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WEX · NYSE · Software - Infrastructure

WEX

Connects fleet payments, benefits administration, and corporate payment workflows.

$197.32

After-hours close−0.05 (−0.03%)

At close$197.37(−0.53%)

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Profile

WEX Inc.WEXInformation Technology

Offers fleet and mobility payments, employee-benefits administration, and B2B corporate-payment workflows. Its Mobility, Benefits, and Corporate Payments segments reflect an expansion from fleet cards into broader business operations.

Connects fleet and mobility payments, employee-benefits administration, and B2B corporate payments through a global commerce platform. The company organizes these operations into Mobility, Benefits, and Corporate Payments, serving different business-payment needs.

Mobility retains the former Wright Express fleet-card roots. Benefits was broadened through the Evolution1, Discovery Benefits, and benefitexpress transactions, while Corporate Payments addresses B2B transaction and payment workflows.

Designed to bring payments, data, and processes into customers' existing systems, the platform links those operational needs rather than relying on a single fleet-card service. Its business structure remains organized around the three reportable segments.

Company facts

CEOMelissa D. Smith

ListedFeb 16, 2005

ExchangeNYSE

HeadquartersPortland, ME

CountryUnited States

Employees6,600

CIK0001309108

ISINUS96208T1043

Key statistics

Market cap$6.72B

EPS (ttm)$10.04

P/E (ttm)19.65

ROE28.2%

P/B5.09

P/S2.41

Dividend yield—

Beta0.53vs XLK −0.45

Year to date +33.0% · Average volume (30d) 748.2K

Analysts

Price target, next 12 months$186.50−5.5%Median of 32 analysts · vs the Aug 28 close

ConsensusHold14 of 32 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $197.32

High$220.00+11.5%

Median$186.50−5.5%

Low$160.00−18.9%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Jul 27, 2026	Cantor Fitzgerald	Target		$152	$178
Jul 24, 2026	Mizuho Securities	Target		$170	$200
Jul 21, 2026	Evercore ISI	Upgrade	Outperform
Jul 21, 2026	Morgan Stanley	Reiterate	Equal Weight	$158	$172
Jun 29, 2026	Cantor Fitzgerald	Reiterate	Neutral	$158	$152

Earnings

EPS

Estimate$5.60

ReportedDue Nov 4, 2026

Revenue

Estimate$744.4M

ReportedDue Nov 4, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Jul 22, 2026Q2 FY26	$5.08	$5.35	+5.3%	$740.7M	$753.5M	+1.7%	+10.14%
Apr 22, 2026Q1 FY26	$4.08	$4.15	+1.7%	$671.8M	$673.8M	+0.3%	−16.31%
Feb 4, 2026Q4 FY25	$3.91	$4.11	+5.1%	$660.7M	$672.9M	+1.8%	−0.25%
Oct 29, 2025Q3 FY25	$4.45	$4.59	+3.1%	$659.2M	$691.8M	+4.9%	−1.64%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$636.6M	$659.6M	$691.8M	$672.9M	$673.8M	$753.5M
Gross profit	$366.6M	$386.8M	$417.5M	$366.3M	$379.3M	$420.2M
Operating income	$157.3M	$156.8M	$183.6M	$166.6M	$158.2M	$203.2M
Net income	$71.5M	$68.1M	$80.3M	$84.3M	$77.7M	$108.5M
Diluted EPS	$1.81	$1.98	$2.30	$2.41	$2.22	$3.11
Gross margin	57.6%	58.6%	60.3%	54.4%	56.3%	55.8%
Operating margin	24.7%	23.8%	26.5%	24.8%	23.5%	27.0%

Fiscal years (4-quarter sums)FY21 $1.85B · FY22 $2.35B · FY23 $2.55B · FY24 $2.63B · FY25 $2.66B

Revenue by product · Q2 FY26

Payment Processing Revenue$344.5M · 46%

Account Servicing Revenue$177.8M · 24%

Product And Service, Other$129.4M · 17%

Finance Fee Revenue$101.9M · 14%

Revenue by geography · FY25

United States$2.34B · 88%

Non-US$325.0M · 12%

Balance sheet, Jun 30, 2026Cash & short-term investments $6.10B · Total debt $5.36B · Total assets $16.50B · Shareholders' equity $1.34B

Dividends

No dividends on record.

Ownership

Institutions 133.51%Insiders 5.96%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 34.08M · Float 29.67M · 87.1% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Jupiter Topco LLC	3.97M	11.64%	13F	Aug 14, 2026
Janus Henderson Group PLC	3.87M	11.30%	13G	Aug 14, 2025
BlackRock, Inc.	3.17M	9.29%	13F	Aug 7, 2026
Par Capital Management Inc	2.25M	6.62%	13F	Aug 14, 2026
PAR Investment Partners, L.P.	2.25M	6.60%	13G	Feb 17, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 4, 2026	Carlos Carriedo	officer: COO, Amer. Payments & Mobility	−1,075	$186.00
Jul 30, 2026	Robert Joseph Deshaies	officer: COO, Benefits	−1,000	$184.95
Jul 27, 2026	Jennifer Kimball	officer: Chief Accounting Officer	−1,183	$176.55
Jul 27, 2026	Ann Elena Drew	officer: Chief Risk and Compliance	−3,400	$176.02
Jul 6, 2026	Robert Joseph Deshaies	officer: COO, Benefits	−2,000	$148.40