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WEX's peak revenue was $1.7B in 2019. The peak quarterly revenue was $673.5M in 2024(q2).
WEX's revenue increased from $390.4m in 2010 to $1.6B currently. That's a 299.55% change in annual revenue.
| Fiscal year / year | WEX revenue |
|---|---|
| 2010 | $390.4M |
| 2011 | $553.1M |
| 2012 | $623.2M |
| 2013 | $717.5M |
| 2014 | $817.6M |
| 2015 | $854.6M |
| 2016 | $1.0B |
| 2017 | $1.2B |
| 2018 | $1.5B |
| 2019 | $1.7B |
| 2020 | $1.6B |
Rate WEX's financial transparency
WEX saw the greatest revenue growth in 2011, when revenue increased by 41.67%.
WEX had the lowest revenue growth in 2020, when revenue changed by -9.5%.
| Year | WEX growth |
|---|---|
| 2011 | 42%↑ |
| 2012 | 13%↑ |
| 2013 | 15%↑ |
| 2014 | 14%↑ |
| 2015 | 5%↑ |
| 2016 | 18%↑ |
| 2017 | 23%↑ |
| 2018 | 20%↑ |
| 2019 | 15%↑ |
| 2020 | -10%↓ |
Do you work at WEX?
Is WEX transparent about its revenue structure?
| CEO | Melissa D. Smith |
| Industry | Consumer Services |
| Company Type | Public |
| Employees Number | 3,500 |
| Date Founded | 1983 |
| Headquarters | South Portland, Maine |
| Number of Locations | 17 |
| Revenue | $1.6B |
| Net Income | $167,193,000 |
| Gross Proft | $886.7M (2020) |
| EBITDA | $9.9M (2020) |
| PE Ratio | -23.52 |
| Tax Rate | 0.1% |
| Market Capitalization | $6.7B |
| Total Assets | $11,529,400,000 |
| Ticker | WEX |
WEX received early financing of $90.0M on 2020-06-30.
| Series | Round size | Date |
|---|---|---|
| Post Ipo Equity | $90M | 06/2020 |
| Post Ipo Debt | $310M | 06/2020 |
| Investors | Security type |
|---|---|
| Warburg Pincus | Post Ipo Equity |
| Warburg Pincus | Post Ipo Debt |
WEX's top competitor, Pitney Bowes, earned an annual revenue of $2.0B.
WEX's smallest competitor is Telecommunications with revenue of $210.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| InComm Agent Solutions | - | $38.7M | 200 | - |
| Infinisource | - | $920,000 | 35 | - |
| Telecommunications | - | $210,000 | 6 | - |
| Spark Networks | - | $35.1M | 5 | - |
| Fairpoint Regional Utility System, Inc. | - | $5.0M | 10 | - |
| Aureon HR | - | $35.0M | 750 | - |
| EPB | - | $49.9M | 1 | - |
| universal system technologies | - | $6.9M | 100 | - |
| Telecom | - | $860,000 | 50 | - |
| Mstar | - | $1.0B | 173 | - |
Zippia gives an in-depth look into the details of WEX, including salaries, political affiliations, employee data, and more, in order to inform job seekers about WEX. The employee data is based on information from people who have self-reported their past or current employments at WEX. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by WEX. The data presented on this page does not represent the view of WEX and its employees or that of Zippia.
WEX may also be known as or be related to WEX, WEX Inc, WEX Inc., Wex, Wex Inc. and Wex Inc. (nyse: Wex).