WEX Inc.
Close on Oct 19, 2026
- Market cap
- $6.40B
- P/E (TTM)
- 18.3
- Dividend yield
- –
About WEX
Services-Business Services, NEC, SIC 7389
WEX is a commerce platform that provides integrated payment solutions and software across three primary segments: Mobility, Benefits, and Corporate Payments. The Mobility segment provides commercial fleet fuel and vehicle management cards, processing services, and software tools for fleet operators. The Benefits division delivers cloud-based software alongside account administration for health savings accounts, flexible spending accounts, and related employee benefit arrangements. In Corporate Payments, the company delivers business-to-business automated accounts payable capabilities and virtual card issuing solutions for corporate enterprises, travel providers, and financial institutions.
The company operates globally across fifteen countries, employing approximately 6,600 full-time workers, with around 5,100 based in the United States and the remaining workforce situated across fourteen international locations. In the United States, its proprietary fleet payment network covers over 90 percent of fuel charging locations and supports electric vehicle charging access, alongside an average of about 21.6 million software-as-a-service accounts in its benefits platform. The provided text does not state the company's headquarters location.
Summary of the business section of WEX's latest annual report, written by StockData.
Company profile
Company
- Legal name
- WEX Inc.
- Headquarters
- Portland, ME
- Address
- 1 Hancock Street 04101
- Phone
- (207) 773-8171
- Employees
- 6,600, Dec 31, 2025
- Industry
- Services-Business Services, NEC
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- WEX
- Exchange
- NYSE
- Shares outstanding
- 34M, Jul 17, 2026
- Public float
- $5.00B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1309108
- CUSIP
- 96208T104
- ISIN
- US96208T1043
- LEI
- T9M5IGROL1TL1G5OV478
- EIN
- 01-0526993
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Melissa D. Smith | CEO and President, Director | 192,254 |
| Joel Alan Dearborn JR | COO, International | 28,615 |
| Carlos Carriedo | COO, Amer. Payments & Mobility | 11,076 |
| Robert Joseph Deshaies | COO, Benefits | 19,288 |
| Ann Elena Drew | Chief Risk and Compliance | 7,988 |
| Jennifer Kimball | Chief Accounting Officer | 4,916 |
| Sara Trickett | Chief Legal Officer | 3,572 |
| Sandra D. Kuohn | Chief People Officer | – |
| Karen B. Stroup | Chief Digital Officer | 22,285 |
| Jagtar Narula | Chief Financial Officer | 26,110 |
| Sachin Dhawan | Chief Technology Officer | 15,115 |
| Melanie J. Tinto | Chief People Officer | 5,778 |
| James R. Groch | Director | 18,143 |
| Kurt Patrick Adams | Director | 379 |
| Christian Asmar | Director | – |
| Capital LP Impactive | Director | 1,707,332 |
| Capital LLC Impactive | Director | – |
| Lauren Taylor Wolfe | Director | 1,707,253 |
| Don Callahan | Director | 12,263 |
| Ellen R. Alemany | Director | 6,000 |
| Aimee Cardwell | Director | 3,007 |
| Stephen Montgomery Smith | Director | 9,538 |
| David B. Foss | Director | 1,500 |
| Derrick A. Roman | Director | 6,434 |
| Susan Sobbott | Director | 7,881 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2024 Ms. Smith | $12.59M | $7.75M | $3.71M | $83700 | $111210 |
| FY2023 Ms. Smith | $11.66M | $20.80M | $3.69M | $92880 | $99270 |
| FY2022 Ms. Smith | $10.19M | $16.14M | $3.49M | $78 | $85 |
| FY2021 Ms. Smith | $9.61M | -$11.06M | $3.40M | $67 | $101 |
| FY2020 Ms. Smith | $20.11M | $17.20M | $5.63M | $97 | $92 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had a workforce of approximately 6,600 full time employees, of which approximately 5,100 were located in the United States.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Dec 15, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 4, 2019 | Late filing | Notification of late filing |
| Mar 1, 2017 | Late filing | Notification of late filing |
| Jul 1, 2016 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 15, 2012 | Name change | Name changed from Wright Express CORP to WEX Inc. |
| Nov 30, 2010 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 20, 2010 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 15, 2006 | Late filing | Notification of late filing |
| Feb 8, 2005 | Listing | Registration of securities on an exchange (Form 8-A) |