WEX on NYSE

WEX Inc.

WEX is a global commerce platform that provides seamlessly embedded, personalized payments solutions across three business segments: Mobility, Benefits, and Corporate Payments.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerWEX on NYSE1
  • IndustryServices-Business Services, NEC1
  • HeadquartersPortland, Maine1
  • Incorporated inDE2
  • Business address1 Hancock Street, Portland, Me 041012
  • Filer categoryLarge accelerated filer2

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WEX is a global commerce platform that provides seamlessly embedded, personalized payments solutions across three business segments: Mobility, Benefits, and Corporate Payments. Our purpose is to simplify the business of running a business. That purpose has become increasingly relevant as organizations face rising complexity driven by fragmented systems, manual workflows, increasing costs, and greater compliance demands. These challenges slow decision-making and introduce additional operational risk. Leveraging our deep industry expertise, WEX has developed platforms and proprietary networks that address these issues by delivering the technologies and services that enable our customers to achieve greater speed and efficiency, cost savings, accuracy, and insight across financial and administrative workflows.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

36.0%Operating margin4
16.5%Net margin4
-1.2%Revenue growth, 20254
24.6%Return on equity4
2.86×Debt to equity4
$313.7MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue60¢$1.1B
  • Other costs18¢$324.6M
  • Income tax6¢$116.1M
  • Profit16¢$304.1M

Out of $1.8B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending15¢$140.6M
  • Share buybacks85¢$799.8M

Out of $454.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$1.8B in 2025+53% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.2B$1.2B20192020: $1.1B$1.1B2020−7%2021: $1.3B$1.3B2021+19%2022: $1.7B$1.7B2022+26%2023: $1.8B$1.8B2023+9%2024: $1.9B$1.9B2024+2%2025: $1.8B$1.8B2025−1%
Operating income56784$663.9M in 2025+72% since 2019
-$200.0M0$200.0M$400.0M$600.0M$800.0M2019: $385.8M$385.8M20192020: -$91.7M-$91.7M20202021: $342.0M$342.0M20212022: $469.8M$469.8M2022+37%2023: $647.1M$647.1M2023+38%2024: $686.3M$686.3M2024+6%2025: $663.9M$663.9M2025−3%
Net income56784$304.1M in 2025+95% since 2019
-$400.0M-$200.0M0$200.0M$400.0M2019: $156.3M$156.3M20192020: -$283.9M-$283.9M20202021: $135.3M$135.3M20212022: $167.2M$167.2M2022+24%2023: $266.6M$266.6M2023+59%2024: $309.6M$309.6M2024+16%2025: $304.1M$304.1M2025−2%
Fiscal year2019202020212022202320242025
Revenue$1.2B5$1.1B6$1.3B7$1.7B8$1.8B4$1.9B4$1.8B4
Cost of revenue$659.8M5$673.2M6$702.1M7$930.5M8$973.3M4$1.0B4$1.1B4
Operating income$385.8M5-$91.7M6$342.0M7$469.8M8$647.1M4$686.3M4$663.9M4
Interest$134.7M5$157.1M6$128.4M6$130.7M6
Income before tax$203.9M7$260.5M8$368.8M4$417.8M4$420.2M4
Income tax$61.2M5-$20.6M6$67.8M7$93.1M8$102.2M4$108.2M4$116.1M4
Net income$156.3M5-$283.9M6$135.3M7$167.2M8$266.6M4$309.6M4$304.1M4
Earnings per share$2.295-$5.566$0.007$4.548$6.234$7.594$8.574
Earnings per share (diluted)$2.265-$5.566$0.007$4.508$6.164$7.504$8.474
Shares (weighted, basic)44.7M shares744.4M shares842.8M shares440.8M shares435.5M shares4
Shares (weighted, diluted)45.3M shares744.7M shares843.3M shares441.3M shares435.9M shares4

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Leadership

Who has led WEX Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael E. Dubyak2006–2013
  2. Melissa D. Goodwin2014–now

Chair

  1. Michael E. Dubyak2009–2013
  2. Melissa D. Goodwin2022–now

President

  1. Michael E. Dubyak2006–2013
  2. Melissa D. Goodwin2011–2012
  3. David D. Maxsimic2012–2014
  4. Scott Robert Phillips2017–2021
  5. Joel Alan Dearborn Jr.2017–2022
  6. Robert Joseph Deshaies2019–2022

Chief financial officer

  1. Melissa D. Goodwin2006–2011
  2. Steven Alan Elder2011–2016
  3. Jennifer Kimball2022
  4. Jagtar Narula2022–now

Chief operating officer

  1. Carlos Carriedo2022
  2. Robert Joseph Deshaies2022–2025
  3. Joel Alan Dearborn Jr.2025–now
2010201520202025
Board members and other officers (51)

Former names

  • Wright Express CORPNov 23, 2004 to Oct 15, 20122

Timeline

  1. Feb 20, 2014New chief executive Melissa D. Goodwin becomes CEO12
  2. Feb 13, 2006New chief executive Michael E. Dubyak becomes CEO13

Filings

601 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 388 insider forms, 43 large holders, 104 other. The latest 20:

  1. Oct 7, 20264 EDGAR
  2. Oct 5, 2026144 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Sep 16, 20264 EDGAR
  8. Sep 14, 2026144 EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 1, 2026144 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 6, 2026SCHEDULE 13G EDGAR
  13. Aug 4, 2026144 EDGAR
  14. Jul 31, 2026144 EDGAR
  15. Jul 31, 20264 EDGAR
  16. Jul 30, 2026144 EDGAR
  17. Jul 29, 20264 EDGAR
  18. Jul 29, 20264 EDGAR
  19. Jul 27, 2026144 EDGAR
  20. Jul 27, 2026144 EDGAR

The 601 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

77 open-market trades by officers, directors and large owners since October 2021: 7 buys and 70 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026Dearborn Joel Alan JRCOO, InternationalSale3,343$200.00$668.6KForm 4
Sep 1, 2026Smith Melissa DCEO and PresidentSale28,109$190.09$5.3MForm 4
Aug 4, 2026Carriedo CarlosCOO, Amer. Payments & MobilitySale1,075$186.00$199.9KForm 4
Jul 30, 2026Deshaies Robert JosephCOO, BenefitsSale1,000$184.95$184.9KForm 4
Jul 27, 2026Kimball JenniferChief Accounting OfficerSale1,183$176.55$208.9KForm 4
Jul 27, 2026Drew Ann ElenaChief Risk and ComplianceSale3,400$176.02$598.5KForm 4
Jul 6, 2026Deshaies Robert JosephCOO, BenefitsSale2,000$148.40$296.8KForm 4
May 28, 2026Deshaies Robert JosephCOO, BenefitsSale1,200$144.84$173.8KForm 4
May 18, 2026GROCH JAMES RDirectorBuy1,500$142.95$214.4KForm 4
Apr 16, 2026Dearborn Joel Alan JRCOO, InternationalSale3,500$175.00$612.5KForm 4
Apr 1, 2026Dearborn Joel Alan JRCOO, InternationalSale3,500$152.14$532.5KForm 4
Mar 19, 2026Kimball JenniferChief Accounting OfficerSale104$147.66$15.4KForm 4
Mar 17, 2026Kimball JenniferChief Accounting OfficerSale715$157.82$112.8KForm 4
Feb 25, 2026Trickett SaraChief Legal OfficerSale1,815$149.95$272.2KForm 4
Feb 24, 2026Deshaies Robert JosephCOO, BenefitsSale3,238$150.22$486.4KForm 4
Feb 18, 2026Carriedo CarlosCOO, Amer. Payments & MobilitySale1,575$159.90$251.8KForm 4
Feb 11, 2026Deshaies Robert JosephCOO, BenefitsSale1,032$166.00$171.3KForm 4
Dec 18, 2025Kimball JenniferChief Accounting OfficerSale494$151.40$74.8KForm 4
Nov 26, 2025Deshaies Robert JosephCOO, BenefitsSale1,506$149.62$225.3KForm 4
Nov 13, 2025Smith Stephen MontgomeryDirectorBuy1,000$144.25$144.2KForm 4

All 77 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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