WEX (NYSE:WEX) Releases FY 2026 Earnings Guidance

WEX (NYSE:WEX) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 19.680-20.080 for the period, compared to the consensus EPS estimate of 18.800. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. WEX also updated its Q3 2026 guidance to 5.450-5.650 EPS.

WEX Price Performance

WEX stock traded down $5.02 on Wednesday, hitting $155.94. 1,066,803 shares of the company’s stock traded hands, compared to its average volume of 540,972. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.00 and a beta of 0.85. WEX has a 1-year low of $125.29 and a 1-year high of $186.85. 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 fifty day moving average of $144.52 and a 200-day moving average of $152.36.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.23. The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.51 earnings per share. On average, analysts forecast that WEX will post 16.81 EPS for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WEX shares. Morgan Stanley lifted their target price on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Robert W. Baird lifted their price target on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $173.70.

Insider Activity

In other WEX news, Director James R. Groch acquired 1,500 shares of the firm’s 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 transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of the company’s stock in a transaction dated 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 owned 20,288 shares in the company, valued at $3,010,739.20. This represents a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is currently owned by corporate insiders.

Key WEX News

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.

Hedge Funds Weigh In On WEX

Several institutional investors and hedge funds have recently modified their holdings of WEX. Goldman Sachs Group Inc. raised its holdings in shares of WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after acquiring an additional 215,036 shares in the last quarter. Empowered Funds LLC purchased a new position in WEX in the first quarter valued at about $394,000. American Century Companies Inc. grew its stake in WEX by 1.9% in the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 387 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of WEX during the 2nd quarter worth $271,000. 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.