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, healthcare and employee benefits. The Company's 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.

Company Growth (employees)
Type
Public
HQ
South Portland, US
Founded
1983
Size (employees)
2,600 (est)
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 $291.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

291.4 m

Net income (Q1, 2017)

29.1 m

EBIT (Q1, 2017)

60.8 m

Market capitalization (21-Sep-2017)

4.8 b

Cash (31-Mar-2017)

204 m
WEX's current market capitalization is $4.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

717.5 m817.6 m854.6 m1 b

Revenue growth, %

14%5%19%

Sales and marketing expense

5.6 m

General and administrative expense

25.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

201.6 m222.1 m202.3 m213.7 m226.1 m205.9 m233.9 m287.8 m291.4 m

General and administrative expense

3.8 m5.4 m5 m5 m5.2 m5.7 m6.1 m7.3 m6.4 m

Operating expense total

3.8 m5.4 m5 m5 m5.2 m5.7 m6.1 m7.3 m6.4 m

EBIT

80.3 m102.5 m48.2 m62.9 m67.7 m41.1 m51.6 m54.6 m60.8 m
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

Goodwill

818.4 m1.1 b1.1 b1.8 b

Total Assets

3.4 b4.1 b3.9 b6 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

319 m576.7 m511 m184.3 m533.6 m515.3 m317.8 m537.2 m204 m

Accounts Receivable

2.2 b2 b1.8 b2 b1.8 b1.6 b1.9 b2.1 b2.2 b

Goodwill

833.9 m1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.8 b1.8 b

Total Assets

3.9 b4.6 b4.3 b4.2 b4.3 b4.1 b4.3 b6.3 b6.2 b
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(436.1 m)

Accounts Payable

(6.4 m)(29.2 m)(33.2 m)75.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

42.8 m73.9 m20 m26.4 m41.8 m23.2 m11.9 m19.2 m29.1 m

Depreciation and Amortization

22.3 m23.1 m46 m49.2 m

Accounts Receivable

2.2 b2 b1.8 b2 b1.8 b1.6 b1.9 b2.1 b2.2 b

Accounts Payable

699 m658.4 m525.3 m596.5 m518.9 m451.8 m553.5 m711.1 m674.1 m
USDY, 2017

Revenue/Employee

112.1 k

Financial Leverage

4 x
Show all financial metrics

WEX Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Transactions

311.29 m81.93 m86.7 m89.58 m342.98 m89.1 m94.16 m102.95 m385.86 m102.77 m108.13 m

Vehicles Serviced

9.2 m9.4 m10.5 m

Average Number of Vehicles Serviced

8.05 m9.27 m9.8 m9.73 m9.58 m9.52 m9.64 m10.34 m10 m10.57 m10.86 m

Customers (Health and Employee Benefit Solutions)

12 m17 m
Show all operating metrics

WEX Market Value History

WEX Revenue Breakdown

WEX Median Salaries

Source: 14 public H-1B filings from WEX

Traffic Overview of WEX

WEX Online and Social Media Presence

WEX Company Life and Culture

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