WEX Inc

WEX Inc. (NYSE: WEX) is a global commerce platform that provides intelligent payment solutions across three business segments. Its Mobility segment serves over 600,000 customers globally with fleet payments and management solutions, operating a proprietary closed-loop payments network covering approximately 95% of U.S. fueling locations and EV charging stations, along with SaaS solutions for field service management, telematics, and mixed-energy fleets. Its Benefits segment offers a broad benefits platform with integrated payments spanning Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), COBRA, and benefits enrollment and administration, serving 21.7 million average SaaS accounts and managing approximately $5.2 billion in average HSA custodial cash assets. WEX Inc. is an IRS-designated non-bank custodian for HSAs, and its subsidiary WEX Bank provides HSA depository services. Its Corporate Payments segment delivers comprehensive B2B payment solutions including virtual card products, direct accounts payable automation, and embedded payment capabilities for mid-sized businesses and global enterprises, processing $38.6 billion in total volume. The company generates revenue from payment processing fees, interchange, account servicing fees, finance charges, custodial deposit interest, and SaaS licensing fees. Updated Jul 22, 2026