WEX (NYSE:WEX) Issues Q3 2026 Earnings Guidance

WEX (NYSE:WEX) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.450-5.650 for the period, compared to the consensus EPS estimate of 5.300. The company issued revenue guidance of $733.0 million-$753.0 million, compared to the consensus revenue estimate of $735.2 million. WEX also updated its FY 2026 guidance to 19.680-20.080 EPS.

WEX Stock Up 2.5%

WEX stock opened at $159.53 on Thursday. The company has a 50 day moving average of $144.92 and a two-hundred day moving average of $152.41. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 0.99 and a beta of 0.85. WEX has a 12-month low of $125.29 and a 12-month high of $186.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same period last year, the company earned $3.95 earnings per share. WEX’s quarterly revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, equities analysts anticipate that WEX will post 16.81 earnings per share for the current fiscal year.

WEX announced that its Board of Directors has approved a share buyback program on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to repurchase 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 shares are undervalued.

Analyst Ratings Changes

WEX has been the subject of a number of recent analyst reports. Evercore raised WEX to an “outperform” rating in a research note on Tuesday. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Cantor Fitzgerald reduced 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 raised 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. Finally, Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, WEX currently has a consensus rating of “Hold” and an average target price of $173.70.

Insider Transactions at WEX

In other news, Director James R. Groch bought 1,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $142.95 per share, with a total value of $214,425.00. Following the transaction, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of WEX stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the transaction, 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 position. 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. Company insiders own 1.40% of the company’s stock.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 expectations on both earnings and revenue, with EPS of $5.35 versus the $5.08 consensus and revenue of $753.5 million versus $740.7 million expected, signaling better-than-expected operating performance. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised guidance for both Q3 2026 and full-year 2026, with EPS outlook above Wall Street estimates, which is likely supporting the stock. WEX beats expectations on Q2 results, raises full-year outlook
• Positive Sentiment: Profitability improved sharply year over year, including a 14.2% revenue increase, higher gross profit, and strong EPS growth, reinforcing the view that WEX’s core businesses are trending better. WEX Inc. (WEX) Releases Q2 2026 Earnings: Revenue Growth and Profitability Improve
• Neutral Sentiment: One analyst commentary after the results stayed at Hold, describing earnings quality and segment trends as mixed, which may temper upside enthusiasm. WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating

Institutional Trading of WEX

Several hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new position in shares of WEX during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd grew its stake in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 173 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after purchasing an additional 387 shares during the period. Danske Bank A S bought a new stake in WEX in the third quarter worth about $79,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of WEX during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds 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.