.05%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-2.46
895,000
5,583,000
0.05%
May 28, 2024
Boston Partners
reduced
-5.56
1,140,220
8,759,630
0.01%
May 24, 2024
Cetera Investment Advisers
added
856
2,886,110
3,156,540
0.01%
May 22, 2024
BURNEY CO/
reduced
-42.65
-1,670,110
3,900,240
0.15%
May 17, 2024
New Covenant Trust Company, N.A.
new
-
8,314
8,314
0.01%
May 16, 2024
CASTLEARK MANAGEMENT LLC
added
36.18
2,341,090
5,874,120
0.24%

1–10 of 45

Are Funds Buying or Selling WEX?

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

Unveiling WEX Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
janus henderson group plc
9.6%
4,090,463
SC 13G/A
Feb 13, 2024
vanguard group inc
9.83%
4,199,017
SC 13G/A
Feb 08, 2024
wellington management group llp
7.31%
3,122,500
SC 13G/A
Jan 25, 2024
blackrock inc.
9.0%
3,841,491
SC 13G/A
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
Dec 09, 2022
morgan stanley
4.2%
1,834,985
SC 13G/A

Recent SEC filings of WEX Inc

View All Filings
Date Filed Form Type Document
Jun 10, 2024
144
Notice of Insider Sale Intent
May 15, 2024
8-K
Current Report
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading

Peers (Alternatives to WEX Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.3T
236.6B
6.61% 31.94%
38.04
13.86
13.97% 24.86%
206.0B
19.9B
-4.81% -3.99%
42.91
10.33
10.76% 1.35%
93.9B
3.3B
21.36% 153.00%
713.18
28.59
34.26% 187.06%
39.8B
22.9B
-7.33% -1.36%
90.67
1.74
23.28% 285.17%
13.5B
3.9B
-6.28% -3.67%
21.51
3.47
7.01% 28.42%
MID-CAP
9.8B
2.8B
-1.95% 11.76%
19.76
3.54
0.20% 52.82%
8.0B
619.6M
13.69% 25.25%
837.68
12.95
7.11% 116.83%
6.8B
605.7M
3.28% 14.99%
-36.07
11.23
18.08% 24.38%
3.7B
1.5B
-3.32% 51.35%
25.45
2.51
6.51% 54.77%
2.1B
560.0M
-12.05% -45.67%
-19.66
3.78
14.52% 34.67%
SMALL-CAP
1.2B
1.2B
-5.27% -19.26%
18.53
1.04
3.70% 27.53%
1.0B
254.7M
-10.25% -4.47%
22.95
4.12
-7.51% 2.74%
516.6M
634.3M
-11.40% 44.77%
-17.7
0.81
9.43% -197.31%
14.1M
26.4M
-35.75% -71.87%
-1.22
0.53
212.19% -94.63%
10.9M
15.3M
-16.80% -10.34%
-1.09
0.72
-7.99% -1417.41%

WEX Inc News

Latest updates
Defense World13 hours ago
Yahoo Canada Finance11 Jun 202401:40 pm
Yahoo Finance05 Jun 202403:40 pm
Yahoo Finance24 May 202407:00 am
Business Wire21 May 202407:00 am

WEX Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-1.6%653663651621612619616598518497483459411399382347432440460442382
Cost Of Revenue4.4%267256235235247252252224202193180172158169157162186180166161153
  S&GA Expenses-1.0%85.0086.0083.0079.0080.0077.0081.0080.0074.0073.0082.0086.0078.0079.0065.0055.0069.0049.0074.0073.0064.00
EBITDA Margin-1.9%0.30*0.31*0.27*0.24*0.21*0.23*0.24*0.31*0.31*0.27*0.10*0.04*---------
Interest Expenses------33.0034.0032.0030.0034.0032.0032.0033.0055.0041.0029.0032.0033.0035.0036.0031.00
Income Taxes3.0%24.0024.0026.0023.0030.0036.001.0015.0042.0051.0019.00-0.75-1.67-16.7422.00-19.75-5.7124.0019.0012.006.00
Earnings Before Taxes-17.0%90.0010844.0011898.00124-43.3049.0013110271.009.0022.00-240-36.11-6.35-17.9889.0062.0044.0022.00
EBT Margin-3.8%0.14*0.14*0.15*0.12*0.09*0.11*0.11*0.17*0.16*0.11*-0.08*-0.15*---------
Net Income-22.5%66.0085.0018.0095.0068.0089.00-44.1034.0089.0051.0052.0010.0022.00-224-58.9613.00-13.6354.0043.0032.0016.00
Net Income Margin-2.4%0.10*0.10*0.11*0.08*0.06*0.07*0.06*0.11*0.10*0.07*-0.08*-0.15*---------
Free Cashflow-126.0%-18772010.0038.00-3.50535398-174-192-62.7693.0077.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets3.9%14,42213,88213,90013,34812,72711,52911,90912,32311,33310,3079,5149,2288,3178,1838,3147,9077,6988,2988,5418,5737,955
  Current Assets6.7%9,5358,9359,1328,7058,0516,8177,1997,4266,3385,3004,4364,0943,7083,5034,0313,5613,3123,8424,0544,3083,645
    Cash Equivalents-20.1%7809769589019229227594395785895344255618521,5221,272861811531768387
  Net PPE2.7%250243229222210202187181178180179180183188193205208212208197197
  Goodwill-0.4%3,0043,0162,7972,7282,7262,7292,7032,8732,9162,9082,9062,9262,7592,6882,4312,4342,4182,4412,4361192,331
Liabilities4.8%12,64412,06212,20411,57911,0579,88010,27810,5079,4078,2147,4787,2456,2866,1486,1105,8195,6626,2056,5436,6126,038
  Current Liabilities5.5%8,9868,5198,8568,3347,5036,2946,4146,3995,2534,4003,6053,5163,3082,7412,6722,5902,4863,0503,1133,0372,616
  Long Term Debt9.0%3,0822,8282,6502,4992,6312,5222,6442,7622,7742,6952,8022,8672,5082,8742,8792,6542,6722,6872,7012,7652,809
    LT Debt, Non Current9.0%3,0822,8282,6502,4992,6312,5222,6442,7622,7742,6952,8022,8672,5082,8742,8792,6542,6722,6872,7012,7652,809
Shareholder's Equity-2.4%1,7781,8211,6961,7691,6711,6501,6311,8161,9271,8391,8441,7951,8881,8782,0971,9881,8771,9281,8521,8441,817
  Retained Earnings3.7%1,8231,7571,6721,6541,5591,4911,4021,4461,4121,2891,3011,2531,2861,2871,5211,5871,5141,5391,4851,4701,456
  Additional Paid-In Capital1.2%1,0651,0531,018981951928907881856844830809850873849695681675662652635
Accumulated Depreciation4.7%570544593571552530515493478458465444425402407387363344345327325
Shares Outstanding0%42.0042.0043.0043.0043.0043.0045.0045.0045.0045.0045.0045.00---------
Minority Interest--------------13.0012.0011.0010.0010.0010.0011.0010.00
Float----7,800---6,890---8,642---7,140---8,946-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-120.1%-15376247.0072.0027.00573428-152-168-32.2411295.00-217-37.6549.003863404581269.0070.00
  Share Based Compensation-18.1%28.0034.0032.0037.0025.0021.0028.0025.0024.0014.0022.0022.0018.0019.0018.0015.0013.0012.0010.0015.0010.00
Cashflow From Investing43.9%-317-566-249-260-1,062-52.80-53.20-504-106-990-15.33-579-16.41-254-33.35-20.90-20.71-68.30-297-28.04-596
Cashflow From Financing368.3%354-1322374251,044-4221277072701,11879.00513-114-10124654.00-257-87.93-54.60396496
  Buy Backs-51.2%74.0015149.003.0010113369.0081.00-------------
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WEX Income Statement

2024-03-31
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues  
Total revenues$ 652.7$ 612.0
Cost of services  
Processing costs169.1145.6
Service fees21.018.3
Provision for credit losses22.445.4
Operating interest23.512.8
Depreciation and amortization31.225.2
Total cost of services267.2247.3
General and administrative88.588.9
Sales and marketing85.379.9
Depreciation and amortization47.241.6
Operating income164.5154.3
Financing interest expense, net of financial instruments(60.3)(52.9)
Change in fair value of contingent consideration(1.7)(1.8)
Net foreign currency loss(12.5)(1.4)
Income before income taxes90.098.2
Income tax expense24.230.2
Net income$ 65.8$ 68.0
Net income per share:  
Basic (in dollars per share)$ 1.57$ 1.58
Diluted (in dollars per share)$ 1.55$ 1.56
Weighted average common shares outstanding:  
Basic (in shares)41.843.1
Diluted (in shares)42.443.6
Payment processing revenue  
Revenues  
Total revenues$ 302.0$ 288.1
Account servicing revenue  
Revenues  
Total revenues173.3160.7
Finance fee revenue  
Revenues  
Total revenues70.380.7
Other revenue  
Revenues  
Total revenues$ 107.1$ 82.5

WEX Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets  
Cash and cash equivalents$ 779.6$ 975.8
Restricted cash1,302.11,254.2
Accounts receivable, net3,857.23,428.5
Investment securities3,304.93,022.1
Securitized accounts receivable, restricted143.3129.4
Prepaid expenses and other current assets147.4125.3
Total current assets9,534.58,935.3
Property, equipment and capitalized software (net of accumulated depreciation of $570.0 in 2024 and $544.2 in 2023)249.5242.9
Goodwill3,003.83,015.7
Other intangible assets (net of accumulated amortization of $1,406.0 in 2024 and $1,359.1 in 2023)1,406.31,458.7
Investment securities66.166.8
Deferred income taxes, net14.813.7
Other assets146.8149.0
Total assets14,421.813,882.1
Liabilities and Stockholders’ Equity  
Accounts payable1,824.01,479.1
Accrued expenses and other current liabilities671.2802.7
Restricted cash payable1,301.41,253.5
Short-term deposits4,075.93,942.8
Short-term debt, net1,113.01,041.1
Total current liabilities8,985.58,519.2
Long-term debt, net3,081.52,827.5
Long-term deposits129.7129.8
Deferred income taxes, net132.8129.5
Other liabilities314.6455.5
Total liabilities12,644.112,061.5
Stockholders’ Equity  
Common stock $0.01 par value; 175.0 shares authorized; 50.3 shares issued in 2024 and 49.9 in 2023; 41.9 shares outstanding in 2024 and 20230.50.5
Additional paid-in capital1,065.21,053.0
Retained earnings1,822.91,757.1
Accumulated other comprehensive loss(276.5)(229.2)
Treasury stock at cost; 8.4 and 8.0 shares in 2024 and 2023, respectively(834.4)(760.8)
Total WEX Inc. stockholders’ equity1,777.71,820.6
Total liabilities and stockholders’ equity$ 14,421.8$ 13,882.1
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
 WEBSITEwexinc.com
 INDUSTRYSoftware - Infra
 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 Wed Jun 12 2024, market cap of WEX Inc is 7.43 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 for subscribers.

What is the fair value of WEX stock?

You can check WEX's fair value in chart for subscribers. 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 Wed Jun 12 2024, WEX's PE ratio (Price to Earnings) is 28.1 and Price to Sales (PS) ratio is 2.87. 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 0.059 (multiply by 100 for percentage) rate of return.