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Wex(NYSE) WEX

Current Price$173.17
Market Cap$5.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2005)+810%
5 Year-15%
1 Year+5%
1 Month+32%
Wex last closing stock price
MetricPriceDate
Last closeUSD 171.472026-07-23
Wex stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+4.4%USD 164.242026-07-16
1 month+31.63%USD 130.272026-06-23
3 month+13.97%USD 150.452026-04-24
Year to date+15.1%USD 148.982025-12-31
1 year+4.94%USD 163.402025-07-23
3 year-12.26%USD 195.422023-07-24
5 year-14.64%USD 200.872021-07-23
Since inception+810.41%USD 17.102005-02-16

Wex Financials at a Glance

Market Cap

$5.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.79B

Net Income (TTM)

$350.80M

EPS (TTM)

$10.04

P/E Ratio

17.07

Dividend

$0.00

Beta (Volatility)

1.14 (Average)

Price

$173.17

Volume

70,227

Open

$160.01

Previous Close

$173.17

Daily Range

$157.00 - $174.02

52-Week Range

$125.29 - $186.86

Estimated Earnings Date

Nov 4, 2026

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About Wex

WEX helps companies pay for fuel and work expenses. It also manages software for employee health benefits. Businesses use its virtual cards to pay travel bills.

Helping Businesses Handle Their Bills

  • Mobility: Payment processing and data tools for vehicle fleets; accounted for $344.6 million of revenue in the first quarter of 2026.
  • Benefits: Software-as-a-Service (SaaS) platforms for healthcare and employee benefits; accounts for $216.2 million of revenue in the first quarter of 2026.
  • Corporate Payments: Virtual card products and automated systems for business-to-business payments; accounted for $113 million of revenue in the first quarter of 2026.

New Deals and Big Partners

  • Completed the purchase of the bp co-branded commercial fleet card program during the first quarter of 2026.
  • Reclassified a $58.6 million payment for the bp program as a customer relationship intangible asset.
  • Integrated healthcare payment products and software through assets acquired from Bell Bank in 2021.

What Makes WEX Special?

The company operates WEX Bank, a specialized industrial bank that allows the business to issue its own deposits to fund working capital. It also serves as an official custodian for $5.2 billion in health savings account assets as of March 2026.

Tracking the Financial Path

  • Total revenue rose to $673.8 million in the first quarter of 2026, up 5.8% from the previous year.
  • Net income reached $77.7 million for the first quarter of 2026, an 8.7% increase year-over-year.
  • Free cash flow was negative $368.3 million in the first quarter of 2026, an improvement of 30.3% from the same period in 2025.
  • Operating cash flow narrowed to negative $330.8 million in the first quarter of 2026, improving 31.3% over the prior year.

The Big Picture

WEX has transformed from a fuel card provider into a broad financial technology platform serving fleets, healthcare, and corporate payments. Its shift toward software-based services and proprietary banking capabilities supports its expansion into global business markets.

AI Generated • May 21, 2026

Industry

Diversified Financial Services

Employees

6,600

CEO

Melissa D. Smith, CPA

Headquarters

Portland, ME 04101, US

WEX Financials

Key Financial Metrics (TTM)

Gross Margin

41.66%

Operating Margin

25.49%

Net Income Margin

12.56%

Return on Equity

28.22%

Return on Capital

11.10%

Return on Assets

2.13%

Earnings Yield

5.86%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$5.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

34.67M

Volume

70.23K

Avg. Volume

619.43K

Financials (TTM)

Gross Profit

$1.58B

Operating Income

$711.60M

EBITDA

$956.80M

Operating Cash Flow

$262.90M

Capital Expenditure

-$154.40M

Free Cash Flow

$108.50M

Cash & ST Invst.

$6.10B

Total Debt

$5.36B

Wex Performance Analysis

Wex annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 2,350,511,00027.0%
20232023-12-31USD 2,548,000,0008.4%
20242024-12-31USD 2,628,200,0003.1%
20252025-12-31USD 2,660,700,0001.2%
Wex sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-304.9%
Q42025-12-31-2.7%
Q12026-03-310.1%
Q22026-06-3011.8%
Wex annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 4.50150033.3%
20232023-12-31USD 6.1636.7%
20242024-12-31USD 7.5021.8%
20252025-12-31USD 8.4713.0%
Wex sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3016.2%
Q42025-12-314.8%
Q12026-03-31-7.9%
Q22026-06-3040.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$753.50M

+14.2%

Gross Profit

$420.20M

+8.6%

Gross Margin

0.00%

N/A

Market Cap

$5.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$900.69K

N/A

Employees

6,600

N/A

Net Income

$108.50M

+59.3%

EBITDA

$242.60M

+0.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$6.10B

+24.1%

Total Debt

$5.36B

-1.6%

Accounts Receivable

$4.76B

+21.3%

Inventory

$0.00

N/A

Long Term Debt

$3.52B

-9.9%

Short Term Debt

$1.83B

+19.7%

Return on Assets

2.13%

N/A

Return on Invested Capital

13.69%

N/A

Free Cash Flow

-$121.10M

-152.7%

Operating Cash Flow

-$77.60M

-129.3%

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Questions About WEX

What is the current price of Wex?

Wex is trading at $173.17 per share.

What is the 52-week range for Wex?

Over the past 52 weeks, Wex has traded between $125.29 and $186.86.

How much debt does Wex have?

As of the most recent reporting period, Wex reported total debt of $5.36B.

How much cash does Wex have on hand?

Wex reported $1.77B in cash and cash equivalents in its most recent financial results.

What is Wex’s dividend yield?

Wex does not currently have a dividend yield.

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