Earnings ·
WEX reports Q3 revenue of $780.1M and raises full-year adjusted EPS guidance to $21.28-$21.48
WEXWEX Inc.
WEX Inc. reported third-quarter 2026 total revenue of $780.1 million, a 12.8% increase year-over-year, driven by higher fuel prices and organic growth. GAAP diluted net income was $3.88 per share, up 68.7%, while adjusted diluted net income reached $6.13 per share, an increase of 33.6%. The company raised its full-year 2026 revenue guidance to a range of $2.97 billion to $2.99 billion and increased adjusted net income guidance to $21.28-$21.48 per diluted share. During the quarter, WEX repurchased approximately $200 million in shares and reduced its leverage ratio to 2.7x. The company operates as a global commerce platform providing intelligent payment solutions for mobility, benefits, and corporate payments.