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WEX Inc is a provider of corporate payment 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. Wex's largest end market is the United States of America.
1998
6.5K+
LTM Revenue $2.6B
LTM EBITDA $1.1B
$5.0B
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WEX has a last 12-month revenue of $2.6B and a last 12-month EBITDA of $1.1B.
In the most recent fiscal year, WEX achieved revenue of $2.6B and an EBITDA of $975M.
WEX expects next 12-month revenue of XXX and NTM EBITDA of XXX
See WEX valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | XXX | XXX | XXX |
| Gross Profit | $1.4B | $1.6B | XXX | XXX | XXX |
| Gross Margin | 56% | 60% | XXX | XXX | XXX |
| EBITDA | $850M | $975M | XXX | XXX | XXX |
| EBITDA Margin | 33% | 37% | XXX | XXX | XXX |
| Net Profit | $201M | $267M | XXX | XXX | XXX |
| Net Margin | 8% | 10% | XXX | XXX | XXX |
| Net Debt | $1.8B | $2.9B | XXX | XXX | XXX |
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As of April 15, 2025, WEX's stock price is $128.
WEX has current market cap of $5.0B, and EV of $5.0B.
See WEX trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.0B | $5.0B | XXX | XXX | XXX | XXX | $15.22 |
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Sign UpAs of April 15, 2025, WEX has market cap of $5.0B and EV of $5.0B.
WEX's trades at 1.9x LTM EV/Revenue multiple, and 4.3x LTM EBITDA.
Analysts estimate WEX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for WEX and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.0B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 5.1x | XXX | XXX | XXX |
| P/E | 16.0x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 15.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpWEX's NTM/LTM revenue growth is 1%
WEX's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, WEX's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate WEX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for WEX and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 39% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 13% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 34% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Keyware Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Al Ansari Financial Servs | XXX | XXX | XXX | XXX | XXX | XXX |
| Equals Group | XXX | XXX | XXX | XXX | XXX | XXX |
| AvidXchange | XXX | XXX | XXX | XXX | XXX | XXX |
| Flywire | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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WEX acquired XXX companies to date.
Last acquisition by WEX was XXXXXXXX, XXXXX XXXXX XXXXXX . WEX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was WEX founded? | WEX was founded in 1998. |
| Where is WEX headquartered? | WEX is headquartered in United States of America. |
| How many employees does WEX have? | As of today, WEX has 6.5K+ employees. |
| Who is the CEO of WEX? | WEX's CEO is Ms. Melissa D. Smith. |
| Is WEX publicy listed? | Yes, WEX is a public company listed on NYS. |
| 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? | Similar companies to WEX include e.g. Keyware Technologies, Al Ansari Financial Servs, Equals Group, AvidXchange. |
| What is the current market cap of WEX? | WEX's current market cap is $5.0B |
| What is the current revenue of WEX? | WEX's last 12-month revenue is $2.6B. |
| What is the current EBITDA of WEX? | WEX's last 12-month EBITDA is $1.1B. |
| What is the current EV/Revenue multiple of WEX? | Current revenue multiple of WEX is 1.9x. |
| What is the current EV/EBITDA multiple of WEX? | Current EBITDA multiple of WEX is 4.3x. |
| What is the current revenue growth of WEX? | WEX revenue growth between 2023 and 2024 was 3%. |
| Is WEX profitable? | Yes, WEX is EBITDA-positive (as of the last 12 months). |
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