WEX Inc - Company Profile
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WEX Inc (WEX) operates a business-to-business ecosystem designed to streamline business operations by addressing manual processes and administrative challenges. The company provides a range of solutions, including fleet payment solutions, transaction processing, and information management, as well as software for employee benefit plan administration. Notable brands associated with WEX include WEX-branded fleet cards, Esso-branded fleet cards, and Motorpass-branded fleet cards. WEX's products and services cater to businesses and government agencies with commercial vehicle fleets, as well as plan administrators, employers, and participants in the healthcare benefits sector. The company distributes its offerings through direct sales and partnerships with financial institutions, payroll providers, and health plans. WEX operates globally, with a presence in North America, Europe, and Asia-Pacific, targeting diverse markets across these regions. WEX is headquartered in Portland, Maine, the US.
Headquarters
United States of America
Address
1 Hancock Street, Portland, Maine, 04101
Website
www.wexinc.com
Telephone
1 207 7738171
No of Employees
6,600
Industry
Financial Services
Ticker Symbol & Exchange
WEX (NYSE)
Revenue (2024)
$2.7B
1.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-1.8%
(2024 vs 2023)
Market Cap*
$4.9B
Net Profit Margin (2024)
XYZ
-3.0%
(2024 vs 2023)
* As of and is in US$
WEX Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Fuel Cards | WEX Health Cloud | WEX |
| Fleet Cards | Fleet Payment Solutions | |
| Payment Processing Solutions | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In April, the company partnered with Extend to integrate virtual card payments directly into Concur Invoice. |
| 2026 | New Products/Services | In March, the company rolled out a specialized Health Reimbursement Arrangement to help employers control soaring costs of GLP-1 weight-loss drugs. |
| 2026 | New Products/Services | In January, the company launched the WEX Fleet card now with EV payment capabilities. |
Competitor Comparison
| Key Parameters | WEX Inc | Broadridge Financial Solutions Inc | Radius Ltd | Corpay Inc | Euronet Worldwide Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United Kingdom | United States of America | United States of America |
| City | Portland | Lake Success | Crewe | Atlanta | Leawood |
| State/Province | Maine | New York | England | Georgia | Kansas |
| No. of Employees | 6,600 | 15,000 | 2,900 | 11,800 | 10,800 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Foss | Chairman | Executive Board | 2026 | - |
| Melissa D. Smith | Chief Executive Officer; Director; President | Executive Board | 2014 | 57 |
| Jagtar Narula | Chief Financial Officer | Senior Management | 2022 | 55 |
| Sachin Dhawan | Chief Technology Officer | Senior Management | 2023 | 51 |
| Sandy Kuohn | Chief People Officer | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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