WEX (NYSE:WEX) Updates Q2 2026 Earnings Guidance

WEX (NYSE:WEX) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.930-5.130 for the period, compared to the consensus earnings per share estimate of 4.280. The company issued revenue guidance of $727.0 million-$747.0 million, compared to the consensus revenue estimate of $704.4 million. WEX also updated its FY 2026 guidance to 18.950-19.550 EPS.

Analysts Set New Price Targets

Several brokerages recently commented on WEX. Morgan Stanley upped their target price on WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a research note on Monday. Mizuho cut their price target on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. UBS Group set a $165.00 price target on WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, WEX currently has an average rating of “Hold” and a consensus price target of $164.27.

WEX Stock Down 12.9%

Shares of WEX stock traded down $23.85 during trading hours on Thursday, reaching $161.08. The company had a trading volume of 513,897 shares, compared to its average volume of 467,177. WEX has a 12 month low of $120.03 and a 12 month high of $186.85. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day simple moving average of $159.02 and a 200-day simple moving average of $154.61. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.43% and a return on equity of 48.01%. The company had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. During the same period last year, the firm earned $3.51 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, research analysts expect that WEX will post 15.65 earnings per share for the current fiscal year.

Insider Buying and Selling at WEX

In related news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of WEX stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $175.00, for a total transaction of $612,500.00. Following the sale, the chief operating officer directly owned 22,872 shares in the company, valued at approximately $4,002,600. This trade represents a 13.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sara Trickett sold 1,815 shares of WEX stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the sale, the insider directly owned 2,137 shares in the company, valued at approximately $320,443.15. This represents a 45.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,479 shares of company stock valued at $2,454,914 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q1 results beat revenue and consensus adjusted EPS estimates and management said momentum is building; revenue of $673.8M (+5.8% YoY) and adjusted EPS topped Street views. WEX Q1 Press Release
• Positive Sentiment: WEX raised guidance sharply: Q2 EPS guide of $4.93–$5.13 (consensus ~4.28) and FY26 EPS guide of $18.95–$19.55 (consensus ~17.76) — that upward guidance is a primary catalyst for the stock strength. Investor Letter
• Positive Sentiment: Robert W. Baird raised its price target to $220 and kept an Outperform rating, signaling analyst conviction behind the outlook. Baird Price Target Note
• Positive Sentiment: Management scheduled a virtual fireside chat (Apr 27) to discuss strategy and value-creation plans — provides a near-term investor-access event to reinforce guidance and strategy. Fireside Chat Notice
• Neutral Sentiment: Morgan Stanley published a $158 target (recently raised), which is below the current trading level — mixed signal for medium-term analysts’ view. Morgan Stanley Note
• Neutral Sentiment: WEX launched an EV at-home charging visibility solution — strategic product expansion into EV payments/telemetrics that supports long-term growth but is not an immediate revenue driver. EV Charging Solution
• Negative Sentiment: Operational cash flow weakened materially in the quarter and leverage increased; QuiverQuant flagged weaker operating cash flow and rising liabilities, which could concern credit/valuation-sensitive investors. QuiverQuant Cash Flow Note
• Negative Sentiment: Corporate governance pressure: Glass Lewis backed dissident nominees from Impactive Capital, keeping the risk of a proxy contest and management distraction top-of-mind for some investors. Glass Lewis Support
• Negative Sentiment: Insider selling activity has been notable in recent months (multiple executive sales), which investors may read as a cautionary signal despite recent operational beats. Insider Trading

Institutional Trading of WEX

Several hedge funds have recently made changes to their positions in the company. Par Capital Management Inc. raised its stake in shares of WEX by 21.6% in the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after buying an additional 400,500 shares during the period. 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 valued at $215,955,000 after buying an additional 174,079 shares during the period. AQR Capital Management LLC raised its position 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 during the period. Bank of America Corp DE raised its position in shares of WEX by 8.6% in 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 purchasing an additional 69,375 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of WEX by 7.0% in 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 purchasing an additional 44,842 shares during the period. 97.47% of the stock is currently owned by institutional investors.

About WEX

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.