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/Management 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 Financials and Metrics

WageWorks Financials

WageWorks's revenue was reported to be $364.7 m in FY, 2016
USD

Revenue (Q2, 2017)

119.9 m

Gross profit (Q2, 2017)

76.5 m

Gross profit margin (Q2, 2017), %

64%

Net income (Q2, 2017)

19.1 m

EBIT (Q2, 2017)

13.9 m

Market capitalization (13-Dec-2017)

2.5 b

Cash (30-Jun-2017)

774.8 m

EV

1.9 b
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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

82.8 m83.2 m87 m87.7 m88.9 m125 m119.9 m

Cost of goods sold

29.8 m26.4 m31.3 m28.4 m30.6 m47.2 m43.4 m

Gross profit

53 m56.8 m55.7 m59.3 m58.4 m77.8 m76.5 m

Gross profit Margin, %

64%68%64%68%66%62%64%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

309.1 m353.3 m370.9 m386.4 m451.8 m496.4 m478 m562.4 m569 m666.6 m609.4 m774.8 m

Accounts Receivable

30.7 m51.3 m38.9 m44.5 m62.6 m57 m62.1 m89.6 m94 m85.1 m135.5 m119.1 m

Current Assets

349.8 m416.8 m423.1 m449.9 m543.1 m580.5 m561.6 m666.9 m681.5 m773.4 m761.9 m928.5 m

PP&E

26.5 m26.9 m27.7 m33.8 m41.5 m42.3 m49.5 m47.3 m48.4 m55.5 m57.3 m63.4 m
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

16.4 m6.4 m11 m15.1 m5.6 m9.2 m16.8 m5.8 m8.6 m14.5 m11.1 m

Depreciation and Amortization

2.6 m777 k1.6 m2.9 m1.6 m3.2 m4.8 m1.8 m3.8 m6.2 m

Accounts Receivable

(7.2 m)(18.5 m)(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

4.3 m(8.7 m)(7.3 m)480 k(5.8 m)8.6 m7 m(205 k)(1.8 m)81 k95.6 m
Y, 2017

EV/EBIT

139.5 x

Financial Leverage

2.5 x
Show all financial metrics

WageWorks Operating Metrics

WageWorks's Enterprise Customers was reported to be 100 k in FY, 2016, which is a 72% increase from the previous period
FY, 2014FY, 2015FY, 2016

Hired Individuals (HR services)

4 m4.5 m6.5 m

Enterprise Customers

45 k58 k100 k
Show all operating metrics

WageWorks Market Value History

WageWorks Revenue Breakdown

WageWorks's Web-traffic and Trends

WageWorks Online and Social Media Presence

WageWorks Company Life and Culture

You may also be interested in