View ValuationWEX 将来の成長Future 基準チェック /26WEX利益と収益がそれぞれ年間15.6%と4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に36.7% 15%なると予測されています。主要情報15.6%収益成長率14.95%EPS成長率Diversified Financial 収益成長8.1%収益成長率4.0%将来の株主資本利益率36.71%アナリストカバレッジGood最終更新日27 Apr 2026今後の成長に関する最新情報お知らせ • Apr 23+ 1 more updateWex Inc. Raises Earnings Guidance for the Fiscal Year 2026WEX Inc. raised earnings guidance for the fiscal year 2026. For the period, the Company expects revenue in the range of $2.82 billion to $2.88 billion.お知らせ • Feb 05Wex Inc. Provides Earnings Guidance for the First Quarter and Full Year 2026WEX Inc. provided earnings guidance for the first quarter and full year 2026. For the first quarter of 2026, the Company expects revenue in the range of $650 million to $670 million. For the full year 2026, the Company expects revenue in the range of $2.70 billion to $2.76 billion.お知らせ • Oct 30+ 2 more updatesWEX Inc. Provides Earnings Guidance for the Fourth Quarter of 2025WEX Inc. provided earnings guidance for the fourth quarter of 2025. For the fourth quarter of 2025, the Company expects revenue in the range of $646 million to $666 million. The company’s guidance is based on the following assumptions: U.S. retail fuel prices of $3.09 and $3.27 per gallon, respectively, for the fourth quarter and full year 2025 based on the applicable NYMEX futures price from the week of October 20, 2025. Adjusted net income tax rate of 25.0% for both the fourth quarter and full year. Mobility credit losses will range from 14 to 19 basis points for the fourth quarter and 13 to 14 basis points for the full year. Weighted average diluted shares outstanding of 34.9 million and 35.9 million for the fourth quarter and the full year, respectively.Price Target Changed • Jul 25Price target increased by 8.7% to US$172Up from US$159, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of US$176. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of US$8.38 for next year compared to US$7.59 last year.お知らせ • Jul 24WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2025WEX Inc. provided earnings guidance for the third quarter and full year 2025. For the quarter, the Company expects revenue in the range of $669 million to $689 million. For the year, the Company expects revenue in the range of $2.61 billion to $2.65 billion.お知らせ • May 01Wex Inc. Provides Earnings Guidance for Second Quarter and Full Year 2025WEX Inc. provides earnings guidance for second quarter and full year 2025. For the quarter, the company expects revenue in the range of $640 million to $660 million. For the full year, the company now expects revenue in the range of $2.57 billion to $2.63 billion.すべての更新を表示Recent updatesライブニュース • May 05WEX Adds Independent Directors and Expands EV Charging for FleetsWEX has reached a cooperation agreement with activist investor Impactive Capital, adding three Impactive-nominated independent directors to an expanded 11-member board at the 2026 annual meeting. As part of the settlement, WEX will separate the Chair and CEO roles, with Melissa Smith continuing as CEO and President but stepping down as Chair. WEX has integrated the Chargefox public EV charging network into its Motorpass platform in Australia, allowing mixed fleets to manage fuel and EV charging through a single system. For you as an investor, the Impactive agreement signals a shift in how WEX’s board is structured and supervised. The addition of three new independent directors, together with the split between Chair and CEO, increases independent oversight after proxy advisors cited governance concerns and what they described as sustained underperformance. Impactive’s ongoing ability to designate replacements under certain ownership conditions keeps shareholder influence present in the boardroom. On the operating side, the Motorpass integration with Chargefox illustrates how WEX is trying to stay relevant for fleets that are moving toward lower-emission vehicles. Providing fleet managers with one platform for both fuel and EV charging can simplify cost tracking and policy control, especially for mixed fleets that are still running combustion engines alongside EVs. Taken together, these governance and product developments give you more to monitor in terms of how WEX’s leadership responds to shareholder pressure and how its fleet payments offering aligns with real-world customer needs.ナラティブ更新 • May 02WEX: Margin Execution And Governance Changes Will Drive Future Upside PotentialAnalysts have nudged their blended price target for WEX higher by roughly $10 to about $220, reflecting updated views on fair value, discount rates, profit margins and future P/E multiples after a mix of recent target increases and reductions across the Street. Analyst Commentary Recent research has centered on where WEX should trade relative to its earnings power, with several bullish analysts adjusting price targets higher by single digit to low double digit dollar amounts.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$155, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Diversified Financial industry in the US. Total loss to shareholders of 7.5% over the past three years.Reported Earnings • Apr 23First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: US$2.25 (up from US$1.84 in 1Q 2025). Revenue: US$673.8m (up 5.8% from 1Q 2025). Net income: US$77.7m (up 8.7% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Apr 23+ 1 more updateWex Inc. Raises Earnings Guidance for the Fiscal Year 2026WEX Inc. raised earnings guidance for the fiscal year 2026. For the period, the Company expects revenue in the range of $2.82 billion to $2.88 billion.お知らせ • Apr 21Impactive Capital Issues Supplemental Investor Presentation to Shareholders of WEXOn April 20, 2026, Impactive Capital Master Fund LP issued supplemental investor presentation in connection with WEX Inc.’s 2026 annual meeting of stockholders.ナラティブ更新 • Apr 18WEX: Reset Expectations And Governance Debate Will Shape Balanced Future ReturnsThe updated analyst price target for WEX increases to $176.89 from $172.67, as analysts factor in a slightly higher modeled fair value supported by modest adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research on WEX reflects a mix of optimism and caution, with several firms adjusting price targets and one new initiation indicating that expectations have been reset.お知らせ • Apr 14Impactive Capital Releases Investor Presentation Outlining the Case for Change at WEXOn April 14, 2026, Impactive Capital, LP announced that it has released an investor presentation outlining the case for boardroom change following years of sustained underperformance, value-destructive M&A, and poor corporate governance at the Company, and Impactive Capital presentation highlighted its qualified nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe can bring relevant experience and a strong ownership mindset to help position Company to realize its full value potential. In addition, Impactive Capital emphasizes the need for fresh, shareholder-aligned perspectives in the boardroom to address prolonged operational underperformance, poor capital allocation and governance shortcomings, and urged the shareholders to help restore accountability and unlock value by electing its nominees to the Company Board.お知らせ • Apr 13Impactive Capital Provides Information to Shareholders of WEXOn April 13, 2026, Impactive Capital LP, announced that it has sent a letter to Shareholders of WEX Inc., asked to support its 3 director nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe, citing years of underperformance, weak capital allocation, and outsized CEO pay, urged shareholders replace Nancy Altobello, Melissa Smith, and Stephen Smith, with its director nominees and called for replacing the current board chair, Melissa Smith, at the annual meeting of shareholders scheduled to be held on May 5, 2026. In addition, Impactive Capital highlighted Company's negative shareholder return since Smith became chair, lagging competitors and the S&P MidCap 400, criticized the Mobility segment's performance, and noted the board's failure to consider asset divestitures. Further, Impactive Capital pointed out Smith's $85 million compensation amid a $3.4 billion drop in market capitalization, and argued its nominees bring needed skills. Furthermore, Impactive Capital Stated that the Company opposed its nominees, citing concerns about Wolfe, and offered to appoint 2 nominees to an expanded board, which Impactive rejected.お知らせ • Apr 12Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Board Change at WEXOn April 10, 2026, Impactive Capital, LP announced that it has filed definitive proxy materials in connection with WEX Inc.’s annual meeting of stockholders, which is currently scheduled for May 5, 2026. Additionally, Impactive Capital sent a letter to shareholders detailing how the Company Board of Directors has failed to respond to clear investor discontent, neglected to exercise adequate oversight of management, and taken desperate steps to entrench itself. In its letter, Impactive Capital highlights that nominees Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe bring critical industry experience and ownership mentality needed to improve oversight, drive operational performance and enhance capital allocation.お知らせ • Apr 09WEX Inc. to Report Q1, 2026 Results on Apr 22, 2026WEX Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026お知らせ • Apr 07WEX Inc., Annual General Meeting, May 05, 2026WEX Inc., Annual General Meeting, May 05, 2026.ナラティブ更新 • Apr 04WEX: Reset Expectations And Execution On Margins Will Drive Future UpsideAnalysts have adjusted the WEX price target slightly higher to $210, reflecting updated views on revenue growth, profit margins, and future P/E expectations following recent target changes across several firms. Analyst Commentary Recent Street research on WEX reflects a mix of opinion, with some firms trimming price targets and others lifting them or starting coverage with a neutral stance.お知らせ • Mar 25WEX Inc. Introduces Specialized Health Reimbursement Arrangement For GLP-1 Weight-Loss MedicationsWEX Inc. announced the launch of a Health Reimbursement Arrangement (HRA) designed to help employers manage the surging demand and escalating costs of GLP-1 medications. WEX’s specialized solution enables organizations to carve out GLP-1 coverage into a defined-contribution HRA. This puts the power back to the employer amidst shifting economic conditions by helping protect the organization’s core medical plan from unpredictable utilization and premium inflation. By customizing everything from funding to reimbursement rules, employers gain clarity and control over pricing, while ensuring their employees have a reliable safety net for their health journeys. Once considered a niche treatment for diabetes, GLP-1 medications are now demanding a shift in how employers approach holistic health and wellness in the workplace, as nearly 34 million Americans now medically qualify for these weight-management drugs. While research shows that one-in-five (19%) organizations with 200+ workers covered GLP-1 drugs in 2025, the explosion in popularity has created a fiscal dilemma for many on the fence: absorb skyrocketing premiums to cover the medications or cut them entirely. By leveraging proven HRA infrastructure and reimbursement capabilities, WEX enables plan sponsors to shift away from open-ended benefit exposure toward a model where GLP-1 access is offered with clear funding parameters and controlled costs. Key features and benefits of this new solution include: Flexible Access for Employees: Instead of navigating high out-of-pocket costs alone, funds can be utilized across pharmacies, manufacturer-direct programs, or alternative channels. Strategic Advantage for Employers: By combining scale and compliance expertise into a single, intelligent engine, WEX is able to power the full spectrum of benefits and payments across one secure infrastructure. Without the burden of manual administration, HR teams gain peace of mind, and the ability to remain focused on high-level strategy. WEX Payment Rails: Utilizing WEX’s proprietary technology, the HRA offering ensures that every dollar spent is aligned with the employer’s specific eligibility rules, while providing a seamless reimbursement experience. The WEX GLP-1 HRA is available now for employers, partners, brokers, and consultants looking to modernize their weight-management benefit strategy.ナラティブ更新 • Mar 21WEX: Reset Expectations And EV Initiatives Will Shape Balanced Future ReturnsNarrative Update on WEX The average analyst price target for WEX has edged slightly lower by about $1, as firms fine tune their views following a mix of modest target raises and larger cuts that reflect updated assumptions for growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on WEX reflects a split view, with some analysts tightening their targets slightly higher and others trimming them by a wider margin as they recalibrate growth, margin and P/E assumptions.Recent Insider Transactions Derivative • Mar 19Chairman of the Board exercised options and sold US$3.0m worth of stockOn the 15th of March, Melissa Smith exercised options to acquire 19k shares at no cost and sold these for an average price of US$160 per share. This trade did not impact their existing holding. For the year to December 2019, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Melissa's direct individual holding has increased from 154.54k shares to 188.07k. Company insiders have collectively sold US$4.6m more than they bought, via options and on-market transactions in the last 12 months.ナラティブ更新 • Mar 06WEX: Expectations Reset And EV Payment Initiatives Will Support Future UpsideThe analyst price target for WEX has increased by $2, reflecting updated views on discount rates, revenue growth, and profit margins as analysts reassess what they consider an appropriate reset in expectations. Analyst Commentary Recent Street research on WEX shows a mix of views, with some firms trimming price targets and others nudging them higher as they revisit assumptions on growth, margins, and risk.Recent Insider Transactions • Feb 26Chief Operating Officer of Benefits recently sold US$486k worth of stockOn the 24th of February, Robert Deshaies sold around 3k shares on-market at roughly US$150 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.1m more than they sold in the last 12 months.Recent Insider Transactions Derivative • Feb 25Chief Operating Officer of Benefits notifies of intention to sell stockRobert Deshaies intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of February. If the sale is conducted around the recent share price of US$150, it would amount to US$486k. Since March 2025, Robert's direct individual holding has decreased from 17.21k shares to 15.70k. Company insiders have collectively sold US$7.1m more than they bought, via options and on-market transactions in the last 12 months.New Risk • Feb 20New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$477k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.ナラティブ更新 • Feb 20WEX: EV Payments And Expectations Reset Will Support Future Upside PotentialThe analyst price target for WEX has edged down by roughly $1 to $209.48. This reflects updated assumptions on discount rate, revenue growth, profit margins, and future P/E that analysts see as better aligned with recent research commentary.Seeking Alpha • Feb 13WEX Inc.: Undervalued, But Losing Strategic GroundSummary WEX is rated Hold, with value appeal but concerns over strategic positioning versus Corpay. Recent growth was sluggish, mainly due to Mobility segment weakness and client loss, though Q4 showed improvement. WEX's aggressive buybacks (13% of shares this year) contrast with Corpay's focus on Corporate Payments expansion. Mobility remains half of revenue and is structurally less attractive; Corporate Payments growth is needed for long-term quality. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$166, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Diversified Financial industry in the US. Total loss to shareholders of 17% over the past three years.ナラティブ更新 • Feb 06WEX: Reset Expectations And EV Expansion Will Support Future Earnings PowerAnalysts have trimmed their price expectations for WEX, reflected in a lower fair value estimate from about US$176.89 to US$173.60, as they factor in more moderate revenue growth, a narrower profit margin outlook, and a higher future P/E multiple following recent neutral and Equal Weight research views. Analyst Commentary Recent research coverage has taken a measured stance on WEX, with analysts signaling that expectations are now more in line with the company’s current execution and growth outlook.Reported Earnings • Feb 05Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$8.57. Revenue: US$2.66b (up 1.2% from FY 2024). Net income: US$304.1m (down 1.8% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Diversified Financial industry in the US.お知らせ • Feb 05Wex Inc. Provides Earnings Guidance for the First Quarter and Full Year 2026WEX Inc. provided earnings guidance for the first quarter and full year 2026. For the first quarter of 2026, the Company expects revenue in the range of $650 million to $670 million. For the full year 2026, the Company expects revenue in the range of $2.70 billion to $2.76 billion.お知らせ • Jan 27WEX Introduces Fleet Card With EV Payment CapabilitiesWEX introduced WEX Fleet card now with EV payment capabilities, giving fleet customers a single way to pay for both traditional fuel and public electric vehicle (EV) charging. WEX is the first fuel card provider to incorporate fueling and EV charging into one card, one account, and one invoice across its proprietary closed-loop fuel network. The new WEX Fleet card now with EV payment capabilities gives fleet customers a single way to pay for both traditional fuel and public electric vehicle (EV) charging. WEX is the first fuel card provider to incorporate fueling and EV charging into one card, one account, and one invoice across its proprietary closed-loop fuel network. The new offering allows all data and payments to flow to one simple, secure system, whether a driver is plugging in at one of over 175,000 WEX-accepting public charging ports or fueling up at over 90% of U.S. gas stations that accept WEX cards. As fleets integrate a mix of electric or fuel-powered vehicles, many face fragmented payment systems, multiple cards or apps, and complex reconciliation. The WEX Fleet card now with EV payment capabilities helps reduce administrative burden while delivering a more seamless and unified experience for both drivers and operators. In addition, fleet managers retain unified reporting, purchase controls via the DriverDash app, and one credit line for all transaction data for fueling and charging. The upgraded card embeds RFID technology directly into the standard WEX Fleet card, eliminating the need for a separate EV charging card or mobile app to activate and pay for a charging session. This allows for a single card and account structure to support internal combustion engine (ICE) vehicles, hybrids, and EVs. Powered by WEX’s proprietary closed-loop fleet network, rather than open-loop, general-purpose card networks, this approach gives customers end-to-end control of transactions, enabling richer data, stronger security, and fleet-specific purchase controls that support electrification without disrupting existing fueling workflows. Key benefits of the WEX Fleet card now with EV payment capabilities include one card, one account, one invoice: fuel and EV charging all tied to a single card and credit line; embedded tap-to-charge capability: drivers use the same card for all fueling scenarios – no separate RFID required; consolidated reporting and controls: fleet managers get unified visibility into fueling and charging activity with existing purchase controls; easy activation: EV charging capabilities can be enabled immediately or rolled in during the next scheduled renewal. The WEX Fleet card now with EV payment capabilities reflects WEX’s ongoing effort to simplify operations and support the evolving needs of mixed-energy fleets. With real-time charger availability, remote initiation, and detailed transaction insights already part of WEX’s En Route EV suite, fleets can more easily manage the shift to electrification. The WEX Fleet card now with EV payment capabilities is available for eligible fleet customers. Existing EV enabled customers can request updated cards directly through the WEX online customer portal by clicking “Enable EV” on any existing fuel card, by clicking “Enable EV” when ordering new fuel cards, or receive them automatically during their next regular card-renewal cycle.ナラティブ更新 • Jan 23WEX: Benefits And EV Platform Integrations Will Support Future Upside PotentialAnalysts kept their price target for WEX steady at $210.00, pointing to only minor model tweaks in the discount rate, revenue growth, profit margin, and forward P/E assumptions rather than a shift in their overall view of the stock. What's in the News Health-E Commerce, parent of FSA Store and HSA Store, is collaborating with WEX to integrate its tax-advantaged shopping platforms directly into the WEX benefits portal, aiming to simplify FSA and HSA spending and reduce account holder confusion (Key Developments).お知らせ • Jan 22WEX Inc. to Report Q4, 2025 Results on Feb 04, 2026WEX Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 04, 2026お知らせ • Jan 13WEX Inc. Announces Board ChangesWEX Inc. announced changes to the composition and leadership of the Company’s Board of Directors (the “Board”) to further enhance the effectiveness of the Board’s oversight. For several years, the Board has been developing and executing a plan to support thoughtful renewal and an orderly transition of independent director leadership, helping to ensure the Board remains well positioned to oversee emerging risks and capitalize on the Company’s many opportunities to create long-term value. Reflecting input received through ongoing engagement with stockholders, the Board is advancing the next phase of its planned evolution. Pursuant to this plan, David Foss, former President and Chief Executive Officer of Jack Henry & Associates, will assume the role of Vice Chair and Lead Independent Director, effective as of the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”). In addition, Shikhar Ghosh and Jack VanWoerkom will retire from the Board, effective as of the Annual Meeting. Following the Annual Meeting, the Board will be comprised of ten members.ナラティブ更新 • Jan 08WEX: Future Profitability Assumptions Will Drive Upside From Current LevelsNarrative Update on WEX The analyst price target for WEX has shifted from about $198.46 to $210.00. Analysts attribute this change to updated assumptions related to higher revenue growth, stronger profit margins, and a lower future P/E multiple.Recent Insider Transactions Derivative • Dec 18Chief Technology Officer exercised options and sold US$332k worth of stockOn the 15th of December, Sachin Dhawan exercised options to acquire 2k shares at no cost and sold these for an average price of US$154 per share. This trade did not impact their existing holding. Since March 2025, Sachin has owned 3.87k shares directly. Company insiders have collectively sold US$7.2m more than they bought, via options and on-market transactions in the last 12 months.ナラティブ更新 • Dec 15WEX: Expanded Charging Access Will Support Stronger Long Term Earnings PowerAnalysts have modestly raised their price target on WEX to reflect a slightly lower perceived risk profile, along with stable long term growth and profitability assumptions, while fair value estimates remain steady around $176.89 per share. What's in the News WEX integrated its platform with the Tesla Supercharger network, adding over 20,000 fast-charging points at more than 1,500 locations across Europe to expand high power EV charging access for fleet customers (Client Announcements).ナラティブ更新 • Dec 01WEX: Expanding Charging Network Integration Will Drive Stronger Revenue OutlookAnalysts have slightly revised their price target for WEX from $177.44 to $176.89. This reflects minor adjustments to company forecasts and ongoing reviews of fundamental trends.ナラティブ更新 • Nov 17WEX: Revenue Guidance Increases And New Partnerships Will Drive Further UpsideAnalysts have slightly lowered their price target for WEX, adjusting it from $178 to approximately $177.44. They cite modest shifts in revenue growth expectations and profitability margins as the reason for this change.お知らせ • Nov 04Wex Inc. Announces Executive ChangesWEX Inc. announced the appointment of Sandy Kuohn as its Chief People Officer (CPO). In this role, Kuohn will lead WEX’s global people strategy, aligning talent, culture, and organizational capabilities to advance the company’s strategy and focus on disciplined growth. Sara Trickett, who served as interim CPO, will continue in her role as Chief Legal Officer and Corporate Secretary. Kuohn is an accomplished global human resources executive with a proven record of scaling organizations and building programs that enable high-performing cultures. Her leadership will help WEX continue simplifying how it works, empowering its teams with the clarity, tools, and development needed to deliver for customers and drive sustainable performance. Prior to joining WEX, Kuohn served as Chief Human Resources Officer at City National Bank, a subsidiary of the Royal Bank of Canada, where she led a comprehensive transformation of the HR organization. Earlier in her career, she held a series of senior HR leadership roles at Huntington Bancshares Inc. and its acquired institutions, and also held leadership and consulting positions at Urban Science, SDK Consulting, Electro Wire Products, and Andersen Consulting. Kuohn holds a Bachelor of Arts in Finance from Michigan State University and serves on the Board of Trustees for Ronald McDonald House Charities of Southern California.ナラティブ更新 • Nov 01WEX: Expanded Payment Partnerships And Higher Margins Will Drive Future GainsAnalysts have lowered their price target for WEX from $184.56 to $178.00, citing slightly softer revenue projections. However, this is balanced by stronger expected profit margins and a lower forward price-to-earnings ratio.Reported Earnings • Oct 31Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: US$2.33 (down from US$2.55 in 3Q 2024). Revenue: US$691.7m (up 3.9% from 3Q 2024). Net income: US$80.3m (down 22% from 3Q 2024). Profit margin: 12% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Oct 30+ 2 more updatesWEX Inc. Provides Earnings Guidance for the Fourth Quarter of 2025WEX Inc. provided earnings guidance for the fourth quarter of 2025. For the fourth quarter of 2025, the Company expects revenue in the range of $646 million to $666 million. The company’s guidance is based on the following assumptions: U.S. retail fuel prices of $3.09 and $3.27 per gallon, respectively, for the fourth quarter and full year 2025 based on the applicable NYMEX futures price from the week of October 20, 2025. Adjusted net income tax rate of 25.0% for both the fourth quarter and full year. Mobility credit losses will range from 14 to 19 basis points for the fourth quarter and 13 to 14 basis points for the full year. Weighted average diluted shares outstanding of 34.9 million and 35.9 million for the fourth quarter and the full year, respectively.お知らせ • Oct 17WEX Inc. to Report Q3, 2025 Results on Oct 29, 2025WEX Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025お知らせ • Sep 18Wex Announces the Rebrand of Payzerware to Wex Field Service ManagementWEX announced the rebrand of Payzerware to WEX Field Service Management (WEX FSM). The enhanced software solution, designed for the trades, helps contractors save time, cut costs, and scale with confidence by consolidating operations into an all-in-one simple solution. Existing Payzerware customers now gain the reliability of a global leader combined with purpose-built tools, integrations, and specialized partners that make it easier to manage their operations. WEX FSM, which already serves more than 35,000 contractors, provides access to critical tools needed to run their business every day. In addition to core features like scheduling, dispatching, invoicing, and payments, WEX FSM now brings the value of the WEX Fleet Card, includes Advanced Reporting, and gives access to GoodLeap's flexible financing options and Enhanced Pricebooks, powered by Pricebook Digital™?, within the new WEX FSM mobile app. These options will be built into the process, giving contractors more flexibility, making it easier to close deals in the field. The new WEX FSM app, which includes all the features of the existing platform, will also be available on September 18. WEX FSM also includes access to dedicated support teams, providing knowledgeable and responsive service, backed by 40 years of WEX industry expertise. WEX FSM can help contractors run their business from the field to back-office with its easy-to-use solutions: Enhanced business intelligence: Make informed decisions with insights from advanced reporting. New and improved mobile app: The new WEX F SM app delivers a modern, intuitive interface powered by advanced technology, offering faster performance, stronger security, broader compatibility, and greater productivity for contractors in the field and office. Fuel card add-ons: New WEX FSM customers can tap into WEX's fleet management offerings by adding the WEX Fleet card.New Risk • Aug 10New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$665k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Significant insider selling over the past 3 months (US$665k sold).Price Target Changed • Jul 25Price target increased by 8.7% to US$172Up from US$159, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of US$176. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of US$8.38 for next year compared to US$7.59 last year.Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$1.99. Revenue: US$659.6m (down 2.1% from 2Q 2024). Net income: US$68.1m (down 12% from 2Q 2024). Profit margin: 10% (down from 11% in 2Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Diversified Financial industry in the US.お知らせ • Jul 24WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2025WEX Inc. provided earnings guidance for the third quarter and full year 2025. For the quarter, the Company expects revenue in the range of $669 million to $689 million. For the year, the Company expects revenue in the range of $2.61 billion to $2.65 billion.お知らせ • Jul 21WEX Introduces AI-Powered Claims Tool to Simplify FSA ReimbursementsWEX announced the launch of a new intelligent claims tool that helps people get reimbursed from their flexible spending accounts (FSAs) faster and more easily. For HR teams looking to make the FSA reimbursement process easier for their employees, this new AI-powered tool will take the guesswork out of submitting a claim by making sure documentation is complete, accurate, and easy to verify, right at the time of submission. Boasting more than 97% precision in determining the correct reimbursement amount for valid claims during the claims process, this tool will help cut down on busywork by automating key steps like checking receipts, pre-filling claim forms, and quickly approving eligible claims for reimbursement. These new capabilities include: Document verification that alerts consumers in real time if information is missing; Smart form completion that pre-fills key fields to reduce manual errors; Fast claim assessment that can approve eligible documents for claims reimbursement in minutes, not days. This new claims tool tackles the most common reasons for denials, like missing documentation or ineligible expenses and gives users a more predictable, seamless experience from start to finish. Some of these additional benefits include: Faster payouts: Claims that used to take two business days can now process in under two minutes; Greater accuracy: More than 97% precision in determining The correct reimbursement amount for valid claimsduring the claims process; Less work for HR teams: Intelligent automation reduces busywork and manual review; More confidence for employees: Real-time feedback helps ensure claims are complete and accurate the first time. This launch is part of WEX's broader investment in building smarter, more modern tools that scale with the needs of customers and partners. According to the Bureau of Labor Statistics, 72% of state and local government workers and 47% of private-sector employees had access to FSAs in 2024. With usage growing year over year, WEX's new claims tool arrives at a critical time to support both employers and consumers ahead of open enrollment. WEX's AI-powered claims tool is available now for HR administrators, their brokers and consultants looking to enhance their FSA reimbursement process.お知らせ • Jul 11WEX Inc. to Report Q2, 2025 Results on Jul 23, 2025WEX Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025Recent Insider Transactions • Jun 03Chairman of the Board recently bought US$501k worth of stockOn the 29th of May, Melissa Smith bought around 4k shares on-market at roughly US$135 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Melissa's only on-market trade for the last 12 months.お知らせ • May 02Impactive Capital Issues an Open Letter to Shareholders of WEXOn May 2, 2025, Impactive Capital LP announced that it has sent an open letter to shareholders of WEX Inc, stating that it believes that with the right change and improved shareholder alignment, Company can deliver significant value to all stakeholders. Impactive Capital stated that it has privately and constructively engaged with the Board and management for the past four years, and at the end of 2024 and after a period of Company’s performance, it requested that an Impactive representative be added to the Board to bring a much-needed shareholder perspective, and stated that the Company Board and management have seemingly ignored its feedback and refused to act with sufficient urgency to address the ongoing issues at the Company. In addition, Impactive Capital stated that it has determined that it is necessary to vote against 3 incumbent directors Jack VanWoerkom, Melissa Smith, and James Neary, at the 2025 annual meeting of shareholders.New Risk • May 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (US$495k sold).Reported Earnings • May 01First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$1.84 (up from US$1.57 in 1Q 2024). Revenue: US$636.6m (down 2.5% from 1Q 2024). Net income: US$71.5m (up 8.7% from 1Q 2024). Profit margin: 11% (up from 10% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • May 01Wex Inc. Provides Earnings Guidance for Second Quarter and Full Year 2025WEX Inc. provides earnings guidance for second quarter and full year 2025. For the quarter, the company expects revenue in the range of $640 million to $660 million. For the full year, the company now expects revenue in the range of $2.57 billion to $2.63 billion.お知らせ • Apr 11WEX Inc. to Report Q1, 2025 Results on Apr 30, 2025WEX Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025お知らせ • Apr 09WEX Inc., Annual General Meeting, May 15, 2025WEX Inc., Annual General Meeting, May 15, 2025.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$127, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Diversified Financial industry in the US. Total loss to shareholders of 24% over the past three years.Seeking Alpha • Mar 31WEX Inc.: Cheap Despite Tempering Growth ExpectationsSummary Management lowered its long-term revenue growth target to 5%-10% from 8%-12%, while aiming to grow earnings per share by 10%-15%. Shares are currently trading at just over 10 times earnings, representing a large discount to relevant peers. With the tender offer now having expired, and given its high debt load, there may be more downward pressure on the share price. With upside hinging on a reacceleration in organic growth, I am maintaining my Buy rating on the stock. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Mar 20Chairman of the Board exercised options and sold US$3.5m worth of stockOn the 15th of March, Melissa Smith exercised options to acquire 23k shares at no cost and sold these for an average price of US$154 per share. This trade did not impact their existing holding. For the year to December 2018, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Melissa's direct individual holding has increased from 126.09k shares to 154.54k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months.New Risk • Feb 16New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$528k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.Recent Insider Transactions • Feb 16Chief People Officer recently sold US$495k worth of stockOn the 11th of February, Melanie Tinto sold around 3k shares on-market at roughly US$153 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.5m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Feb 12Chief People Officer notifies of intention to sell stockMelanie Tinto intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of February. If the sale is conducted around the recent share price of US$153, it would amount to US$495k. Since March 2024, Melanie's direct individual holding has decreased from 10.03k shares to 8.46k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.Price Target Changed • Feb 07Price target decreased by 12% to US$174Down from US$199, the current price target is an average from 13 analysts. New target price is 15% above last closing price of US$152. Stock is down 28% over the past year. The company is forecast to post earnings per share of US$8.54 for next year compared to US$7.59 last year.Reported Earnings • Feb 06Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$7.59 (up from US$6.23 in FY 2023). Revenue: US$2.63b (up 3.1% from FY 2023). Net income: US$309.6m (up 16% from FY 2023). Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Feb 06WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025WEX Inc. provided earnings guidance for the first quarter and full year 2025. For the first quarter of 2025, the Company expects revenue in the range of $625 million to $640 million. For the full year 2025, the Company expects revenue in the range of $2.60 billion to $2.66 billion.お知らせ • Jan 23WEX Inc. to Report Q4, 2024 Results on Feb 05, 2025WEX Inc. announced that they will report Q4, 2024 results After-Market on Feb 05, 2025Seeking Alpha • Jan 15Wex: Undervalued Despite Modest Growth ExpectationsSummary Shares have sold off following the company’s weak Q3 results and guidance. Lower fuel prices and weaker spending by its commercial customers have contributed to softer revenue growth. Earnings per share growth in FY25 should benefit from modest revenue growth on a stable expense base, along with a much lower share count. With shares attractively valued at just over 10 times earnings, I am inclined to maintain my Buy rating. Read the full article on Seeking Alphaお知らせ • Nov 26WEX Launches Two AI Pilots for Benefits AdministrationWEX announced a partnership with select employers to pilot two new artificial intelligence (AI) enhancements embedded within WEX’s benefits administration platform, My Benefit Express. Timed with open enrollment season and as industry pundits explore how AI can be successfully built for and leveraged within employee benefits, WEX announced the pilot launch of its Benefit Assistant and BeneFITwise Premier capabilities, both of which harness AI to provide employees with personalized and actionable insights that can empower them to make informed decisions about their benefits. WEX’s two new AI functionalities, Benefit Assistant and BeneFITwise Premier, harness data to provide personalized and actionable insights for a number of health-related and financial scenarios. WEX’s Benefit Assistant with GenAI: Participating employers will pilot Benefit Assistant, an AI agent, within WEX’s My Benefit Express to provide interactive support for their teams when it comes to the selection and utilization of health and voluntary benefits. Benefit Assistant can provide personalized support for more than 1,500 benefits-related topics and commonly asked questions, ranging from how to enroll, to changing an address, requesting an insurance card, or adding a dependent. This is intended to empower employees to make informed decisions, reduce the number of inquiries directed to HR departments, and free up valuable time and resources for more strategic initiatives. Employees interact with Benefit Assistant via a familiar interface. Behind the interface, generative AI technology provides personalized assistance with tasks such as understanding plan details, adding dependents, and navigating life events like marriage or the birth of a child. Human-like interactions without complex jargon can help employees navigate the complexities of their benefits with ease, empowering them to make informed decisions without burdening HR teams. WEX’s AI-Powered BeneFITwise Premier: Also part of the pilot, BeneFITwise Premier – a decision-support tool offered by WEX – leverages AI to analyze individualized health claims data to provide personalized, year-round financial information and actionable insights to help employees maximize the value of their benefits within WEX’s My Benefit Express benefit administration platform. BeneFITwise Premier goes beyond traditional benefits management by offering a comprehensive, data-driven solution that simplifies the decision-making process for employees, helping them select the right plans based on their unique healthcare needs and financial situations absent consultation with their company’s HR department. This feature proactively engages employees throughout the year, providing targeted communications that enhance overall benefits utilization and satisfaction, while hopefully helping to drive better employee retention and alleviating some of the engagement burden from internal HR teams. Features will be available 24/7 to employees included under the pilots.お知らせ • Nov 21WEX Unveils New Digital Solution to Enhance and Expand Medicare Advantage PlatformWEX announced the release of the WEX Medicare Advantage marketplace, a new digital shopping solution embedded within the member experience of its Medicare Advantage supplemental benefits platform. This expands the brick-and-mortar merchant network that Medicare Advantage members already have access to with an enhanced online shopping experience that allows members to purchase eligible over-the-counter (OTC) products and grocery items within WEX’s integrated member portal. WEX’s Medicare Advantage marketplace allows members to shop the way they choose – whether that’s online or in a physical retail location. The launch of the WEX Medicare Advantage marketplace underscores the company’s commitment to making it easier for members to understand and access their benefits, including how and where they shop. It also provides health plan partners with meaningful data insights and the security and scale of WEX’s platform technology. Health plans that partner with WEX can use the Medicare Advantage marketplace solution to increase product access and service for members in rural areas, members who prefer a digital experience, and members who need the option of an in-home shopping experience. The solution is customizable by plan type, offers free and rapid shipping for a variety of OTC products and grocery items (including prepared meals, fresh foods, and shelf-stable goods), as well as call center support for order fulfillment and related member questions.Seeking Alpha • Oct 29WEX: AI, Data Management, And M&A Could Imply UndervaluationSummary WEX Inc. is a leading commercial payment company with significant growth potential in the EV, AI, and data management markets, supported by strategic acquisitions and technological advancements. The company's initiatives, including cloud migration, DriverDash Mobile App, and acquisitions of Ascensus and Payzer, are expected to enhance future financial performance and cash flow. WEX's access to low-cost capital through WEX Bank and its strategic investments in AI and energy transition position it for long-term growth. Despite the current market valuation, my DCF model suggests a fair price of $258 per share, indicating that WEX is undervalued and presents a strong investment opportunity. Read the full article on Seeking AlphaPrice Target Changed • Oct 27Price target decreased by 7.2% to US$211Down from US$227, the current price target is an average from 14 analysts. New target price is 18% above last closing price of US$179. Stock is up 9.5% over the past year. The company is forecast to post earnings per share of US$7.95 for next year compared to US$6.23 last year.Reported Earnings • Oct 24Second quarter 2024 earnings released: EPS: US$1.85 (vs US$2.22 in 2Q 2023)Second quarter 2024 results: EPS: US$1.85 (down from US$2.22 in 2Q 2023). Revenue: US$673.5m (up 8.4% from 2Q 2023). Net income: US$77.0m (down 19% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 24Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$181, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Diversified Financial industry in the US. Total returns to shareholders of 13% over the past three years.お知らせ • Oct 24WEX Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024WEX Inc. provided earnings guidance for the fourth quarter and full year of 2024. For the quarter, the company expects revenue to be in the range of $630 million to $640 million. For the full year, the company expects revenue to be in the range of $2.62 billion to $2.63 billion.お知らせ • Oct 10WEX Inc. to Report Q3, 2024 Results on Oct 24, 2024WEX Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024新しいナラティブ • Aug 27Innovative EV Solutions And AI Drive Optimistic Growth Despite Market Challenges Expansion into new markets and the development of apps like 10-4 BY WEX and PACER aim to meet unmet needs and enter new customer segments.Reported Earnings • Jul 26Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: US$1.85 (down from US$2.22 in 2Q 2023). Revenue: US$673.5m (up 8.4% from 2Q 2023). Net income: US$77.0m (down 19% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Jul 26WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal Year 2024WEX Inc. provided earnings guidance for the third quarter and full year of fiscal year 2024. For the third quarter of 2024, the company expects revenue in the range of $688 million to $698 million. For the full year 2024, the company now expects revenue in the range of $2.68 billion to $2.72 billion.お知らせ • Jul 12WEX Inc. to Report Q2, 2024 Results on Jul 25, 2024WEX Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Independent Director Aimee Cardwell was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 06WEX Inc. Announces Executive ChangesWEX Inc. announced that Sara Trickett, current Acting General Counsel and Assistant Corporate Secretary at WEX, has been appointed Chief Legal Officer and Corporate Secretary, effective June 4, 2024. Trickett succeeds Hilary Rapkin, who is retiring as Chief Legal Officer and Corporate Secretary of WEX. To support an orderly transition, Rapkin will remain with the Company in an executive advisor role until March 3, 2025. Trickett, who will report to Smith, joined WEX in 2021 and has served in various leadership roles at the Company, including Deputy General Counsel and Vice President, Corporate Legal Services. Most recently, she served as Acting General Counsel. Prior to WEX, she held other senior legal roles at Visa and Latham & Watkins. She holds a J.D. and LL.M. from Duke University School of Law and a B.S. in Science, Technology, and International Affairs from Georgetown University. Since Rapkin joined WEX in 1996, she has played a pivotal role in the Company’s expansion into a publicly traded global payments company that reported approximately $2.55 billion in 2023 full-year revenue. In addition to serving as Chief Legal Officer, Rapkin also held other senior leadership roles, including Interim Chief Human Resources Officer and SVP, General Counsel. She has also been a champion for and supporter of WEX and its communities during her tenure, including leading the WEX Compassion Fund and establishing and serving as the executive sponsor of the Women of WEX employee resource group.お知らせ • Apr 26+ 1 more updateWEX Inc. Revises Earnings Guidance for the Full Year 2024WEX Inc. revised earnings guidance for the full year 2024. For the full year 2024, the Company expects revenue in the range of $2.73 billion to $2.77 billion up from the prior guidance range of $2.70 billion to $2.74 billion.Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$1.57 (vs US$1.58 in 1Q 2023)First quarter 2024 results: EPS: US$1.57 (down from US$1.58 in 1Q 2023). Revenue: US$652.7m (up 6.7% from 1Q 2023). Net income: US$65.8m (down 3.2% from 1Q 2023). Profit margin: 10% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Apr 16WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging ProductsWEX announced the general availability of WEX EV At-Home in the United States, an innovative, cutting edge solution that automates reporting and reimbursement for any organization with electric vehicles (EVs) that employees bring to their personal residence to charge overnight, the most cost effective way to charge. When coupled with WEX's other commercial fleet innovations, including WEX En Route, business can seamlessly integrate mixed fleets of electric and traditionally fueled vehicles, supporting a balance of innovation, operational reliability, and efficiency at any stage of a company's transition to EVs. Today's announcement signifies the general availability of WEX's en route charging and at-home reimbursement capabilities and bolsters WEX's market-leading role in closing the commercial EV adoption gap. WEX's DriverDash app and RFID are accepted across the U.S. at ChargePoint-branded EV chargers and at ChargePoint's roaming partner brands: EVConnect, EVGo, FLO, with additional accepting merchants expected in the coming months. These advancements enable large enterprises and small businesses to incorporate EVs into their commercial fleets alongside existing traditionally fueled vehicles, illustrating WEX's strategic commitment to closing the commercial EV adoption gap by integrating EV functionality into existing products and - empowering organizations to manage EVs alongside traditional internal combustion engine (ICE) vehicles fueled with gasoline, as part of a mixed fleet.お知らせ • Apr 11WEX Inc. to Report Q1, 2024 Results on Apr 25, 2024WEX Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024Recent Insider Transactions Derivative • Mar 21Chairman of the Board exercised options and sold US$4.1m worth of stockOn the 15th of March, Melissa Smith exercised options to acquire 17k shares at no cost and sold these for an average price of US$234 per share. This trade did not impact their existing holding. For the year to December 2017, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Melissa's direct individual holding has increased from 94.93k shares to 104.23k. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 23Chief Legal Officer & Secretary recently sold US$931k worth of stockOn the 16th of February, Hilary Rapkin sold around 4k shares on-market at roughly US$223 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Feb 19Chairman of the Board notifies of intention to sell stockMelissa Smith intends to sell 13k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of February. If the sale is conducted around the recent share price of US$222, it would amount to US$2.9m. For the year to December 2017, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Melissa's direct individual holding has increased from 94.93k shares to 105.35k. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Feb 09Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$6.23 (up from US$4.54 in FY 2022). Revenue: US$2.55b (up 8.4% from FY 2022). Net income: US$266.6m (up 32% from FY 2022). Profit margin: 11% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.業績と収益の成長予測NYSE:WEX - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283,0294759151,005612/31/20272,9184568208761412/31/20262,851416581937143/31/20262,698310401605N/A12/31/20252,661304241454N/A9/30/20252,625284643798N/A6/30/20252,598307269425N/A3/31/20252,612315-12153N/A12/31/20242,628310329481N/A9/30/20242,655331449605N/A6/30/20242,641246491648N/A3/31/20242,589264581728N/A12/31/20232,548267760908N/A9/30/20232,503270575719N/A6/30/20232,4682089601,100N/A3/31/20232,445181748875N/A12/31/20222,351201563679N/A9/30/20222,229101-3574N/A6/30/20222,096193-337-242N/A3/31/20221,95791-866N/A12/31/20211,8510-129-43N/A9/30/20211,745-222-472N/A6/30/20211,645-336-679N/A3/31/20211,532-230221300N/A12/31/20201,553-244656737N/A9/30/20201,597451,1491,232N/A6/30/20201,6701251,2141,310N/A3/31/20201,76167838933N/A12/31/20191,70899N/A663N/A9/30/20191,65366N/A418N/A6/30/20191,584108N/A546N/A3/31/20191,517132N/A383N/A12/31/20181,493168N/A400N/A9/30/20181,441227N/A368N/A6/30/20181,378204N/A161N/A3/31/20181,311183N/A284N/A12/31/20171,249160N/A135N/A9/30/20171,21086N/A-115N/A6/30/20171,17471N/A-186N/A3/31/20171,10467N/A-298N/A12/31/20161,01223N/A-141N/A9/30/201694076N/A117N/A6/30/201687989N/A335N/A3/31/2016858103N/A360N/A12/31/2015855102N/A445N/A9/30/2015854129N/A547N/A6/30/2015850171N/A523N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: WEXの予測収益成長率 (年間15.6% ) は 貯蓄率 ( 3.5% ) を上回っています。収益対市場: WEXの収益 ( 15.6% ) US市場 ( 16.6% ) よりも低い成長が予測されています。高成長収益: WEXの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: WEXの収益 ( 4% ) US市場 ( 11.5% ) よりも低い成長が予測されています。高い収益成長: WEXの収益 ( 4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: WEXの 自己資本利益率 は、3年後には高くなると予測されています ( 36.7 %)成長企業の発掘7D1Y7D1Y7D1YDiversified-financials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 07:22終値2026/05/07 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋WEX Inc. 14 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。32 アナリスト機関David KoningBairdRamsey El-AssalBarclaysGary PrestopinoBarrington Research Associates, Inc.29 その他のアナリストを表示
お知らせ • Apr 23+ 1 more updateWex Inc. Raises Earnings Guidance for the Fiscal Year 2026WEX Inc. raised earnings guidance for the fiscal year 2026. For the period, the Company expects revenue in the range of $2.82 billion to $2.88 billion.
お知らせ • Feb 05Wex Inc. Provides Earnings Guidance for the First Quarter and Full Year 2026WEX Inc. provided earnings guidance for the first quarter and full year 2026. For the first quarter of 2026, the Company expects revenue in the range of $650 million to $670 million. For the full year 2026, the Company expects revenue in the range of $2.70 billion to $2.76 billion.
お知らせ • Oct 30+ 2 more updatesWEX Inc. Provides Earnings Guidance for the Fourth Quarter of 2025WEX Inc. provided earnings guidance for the fourth quarter of 2025. For the fourth quarter of 2025, the Company expects revenue in the range of $646 million to $666 million. The company’s guidance is based on the following assumptions: U.S. retail fuel prices of $3.09 and $3.27 per gallon, respectively, for the fourth quarter and full year 2025 based on the applicable NYMEX futures price from the week of October 20, 2025. Adjusted net income tax rate of 25.0% for both the fourth quarter and full year. Mobility credit losses will range from 14 to 19 basis points for the fourth quarter and 13 to 14 basis points for the full year. Weighted average diluted shares outstanding of 34.9 million and 35.9 million for the fourth quarter and the full year, respectively.
Price Target Changed • Jul 25Price target increased by 8.7% to US$172Up from US$159, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of US$176. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of US$8.38 for next year compared to US$7.59 last year.
お知らせ • Jul 24WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2025WEX Inc. provided earnings guidance for the third quarter and full year 2025. For the quarter, the Company expects revenue in the range of $669 million to $689 million. For the year, the Company expects revenue in the range of $2.61 billion to $2.65 billion.
お知らせ • May 01Wex Inc. Provides Earnings Guidance for Second Quarter and Full Year 2025WEX Inc. provides earnings guidance for second quarter and full year 2025. For the quarter, the company expects revenue in the range of $640 million to $660 million. For the full year, the company now expects revenue in the range of $2.57 billion to $2.63 billion.
ライブニュース • May 05WEX Adds Independent Directors and Expands EV Charging for FleetsWEX has reached a cooperation agreement with activist investor Impactive Capital, adding three Impactive-nominated independent directors to an expanded 11-member board at the 2026 annual meeting. As part of the settlement, WEX will separate the Chair and CEO roles, with Melissa Smith continuing as CEO and President but stepping down as Chair. WEX has integrated the Chargefox public EV charging network into its Motorpass platform in Australia, allowing mixed fleets to manage fuel and EV charging through a single system. For you as an investor, the Impactive agreement signals a shift in how WEX’s board is structured and supervised. The addition of three new independent directors, together with the split between Chair and CEO, increases independent oversight after proxy advisors cited governance concerns and what they described as sustained underperformance. Impactive’s ongoing ability to designate replacements under certain ownership conditions keeps shareholder influence present in the boardroom. On the operating side, the Motorpass integration with Chargefox illustrates how WEX is trying to stay relevant for fleets that are moving toward lower-emission vehicles. Providing fleet managers with one platform for both fuel and EV charging can simplify cost tracking and policy control, especially for mixed fleets that are still running combustion engines alongside EVs. Taken together, these governance and product developments give you more to monitor in terms of how WEX’s leadership responds to shareholder pressure and how its fleet payments offering aligns with real-world customer needs.
ナラティブ更新 • May 02WEX: Margin Execution And Governance Changes Will Drive Future Upside PotentialAnalysts have nudged their blended price target for WEX higher by roughly $10 to about $220, reflecting updated views on fair value, discount rates, profit margins and future P/E multiples after a mix of recent target increases and reductions across the Street. Analyst Commentary Recent research has centered on where WEX should trade relative to its earnings power, with several bullish analysts adjusting price targets higher by single digit to low double digit dollar amounts.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$155, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Diversified Financial industry in the US. Total loss to shareholders of 7.5% over the past three years.
Reported Earnings • Apr 23First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: US$2.25 (up from US$1.84 in 1Q 2025). Revenue: US$673.8m (up 5.8% from 1Q 2025). Net income: US$77.7m (up 8.7% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Apr 23+ 1 more updateWex Inc. Raises Earnings Guidance for the Fiscal Year 2026WEX Inc. raised earnings guidance for the fiscal year 2026. For the period, the Company expects revenue in the range of $2.82 billion to $2.88 billion.
お知らせ • Apr 21Impactive Capital Issues Supplemental Investor Presentation to Shareholders of WEXOn April 20, 2026, Impactive Capital Master Fund LP issued supplemental investor presentation in connection with WEX Inc.’s 2026 annual meeting of stockholders.
ナラティブ更新 • Apr 18WEX: Reset Expectations And Governance Debate Will Shape Balanced Future ReturnsThe updated analyst price target for WEX increases to $176.89 from $172.67, as analysts factor in a slightly higher modeled fair value supported by modest adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research on WEX reflects a mix of optimism and caution, with several firms adjusting price targets and one new initiation indicating that expectations have been reset.
お知らせ • Apr 14Impactive Capital Releases Investor Presentation Outlining the Case for Change at WEXOn April 14, 2026, Impactive Capital, LP announced that it has released an investor presentation outlining the case for boardroom change following years of sustained underperformance, value-destructive M&A, and poor corporate governance at the Company, and Impactive Capital presentation highlighted its qualified nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe can bring relevant experience and a strong ownership mindset to help position Company to realize its full value potential. In addition, Impactive Capital emphasizes the need for fresh, shareholder-aligned perspectives in the boardroom to address prolonged operational underperformance, poor capital allocation and governance shortcomings, and urged the shareholders to help restore accountability and unlock value by electing its nominees to the Company Board.
お知らせ • Apr 13Impactive Capital Provides Information to Shareholders of WEXOn April 13, 2026, Impactive Capital LP, announced that it has sent a letter to Shareholders of WEX Inc., asked to support its 3 director nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe, citing years of underperformance, weak capital allocation, and outsized CEO pay, urged shareholders replace Nancy Altobello, Melissa Smith, and Stephen Smith, with its director nominees and called for replacing the current board chair, Melissa Smith, at the annual meeting of shareholders scheduled to be held on May 5, 2026. In addition, Impactive Capital highlighted Company's negative shareholder return since Smith became chair, lagging competitors and the S&P MidCap 400, criticized the Mobility segment's performance, and noted the board's failure to consider asset divestitures. Further, Impactive Capital pointed out Smith's $85 million compensation amid a $3.4 billion drop in market capitalization, and argued its nominees bring needed skills. Furthermore, Impactive Capital Stated that the Company opposed its nominees, citing concerns about Wolfe, and offered to appoint 2 nominees to an expanded board, which Impactive rejected.
お知らせ • Apr 12Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Board Change at WEXOn April 10, 2026, Impactive Capital, LP announced that it has filed definitive proxy materials in connection with WEX Inc.’s annual meeting of stockholders, which is currently scheduled for May 5, 2026. Additionally, Impactive Capital sent a letter to shareholders detailing how the Company Board of Directors has failed to respond to clear investor discontent, neglected to exercise adequate oversight of management, and taken desperate steps to entrench itself. In its letter, Impactive Capital highlights that nominees Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe bring critical industry experience and ownership mentality needed to improve oversight, drive operational performance and enhance capital allocation.
お知らせ • Apr 09WEX Inc. to Report Q1, 2026 Results on Apr 22, 2026WEX Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026
お知らせ • Apr 07WEX Inc., Annual General Meeting, May 05, 2026WEX Inc., Annual General Meeting, May 05, 2026.
ナラティブ更新 • Apr 04WEX: Reset Expectations And Execution On Margins Will Drive Future UpsideAnalysts have adjusted the WEX price target slightly higher to $210, reflecting updated views on revenue growth, profit margins, and future P/E expectations following recent target changes across several firms. Analyst Commentary Recent Street research on WEX reflects a mix of opinion, with some firms trimming price targets and others lifting them or starting coverage with a neutral stance.
お知らせ • Mar 25WEX Inc. Introduces Specialized Health Reimbursement Arrangement For GLP-1 Weight-Loss MedicationsWEX Inc. announced the launch of a Health Reimbursement Arrangement (HRA) designed to help employers manage the surging demand and escalating costs of GLP-1 medications. WEX’s specialized solution enables organizations to carve out GLP-1 coverage into a defined-contribution HRA. This puts the power back to the employer amidst shifting economic conditions by helping protect the organization’s core medical plan from unpredictable utilization and premium inflation. By customizing everything from funding to reimbursement rules, employers gain clarity and control over pricing, while ensuring their employees have a reliable safety net for their health journeys. Once considered a niche treatment for diabetes, GLP-1 medications are now demanding a shift in how employers approach holistic health and wellness in the workplace, as nearly 34 million Americans now medically qualify for these weight-management drugs. While research shows that one-in-five (19%) organizations with 200+ workers covered GLP-1 drugs in 2025, the explosion in popularity has created a fiscal dilemma for many on the fence: absorb skyrocketing premiums to cover the medications or cut them entirely. By leveraging proven HRA infrastructure and reimbursement capabilities, WEX enables plan sponsors to shift away from open-ended benefit exposure toward a model where GLP-1 access is offered with clear funding parameters and controlled costs. Key features and benefits of this new solution include: Flexible Access for Employees: Instead of navigating high out-of-pocket costs alone, funds can be utilized across pharmacies, manufacturer-direct programs, or alternative channels. Strategic Advantage for Employers: By combining scale and compliance expertise into a single, intelligent engine, WEX is able to power the full spectrum of benefits and payments across one secure infrastructure. Without the burden of manual administration, HR teams gain peace of mind, and the ability to remain focused on high-level strategy. WEX Payment Rails: Utilizing WEX’s proprietary technology, the HRA offering ensures that every dollar spent is aligned with the employer’s specific eligibility rules, while providing a seamless reimbursement experience. The WEX GLP-1 HRA is available now for employers, partners, brokers, and consultants looking to modernize their weight-management benefit strategy.
ナラティブ更新 • Mar 21WEX: Reset Expectations And EV Initiatives Will Shape Balanced Future ReturnsNarrative Update on WEX The average analyst price target for WEX has edged slightly lower by about $1, as firms fine tune their views following a mix of modest target raises and larger cuts that reflect updated assumptions for growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on WEX reflects a split view, with some analysts tightening their targets slightly higher and others trimming them by a wider margin as they recalibrate growth, margin and P/E assumptions.
Recent Insider Transactions Derivative • Mar 19Chairman of the Board exercised options and sold US$3.0m worth of stockOn the 15th of March, Melissa Smith exercised options to acquire 19k shares at no cost and sold these for an average price of US$160 per share. This trade did not impact their existing holding. For the year to December 2019, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Melissa's direct individual holding has increased from 154.54k shares to 188.07k. Company insiders have collectively sold US$4.6m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブ更新 • Mar 06WEX: Expectations Reset And EV Payment Initiatives Will Support Future UpsideThe analyst price target for WEX has increased by $2, reflecting updated views on discount rates, revenue growth, and profit margins as analysts reassess what they consider an appropriate reset in expectations. Analyst Commentary Recent Street research on WEX shows a mix of views, with some firms trimming price targets and others nudging them higher as they revisit assumptions on growth, margins, and risk.
Recent Insider Transactions • Feb 26Chief Operating Officer of Benefits recently sold US$486k worth of stockOn the 24th of February, Robert Deshaies sold around 3k shares on-market at roughly US$150 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.1m more than they sold in the last 12 months.
Recent Insider Transactions Derivative • Feb 25Chief Operating Officer of Benefits notifies of intention to sell stockRobert Deshaies intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of February. If the sale is conducted around the recent share price of US$150, it would amount to US$486k. Since March 2025, Robert's direct individual holding has decreased from 17.21k shares to 15.70k. Company insiders have collectively sold US$7.1m more than they bought, via options and on-market transactions in the last 12 months.
New Risk • Feb 20New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$477k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
ナラティブ更新 • Feb 20WEX: EV Payments And Expectations Reset Will Support Future Upside PotentialThe analyst price target for WEX has edged down by roughly $1 to $209.48. This reflects updated assumptions on discount rate, revenue growth, profit margins, and future P/E that analysts see as better aligned with recent research commentary.
Seeking Alpha • Feb 13WEX Inc.: Undervalued, But Losing Strategic GroundSummary WEX is rated Hold, with value appeal but concerns over strategic positioning versus Corpay. Recent growth was sluggish, mainly due to Mobility segment weakness and client loss, though Q4 showed improvement. WEX's aggressive buybacks (13% of shares this year) contrast with Corpay's focus on Corporate Payments expansion. Mobility remains half of revenue and is structurally less attractive; Corporate Payments growth is needed for long-term quality. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$166, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Diversified Financial industry in the US. Total loss to shareholders of 17% over the past three years.
ナラティブ更新 • Feb 06WEX: Reset Expectations And EV Expansion Will Support Future Earnings PowerAnalysts have trimmed their price expectations for WEX, reflected in a lower fair value estimate from about US$176.89 to US$173.60, as they factor in more moderate revenue growth, a narrower profit margin outlook, and a higher future P/E multiple following recent neutral and Equal Weight research views. Analyst Commentary Recent research coverage has taken a measured stance on WEX, with analysts signaling that expectations are now more in line with the company’s current execution and growth outlook.
Reported Earnings • Feb 05Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$8.57. Revenue: US$2.66b (up 1.2% from FY 2024). Net income: US$304.1m (down 1.8% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Diversified Financial industry in the US.
お知らせ • Feb 05Wex Inc. Provides Earnings Guidance for the First Quarter and Full Year 2026WEX Inc. provided earnings guidance for the first quarter and full year 2026. For the first quarter of 2026, the Company expects revenue in the range of $650 million to $670 million. For the full year 2026, the Company expects revenue in the range of $2.70 billion to $2.76 billion.
お知らせ • Jan 27WEX Introduces Fleet Card With EV Payment CapabilitiesWEX introduced WEX Fleet card now with EV payment capabilities, giving fleet customers a single way to pay for both traditional fuel and public electric vehicle (EV) charging. WEX is the first fuel card provider to incorporate fueling and EV charging into one card, one account, and one invoice across its proprietary closed-loop fuel network. The new WEX Fleet card now with EV payment capabilities gives fleet customers a single way to pay for both traditional fuel and public electric vehicle (EV) charging. WEX is the first fuel card provider to incorporate fueling and EV charging into one card, one account, and one invoice across its proprietary closed-loop fuel network. The new offering allows all data and payments to flow to one simple, secure system, whether a driver is plugging in at one of over 175,000 WEX-accepting public charging ports or fueling up at over 90% of U.S. gas stations that accept WEX cards. As fleets integrate a mix of electric or fuel-powered vehicles, many face fragmented payment systems, multiple cards or apps, and complex reconciliation. The WEX Fleet card now with EV payment capabilities helps reduce administrative burden while delivering a more seamless and unified experience for both drivers and operators. In addition, fleet managers retain unified reporting, purchase controls via the DriverDash app, and one credit line for all transaction data for fueling and charging. The upgraded card embeds RFID technology directly into the standard WEX Fleet card, eliminating the need for a separate EV charging card or mobile app to activate and pay for a charging session. This allows for a single card and account structure to support internal combustion engine (ICE) vehicles, hybrids, and EVs. Powered by WEX’s proprietary closed-loop fleet network, rather than open-loop, general-purpose card networks, this approach gives customers end-to-end control of transactions, enabling richer data, stronger security, and fleet-specific purchase controls that support electrification without disrupting existing fueling workflows. Key benefits of the WEX Fleet card now with EV payment capabilities include one card, one account, one invoice: fuel and EV charging all tied to a single card and credit line; embedded tap-to-charge capability: drivers use the same card for all fueling scenarios – no separate RFID required; consolidated reporting and controls: fleet managers get unified visibility into fueling and charging activity with existing purchase controls; easy activation: EV charging capabilities can be enabled immediately or rolled in during the next scheduled renewal. The WEX Fleet card now with EV payment capabilities reflects WEX’s ongoing effort to simplify operations and support the evolving needs of mixed-energy fleets. With real-time charger availability, remote initiation, and detailed transaction insights already part of WEX’s En Route EV suite, fleets can more easily manage the shift to electrification. The WEX Fleet card now with EV payment capabilities is available for eligible fleet customers. Existing EV enabled customers can request updated cards directly through the WEX online customer portal by clicking “Enable EV” on any existing fuel card, by clicking “Enable EV” when ordering new fuel cards, or receive them automatically during their next regular card-renewal cycle.
ナラティブ更新 • Jan 23WEX: Benefits And EV Platform Integrations Will Support Future Upside PotentialAnalysts kept their price target for WEX steady at $210.00, pointing to only minor model tweaks in the discount rate, revenue growth, profit margin, and forward P/E assumptions rather than a shift in their overall view of the stock. What's in the News Health-E Commerce, parent of FSA Store and HSA Store, is collaborating with WEX to integrate its tax-advantaged shopping platforms directly into the WEX benefits portal, aiming to simplify FSA and HSA spending and reduce account holder confusion (Key Developments).
お知らせ • Jan 22WEX Inc. to Report Q4, 2025 Results on Feb 04, 2026WEX Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 04, 2026
お知らせ • Jan 13WEX Inc. Announces Board ChangesWEX Inc. announced changes to the composition and leadership of the Company’s Board of Directors (the “Board”) to further enhance the effectiveness of the Board’s oversight. For several years, the Board has been developing and executing a plan to support thoughtful renewal and an orderly transition of independent director leadership, helping to ensure the Board remains well positioned to oversee emerging risks and capitalize on the Company’s many opportunities to create long-term value. Reflecting input received through ongoing engagement with stockholders, the Board is advancing the next phase of its planned evolution. Pursuant to this plan, David Foss, former President and Chief Executive Officer of Jack Henry & Associates, will assume the role of Vice Chair and Lead Independent Director, effective as of the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”). In addition, Shikhar Ghosh and Jack VanWoerkom will retire from the Board, effective as of the Annual Meeting. Following the Annual Meeting, the Board will be comprised of ten members.
ナラティブ更新 • Jan 08WEX: Future Profitability Assumptions Will Drive Upside From Current LevelsNarrative Update on WEX The analyst price target for WEX has shifted from about $198.46 to $210.00. Analysts attribute this change to updated assumptions related to higher revenue growth, stronger profit margins, and a lower future P/E multiple.
Recent Insider Transactions Derivative • Dec 18Chief Technology Officer exercised options and sold US$332k worth of stockOn the 15th of December, Sachin Dhawan exercised options to acquire 2k shares at no cost and sold these for an average price of US$154 per share. This trade did not impact their existing holding. Since March 2025, Sachin has owned 3.87k shares directly. Company insiders have collectively sold US$7.2m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブ更新 • Dec 15WEX: Expanded Charging Access Will Support Stronger Long Term Earnings PowerAnalysts have modestly raised their price target on WEX to reflect a slightly lower perceived risk profile, along with stable long term growth and profitability assumptions, while fair value estimates remain steady around $176.89 per share. What's in the News WEX integrated its platform with the Tesla Supercharger network, adding over 20,000 fast-charging points at more than 1,500 locations across Europe to expand high power EV charging access for fleet customers (Client Announcements).
ナラティブ更新 • Dec 01WEX: Expanding Charging Network Integration Will Drive Stronger Revenue OutlookAnalysts have slightly revised their price target for WEX from $177.44 to $176.89. This reflects minor adjustments to company forecasts and ongoing reviews of fundamental trends.
ナラティブ更新 • Nov 17WEX: Revenue Guidance Increases And New Partnerships Will Drive Further UpsideAnalysts have slightly lowered their price target for WEX, adjusting it from $178 to approximately $177.44. They cite modest shifts in revenue growth expectations and profitability margins as the reason for this change.
お知らせ • Nov 04Wex Inc. Announces Executive ChangesWEX Inc. announced the appointment of Sandy Kuohn as its Chief People Officer (CPO). In this role, Kuohn will lead WEX’s global people strategy, aligning talent, culture, and organizational capabilities to advance the company’s strategy and focus on disciplined growth. Sara Trickett, who served as interim CPO, will continue in her role as Chief Legal Officer and Corporate Secretary. Kuohn is an accomplished global human resources executive with a proven record of scaling organizations and building programs that enable high-performing cultures. Her leadership will help WEX continue simplifying how it works, empowering its teams with the clarity, tools, and development needed to deliver for customers and drive sustainable performance. Prior to joining WEX, Kuohn served as Chief Human Resources Officer at City National Bank, a subsidiary of the Royal Bank of Canada, where she led a comprehensive transformation of the HR organization. Earlier in her career, she held a series of senior HR leadership roles at Huntington Bancshares Inc. and its acquired institutions, and also held leadership and consulting positions at Urban Science, SDK Consulting, Electro Wire Products, and Andersen Consulting. Kuohn holds a Bachelor of Arts in Finance from Michigan State University and serves on the Board of Trustees for Ronald McDonald House Charities of Southern California.
ナラティブ更新 • Nov 01WEX: Expanded Payment Partnerships And Higher Margins Will Drive Future GainsAnalysts have lowered their price target for WEX from $184.56 to $178.00, citing slightly softer revenue projections. However, this is balanced by stronger expected profit margins and a lower forward price-to-earnings ratio.
Reported Earnings • Oct 31Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: US$2.33 (down from US$2.55 in 3Q 2024). Revenue: US$691.7m (up 3.9% from 3Q 2024). Net income: US$80.3m (down 22% from 3Q 2024). Profit margin: 12% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Oct 30+ 2 more updatesWEX Inc. Provides Earnings Guidance for the Fourth Quarter of 2025WEX Inc. provided earnings guidance for the fourth quarter of 2025. For the fourth quarter of 2025, the Company expects revenue in the range of $646 million to $666 million. The company’s guidance is based on the following assumptions: U.S. retail fuel prices of $3.09 and $3.27 per gallon, respectively, for the fourth quarter and full year 2025 based on the applicable NYMEX futures price from the week of October 20, 2025. Adjusted net income tax rate of 25.0% for both the fourth quarter and full year. Mobility credit losses will range from 14 to 19 basis points for the fourth quarter and 13 to 14 basis points for the full year. Weighted average diluted shares outstanding of 34.9 million and 35.9 million for the fourth quarter and the full year, respectively.
お知らせ • Oct 17WEX Inc. to Report Q3, 2025 Results on Oct 29, 2025WEX Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025
お知らせ • Sep 18Wex Announces the Rebrand of Payzerware to Wex Field Service ManagementWEX announced the rebrand of Payzerware to WEX Field Service Management (WEX FSM). The enhanced software solution, designed for the trades, helps contractors save time, cut costs, and scale with confidence by consolidating operations into an all-in-one simple solution. Existing Payzerware customers now gain the reliability of a global leader combined with purpose-built tools, integrations, and specialized partners that make it easier to manage their operations. WEX FSM, which already serves more than 35,000 contractors, provides access to critical tools needed to run their business every day. In addition to core features like scheduling, dispatching, invoicing, and payments, WEX FSM now brings the value of the WEX Fleet Card, includes Advanced Reporting, and gives access to GoodLeap's flexible financing options and Enhanced Pricebooks, powered by Pricebook Digital™?, within the new WEX FSM mobile app. These options will be built into the process, giving contractors more flexibility, making it easier to close deals in the field. The new WEX FSM app, which includes all the features of the existing platform, will also be available on September 18. WEX FSM also includes access to dedicated support teams, providing knowledgeable and responsive service, backed by 40 years of WEX industry expertise. WEX FSM can help contractors run their business from the field to back-office with its easy-to-use solutions: Enhanced business intelligence: Make informed decisions with insights from advanced reporting. New and improved mobile app: The new WEX F SM app delivers a modern, intuitive interface powered by advanced technology, offering faster performance, stronger security, broader compatibility, and greater productivity for contractors in the field and office. Fuel card add-ons: New WEX FSM customers can tap into WEX's fleet management offerings by adding the WEX Fleet card.
New Risk • Aug 10New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$665k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Significant insider selling over the past 3 months (US$665k sold).
Price Target Changed • Jul 25Price target increased by 8.7% to US$172Up from US$159, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of US$176. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of US$8.38 for next year compared to US$7.59 last year.
Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$1.99. Revenue: US$659.6m (down 2.1% from 2Q 2024). Net income: US$68.1m (down 12% from 2Q 2024). Profit margin: 10% (down from 11% in 2Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Diversified Financial industry in the US.
お知らせ • Jul 24WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2025WEX Inc. provided earnings guidance for the third quarter and full year 2025. For the quarter, the Company expects revenue in the range of $669 million to $689 million. For the year, the Company expects revenue in the range of $2.61 billion to $2.65 billion.
お知らせ • Jul 21WEX Introduces AI-Powered Claims Tool to Simplify FSA ReimbursementsWEX announced the launch of a new intelligent claims tool that helps people get reimbursed from their flexible spending accounts (FSAs) faster and more easily. For HR teams looking to make the FSA reimbursement process easier for their employees, this new AI-powered tool will take the guesswork out of submitting a claim by making sure documentation is complete, accurate, and easy to verify, right at the time of submission. Boasting more than 97% precision in determining the correct reimbursement amount for valid claims during the claims process, this tool will help cut down on busywork by automating key steps like checking receipts, pre-filling claim forms, and quickly approving eligible claims for reimbursement. These new capabilities include: Document verification that alerts consumers in real time if information is missing; Smart form completion that pre-fills key fields to reduce manual errors; Fast claim assessment that can approve eligible documents for claims reimbursement in minutes, not days. This new claims tool tackles the most common reasons for denials, like missing documentation or ineligible expenses and gives users a more predictable, seamless experience from start to finish. Some of these additional benefits include: Faster payouts: Claims that used to take two business days can now process in under two minutes; Greater accuracy: More than 97% precision in determining The correct reimbursement amount for valid claimsduring the claims process; Less work for HR teams: Intelligent automation reduces busywork and manual review; More confidence for employees: Real-time feedback helps ensure claims are complete and accurate the first time. This launch is part of WEX's broader investment in building smarter, more modern tools that scale with the needs of customers and partners. According to the Bureau of Labor Statistics, 72% of state and local government workers and 47% of private-sector employees had access to FSAs in 2024. With usage growing year over year, WEX's new claims tool arrives at a critical time to support both employers and consumers ahead of open enrollment. WEX's AI-powered claims tool is available now for HR administrators, their brokers and consultants looking to enhance their FSA reimbursement process.
お知らせ • Jul 11WEX Inc. to Report Q2, 2025 Results on Jul 23, 2025WEX Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025
Recent Insider Transactions • Jun 03Chairman of the Board recently bought US$501k worth of stockOn the 29th of May, Melissa Smith bought around 4k shares on-market at roughly US$135 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Melissa's only on-market trade for the last 12 months.
お知らせ • May 02Impactive Capital Issues an Open Letter to Shareholders of WEXOn May 2, 2025, Impactive Capital LP announced that it has sent an open letter to shareholders of WEX Inc, stating that it believes that with the right change and improved shareholder alignment, Company can deliver significant value to all stakeholders. Impactive Capital stated that it has privately and constructively engaged with the Board and management for the past four years, and at the end of 2024 and after a period of Company’s performance, it requested that an Impactive representative be added to the Board to bring a much-needed shareholder perspective, and stated that the Company Board and management have seemingly ignored its feedback and refused to act with sufficient urgency to address the ongoing issues at the Company. In addition, Impactive Capital stated that it has determined that it is necessary to vote against 3 incumbent directors Jack VanWoerkom, Melissa Smith, and James Neary, at the 2025 annual meeting of shareholders.
New Risk • May 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (US$495k sold).
Reported Earnings • May 01First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$1.84 (up from US$1.57 in 1Q 2024). Revenue: US$636.6m (down 2.5% from 1Q 2024). Net income: US$71.5m (up 8.7% from 1Q 2024). Profit margin: 11% (up from 10% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • May 01Wex Inc. Provides Earnings Guidance for Second Quarter and Full Year 2025WEX Inc. provides earnings guidance for second quarter and full year 2025. For the quarter, the company expects revenue in the range of $640 million to $660 million. For the full year, the company now expects revenue in the range of $2.57 billion to $2.63 billion.
お知らせ • Apr 11WEX Inc. to Report Q1, 2025 Results on Apr 30, 2025WEX Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025
お知らせ • Apr 09WEX Inc., Annual General Meeting, May 15, 2025WEX Inc., Annual General Meeting, May 15, 2025.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$127, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Diversified Financial industry in the US. Total loss to shareholders of 24% over the past three years.
Seeking Alpha • Mar 31WEX Inc.: Cheap Despite Tempering Growth ExpectationsSummary Management lowered its long-term revenue growth target to 5%-10% from 8%-12%, while aiming to grow earnings per share by 10%-15%. Shares are currently trading at just over 10 times earnings, representing a large discount to relevant peers. With the tender offer now having expired, and given its high debt load, there may be more downward pressure on the share price. With upside hinging on a reacceleration in organic growth, I am maintaining my Buy rating on the stock. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Mar 20Chairman of the Board exercised options and sold US$3.5m worth of stockOn the 15th of March, Melissa Smith exercised options to acquire 23k shares at no cost and sold these for an average price of US$154 per share. This trade did not impact their existing holding. For the year to December 2018, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Melissa's direct individual holding has increased from 126.09k shares to 154.54k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months.
New Risk • Feb 16New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$528k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
Recent Insider Transactions • Feb 16Chief People Officer recently sold US$495k worth of stockOn the 11th of February, Melanie Tinto sold around 3k shares on-market at roughly US$153 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.5m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Feb 12Chief People Officer notifies of intention to sell stockMelanie Tinto intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of February. If the sale is conducted around the recent share price of US$153, it would amount to US$495k. Since March 2024, Melanie's direct individual holding has decreased from 10.03k shares to 8.46k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.
Price Target Changed • Feb 07Price target decreased by 12% to US$174Down from US$199, the current price target is an average from 13 analysts. New target price is 15% above last closing price of US$152. Stock is down 28% over the past year. The company is forecast to post earnings per share of US$8.54 for next year compared to US$7.59 last year.
Reported Earnings • Feb 06Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$7.59 (up from US$6.23 in FY 2023). Revenue: US$2.63b (up 3.1% from FY 2023). Net income: US$309.6m (up 16% from FY 2023). Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Feb 06WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025WEX Inc. provided earnings guidance for the first quarter and full year 2025. For the first quarter of 2025, the Company expects revenue in the range of $625 million to $640 million. For the full year 2025, the Company expects revenue in the range of $2.60 billion to $2.66 billion.
お知らせ • Jan 23WEX Inc. to Report Q4, 2024 Results on Feb 05, 2025WEX Inc. announced that they will report Q4, 2024 results After-Market on Feb 05, 2025
Seeking Alpha • Jan 15Wex: Undervalued Despite Modest Growth ExpectationsSummary Shares have sold off following the company’s weak Q3 results and guidance. Lower fuel prices and weaker spending by its commercial customers have contributed to softer revenue growth. Earnings per share growth in FY25 should benefit from modest revenue growth on a stable expense base, along with a much lower share count. With shares attractively valued at just over 10 times earnings, I am inclined to maintain my Buy rating. Read the full article on Seeking Alpha
お知らせ • Nov 26WEX Launches Two AI Pilots for Benefits AdministrationWEX announced a partnership with select employers to pilot two new artificial intelligence (AI) enhancements embedded within WEX’s benefits administration platform, My Benefit Express. Timed with open enrollment season and as industry pundits explore how AI can be successfully built for and leveraged within employee benefits, WEX announced the pilot launch of its Benefit Assistant and BeneFITwise Premier capabilities, both of which harness AI to provide employees with personalized and actionable insights that can empower them to make informed decisions about their benefits. WEX’s two new AI functionalities, Benefit Assistant and BeneFITwise Premier, harness data to provide personalized and actionable insights for a number of health-related and financial scenarios. WEX’s Benefit Assistant with GenAI: Participating employers will pilot Benefit Assistant, an AI agent, within WEX’s My Benefit Express to provide interactive support for their teams when it comes to the selection and utilization of health and voluntary benefits. Benefit Assistant can provide personalized support for more than 1,500 benefits-related topics and commonly asked questions, ranging from how to enroll, to changing an address, requesting an insurance card, or adding a dependent. This is intended to empower employees to make informed decisions, reduce the number of inquiries directed to HR departments, and free up valuable time and resources for more strategic initiatives. Employees interact with Benefit Assistant via a familiar interface. Behind the interface, generative AI technology provides personalized assistance with tasks such as understanding plan details, adding dependents, and navigating life events like marriage or the birth of a child. Human-like interactions without complex jargon can help employees navigate the complexities of their benefits with ease, empowering them to make informed decisions without burdening HR teams. WEX’s AI-Powered BeneFITwise Premier: Also part of the pilot, BeneFITwise Premier – a decision-support tool offered by WEX – leverages AI to analyze individualized health claims data to provide personalized, year-round financial information and actionable insights to help employees maximize the value of their benefits within WEX’s My Benefit Express benefit administration platform. BeneFITwise Premier goes beyond traditional benefits management by offering a comprehensive, data-driven solution that simplifies the decision-making process for employees, helping them select the right plans based on their unique healthcare needs and financial situations absent consultation with their company’s HR department. This feature proactively engages employees throughout the year, providing targeted communications that enhance overall benefits utilization and satisfaction, while hopefully helping to drive better employee retention and alleviating some of the engagement burden from internal HR teams. Features will be available 24/7 to employees included under the pilots.
お知らせ • Nov 21WEX Unveils New Digital Solution to Enhance and Expand Medicare Advantage PlatformWEX announced the release of the WEX Medicare Advantage marketplace, a new digital shopping solution embedded within the member experience of its Medicare Advantage supplemental benefits platform. This expands the brick-and-mortar merchant network that Medicare Advantage members already have access to with an enhanced online shopping experience that allows members to purchase eligible over-the-counter (OTC) products and grocery items within WEX’s integrated member portal. WEX’s Medicare Advantage marketplace allows members to shop the way they choose – whether that’s online or in a physical retail location. The launch of the WEX Medicare Advantage marketplace underscores the company’s commitment to making it easier for members to understand and access their benefits, including how and where they shop. It also provides health plan partners with meaningful data insights and the security and scale of WEX’s platform technology. Health plans that partner with WEX can use the Medicare Advantage marketplace solution to increase product access and service for members in rural areas, members who prefer a digital experience, and members who need the option of an in-home shopping experience. The solution is customizable by plan type, offers free and rapid shipping for a variety of OTC products and grocery items (including prepared meals, fresh foods, and shelf-stable goods), as well as call center support for order fulfillment and related member questions.
Seeking Alpha • Oct 29WEX: AI, Data Management, And M&A Could Imply UndervaluationSummary WEX Inc. is a leading commercial payment company with significant growth potential in the EV, AI, and data management markets, supported by strategic acquisitions and technological advancements. The company's initiatives, including cloud migration, DriverDash Mobile App, and acquisitions of Ascensus and Payzer, are expected to enhance future financial performance and cash flow. WEX's access to low-cost capital through WEX Bank and its strategic investments in AI and energy transition position it for long-term growth. Despite the current market valuation, my DCF model suggests a fair price of $258 per share, indicating that WEX is undervalued and presents a strong investment opportunity. Read the full article on Seeking Alpha
Price Target Changed • Oct 27Price target decreased by 7.2% to US$211Down from US$227, the current price target is an average from 14 analysts. New target price is 18% above last closing price of US$179. Stock is up 9.5% over the past year. The company is forecast to post earnings per share of US$7.95 for next year compared to US$6.23 last year.
Reported Earnings • Oct 24Second quarter 2024 earnings released: EPS: US$1.85 (vs US$2.22 in 2Q 2023)Second quarter 2024 results: EPS: US$1.85 (down from US$2.22 in 2Q 2023). Revenue: US$673.5m (up 8.4% from 2Q 2023). Net income: US$77.0m (down 19% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 24Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$181, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Diversified Financial industry in the US. Total returns to shareholders of 13% over the past three years.
お知らせ • Oct 24WEX Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024WEX Inc. provided earnings guidance for the fourth quarter and full year of 2024. For the quarter, the company expects revenue to be in the range of $630 million to $640 million. For the full year, the company expects revenue to be in the range of $2.62 billion to $2.63 billion.
お知らせ • Oct 10WEX Inc. to Report Q3, 2024 Results on Oct 24, 2024WEX Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024
新しいナラティブ • Aug 27Innovative EV Solutions And AI Drive Optimistic Growth Despite Market Challenges Expansion into new markets and the development of apps like 10-4 BY WEX and PACER aim to meet unmet needs and enter new customer segments.
Reported Earnings • Jul 26Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: US$1.85 (down from US$2.22 in 2Q 2023). Revenue: US$673.5m (up 8.4% from 2Q 2023). Net income: US$77.0m (down 19% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Jul 26WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal Year 2024WEX Inc. provided earnings guidance for the third quarter and full year of fiscal year 2024. For the third quarter of 2024, the company expects revenue in the range of $688 million to $698 million. For the full year 2024, the company now expects revenue in the range of $2.68 billion to $2.72 billion.
お知らせ • Jul 12WEX Inc. to Report Q2, 2024 Results on Jul 25, 2024WEX Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024
Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Independent Director Aimee Cardwell was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 06WEX Inc. Announces Executive ChangesWEX Inc. announced that Sara Trickett, current Acting General Counsel and Assistant Corporate Secretary at WEX, has been appointed Chief Legal Officer and Corporate Secretary, effective June 4, 2024. Trickett succeeds Hilary Rapkin, who is retiring as Chief Legal Officer and Corporate Secretary of WEX. To support an orderly transition, Rapkin will remain with the Company in an executive advisor role until March 3, 2025. Trickett, who will report to Smith, joined WEX in 2021 and has served in various leadership roles at the Company, including Deputy General Counsel and Vice President, Corporate Legal Services. Most recently, she served as Acting General Counsel. Prior to WEX, she held other senior legal roles at Visa and Latham & Watkins. She holds a J.D. and LL.M. from Duke University School of Law and a B.S. in Science, Technology, and International Affairs from Georgetown University. Since Rapkin joined WEX in 1996, she has played a pivotal role in the Company’s expansion into a publicly traded global payments company that reported approximately $2.55 billion in 2023 full-year revenue. In addition to serving as Chief Legal Officer, Rapkin also held other senior leadership roles, including Interim Chief Human Resources Officer and SVP, General Counsel. She has also been a champion for and supporter of WEX and its communities during her tenure, including leading the WEX Compassion Fund and establishing and serving as the executive sponsor of the Women of WEX employee resource group.
お知らせ • Apr 26+ 1 more updateWEX Inc. Revises Earnings Guidance for the Full Year 2024WEX Inc. revised earnings guidance for the full year 2024. For the full year 2024, the Company expects revenue in the range of $2.73 billion to $2.77 billion up from the prior guidance range of $2.70 billion to $2.74 billion.
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$1.57 (vs US$1.58 in 1Q 2023)First quarter 2024 results: EPS: US$1.57 (down from US$1.58 in 1Q 2023). Revenue: US$652.7m (up 6.7% from 1Q 2023). Net income: US$65.8m (down 3.2% from 1Q 2023). Profit margin: 10% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Apr 16WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging ProductsWEX announced the general availability of WEX EV At-Home in the United States, an innovative, cutting edge solution that automates reporting and reimbursement for any organization with electric vehicles (EVs) that employees bring to their personal residence to charge overnight, the most cost effective way to charge. When coupled with WEX's other commercial fleet innovations, including WEX En Route, business can seamlessly integrate mixed fleets of electric and traditionally fueled vehicles, supporting a balance of innovation, operational reliability, and efficiency at any stage of a company's transition to EVs. Today's announcement signifies the general availability of WEX's en route charging and at-home reimbursement capabilities and bolsters WEX's market-leading role in closing the commercial EV adoption gap. WEX's DriverDash app and RFID are accepted across the U.S. at ChargePoint-branded EV chargers and at ChargePoint's roaming partner brands: EVConnect, EVGo, FLO, with additional accepting merchants expected in the coming months. These advancements enable large enterprises and small businesses to incorporate EVs into their commercial fleets alongside existing traditionally fueled vehicles, illustrating WEX's strategic commitment to closing the commercial EV adoption gap by integrating EV functionality into existing products and - empowering organizations to manage EVs alongside traditional internal combustion engine (ICE) vehicles fueled with gasoline, as part of a mixed fleet.
お知らせ • Apr 11WEX Inc. to Report Q1, 2024 Results on Apr 25, 2024WEX Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024
Recent Insider Transactions Derivative • Mar 21Chairman of the Board exercised options and sold US$4.1m worth of stockOn the 15th of March, Melissa Smith exercised options to acquire 17k shares at no cost and sold these for an average price of US$234 per share. This trade did not impact their existing holding. For the year to December 2017, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Melissa's direct individual holding has increased from 94.93k shares to 104.23k. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 23Chief Legal Officer & Secretary recently sold US$931k worth of stockOn the 16th of February, Hilary Rapkin sold around 4k shares on-market at roughly US$223 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Feb 19Chairman of the Board notifies of intention to sell stockMelissa Smith intends to sell 13k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of February. If the sale is conducted around the recent share price of US$222, it would amount to US$2.9m. For the year to December 2017, Melissa's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Melissa's direct individual holding has increased from 94.93k shares to 105.35k. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Feb 09Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$6.23 (up from US$4.54 in FY 2022). Revenue: US$2.55b (up 8.4% from FY 2022). Net income: US$266.6m (up 32% from FY 2022). Profit margin: 11% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
