WageWorks provides consumer-directed benefits for pre-tax commuter and health accounts, which empower employees to save money on taxes while also providing corporate tax advantages for employers. The Company is solely dedicated to administering CDBs, including pre-tax spending accounts, such as health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA and other employee benefits.

Company Growth (employees)
Type
Public
HQ
San Mateo, US
Founded
2000
Size (employees)
1,951 (est)
WageWorks was founded in 2000 and is headquartered in San Mateo, US

Key People at WageWorks

Joseph Jackson

Joseph Jackson

CEO & Board Member
Colm Callan

Colm Callan

CFO
Edgar Montes

Edgar Montes

COO
Jody Dietel

Jody Dietel

Chief Compliance Officer
Kimberly Wilford

Kimberly Wilford

Senior Vice President, General Counsel & Corporate Secretary

WageWorks Office Locations

WageWorks has offices in San Mateo, Mequon, Tempe, Irving and in 11 other locations
San Mateo, US (HQ)
1100 Park Place, 4th Floor
Show all (15)

WageWorks Data and Metrics

WageWorks Financial Metrics

WageWorks's revenue was reported to be $125 m in Q1, 2017
USD

Revenue (Q1, 2017)

125 m

Gross profit (Q1, 2017)

77.8 m

Gross profit margin (Q1, 2017), %

62%

Net income (Q1, 2017)

11.1 m

EBIT (Q1, 2017)

15.6 m

Market capitalization (22-Aug-2017)

2.3 b

Cash (31-Mar-2017)

609.4 m
WageWorks's current market capitalization is $2.3 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

219.3 m267.8 m334.3 m364.7 m

Revenue growth, %

22%25%9%

Cost of goods sold

81.9 m100.2 m117.2 m130.2 m

Gross profit

137.4 m167.6 m217.1 m234.5 m

Gross profit Margin, %

63%63%65%64%

Sales and marketing expense

34.7 m44.9 m57.5 m

R&D expense

21.5 m27.7 m45.3 m

General and administrative expense

37.6 m42.9 m63.7 m

Operating expense total

93.8 m115.6 m166.5 m

EBIT

32 m31 m39.9 m32.7 m

EBIT margin, %

15%12%12%9%

Interest expense

1.3 m1.6 m1.9 m2.2 m

Interest income

17 k5 k153 k406 k

Pre tax profit

30.9 m30.2 m38 m32.2 m

Income tax expense

9.2 m11.9 m(15 m)(12 m)

Net Income

21.7 m18.2 m23 m20.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

82.8 m83.2 m87 m87.7 m88.9 m125 m

Cost of goods sold

29.8 m26.4 m31.3 m28.4 m30.6 m47.2 m

Gross profit

53 m56.8 m55.7 m59.3 m58.4 m77.8 m

Gross profit Margin, %

64%68%64%68%66%62%

Sales and marketing expense

12.5 m12.8 m13.9 m14.4 m14 m16.1 m

R&D expense

11.8 m11.6 m9.8 m11.2 m11.7 m15.3 m

General and administrative expense

13.1 m12.9 m14.6 m17.1 m16.1 m20.6 m

Operating expense total

37.4 m37.3 m38.4 m42.7 m41.8 m52 m

EBIT

6.8 m12.7 m9.9 m4.6 m9.4 m15.6 m

EBIT margin, %

8%15%11%5%11%12%

Interest expense

609 k339 k405 k409 k465 k1.4 m

Interest income

17 k66 k86 k97 k117 k67 k

Pre tax profit

6.4 m12.4 m9.6 m4.3 m9.1 m14.1 m

Income tax expense

(2.9 m)(4.8 m)(3.8 m)(1.5 m)(3.2 m)(3 m)

Net Income

11 m15.1 m5.6 m9.2 m16.8 m5.8 m8.6 m14.5 m11.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

360 m413.3 m500.9 m678.3 m

Accounts Receivable

32.9 m54.5 m72.3 m92.9 m

Inventories

10.1 m14.2 m13.3 m19.4 m

Current Assets

405.3 m493.3 m586.8 m790.9 m

PP&E

26.5 m39.1 m48 m56.9 m

Goodwill

97.6 m157.1 m157.1 m297.4 m

Total Assets

599.7 m794.7 m888.7 m1.3 b

Accounts Payable

49.4 m54.3 m60.5 m73 m

Total Debt

248.8 m

Current Liabilities

336.4 m431.8 m465 m677.3 m

Total Liabilities

935.3 m

Additional Paid-in Capital

270.5 m303.6 m343.2 m403.5 m

Retained Earnings

(42.4 m)(24.2 m)(1.2 m)19 m

Total Equity

228.1 m279.4 m337 m408.1 m

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.2 x

Financial Leverage

2.6 x2.8 x2.6 x3.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

370.9 m386.4 m451.8 m496.4 m478 m562.4 m569 m666.6 m609.4 m

Accounts Receivable

38.9 m44.5 m62.6 m57 m62.1 m89.6 m94 m85.1 m135.5 m

Current Assets

423.1 m449.9 m543.1 m580.5 m561.6 m666.9 m681.5 m773.4 m761.9 m

PP&E

27.7 m33.8 m41.5 m42.3 m49.5 m47.3 m48.4 m55.5 m57.3 m

Goodwill

97.6 m157.1 m157.1 m157.1 m157.1 m157.1 m157.1 m157.1 m297.4 m

Total Assets

616.5 m758.3 m842.8 m875.1 m859 m976.7 m992 m1.1 b1.3 b

Accounts Payable

43.2 m52.4 m49.5 m64 m62 m72.1 m71.4 m69.2 m95.6 m

Current Liabilities

327.1 m410 m464.6 m486.3 m454.1 m547.6 m541.1 m618.9 m620.8 m

Additional Paid-in Capital

287.5 m294 m313.8 m320.6 m329.1 m352.6 m368.5 m380.7 m411.7 m

Retained Earnings

(31.4 m)(27.3 m)(18.5 m)(15 m)(7.4 m)4.6 m7.4 m13.3 m30.3 m

Total Equity

256.1 m266.8 m295.3 m305.6 m321.7 m342.9 m361.6 m379.7 m427.7 m

Financial Leverage

2.4 x2.8 x2.9 x2.9 x2.7 x2.8 x2.7 x2.9 x3.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

21.7 m18.2 m23 m20.2 m

Depreciation and Amortization

3.4 m4.4 m6.7 m8.5 m

Accounts Receivable

(8.5 m)(21 m)(18 m)(22.1 m)

Inventories

(4 m)(2.7 m)961 k11.8 m

Accounts Payable

7.8 m2.7 m5.1 m3.7 m

Cash From Operating Activities

61.7 m54.4 m114.3 m265 m

Purchases of PP&E

(13.8 m)(21.2 m)(28.1 m)(28.3 m)

Cash From Investing Activities

(27.6 m)(65.5 m)(38 m)(283.4 m)

Long-term Borrowings

(15 m)(15 m)(15 m)

Cash From Financing Activities

20 m64.5 m11.3 m195.8 m

Interest Paid

1.5 m866 k2.5 m1.8 m

Income Taxes Paid

714 k836 k455 k5.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

11 m15.1 m5.6 m9.2 m16.8 m5.8 m8.6 m14.5 m11.1 m

Depreciation and Amortization

1.6 m2.9 m1.6 m3.2 m4.8 m1.8 m3.8 m6.2 m

Accounts Receivable

(5.8 m)(10.9 m)(8.2 m)(2.8 m)(7.9 m)(18.1 m)(22.7 m)(14.1 m)135.5 m

Accounts Payable

(7.3 m)480 k(5.8 m)8.6 m7 m(205 k)(1.8 m)81 k95.6 m

Cash From Operating Activities

9.7 m23 m38 m88 m89.8 m73.5 m86.6 m195.8 m

Purchases of PP&E

(7.1 m)(11.6 m)(6 m)(11.3 m)(24.2 m)(3.3 m)(10.4 m)(20.5 m)

Cash From Investing Activities

(7.1 m)(55.9 m)(6 m)(11.3 m)(33.6 m)(11 m)(24.7 m)(41.3 m)

Cash From Financing Activities

8.3 m59.4 m6.5 m6.4 m8.5 m(1 m)6.1 m11.2 m

Interest Paid

444 k866 k1.1 m1.7 m2.1 m358 k740 k1.1 m

Income Taxes Paid

82 k696 k317 k327 k822 k1.6 m3.6 m5.2 m
USDY, 2017

Revenue/Employee

64.1 k

Financial Leverage

3.1 x

WageWorks Market Value History

Traffic Overview of WageWorks

WageWorks Online and Social Media Presence

WageWorks News and Updates

Uber and WageWorks expand program that lets commuters pay for UberPool ride-shares with pretax dollars

Uber and consumer benefits platform WageWorks have revealed a U.S.-wide expansion to a program that lets ride-sharing commuters pay using pretax dollars. For the uninitiated, WageWorks administers voluntary employee benefit programs on behalf of nearly 60,000 employers in the U.S. One of these progr…

Uber taps WageWorks to let commuters pay for UberPool ride-shares using pretax dollars

Uber has revealed that its UberPool ride-sharing service can now be paid for using pretax dollars, thanks to a tie-up with consumer benefit platform WageWorks. Founded in 2000, WageWorks administers voluntary employee benefit programs on behalf of employers across health and travel sectors. One of t…

WageWorks Company Life and Culture

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