WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides payment and transaction processing services for the needs of commercial and government fleets. The Travel and Corporate Solutions segment focuses on the payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment, and transaction monitoring needs. The Health and Employee Benefit Solutions segment involves healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.

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WEX reports record revenue in 2022, eyes growth opportunities

WEX delivered strong financial performance in 2022, with record revenue and volume growth across all segments.
The company's strategic focus on market share, innovation, and cost reductions positions it well for future growth.
Challenges include credit losses, economic slowdown impacts, and the need to navigate changing market dynamics.
Opportunities lie in health care segment growth, cross-selling initiatives, M&A strategies, and product innovation for sustained success.

WEX beats Q1 expectations, eyes growth in Benefits and Payments

WEX delivered strong financial performance in Q1 2023, exceeding revenue and earnings guidance, with positive growth across key segments.
Challenges include margin pressures, credit losses, and potential slowdown in travel-related revenue, but opportunities lie in continued segment growth and strategic investments.
With raised guidance for the year, WEX aims to capitalize on opportunities in Benefits, Corporate Payments, and Mobility Solutions to drive future growth and expansion.

WEX reports record Q2 revenue, raises full-year guidance

WEX delivered strong Q2 results with record revenue and raised full-year guidance, showcasing resilience and growth potential.
Strategic acquisitions, market share initiatives, and focus on innovation position WEX for future success and market outperformance.
Challenges in certain segments like corporate payments and mobility require targeted strategies for sustained growth and profitability.
Opportunities in acquisitions, EV market, network incentives, and international expansion offer avenues for revenue diversification and market leadership.

WEX reports record Q3 earnings, eyes EV market growth

WEX delivered strong financial performance in Q3, exceeding revenue and net income targets
Strategic acquisitions, focus on EV market, and integrated offerings position WEX for future growth
Challenges include healthcare costs, competition, and regulatory landscape, requiring proactive strategies
Opportunities lie in EV market growth, embedded payments, and expansion in European travel volumes

WEX reports record revenue and strong earnings growth in Q4

WEX delivered robust financial performance in Q4 2023, driven by record revenue and strong net income growth, supported by strategic initiatives and acquisitions.
The company's focus on energy transition, cost-saving measures, and digital sales channels positions it well for future growth and market leadership.
While facing challenges like weather impacts and political ad spending, WEX's opportunities lie in venture investments, segment growth strategies, and revenue optimization.
Overall, WEX's financial health, strategic direction, and market positioning indicate a positive outlook for sustained growth and value creation.

WEX reports record revenue in Q1 2024, raises guidance

WEX delivered strong financial performance in Q1 2024, with record revenue and increased net income per share, driven by strategic partnerships and segment growth.
While facing short-term challenges in migration processes and delinking of revenue and EPS, WEX remains optimistic about long-term prospects and operational improvements.
The company's focus on innovation, revenue diversification, and operational efficiency positions WEX for continued growth and market leadership in the payment solutions industry.

WEX achieves record revenue and profitability growth in Q2 2024

WEX delivered strong financial performance with record revenue and profitability growth in Q2 2024.
The company's strategic focus on innovation, cost savings, and segment diversification bodes well for future growth.
While challenges and competition persist, WEX's proactive approach and market positioning offer opportunities for sustained success.

WEX reports Q3 revenue growth, faces Mobility segment challenges

WEX Inc. reported mixed results with revenue growth, profitability increase, and segment-specific challenges in Q3 2024.
Effective cost management strategies and strong performance in the Benefits segment were key highlights of the earnings call.
Challenges in the Mobility and Corporate Payments segments impacted overall results, leading to revised guidance for the full year.
Opportunities in digital marketing, EV solutions, and continued cost savings present avenues for future growth and performance enhancement.

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WEX, Inc. engages in the provision of payment processing and information management solutions. It offers fuel cards and fleets, employee benefits, and business payments products. It operates through the following segments: Mobility, Corporate Payments, and Benefits. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services. The Corporate Payments segment focuses on the complex payment environment of global business to business payments. The Benefits Segment provides SaaS software with embedded payment solutions and plan administration services for consumer directed health benefits. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.

The consensus price target hints at a 33.9% upside potential for Wex (WEX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 34% Upside in Wex (WEX): Can the Stock Really Move This High?

Roberto Simon stepped down as the CFO of WEX Inc (NYSE: WEX) effective December 31, 2021, to pursue another opportunity. The company has appointed its Chief Accounting Officer Jennifer Kimball also as interim CFO, effective January 1, 2022.

WEX Lifts Q4, FY21 Outlook; CFO Roberto Simon Steps Down

Shares of WEX Inc. WEX, +2.29% rallied 3.1% in premarket trading Tuesday, after the financial technology service provider raised its fourth-quarter profit and revenue outlook, while announcing that Chief Financial Officer Roberto Simon had stepped down at the end of last year "to pursue another opportunity." Simon, who will remain with WEX in an advisory roll through April 1, joined the company in 2016.

WEX stock rallies after profit and revenue outlook raised, while CFO has stepped down

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), a leading financial technology service provider, today announced that Roberto Simon stepped down as the Company's Chief Financial Officer (CFO), effective December 31, 2021, to pursue another opportunity. Jennifer Kimball, currently WEX's Chief Accounting Officer, has been appointed Interim CFO, effective January 1, 2022. To facilitate a smooth transition, Mr. Simon is expected to remain employed by the Company, serving in an advisory role thro

WEX Announces CFO Transition and Raises Fourth Quarter and Full Year 2021 Guidance

WEX (WEX) welcomes Karen Stroup and Carlos Carriedo to the positions of chief digital officer and chief operating officer, International, respectively.

WEX Hires New Talents to Its Global Executive Leadership Team

WEX, a FinTech service provider, announced in a press release that it has added two new executives to its leadership team: Chief Digital Officer Karen Stroup and Chief Operating Officer International Carlos Carriedo. Both positions are new, the release stated.

Wex Adds 2 Execs in Global Digital Push

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), a leading financial technology service provider, today announced two new additions to its global executive leadership team: Karen Stroup as Chief Digital Officer, and Carlos Carriedo as Chief Operating Officer, International, overseeing WEX's operations in Europe, the Middle East and Africa (EMEA) and Asia Pacific (APAC). These positions are both newly created roles. Stroup and Carriedo will report directly to Chief Executive Officer, Melissa S

WEX Expands Global Executive Leadership Team with Two Appointments in Newly Created Roles

WEX deserves a higher multiple as it has earned the label of “fintech” by diversifying its offerings, playing multiple roles in the B2B payment space. Recent selloff pressure in the payment space has punished the stock to historically low levels.

WEX: The Selloff I've Been Waiting For Is Here

WEX continues to acquire and invest in companies, both in the United States as well as internationally, to expand its product and service offerings.

WEX Banks on Buyouts and Product Excellence, Debt Woes Stay

Wex stock (NYSE: WEX), declined by 28% in the last twenty-one trading days. In comparison, the broader S&P500 index rose by 1.1% over the same period.

Wex's Stock Down 28% In The Last Month, What Is The Likelihood Of Rise?

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the Citi 2021 Financial Technology Virtual Conference on Tuesday, November 16, 2021 at approximately 11:15 AM EST (8:15 AM PST). A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com, or through the following address: https://kvgo

WEX Inc. to Present at Citi's 2021 Financial Technology Virtual Conference

WEX Inc. (WEX) CEO Melissa Smith on Q3 2021 Results - Earnings Call Transcript

It's kind of a mystery -- and maybe a buying opportunity.

Why Wex Stock Crashed and Burned Today

WEX's third-quarter 2021 revenues benefit from segmental strength.

WEX's Q3 Earnings and Revenues Surpass Estimates, Increase Y/Y

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended September 30, 2021. “We delivered impressive results in the third quarter driven by recovering customer spend patterns from the COVID impacted lows and implementation of new customer wins coming from continued success in the marketplace. Importantly, total purchase volume processed across the Company reached an all-time high of $26

WEX Inc. Reports Third Quarter 2021 Financial Results

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), a leading financial technology service provider, today announced a reorganization of its Executive Leadership Team to better serve its customers with solutions that maximize efficiency and enable better integration across the Company's expansive and world-class payments and tech platform. As part of the reorganization, which will be effective January 1, 2022, Robert Deshaies has been appointed Chief Operating Officer, Americas. In this newly cr

WEX Announces Executive Leadership Team Changes

MOUNTAIN VIEW, Calif., Oct. 20, 2021 /PRNewswire/ -- B2B Fintech Stampli , a leader in Accounts Payable (AP) automation, announced the launch of its new corporate card, the Stampli Card , an extension of its AP Automation platform.

Stampli Announces New Corporate Card To Stop Shadow Spend

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced it will report third quarter 2021 financial results before the market opens on Thursday, October 28, 2021. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Roberto Simon, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed throug

WEX Inc. to Release Third Quarter 2021 Financial Results on October 28, 2021

While all of WEX Inc's (NYSE:WEX) businesses are well-positioned for near-term tailwinds, its stock is currently trading at a discount to historical levels and appears attractive, according to BofA Securities. The WEX Analyst: Mihir Bhatia upgraded the rating for WEX from Neutral to Buy with a $233 price target.

Higher Fuel Prices Benefit Wex, BofA Says In Upgrade

This solution will simplify the experience of managing mixed fleets as clients gradually transition from ICE to EV This solution will simplify the experience of managing mixed fleets as clients gradually transition from ICE to EV

Element Fleet Management collaborates with industry leaders ChargePoint and WEX to provide access to nationwide EV charging and simplified billing

PORTLAND, Maine--(BUSINESS WIRE)--WEX announces its plans for its third annual National Health Savings Account Awareness Day 2021, also known as HSA Day, on October 15, 2021.

WEX Announces HSA Day 2021, Partners with HR and Personal Finance Influencers

ChargePoint Holdings

Financial technology service provider WEX Inc. has announced plans to expand a relationship with electronic vehicle (EV) charging network ChargePoint in order to provide more seamless integration for mixed fleets, a press release says. The expanded partnership will increase access to the largest public EV charging network, which provides on-route charging needs.

WEX, ChargePoint to Integrate EV into Corporate Fleets

PORTLAND, Maine & CAMPBELL, Calif.--(BUSINESS WIRE)--WEX and ChargePoint have announced plans to expand their existing relationship

WEX and ChargePoint Announce Plans to Ease Integration of Electric Vehicles Into Corporate Fleets

PORTLAND, Maine--(BUSINESS WIRE)--WEX was awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement.

WEX Signs New Fleet Card Agreement with the State of Minnesota

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced that its Board of Directors has extended its share repurchase program that was initiated in 2017 and was set to expire on September 30, 2021. Under the renewed repurchase program, the Company may repurchase up to $150 million worth of the company's common stock. The repurchase program will expire on September 30, 2025, subject to earlier termination of the program by the Board

News for WEX Stock (WEX)