WEX Inc.

NYSE WEX

WEX Inc. Market Capitalization on January 14, 2025: USD 7.07 B

WEX Inc. Market Capitalization is USD 7.07 B on January 14, 2025, a -13.65% change year over year. Market capitalization represents total company value in stock market; higher suggests larger, more established company.
  • WEX Inc. 52-week high Market Capitalization is USD 9.99 B on April 03, 2024, which is 41.40% above the current Market Capitalization.
  • WEX Inc. 52-week low Market Capitalization is USD 6.66 B on December 19, 2024, which is -5.76% below the current Market Capitalization.
  • WEX Inc. average Market Capitalization for the last 52 weeks is USD 8.09 B.
Key data
Date Market Capitalization Share Price Price to Earnings Ratio (P/E) Price to Sales Ratio (P/S)
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NYSE: WEX

WEX Inc.

CEO Ms. Melissa D. Smith
IPO Date Feb. 16, 2005
Location United States
Headquarters 1 Hancock Street
Employees 7,200
Sector Finance
Industries
Description

WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.

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StockViz Staff

January 15, 2025

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