WEX Inc. is a leading global provider of corporate payment solutions that enable its customers to manage their businesses more efficiently, with enhanced security and greater control over their costs. From its roots in fleet card payments beginning in 1983, WEX has expanded its scope to become a multi-channel provider of corporate payment solutions with millions of cardholders across several growing market sectors including travel, health care and employee benefits. Our focus is on providing exceptional payment security and control for a vast spectrum of payment sectors while delivering an exceptional experience so that our customers – whether large or small – can operate efficiently, securely and profitably. The Company has operations in North and South America, Europe, Australia, New Zealand, and Asia, and employs more than 2,000 associates.

Type
Public
HQ
South Portland, US
Founded
1983
Size (employees)
2,600 (est)+15%
Website
wexinc.com
WEX was founded in 1983 and is headquartered in South Portland, US

WEX Office Locations

WEX has offices in South Portland, London, Auckland and Kew
South Portland, US (HQ)
97 Darling Ave
Kew, AU
Vic Roads
Auckland, NZ
2 160 Grafton Rd
London, GB
66 Hammersmith Rd
South Portland, US
50 Foden Rd

WEX Data and Metrics

WEX Financial Metrics

WEX's revenue was reported to be $1 b in FY, 2016 which is a 19% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

1 b

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

19%

Net income (FY, 2016)

57.5 m

EBIT (FY, 2016)

195.1 m

Market capitalization (09-May-2017)

4.2 b

Closing share price (09-May-2017)

99.5

Cash (31-Dec-2016)

190.9 m
WEX's current market capitalization is $4.2 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

717.5 m817.6 m854.6 m1 b

Revenue growth, %

14%5%19%

Gross profit

614 m697.8 m715.8 m

Gross profit Margin, %

86%85%84%

Operating expense total

440.7 m511.4 m625.8 m823.3 m

EBIT

276.7 m306.2 m228.8 m195.1 m

EBIT margin, %

39%37%27%19%

Pre tax profit

184.9 m87.1 m

Income tax expense

75.3 m29.6 m

Net Income

148.3 m200 m109.6 m57.5 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

361.5 m284.8 m280 m190.9 m

Accounts Receivable

1.7 b1.9 b1.5 b2.1 b

Inventories

Goodwill

818.4 m1.1 b1.1 b1.8 b

Total Assets

3.4 b4.1 b3.9 b6 b

Accounts Payable

512.9 m426 m378.8 m617.1 m

Additional Paid-in Capital

168.9 m179.1 m175 m547.6 m

Retained Earnings

879.5 m1.1 b1.2 b1.2 b

Total Equity

1.1 b1.5 b

Financial Leverage

3.5 x4 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

148.3 m200 m109.6 m57.5 m

Depreciation and Amortization

83.1 m141.7 m

Accounts Receivable

(190 m)55.9 m200 m(440 m)

Inventories

Accounts Payable

(6.4 m)(29.2 m)(33.2 m)75.8 m

Cash From Operating Activities

39.6 m296.4 m445.1 m(151.1 m)

Cash From Investing Activities

(51.3 m)(904 m)(126.7 m)(1.2 b)

Cash From Financing Activities

179.2 m526.7 m(319.5 m)1.2 b

Interest Paid

116.3 m

Income Taxes Paid

7.6 m(21.8 m)10.7 m23.9 m
Y, 2016

Financial Leverage

4 x

WEX Market Value History

WEX Median Salaries

Source: 14 public H-1B filings from WEX

WEX Online and Social Media Presence

WEX News and Updates

WEX Company Life and Culture

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