WEX (NYSE:WEX) Updates Q3 2026 Earnings Guidance

WEX (NYSE:WEX) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 5.450-5.650 for the period, compared to the consensus earnings per share estimate of 5.300. The company issued revenue guidance of $733.0 million-$753.0 million, compared to the consensus revenue estimate of $735.2 million. WEX also updated its FY 2026 guidance to 19.680-20.080 EPS.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Loop Capital initiated coverage on shares of WEX in a research note on Monday, April 27th. They set a “buy” rating and a $195.00 target price for the company. Finally, Cantor Fitzgerald lowered their price objective 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. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $173.70.

WEX Price Performance

NYSE WEX traded down $5.02 during trading hours on Wednesday, reaching $155.94. The company’s stock had a trading volume of 1,066,803 shares, compared to its average volume of 540,972. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The company’s 50-day moving average is $144.52 and its two-hundred day moving average is $152.36. The stock has a market cap of $5.41 billion, a PE ratio of 17.50, a PEG ratio of 1.00 and a beta of 0.85. WEX has a fifty-two week low of $125.29 and a fifty-two week high of $186.85.

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, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The company had revenue of $673.80 million during the quarter, compared to analysts’ expectations of $660.96 million. During the same period in the previous year, the firm posted $3.51 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts forecast that WEX will post 16.81 EPS for the current year.

WEX declared that its board has authorized a stock buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at WEX

In other news, Director James R. Groch acquired 1,500 shares of WEX stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $142.95 per share, with a total value of $214,425.00. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the sale, the chief operating officer owned 20,288 shares of the company’s stock, valued at $3,010,739.20. The trade was a 8.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.40% of the company’s stock.

WEX News Summary

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX reported Q2 2026 earnings that beat expectations, with revenue of $753.5 million topping estimates and rising 14.2% year over year, while diluted EPS jumped 57.1% to $3.11. Profitability also improved sharply, with gross profit, operating profit, and net income all posting strong double-digit gains. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised guidance for both full-year 2026 and Q3 2026, with EPS and revenue outlooks coming in above consensus. That suggests management sees continued momentum and supports the case for further earnings growth. WEX Inc. (WEX) Releases Q2 2026 Earnings: Revenue Growth and Profitability Improve
• Neutral Sentiment: Analyst sentiment remains mixed but constructive: Morgan Stanley raised its price target to $172 from $161 while keeping an equal-weight rating, indicating some upside but not an outright bullish call.
• Neutral Sentiment: Recent commentary also highlighted WEX as a momentum stock, which may have helped support sentiment, though this is less fundamental than the earnings and guidance news. Here’s Why Wex (WEX) is a Strong Momentum Stock
• Negative Sentiment: Despite the strong results, investors may be weighing WEX’s high leverage, with debt-to-equity at 2.83, plus negative operating cash flow in the quarter. Heavy insider selling over the past six months could also be a modest overhang on the stock.

Institutional Investors Weigh In On WEX

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in shares of WEX by 1.9% in the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock worth $471,000 after acquiring an additional 60 shares in the last quarter. Nicolet Advisory Services LLC boosted its holdings in WEX by 8.1% in the third quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 102 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in WEX by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock valued at $1,748,000 after purchasing an additional 104 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in WEX by 35.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 549 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 143 shares in the last quarter. Finally, Prelude Capital Management LLC increased its holdings in WEX by 2.9% during the 3rd quarter. Prelude Capital Management LLC now owns 5,149 shares of the business services provider’s stock worth $811,000 after purchasing an additional 143 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

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.