WEX (NYSE:WEX) Releases Quarterly Earnings Results, Beats Expectations By $0.45 EPS

WEX (NYSE:WEX) announced its earnings results on Wednesday. The business services provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.68 by $0.45, FiscalAI reports. The business had revenue of $780.10 million for the quarter, compared to analysts’ expectations of $749.74 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.

WEX Stock Performance

Shares of NYSE:WEX traded up $2.20 during mid-day trading on Wednesday, reaching $188.58. The company had a trading volume of 946,830 shares, compared to its average volume of 571,597. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.01 and a beta of 0.84. The company’s 50-day moving average price is $186.67 and its 200-day moving average price is $164.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. WEX has a one year low of $125.29 and a one year high of $203.99.

WEX News Summary

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Quarterly results exceeded expectations. WEX reported adjusted earnings of $6.13 per share, up from $4.59 a year earlier and above the $5.67–$5.68 analyst consensus. Revenue increased 12.8% year over year to $780.1 million, surpassing estimates of approximately $749.7 million. WEX Q3 earnings and revenues top estimates
• Positive Sentiment: Management raised 2026 guidance. Full-year revenue guidance increased to $2.97 billion–$2.99 billion, while adjusted net income guidance rose to $736 million–$743 million, or $21.28–$21.48 per diluted share. Fourth-quarter revenue is expected to be $760 million–$780 million. WEX third-quarter 2026 financial results
• Positive Sentiment: Growth was broad, led by Mobility. Mobility revenue rose 20.6% to $435.1 million, Benefits revenue increased 4.8% to $207.6 million, and Corporate Payments revenue grew 3.5% to $137.4 million. Total payment volume climbed 18.5% to $78.5 billion, while operating margin reached 30.6%.
• Positive Sentiment: Shareholder returns supported sentiment. WEX repurchased roughly $200 million of stock during the quarter and another $75 million through October 26, signaling management’s confidence and helping support per-share results. WEX Q3 revenue rises 12.8%
• Positive Sentiment: New AI partnership adds a potential growth catalyst. WEX and Euclid announced agentic AI tools aimed at improving trucking operations, potentially strengthening WEX’s position in commercial mobility payments. WEX teams with Euclid on agentic AI for trucking
• Neutral Sentiment: Options activity and valuation commentary suggest heightened investor interest, but neither provides a definitive indication of future performance.
• Negative Sentiment: Insiders have been net sellers, including multiple sales by executives, which may raise caution even though one insider purchase was reported.
• Negative Sentiment: Morgan Stanley raised its price target to $178 but maintained an “equal weight” rating; the target remains below the recent market level, implying limited near-term upside in the firm’s view. Morgan Stanley WEX rating

Insider Buying and Selling at WEX

In related news, CEO Melissa Smith sold 28,109 shares of WEX stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $190.09, for a total value of $5,343,239.81. Following the completion of the transaction, the chief executive officer directly owned 126,625 shares in the company, valued at approximately $24,070,146.25. The trade was a 18.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Deshaies sold 2,000 shares of WEX stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $173.56, for a total value of $347,120.00. Following the transaction, the chief operating officer directly owned 17,288 shares of the company’s stock, valued at $3,000,505.28. The trade was a 10.37% 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. In the last ninety days, insiders sold 35,527 shares of company stock worth $6,743,860. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on WEX. Morgan Stanley raised their price objective on shares of WEX from $172.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of WEX in a research note on Thursday, September 24th. Keefe, Bruyette & Woods increased their price target on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Evercore upgraded WEX to an “outperform” rating in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald set a $178.00 price objective on WEX in a report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, WEX presently has an average rating of “Hold” and a consensus price target of $187.00.

WEX Company Profile

WEX Inc (NYSE:WEX) is a financial technology company that provides payment-processing and business-management solutions. Its products are designed to help organizations manage corporate spending, employee benefits and mobility-related expenses through specialized payment accounts, software and data tools.

WEX’s mobility business serves commercial vehicle fleets with fuel cards, fleet-payment programs, expense controls, telematics integrations and related solutions. The company also supports emerging mobility needs, including electric-vehicle charging payments.