# WEX

> WEX is a publicly traded financial technology company connecting payments with industry-specific software and data. Its Mobility, Benefits, and Corporate Payments businesses help fleets control spending, employers administer benefits, and companies pay suppliers. It reported $2.6608 billion in revenue for 2025.

- **Founded:** 1983
- **Headquarters:** Portland, United States
- **Founders:** Parker Poole III (Co-founder), William Richardson (Co-founder)
- **Products:** WEX fleet cards, SecureFuel, Benefits accounts and administration, Corporate Payments, AI-powered claims tool
- **Notable:** Listed on the New York Stock Exchange since February 2005., Reported record 2025 revenue of $2.66 billion., Company reported more than 600,000 automated Health FSA claim approvals during its AI tool’s first year.

## Products & services

- **WEX fleet cards** — Fuel and vehicle spending cards with purchase controls, reporting, and savings programs.
- **SecureFuel** — Connects compatible telematics with fleet payment information to verify purchases and identify unauthorized fueling; broader North American commercial-fleet capability announced July 2026.
- **Benefits accounts and administration** — HSAs, FSAs, HRAs, COBRA, enrollment and administrative technology delivered directly or through partners.
- **Corporate Payments** — Virtual cards, embedded payments, accounts payable services, supplier enablement, and payment delivery.
- **AI-powered claims tool** — Checks benefits claim documentation at submission; expanded to Simple HRAs and Limited Purpose Health FSAs in September 2026.
- **Fleet GPS and EV solutions** — Fleet tracking and tools to support electric and mixed fleets.

## Achievements

- Listed on the New York Stock Exchange since February 2005.
- Reported record 2025 revenue of $2.66 billion.
- Company reported more than 600,000 automated Health FSA claim approvals during its AI tool’s first year.
- Grew from three initial fueling locations to a network covering approximately 95% of U.S. fuel stations, according to WEX’s July 2026 release.

## Latest updates

- **2026-10** — Mastercard announced an Asia-Pacific fleet payments partnership with WEX on October 12.
- **2026-09** — Expanded automated claims support to Simple HRAs and Limited Purpose Health FSAs; WEX reports eligible claims processed in under two minutes with 95% accuracy.
- **2026-07** — Announced broader SecureFuel availability for North American commercial fleets, with eligible-customer rollout expected from August 3.
- **2026-07** — Q2 revenue reached $753.5 million; raised full-year revenue guidance to $2.86-$2.90 billion. Guidance is not a reported full-year result.

## Links

- Website: https://www.wexinc.com/
- LinkedIn: https://www.linkedin.com/company/wexinc
- Twitter/X: https://twitter.com/WEXIncNews
- YouTube: https://www.youtube.com/channel/UCTFT1tF9rmwB4WCjSR1fXaA
- Instagram: https://www.instagram.com/wexatwork/
- Facebook: https://www.facebook.com/WEXNews

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Profile page: https://yespress.io/wex
Published by YesPress — https://yespress.io
Last updated: 2026-10-23