WEX Inc. (WEX)
WEX Inc. is a global provider of financial and business solutions, primarily serving the commercial and government sectors. The company specializes in fleet and corporate payment solutions, offering programs for fuel, corporate travel, and toll management. WEX delivers technology-driven payment processing services that help organizations optimize spending, improve efficiencies, and enhance security across their payment ecosystems. Founded in 1983, WEX has grown into a key player in the payments industry with a broad international presence.
Company News
Wex reported Q2 2025 earnings with adjusted EPS of $3.95, beating analyst expectations. The company experienced revenue decline and margin compression, with the Benefits segment showing resilience while Mobility and Corporate Payments segments faced challenges.
Impactive Capital, a major shareholder of WEX Inc., plans to vote against three directors at the 2025 annual meeting, citing the company's long-term underperformance and the need for fresh perspectives and stronger shareholder representation on the board.
WEX Inc. CFO Jagtar Narula sold 540 shares of the company's stock for $97,200. The transaction was part of a pre-arranged trading plan and does not necessarily reflect the CFO's view on the company's prospects.
If an investor had bought $100 of WEX stock 15 years ago, it would be worth $23,055.84 today, as the company has outperformed the market by 30.84% on an annualized basis, producing an average annual return of 43.72%.
WEX is benefitting from sales force productivity, deep client information and the Payzer buyout despite decreasing liquidity.
