WEX (NYSE:WEX) Posts Quarterly Earnings Results, Beats Estimates By $0.28 EPS

WEX (NYSE:WEX) posted its quarterly earnings data on Wednesday. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.28, FiscalAI reports. The firm had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.37 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $3.95 EPS. WEX updated its Q3 2026 guidance to 5.450-5.650 EPS and its FY 2026 guidance to 19.680-20.080 EPS.

WEX Stock Performance

NYSE WEX traded down $5.02 on Wednesday, hitting $155.94. 1,066,805 shares of the stock traded hands, compared to its average volume of 564,697. 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 business’s fifty day moving average is $144.92 and its two-hundred day moving average is $152.41. WEX has a 12 month low of $125.29 and a 12 month high of $186.85. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.99 and a beta of 0.85.

Trending Headlines about WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX posted Q2 2026 revenue of $753.5 million, ahead of estimates, with revenue up 14.2% year over year and adjusted profitability improving across the business. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Second-quarter EPS came in at $5.35, beating consensus, while gross profit, operating profit, and net income all grew sharply year over year, reinforcing the earnings beat. WEX Inc. (WEX) Releases Q2 2026 Earnings: Revenue Growth and Profitability Improve
• Positive Sentiment: WEX also raised its full-year 2026 and third-quarter guidance above analyst expectations, signaling management confidence in the rest of the year. WEX Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Morgan Stanley raised its price target on WEX to $172 while keeping an equal-weight rating, suggesting analysts see some upside but remain cautious. Morgan Stanley analyst update
• Neutral Sentiment: William Blair maintained a Hold rating, citing mixed earnings quality and uneven segment trends, which may temper enthusiasm despite the earnings beat. WEX analyst note
• Negative Sentiment: Recent insider activity has leaned toward selling, which can be a modest overhang for investor sentiment even after the strong results. Insider trading activity

Analyst Upgrades and Downgrades

WEX has been the subject of several recent analyst reports. Evercore raised WEX to an “outperform” rating in a research note on Tuesday. Robert W. Baird boosted their price target on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Cantor Fitzgerald lowered their price objective on shares of WEX from $173.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Finally, Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $173.70.

WEX announced that its Board of Directors has approved a share buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 21.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, COO Robert Joseph Deshaies sold 2,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the completion of the transaction, the chief operating officer directly owned 20,288 shares in the company, valued at approximately $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the purchase, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. The trade was a 9.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Institutional Trading of WEX

Hedge funds and other institutional investors have recently bought and sold shares of the company. Par Capital Management Inc. raised its stake in shares of WEX by 21.6% during the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after acquiring an additional 400,500 shares in the last quarter. Boston Partners grew its holdings in shares of WEX by 13.7% during the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock valued at $215,955,000 after purchasing an additional 174,079 shares during the last quarter. AQR Capital Management LLC raised its position in WEX by 794.0% in the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after purchasing an additional 790,271 shares during the period. Bank of America Corp DE raised its position in WEX by 8.6% in the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after purchasing an additional 69,375 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in WEX by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 687,655 shares of the business services provider’s stock worth $102,454,000 after purchasing an additional 44,842 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.