WEX Inc.

NYSE:WEX Stock Report

Market Cap: US$6.9b

WEX Past Earnings Performance

Past criteria checks 4/6

WEX has been growing earnings at an average annual rate of 41%, while the Diversified Financial industry saw earnings growing at 11.1% annually. Revenues have been growing at an average rate of 12.2% per year. WEX's return on equity is 19.7%, and it has net margins of 12.5%.

Key information

41.0%

Earnings growth rate

41.6%

EPS growth rate

Diversified Financial Industry Growth6.1%
Revenue growth rate12.2%
Return on equity19.7%
Net Margin12.5%
Last Earnings Update30 Sep 2024

Recent past performance 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

Investors Interested In WEX Inc.'s (NYSE:WEX) Earnings

Dec 25
Investors Interested In WEX Inc.'s (NYSE:WEX) Earnings

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

Revenue & Expenses Breakdown

How WEX makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:WEX Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 242,6553317990
30 Jun 242,6412468260
31 Mar 242,5892648230
31 Dec 232,5482678410
30 Sep 232,5032708610
30 Jun 232,4682088730
31 Mar 232,4451818720
31 Dec 222,3512018360
30 Sep 222,2291017710
30 Jun 222,0961937250
31 Mar 221,957916970
31 Dec 211,85106890
30 Sep 211,745-2227030
30 Jun 211,645-3366770
31 Mar 211,532-2306370
31 Dec 201,553-2446370
30 Sep 201,597455830
30 Jun 201,6701255760
31 Mar 201,761676020
31 Dec 191,708995840
30 Sep 191,653665820
30 Jun 191,5841085680
31 Mar 191,5171325230
31 Dec 181,4931685030
30 Sep 181,4412274740
30 Jun 181,3782044580
31 Mar 181,3111834360
31 Dec 171,2491604110
30 Sep 171,210863370
30 Jun 171,174712410
31 Mar 171,104671570
31 Dec 161,012233150
30 Sep 1694076980
30 Jun 1687989930
31 Mar 16858103900
31 Dec 15855102550
30 Sep 15854129840
30 Jun 15850171850
31 Mar 15838188860
31 Dec 14818202910
30 Sep 14788189830
30 Jun 14757158790
31 Mar 14734157770
31 Dec 13717149710

Quality Earnings: WEX has high quality earnings.

Growing Profit Margin: WEX's current net profit margins (12.5%) are higher than last year (10.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WEX's earnings have grown significantly by 41% per year over the past 5 years.

Accelerating Growth: WEX's earnings growth over the past year (22.3%) is below its 5-year average (41% per year).

Earnings vs Industry: WEX earnings growth over the past year (22.3%) exceeded the Diversified Financial industry 14.6%.

Return on Equity

High ROE: WEX's Return on Equity (19.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 05:17
End of Day Share Price 2024/12/18 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