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WEX Inc. - WEX STOCK NEWS

Welcome to our dedicated page for WEX news (Ticker: WEX), a resource for investors and traders seeking the latest updates and insights on WEX stock.

WEX Inc. (NYSE: WEX) is a global leader in corporate payment solutions designed to enhance business efficiency, security, and cost control. Founded in 1983 with a focus on fleet card payments, WEX has since diversified its offerings to encompass a wide array of corporate payment solutions, serving millions of cardholders across various sectors, including travel, healthcare, and employee benefits.

The company operates in three main segments: Mobility, Benefits, and Corporate Payments. The Mobility segment, which generates the highest revenue, offers fleet vehicle payment solutions, transaction processing, and information management services for both commercial and government fleets. The Corporate Payments segment provides business-to-business payment processing and transaction monitoring services. The Benefits segment focuses on healthcare payment products and a consumer-directed software platform.

WEX has a significant presence across North and South America, Europe, Australia, New Zealand, and Asia, employing over 2,000 associates. The company is committed to delivering exceptional payment security and control, ensuring that businesses of all sizes can operate efficiently and profitably.

Recent achievements highlight WEX's commitment to innovation and industry leadership. The company has filed a federal lawsuit against HP Inc. and Hewlett-Packard Development Company, L.P. for trademark infringement. This legal action underscores WEX's dedication to protecting its brand and intellectual property rights.

For more detailed information and the latest updates, visit WEX Inc.

News

WEX Inc. Reports First Quarter 2024 Financial Results

Rhea-AI Summary
WEX Inc. reported a 7% increase in Q1 revenue to a record $653 million, driven by growth in Benefits and Corporate Payments segments. GAAP net income was $1.55 per diluted share, while adjusted net income reached $3.46 per diluted share. The company raised its full-year 2024 financial guidance, showcasing a strong start to the year. Despite negative fuel price impacts, WEX remains confident in its ability to drive growth and innovation through strategic initiatives.
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WEX Signs Agreement with Leading Online Travel Platform Booking.com

Rhea-AI Summary
WEX has signed a new long-term agreement with Booking.com, making WEX the preferred virtual card provider for Booking.com. The agreement highlights WEX's enterprise-grade technology platform, global reach, and deep payments industry expertise, supporting Booking.com's vision to simplify travel-related payments. WEX's partnership with Booking.com dates back to 2013 and has evolved to include processing payments globally, emphasizing the importance of seamless travel experiences through virtual card and cross-currency capabilities.
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WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products

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WEX announces the general availability of WEX EV At-Home in the United States, a cutting-edge solution that automates reporting and reimbursement for organizations with electric vehicles. Coupled with WEX En Route, businesses can seamlessly integrate mixed fleets of electric and traditionally fueled vehicles, supporting innovation and efficiency. WEX continues to innovate to meet the evolving needs of commercial fleet managers, aiming to close the commercial EV adoption gap.
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WEX INC. FILES FEDERAL LAWSUIT AGAINST HP TO PROTECT TRADEMARK AND BRAND

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WEX files a federal lawsuit against HP for trademark infringement over the use of the 'WEX' name. WEX, a global commerce platform, accuses HP of causing confusion in the marketplace by launching a similar platform under the 'WEX' name. WEX aims to protect its brand and trademarks, seeking a preliminary injunction against HP's use of the 'WEX' name.
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WEX Inc. to Release First Quarter 2024 Financial Results on April 25, 2024

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WEX Inc. (WEX) announces the release of its first-quarter 2024 financial results and details a conference call hosted by top executives. The call will be webcast live and accessible through various channels, providing investors with valuable insights into the company's performance.
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WEX Hosts Tennis Legend Venus Williams at SPARK 2024

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WEX Inc. announces tennis champion Venus Williams and CEO Melissa Smith to inspire industry leaders at WEX SPARK 2024 conference, focusing on innovative technologies and business growth.
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WEX Named to Newsweek’s America’s Greatest Workplaces for Diversity, Women in 2024

Rhea-AI Summary
WEX (NYSE:WEX) has been recognized as one of America’s Greatest Workplaces for Diversity and Women for 2024 by Newsweek and Plant-A Insights Group. The company aims to achieve gender parity in leadership roles and increase diversity in its workforce by 2025. WEX has maintained global gender pay parity and focuses on promoting diversity and inclusion in its leadership positions.
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WEX to Present at 45th Annual Raymond James Institutional Investors Conference

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WEX Inc. CEO, Melissa Smith, to present at the 45th Annual Raymond James Institutional Investors Conference. The webcast will be live on March 5, 2024, at 10:25 AM ET. An audio replay will be available on the company's website for 90 days.
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WEX Board of Directors Authorizes Increased Share Repurchase Program

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WEX Inc. announces an amended share repurchase program authorizing the repurchase of an additional $400 million worth of common stock, totaling $1.05 billion by December 31, 2025. The company has already repurchased $478 million, leaving approximately $572 million of capacity. The program aims to drive sustainable cash generation, strategic growth investments, and value for shareholders.
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WEX to Present at KBW’s 2024 Fintech & Payments Conference

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WEX Inc. announces Melissa Smith, Chair and CEO, will present at KBW's 2024 Fintech & Payments Conference. The webcast will be available live on their website.
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FAQ

What is the current stock price of WEX (WEX)?

The current stock price of WEX (WEX) is $169.39 as of December 20, 2024.

What is the market cap of WEX (WEX)?

The market cap of WEX (WEX) is approximately 6.7B.

What does WEX Inc. specialize in?

WEX Inc. specializes in corporate payment solutions, including fleet vehicle payments, business-to-business payment processing, and healthcare payment products.

Which market segments does WEX Inc. operate in?

WEX Inc. operates in three main segments: Mobility, Benefits, and Corporate Payments.

Who are WEX Inc.'s main customers?

WEX Inc.'s customers range from small businesses to large enterprises, spanning sectors such as travel, healthcare, and fleet management.

Where does WEX Inc. have operations?

WEX Inc. has operations in North and South America, Europe, Australia, New Zealand, and Asia.

How many employees does WEX Inc. have?

WEX Inc. employs more than 2,000 associates globally.

What recent legal action has WEX Inc. taken?

WEX Inc. has filed a federal lawsuit against HP Inc. and Hewlett-Packard Development Company, L.P. for trademark infringement.

What is the Mobility segment of WEX Inc.?

The Mobility segment of WEX Inc. provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets.

What services are offered under the Corporate Payments segment?

The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services.

What does the Benefits segment of WEX Inc. involve?

The Benefits segment involves healthcare payment products and a consumer-directed software platform.

Where can I find more information about WEX Inc.?

You can find more information about WEX Inc. on their official website at www.wexinc.com.

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WEX Inc.

NYSE:WEX

WEX Rankings

#1084 Ranked by Market Cap
N/A Ranked by Dividends

WEX Stock Data

6.68B
39.45M
0.76%
107.82%
1.76%
Software - Infrastructure
Services-business Services, Nec
Link
United States of America
PORTLAND