What is WEX's market cap?

WEX (WEX) has a market capitalization of $5.2B and trades on NYSE.

What is WEX's revenue and profitability?

WEX generated $2.7B in trailing twelve-month revenue with net income of $310.4M, representing a net margin of 11.5%. Gross margin stands at 58.8%, with free cash flow of $459.6M. These figures are based on the Q1 2026 filing.

Who are WEX's competitors?

WEX's key competitors include HealthEquity, U.S. Bancorp, Corpay, Inc., and others. These companies compete in similar markets and product categories.

Who does WEX partner with?

WEX's notable partners include Visa, Mastercard, Booking Holdings.

What subsidiaries does WEX have?

WEX's subsidiaries include WEX Bank.

Where is WEX headquartered?

WEX is headquartered in United States of America and employs approximately 7,200 people. It has been publicly traded since 2005.

WEX

WEX is a global commerce platform that provides embedded, personalized payment solutions designed to simplify complex financial and administrative workflows.

Market cap

$5.16B-0.5%

Revenue$2.7B+3.3%

Net income$310.4M-1.6%

Free cash flow$459.6M+6,283%

EPS (diluted)$8.90+14.5%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 22, 2026

Revenue$673.8MBeat by $2.0M EPS$4.15Beat by $0.07

Read the full report

Next report

Jul 22, 2026 (In 1 week)

Revenue estimate$738.1M

EPS estimate$5.06

Financials

Q1 2026

Income statement

See full

Revenue$673.8M+5.8%

Gross profit$393.7M+7.4%

Operating income$158.2M+0.6%

Net income$77.7M+8.7%

EPS (diluted)$2.22+22.7%

Balance sheet

See full

Cash & equivalents$1.2B-2.9%

Total debt$5.2B-6.2%

Total equity$1.3B+57.3%

Total assets$15.4B+10.5%

Cash flow

See full

Operating cash flow-$330.8M+31.3%

CapEx$37.5M+15.0%

Free cash flow-$368.3M+28.4%

Valuation & ratios

Valuation

See full

Market cap$5.16B-0.5%

Enterprise value$9.15B+0.7%

P/E16.6×-0.3×

P/S1.9×-0.1×

Profitability

See full

Gross margin58.8%-1.3pp

Operating margin24.6%-1.4pp

Net margin11.5%-0.6pp

FCF margin17%+16.8pp

Returns & leverage

See full

Return on equity29.8%+5.4pp

Debt / equity4.1×-2.8×

Current ratio1×0.0×

Segments

By segment

See full

Mobility$344.6M+3.2%

Benefits$216.2M+8.5%

Corporate Payments$113.0M+9.2%

By product

See full

Payment processing revenue$284.2M+4.6%

Account servicing revenue$182.5M+1.9%

Finance fee revenue$80.1M+5.8%

Competitors

By market cap

U.S. Bancorp$95.0B+27.2%

Corpay$22.6B-5.4%

Global Payments$20.0B0.0%

HQY

HealthEquity$7.9B-10.4%

WEX$5.2B-0.5%

Vontier$4.0B-29.4%

Repay Holdings Corporation$323.8M-27.7%

Expensify, Inc.$181.3M-22.1%

By revenue growth

Corpay+18.3%

Global Payments+14.8%

WEX+3.3%

By net margin

U.S. Bancorp27.04%+2.8pp

Corpay24.6%-0.5pp

HQY

HealthEquity17.25%+7.5pp

Vontier13.37%+0.8pp

WEX11.5%-0.6pp

Global Payments-7.96%-28.2pp

Expensify, Inc.-14.68%-8.0pp

Profile

WEX is a global commerce platform that provides embedded, personalized payment solutions designed to simplify complex financial and administrative workflows. The company leverages proprietary networks and deep industry expertise to deliver technology and services that enhance operational efficiency, cost savings, and data insight for organizations of all sizes.

Competitive position

WEX holds a leading position in the fleet card industry and is a major provider of virtual payment technology for the global travel sector.

GeographiesGlobal, North America, Europe, Asia-Pacific

Customer segmentsEnterprise, Small and Medium Businesses, Government, Financial Institutions

Business modelSaaS, Transaction-based, B2B Payments, Closed-loop Network

SuppliersPayment Networks, Cloud Infrastructure Providers, Financial Markets, Fuel Retailers

CustomersFleet Operators, Human Resources Departments, Accounts Payable Departments, Travel Agencies

CountryUnited States of America

Listed2005

Employees7.2K

CEOMelissa D. Smith

SectorTechnology

IndustrySoftware - Infrastructure

Websitewexinc.com

FilingsSEC EDGAR

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Questions, answered.

What is WEX's market cap?: WEX (WEX) has a market capitalization of $5.2B and trades on NYSE.
What is WEX's revenue and profitability?: WEX generated $2.7B in trailing twelve-month revenue with net income of $310.4M, representing a net margin of 11.5%. Gross margin stands at 58.8%, with free cash flow of $459.6M. These figures are based on the Q1 2026 filing.
Who are WEX's competitors?: WEX's key competitors include HealthEquity, U.S. Bancorp, Corpay, Inc., and others. These companies compete in similar markets and product categories.
Who does WEX partner with?: WEX's notable partners include Visa, Mastercard, Booking Holdings.
What subsidiaries does WEX have?: WEX's subsidiaries include WEX Bank.
Where is WEX headquartered?: WEX is headquartered in United States of America and employs approximately 7,200 people. It has been publicly traded since 2005.