Is WEX Inc. (WEX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 84.8% / 30% | 91.4% / 30% | 58.7% / 30% | 0.12% / 5% | ✗ NOT HALAL |
| DJIM | 84.8% / 33% | 91.4% / 33% | 58.7% / 33% | 0.12% / 5% | ✗ NOT HALAL |
| MSCI | 33.7% / 33% | 36.4% / 33% | 23.4% / 33% | 0.12% / 5% | ✗ NOT HALAL |
| S&P | 84.8% / 33% | 91.4% / 33% | 58.7% / 33% | 0.12% / 5% | ✗ NOT HALAL |
| FTSE | 33.7% / 33% | 36.4% / 33% | 23.4% / 50% | 0.12% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 71.8% | |
| Operating Margin | 26.2% | |
| Net Margin | 11.4% | |
| Return on Equity (ROE) | 22.3% | |
| Return on Assets (ROA) | 3.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $454M |
| Free Cash Flow | $241M |
| Total Debt | $4.9B |
| Debt-to-Equity | 398.7 |
| Current Ratio | 1.0 |
| Total Assets | $14.4B |
Price & Trading
| Last Close | $155.10 |
| 50-Day MA | $156.40 |
| 200-Day MA | $156.58 |
| Avg Volume | 447K |
| Beta | 1.0 |
|
52-Week Range
$110.45
| |
About WEX Inc. (WEX)
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and markets its products through third-party administrators, financial institutions, payroll providers, and health plans. WEX Inc. was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. The company was founded in 1983 and is headquartered in Portland, Maine.
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Frequently Asked Questions
Is WEX Inc. (WEX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), WEX Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is WEX Inc.'s debt ratio?
WEX Inc.'s debt ratio is 84.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 33.7%.
What are WEX Inc.'s key financial metrics?
WEX Inc. has a market capitalization of $5.1B, trailing P/E ratio of 17.4, and revenue of $2.7B. The company maintains a gross margin of 71.8% and a net margin of 11.4%. Return on equity stands at 22.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.