WEX Inc - Company Profile
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WEX Inc (WEX) is a technology-based company that offers corporate payment solutions. The company’s fleet solutions portfolio comprises a large fleet, small businesses, government fleets, and over a road card. It provides travel solutions, which consist of virtual travel payment solutions, virtual credit cards, and virtual payment solutions. WEX also offers fleet cards and fuel management, corporate cards, healthcare solutions such as medical claims solutions, employee health accounts, hospital payment solutions, and virtual insurance payment solutions. The company serves commercial and government vehicle fleet customers with small, medium, and large fleets, over-the-road, and long-haul fleets; and indirectly through co-branded and private label relationships. It has a geographic presence in Australia, New Zealand, Canada, Norway, Singapore, and the UK. WEX is headquartered in South Portland, Maine, the US.
Headquarters
United States of America
Address
97 Darling Avenue, Portland, Maine, 04106
Website
www.wexinc.com
Telephone
1 207 7738171
No of Employees
7,200
Industry
Financial Services
Ticker Symbol & Exchange
WEX (NYSE)
Revenue (2022)
$2.5B
8.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
32.3%
(2022 vs 2021)
Market Cap*
$9.6B
Net Profit Margin (2022)
XYZ
22.1%
(2022 vs 2021)
* As of and is in US$
WEX Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| WEX Health Cloud | Fleet Payment Solutions |
| Fuel Cards | Payment Processing Solutions |
| Fleet Cards | Fuel Management and Fleet Cards |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In April, the company launched WEX EV At-Home in the US. |
| 2024 | Litigation | In April, the company filed a lawsuit against HP Inc. and Hewlett-Packard Development Company, L.P. for infringing its trademarks. |
| 2023 | Acquisitions/Mergers/Takeovers | In November, the company completed the acquisition of Payzer, a provider of field service management software. |
Competitor Comparison
| Key Parameters | WEX Inc | Equinix Inc | Broadridge Financial Solutions Inc | Corpay Inc | Euronet Worldwide Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Portland | Redwood City | Lake Success | Atlanta | Leawood |
| State/Province | Maine | California | New York | Georgia | Kansas |
| No. of Employees | 7,200 | 13,151 | 14,700 | 10,500 | 10,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Melissa D. Smith | Chairperson; President; Chief Executive Officer | Executive Board | 2019 | 54 |
| Jagtar Narula | Chief Financial Officer | Senior Management | 2022 | - |
| Jennifer Kimbal | Chief Accounting Officer; Interim Chief Financial Officer | Senior Management | 2022 | 48 |
| Jay Dearborn | Chief Strategy Officer | Senior Management | 2022 | - |
| Sachin Dhawan | Chief Technology Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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