| Market Capitalization (Millions $) |
6,767 |
| Shares
Outstanding (Millions) |
35 |
| Employees |
6,600 |
| Revenues (TTM) (Millions $) |
2,792 |
| Net Income (TTM) (Millions $) |
351 |
| Cash Flow (TTM) (Millions $) |
-291 |
| Capital Exp. (TTM) (Millions $) |
213 |
Business Description
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
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2.08% 
83.42 %