WEX (NYSE:WEX) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

WEX (NYSE:WEX) issued its quarterly earnings data on Wednesday. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27, FiscalAI reports. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. During the same quarter in the previous year, the company posted $3.95 EPS. WEX’s quarterly revenue was up 14.2% compared to the same quarter last year. WEX updated its Q3 2026 guidance to 5.450-5.650 EPS and its FY 2026 guidance to 19.680-20.080 EPS.

WEX Trading Down 3.1%

NYSE:WEX opened at $155.94 on Thursday. The firm’s fifty day moving average is $144.92 and its 200-day moving average is $152.41. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. WEX has a 52 week low of $125.29 and a 52 week high of $186.85. The firm has a market cap of $5.41 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.99 and a beta of 0.85.

Insiders Place Their Bets

In other WEX news, Director James R. Groch bought 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director directly owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the transaction, the chief operating officer owned 20,288 shares in the company, valued at $3,010,739.20. The trade was 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. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On WEX

Several hedge funds and other institutional investors have recently made changes to their positions in WEX. Par Capital Management Inc. lifted its position in WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after acquiring an additional 400,500 shares in the last quarter. Boston Partners raised its stake in shares of WEX by 13.7% in the fourth quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after purchasing an additional 174,079 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of WEX by 794.0% in the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after purchasing an additional 790,271 shares in the last quarter. Bank of America Corp DE boosted its position in shares of WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after buying an additional 69,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of WEX by 7.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 687,655 shares of the business services provider’s stock valued at $102,454,000 after buying an additional 44,842 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

Trending Headlines about WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX reported Q2 2026 EPS of $5.35, above the $5.08 consensus, and revenue of $753.5 million, also topping estimates; revenue rose 14.2% year over year and profitability improved sharply. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised guidance, with Q3 2026 EPS guided to $5.45-$5.65 versus $5.30 expected, and FY 2026 EPS guided to $19.68-$20.08 versus $18.80 expected, signaling continued momentum. WEX Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Analyst reaction was mixed, with Morgan Stanley lifting its price target to $172 but keeping an “equal weight” view, and William Blair maintaining a Hold rating, which may temper the enthusiasm somewhat. WEX PT Raised to $172 at Morgan Stanley WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating
• Negative Sentiment: Some commentary flagged mixed earnings quality and uneven segment trends, suggesting the stock’s upside may be limited if margins or segment performance soften. WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating

Analyst Ratings Changes

Several analysts have recently weighed in on WEX shares. Morgan Stanley boosted their price target on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday. Cantor Fitzgerald cut their target price 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. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Loop Capital began coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 price target on the stock. Finally, Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $173.70.

WEX declared that its Board of Directors has initiated a share buyback program on Thursday, May 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

WEX Company Profile

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.