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WEX's revenue is $1.6 billion.

What is WEX's revenue?

WEX's annual revenue is $1.6B. Zippia's data science team found the following key financial metrics about WEX after extensive research and analysis.
  • WEX's revenue growth from 2010 to 2020 is 299.55%.
  • WEX has 3,500 employees, and the revenue per employee ratio is $445,676.
  • WEX's peak quarterly revenue was $673.5M in 2024(q2).
  • WEX peak revenue was $1.7B in 2019.
  • WEX annual revenue for 2019 was 1.7B, 15.48% growth from 2018.
  • WEX annual revenue for 2020 was 1.6B, -9.5% growth from 2019.

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Most recent quarter revenue
$665.5M (Q3'2024)
Company most recent quarter revenue
Peak revenue
$1.7B (2019)
Company peak revenue
Revenue / employee
$445,677
Company revenue / employee

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Most recent quarter revenue
$665.5M (Q3'2024)
Company most recent quarter revenue
Peak revenue
$1.7B (2019)
Company peak revenue
Revenue / employee
$445,677
Company revenue / employee

WEX historical revenue

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.

WEX annual revenue

$2B
$1B
$1B
$689M
$345M
$0
2015
2016
2017
2018
2019
2020

WEX annual revenue over time

Fiscal year / yearWEX 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

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WEX annual growth

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%.

WEX annual growth rate over time

YearWEX growth
2011
42%
2012
13%
2013
15%
2014
14%
2015
5%
2016
18%
2017
23%
2018
20%
2019
15%
2020
-10%

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WEX financial information

CEOMelissa D. Smith
IndustryConsumer Services
Company TypePublic
Employees Number3,500
Date Founded1983
HeadquartersSouth Portland, Maine
Number of Locations17
Revenue$1.6B
Net Income$167,193,000
Gross Proft$886.7M (2020)
EBITDA$9.9M (2020)
PE Ratio-23.52
Tax Rate0.1%
Market Capitalization$6.7B
Total Assets$11,529,400,000
TickerWEX

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WEX financing

WEX received early financing of $90.0M on 2020-06-30.

SeriesRound sizeDate
Post Ipo Equity$90M06/2020
Post Ipo Debt$310M06/2020

WEX investors

InvestorsSecurity type
Warburg PincusPost Ipo Equity
Warburg PincusPost Ipo Debt

WEX competitors

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 nameAverage salaryRevenueEmployee sizeJob openings
InComm Agent Solutions-$38.7M200-
Infinisource-$920,00035-
Telecommunications-$210,0006-
Spark Networks-$35.1M5-
Fairpoint Regional Utility System, Inc.-$5.0M10-
Aureon HR-$35.0M750-
EPB-$49.9M1-
universal system technologies-$6.9M100-
Telecom-$860,00050-
Mstar-$1.0B173-

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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).