Buyback Radar
Company reports

WEX

WEX

WEX has retired 24.0% of its shares since 2021, from 44,830,224 to 34,081,611.

24.0%retired since 2021
24.0%last 5 years
0.6%last 12 months
34Mshares today

At $182.01 a share, a market value of $6.2B. P/E 17.7, trailing twelve months to June 2026.

Shares outstanding, 2005 to todaysplit adjusted, from SEC filings
45M shares, 202134M20052010201520202025
2005, 40,288,6532026-07-17, 34,081,611
A share bought in 2005
1.2× more of WEX today, without buying another share. It was one of 40,288,653 shares then. It is one of 34,081,611 now.
Every filing we read21 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20052006-03-1040,288,65310-Kcover page
20062007-02-1640,442,67710-Kcover page
20072008-02-2039,263,47010-Kcover page
20082009-02-2038,256,77310-Kcover page
20092009-12-3138,196,00010-K
20102011-02-2238,438,45410-K
20112012-02-1438,680,33610-K
20122013-02-2238,701,31210-K
20132014-02-2038,890,62610-K
20142015-02-2038,796,12010-K
20152016-02-2438,644,04110-K
20162017-03-0242,741,19510-K
20172018-02-2643,031,99310-K
20182019-03-1243,135,38510-K
20192020-02-2143,341,98410-K
20202021-02-2244,190,99510-K
20212022-02-1644,830,22410-K
20222023-02-1043,132,74310-K
20232024-02-1541,734,80210-K
20242025-02-1338,815,49010-K
20252026-02-0634,310,61810-K

Source: all 10-K filings of WEX on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

Every Monday we write about one of these companies.

Read the full story
What the buybacks cost, fiscal 2022 to 2025cash flow statement against share count
$2Bspent on buybacks
11Mfewer shares outstanding
12.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $182.01.

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WEX buybacks, answered

Is WEX buying back its stock?

Yes. WEX has 0.6% fewer shares outstanding than twelve months ago, 34,081,611 as of July 17, 2026. Over five years the share count is down 24.0%.

How many shares has WEX bought back?

Net of every new share it issued, WEX has 10.7 million fewer shares than at its 2021 peak. That is 24.0% of the company.

How many shares does WEX have outstanding?

34,081,611 shares, as of July 17, 2026, from the cover page of its latest 10-Q. At the 2021 peak it had 44,830,224.

What do WEX's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held WEX stock in 2021 owns 1.3 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does WEX compare with other cannibal stocks?

WEX ranks No. 337 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Everforth (24.1%), Graphic Packaging Holding (24.0%), Exelixis (23.5%), Curtiss Wright (23.1%).

Every answer is computed from WEX's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Insider buying, last 12 months

GROCH JAMES RDirector2026-05-18, 1,500 shares at $142.95 $214K total
Smith Stephen MontgomeryDirector2025-11-13, 1,000 shares at $144.25 $144K total

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