WEX Inc. (WEX) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does WEX Inc. Do?
WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine. WEX Inc. (WEX) is classified as a mid-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Melissa D. Smith and employs approximately 5,600 people, headquartered in Wilmington, Maine. With a market capitalization of $5.2B, WEX is one of the notable companies in the Industrials sector.
WEX Inc. (WEX) Stock Rating — Hold (April 2026)
As of April 2026, WEX Inc. receives a Hold rating with a composite score of 48.0/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.WEX ranks #1,636 out of 4,446 stocks in our coverage universe. Within the Industrials sector, WEX Inc. ranks #255 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
WEX Stock Price and 52-Week Range
WEX Inc. (WEX) currently trades at $159.29. The stock lost $0.21 (0.1%) in the most recent trading session. The 52-week high for WEX is $180.71, which means the stock is currently trading -11.9% from its annual peak. The 52-week low is $110.45, putting the stock 44.2% above its annual trough. Recent trading volume was 328K shares, suggesting relatively thin trading activity.
Is WEX Overvalued or Undervalued? — Valuation Analysis
WEX Inc. (WEX) carries a value factor score of 75/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 16.77x, compared to the Industrials sector average of 28.33x — a discount of 41%. The price-to-book ratio stands at 4.39x, versus the sector average of 2.23x. The price-to-sales ratio is 2.04x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, WEX trades at 6.18x EV/EBITDA, versus 5.70x for the sector.
Based on these multiples, WEX Inc. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
WEX Inc. Profitability — ROE, Margins, and Quality Score
WEX Inc. (WEX) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 26.2%, compared to the Industrials sector average of 8.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 2.2% versus the sector average of 3.3%.
On a margin basis, WEX Inc. reports gross margins of 59.8%, compared to 35.8% for the sector. The operating margin is 26.1% (sector: 6.2%). Net profit margin stands at 12.2%, versus 3.9% for the average Industrials stock. Revenue growth is running at 2.7% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
WEX Debt, Balance Sheet, and Financial Health
WEX Inc. has a debt-to-equity ratio of 1066.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.05x, suggesting adequate working capital coverage. Total debt on the balance sheet is $5.03B. Cash and equivalents stand at $813M.
WEX has a beta of 1.44, meaning it is more volatile than the broader market — a $10,000 investment in WEX would be expected to move 43.6% more than the S&P 500 on any given day. The stability factor score for WEX Inc. is 55/100, reflecting average volatility within the normal range for its sector.
WEX Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, WEX Inc. reported revenue of $2.65B and earnings per share (EPS) of $8.57. Net income for the quarter was $323M. Gross margin was 59.8%. Operating income came in at $694M.
In FY 2025, WEX Inc. reported revenue of $2.66B and earnings per share (EPS) of $8.57. Net income for the quarter was $304M. Gross margin was 58.6%. Revenue grew 1.2% year-over-year compared to FY 2024. Operating income came in at $664M.
In Q3 2025, WEX Inc. reported revenue of $692M and earnings per share (EPS) of $2.34. Net income for the quarter was $80M. Gross margin was 60.4%. Revenue grew 4.0% year-over-year compared to Q3 2024. Operating income came in at $184M.
In Q2 2025, WEX Inc. reported revenue of $660M and earnings per share (EPS) of $1.98. Net income for the quarter was $68M. Gross margin was 58.7%. Revenue grew -2.1% year-over-year compared to Q2 2024. Operating income came in at $157M.
Over the past 8 quarters, WEX Inc. has demonstrated a growth trajectory, with revenue expanding from $674M to $2.65B. Investors analyzing WEX stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
WEX Dividend Yield and Income Analysis
WEX Inc. (WEX) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
WEX Momentum and Technical Analysis Profile
WEX Inc. (WEX) has a momentum factor score of 43/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 32/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 24/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
WEX vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, WEX Inc. (WEX) ranks #255 out of 752 stocks based on the Blank Capital composite score. This places WEX in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing WEX against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full WEX vs S&P 500 (SPY) comparison to assess how WEX Inc. stacks up against the broader market across all factor dimensions.
WEX Next Earnings Date
No upcoming earnings date has been announced for WEX Inc. (WEX) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy WEX? — Investment Thesis Summary
WEX Inc. presents a balanced picture with arguments on both sides. The value score of 75/100 suggests attractive pricing relative to fundamentals.
In summary, WEX Inc. (WEX) earns a Hold rating with a composite score of 48.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on WEX stock.
Related Resources for WEX Investors
Explore more research and tools: WEX vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare WEX head-to-head with peers: WEX vs SOBO, WEX vs TEN, WEX vs GLDD.