WEX (NYSE:WEX) Releases Q3 2026 Earnings Guidance

WEX (NYSE:WEX) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (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.

WEX Trading Up 11.1%

Shares of WEX stock opened at $173.01 on Friday. WEX has a 52-week low of $125.29 and a 52-week high of $186.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. The company’s 50-day simple moving average is $145.69 and its 200-day simple moving average is $152.58. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 44.40%. The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the firm earned $3.95 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities research analysts anticipate that WEX will post 16.81 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WEX shares. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft cut their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Cantor Fitzgerald reissued a “neutral” rating on shares of WEX in a report on Thursday. Morgan Stanley boosted their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday. 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 equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $173.70.

Insider Activity at WEX

In other WEX news, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of the stock in a transaction 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 acquisition, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. The trade was a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is owned by insiders.

WEX News Roundup

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 expectations with revenue of $753.5 million and adjusted EPS of $5.35, both above analyst estimates, while profit and margins improved sharply year over year. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company lifted full-year 2026 guidance, now targeting revenue of $2.86 billion to $2.90 billion and adjusted EPS of $19.68 to $20.08, above prior expectations. Wex: Q2 Earnings Snapshot
• Positive Sentiment: Management said it is prioritizing share buybacks after leverage returned to 2.9x, signaling confidence in cash flow and the balance sheet. WEX outlines 2026 revenue of $2.86B-$2.9B while prioritizing buybacks after leverage returns to 2.9x
• Neutral Sentiment: Commentary around the earnings call highlighted that part of the quarter’s growth was helped by higher fuel prices and favorable foreign exchange, though underlying growth was still positive. Forget Travel, WEX’s Next Act Is B2B Payments
• Neutral Sentiment: Analyst reaction has been mixed, with at least one firm maintaining a Hold rating despite the better-than-expected results. WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating

Hedge Funds Weigh In On WEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC purchased a new position in shares of WEX during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after buying an additional 387 shares during the last quarter. Danske Bank A S acquired a new stake in WEX during the 3rd quarter valued at $79,000. Finally, Kestra Advisory Services LLC purchased a new position in WEX during the fourth quarter worth $80,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

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.