WEX (NYSE:WEX) Releases FY 2026 Earnings Guidance

WEX (NYSE:WEX) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 19.680-20.080 for the period, compared to the consensus EPS estimate of 18.800. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. WEX also updated its Q3 2026 guidance to 5.450-5.650 EPS.

WEX Stock Performance

Shares of NYSE WEX traded down $5.02 during midday trading on Wednesday, hitting $155.94. 1,066,773 shares of the company’s stock traded hands, compared to its average volume of 540,972. The firm has a fifty day moving average of $144.52 and a 200 day moving average of $152.36. WEX has a 1 year low of $125.29 and a 1 year high of $186.85. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.00 and a beta of 0.85.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. The company had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.51 earnings per share. On average, analysts forecast that WEX will post 16.81 earnings per share for the current year.

WEX announced that its Board of Directors has approved a share buyback plan on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of WEX from $173.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Robert W. Baird upped their price objective on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Loop Capital assumed coverage on WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $173.70.

Insider Activity at WEX

In other news, COO Robert Joseph Deshaies sold 2,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the completion of the sale, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at $3,010,739.20. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch acquired 1,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director directly owned 17,957 shares in the company, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On WEX

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. lifted its position in shares of WEX by 14.1% in the fourth quarter. Invesco Ltd. now owns 85,418 shares of the business services provider’s stock valued at $12,726,000 after acquiring an additional 10,537 shares in the last quarter. Corient Private Wealth LLC boosted its stake in WEX by 326.4% in the 4th quarter. Corient Private Wealth LLC now owns 36,191 shares of the business services provider’s stock worth $5,392,000 after purchasing an additional 27,703 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in WEX by 399.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,214 shares of the business services provider’s stock valued at $1,820,000 after buying an additional 9,768 shares in the last quarter. Vident Advisory LLC raised its position in shares of WEX by 12.5% during the fourth quarter. Vident Advisory LLC now owns 5,884 shares of the business services provider’s stock valued at $877,000 after buying an additional 656 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of WEX in the fourth quarter worth $234,000. 97.47% of the stock is owned by institutional investors.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.