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

WEX (NYSE:WEX) released its quarterly earnings data on Wednesday. The business services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.28, FiscalAI reports. The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.37 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm 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 Down 3.1%

NYSE:WEX traded down $5.02 on Wednesday, reaching $155.94. The stock had a trading volume of 1,066,805 shares, compared to its average volume of 540,979. The company has a 50-day moving average of $144.52 and a 200 day moving average of $152.36. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The stock has a market cap of $5.41 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.00 and a beta of 0.85. WEX has a 12-month low of $125.29 and a 12-month high of $186.85.

Insider Activity

In other WEX news, COO Robert Joseph Deshaies sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the transaction, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at $3,010,739.20. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 dated Monday, May 18th. The shares were acquired at an average price of $142.95 per share, with a total value of $214,425.00. Following the completion of the purchase, the director owned 17,957 shares in the company, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WEX. Los Angeles Capital Management LLC bought a new stake in shares of WEX in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its stake in WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in WEX by 4,837.5% in the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock worth $58,000 after purchasing an additional 387 shares in the last quarter. Danske Bank A S bought a new stake in WEX in the third quarter valued at about $79,000. Finally, Kestra Advisory Services LLC bought a new stake in WEX in the fourth quarter valued at about $80,000. 97.47% of the stock is currently owned by institutional investors.

Key Stories Impacting 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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WEX shares. Cantor Fitzgerald dropped their price target on WEX from $173.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Wall Street Zen downgraded shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Finally, Evercore raised shares of WEX to an “outperform” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, WEX currently has an average rating of “Hold” and a consensus price target of $173.70.

WEX declared that its board has authorized a share repurchase 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 purchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.