WEX Inc. (WEX)

WEX, Inc. engages in the provision of payment processing and information management solutions. It offers fuel cards and fleets, employee benefits, and business payments products. It operates through the following segments: Mobility, Corporate Payments, and Benefits. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services. The Corporate Payments segment focuses on the complex payment environment of global business to business payments. The Benefits Segment provides SaaS software with embedded payment solutions and plan administration services for consumer directed health benefits. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.

Address

1 HANCOCK STREET
PORTLAND, ME 04101

Founded

1983

Number of Employees

7,200

Website

http://www.wexinc.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )		 $19,765 $22,010 - - - - - - $290,838 $295,328 $173,631 $160,314
Average Price $93.67 $104.81 - - - - - - $152.99 $176.36 $212.08 $166.46
# Shares Purchased 211,000 210,000 - - - - - - 1,901,063 1,674,612 818,705 963,076
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 111.4% 88.9% - - - - - - 29.4% 12.3% -6.6% 18.9%
S&P 500 Return to Date 181.9% 173.0% - - - - - - 37.3% 31.3% 7.4% 86.2%
Excess Total Return -70.5% -84.1% - - - - - - -7.8% -19.1% -14.0% -67.2%
Quartile Rank
Percentile Rank 61% 57% - - - - - - 69% 52% 29% 55%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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