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WEX Valuation Multiples
Discover revenue and EBITDA valuation multiples for WEX and similar public comparables like Descartes Systems Group, EquipmentShare.com, MonotaRO, ServiceTitan and more.
WEX Overview
About WEX
WEX Inc is a commerce platform that provides seamlessly embedded, personalized payments solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Its prime end market is the United States of America.
Founded
1998
HQ
Employees
6.6K
Website
Sectors
Financials (LTM)
EV
$5B
WEX Financials
WEX reported last 12-month revenue of $3B and EBITDA of $1B.
In the same LTM period, WEX generated $2B in gross profit, $1B in EBITDA, and $592M in net income.
Revenue (LTM)
WEX P&L
In the most recent fiscal year, WEX reported revenue of $3B and EBITDA of $1B.
WEX expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 59% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 42% | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $592M | XXX | $578M | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
WEX Stock Performance
WEX has current market cap of $6B, and enterprise value of $5B.
Market Cap Evolution
WEX's stock price is $165.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $6B | 4.2% | XXX | XXX | XXX | $16.85 |
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Start Free TrialWEX Valuation Multiples
WEX trades at 2.0x EV/Revenue multiple, and 4.8x EV/EBITDA.
EV / Revenue (LTM)
WEX Financial Valuation Multiples
As of April 14, 2026, WEX has market cap of $6B and EV of $5B.
Equity research analysts estimate WEX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
WEX has a P/E ratio of 9.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 4.8x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 5.3x | XXX | 5.3x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | 3.4x | XXX | XXX | XXX |
| P/E | 9.6x | XXX | 9.9x | XXX | XXX | XXX |
| EV/FCF | 8.1x | XXX | 8.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified WEX Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
WEX Margins & Growth Rates
WEX's revenue in the last 12 month grew by 4%.
WEX's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
WEX's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
WEX's rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
WEX Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 15% | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
WEX Public Comps
See public comps and valuation multiples for other B2B Payments and Health Benefits & Financial Solutions comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| WEX | XXX | XXX | XXX | XXX | XXX | XXX |
| Descartes Systems Group | XXX | XXX | XXX | XXX | XXX | XXX |
| EquipmentShare.com | XXX | XXX | XXX | XXX | XXX | XXX |
| MonotaRO | XXX | XXX | XXX | XXX | XXX | XXX |
| ServiceTitan | XXX | XXX | XXX | XXX | XXX | XXX |
| Edenred | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
WEX M&A Activity
WEX acquired XXX companies to date.
Last acquisition by WEX was on XXXXXXXX, XXXXX. WEX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by WEX
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialWEX Investment Activity
WEX invested in XXX companies to date.
WEX made its latest investment on XXXXXXXX, XXXXX. WEX invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by WEX
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout WEX
| When was WEX founded? | WEX was founded in 1998. |
| Where is WEX headquartered? | WEX is headquartered in United States. |
| How many employees does WEX have? | As of today, WEX has over 6K employees. |
| Who is the CEO of WEX? | WEX's CEO is Melissa D. Smith. |
| Is WEX publicly listed? | Yes, WEX is a public company listed on NYSE. |
| What is the stock symbol of WEX? | WEX trades under WEX ticker. |
| When did WEX go public? | WEX went public in 2005. |
| Who are competitors of WEX? | WEX main competitors are Descartes Systems Group, EquipmentShare.com, MonotaRO, ServiceTitan. |
| What is the current market cap of WEX? | WEX's current market cap is $6B. |
| What is the current revenue of WEX? | WEX's last 12 months revenue is $3B. |
| What is the current revenue growth of WEX? | WEX revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of WEX? | Current revenue multiple of WEX is 2.0x. |
| Is WEX profitable? | Yes, WEX is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of WEX? | WEX's last 12 months EBITDA is $1B. |
| What is WEX's EBITDA margin? | WEX's last 12 months EBITDA margin is 42%. |
| What is the current EV/EBITDA multiple of WEX? | Current EBITDA multiple of WEX is 4.8x. |
| What is the current FCF of WEX? | WEX's last 12 months FCF is $656M. |
| What is WEX's FCF margin? | WEX's last 12 months FCF margin is 24%. |
| What is the current EV/FCF multiple of WEX? | Current FCF multiple of WEX is 8.1x. |
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