wex inc. (nyse: wex) is a leading global provider of corporate payment solutions that enable its customers to manage their businesses more efficiently, with enhanced security and greater control over their costs. from its roots in fleet card payments beginning in 1983, wex has expanded its scope to become a multi-channel provider of corporate payment solutions with millions of cardholders across several growing market sectors including travel, health care and employee benefits. our focus is on providing exceptional payment security and control for a vast spectrum of payment sectors while delivering an exceptional experience so that our customers – whether large or small – can operate efficiently, securely and profitably. the company has operations in north and south america, europe, australia, new zealand, and asia, and employs more than 2,000 associates. for more information about wex, please visit www.wexinc.com.
Company profile
Ticker
WEX
Exchange
Website
CEO
Melissa Smith
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Wright Express CORP
SEC CIK
Corporate docs
Subsidiaries
Australian Card Services Pty. Ltd. • Benefit Planning Consultants, LLC • Chard, Snyder & Associates, LLC • EFS Payments LLC • Electronic Funds Source Canada Inc. • Electronic Funds Source LLC • eNett International (Austria) GmbH • eNett International (Jersey) Limited • eNett International (Singapore) Pte Ltd • eNett International (UK) Limited ...
IRS number
10526993
WEX stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
25 Apr 24
8-K
WEX Inc. Reports First Quarter 2024 Financial Results
25 Apr 24
DEF 14A
Definitive proxy
23 Apr 24
ARS
2023 FY
Annual report to shareholders
23 Apr 24
10-K
2023 FY
Annual report
23 Feb 24
8-K
Other Events
15 Feb 24
8-K
Results of Operations and Financial Condition
8 Feb 24
8-K
Entry into a Material Definitive Agreement
25 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Dec 23
8-K
Departure of Directors or Certain Officers
11 Dec 23
Transcripts
WEX
Earnings call transcript
2024 Q1
25 Apr 24
WEX
Earnings call transcript
2023 Q4
8 Feb 24
WEX
Earnings call transcript
2023 Q3
26 Oct 23
WEX
Earnings call transcript
2023 Q2
27 Jul 23
WEX
Earnings call transcript
2023 Q1
27 Apr 23
WEX
Earnings call transcript
2022 Q4
9 Feb 23
WEX
Earnings call transcript
2022 Q3
27 Oct 22
WEX
Earnings call transcript
2022 Q2
28 Jul 22
WEX
Earnings call transcript
2022 Q1
28 Apr 22
WEX
Earnings call transcript
2021 Q4
10 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.12 bn | 2.12 bn | 2.12 bn | 2.12 bn | 2.12 bn | 2.12 bn |
Cash burn (monthly) | 700.00 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 4.83 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 2.11 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 3017.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
99.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 406 |
Opened positions | 54 |
Closed positions | 47 |
Increased positions | 109 |
Reduced positions | 175 |
13F shares | Current |
---|---|
Total value | 7.78 tn |
Total shares | 41.47 mm |
Total puts | 38.00 k |
Total calls | 438.40 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 4.13 mm | $777.02 bn |
JHG Janus Henderson | 4.07 mm | $765.76 bn |
BLK Blackrock | 3.85 mm | $723.65 bn |
Wellington Management | 2.94 mm | $553.49 bn |
Impactive Capital | 2.11 mm | $396.11 bn |
MS Morgan Stanley | 1.86 mm | $350.19 bn |
Par Capital Management | 1.85 mm | $348.89 bn |
JPM JPMorgan Chase & Co. | 1.32 mm | $249.15 bn |
STT State Street | 1.18 mm | $222.67 bn |
Loring Wolcott & Coolidge Fiduciary Advisors | 843.50 k | $145.17 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Apr 24 | Groch James R | Common Stock | Grant | Acquire A | No | No | 0 | 89 | 0.00 | 11,515 |
4 Apr 24 | Callahan Don | Common Stock | Grant | Acquire A | No | No | 0 | 110 | 0.00 | 7,123 |
19 Mar 24 | Jagtar Narula | Common Stock | Sell | Dispose S | No | Yes | 233.24 | 309 | 72.07 k | 5,528 |
15 Mar 24 | Sachin Dhawan | Market Share Units Common Stock | Grant | Acquire A | No | No | 0 | 2,261 | 0.00 | 2,261 |
15 Mar 24 | Sachin Dhawan | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,261 | 0.00 | 2,261 |
15 Mar 24 | Jagtar Narula | Common Stock | Payment of exercise | Dispose F | No | No | 233.95 | 2,755 | 644.53 k | 5,837 |
15 Mar 24 | Jagtar Narula | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,210 | 0.00 | 8,592 |
15 Mar 24 | Jagtar Narula | Common Stock | Payment of exercise | Dispose F | No | No | 233.95 | 259 | 60.59 k | 2,382 |
15 Mar 24 | Jagtar Narula | Common Stock | Option exercise | Acquire M | No | No | 0 | 882 | 0.00 | 2,641 |
15 Mar 24 | Jagtar Narula | Market Share Units Common Stock | Grant | Acquire A | No | No | 0 | 2,584 | 0.00 | 2,584 |
News
WEX Q1 2024 Adj EPS $3.46 Misses $3.48 Estimate, Sales $652.700M Miss $654.705M Estimate
25 Apr 24
WEX Reaches New Long-Term Agreement With Booking.com, Effective April 2024
25 Apr 24
Peering Into WEX's Recent Short Interest
18 Apr 24
Citigroup Maintains Buy on WEX, Raises Price Target to $280
17 Apr 24
Barclays Maintains Overweight on WEX, Raises Price Target to $280
16 Apr 24
Press releases
WEX Inc. Reports First Quarter 2024 Financial Results
25 Apr 24
WEX Signs Agreement with Leading Online Travel Platform Booking.com
25 Apr 24
WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products
16 Apr 24
WEX INC. FILES FEDERAL LAWSUIT AGAINST HP TO PROTECT TRADEMARK AND BRAND
11 Apr 24
WEX Inc. to Release First Quarter 2024 Financial Results on April 25, 2024
10 Apr 24