WEX Inc.
WEX · Services-Business Services, NEC · 34.7M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $176M (gross $303M, SBC $127M)
Reference price $144.84 · est. market cap ~$5.0B — last insider sale, 2026-05-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64gen composite 44pct→64
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 3.94)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
58.6%
Operating margin
25.0%
Net margin
11.4%
Return on equity
24.6%
Return on assets
2.1%
ROIC
8.6%
Revenue growth (QoQ)
5.8%
Net-income growth
-1.8%
Debt / equity
3.9×
Net debt / EBITDA
-0.5×
Current ratio
1.0×
Free cash flow
$314M
EBITDA
$995M
Tangible book value
-$2.9B
Cash & investments
$5.3B
Stock comp / revenue
3.8%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Melissa SmithChair | CEO, and President | $13M FY2024 |
| Smith Melissa D | Chair, CEO, and President | — |
| Carriedo Carlos | COO, Amer. Payments & Mobility | — |
| DHAWAN SACHIN | Chief Technology Officer | — |
| Drew Ann Elena | Chief Risk and Compliance | — |
| Jagtar NarulaChief Financial Officer | Officer | $4M FY2024 |
| Karen Stroup ** | Chief Digital Officer | $4M FY2024 |
| Kimball Jennifer | Chief Accounting Officer | — |
| Kuohn Sandra D. | Chief People Officer | — |
| Narula Jagtar | Chief Financial Officer | — |
| Robert DeshaiesChief Operating Officer | Benefits | $4M FY2024 |
| Sachin DhawanChief Technology Officer | Officer | $4M FY2024 |
| Trickett Sara | Chief Legal Officer | — |
| Adams Kurt Patrick | Director | — |
| Aimee Cardwell | Director | $385K FY2024 |
| Alemany Ellen R | Director | — |
| Callahan Don | Director | — |
| Daniel Callahan | Director | $305K FY2024 |
| Derrick Roman | Director | $315K FY2024 |
| Foss David B | Director | — |
| Jack VanWoerkom | Director | $328K FY2024 |
| James Groch | Director | $298K FY2024 |
| James Neary | Director | $292K FY2024 |
| Nancy Altobello | Director | $305K FY2024 |
| Regina O. Sommer | Director | $30K FY2024 |
| Shikhar Ghosh | Director | $285K FY2024 |
| Stephen Smith | Director | $310K FY2024 |
| Susan Sobbott | Director | $285K FY2024 |
| Wolfe Lauren Taylor | Director | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-30 | Callahan Don | Grant | 186 | — |
| 2026-06-30 | Wolfe Lauren Taylor | Grant | 79 | — |
| 2026-06-30 | GROCH JAMES R | Grant | 186 | — |
| 2026-06-30 | Adams Kurt Patrick | Grant | 79 | — |
| 2026-06-17 | Trickett Sara | Option exercise | 75 | — |
| 2026-06-17 | Trickett Sara | Tax withheld | 29 | $131.27 |
| 2026-06-17 | Trickett Sara | Option exercise | 98 | — |
| 2026-06-17 | Carriedo Carlos | Option exercise | 391 | — |
| 2026-06-17 | Trickett Sara | Tax withheld | 23 | $131.27 |
| 2026-06-17 | Carriedo Carlos | Tax withheld | 174 | $131.27 |
| 2026-05-28 | Deshaies Robert Joseph | Sell | 1.2K | $144.84 |
| 2026-05-18 | GROCH JAMES R | Buy | 1.5K | $142.95 |
| 2026-05-15 | Roman Derrick A. | Option exercise | 1.6K | — |
| 2026-05-15 | Sobbott Susan | Option exercise | 1.6K | — |
| 2026-05-15 | Callahan Don | Option exercise | 1.6K | — |
| 2026-05-15 | GROCH JAMES R | Option exercise | 1.6K | — |
| 2026-05-15 | Cardwell Aimee | Option exercise | 1.6K | — |
| 2026-05-15 | Smith Stephen Montgomery | Option exercise | 1.6K | — |
| 2026-04-16 | Dearborn Joel Alan JR | Sell | 3.5K | $175.00 |
| 2026-04-01 | Dearborn Joel Alan JR | Sell | 73 | $147.93 |
| 2026-04-01 | Dearborn Joel Alan JR | Sell | 168 | $151.14 |
| 2026-04-01 | Dearborn Joel Alan JR | Sell | 341 | $150.32 |
| 2026-04-01 | Dearborn Joel Alan JR | Sell | 93 | $148.70 |
| 2026-04-01 | Dearborn Joel Alan JR | Sell | 2.1K | $152.71 |
| 2026-04-01 | Dearborn Joel Alan JR | Sell | 675 | $152.42 |
| 2026-03-31 | GROCH JAMES R | Grant | 171 | — |
| 2026-03-31 | Callahan Don | Grant | 171 | — |
| 2026-03-19 | Kimball Jennifer | Sell | 104 | $147.66 |
| 2026-03-17 | Kimball Jennifer | Sell | 715 | $157.82 |
| 2026-03-17 | Trickett Sara | Option exercise | 506 | — |
| 2026-03-17 | Drew Ann Elena | Option exercise | 506 | — |
| 2026-03-17 | Drew Ann Elena | Tax withheld | 225 | $156.79 |
| 2026-03-17 | Drew Ann Elena | Option exercise | 533 | — |
| 2026-03-17 | Drew Ann Elena | Tax withheld | 237 | $156.79 |
| 2026-03-17 | Stroup Karen B. | Option exercise | 843 | — |
| 2026-03-17 | Stroup Karen B. | Tax withheld | 332 | $156.79 |
| 2026-03-17 | Stroup Karen B. | Option exercise | 888 | — |
| 2026-03-17 | Stroup Karen B. | Tax withheld | 350 | $156.79 |
| 2026-03-17 | Narula Jagtar | Option exercise | 1.3K | — |
| 2026-03-17 | Narula Jagtar | Tax withheld | 562 | $156.79 |
| 2026-03-17 | Narula Jagtar | Option exercise | 1.3K | — |
| 2026-03-17 | Narula Jagtar | Tax withheld | 592 | $156.79 |
| 2026-03-17 | Deshaies Robert Joseph | Option exercise | 675 | — |
| 2026-03-17 | Deshaies Robert Joseph | Tax withheld | 335 | $156.79 |
| 2026-03-17 | Deshaies Robert Joseph | Option exercise | 711 | — |
| 2026-03-17 | Deshaies Robert Joseph | Tax withheld | 353 | $156.79 |
| 2026-03-17 | Dearborn Joel Alan JR | Option exercise | 843 | — |
| 2026-03-17 | Trickett Sara | Tax withheld | 149 | $156.79 |
| 2026-03-17 | Dearborn Joel Alan JR | Option exercise | 888 | — |
| 2026-03-17 | Dearborn Joel Alan JR | Tax withheld | 394 | $156.79 |
| 2026-03-17 | DHAWAN SACHIN | Option exercise | 1.3K | — |
| 2026-03-17 | DHAWAN SACHIN | Tax withheld | 628 | $156.79 |
| 2026-03-17 | DHAWAN SACHIN | Option exercise | 1.3K | — |
| 2026-03-17 | DHAWAN SACHIN | Tax withheld | 661 | $156.79 |
| 2026-03-17 | Smith Melissa D | Option exercise | 7.5K | — |
| 2026-03-17 | Smith Melissa D | Tax withheld | 3.3K | $156.79 |
| 2026-03-17 | Dearborn Joel Alan JR | Tax withheld | 374 | $156.79 |
| 2026-03-17 | Trickett Sara | Option exercise | 533 | — |
| 2026-03-17 | Trickett Sara | Tax withheld | 237 | $156.79 |
| 2026-03-17 | Carriedo Carlos | Option exercise | 1.8K | — |
| 2026-03-17 | Carriedo Carlos | Tax withheld | 786 | $156.79 |
| 2026-03-17 | Kimball Jennifer | Option exercise | 295 | — |
| 2026-03-17 | Kimball Jennifer | Tax withheld | 87 | $156.79 |
| 2026-03-17 | Kimball Jennifer | Option exercise | 310 | — |
| 2026-03-17 | Kimball Jennifer | Tax withheld | 91 | $156.79 |
| 2026-03-15 | DHAWAN SACHIN | Tax withheld | 2.9K | $159.95 |
| 2026-03-15 | DHAWAN SACHIN | Option exercise | 537 | — |
| 2026-03-15 | DHAWAN SACHIN | Tax withheld | 267 | $159.95 |
| 2026-03-15 | Smith Melissa D | Option exercise | 2.5K | — |
| 2026-03-15 | Smith Melissa D | Tax withheld | 1.1K | $159.95 |
| 2026-03-15 | Smith Melissa D | Option exercise | 37K | — |
| 2026-03-15 | Smith Melissa D | Tax withheld | 16K | $159.95 |
| 2026-03-15 | Smith Melissa D | Option exercise | 3.5K | — |
| 2026-03-15 | Smith Melissa D | Tax withheld | 1.5K | $159.95 |
| 2026-03-15 | Narula Jagtar | Option exercise | 886 | — |
| 2026-03-15 | Trickett Sara | Option exercise | 89 | — |
| 2026-03-15 | Trickett Sara | Tax withheld | 27 | $159.95 |
| 2026-03-15 | Trickett Sara | Option exercise | 79 | — |
| 2026-03-15 | Trickett Sara | Tax withheld | 24 | $159.95 |
| 2026-03-15 | Trickett Sara | Option exercise | 964 | — |
| 2026-03-15 | Trickett Sara | Tax withheld | 428 | $159.95 |
| 2026-03-15 | Trickett Sara | Option exercise | 56 | — |
| 2026-03-15 | Trickett Sara | Tax withheld | 25 | $159.95 |
| 2026-03-15 | Carriedo Carlos | Option exercise | 1.2K | — |
| 2026-03-15 | Carriedo Carlos | Tax withheld | 339 | $159.95 |
| 2026-03-15 | Carriedo Carlos | Option exercise | 964 | — |
| 2026-03-15 | Carriedo Carlos | Tax withheld | 283 | $159.95 |
| 2026-03-15 | Carriedo Carlos | Option exercise | 6.3K | — |
| 2026-03-15 | Carriedo Carlos | Tax withheld | 2.6K | $159.95 |
| 2026-03-15 | Kimball Jennifer | Option exercise | 154 | — |
| 2026-03-15 | Kimball Jennifer | Tax withheld | 46 | $159.95 |
| 2026-03-15 | Kimball Jennifer | Option exercise | 201 | — |
| 2026-03-15 | Kimball Jennifer | Tax withheld | 59 | $159.95 |
| 2026-03-15 | Kimball Jennifer | Option exercise | 1.7K | — |
| 2026-03-15 | Kimball Jennifer | Tax withheld | 492 | $159.95 |
| 2026-03-15 | Kimball Jennifer | Option exercise | 143 | — |
| 2026-03-15 | Kimball Jennifer | Tax withheld | 42 | $159.95 |
| 2026-03-15 | Drew Ann Elena | Option exercise | 270 | — |
| 2026-03-15 | Drew Ann Elena | Tax withheld | 120 | $159.95 |
| 2026-03-15 | Drew Ann Elena | Option exercise | 256 | — |
| 2026-03-15 | Drew Ann Elena | Tax withheld | 114 | $159.95 |
| 2026-03-15 | Drew Ann Elena | Option exercise | 2.9K | — |
| 2026-03-15 | Drew Ann Elena | Tax withheld | 1.3K | $159.95 |
| 2026-03-15 | Drew Ann Elena | Option exercise | 183 | — |
| 2026-03-15 | Drew Ann Elena | Tax withheld | 82 | $159.95 |
| 2026-03-15 | Stroup Karen B. | Option exercise | 655 | — |
| 2026-03-15 | Stroup Karen B. | Tax withheld | 160 | $159.95 |
| 2026-03-15 | Stroup Karen B. | Option exercise | 732 | — |
| 2026-03-15 | Stroup Karen B. | Tax withheld | 179 | $159.95 |
| 2026-03-15 | Stroup Karen B. | Option exercise | 7.1K | — |
| 2026-03-15 | Stroup Karen B. | Tax withheld | 2.4K | $159.95 |
| 2026-03-15 | Stroup Karen B. | Option exercise | 522 | — |
| 2026-03-15 | Stroup Karen B. | Tax withheld | 206 | $159.95 |
| 2026-03-15 | Narula Jagtar | Tax withheld | 261 | $159.95 |
| 2026-03-15 | Narula Jagtar | Option exercise | 860 | — |
| 2026-03-15 | Narula Jagtar | Tax withheld | 253 | $159.95 |
| 2026-03-15 | Narula Jagtar | Option exercise | 9.6K | — |
| 2026-03-15 | Narula Jagtar | Tax withheld | 4.0K | $159.95 |
| 2026-03-15 | Narula Jagtar | Option exercise | 613 | — |
| 2026-03-15 | Narula Jagtar | Tax withheld | 272 | $159.95 |
| 2026-03-15 | Deshaies Robert Joseph | Option exercise | 1.2K | — |
| 2026-03-15 | Deshaies Robert Joseph | Tax withheld | 407 | $159.95 |
| 2026-03-15 | Deshaies Robert Joseph | Option exercise | 693 | — |
| 2026-03-15 | Deshaies Robert Joseph | Tax withheld | 240 | $159.95 |
| 2026-03-15 | Deshaies Robert Joseph | Option exercise | 13K | — |
| 2026-03-15 | Deshaies Robert Joseph | Tax withheld | 6.3K | $159.95 |
| 2026-03-15 | Deshaies Robert Joseph | Option exercise | 494 | — |
| 2026-03-15 | Deshaies Robert Joseph | Tax withheld | 245 | $159.95 |
| 2026-03-15 | Dearborn Joel Alan JR | Option exercise | 886 | — |
| 2026-03-15 | Dearborn Joel Alan JR | Tax withheld | 261 | $159.95 |
| 2026-03-15 | Dearborn Joel Alan JR | Option exercise | 542 | — |
| 2026-03-15 | Dearborn Joel Alan JR | Tax withheld | 160 | $159.95 |
| 2026-03-15 | Dearborn Joel Alan JR | Option exercise | 9.6K | — |
| 2026-03-15 | Dearborn Joel Alan JR | Tax withheld | 4.0K | $159.95 |
| 2026-03-15 | Dearborn Joel Alan JR | Option exercise | 386 | — |
| 2026-03-15 | Dearborn Joel Alan JR | Tax withheld | 172 | $159.95 |
| 2026-03-15 | DHAWAN SACHIN | Option exercise | 753 | — |
| 2026-03-15 | DHAWAN SACHIN | Tax withheld | 261 | $159.95 |
| 2026-03-15 | DHAWAN SACHIN | Option exercise | 6.4K | — |
| 2026-02-25 | Trickett Sara | Sell | 1.8K | $149.95 |
| 2026-02-24 | Deshaies Robert Joseph | Sell | 332 | $151.16 |
| 2026-02-24 | Deshaies Robert Joseph | Sell | 86 | $151.88 |
| 2026-02-24 | Deshaies Robert Joseph | Sell | 2.8K | $150.06 |
| 2026-02-23 | Kimball Jennifer | Grant | 1.9K | $151.67 |
| 2026-02-23 | Kimball Jennifer | Tax withheld | 594 | $151.67 |
| 2026-02-23 | Drew Ann Elena | Grant | 2.2K | $151.67 |
| 2026-02-23 | Drew Ann Elena | Tax withheld | 675 | $151.67 |
| 2026-02-23 | Stroup Karen B. | Grant | 2.7K | $151.67 |
| 2026-02-23 | Stroup Karen B. | Tax withheld | 685 | $151.67 |
| 2026-02-23 | Narula Jagtar | Grant | 3.2K | $151.67 |
| 2026-02-23 | Narula Jagtar | Tax withheld | 974 | $151.67 |
| 2026-02-23 | Deshaies Robert Joseph | Grant | 3.7K | $151.67 |
| 2026-02-23 | Deshaies Robert Joseph | Tax withheld | 1.3K | $151.67 |
| 2026-02-23 | Dearborn Joel Alan JR | Grant | 3.1K | $151.67 |
| 2026-02-23 | Dearborn Joel Alan JR | Tax withheld | 939 | $151.67 |
| 2026-02-23 | DHAWAN SACHIN | Grant | 4.0K | $151.67 |
| 2026-02-23 | DHAWAN SACHIN | Tax withheld | 1.4K | $151.67 |
| 2026-02-23 | Smith Melissa D | Grant | 8.9K | $151.67 |
| 2026-02-23 | Smith Melissa D | Tax withheld | 3.0K | $151.67 |
| 2026-02-23 | Trickett Sara | Grant | 2.6K | $151.67 |
| 2026-02-23 | Trickett Sara | Tax withheld | 810 | $151.67 |
| 2026-02-23 | Carriedo Carlos | Grant | 3.0K | $151.67 |
| 2026-02-23 | Carriedo Carlos | Tax withheld | 913 | $151.67 |
| 2026-02-18 | Carriedo Carlos | Sell | 1.6K | $159.90 |
| 2026-02-11 | Deshaies Robert Joseph | Option exercise | 1.0K | $77.20 |
| 2026-02-11 | Deshaies Robert Joseph | Sell | 1.0K | $166.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-14 | Shareholder voteOther | filing ↗ |
| 2026-05-04 | Material agreementReg FDOtherExhibits | filing ↗ |
| 2026-04-22 | ResultsExhibits | filing ↗ |
| 2026-02-04 | ResultsExhibits | filing ↗ |
| 2026-01-12 | Exec/director changeReg FD | filing ↗ |
| 2025-10-29 | ResultsExec/director changeExhibits | filing ↗ |
| 2025-07-23 | ResultsExhibits | filing ↗ |
| 2025-05-20 | Exec/director changeShareholder voteExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-14 | 2026-05-14 | 0001309108-26-000019 ↗ |
| 8-K | 2026-05-04 | 2026-05-03 | 0001213900-26-051676 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0001309108-26-000017 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001309108-26-000014 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0001309108-26-000010 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001309108-26-000005 ↗ |
| 8-K | 2026-01-12 | 2026-01-10 | 0001140361-26-000891 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001309108-25-000190 ↗ |
| 8-K | 2025-10-29 | 2025-10-26 | 0001309108-25-000187 ↗ |
| 10-Q | 2025-07-24 | 2025-06-30 | 0001309108-25-000174 ↗ |
| 8-K | 2025-07-23 | 2025-07-23 | 0001309108-25-000171 ↗ |
| 8-K | 2025-05-20 | 2025-05-15 | 0001309108-25-000146 ↗ |