WEX (NYSE:WEX) Issues Earnings Results

WEX (NYSE:WEX) announced its earnings results on Wednesday. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27, FiscalAI reports. The company had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 44.40% and a net margin of 12.56%.The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 earnings per share. WEX updated its Q3 2026 guidance to 5.450-5.650 EPS and its FY 2026 guidance to 19.680-20.080 EPS.

WEX Trading Up 0.2%

WEX stock opened at $171.76 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The firm has a 50 day moving average of $145.69 and a 200 day moving average of $152.58. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.96 and a beta of 0.85. WEX has a 12-month low of $125.29 and a 12-month high of $186.85.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WEX shares. Cantor Fitzgerald restated a “neutral” rating on shares of WEX in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Loop Capital initiated coverage on shares of WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $173.70.

WEX announced that its Board of Directors has approved a share repurchase program on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 21.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 expectations, reporting $5.35 in adjusted EPS versus $5.08 expected and revenue of $753.5 million versus $740.7 million expected, with revenue up 14.2% year over year. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company lifted guidance, now projecting Q3 2026 EPS of $5.45-$5.65 and FY 2026 EPS of $19.68-$20.08, both above Wall Street estimates, which signals management confidence in continued momentum. Wex: Q2 Earnings Snapshot
• Positive Sentiment: Investors also liked improving profitability and capital return plans: adjusted net income rose sharply, and WEX said it will prioritize share buybacks now that leverage has returned to about 2.9x. WEX outlines 2026 revenue of $2.86B-$2.9B while prioritizing buybacks after leverage returns to 2.9x
• Neutral Sentiment: Commentary around the earnings call highlighted that part of the revenue lift came from higher fuel prices and favorable foreign exchange, suggesting some of the quarter’s strength was macro-driven rather than purely organic. Forget Travel, WEX’s Next Act Is B2B Payments
• Neutral Sentiment: Analyst commentary was mixed, with at least one firm maintaining a Hold rating despite the beat, which may temper enthusiasm somewhat. WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating

Insider Activity

In other WEX news, Director James R. Groch bought 1,500 shares of WEX stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the acquisition, the director directly owned 17,957 shares in the company, valued at approximately $2,566,953.15. This represents a 9.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, COO Robert Joseph Deshaies sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in WEX by 794.0% during the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after buying an additional 790,271 shares in the last quarter. Turtle Creek Asset Management Inc. bought a new stake in shares of WEX during the third quarter valued at approximately $93,289,000. Par Capital Management Inc. boosted its holdings in shares of WEX by 21.6% in the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares during the period. New South Capital Management Inc. grew its stake in WEX by 627.0% in the fourth quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock worth $39,930,000 after purchasing an additional 231,158 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after purchasing an additional 215,036 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

About WEX

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.