WEX Inc.

WEX Inc. is a global commerce platform headquartered in Portland, Maine, that specializes in providing payment processing and information management services. The company's mission is to simplify the business of running a business by translating complex financial processes into seamless digital experiences. WEX was founded in 1983 as Wright Express Corp. and rebranded to WEX Inc. in 2012 to reflect its expanded focus beyond traditional fleet services.

The company operates across three primary segments: Mobility, Corporate Payments, and Benefits. The Mobility segment offers fleet payment solutions, fuel cards, and telematics for commercial and government vehicle fleets. The Corporate Payments segment provides automated B2B payment solutions, including virtual cards and accounts payable automation, for various industries such as travel and fintech. The Benefits segment delivers a Software-as-a-Service (SaaS) platform for consumer-directed healthcare benefits, including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and COBRA administration.

Melissa D. Smith serves as the President, Director, and CEO of WEX. The company recently reported its first-quarter 2026 financial results, with revenues of $673.8 million and adjusted net income of $4.15 per diluted share, and subsequently raised its full-year 2026 guidance. WEX has also been in the news regarding an activist investor, Impactive Capital, advocating for board changes, citing concerns over operational performance and governance. In recent product developments, WEX introduced a specialized HRA for GLP-1 weight-loss medications and unveiled a fleet card that unifies fuel and public EV charging payments.