WEX
Market read
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Invalidation: The isolated read changes if WEX's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“48 Table of Contents Cash used for operating activities for the six months ended June 30, 2026, increased $191.4 million as compared to the same period in the prior year primarily due to the impact of higher domestic fuel prices on receivable balances.”10-Q · Jul 23, 2026 ↗
“Net cash provided by financing activities during 2026 increased $635.7 million as compared to the same period in the prior year, primarily due to an increase in Net Funding Activity driven substantially by higher relative deposit balances and net borrowings f…”10-Q · Jul 23, 2026 ↗
“vironment and the decrease is reflective of a long-term trend of better vehicle fuel efficiency.”10-Q · Oct 30, 2025 ↗
“Foreign currency exchange rate fluctuations had a $2.8 million favorable impact on revenue for the three months ended March 31, 2026.”10-Q · Apr 23, 2026 ↗
Valuation discipline
Price/sales 3.7× · EV/sales 5.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 09:30 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for WEX. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-04-23 against the comparable filing from 2025-05-01.
“The following table compares line items within operating income for unallocated corporate expenses: Three Months Ended March 31, Increase (Decrease) (in millions) 2026 2025 Amount % Other operating expenses General and administrative $ 35.2 $ 25.5 $ 9.7 38 % Depreciation and amortization $ 0.4 $ 0.4 $ — NM NM - Not meaningful During the three months ended March 31, 2026, general and administrative expenses increased $9.7 million, as compared to the same period of the prior year, primarily due to increased stock-based compensation expense as a result of higher estimated performance-based attainments, coupled with an increase in professional services and other expenses incurred in connection...”
“Other operating expenses Sales and marketing expenses increased for the three months ended March 31, 2026, as compared to the same period in the prior year, primarily resulting from the sustained investments tied to sales initiatives made throughout 2025, a growth in partner commissions, and higher stock-based compensation primarily due to an increase in estimated attainments.”
“s and marketing expenses increased for the three months ended March 31, 2026, as compared to the same period in the prior year, primarily resulting from the sustained investments tied to sales initiatives made throughout 2025, a growth in partner commissions, and higher stock-based compensation primarily due to an increase in estimated attainments.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“We also compete with financial technology firms focused on embedded payments, accounts payable and spend management, such as Adyen, ConnexPay, and Stripe.”
“We compete against specialized financial technology firms that are focused on delivering processing capabilities to the marketplace, such as I2C, Global Payments, and Marqeta, in partnership with partner banks who provide payments services, such as Cross Rive…”
“We compete against specialized financial technology firms that are focused on delivering processing capabilities to the marketplace, such as I2C, Global Payments, and Marqeta, in partnership with partner banks who provide payments services, such as Cross Rive…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
WEX is currently a Leader in the organic co-movement group B2B Payments. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for WEX; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.