How many subsidiaries does WEX Inc. file with the SEC?

48, listed in its most recent exhibit 21. They are incorporated across 18 jurisdictions, led by Australia, Canada, Austria. 2 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is WEX Inc. financially healthy?

WEX Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of WEX Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), MORGAN STANLEY (trimming), FMR LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

WEX Inc. (WEX)

NYSE · Common Stock · Services-Business Services, NEC

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

provider of payment processing and information management services

Corporate structure

48 entities across 18 jurisdictions, 2 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-13 — see the exhibit.

Which other public companies file entities in the same places:

Australia13 England10 Ireland4 Canada3 Singapore3 Netherlands2 Germany2 Austria1 Jersey1 Japan1 Brazil1 Belgium1

Subsidiaries of WEX Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Australian Card Services Pty. Ltd.	Australia
Electronic Funds Source Canada Inc.	Canada
eNett International (Austria) GmbH	Austria
eNett International (Jersey) Limited	Jersey	offshore centre
eNett International (Singapore) Pte Ltd	Singapore
eNett International (UK) Limited	England
eNett International Pty Ltd	Australia
eNett Payment Solutions (Ireland) Limited	Ireland
eNett Services (Australia) Pty. Ltd.	Australia
Gorham Trade Finance B.V.	Netherlands

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

PASSReturn on assets positiveROA 2.1%
PASSOperating cash flow positiveOCF 454M
FAILReturn on assets improving2.3% → 2.1%
PASSCash flow exceeds earningsOCF 454M vs NI 304M
FAILLong-term debt ratio falling23.1% → 24.5% of assets
PASSCurrent ratio improving1.02 → 1.05
PASSNo share dilution41M → 36M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.20× → 0.18×

Altman Z-score

0.87distress

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$1.6B	−$283.9M	$776.5M	—	43,842,000
FY2021	$1.9B	$135.3M	$64.4M	—	45,312,000
FY2022	$2.4B	$167.2M	$566.5M	—	44,724,000
FY2023	$2.5B	$266.6M	$764.3M	—	43,300,000
FY2024	$2.6B	$309.6M	$334.1M	—	41,300,000
FY2025

Ownership flow

15 institutions tracked — 7 added, 5 reduced, 3 opened a new position, 1 sold out. Index money added 119,124 shares while active managers cut 67,537.

Institutional holders of WEX Inc. and their share-count change
Manager	Kind	Shares	Change	Value
AQR CAPITAL MANAGEMENT LLC	Hedge fund	134,942	−1,170,501	$18.4M
FMR LLC	Active fund	1,801,385	+576,081	$254.2M
Capital World Investors	Active fund	547,682	+336,442	$77.3M
CITADEL ADVISORS LLC	Hedge fund	605,486

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $0
2025Q1: $790.0M
2024Q1: $73.6M
2023Q1: $100.9M
2022Q1: $0
2016Q1: $0

Identity

CIK: 0001309108
LEI: T9M5IGROL1TL1G5OV478
FIGI: BBG000BVZP59
SIC: 7389 · Services-Business Services, NEC
Incorporated: DE
Headquarters: PORTLAND, ME
Founded: 1983-00-00

Ownership

Institutional: 118.7%
Institutions: 545
Insiders: 1.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-business services, nec companies

WEX Inc. files under SIC 7389 — all 43 services-business services, nec companies compared on assets and F-score.

PayPal Holdings, Inc.PYPL Accenture plcACN Uber Technologies, IncUBER Mastercard IncMA GLOBAL PAYMENTS INCGPN MERCADOLIBRE INCMELI

Questions about WEX Inc.

How many subsidiaries does WEX Inc. file with the SEC?: 48, listed in its most recent exhibit 21. They are incorporated across 18 jurisdictions, led by Australia, Canada, Austria. 2 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is WEX Inc. financially healthy?: WEX Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of WEX Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), MORGAN STANLEY (trimming), FMR LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.