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Wex Inc   (WEX)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $232.2000 $-1.75 -0.748%
Day's High: $235.57 Week Perf: 0.75 %
Day's Low: $ 231.33 30 Day Perf: 7.61 %
Volume (M): 408 52 Wk High: $ 235.58
Volume (M$): $ 94,622 52 Wk Avg: $189.30
Open: $231.33 52 Wk Low: $161.95



 Market Capitalization (Millions $) 10,049
 Shares Outstanding (Millions) 43
 Employees -
 Revenues (TTM) (Millions $) 2,548
 Net Income (TTM) (Millions $) 267
 Cash Flow (TTM) (Millions $) 370
 Capital Exp. (TTM) (Millions $) 148

Wex Inc
Wex Inc. is a leading global provider of payment processing and business solutions for fleet, travel, and healthcare industries. Founded in 1983 as Wright Express Corporation, the company has its headquarters in Portland, Maine, USA, and operates in several countries worldwide, including Australia, Brazil, Canada, Italy, New Zealand, Singapore, the UK, and the US.

Wex Inc. primarily serves small to medium-sized businesses with its range of extensive platforms, services, and solutions that enable them to streamline their payment processes, manage expenses, and gain better control over their operations. The company's payment solutions include virtual payment cards, payroll cards, fleet cards, corporate payment cards, and travel and expense management products. In addition, Wex's solutions also include analytics and risk management tools that help businesses manage spend patterns and mitigate risks.

The Fleet Solutions segment of Wex's business caters to the needs of commercial fleets, fuel retailers, and oil companies. It offers various services that help fleet managers track and control fuel and maintenance expenses, manage driver and vehicle safety, and optimize fuel purchases. Wex's Travel Solutions business provides payment processing services to the travel industry, including hotels, rental cars, and airlines, enabling them to manage payments and expenses more efficiently. Its Healthcare segment provides payment solutions to healthcare providers and insurance companies, including fleet management, and payment processing for patients.

The company's success can be attributed to its focus on innovation and customer service. Wex has invested heavily in technology, including mobile payment solutions, to keep pace with changing consumer demands. Moreover, it has developed a robust customer service network that provides support to customers around the clock.

Wex Inc. is also recognized for its commitment to corporate social responsibility and sustainability. The company has implemented various initiatives that promote environmental sustainability and social responsibility, including reducing its carbon footprint and supporting charitable organizations.

In conclusion, Wex Inc. is a leading provider of payment processing and business solutions, serving diverse industries, including fleet, travel, and healthcare. The company's focus on innovation, customer service, and sustainability has helped it establish itself as a trusted and respected player in the payment processing industry.


   Company Address: 1 Hancock St., Portland, 4101 ME
   Company Phone Number: 773-8171   Stock Exchange / Ticker: NYSE WEX
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MQ   -1.98%    
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Wex Inc

Wex Inc Shows Strong Revenue Growth but Slight Profitability Decline in Q4 2023

Wex Inc recently announced its financial results for the fiscal period ending December 31, 2023. The company reported earnings per share (EPS) of $2.01 and revenue of $651.40 million for this period. While the revenue increased by 7.224% compared to the previous year, the company's profitability decreased slightly from $2.03 EPS in the same timeframe a year before.
In comparison to its peers in the Professional Services sector, Wex Inc fell short as other companies reported a business improvement of 8.36% from the fourth quarter of 2022. However, the company did see a significant increase in revenue compared to the previous quarter, and the net income per share more than doubled.

Management Changes

Former Chief Information Security Officer of UnitedHealth Group, Aimee Cardwell, Joins WEX Inc. Board of Directors to Drive Growth and Innovation.

Published Mon, Dec 11 2023 11:30 AM UTC

Aimee Cardwell, Former Executive Vice President and Chief Information Security Officer of UnitedHealth Group, Joins WEX Inc. Board of Directors
WEX Inc., the global commerce platform known for simplifying business operations, announced on December 7, 2023, that Aimee Cardwell has been elected to its Board of Directors. With an impressive leadership background spanning o...

Wex Inc

Wex Inc Surges Back to Profitability with Impressive Q3 Results



Wex Inc, a leading Professional Services company, has recently announced its financial results for the July to September 30 2023 fiscal time-frame. Despite significant challenges faced by the industry, Wex Inc showcased a remarkable turnaround in profitability, with earnings per share surging to $0.42 compared to a loss of $1.00 per share the previous year.
Although earnings per share dropped by -80.91% from the previous quarter, Wex Inc still managed to achieve a 5.725% year-on-year revenue growth, reaching $651.40 million from $616.13 million. Moreover, sequential revenue advanced by an impressive 4.845% from $621.30 million. While these results reflect a positive trajectory, it is crucial for investors to assess the performance relative to other companies in the Professional Services industry.

Wex Inc

WEX Inc Profitability Soars in Q2 2023 Despite Modest Revenue Growth Below Industry Average; EPS Doubled by 189.47% Yet Revenue Increased By merely 3.855%

/>Wex Inc., a Professional Services company, posted exceptional profitability earnings during the April to June 2023 quarter. However, despite the remarkable financial performance, the company's business growth lagged behind its industry peers. This article aims to outline the facts and offer an interpretation of Wex Inc.'s financial results, while placing them in context with the company's recent stock performance.
Financial Results:
1. Earnings per Share (EPS): Wex Inc. saw a significant increase in EPS, more than doubling by 189.47% to $2.20 per share, compared to the same reporting period the previous year. This indicates improved profitability on a per-share basis.






 

Wex Inc's Segments
 
 
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  Revenue Outlook
Wex Inc does not provide revenue guidance.

Earnings Outlook
Wex Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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