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    How Expanded Sunoco Access for DriverDash Could Shape WEX’s (WEX) Fleet Payments Strategy

    Simply Wall St·12/19/2025 20:08:15
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    • Earlier this week, WEX announced that its DriverDash mobile payment app is now accepted at thousands of Sunoco stations across the U.S., extending secure, contactless fueling to nearly 40,000 locations nationwide for commercial fleets.
    • This expansion materially deepens WEX’s integration into day-to-day fleet operations, strengthening its data, payments, and expense-management ecosystem across the fuel network.
    • Next, we’ll examine how DriverDash’s wider Sunoco coverage could influence WEX’s long-term payments growth story and evolving mobility platform.

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    WEX Investment Narrative Recap

    To own WEX, you have to believe its integrated payments and mobility platform can stay essential as fleets digitize, despite fuel mix and competitive pressures. The expanded DriverDash footprint with Sunoco supports the near term catalyst around transaction growth, but it does not fundamentally change the key risk that a shift toward EVs and new payment rivals could dilute the value of WEX’s traditional fuel card base.

    The recent integration of WEX with Tesla’s Supercharger network is particularly relevant here, because it shows how the company is extending its platform into high power EV charging as well as traditional fuel. Taken together with the wider DriverDash coverage, these steps tie directly into the growth thesis that WEX can diversify its mobility ecosystem while defending margins in corporate payments and fleet management.

    Yet investors should also be aware that increased competition from fintechs and large payment platforms could...

    Read the full narrative on WEX (it's free!)

    WEX's narrative projects $3.0 billion revenue and $450.9 million earnings by 2028. This requires 4.9% yearly revenue growth and about a $144.4 million earnings increase from $306.5 million today.

    Uncover how WEX's forecasts yield a $176.89 fair value, a 18% upside to its current price.

    Exploring Other Perspectives

    WEX 1-Year Stock Price Chart
    WEX 1-Year Stock Price Chart

    Three fair value estimates from the Simply Wall St Community span roughly US$176.89 to US$335.67, highlighting very different views on WEX’s upside. Set that against the central growth catalyst in fleet and mobility payments expansion and you can see why it pays to compare multiple perspectives on how durable WEX’s transaction volumes and margins might be.

    Explore 3 other fair value estimates on WEX - why the stock might be worth just $176.89!

    Build Your Own WEX Narrative

    Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

    • A great starting point for your WEX research is our analysis highlighting 2 key rewards that could impact your investment decision.
    • Our free WEX research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate WEX's overall financial health at a glance.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.