What is the 13F Pro Quality Score for WEX?

13F Pro ranks WEX Inc. (WEX) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View WEX's current score at https://13fpro.ai/research/WEX (free sign-up required for the full ranking).

Which hedge funds own the most WEX stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of WEX include JANUS HENDERSON GROUP PLC, BlackRock,, PAR CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/WEX as soon as new 13F filings post.

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.

What sector is WEX in?

WEX Inc. (WEX) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

How often is WEX research updated on 13F Pro?

WEX's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

WEX Inc.(WEX)Stock Analysis

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13F Pro Quality Score

49.0/100

Rank #1,527 of 2,879 stocks

View Industrials peers →

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

Revenue Growth

34.2/100

Profitability

81.4/100

Balance Sheet

51.9/100

Earnings Quality

54.6/100

Free Cash Flow

14.1/100

Institutional Flow

51.5/100

Revenue Scale

61.1/100

Dilution Risk

30.1/100

WEX Stock Analysis & AI Quality Score

AI stock analysis and institutional research for WEX Inc. (WEX), a Industrials sector company. 13F Pro's AI-powered ranking engine scores WEX at 49.0/100 on a 32-signal composite quality model, placing it at rank #1,527 of 2,879 stocks — the bottom half of the AI-ranked universe. WEX scores in the top quartile across profitability (81.4). Areas of concern include free cash flow (14.1) and revenue growth (34.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 30.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), WEX Inc. reports quarterly revenue of $673.8M, net income of $77.7M, an operating margin of 23.5%. Top institutional holders of WEX by reported 13-F value include JANUS HENDERSON GROUP PLC, 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. WEX Inc.'s 13F Pro composite quality score has ranged between 8 and 63 since 2021, currently 49.0 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about WEX Inc.

Quirks, history, and lore behind WEX — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial technology company · listed on NYSE · headquartered in Maine · operates in the payments and fleet management space.
2
The Numbers
Annual revenue in the range of $2–3 billion, serving tens of millions of vehicles worldwide — if it has wheels and needs fuel, this company probably wants to handle the transaction.
3
The History
Originally spun out of Wright Express, a subsidiary of the travel company Cendant, it went public in 2005 and has grown aggressively through acquisitions ever since.
4
The Secret
Beyond truckers and delivery fleets, it expanded deep into healthcare payments and travel-expense management — making it far weirder and wider than a simple fuel-card company.
5
The Lore
Its old corporate name — Wright Express — was quietly retired when the company outgrew its fuel-card origins; today its ticker is literally just three letters that sound like a comic-book sound effect.
6
The Giveaway
The go-to provider of fleet cards for commercial trucking, it rebranded simply to its three-letter ticker name — the same one you'd use to look it up on the stock exchange.

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Revenue

Q1 2026

$673.8M

Net Income

Q1 2026

$77.7M

Free Cash Flow

Q1 2026

$-368.3M

Operating Margin

Q1 2026

23.5%

ROIC

Q1 2026

3.2%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+13.2% YoY

$2.66BFY 2025

FY20 $1.56BFY21 $1.85BFY22 $2.35BFY25 $2.66B

Net Income

+81.9% YoY

$304.1MFY 2025

FY20 $-283.9MFY21 $135.3MFY22 $167.2MFY25 $304.1M

Operating Income

+41.3% YoY

$663.9MFY 2025

FY20 $-91.7MFY21 $342.0MFY22 $469.8MFY25 $663.9M

EPS (Diluted)

+88.2% YoY

$8.47FY 2025

FY20 $-5.56FY21 $0.00FY22 $4.50FY25 $8.47

Total Assets

+24.9% YoY

$14.40BFY 2025

FY20 $8.18BFY21 $10.31BFY22 $11.53BFY25 $14.40B

Total Debt

+125.3% YoY

$6.24BFY 2025

FY20 $3.18BFY21 $2.91BFY22 $2.77BFY25 $6.24B

Op. Cash Flow

-33.1% YoY

$454.3MFY 2025

FY20 $736.8MFY21 $-42.6MFY22 $679.4MFY25 $454.3M

Metric	FY 2025	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$2.66B +13.2%	$2.35B +27.0%	$1.85B +18.6%	$1.56B -9.5%	$1.72B +15.5%	$1.49B
Net Income	$304.1M +81.9%	$167.2M +23.6%	$135.3M +147.6%	$-283.9M -281.6%	$156.3M -7.1%	$168.3M
Operating Income	$663.9M +41.3%	$469.8M +37.4%	$342.0M +473.1%	$-91.7M -123.8%	$385.8M +1.4%	$380.6M
EPS (Diluted)	$8.47 +88.2%	$4.50	$0.00 +100.0%	$-5.56 -346.0%	$2.26 -41.5%	$3.86
Total Assets	$14.40B +24.9%	$11.53B +11.9%	$10.31B +25.9%	$8.18B -1.4%	$8.30B +22.6%	$6.77B
Total Debt	$6.24B +125.3%	$2.77B -4.7%	$2.91B -8.6%	$3.18B -0.1%	$3.18B +24.0%	$2.57B
Operating Cash Flow	$454.3M -33.1%	$679.4M +1694.8%	$-42.6M -105.8%	$736.8M +11.1%	$663.2M +65.7%	$400.2M

AI Insight: WEX Financial Trends

WEX debt load remains elevated at $6.9B in Q1 2026, constraining equity recovery despite stable revenue and modest operating income.

• Revenue has been range-bound between $636M and $692M over eight quarters, with Q1 2026 at $674M showing no meaningful growth acceleration.

• Operating income stalled at $157–$158M for three consecutive quarters (Q4 2024–Q1 2026), down from $196M in Q3 2024.

• Total debt surged from $5,509M in Q2 2024 to $7,124M in Q1 2025 and remains elevated at $6,923M in Q1 2026.

• Equity has partially recovered from a trough of $810M in Q1 2025 to $1,274M in Q1 2026, a modest positive trajectory.

⚠ Operating cash flow turned negative at -$331M in Q1 2026, repeating the -$482M pattern seen in Q1 2025 — a seasonal concern to monitor.

⚠ Debt reduction progress has stalled; Q1 2026 debt of $6,923M is near Q1 2025 peak, limiting balance sheet deleveraging.

⚠ Net income has remained narrow ($64M–$103M range) relative to the $6B+ debt base, signaling thin interest coverage headroom.

AI Insight: WEX Ratio Trends

Leverage surge to 8.79x D/E in Q1 2025 has partially unwound but ROIC has compressed to a 5-quarter low of 7.7% in Q1 2026.

• ROIC has declined from 10.2% in Q3 2024 to 7.7% in Q1 2026, a 250bp contraction over five quarters.

• D/E spiked from 3.84x in Q4 2024 to 8.79x in Q1 2025, then retreated to 5.43x in Q1 2026 — still well above pre-spike levels.

• Operating margin has held a narrow 23.5%–26.5% band across the last five quarters, suggesting relative stability in core profitability.

• ROA improved modestly from 1.9% in Q2 2025 to 2.3% in Q4 2025, before slipping back to 2.0% in Q1 2026.

⚠ D/E remains at 5.43x versus 3.09x–3.84x range seen in 2024 — pace of deleveraging is a key credit-quality signal to monitor.

⚠ ROIC at 7.7% in Q1 2026 is the lowest single-quarter reading in the dataset; a further decline would signal capital-efficiency deterioration.

⚠ Operating margin compressed to 23.5% in Q1 2026, the lowest in the series — watch whether Q2 2026 recovers toward the mid-to-high 20s.

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Available Research

13F Pro tracks comprehensive data for WEX Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of WEX

JANUS HENDERSON GROUP PLC
$599.3M3,916,073 sh
BlackRock, Inc.
$475.3M3,105,441 sh
PAR CAPITAL MANAGEMENT INC
$345.1M2,254,984 sh
MORGAN STANLEY
$321.4M2,100,268 sh
Impactive Capital LP
$261.3M1,707,253 sh
Boston Partners
$254.2M1,660,773 sh
VANGUARD CAPITAL MANAGEMENT LLC
$236.1M1,542,446 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$227.1M1,483,603 sh
AQR CAPITAL MANAGEMENT LLC
$199.8M1,305,443 sh
FMR LLC
$187.5M1,225,304 sh

Fund	Value	Shares
JANUS HENDERSON GROUP PLC	$599.3M	3,916,073
BlackRock, Inc.	$475.3M	3,105,441
PAR CAPITAL MANAGEMENT INC	$345.1M	2,254,984
MORGAN STANLEY	$321.4M	2,100,268
Impactive Capital LP	$261.3M	1,707,253
Boston Partners	$254.2M	1,660,773
VANGUARD CAPITAL MANAGEMENT LLC	$236.1M	1,542,446
VANGUARD PORTFOLIO MANAGEMENT LLC	$227.1M	1,483,603
AQR CAPITAL MANAGEMENT LLC	$199.8M	1,305,443
FMR LLC	$187.5M	1,225,304

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Is WEX a good stock to buy?

13F Pro's AI-powered analysis of WEX Inc. (WEX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WEX are available on the WEX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own WEX?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WEX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of WEX Inc.'s investment landscape.