W 
182.53
+0.17%
Close of 9 Nov 2026, in USD
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About WEX
From its filings with the US Securities and Exchange Commission
WEX is based in Portland, Maine and is incorporated in Delaware. Its shares trade on NYSE under the ticker WEX. The SEC classifies its business as business services, nec. In the fiscal year to 31 December 2025, it reported revenue of $2.66bn and net income of $304.1m. At that date it held total assets of $14.40bn and shareholders' equity of $1.23bn.
Company facts
- Sector
- Information Technology
- Industry
- IT Services
- Listed since
- 16 Feb 2005
- Employees
- 6,600
- Website
- wexinc.com ↗
- Head office
- 1 HANCOCK STREET, PORTLAND, ME, 04101
- Incorporated in
- DE
- Classification
- Services-Business Services, NEC
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Melissa SmithChairman of the Board, President, Chief Executive Officer, since 1999$12.6m
- Mr. Jack VanwoerkomLead Independent Vice Chairman of the Board$327,535
- Mr. Jagtar NarulaChief Financial Officer$4.1m
- Ms. Sandy KuohnChief People Officer
- Mr. Sachin DhawanChief Technology Officer$3.6m
- Ms. Jennifer KimballChief Accounting Officer$1.6m
- Ms. Ann DrewChief Risk and Compliance Officer
- Mr. Carlos CarriedoChief Operating Officer, Americas Payments & Mobility
- Mr. Joel DearbornChief Operating Officer, International$3.3m
- Mr. Robert DeshaiesChief Operating Officer, Benefits$3.6m
- Ms. Karen StroupChief Digital Officer$3.6m
- Ms. Sara TrickettChief Legal Officer, Corporate Secretary
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 49
- Environment
- 25
- Social
- 78
- Governance
- 44
- Direct emissions (scope 1)
- 1,246 t
- Energy emissions (scope 2)
- 3,240 t
- Women in the workforce
- 53%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- WEX Inc has several strengths that contribute to its competitive advantage. Firstly, the company has a diverse range of payment solutions, including fleet, virtual, and healthcare payment options, which are in high demand. Secondly, WEX Inc benefits from strong partnerships with major fuel retailers, allowing it to provide reliable and convenient fuel payment services. Thirdly, the company has established a solid reputation for its technological expertise and innovation, which further enhances its brand image.
Weaknesses
- Despite its strengths, WEX Inc also faces some weaknesses. One notable weakness is its heavy reliance on fuel prices, as fluctuations in fuel costs directly impact its revenue. This vulnerability exposes the company to potential financial risks. Additionally, WEX Inc operates in a highly competitive market, where other payment solution providers are constantly introducing new products and services. This puts pressure on the company to consistently adapt and differentiate itself.
Opportunities
- The payment solutions industry offers several opportunities for WEX Inc. Firstly, the increasing adoption of electronic payments presents a growth opportunity for the company. As more businesses and individuals switch from traditional payment methods to digital systems, WEX Inc can expand its customer base. Secondly, the company can leverage its technological capabilities to develop innovative solutions tailored to specific industries, such as healthcare or transportation, further increasing its market share. Lastly, expanding into international markets where there is a growing demand for payment solutions can also drive WEX Inc's growth.
Threats
- WEX Inc faces certain threats that may affect its operations. One significant threat is the increasing regulatory environment surrounding payment solutions, which may result in stricter compliance requirements and added costs. Moreover, the rise of disruptive technologies and new entrants in the industry pose a threat to WEX Inc's market position. The company must stay vigilant and adapt to emerging trends to mitigate the risk of being overshadowed by competitors. Additionally, any economic downturn or fluctuations in fuel prices can negatively impact WEX Inc's revenue and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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