WageWorks (NYSE: WAGE) is a leader in administering Consumer-Directed Benefits (CDBs), which empower employees to save money on taxes while also providing corporate tax advantages for employers. WageWorks 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. WageWorks makes it easier to understand and take advantage of Consumer-Directed Benefits for approximately 45,000 employers and over 4 million people.

Company Growth (employees)
Type
Public
HQ
San Mateo, US
Size (employees)
1,951 (est)+47%
WageWorks is headquartered in San Mateo, US

Key People at WageWorks

Joseph L. Jackson

Joseph L. Jackson

CEO & Board Member
Colm M. Callan

Colm M. Callan

CFO
Edgar Montes

Edgar Montes

COO
Britta Meyer

Britta Meyer

Chief Marketing Officer
Jody Dietel

Jody Dietel

Chief Compliance Officer
Kimberly L. Jackson

Kimberly L. Jackson

Senior Vice President, General Counsel & Corporate Secretary

WageWorks Office Locations

WageWorks has offices in San Mateo, Mequon, Tempe, Irving and in 10 other locations
San Mateo, US (HQ)
1100 Park Place, 4th Floor

WageWorks Data and Metrics

WageWorks Financial Metrics

WageWorks's revenue was reported to be $364.7 m in FY, 2016 which is a 9% increase from the previous period.
$, USD

Revenue (FY, 2016)

364.7 m

Revenue growth (FY, 2015 - FY, 2016), %

9%

Gross profit (FY, 2016)

234.5 m

Gross profit margin (FY, 2016), %

64%

Net income (FY, 2016)

20.2 m

EBIT (FY, 2016)

32.7 m

Market capitalization (23-Jun-2017)

2.5 b

Closing share price (23-Jun-2017)

68.2

Cash (31-Dec-2016)

678.3 m
WageWorks's current market capitalization is $2.5 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 m

R&D expense

21.5 m27.7 m

General and administrative expense

37.6 m42.9 m

Operating expense total

187.3 m236.8 m294.4 m332 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
$, 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

Current Liabilities

336.4 m431.8 m465 m677.3 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

Financial Leverage

2.6 x2.8 x2.6 x3.3 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 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
Y, 2016

Financial Leverage

3.3 x

WageWorks Market Value History

WageWorks Job Categories

WageWorks Online and Social Media Presence

WageWorks News and Updates

WageWorks Company Life and Culture

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