WEX Inc. WEX
- Market cap
- $6.3B
- P/E
- 17.5×
Follow WEX
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54.42 | 97.26 | 131.35 | 134.36 | 71.12 | 123.01 | 125.00 | 160.56 | 165.51 | 110.45 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 117.14 | 142.26 | 203.50 | 221.66 | 236.52 | 234.64 | 183.38 | 204.06 | 244.04 | 188.70 |
High Price
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| 2,600 | 3,300 | 3,700 | 5,000 | 5,300 | 5,600 | 4,900 | 5,500 | 6,500 | 6,600 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 1,012 | 1,249 | 1,493 | 1,724 | 1,560 | 1,851 | 2,351 | 2,548 | 2,628 | 2,661 |
Revenue
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| 54.69% | 58.81% | 63.29% | 61.72% | 56.84% | 62.05% | 60.41% | 61.80% | 60.52% | 58.64% |
Gross Margin
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| 49 | 174 | 239 | 217 | (301) | 204 | 261 | 369 | 418 | 420 |
EBT
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| 4.83% | 13.97% | 15.99% | 12.56% | (19.30%) | 11.02% | 11.08% | 14.47% | 15.90% | 15.79% |
EBT Margin
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| 20 | 159 | 170 | 155 | (280) | 136 | 168 | 267 | 310 | 304 |
Net Income
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| 142 | 204 | 200 | 237 | 262 | 273 | 264 | 276 | 321 | 331 |
Depreciation
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| 24.81 | 29.05 | 34.59 | 39.79 | 35.58 | 41.40 | 52.94 | 59.53 | 64.41 | 74.95 |
Revenue/Sh
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| 0.50 | 3.73 | 3.90 | 2.29 | (5.56) | 0.00 | 4.54 | 6.23 | 7.59 | 8.57 |
Earnings/Sh
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| (3.46) | 3.15 | 9.27 | 15.31 | 16.81 | (0.95) | 15.30 | 21.21 | 11.80 | 12.80 |
Cash Flow/Sh
|
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| (1.51) | (1.84) | (2.02) | (2.37) | (1.84) | (1.92) | (2.62) | (3.46) | (3.74) | (6.02) |
Capex/Sh
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| (4.97) | 1.31 | 7.25 | 12.94 | 14.97 | (2.88) | 12.68 | 17.75 | 8.06 | 6.78 |
Free CF/Sh
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| 36.90 | 37.93 | 41.61 | 44.71 | 43.75 | 41.14 | 37.15 | 42.54 | 36.49 | 34.77 |
Book Value/Sh
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| 41 | 43 | 43 | 43 | 44 | 45 | 44 | 43 | 41 | 36 |
Shares
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| 214.40 | 37.98 | 36.29 | 91.47 | 0.00 | 0.00 | 35.83 | 31.36 | 23.07 | 17.30 |
PE Ratio
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| 4.52 | 4.89 | 4.05 | 5.26 | 5.72 | 3.39 | 3.06 | 3.28 | 2.72 | 1.99 |
PS Ratio
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| 3.04 | 3.74 | 3.37 | 4.69 | 4.65 | 3.41 | 4.36 | 4.59 | 4.80 | 4.28 |
PB Ratio
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| 6.15 | 7.50 | 5.73 | 6.40 | 6.82 | 3.75 | 2.84 | 2.71 | 2.28 | 1.42 |
EV/Sales
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| (30.66) | 166.80 | 27.31 | 19.70 | 16.21 | (53.94) | 11.85 | 9.07 | 18.22 | 15.65 |
EV/FCF
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| (141) | 135 | 400 | 663 | 737 | (43) | 679 | 908 | 481 | 454 |
Op' Cash Flow
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| (62) | (79) | (87) | (103) | (80) | (86) | (116) | (148) | (152) | (214) |
Capex
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| (203) | 56 | 313 | 560 | 656 | (129) | 563 | 760 | 329 | 241 |
FCF
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| (1,685) | 630 | 1,087 | 792 | 762 | 900 | 523 | 416 | 188 | 426 |
Working Cap'
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| 1,857 | 2,425 | 2,351 | 2,949 | 3,043 | 2,866 | 2,736 | 2,828 | 3,082 | 3,532 |
Total Debt
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| 1,642 | 1,902 | 1,796 | 1,967 | 1,713 | 661 | (519) | (2,425) | (2,116) | (2,479) |
Net Debt
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| 1,506 | 1,630 | 1,796 | 1,937 | 1,918 | 1,839 | 1,650 | 1,821 | 1,489 | 1,235 |
Sh' Equity
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| 0.48% | 2.52% | 2.50% | 1.31% | (2.96%) | 0.00% | 1.84% | 2.10% | 2.28% | 2.19% |
ROA
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| 3.15% | 4.13% | 6.62% | 6.18% | (1.58%) | 8.55% | 25.97% | 0.00% | 0.00% | 0.00% |
ROIC
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| 1.81% | 10.21% | 9.82% | 5.31% | (12.64%) | 0.01% | 11.55% | 15.37% | 18.71% | 22.33% |
ROE
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WEX Inc. peers in Software Infrastructure
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| QLYS Qualys, Inc. | $6.3B | 29.7× | Compare |
| DOX Amdocs Limited | $6.2B | 13.7× | Compare |
| PATH UiPath, Inc. | $6.6B | 18.6× | Compare |
| BLSH Bullish | $6.0B | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| CORZ Core Scientific, Inc. | $5.9B | 0.0× | Compare |
| DBX Dropbox, Inc. | $7.1B | 17.7× | Compare |
| VRNS Varonis Systems, Inc. | $5.5B | 0.0× | Compare |
| ZETA Zeta Global Holdings Corp. | $7.4B | 0.0× | Compare |
WEX Inc. (WEX) key facts
- WEX Inc. (WEX) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
- WEX Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 1.24% from fiscal 2024.
- As of September 25, 2026, WEX traded at $178.28, a market capitalization of $6.3 billion.
- Return on equity was 22.3% and debt-to-equity 2.62.
WEX Inc. (WEX) Latest News
25 Sep
WEX is highlighted as the sole 'Stock to Watch' in a StockStory roundup that also labels United Community Banks and Live Oak Bancshares as 'Two Stocks to Sell'. WEX, founded in 1983 and active in fleet payments and corporate payments, is praised for earnings resilience driven by share repurchases, with EPS growth of 20.6% and ROE of 18.2%. The stock trades at about $183.48 and implies a forward P/E of roughly 9x. The piece notes the low beta (0.62) and presents WEX as offering safe-and-steady growth with exciting potential, while prompting readers to view a full, free research report for a definitive view on whether now is a buy. EPS growth of 20.6% driven by share repurchases and ROE of 18.2% offer positive sentiment, but the piece treats WEX as a watch-list stock rather than a buy signal.
24 Sep
WEX launched cardless fueling for over-the-road fleets via the WEX CardControl app, issuing single-use fuel codes to reduce risks from lost, stolen, or shared cards. The move embeds fraud-resistant, app-based fueling into existing fleet programs, expanding secure, integrated payments and operational controls. North America’s SecureFuel rollout adds AI and telematics for real-time fraud detection and purchase controls, reinforcing WEX’s differentiation for traditional fleets and EV-oriented operations. While it strengthens the investment narrative around software and data services, the near-term focus remains on hitting guidance and managing exposure to fuel volumes. Forecasts cited project roughly $3.1B in revenue and $519.6M in earnings by 2029, with a fair value around $193.91 and about 5% upside, but risks include fuel-dependence and fintech competition. Adds a meaningful product differentiator in secure fleet payments and fraud controls, likely modestly boosting long-term positioning while near-term guidance remains the focus.
28 Aug
WEX outlined AI integration plans, pricing adjustments and expanded share buybacks at the Deutsche Bank conference. WEX's AI, pricing and buyback plans point to moderate operational and market effects.
19 Aug
WEX Inc. beat Q2 expectations and raised full-year guidance, yet the stock trades near fair value with limited further upside indicated. Q2 beat and raised guidance provide moderate positive momentum but valuation at fair value caps major trajectory shifts.
13 Aug
WEX Inc. stands out as a surging stock with exciting potential while two other stocks receive dismissal. Positive spotlight on WEX growth outlook can shift investor flows and valuation multiples.
30 Jul
WEX Inc. launched SecureFuel AI Fraud Tool, driving a 21% stock increase. SecureFuel AI Fraud Tool launch boosts WEX stock by 21 percent and strengthens its position in fleet management solutions.
29 Jul
WEX launches SecureFuel, an AI-powered fraud prevention system for commercial fleets. SecureFuel AI launch adds fraud prevention capability to WEX fleet services.
23 Jul
WEX Inc posted strong Q2 2026 revenue growth and advanced strategic AI integration during its earnings call. Revenue growth paired with AI initiatives points to major changes in operations and competitive stance.
WEX Inc. released Q2 earnings call highlights covering financial results and operational updates. Q2 earnings highlights deliver financial updates that may moderately affect near-term stock sentiment.
WEX Inc. conducted its Q2 2026 earnings call covering financial results and business updates. Earnings call details directly inform financial performance and near-term investor expectations for WEX.
22 Jul
WEX Inc. surpassed Q2 CY2026 earnings expectations. Earnings beat signals stronger financial performance and lifts investor outlook.
WEX Inc. Q2 earnings key metrics indicate company operational and financial status. Q2 earnings metrics can affect short term stock performance and investor sentiment for WEX.
WEX Inc. reported its second quarter 2026 financial results. Quarterly results typically move valuation and sentiment without guaranteeing structural change.
21 Jul
WEX Inc. is scheduled to report quarterly earnings tomorrow, with focus on expected revenue, EPS figures, and potential market reaction to the results. Routine pre-earnings preview may cause short-term stock movement but lacks transformative details.
18 Jul
WEX Inc. shares may be 8% undervalued after the company reached an agreement with Bluon. Bluon agreement signals potential 8% valuation shift that could moderately influence WEX stock trajectory and sentiment.
25 Jun
WEX Inc. benefits from fleet management solutions and buyouts despite elevated debt. Fleet solutions and acquisitions provide moderate operational support while elevated debt caps broader gains.
16 May
WEX Inc. enacted governance overhaul alongside $1 billion share buyback program potentially recasting capital allocation priorities and boosting shareholder returns. $1 billion buyback plus governance overhaul signals major capital return and oversight shifts that can materially lift stock performance and investor sentiment.
14 May
WEX Inc. announced a $1 billion share repurchase program. $1 billion share repurchase signals strong financial position and boosts investor confidence by returning capital to shareholders.
6 May
WEX Inc. faces governance shakeup and activist investor agreement, triggering valuation reassessment amid potential strategic shifts. Governance shakeup and activist agreement indicate major board and strategy changes likely to reshape operations and boost investor confidence.
4 May
WEX Inc., a card provider, has reached a settlement agreement with an activist investor, ensuring CEO Smith remains in his role. Settlement with activist investor stabilizes leadership and averts potential board upheaval, positively influencing investor sentiment and strategic direction.
WEX Inc. and activist investor Impactive Capital announced a cooperation agreement, resolving prior disagreements and outlining governance changes including board appointments and strategic reviews. Cooperation agreement with activist Impactive Capital introduces potential board changes and strategic shifts that could significantly alter WEX's governance and market performance.
30 Apr
WEX partners with Extend to enable corporate card payments directly within SAP Concur solutions, streamlining expense management for businesses. Partnership integrates WEX corporate cards into SAP Concur, expanding reach in enterprise expense management and driving adoption.
WEX Inc. faces a proxy fight from activists highlighting governance shortcomings and urging accelerated growth strategies amid underwhelming stock performance. Proxy fight challenges WEX board on governance and growth stagnation, likely triggering major strategic and leadership changes.
27 Apr
ISS joins Glass Lewis and Egan-Jones in recommending shareholders support Impactive Capital's proposals for board and leadership changes at WEX Inc. ahead of the annual meeting. Endorsements from top proxy advisors ISS, Glass Lewis, and Egan-Jones strengthen Impactive's activist campaign, likely forcing strategic or governance shifts at WEX that could significantly alter its trajectory.
24 Apr
WEX Inc. reported strong financial performance in Q1 2026 earnings call, navigating global challenges successfully. Strong Q1 2026 financial results amid global challenges boost investor confidence and signal positive trajectory shifts.
WEX Inc. (WEX) stock is sharply declining due to disappointing earnings, rising costs, and weakening demand in fleet and mobility payments. Sharp stock plunge reflects major setbacks in financial results and operational challenges poised to alter investor sentiment and trajectory.
WEX Inc. Q1 earnings beat estimates driven by higher benefits revenues. Beating Q1 earnings estimates signals stronger financial performance and boosts investor sentiment moderately.
WEX Inc. Q1 revenue grew amid fleet and corporate payments expansion, but higher processing costs squeezed margins while macroeconomic volatility pressured profitability. Margin pressures and macro volatility offset Q1 revenue gains, moderately impacting financial performance and investor sentiment.
23 Apr
WEX Inc. released the transcript of its Q1 2026 earnings call, detailing quarterly financial results, operational updates, and forward-looking guidance. Q1 earnings call transcripts disclose financial metrics, management insights, and future projections that significantly influence investor sentiment and stock trajectory.
WEX Inc. released Q1 2026 earnings call summary detailing quarterly financial results, operational highlights, and forward guidance. Quarterly earnings summaries reveal financial performance and guidance that significantly shape investor sentiment and stock trajectory.