# WEX share price today (WEX Inc., WEX)

> WEX Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. WEX · Technology · Software - Infrastructure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/wex

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: $181.97 (+24.7% in a year)
- P/E: 15.7×, over 4.6 years
- Revenue (Jun 2026): $754 M (+14.2% on a year ago)
- Profit (Jun 2026): $109 M (+59.3% on a year ago)
- Operating margin: 26.9% (+3.1 points on a year ago)
- ROE: 25%, FY25
- ROIC: 62.7%, against a 6.3% cost of capital: +56.4 points

Biggest thing to watch: the price has already been rising for 15 weeks, so timing is the risk more than the business. ## What is the WEX share price today? WEX Inc.'s share price was $181.97 at the close on 3 November 2026. It has been rising for 15 weeks. That is 10.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between $128 and $200, and at that close it sat 75% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 10 years the share price moved +96% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does WEX pay? WEX Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is WEX on? WEX is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is WEX profitable? WEX Inc. earned $109 M of net profit in the Jun 2026 quarter, +59.3% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY25 profit was $304 M. Over 4 years profit has grown 642.6% a year on average. That is 14.4% of the quarter's revenue. The same quarter a year earlier earned $68.1 M. For the full year, FY25 profit was $304 M (−1.8% on the year before). Why profit moved: revenue changed +14.2% on a year earlier and the margin moved +3.1 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +19.5% and revenue +7.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does WEX make, and is it growing? WEX Inc. reported $754 M of revenue in the Jun 2026 quarter, +14.2% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 4 years it has grown 9.5% a year on average. The last full year, FY25, came in at $2.7 B. The last four reported quarters add to $2.8 B. FY25 revenue was $2.7 B, +1.2% on the year before. Recent pace: the last four quarters grew +7.4% on average, against 9.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.5%, against +2.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +14.5%, against +19.4% a year (rolling over). ## How much of every $100 of sales does WEX keep? WEX Inc.'s operating margin was 26.9% in the Jun 2026 quarter, 3.1 percentage points higher than the same quarter a year ago. Across 5 years it has been between 18.6% and 26.6%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +3.1 percentage points on the year while gross margin changed +3.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is WEX's profit turning into cash? Over the last 3 years, 209% of WEX Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $454 M of operating cash against $304 M of profit. After $141 M of spending on assets, $314 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does WEX's cash go? WEX Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $432 M on assets over the last 3 years. Averaged over those years that is 5.4% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $432 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is WEX's P/E ratio, and how does it compare with its own history? WEX Inc.'s P/E is 15.7×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +12.9% while the price moved +24.7%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +1.3% a year; about +17.5% a year came from earnings growth and about −16.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the WEX business getting better or worse? WEX Inc.'s business is turning around. Profit growth has swung from −1.7% at its low to +14.5%, improving for 2 quarters in a row, with ROCE steady at 13.9%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does WEX earn on its capital? WEX Inc. earned a ROE of 25% in FY25. That is up from a low of 0% in FY21. Its return on capital used (ROIC) is 56.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 11.4% net margin and 0.18× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 11.4% net margin × 0.18× asset turnover × 11.66× leverage (assets divided by equity) ≈ 23.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 62.7% − 6.3% = +56.4 percentage points. The 6.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 62.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 39.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does WEX have too much debt? WEX Inc. has total debt of $5.4 B against shareholder equity of $1.3 B as of Jun 2026, so its debt is 3.98× its equity. Year by year, that ratio went from 1.40 in FY21 to 3.99 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the WEX shareholding pattern? 10.2% of WEX Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 5.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is WEX from balance-sheet trouble? For WEX Inc., the Z-score is 0.81. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.81 is inside the danger zone, so the balance sheet is a real risk. ## How does WEX rank in its industry? There is no score against its industry: WEX Inc. is not among the largest members shown in this industry comparison for Software - Infrastructure. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is WEX compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to WEX in size? WEX is the 40th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Qualys, Inc., UiPath, Inc. and Amdocs. Just below it: Box, Inc., ACI Worldwide, Inc. and Varonis Systems, Inc. ### Software - Infrastructure companies close in size

1. [Qualys, Inc.](https://www.sectoralpha.in/us/stocks/qlys) $7.3 billion
2. [UiPath, Inc.](https://www.sectoralpha.in/us/stocks/path) $6.8 billion
3. [Amdocs Limited](https://www.sectoralpha.in/us/stocks/dox) $6.5 billion
4. WEX Inc. $6 billion
5. [Box, Inc.](https://www.sectoralpha.in/us/stocks/box) $5.9 billion
6. [ACI Worldwide, Inc.](https://www.sectoralpha.in/us/stocks/aciw) $5.9 billion
7. [Varonis Systems, Inc.](https://www.sectoralpha.in/us/stocks/vrns) $5.6 billion

[All 117 Software - Infrastructure companies, largest first](https://www.sectoralpha.in/us/sectors/software-infrastructure#all-companies)

### Companies close in size in other industries

1. [LandBridge Company LLC](https://www.sectoralpha.in/us/stocks/lb) $6.1 billion · Oil & Gas Equipment & Services
2. [Essential Properties Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/eprt) $6.1 billion · REIT - Retail
3. WEX Inc. $6.1 billion
4. [Home BancShares, Inc.](https://www.sectoralpha.in/us/stocks/homb) $6.1 billion · Banks - Regional
5. [The Mosaic Company](https://www.sectoralpha.in/us/stocks/mos) $6 billion · Agricultural Inputs

## What else do people ask about WEX? ### What is WEX's stock price today? WEX Inc.'s stock price is $181.97, +24.7% over the past year. The whole company is worth $6.0 B on the market. In the last 52 weeks it traded between $128 to $200; today it is 75% of the way up from the low, 10.5% above its 200-day average (as of 3 November 2026). ### What were WEX's latest quarterly results? WEX Inc. reported revenue of $754 M and net profit of $109 M for the Jun 2026 quarter. Revenue rose 14.2% and profit rose 59.3% compared with a year earlier. Earnings per share were $3.11. The operating margin was 26.9%, 3.1 percentage points higher than a year earlier (as of 3 November 2026). ### What is WEX's market cap? WEX Inc.'s market capitalisation is $6.0 B at a stock price of $181.97. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is WEX performing? WEX Inc.'s share price has been rising for 15 weeks. In its latest quarter, revenue rose 14.2% and profit rose 59.3% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 3 November 2026). ### Will WEX's stock price go up? This page does not forecast WEX Inc.'s stock price. What it shows instead: the stock price is $181.97, and it has been rising for 15 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does WEX have too much debt? Yes, WEX Inc. has a lot of debt: its debt is 4.62× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Is WEX's profit real cash? Yes, over the last 3 years, 209% of WEX Inc.'s reported profit came in as cash from operations. The latest year was lower at 149%, so the trend is worth watching. In FY25, operating cash was $454 M against reported profit of $304 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is WEX in its business cycle? WEX Inc.'s FY25 operating margin was 25.3%, against a 5-year range of 18.6% to 26.6%: the middle of its own range, neither a peak nor a low. The latest quarter was 26.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the WEX story? Biggest thing to watch: the price has already been rising for 15 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is WEX a stock worth studying right now? What the numbers show: WEX Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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