WEX is the ticker symbol for WEX Inc., a publicly traded Industrials sector company listed on NYSE. 13F Pro tracks WEX with AI-powered analysis, a 32-signal quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is WEX a good stock to buy?

13F Pro's AI ranking engine scores WEX at 48.9/100, ranked #1,691 of 2,961 stocks based on 32 fundamental signals including profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for WEX is available at https://13fpro.ai/company/WEX. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source WEX data?

All WEX Inc. fundamentals and ownership data come directly from SEC EDGAR. WEX Inc. files with the SEC under CIK 1309108. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

WEX Inc.(WEX)— Stock Profile, AI Score & Financials

Industrials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated 2026-06-30.

WEX Inc. (WEX) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores WEX at 48.9/100 on a 32-signal composite quality model, placing it at rank #1,691 of 2,961 stocks — the bottom half of the AI-ranked universe. Areas of concern include institutional flow (28.3) and earnings quality (30.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 28.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), WEX Inc. reports quarterly revenue of $753.5M, net income of $108.5M, an operating margin of 27.0%. Top institutional holders of WEX by reported 13-F value include Jupiter Topco, BlackRock, PAR CAPITAL MANAGEMENT, based on the most recent SEC filings. WEX trades on the NYSE exchange and files with the SEC under CIK 1309108. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WEX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WEX Inc. directly from SEC EDGAR.

AI Quality Score

48.9/100

AI Rank

#1,691

Revenue

$753.5M

Net Income

$108.5M

Free Cash Flow

$-121.1M

Operating Margin

27.0%

WEX key financials by period

WEX Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Operating margin
FY 2025	10-K	$2.7B	$304.1M	24.9%
FY 2024	10-K	$2.6B	$309.6M	26.1%
FY 2023	10-K	$2.5B	$266.6M	25.4%
FY 2022	10-K	$2.4B	$167.2M	20.0%
FY 2021	10-K	$1.9B	$135.3M	18.5%
FY 2020	10-Q	$1.6B	$-283.9M	-5.9%

Institutions holding WEX

Institutional investors reporting a position in WEX Inc. on SEC Form 13F.
Institution	Shares	Value	Reported
Jupiter Topco	3,967,061	$559.7M	2026-06-30
BlackRock	3,167,005	$446.8M	2026-06-30
PAR CAPITAL MANAGEMENT	2,254,984	$318.2M	2026-06-30
MORGAN STANLEY	1,949,295	$275.0M	2026-06-30
FMR	1,801,385	$254.2M	2026-06-30
Impactive Capital	1,707,253	$240.9M	2026-06-30
VANGUARD CAPITAL MANAGEMENT	1,513,612	$213.6M	2026-06-30
Boston Partners	1,493,028	$210.8M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT	1,430,765	$201.9M	2026-06-30
STATE STREET	1,133,228	$159.9M	2026-06-30

SEC EDGAR: CIK 1309108 →

WEX Inc.

WEX

NYSEMid CapIndustrials

13F Pro Quality Score

48.9/100

Rank #1,691 of 2,961 stocks

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

37.2/100

Profitability

70.3/100

Balance Sheet

54.7/100

Earnings Quality

30.6/100

Free Cash Flow

38.4/100

Institutional Flow

28.3/100

Revenue Scale

68.3/100

Dilution Risk

28.7/100

Price Chart

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What's Driving WEX's Business? Latest 10-Q Breakdown

32/32 datapoints verified

AI-extracted from the 10-Q filed 2026-07-23 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

WEX reported Q2 2026 revenue of $753.5M, up 14% YoY, driven by higher fuel prices in Mobility and network incentives in Corporate Payments, with net income up 59% to $108.5M.

Biggest Revenue Drivers

Mobility$422.4M+22% YoY

Higher average U.S. fuel prices drove payment processing revenue up 31%, with higher finance fee revenue from increased late fees and factoring fees on elevated receivable balances.

Benefits$206.0M+6% YoY

Growth driven by higher HSA deposits yielding increased custodial investment revenue and higher payment processing revenues, offset by lower program fees on reduced third-party held HSA deposits.

Biggest Revenue Drivers

Total revenue: $753.5M+14% YoY

Mobility$422.4M+22% YoY

Higher average U.S. fuel prices drove payment processing revenue up 31%, with higher finance fee revenue from increased late fees and factoring fees on elevated receivable balances.

Benefits$206.0M+6% YoY

Growth driven by higher HSA deposits yielding increased custodial investment revenue and higher payment processing revenues, offset by lower program fees on reduced third-party held HSA deposits.

Corporate Payments$125.1M+6% YoY

Higher net interchange rate from increased network incentives, partially offset by lower purchase volumes from travel timing and seasonal patterns.

Largest Expense Items

Provision for credit losses$33.0M+53% YoY

Driven by higher accounts receivable balances from increased fuel prices and higher loss rates in Mobility segment during first half of 2026.

Sales and marketing$112.7M+15% YoY

Increased from sustained sales initiatives investments made throughout 2025, higher partner commissions, and higher stock-based compensation from increased attainments.

General and administrative$104.3M+21% YoY

Higher professional services and expenses related to proxy contest concluded in Q2 2026, plus increased stock-based compensation from higher performance-based attainments.

Processing costs$161.0M-1% YoY

Relatively flat year-over-year despite higher transaction volumes, reflecting operational efficiency.

Margins: Operating margin expanded to 27.0% from 23.8% YoY, driven primarily by higher domestic fuel prices which are accretive to earnings since most costs are fixed. This was partially offset by increased credit losses and sales/marketing investments. Segment adjusted operating income margin for Mobility improved 450 bps to 43.2%, while Benefits margin declined 300 bps to 40.5% due to nonrecurring operating costs.

Watch Items from the Filing

Mobility segment provision for credit losses increased 111% YoY to $32.3M in Q2, driven by higher receivables from fuel prices and elevated loss rates; credit losses in basis points rose to 16.1 bps from 13.5 bps.
Corporate Payments purchase volume declined 4% YoY in Q2 2026 to $19.8B, reflecting travel seasonal timing between first and second half of year; segment remains concentrated in travel payments.
WEX Bank regulatory capital ratios remain well-capitalized with Total Capital to risk-weighted assets at 13.48% vs 10% minimum; however, WEX Bank remains subject to FDIC consent order from September 2023 requiring ongoing compliance improvements.
HSA custodial cash assets held by WEX Bank increased to $4.8B of $5.2B total, up from lower third-party holdings, creating greater deposit funding dependency and potential basis risk on custodial investment yields.
Financing interest expense decreased $12.8M YoY in Q2 to $52.2M due to lower rates and reduced Revolving Credit borrowings, but six-month expense remained elevated by Senior Notes issued March 2025.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →