WEX Inc
Research WEX Inc (WEX) on Bullrun: valuation model: 1.3% undervalued, market cap USD 6.85B, P/E 19.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWEX
- ExchangeNYSE
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Infrastructure
- CurrencyUSD
- Valuation signal1.3% undervalued
- Market capUSD 6.85B
- P/E19.9
- Financial periodQ2 2026
- RevenueUSD 753.60M
- Net incomeUSD 108.50M
- Free cash flow-USD 121.10M
- Gross margin61.5%
Valuation Snapshot
Bullrun's latest valuation model marks WEX Inc as 1.3% undervalued; latest market cap is USD 6.85B; P/E is 19.9.
Peer valuation comparison
Latest P/E is 19.89x versus a Technology sector median of 28.57x (30.4% below).
Latest P/E is 19.89x versus a United States median of 24.87x (20.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.85B | USD 304.10M | USD 313.70M | 40.4% | 8.47 | USD 905.80M | USD 4.86B | USD 1.23B |
| FY2024 | USD 1.87B | USD 309.60M | USD 334.10M | 44.4% | 7.5 | USD 595.80M | USD 4.38B | USD 1.49B |
| FY2023 | USD 1.84B | USD 266.60M | USD 764.30M | 47.1% | 6.16 | USD 975.80M | USD 3.87B | USD 1.82B |
| FY2022 | USD 1.69B | USD 167.20M | USD 566.50M | 44.9% | 4.5 | USD 922.00M | USD 2.72B | USD 1.65B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 6.85B | 19.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 5.11B | 17.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 6.84B | 23.4 | n/a | n/a |
| 2023 | 2023-12-29 | USD 8.31B | 31.4 | n/a | n/a |
| 2022 | 2022-12-30 | USD 7.13B | 74.4 | n/a | n/a |
| 2021 | 2021-12-31 | USD 6.29B | n/a | n/a | n/a |
About WEX Inc
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.
Related stock research
Other Technology stocks
Frequently asked questions
Is WEX Inc overvalued or undervalued?
Bullrun's valuation model currently marks WEX Inc as 1.3% undervalued.
What is WEX Inc's market cap?
WEX Inc's market capitalization is USD 6.85B.
What is WEX Inc's P/E ratio?
WEX Inc's price-to-earnings (P/E) ratio is 19.9.
What does WEX Inc do?
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.