Recent Updates — WEX

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.

WEX Inc. reported second-quarter 2026 revenue of $753.5 million, a 14.2% increase year-over-year, driven largely by a $63.8 million favorable impact from fuel prices. GAAP net income was $3.11 per diluted share, while adjusted net income rose 35.4% to $5.35 per diluted share. The company repurchased approximately $93 million of shares between May and July 20. WEX raised its full-year 2026 revenue guidance to a range of $2.86 billion to $2.90 billion and increased adjusted net income guidance to $19.68 to $20.08 per diluted share. The company's leverage ratio improved to 2.9x as of June 30, 2026. WEX operates in the financial technology industry, providing intelligent payment solutions for fleet management, employee benefits, and corporate payments.