Recent Updates — WEX
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.