WEX Inc. (WEX) AI Stock Analysis

WEX Inc. specializes in delivering financial technology services globally across three primary segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. Fleet Solutions provides payment processing, billing, credit management, and analytics to commercial and government fleets via direct sales and partner arrangements. Travel and Corporate Solutions delivers embedded payment solutions, virtual cards, and accounts payable automation tools for commercial and government entities. Health and Employee Benefit Solutions provides healthcare payment products and software-as-a-service platforms for consumer-directed healthcare management, as well as payroll-related and employee benefit products tailored for the Brazilian market.

WEX delivered a 5-year revenue CAGR of 11.3% from FY2020 to FY2025. Annual revenue grew from $1.85B in FY2021 to $2.35B in FY2022, $2.55B in FY2023, $2.63B in FY2024, and reached $2.66B in FY2025. Net income stood at $100,000 in FY2021, rose to $201.4M in FY2022, settled at $14.8M in FY2023, before climbing to $309.6M in FY2024 and $304.1M in FY2025. Operating margin was 25.4% in FY2025 compared to 26.1% in FY2024 and 0.6% in FY2023. Over the trailing twelve months, revenue totaled $2.79B with a profit margin of 12.6%. In the latest quarter ended June 30, 2026, revenue increased 14.2% and earnings increased 57.1% year-over-year.

As of June 30, 2026, WEX held $6.10B in cash and short-term investments against $5.36B in total debt, resulting in net cash of $744.4M. Shareholders' equity was $1.34B out of $16.50B in total assets, with a current ratio of 1.04 and a debt-to-equity ratio of 3.98. Operating cash flow in FY2025 was $454.3M, yielding free cash flow of $313.7M after capital expenditures of $140.6M. Capital allocation in FY2025 included $799.8M directed to share buybacks, contributing to a 5-year share count reduction of 22.2%.

At a share price of $182.01, WEX carries a market cap of $6.20B and an enterprise value of $5.43B. The stock trades at a trailing P/E of 18.1x and a forward P/E of 8.6x, compared to medians of 28.1x and 18.8x, respectively, for its US-listed Technology peers. Its EV-to-EBITDA stands at 5.2x, below the peer group median of 16.6x, while its price-to-sales multiple is 2.2x versus the peer median of 2.8x. Over the past year, WEX gained 23.3%, outperforming the S&P 500 return of 16.8%, but its 5-year return of -5.7% trails the index return of 83.0%.

Wall Street coverage on WEX includes 4 Strong Buy, 1 Buy, and 10 Hold ratings, with no Sell or Strong Sell ratings. The consensus mean price target is $195.36, representing 7.3% upside from the last close of $182.01. Analysts project current fiscal year EPS of $20.14 on revenue of $2.90B, followed by next fiscal year EPS of $21.29 on revenue of $2.94B based on 15 analysts. The company beat EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 28, 2026.

This page is an AI-written research summary of WEX Inc. (WEX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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