Craft

WEX

Stock Price

$173.2

2024-10-29

Market Capitalization

$6.9 B

2024-10-29

Revenue

$2.5 B

FY, 2023

WEX Summary

Company Summary

Overview
WEX (formerly known as Wright Express) is a provider of financial technology solutions. It operates through three segments: Mobility, Benefits, and Corporate Payments. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services. The Benefits segment provides SaaS software with embedded payment solutions and plan administration services for consumer-directed health benefits, COBRA accounts, and benefits enrollment and administration. The Corporate Payments segment focuses on global B2B payments.
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

    Melissa Smith, Chair, CEO and President

  • Carlos Carriedo

    Carlos Carriedo, Chief Operating Officer, Americas Payments & Mobility

  • Jay Dearborn

    Jay Dearborn, Chief Operating Officer, International

  • Robert Deshaies

    Robert Deshaies, Chief Operating Officer, Benefits

Operating MetricsView all

Average Number of US SaaS Accounts

20.3M
13.7%

Q1, 2023

Net Payment Processing Rate

1.2%
14.2%

Q1, 2023

Net Late Fee Rate

0.5%
13.6%

Q1, 2023

LocationsView all

23 locations detected

  • Portland, ME HQ

    United States

    1 Hancock Street

  • Edina, MN

    United States

    5050 Lincoln Drive Suite 100

  • Mason, OH

    United States

    6867 Cintas Blvd

  • Nashville, TN

    United States

    3100 West End Avenue Suite 1150

  • Omaha, NE

    United States

    11128 John Galt Blvd Suite 125

  • Sandy, UT

    United States

    111 East Sego Lily Drive

and 17 others

WEX Financials

Summary Financials

Revenue (Q3, 2024)
$665.5M
Gross profit (Q3, 2024)
$416.3M
Net income (Q3, 2024)
$102.9M
Cash (Q3, 2024)
$535.4M
EBIT (Q3, 2024)
$196.4M
Enterprise value
$10.9B

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