Equities
IndustrialsIndustrial Support Services
  • Price (USD)169.47
  • Today's Change-3.38 / -1.96%
  • Shares traded293.84k
  • 1 Year change-2.55%
  • Beta1.5467
Data delayed at least 15 minutes, as of Jun 15 2024 00:00 BST.
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About the company

WEX Inc. provides a global commerce platform, which owns and operates a business-to-business (B2B) ecosystem. The Company operates through three segments: Mobility, Benefits, and Corporate Payments. Its Mobility segment provides payment processing, transaction processing, and information management services specifically designed for the needs of fleets of all sizes from small businesses to federal and state government fleets and over-the-road carriers. Its Benefits segment provides a Software as a service (SaaS) platform for consumer directed healthcare benefits and a full-service benefit enrollment solution, bringing together benefits administration, certain compliance services and consumer-directed and benefits accounts. Its Corporate Payments segment focuses on the complex payment environment of global B2B payments, enabling customers to utilize its payments solutions to integrate into their own workflows and manage their accounts payable automation and spend management functions.

  • Revenue in USD (TTM)2.59bn
  • Net income in USD264.40m
  • Incorporated1999
  • Employees7.20k
  • Location
    WEX Inc97 Darling AvenuePORTLAND 04106United StatesUSA
  • Phone+1 (207) 773-8171
  • Fax+1 (302) 636-5454
  • Websitehttps://www.wexinc.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
WEX:NYQ since
announced
Transaction
value
Payzer LLCDeal completed26 Oct 202326 Oct 2023Deal completed-6.08%261.00m
Ascensus LLC-Health & BenefitsAnnounced27 Jul 202327 Jul 2023Announced-13.90%180.00m
Data delayed at least 15 minutes, as of Jun 15 2024 00:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Nelnet Inc2.14bn135.39m3.56bn7.55k26.981.0914.071.673.633.6357.1590.030.1276--14.94282,867.200.61181.230.65161.2750.0563.114.8015.40--2.700.777512.606.584.35-77.57-16.83-9.949.94
ACI Worldwide Inc1.48bn146.07m3.77bn3.21k26.973.0314.272.551.331.3313.6211.830.469--4.30460,436.504.633.366.274.4350.5251.609.887.81--3.990.44720.002.167.54-14.5416.79-2.96--
Western Union Co4.37bn616.90m4.08bn9.00k7.1410.295.100.93391.691.6911.991.170.5365----485,466.707.589.389.6011.8738.7441.1514.1217.25--9.330.864643.76-2.65-4.86-31.25-6.47-10.004.34
SLM Corp2.62bn734.51m4.40bn1.74k6.252.375.382.263.203.208.489.59--------2.612.46--------38.7340.14------10.3027.606.0222.546.69----
PennyMac Financial Services Inc2.08bn153.59m4.66bn3.91k31.701.3022.362.242.882.8839.9470.130.1041--33.85530,462.200.76984.051.256.6667.6486.407.4026.97----0.74245.18-12.1412.55-69.5810.53-32.52--
Euronet Worldwide Inc3.76bn285.80m4.90bn10.00k19.013.9411.701.305.625.6274.2827.120.7021--12.28375,780.005.343.699.796.1539.7339.287.615.88--9.910.60880.009.807.7721.094.86-3.08--
Firstcash Holdings Inc3.23bn233.28m4.92bn19.00k21.092.3914.411.525.135.1370.9045.200.79485.9751.17169,759.305.755.526.236.0348.2150.757.237.853.034.360.430228.0115.5012.09-13.497.6511.018.37
Mr Cooper Group Inc2.03bn644.00m5.29bn6.80k8.561.207.772.619.559.5530.0968.080.1479----298,235.304.704.065.555.35----31.7628.31----0.67330.00-27.190.0447-45.83-13.46-1.12--
Rithm Capital Corp4.34bn725.46m5.39bn6.57k7.450.91497.021.241.501.508.9614.790.1173--21.63660,150.802.240.90724.141.9564.8071.9019.109.59----0.803202.12-42.5810.30-38.40-11.19---12.94
OneMain Holdings Inc5.38bn617.00m5.65bn9.10k9.201.766.421.055.125.1244.6826.810.2322--384.43591,428.602.663.942.663.9780.3480.6811.4617.59----0.858678.404.094.56-26.497.48----
Credit Acceptance Corp.1.96bn250.90m5.70bn2.23k24.163.4820.512.9219.5019.50151.57135.200.2565--177.02876,388.903.297.983.449.14----12.8332.66--2.080.77250.003.798.14-46.60-13.00-30.74--
Shift4 Payments Inc2.73bn92.00m6.10bn3.03k47.078.9218.832.241.481.4843.237.810.905570.0011.81899,405.904.35-0.35585.59-0.430926.7924.154.81-0.45661.70--0.66170.0028.6535.5414.78--30.61--
PagSeguro Digital Ltd3.07bn328.59m6.63bn8.61k11.231.4711.012.161.021.029.527.770.3225326.150.4295356,474.603.454.768.8011.5049.2648.5510.7012.871.431.760.06730.004.0029.769.9012.7150.96--
SoFi Technologies Inc2.35bn-218.81m6.83bn4.40k--1.17--2.98-0.2386-0.23862.365.82---------0.6633-----------7.77-27.57--------165.2128.325.45--54.58--
WEX Inc2.59bn264.40m7.10bn7.20k27.513.9912.862.746.166.1660.2442.430.1907--0.7102359,541.701.950.91484.091.5465.3062.5310.214.44--2.860.70230.008.4011.2932.359.6411.19--
Affirm Holdings Inc1.95bn-678.58m9.55bn2.17k--3.63--4.90-2.22-2.226.378.500.2334--9.09898,269.40-8.12---8.36-------34.80-----1.470.704--21.41---39.29------
Data as of Jun 15 2024. Currency figures normalised to WEX Inc's reporting currency: US Dollar USD

Institutional shareholders

54.80%Per cent of shares held by top holders
HolderShares% Held
Janus Henderson Investors US LLCas of 31 Mar 20244.06m9.70%
The Vanguard Group, Inc.as of 31 Mar 20244.05m9.66%
BlackRock Fund Advisorsas of 31 Mar 20243.47m8.28%
Wellington Management Co. LLPas of 31 Mar 20242.78m6.64%
Impactive Capital LPas of 31 Mar 20242.11m5.03%
PAR Capital Management, Inc.as of 31 Mar 20241.85m4.42%
Atlanta Capital Management Co. LLCas of 31 Mar 20241.59m3.80%
SSgA Funds Management, Inc.as of 31 Mar 20241.27m3.03%
Fidelity Management & Research Co. LLCas of 31 Mar 2024896.13k2.14%
Lyrical Asset Management LPas of 31 Mar 2024883.93k2.11%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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