WEX Inc - Company Profile

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WEX Inc (WEX) is a technology-based company that offers corporate payment solutions. The company’s fleet solutions portfolio comprises a large fleet, small businesses, government fleets, and over a road card. It provides travel solutions, which consist of virtual travel payment solutions, virtual credit cards, and virtual payment solutions. WEX also offers fleet cards and fuel management, corporate cards, healthcare solutions such as medical claims solutions, employee health accounts, hospital payment solutions, and virtual insurance payment solutions. The company serves commercial and government vehicle fleet customers with small, medium, and large fleets, over-the-road, and long-haul fleets; and indirectly through co-branded and private label relationships. It has a geographic presence in Australia, New Zealand, Canada, Norway, Singapore, and the UK. WEX is headquartered in South Portland, Maine, the US.

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Headquarters United States of America

Address 97 Darling Avenue, Portland, Maine, 04106


Telephone 1 207 7738171

No of Employees 7,200

Industry Financial Services

Ticker Symbol & Exchange WEX (NYSE)

Revenue (2022) $2.5B 8.4% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 32.3% (2022 vs 2021)

Market Cap* $7.9B

Net Profit Margin (2022) XYZ 22.1% (2022 vs 2021)

* As of and is in US$
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WEX Inc premium industry data and analytics

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on WEX Inc’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
WEX Health Cloud Fleet Payment Solutions
Fuel Cards Payment Processing Solutions
Fleet Cards Fuel Management and Fleet Cards
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Acquisitions/Mergers/Takeovers In May, the company acquired Sawatch Labs, a developer of fleet electrification analytics software.
2024 Contracts/Agreements In May, the company entered into an agreement with Shell to oversee Shell’s commercial fleet card portfolio throughout North America.
2024 New Products/Services In April, the company launched WEX EV At-Home in the US.
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Competitor Comparison

Key Parameters WEX Inc Equinix Inc Broadridge Financial Solutions Inc Corpay Inc Euronet Worldwide Inc
Headquarters United States of America United States of America United States of America United States of America United States of America
City Portland Redwood City Lake Success Atlanta Leawood
State/Province Maine California New York Georgia Kansas
No. of Employees 7,200 13,151 14,700 10,500 10,000
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Melissa D. Smith Chief Executive Officer; Chairperson; President Executive Board 2019 54
Jagtar Narula Chief Financial Officer Senior Management 2022 -
Jennifer Kimbal Chief Accounting Officer; Interim Chief Financial Officer Senior Management 2022 48
Jay Dearborn Chief Strategy Officer Senior Management 2022 -
Sachin Dhawan Chief Technology Officer Senior Management 2023 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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