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/company/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 Jupiter Topco, BlackRock,, PAR CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/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.

What drives WEX's revenue?

Per WEX Inc.'s latest 10-Q filed with the SEC on 2026-07-23, the biggest revenue drivers are: Mobility ($422.4M, +22% YoY); Benefits ($206.0M, +6% YoY); Corporate Payments ($125.1M, +6% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/WEX.

What are WEX's largest expenses?

WEX Inc.'s latest 10-Q reports these as the largest expense items: Provision for credit losses ($33.0M, +53% YoY); Sales and marketing ($112.7M, +15% YoY); General and administrative ($104.3M, +21% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

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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SEC EDGAR: CIK 1309108 WEX stock profile & AI dashboard →

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

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Why WEX Scores 49/100

exact factor attribution · 2026-09-11

WEX's composite is driven by profitability and scale, held back by revenue growth and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+3.0 pts

70th pct

Scale

+2.7 pts

68th pct

Earnings growth

+1.0 pts

70th pct

Capital efficiency

+0.5 pts

55th pct

Shareholder dilution

-1.1 pts

29th pct

Institutional flow

-1.1 pts

28th pct

Free cash flow

-1.7 pts

38th pct

Earnings quality

-1.9 pts

31th pct

Revenue growth

-2.6 pts

37th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

WEX Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for WEX Inc. (WEX), 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. WEX Inc.'s 13F Pro composite quality score has ranged between 28 and 62 since 2021, currently 48.9 — an improving long-term trajectory across 68 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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What's Driving WEX's Business? Latest 10-Q Breakdown

✓ 32/32 datapoints verified

AI-extracted from WEX Inc.'s 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 →Share on X

Revenue

Q2 2026

$753.5M

Net Income

Q2 2026

$108.5M

Free Cash Flow

Q2 2026

$-121.1M

Operating Margin

Q2 2026

27.0%

ROIC

Q2 2026

9.5%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+1.2% YoY

$2.66BFY 2025

FY22 $2.35BFY23 $2.55BFY24 $2.63BFY25 $2.66B

Net Income

-1.8% YoY

$304.1MFY 2025

FY22 $167.2MFY23 $266.6MFY24 $309.6MFY25 $304.1M

Operating Income

-3.3% YoY

$663.9MFY 2025

FY22 $469.8MFY23 $647.1MFY24 $686.3MFY25 $663.9M

EPS (Diluted)

+12.9% YoY

$8.47FY 2025

FY22 $4.50FY23 $6.16FY24 $7.50FY25 $8.47

Total Assets

+8.1% YoY

$14.40BFY 2025

FY22 $11.53BFY23 $13.88BFY24 $13.32BFY25 $14.40B

Total Debt

+9.1% YoY

$6.24BFY 2025

FY22 $2.77BFY23 $4.96BFY24 $5.72BFY25 $6.24B

Op. Cash Flow

-5.6% YoY

$454.3MFY 2025

FY22 $679.4MFY23 $907.9MFY24 $481.4MFY25 $454.3M

Free Cash Flow

-6.1% YoY

$313.7MFY 2025

FY22 $566.5MFY23 $764.3MFY24 $334.1MFY25 $313.7M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$2.66B +1.2%	$2.63B +3.1%	$2.55B +8.4%	$2.35B +27.0%	$1.85B +18.6%	$1.56B
Net Income	$304.1M -1.8%	$309.6M +16.1%	$266.6M +59.4%	$167.2M +23.6%	$135.3M +147.6%	$-283.9M
Operating Income	$663.9M -3.3%	$686.3M +6.1%	$647.1M +37.7%	$469.8M +37.4%	$342.0M +473.1%	$-91.7M
EPS (Diluted)	$8.47 +12.9%	$7.50 +21.8%	$6.16 +36.9%	$4.50	$0.00 +100.0%	$-5.56
Total Assets	$14.40B +8.1%	$13.32B -4.0%	$13.88B +20.4%	$11.53B +11.9%	$10.31B +25.9%	$8.18B
Total Debt	$6.24B +9.1%	$5.72B +15.2%	$4.96B +79.3%	$2.77B -4.7%	$2.91B -8.6%	$3.18B
Operating Cash Flow	$454.3M -5.6%	$481.4M -47.0%	$907.9M +33.6%	$679.4M +1694.8%	$-42.6M -105.8%	$736.8M
Free Cash Flow	$313.7M -6.1%	$334.1M -56.3%	$764.3M +34.9%	$566.5M +540.5%	$-128.6M -119.6%	$656.3M

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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

Jupiter Topco LLC
$559.7M3,967,061 sh
BlackRock, Inc.
$446.8M3,167,005 sh
PAR CAPITAL MANAGEMENT INC
$318.2M2,254,984 sh
MORGAN STANLEY
$275.0M1,949,295 sh
FMR LLC
$254.2M1,801,385 sh
Impactive Capital LP
$240.9M1,707,253 sh
VANGUARD CAPITAL MANAGEMENT LLC
$213.6M1,513,612 sh
Boston Partners
$210.8M1,493,028 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$201.9M1,430,765 sh
STATE STREET CORP
$159.9M1,133,228 sh

Fund	Value	Shares
Jupiter Topco LLC	$559.7M	3,967,061
BlackRock, Inc.	$446.8M	3,167,005
PAR CAPITAL MANAGEMENT INC	$318.2M	2,254,984
MORGAN STANLEY	$275.0M	1,949,295
FMR LLC	$254.2M	1,801,385
Impactive Capital LP	$240.9M	1,707,253
VANGUARD CAPITAL MANAGEMENT LLC	$213.6M	1,513,612
Boston Partners	$210.8M	1,493,028
VANGUARD PORTFOLIO MANAGEMENT LLC	$201.9M	1,430,765
STATE STREET CORP	$159.9M	1,133,228

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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. WEX is classified as a mid company.

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.