WEX (WEX)
Connects fleet payments, benefits administration, and corporate payment workflows.
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Offers fleet and mobility payments, employee-benefits administration, and B2B corporate-payment workflows. Its Mobility, Benefits, and Corporate Payments segments reflect an expansion from fleet cards into broader business operations.
Connects fleet and mobility payments, employee-benefits administration, and B2B corporate payments through a global commerce platform. The company organizes these operations into Mobility, Benefits, and Corporate Payments, serving different business-payment needs.
Mobility retains the former Wright Express fleet-card roots. Benefits was broadened through the Evolution1, Discovery Benefits, and benefitexpress transactions, while Corporate Payments addresses B2B transaction and payment workflows.
Designed to bring payments, data, and processes into customers' existing systems, the platform links those operational needs rather than relying on a single fleet-card service. Its business structure remains organized around the three reportable segments.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Piper Sandler | Initiate | Rating: —Target: — | Target: $209 |
| Jul 27, 2026 | Cantor Fitzgerald | Target | Target: $152 | Target: $178 |
| Jul 24, 2026 | Mizuho Securities | Target | Target: $170 | Target: $200 |
| Jul 21, 2026 | Evercore ISI | Upgrade | Rating: — | |
| Jul 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $158 | Target: $172 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.10B · Total debt $5.36B · Total assets $16.50B · Shareholders' equity $1.34B
- Revenue
- $753.5M
- Operating income
- $203.2M
- Net income
- $108.5M
No dividends on record.
| Institutions | 117.89% | 40.18M shares | |
|---|---|---|---|
| 430 holders · as of Jun 30, 2026 | |||
| Insiders | 1.17% | 398.7K shares | |
| 24 holders · as of Sep 16, 2026 | |||
| Strategic holders | 11.36% | 3.87M shares | |
| 1 holder · as of Aug 14, 2025 | |||
| Adds to | 130.42% | ||
34.08M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 130.42%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jupiter Topco LLCInstitution | 11.64% | 3.97M | as of Jun 30, 2026 |
Janus Henderson Group PLCStrategic | 11.36% | 3.87M | filed Aug 14, 2025 |
BlackRock, Inc.Institution | 9.29% | 3.17M | as of Jun 30, 2026 |
Par Capital Management IncInstitution | 6.62% | 2.25M | as of Jun 30, 2026 |
PAR Investment Partners, L.P.Institution | 6.61% | 2.25M | filed Feb 17, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Joel Alan JR Dearborn | officer: COO, International | −843 | $200.00 |
| Sep 1, 2026 | Melissa D. Smith | director, officer: CEO and President | −28,109 | $190.09 |
| Aug 4, 2026 | Carlos Carriedo | officer: COO, Amer. Payments & Mobility | −1,075 | $186.00 |
| Jul 30, 2026 | Robert Joseph Deshaies | officer: COO, Benefits | −1,000 | $184.95 |
| Jul 27, 2026 | Jennifer Kimball | officer: Chief Accounting Officer | −1,183 | $176.55 |
- Corpay
Fleet and B2B payment overlap across commercial-card workflows
- HealthEquity
Direct HSA and consumer-directed benefits administration overlap
- American Express
Corporate-card and virtual-payment alternatives for business spend
- Global Payments
Payment-processing alternative in B2B digital-payment workflows
- Marqeta
Card-issuing and processing alternative for embedded payment programs
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WEX | $186.07 | +2.67% | $6.18B | 18.1 | 9.1 | 2.2 | +14.2% |
| Corpay | $396.81 | +0.98% | $25.68B | 23.9 | 13.5 | 5.1 | +21.5% |
| HealthEquity | $90.89 | −0.94% | $7.67B | 33.1 | 18.0 | 5.6 | +7.6% |
| American Express | $302.52 | −0.84% | $206.02B | 18.5 | 16.2 | 2.5 | +10.0% |
| Global Payments | $84.76 | −0.03% | $21.05B | — | 5.8 | 2.1 | +61.5% |
| Marqeta | $15.97 | +0.30% | $1.56B | 163.8 | 43.6 | 2.3 | +17.0% |
| Median | 28.5 | 16.2 | 2.5 | +17.0% |