OverviewSuggest Edit

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 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.

TypePublic
Founded2000
HQSan Mateo, US
Websitewageworks.com
Employee Ratings3

Latest Updates

Employees (est.) (Dec 2018)1,955(+2%)
Revenue (FY, 2018)$472.2 M
Share Price (Sept 2019)$51.3
Cybersecurity ratingBMore

Key People/Management at WageWorks

Edgar Montes

Edgar Montes

President and Chief Executive Officer
Jim Lynch

Jim Lynch

Chief Sales Officer
Tom Catchings

Tom Catchings

SVP and Chief Information Officer
Jody Dietel

Jody Dietel

Chief Compliance Officer
May ONeal

May ONeal

Senior Vice President, Human Resources
Michael Wilson

Michael Wilson

Senior Vice President, Corporate Development
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WageWorks Office Locations

WageWorks has offices in San Mateo, Alpharetta, Atlanta, Centennial and in 12 other locations
San Mateo, US (HQ)
1100 Park Pl 4th Floor
Alpharetta, US
Alpharetta, GA, USA
Atlanta, US
Atlanta, GA, USA
Centennial, US
Centennial, CO, USA
East Providence, US
East Providence, RI, USA
Irving, US
4609 Regent Blvd
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WageWorks Financials and Metrics

WageWorks Revenue

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WageWorks's revenue was reported to be $472.18 m in FY, 2018
USD

Revenue (Q2, 2019)

108.6m

Gross profit (Q2, 2019)

72.0m

Gross profit margin (Q2, 2019), %

66.3%

Net income (Q2, 2019)

1.8m

EBIT (Q2, 2019)

2.4m

Market capitalization (2-Sept-2019)

2.1b

Closing stock price (2-Sept-2019)

51.3

Cash (30-Jun-2019)

807.1m

EV

1.4b
WageWorks's current market capitalization is $2.1 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

177.3m219.3m267.8m334.3m364.7m476.1m472.2m

Revenue growth, %

22%25%9%

Cost of goods sold

64.6m81.9m100.2m117.2m130.2m173.7m154.8m

Gross profit

112.6m137.4m167.6m217.1m234.5m302.4m317.4m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

10.5m21.7m18.2m23.0m20.2m54.4m26.0m

Depreciation and Amortization

3.0m3.4m4.4m6.7m42.5m49.3m55.5m

Accounts Payable

5.1m7.8m2.7m5.1m3.7m17.4m8.3m

Cash From Operating Activities

56.1m61.7m54.4m114.3m265.0m217.8m178.7m
USDQ2, 2012

Financial Leverage

3.5 x
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WageWorks Operating Metrics

WageWorks's Enterprise Customers was reported to be 100 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Enterprise Customers

45 k58 k100 k

Hired Individuals (HR services)

4 m4.50 m6.50 m
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WageWorks Acquisitions / Subsidiaries

Company NameDateDeal Size
HealthEquityJune 28, 2019$2 b

WageWorks Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

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WageWorks Revenue Breakdown

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WageWorks revenue breakdown by business segment: 55.6% from Healthcare, 19.2% from Commuter, 20.6% from COBRA and 4.5% from Other

WageWorks Online and Social Media Presence

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WageWorks News and Updates

HealthEquity Completes Acquisition of WageWorks

Announces $80-100 Million Investment in Remarkable Service Announces $80-100 Million Investment in Remarkable Service

WageWorks Stockholders Approve Acquisition by HealthEquity

SAN MATEO, Calif., Aug. 28, 2019 (GLOBE NEWSWIRE) -- WageWorks, Inc. (“WageWorks”) (NYSE: WAGE), a leader in Health Savings Accounts and other Consumer-Directed Benefits, today announced that its stockholders voted to adopt the agreement pursuant to which WageWorks would be acquired as a wholly-ow…

WageWorks board rejects unsolicited letter of interest from Mansa, urges shareholders to vote for HealthEquity bid

WageWorks Inc. said Tuesday it has received an unsolicited letter of interest from Mansa Parent Corp. that values the company at $58.58 a share. The company said its board has reviewed the letter and unanimously concluded that it "contains significant contingencies and is not reasonably expected t…

Moore Kuehn, PLLC Encourages Vical Incorporated (VICL), ASV Holdings, Inc. (ASV), PCM, Inc. (PCMI), WageWorks, Inc. (WAGE), and Acacia Communications, Inc. (ACIA) Investors to Contact Firm

NEW YORK, Aug. 8, 2019 /PRNewswire/ -- Moore Kuehn, PLLC, a securities law firm located on Wall Street in downtown New York City, is investigating potential claims involving the directors and officers regarding possible breaches of fiduciary duties and other violations of law related to...

Lifshitz & Miller LLP Announces Investigation of Caesars Entertainment Corporation, Del Frisco's Restaurant Group, Inc., Diebold Nixdorf, Inc., FedEx Corporation, Oasmia Pharmaceuticals, Shore Community Bancorp, Verb Technology Company and WageWorks, Inc.

NEW YORK, July 26, 2019 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale of CZR to Eldorado Resorts, Inc. for $12.75 per share. If you are an CZR investor, and would like...

SHAREHOLDER ALERT: WeissLaw LLP Investigates WageWorks, Inc.

NEW YORK, June 27, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of WageWorks, Inc. ("WageWorks" or the "Company") (NYSE: WAGE) in connection with the proposed acquisition of the Company by...
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WageWorks Frequently Asked Questions

  • When was WageWorks founded?

    WageWorks was founded in 2000.

  • Who are WageWorks key executives?

    WageWorks's key executives are Edgar Montes, Jim Lynch and Tom Catchings.

  • How many employees does WageWorks have?

    WageWorks has 1,955 employees.

  • What is WageWorks revenue?

    Latest WageWorks annual revenue is $472.2 m.

  • What is WageWorks revenue per employee?

    Latest WageWorks revenue per employee is $241.5 k.

  • Who are WageWorks competitors?

    Competitors of WageWorks include ThinkHR, Intuit and Ingram Financial Group.

  • Where is WageWorks headquarters?

    WageWorks headquarters is located at 1100 Park Pl 4th Floor, San Mateo.

  • Where are WageWorks offices?

    WageWorks has offices in San Mateo, Alpharetta, Atlanta, Centennial and in 12 other locations.

  • How many offices does WageWorks have?

    WageWorks has 16 offices.