WEX Inc.

NYSE:WEX Stock Report

Market Cap: US$7.0b

WEX Management

Management criteria checks 3/4

WEX's CEO is Melissa Smith, appointed in Apr 2013, has a tenure of 11.75 years. total yearly compensation is $11.65M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth $22.11M. The average tenure of the management team and the board of directors is 4.4 years and 5.7 years respectively.

Key information

Melissa Smith

Chief executive officer

US$11.7m

Total compensation

CEO salary percentage7.5%
CEO tenure11.8yrs
CEO ownership0.3%
Management average tenure4.4yrs
Board average tenure5.7yrs

Recent management updates

Recent updates

WEX: AI, Data Management, And M&A Could Imply Undervaluation

Oct 29

Shareholders Should Be Pleased With WEX Inc.'s (NYSE:WEX) Price

Sep 25
Shareholders Should Be Pleased With WEX Inc.'s (NYSE:WEX) Price

Should You Be Adding WEX (NYSE:WEX) To Your Watchlist Today?

Aug 30
Should You Be Adding WEX (NYSE:WEX) To Your Watchlist Today?

Earnings Miss: WEX Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

Apr 28
Earnings Miss: WEX Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

What You Can Learn From WEX Inc.'s (NYSE:WEX) P/E

Apr 19
What You Can Learn From WEX Inc.'s (NYSE:WEX) P/E

Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching

Mar 24
Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching

WEX: Growing, And Growing More Appealing

Jan 29

WEX: Continues To Succeed In Key Markets

Nov 07

WEX: Good Entry Point For A Quality, Compounding Fleet Manager

Oct 23

WEX Inc: Q2 2023 Earnings Was Good, But More Is Needed

Aug 04

WEX: Still Resistant To Monetary Tightening

Feb 07

WEX Inc.: Still An Attractive Secular Growth Story

Nov 10

WEX Q3 2022 Earnings Preview

Oct 26

Wex gains after investor pitches at 13D Monitor Active-Passive conference

Oct 18

WEX board authorizes up to $150M share repurchase program

Aug 23

WEX Q2 2022 Earnings Preview

Jul 27

CEO Compensation Analysis

How has Melissa Smith's remuneration changed compared to WEX's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$331m

Jun 30 2024n/an/a

US$246m

Mar 31 2024n/an/a

US$264m

Dec 31 2023US$12mUS$875k

US$267m

Sep 30 2023n/an/a

US$270m

Jun 30 2023n/an/a

US$208m

Mar 31 2023n/an/a

US$181m

Dec 31 2022US$10mUS$855k

US$201m

Sep 30 2022n/an/a

US$101m

Jun 30 2022n/an/a

US$193m

Mar 31 2022n/an/a

US$91m

Dec 31 2021US$10mUS$792k

US$100k

Sep 30 2021n/an/a

-US$222m

Jun 30 2021n/an/a

-US$336m

Mar 31 2021n/an/a

-US$230m

Dec 31 2020US$20mUS$726k

-US$244m

Sep 30 2020n/an/a

US$45m

Jun 30 2020n/an/a

US$125m

Mar 31 2020n/an/a

US$67m

Dec 31 2019US$6mUS$763k

US$99m

Sep 30 2019n/an/a

US$66m

Jun 30 2019n/an/a

US$108m

Mar 31 2019n/an/a

US$132m

Dec 31 2018US$6mUS$730k

US$168m

Compensation vs Market: Melissa's total compensation ($USD11.65M) is above average for companies of similar size in the US market ($USD7.89M).

Compensation vs Earnings: Melissa's compensation has been consistent with company performance over the past year.

CEO

Melissa Smith (55 yo)

11.8yrs

Tenure

US$11,650,671

Compensation

Ms. Melissa D. Smith has been Chairman of the Board from September 12, 2019 at WEX Inc. She began with WEX in 1997 as a senior financial analyst for the financial technology service provider. She has been...

Leadership Team

NamePositionTenureCompensationOwnership
Melissa Smith
Chairman of the Board11.8yrsUS$11.65m0.32%
$ 22.1m
Jagtar Narula
Chief Financial Officer2.7yrsUS$3.57m0.018%
$ 1.2m
Sachin Dhawan
Chief Technology Officer1.1yrsUS$3.46m0.0080%
$ 554.5k
Joel Dearborn
Chief Operating Officer of International7.1yrsUS$3.35m0.050%
$ 3.5m
Robert Deshaies
Chief Operating Officer of Benefits5.3yrsUS$4.35m0.019%
$ 1.3m
Jennifer Kimball
Chief Accounting Officer4.4yrsUS$1.63m0.0048%
$ 334.8k
Steven Elder
Senior Vice President of Global Investor Relationsno dataUS$650.34kno data
Ann Drew
Chief Risk & Compliance Officer4.1yrsno data0.014%
$ 979.3k
Sara Trickett
Senior VPless than a yearno data0.00074%
$ 51.6k
Melanie Tinto
Chief People Officer6.9yrsUS$2.08m0.021%
$ 1.5m
Hilary Rapkin
Executive Advisorless than a yearUS$855.48k0.036%
$ 2.5m
Marcelo Velloso
Managing Director of Latin America5.4yrsno datano data

4.4yrs

Average Tenure

53yo

Average Age

Experienced Management: WEX's management team is considered experienced (4.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Melissa Smith
Chairman of the Board11yrsUS$11.65m0.32%
$ 22.1m
James Neary
Independent Director8.5yrsUS$305.03k0.018%
$ 1.3m
Jack VanWoerkom
Vice Chair & Lead Independent Director20yrsUS$330.47k0.024%
$ 1.7m
Shikhar Ghosh
Independent Director20yrsUS$292.28k0.017%
$ 1.2m
James Groch
Independent Director4.7yrsUS$285.03k0.017%
$ 1.2m
Nancy Altobello
Independent Director3.6yrsUS$295.84k0.0086%
$ 600.5k
Daniel Callahan
Independent Director5.7yrsUS$306.84k0.0055%
$ 381.5k
Susan Sobbott
Independent Director6.1yrsUS$285.03k0.013%
$ 938.8k
Stephen Smith
Independent Director5.3yrsUS$300.96k0.015%
$ 1.1m
Derrick Roman
Independent Director3.6yrsUS$304.15k0.0098%
$ 684.9k
Aimee Cardwell
Independent Director1.1yrsUS$5.77kno data

5.7yrs

Average Tenure

60yo

Average Age

Experienced Board: WEX's board of directors are considered experienced (5.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 22:30
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

WEX Inc. is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David KoningBaird
Ramsey El-AssalBarclays
Mihir BhatiaBofA Global Research