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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 provider of corporate payment solutions specializing in fleet management, B2B transactions, and benefits administration. This news hub offers investors and professionals timely updates on strategic developments, financial performance, and operational milestones.

Access comprehensive coverage of earnings reports, partnership announcements, and technology innovations across WEX's core segments. Our curated collection ensures you stay informed about payment security advancements, fleet card program expansions, and healthcare payment solutions without promotional bias.

Key updates include corporate acquisitions, regulatory filings, leadership changes, and product launches. Bookmark this page for direct access to primary source materials and analysis-free reporting on WEX's global payment infrastructure developments.

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WEX has appointed Sara Trickett as Chief Legal Officer and Corporate Secretary, effective June 4, 2024. She will succeed Hilary Rapkin, who is retiring but will remain with the company as an executive advisor until March 2025. Trickett, who has been with WEX since 2021, previously served as Acting General Counsel and Assistant Corporate Secretary. She brings extensive legal experience from her prior roles at Visa and Latham & Watkins. CEO Melissa Smith expressed confidence in Trickett's leadership as WEX continues its strategic goals. Rapkin, who joined WEX in 1996, significantly contributed to the company's growth including its IPO and generating approximately $2.55 billion in revenue for 2023.

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Repay Holdings (NASDAQ: RPAY), a leading integrated payment solutions provider, has been recognized as WEX's Partner of the Year and inducted into the WEX Circle of Excellence at the WEX 2023 Community Awards. This accolade highlights REPAY's innovative approach and collaboration with WEX in providing next-generation payment technology for B2B vendor payments.

REPAY's automated vendor payment platform, which includes virtual card issuance and processing support from WEX, offers simplicity and efficiency, enhancing AP processes while ensuring security against payment fraud. REPAY's EVP, Darin Horrocks, emphasized the importance of this partnership in delivering secure, integrated solutions that drive client growth.

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WEX, a global commerce platform, announced that its Chair and CEO, Melissa Smith, will present at the William Blair Growth Stock Conference on June 4, 2024, at 1:00 PM ET. The presentation will be streamed live on the Investor Relations section of the company's website, with an audio replay available for 90 days.

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WEX has reached an agreement with Shell to manage Shell's portfolio of commercial fleet cards across North America, providing a full range of solutions for commercial customers. This collaboration combines WEX's software and payments expertise with Shell's brand presence to benefit enterprise-level fleet operators and small business fleets. The agreement demonstrates WEX's commitment to simplifying fleet management processes and running businesses efficiently.

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WEX Inc. (NYSE: WEX) will present at upcoming investor conferences. Senior executives will present at the Barclays Emerging Payments and FinTech Forum on May 15 and the JPMorgan Global Technology, Media and Communications Conference on May 21. Webcasts of the presentations will be available on the Company's website.

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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 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 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 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. (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 Inc

NYSE:WEX

WEX Rankings

WEX Stock Data

4.96B
33.86M
0.78%
106.8%
2.69%
Software - Infrastructure
Services-business Services, Nec
Link
United States
PORTLAND