Craft
WEX

WEX

Net Late Fee Rate

(0.4%)

Q2, 2022

Revenue

$1.9 B

FY, 2021

Market Capitalization

$7 B

2022-11-21

WEX Summary

Company summary

Overview
WEX (formerly known as Wright Express Corporation) is a provider of financial technology solutions. The company operates in three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing, transaction processing, and information management services. The Travel and Corporate Solutions segment provides embedded payments, accounts payable (AP) automation, and spend management. The Health and Employee Benefit Solutions segment offers a SaaS platform for consumer-directed healthcare benefits and a full-service benefit enrollment solution.
Type
Public
Status
Active
Founded
1983
HQ
Portland, ME, US | view all locations
Website
https://www.wexinc.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key people

  • Melissa Smith
  • Carlos Carriedo

    Carlos Carriedo, Chief Operating Officer, International

  • David Cooper

    David Cooper, Chief Technology Officer

  • Robert Deshaies

    Robert Deshaies, Chief Operating Officer, Americas

Operating MetricsView all

Average Fuel Cost Per Gallon

$5
63.8%

Q2, 2022

Payment Processing Transactions

143.2M
10.0%

Q2, 2022

Net Payment Processing Rate

1.1%
5.2%

Q2, 2022

LocationsView all

31 locations detected

  • Portland, ME HQ

    United States

    100 Fore St

  • Chantilly, VA

    United States

    14151 Newbrook Dr

  • Edina, MN

    United States

    5050 Lincoln Dr #100

  • Fargo, ND

    United States

    2000 44th St S

  • Fargo, ND

    United States

    2515 6th St E

  • Gulf Breeze, FL

    United States

    1300 Shoreline Dr

and 25 others

WEX Financials

Summary financials

Revenue (Q3, 2022)
$616.1M
Gross profit (Q3, 2022)
$364.0M
Net income (Q3, 2022)
($44.1M)
Cash (Q3, 2022)
$759.4M
EBIT (Q3, 2022)
$21.3M
Enterprise value
$9.0B

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