WEX - Earnings announcements

Revenue of $673.8 million increased 5.8% compared to the prior year GAAP net income of $2.22 per diluted share and adjusted net income of $4.15 per diluted share, an increase of 22.7% and 18.2% respectively compared to the prior year GAAP operating income margin of 23.5% and adjusted operating income margin of 36.2% Raises full year 2026 revenue guidance to $2.82 billion to $2.88 billion and adjusted net income guidance to $18.95 to $19.55 per diluted share WEX (NYSE:WEX), a global leader in intelligent payment solutions, today reported financial results for the three months ended March 31, 2026. "Our momentum continues to build with a strong start to 2026, as revenue and adjusted

Results will be released after market close on April 22; Conference call scheduled for April 23 WEX Inc. (NYSE:WEX), a global leader in intelligent payment solutions, today announced it will report first quarter 2026 financial results in a release to be issued on Wednesday, April 22, 2026, after market close. The press release and WEX's supplemental materials—which include certain details of our first quarter performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, April 23, 2026, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and Jagtar Narula, WEX's Chief Financia

Q4 revenue of $672.9 million increased 5.7% compared to the prior year; full year revenue of $2.66 billion increased 1.2% Q4 GAAP net income of $2.41 per diluted share and adjusted net income of $4.11 per diluted share Q4 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2025. "Our strong fourth quarter results demonstrate the strategic actions we took to accelerate our growth and drive progressively stronger performance over the course of the year," said Melissa Smith, WEX

Results will be released after market hours on February 4; Conference call scheduled for February 5 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2025 financial results in a release to be issued on Wednesday, February 4, 2026, after market close. The press release and WEX's supplemental materials packet—which includes certain details of our fourth quarter and full year performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, February 5, 2026, at 10:00 AM ET, Melissa Smith, WEX's Chair, Ch

Revenue of $692 million increased 3.9% compared to the prior year GAAP net income of $2.30 per diluted share and adjusted net income of $4.59 per diluted share GAAP operating income margin of 26.5% and adjusted operating income margin of 39.5% Raises full year 2025 revenue guidance to $2.63 billion to $2.65 billion and adjusted net income guidance to $15.76 to $15.96 per diluted share Separately, announced the appointment of David Foss to Board of Directors effective November 3, 2025 WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2025. "Our strategy to retu

Results will be released after market hours on October 29; Conference call scheduled for October 30 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2025 financial results in a release to be issued on Wednesday, October 29, 2025, after market close. The press release and WEX's supplemental materials packet—which includes certain details of our third quarter performance—will also be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, October 30, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and Pre

Q2 GAAP net income was $1.98 per diluted share; Q2 adjusted net income was $3.95 per diluted share Q2 GAAP operating income margin of 23.8% and adjusted operating income margin of 36.8% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2025. "We delivered stronger financial results than anticipated in the second quarter with adjusted EPS exceeding guidance and revenue coming in at the top end of our guidance. Our ability to win top-tier customers underscores the compelling value of our solutions and the strength of our business. As we continue to execute against our stra

Results will be released after market hours on July 23; Conference call scheduled for July 24 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2025 financial results in a release to be issued on Wednesday, July 23, 2025, after market close. The press release and WEX's supplemental materials packet—which include a summary and discussion of our second quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, July 24, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President,

Q1 revenue decreased 2% year-over-year to $637 million, driven by fuel prices and foreign exchange rates Q1 GAAP net income was $1.81 per diluted share; Q1 adjusted net income was $3.51 per diluted share Q1 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7% $790 million spent on share repurchases in Q1, reducing share count by approximately 13.1% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2025. "I am pleased with WEX's Q1 performance and the continued progress we are making against our strategic priorities. WEX's strong financial p

Results will be released April 30; Conference call scheduled for May 1 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2025 financial results on Wednesday, April 30, 2025, after market close. The press release and WEX's supplemental materials packet—which includes a summary and discussion of our first quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, May 1, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and Jagtar Narula, WEX's Chief Financial Officer, wi

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will host a conference call moderated by David Koning of Baird on Friday, March 14, 2025, at 9:00 a.m. ET. There will be an opportunity for investors to ask questions of management. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up to 14 days. About WEX WEX (NYSE:WEX) is the global commerce platform that simplifies the

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, and Chief Financial Officer, Jagtar Narula, will host a conference call moderated by Sanjay Sakhrani of Keefe, Bruyette & Woods, Inc. (KBW) on Friday, February 28, 2025, at 11:00 a.m. ET. There will be an opportunity for investors to ask questions of the management team. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up

Q4 revenue decreased 4% year-over-year to $637 million; full year revenue increased 3% to $2.63 billion Q4 GAAP net income was $1.60 per diluted share; Q4 adjusted net income was $3.57 per diluted share Q4 GAAP operating income margin of 24.7%; Q4 adjusted operating income margin of 37.9% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2024. "As we enter 2025, we believe that our targeted investments in product innovation and sales expansion will set the stage for WEX's long-term success," said Melissa Smith, WEX's Chair, Chief Executive Officer, and Pre

Results will be released February 5; Conference call scheduled for February 6 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, after market close. The press release and WEX's newly-introduced supplemental materials packet—which includes a summary and discussion of our fourth quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, February 6, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and

Q3 revenue increased 2% year-over-year to a third quarter record $665 million, driven by 9% growth in the Benefits segment and continued progression in Mobility segment growth rate Q3 GAAP net income was $2.52 per diluted share; Q3 adjusted net income was $4.35 per diluted share Q3 GAAP operating income margin of 29.5% and adjusted operating income margin of 44.0% $370 million spent on share repurchases in Q3, including a $300 million accelerated share repurchase agreement WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2024. "We continued to deliver growth and str

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1 888-596-4144 or +1 646-968-2525. The passcode number is 2902800. A replay o

Q2 revenue increased 8% year-over-year to a second quarter record $673 million, driven by 13% growth in the Benefits segment and acceleration in Mobility segment growth rate Q2 GAAP net income was $1.83 per diluted share; Q2 adjusted net income was $3.91 per diluted share Q2 GAAP operating income margin of 25.0% and adjusted operating income margin of 40.7% Share repurchases of approximately $100 million during Q2, an additional $70 million in July 2024, and expect to enter into a $300 million accelerated share repurchase agreement in the near future WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2024 financial results before the market opens on Thursday, July 25, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-596-4144 or +1-646-968-2525. The passcode number is 2902800. A replay o

Q1 revenue increased 7% year-over-year to a first quarter record $653 million, driven by 16% growth in the Benefits segment and 17% in the Corporate Payments segment Q1 GAAP net income was $1.55 per diluted share; Q1 adjusted net income was $3.46 per diluted share Q1 GAAP operating income margin of 25.2% and adjusted operating income margin of 38.5% Raises full-year 2024 financial guidance WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2024. "WEX delivered impressive financial results in the first quarter, including record first quarter revenue, marking a strong

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2024 financial results before the market opens on Thursday, April 25, 2024. From WEX, Melissa Smith, Chair, Chief Executive Officer, and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-596-4144 or +1-646-968-2525. The passcode number is 2902800.

Q4 revenue increased 7% year-over-year to a record $663 million, driven by 27% growth in the Benefits segment and 22% in the Corporate Payments segment Q4 GAAP net income was $1.98 per diluted share; Q4 adjusted net income was $3.82 per diluted share Q4 GAAP operating income margin of 23.9% and adjusted operating income margin of 39.6% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2023. "WEX had another outstanding year as we continued to drive profitable growth, generate strong adjusted free cash flow, and demonstrate our resiliency," said Melissa Smi

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2023 financial results before the market opens on Thursday, February 8, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237

Q3 revenue increased 6% year-over-year to a record $651 million, driven by 34% growth in the Benefits segment and 19% in the Corporate Payments segment Q3 GAAP net income was $0.42 per diluted share; Q3 adjusted net income was $4.05 per diluted share Q3 GAAP operating income margin of 26.8% and adjusted operating income margin of 41.8% Raises full-year 2023 financial guidance WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2023. "The third quarter marked another strong period of financial results for WEX along with meaningful progress against our strategic in

High-growth field service management platform at the convergence of SaaS and payments helps customers simplify operations, streamline their sales processes, and improve collections Complementary solutions align with current customer base's needs, enhancing cross-sell opportunities and strengthening relationships Further expands total addressable market WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the signing of a definitive agreement to acquire Payzer, a high-growth, cloud-based, field service management software provider. Upon expected completion, the acquisition will advance WEX's growth strategy of expanding its pr

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2023 financial results before the market opens on Thursday, October 26, 2023. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237921. A replay

2Q revenue increased 4% year-over-year to a second quarter record $621 million, driven by 34% growth in the Benefits segment and 21% in the Corporate Payments segment 2Q GAAP net income was $2.20 per diluted share; 2Q adjusted net income was $3.63 per diluted share 2Q GAAP operating income margin of 25.7% and adjusted operating income margin of 40.3% Raises full-year 2023 financial guidance WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2023. "WEX achieved a strong first half of 2023 as we delivered another impressive quarter with record high second quarter revenu

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2023 financial results before the market opens on Thursday, July 27, 2023. From WEX, Melissa Smith, Chair, Chief Executive Officer and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237921.

1Q revenue increased 18% year-over-year to a first quarter record $612 million 1Q GAAP net income was $1.56 per diluted share, down 42% year-over-year; 1Q adjusted net income attributable to shareholders increased 15% year-over-year to $3.31 per diluted share 1Q GAAP operating income margin of 25.2% and adjusted operating income margin of 37.6% Total volume increased 17% year-over-year to $52.3 billion Raises full-year 2023 financial guidance WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2023. "We reported strong results in the first quarter, exceeding our exp

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2023 financial results before the market opens on Thursday, April 27, 2023. From WEX, Melissa Smith, Chair, Chief Executive Officer and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237921.

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2022. Fourth Quarter and Full Year 2022 Financial Results Total revenue for the fourth quarter of 2022 increased 24% to $618.6 million from $497.5 million for the fourth quarter of 2021. The $121.1 million increase in revenue in the quarter includes a net $34.2 million favorable impact from fuel prices and spreads and an $8.7 million negative impact from foreign exchange rates. On a GAAP basis, net income attributable to shareholders for the fourth quarter of 2022 was $88.7 million, or $2.02 per diluted sha

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2022 financial results before the market opens on Thursday, February 9, 2023. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 223

3Q revenue increased 28% year-over-year to a record $616 million 3Q GAAP net loss was $1.00 per diluted share; 3Q adjusted net income increased 43% year-over-year to $3.51 per diluted share 3Q GAAP operating income margin of 3.5% and adjusted operating income margin of 39.1% Total volume increased 41% year-over-year to $57.5 billion Raises full-year 2022 financial guidance WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three and nine months ended September 30, 2022. "I am pleased to report that WEX had record third quarter revenue that exceeded our expectations. We continue to leverage our power

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2022 financial results before the market opens on Thursday, October 27, 2022. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237921. A repla

2Q revenue increased 30% year-over-year to a record $598 million 2Q GAAP net income per share increased to $0.76 per diluted share; 2Q adjusted net income per share increased 61% year-over-year to $3.71 per diluted share 2Q GAAP operating income margin of 28.6% and adjusted operating income margin of 42.3% Total purchase volume increased 77% year-over-year to $37 billion Raises full-year 2022 financial guidance WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three and six months ended June 30, 2022. "I am pleased to report that in the second quarter, we once again delivered record revenue and adj

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2022 financial results before the market opens on Thursday, July 28, 2022. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237921. A replay

1Q revenue increased 26% year-over-year to a record $518 million 1Q GAAP net income per share increased to $2.71 per diluted share, compared to a net loss of $0.06 per diluted share in the prior year; 1Q adjusted net income per share increased 61% year-over-year to $2.88 per diluted share Total purchase volume increased 66% year-over-year to $28 billion Raises full-year 2022 financial guidance WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2022. "We entered this year with significant momentum and delivered impressive financial results during the first quarter," said M

WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2022 financial results before the market opens on Thursday, April 28, 2022. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jennifer Kimball, Interim Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237921.

WEX Inc. (NYSE:WEX), a leading financial technology service provider, today reported financial results for the three months and year ended December 31, 2021. Fourth Quarter and Full Year 2021 Financial Results Total revenue for the fourth quarter of 2021 increased 25% to $497.5 million from $399.0 million for the fourth quarter of 2020. The $98.5 million increase in revenue in the quarter includes a $47.4 million positive impact from higher average fuel prices and foreign exchange rates. On a GAAP basis, net loss attributable to shareholders for the fourth quarter of 2021 was $11.8 million, or $0.26 per diluted share, compared to a net loss attributable to shareholders of $234.2 million,

WEX (NYSE:WEX), a leading financial technology service provider, today announced it will report fourth quarter and full year 2021 financial results before the market opens on Thursday, February 10, 2022. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jennifer Kimball, Interim Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-510-2008 or +1-646-960-0306. The passcode number is 2237921. A replay of the l

WEX Inc. (NYSE:WEX), a leading financial technology service provider, today reported financial results for the three months ended September 30, 2021. "We delivered impressive results in the third quarter driven by recovering customer spend patterns from the COVID impacted lows and implementation of new customer wins coming from continued success in the marketplace. Importantly, total purchase volume processed across the Company reached an all-time high of $26 billion up 93% as we continue to capitalize on these positive trends," said Melissa Smith, WEX's Chair and Chief Executive Officer. Ms. Smith added, "The strategic investments we have made over the last few years to expand our modern

WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced it will report third quarter 2021 financial results before the market opens on Thursday, October 28, 2021. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Roberto Simon, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing (888) 510-2008 or +1 (646) 960-0306. The passcode number is 2237921. A replay of the live webcast will be a

WEX Inc. (NYSE:WEX), a leading financial technology service provider, today reported financial results for the three months ended June 30, 2021. "Momentum continued through the second quarter as we delivered robust revenue and earnings growth, signed new customer and renewed existing business, and more than doubled total purchase volume processed across the Company compared to last year to $21 billion. These exceptional results reflect strong execution from the WEX team, positive trends across the business and strong demand for our platform and services as volumes continue to recover," said Melissa Smith, WEX's Chair and Chief Executive Officer. Ms. Smith added, "We are driving innovative