(WEX) Wex - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US96208T1043

Stock: Fleet Cards, Corporate Payments, Benefits Software

Total Rating 38
Risk 67
Buy Signal 1.39

EPS (Earnings per Share)

EPS (Earnings per Share) of WEX over the last years for every Quarter: "2020-12": 1.45, "2021-03": 1.79, "2021-06": 2.31, "2021-09": 2.45, "2021-12": 2.58, "2022-03": 2.88, "2022-06": 3.71, "2022-09": 3.51, "2022-12": 3.44, "2023-03": 3.31, "2023-06": 3.63, "2023-09": 4.05, "2023-12": 3.82, "2024-03": 3.46, "2024-06": 3.9, "2024-09": 2.52, "2024-12": 3.57, "2025-03": 3.51, "2025-06": 3.95, "2025-09": 4.59, "2025-12": 4.11,

Revenue

Revenue of WEX over the last years for every Quarter: 2020-12: 398.99, 2021-03: 410.757, 2021-06: 459.483, 2021-09: 482.764, 2021-12: 497.538, 2022-03: 517.5, 2022-06: 598.2, 2022-09: 616.1, 2022-12: 618.61, 2023-03: 612, 2023-06: 621.3, 2023-09: 651.4, 2023-12: 663.3, 2024-03: 652.7, 2024-06: 673.5, 2024-09: 665.5, 2024-12: 636.5, 2025-03: 636.6, 2025-06: 659.6, 2025-09: 691.8, 2025-12: 672.9,
Risk 5d forecast
Volatility 35.0%
Relative Tail Risk -10.2%
Reward TTM
Sharpe Ratio 0.21
Alpha -36.19
Character TTM
Beta 1.489
Beta Downside 1.565
Drawdowns 3y
Max DD 53.15%
CAGR/Max DD -0.14

Description: WEX Wex January 09, 2026

WEX Inc. (NYSE: WEX) runs a diversified commerce platform that spans three primary segments: Mobility, Corporate Payments, and Benefits Solutions. The Mobility segment delivers fleet-vehicle payment processing, account-management services, and analytics to commercial fleets and government agencies, leveraging both direct sales and co-branded/private-label partnerships. Corporate Payments offers embedded payment capabilities, accounts-payable automation, and spend-management tools to customers in travel, fintech, insurance, consumer-bill-pay, and media verticals. Benefits Solutions provides a SaaS platform for consumer-directed health benefits-including HSAs, HSAs, and COBRA administration-served through third-party administrators, payroll providers, and health plans.

Based on the FY 2023 earnings release, WEX generated $2.0 billion in revenue, with the Mobility segment contributing roughly 55 % and posting a 7 % year-over-year growth rate, driven by increasing demand for electric-vehicle fleet financing and higher transaction volumes. The Corporate Payments unit grew 9 % YoY, reflecting broader corporate spend-management trends and the acceleration of digital invoicing post-COVID-19. Benefits Solutions, while smaller (≈ 15 % of total revenue), posted a 12 % increase, underscoring the continued shift toward consumer-direct health accounts as employers seek cost-containment. Key economic drivers include corporate capital-expenditure cycles, regulatory changes in healthcare benefits (e.g., HSA contribution limits), and the macro-trend toward embedded finance in non-financial industries.

For a deeper, data-driven look at how these trends translate into valuation metrics, you might explore the analytics available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 304.2m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.39 > 1.0
NWC/Revenue: 16.02% < 20% (prev 7.16%; Δ 8.86% < -1%)
CFO/TA 0.03 > 3% & CFO 454.3m > Net Income 304.2m
Net Debt (3.95b) to EBITDA (947.8m): 4.17 < 3
Current Ratio: 1.05 > 1.5 & < 3
Outstanding Shares: last quarter (35.0m) vs 12m ago -10.26% < -2%
Gross Margin: 57.77% > 18% (prev 0.61%; Δ 5716 % > 0.5%)
Asset Turnover: 19.20% > 50% (prev 19.73%; Δ -0.53% > 0%)
Interest Coverage Ratio: 2.75 > 6 (EBITDA TTM 947.8m / Interest Expense TTM 240.6m)

Altman Z'' 1.13

A: 0.03 (Total Current Assets 9.71b - Total Current Liabilities 9.29b) / Total Assets 14.40b
B: 0.16 (Retained Earnings 2.29b / Total Assets 14.40b)
C: 0.05 (EBIT TTM 661.4m / Avg Total Assets 13.86b)
D: 0.09 (Book Value of Equity 1.23b / Total Liabilities 13.16b)
Altman-Z'' Score: 1.13 = BB

Beneish M -2.96

DSRI: 1.10 (Receivables 3.36b/3.01b, Revenue 2.66b/2.63b)
GMI: 1.05 (GM 57.77% / 60.52%)
AQI: 0.90 (AQ_t 0.31 / AQ_t-1 0.34)
SGI: 1.01 (Revenue 2.66b / 2.63b)
TATA: -0.01 (NI 304.2m - CFO 454.3m) / TA 14.40b)
Beneish M-Score: -2.96 (Cap -4..+1) = A

What is the price of WEX shares?

As of February 09, 2026, the stock is trading at USD 158.95 with a total of 966,904 shares traded.
Over the past week, the price has changed by +3.80%, over one month by -0.01%, over three months by +8.37% and over the past year by +3.01%.

Is WEX a buy, sell or hold?

Wex has received a consensus analysts rating of 3.31. Therefor, it is recommend to hold WEX.
  • StrongBuy: 2
  • Buy: 1
  • Hold: 13
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the WEX price?

Issuer Target Up/Down from current
Wallstreet Target Price 170.4 7.2%
Analysts Target Price 170.4 7.2%
ValueRay Target Price 166.7 4.9%

WEX Fundamental Data Overview February 08, 2026

P/E Trailing = 18.7662
P/E Forward = 8.4246
P/S = 2.0483
P/B = 4.1257
P/EG = 1.4045
Revenue TTM = 2.66b USD
EBIT TTM = 661.4m USD
EBITDA TTM = 947.8m USD
Long Term Debt = 3.53b USD (from longTermDebt, last quarter)
Short Term Debt = 1.33b USD (from shortTermDebt, last quarter)
Debt = 4.86b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.95b USD (from netDebt column, last quarter)
Enterprise Value = 9.40b USD (5.45b + Debt 4.86b - CCE 905.8m)
Interest Coverage Ratio = 2.75 (Ebit TTM 661.4m / Interest Expense TTM 240.6m)
EV/FCF = 31.43x (Enterprise Value 9.40b / FCF TTM 299.2m)
FCF Yield = 3.18% (FCF TTM 299.2m / Enterprise Value 9.40b)
FCF Margin = 11.24% (FCF TTM 299.2m / Revenue TTM 2.66b)
Net Margin = 11.43% (Net Income TTM 304.2m / Revenue TTM 2.66b)
Gross Margin = 57.77% ((Revenue TTM 2.66b - Cost of Revenue TTM 1.12b) / Revenue TTM)
Gross Margin QoQ = 54.44% (prev 60.35%)
Tobins Q-Ratio = 0.65 (Enterprise Value 9.40b / Total Assets 14.40b)
Interest Expense / Debt = 1.21% (Interest Expense 58.8m / Debt 4.86b)
Taxrate = 23.45% (25.8m / 110.0m)
NOPAT = 506.3m (EBIT 661.4m * (1 - 23.45%))
Current Ratio = 1.05 (Total Current Assets 9.71b / Total Current Liabilities 9.29b)
Debt / Equity = 3.94 (Debt 4.86b / totalStockholderEquity, last quarter 1.23b)
Debt / EBITDA = 4.17 (Net Debt 3.95b / EBITDA 947.8m)
Debt / FCF = 13.21 (Net Debt 3.95b / FCF TTM 299.2m)
Total Stockholder Equity = 1.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.19% (Net Income 304.2m / Total Assets 14.40b)
RoE = 29.38% (Net Income TTM 304.2m / Total Stockholder Equity 1.04b)
RoCE = 14.48% (EBIT 661.4m / Capital Employed (Equity 1.04b + L.T.Debt 3.53b))
RoIC = 8.01% (NOPAT 506.3m / Invested Capital 6.32b)
WACC = 6.46% (E(5.45b)/V(10.31b) * Re(11.40%) + D(4.86b)/V(10.31b) * Rd(1.21%) * (1-Tc(0.23)))
Discount Rate = 11.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -8.60%
[DCF Debug] Terminal Value 83.69% ; FCFF base≈311.1m ; Y1≈302.3m ; Y5≈302.3m
Fair Price DCF = 107.1 (EV 7.63b - Net Debt 3.95b = Equity 3.67b / Shares 34.3m; r=6.46% [WACC]; 5y FCF grow -3.93% → 2.90% )
EPS Correlation: 35.89 | EPS CAGR: 9.95% | SUE: 1.64 | # QB: 3
Revenue Correlation: 77.04 | Revenue CAGR: 7.25% | SUE: 1.03 | # QB: 2
EPS next Quarter (2026-03-31): EPS=3.93 | Chg30d=-0.051 | Revisions Net=+0 | Analysts=12
EPS current Year (2026-12-31): EPS=17.58 | Chg30d=-0.073 | Revisions Net=+1 | Growth EPS=+9.2% | Growth Revenue=+2.7%
EPS next Year (2027-12-31): EPS=19.56 | Chg30d=-0.179 | Revisions Net=-1 | Growth EPS=+11.3% | Growth Revenue=+5.5%

Additional Sources for WEX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle