Earnings summaries and quarterly performance for WEX.
Executive leadership at WEX.
Melissa Smith
Detailed
Chief Executive Officer and President
CEO
AD
Ann Drew
Chief Risk and Compliance Officer
CC
Carlos Carriedo
Chief Operating Officer, Americas Payments & Mobility
JN
Jagtar Narula
Chief Financial Officer
JD
Jay Dearborn
Chief Operating Officer, International
JK
Jennifer Kimball
Chief Accounting Officer
KS
Karen Stroup
Chief Digital Officer
RD
Robert Deshaies
Chief Operating Officer, Benefits
SD
Sachin Dhawan
Chief Technology Officer
ST
Sara Trickett
Chief Legal Officer, Interim Chief People Officer, and Corporate Secretary
Board of directors at WEX.
AC
Aimee Cardwell
Detailed
Director
DC
Daniel Callahan
Detailed
Director
DF
David Foss
Detailed
Director
DR
Derrick Roman
Detailed
Director
JV
Jack VanWoerkom
Detailed
Vice Chairman and Lead Director
JG
James Groch
Detailed
Director
JN
James Neary
Detailed
Director
NA
Nancy Altobello
Detailed
Director
SG
Shikhar Ghosh
Detailed
Director
SS
Stephen Smith
Detailed
Director
SS
Susan Sobbott
Detailed
Director
Research analysts who have asked questions during WEX earnings calls.
DK
David Koning
Robert W. Baird & Co.
9 questions for WEX
Also covers: ACN, AVDX, CNXC +17 more
SS
Sanjay Sakhrani
Keefe, Bruyette & Woods (KBW)
9 questions for WEX
Also covers: ALLY, AVDX, AXP +19 more
MB
Mihir Bhatia
Bank of America
6 questions for WEX
Also covers: ACT, AFRM, AXP +13 more
Rayna Kumar
Oppenheimer & Co. Inc.
6 questions for WEX
Also covers: AFRM, BLSH, CPAY +14 more
DP
Darrin Peller
Wolfe Research, LLC
5 questions for WEX
Also covers: ACN, ADYYF, AFRM +28 more
Ramsey El-Assal
Barclays
5 questions for WEX
Also covers: ACN, ADP, AFRM +23 more
AJ
Andrew Jeffrey
William Blair & Company
4 questions for WEX
Also covers: AFRM, CHYM, COIN +9 more
NS
Nate Svensson
Deutsche Bank
4 questions for WEX
Also covers: AFRM, BILL, CPAY +10 more
Trevor Williams
Jefferies LLC
4 questions for WEX
Also covers: ACIW, CPAY, FIS +8 more
Andrew Bauch
Wells Fargo & Company
3 questions for WEX
Also covers: AFRM, AVDX, FLYW +9 more
DD
Dan Dolev
Mizuho Financial Group
2 questions for WEX
Also covers: ACN, ADP, AFRM +16 more
Michael Infante
Morgan Stanley
2 questions for WEX
Also covers: ADP, BR, CPAY +10 more
MR
Michael Rosenthal
Morgan Stanley
2 questions for WEX
NS
Nate Sanson
Deutsche Bank
2 questions for WEX
NC
Nik Cremo
UBS Group AG
2 questions for WEX
Also covers: JKHY, NYAX
Nikolai Cremo
UBS
2 questions for WEX
Also covers: MLNK, VRRM
Shray Gurtata
Barclays
2 questions for WEX
Also covers: GDOT
TH
Tien-tsin Huang
JPMorgan Chase & Co.
2 questions for WEX
Also covers: ACN, ADP, ALIT +27 more
CS
Christopher Svensson
Deutsche Bank AG
1 question for WEX
Also covers: EVTC, FLYW, PAGS +2 more
Daniel Krebs
Wolfe Research
1 question for WEX
Also covers: EEFT, PAYO
John Davis
Raymond James Financial
1 question for WEX
Also covers: CPAY, EVRI, EVTC +8 more
Recent press releases and 8-K filings for WEX.
WEX CEO discusses 2026 outlook, AI integration, and capital allocation
WEX
Guidance Update
New Projects/Investments
Share Buyback
Revenue Acceleration/Inflection
- WEX provided 2026 guidance of $2.7 billion - $2.76 billion in revenue and $17.25 - $17.85 in EPS, representing a midpoint of 5% revenue growth and 13% EPS growth (excluding macro factors).
- The company is heavily investing in AI, which led to a 50% increase in product innovation velocity in 2025 and currently sees 40% of its code written by AI.
- WEX generated $638 million in cash flow in 2025 and has returned $2 billion to shareholders since 2022, including $790 million last year, with a current focus on delevering to below 3% leverage.
- Growth is expected from the Mobility segment (50% of business), with BP rolling onto its platform in 2026, and the Benefits segment (targeting 5%-7% top-line growth) driven by AI-enabled products and account expansion.
Mar 3, 2026, 7:50 PM
WEX Reports 2025 Financial Results and Provides 2026 Guidance
WEX
Earnings
Guidance Update
Share Buyback
- WEX reported $2.66 billion in revenue and $16.10 in adjusted net income per diluted share for the full year 2025.
- For the full year 2026, WEX projects revenue between $2,700 million and $2,760 million and adjusted net income per diluted share between $17.25 and $17.85.
- In 2025, WEX allocated $790.0 million to share repurchases and ended the year with a leverage ratio of 3.1x, within its target range of 2.5-3.5x.
- The company targets long-term organic revenue growth of 5-10% and adjusted earnings per share growth of 10-15%.
Mar 3, 2026, 7:50 PM
WEX Provides 2026 Financial Guidance and Highlights AI Integration
WEX
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- WEX provided 2026 guidance on February 5th, projecting revenue between $2.7 billion and $2.76 billion and EPS between $17.25 and $17.85. The midpoint of this guidance, excluding macro factors, implies 5% revenue growth and 13% EPS growth.
- The company is heavily investing in Artificial Intelligence (AI), which led to a 50% increase in product innovation velocity in 2025 with 400 fewer product and technology staff. Currently, 40% of WEX's code is written by AI, enhancing product development, risk management, and operational efficiency.
- WEX generated $638 million in cash flow in 2025 and has returned $2 billion to shareholders since 2022, including $790 million in 2025 through share buybacks. The company is focused on deleveraging to below 3% from its current 3.1x leverage ratio before considering other capital uses.
- The Mobility segment (approximately 50% of the business) is expected to see 1%-3% organic growth in 2026, driven by the integration of BP onto its platform and increased customer acquisition efforts. The Benefits segment targets 5%-7% top-line growth, fueled by new product offerings and increasing account balances.
Mar 3, 2026, 7:50 PM
WEX CEO Discusses 2026 Outlook and AI Investments
WEX
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- WEX operates across three key markets: mobility (approximately 50% of its business), benefits, and corporate payments (approximately 20% of its business), focusing on payment intelligence and workflow solutions to simplify business operations.
- For 2026, WEX provided guidance of $2.7 billion-$2.76 billion in revenue and $17.25-$17.85 in EPS, which at the midpoint, implies 5% revenue growth and 13% EPS growth when excluding fuel prices, FX, and interest rates. The company views 2025 as an investment year and 2026 as a scaling year.
- WEX has made substantial investments in artificial intelligence (AI), with 40% of its code currently written by AI and a 50% increase in product innovation velocity in 2025 with over 400 fewer product and technology personnel, aiming for enhanced customer experience and lower operational costs.
- The company generated $638 million in cash flow in 2025 and has returned $2 billion to shareholders since 2022, including $790 million last year. WEX is focused on delevering from its current 3.1 times leverage to below 3%, with share buybacks expected to continue through 2026.
- Segment growth is driven by factors such as the BP partnership coming online in the second half of 2026 and increased customer acquisition in mobility, compelling product roadmaps and account growth in benefits, and continued spend volume growth in corporate payments, which grew 15% last quarter.
Mar 3, 2026, 7:50 PM
Thoma Bravo to Acquire WWEX Group
WEX
M&A
New Projects/Investments
- Private-equity firm Thoma Bravo is moving to acquire WWEX Group and combine it with its shipping-software portfolio company Auctane.
- The combined business is expected to become one of the largest logistics and shipping-technology platforms, with media reports valuing the new company at up to $12 billion and placing WWEX's valuation at roughly $5 billion.
- WWEX reported approximately $5 billion in systemwide revenue in 2025, serves over 130,000 customers, and moves over 70 million shipments annually.
- The transaction is planned to close in the second quarter of 2026, subject to regulatory approvals, with existing WWEX investors retaining a significant minority stake.
Mar 3, 2026, 12:50 AM
WEX Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance
WEX
Earnings
Guidance Update
New Projects/Investments
- WEX reported Q4 2025 revenue of $672.9 million, an increase of 5.7% year-over-year, and adjusted net income per diluted share of $4.11, up 15.1% year-over-year. For the full year 2025, revenue reached a record $2.66 billion, and adjusted net income per share was $16.10.
- The company provided Q1 2026 revenue guidance of $650 million-$670 million and adjusted EPS guidance of $3.80-$4.00. For full year 2026, WEX expects revenue between $2.70 billion and $2.76 billion and adjusted EPS between $17.25 and $17.85.
- WEX is transitioning from an investment phase to a scaling phase in 2026, with operating leverage expected to drive meaningful margin expansion over the medium term, supported by $50 million in cost savings actions.
- The company generated $638 million in adjusted free cash flow in 2025 and plans to prioritize debt reduction, aiming for a leverage ratio below 3x by Q2 or Q3 2026.
Feb 5, 2026, 3:00 PM
WEX Reports Strong Q4 2025 Results and Provides 2026 Guidance
WEX
Earnings
Guidance Update
Revenue Acceleration/Inflection
- WEX reported Q4 2025 total revenue of $672.9 million, an increase of 5.7% year-over-year.
- GAAP net income per diluted share for Q4 2025 rose 50.6% to $2.41, while adjusted net income per diluted share increased 15.1% to $4.11.
- Performance was driven by higher fuel prices and strong growth in the Benefits segment, with revenue up 9.6% to $204.9 million, and the Corporate Payments segment, which saw revenue increase 17.8% to $122.9 million.
- The company maintained a healthy financial position with $1.25 billion in available liquidity and a leverage ratio of 3.1x as of December 31, 2025.
- WEX issued Q1 2026 guidance for net revenue between $650 million and $670 million, and adjusted net income per diluted share between $3.80 and $4.00.
Feb 5, 2026, 3:00 PM
WEX Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
WEX
Earnings
Guidance Update
Revenue Acceleration/Inflection
- WEX delivered strong Q4 2025 results with revenue of $672.9 million, an increase of 5.7% year-over-year, and adjusted net income per diluted share of $4.11, up 15.1% year-over-year. For the full year 2025, the company achieved record revenue of $2.66 billion and adjusted net income per share of $16.10.
- The company provided 2026 guidance, projecting full-year revenue between $2.70 billion and $2.76 billion and adjusted EPS between $17.25 and $17.85 per diluted share. This represents a midpoint revenue growth of 5% and EPS growth of 13%, excluding the impact of fuel prices, FX rates, and interest rates.
- WEX is transitioning from an investment phase to a scaling phase in 2026, anticipating operating leverage and meaningful margin expansion over the medium term, supported by $50 million in cost savings actions. However, the adjusted operating income margin is expected to be flat with 2025 due to a negative impact from lower fuel prices.
- The company continues to prioritize debt reduction, ending Q4 2025 with a leverage ratio of 3.1 times and expecting to achieve a ratio below 3 times in Q2 or Q3 2026. WEX also plans to continue share buybacks given its current trading multiple.
Feb 5, 2026, 3:00 PM
WEX Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
WEX
Earnings
Guidance Update
Board Change
- WEX reported Q4 2025 revenue of $672.9 million, a 5.7% increase year-over-year, and Adjusted Net Income per diluted share of $4.11, up 15.1%. For the full year 2025, revenue reached $2.66 billion and Adjusted Net Income per share was $16.10.
- For Q1 2026, WEX expects revenue between $650-$670 million and adjusted net income EPS between $3.80-$4.00. The full year 2026 guidance projects revenue of $2.70-$2.76 billion and adjusted net income EPS of $17.25-$17.85.
- The company generated $638 million in adjusted free cash flow in 2025 and reduced its leverage ratio to 3.1 times by Q4 2025, with a goal to be below 3 times by Q2 or Q3 2026.
- WEX plans to shift from an investment to a scaling phase in 2026, with operating leverage driving meaningful margin expansion over the medium term, and has embedded $50 million of cost savings actions in its 2026 guidance.
- David Foss will assume the role of Vice Chair and Lead Independent Director effective at the 2026 annual meeting, as part of a multi-year board refreshment plan.
Feb 5, 2026, 3:00 PM
WEX Reports Fourth Quarter and Full Year 2025 Financial Results
WEX
Earnings
Guidance Update
Revenue Acceleration/Inflection
- WEX reported Q4 2025 revenue of $672.9 million, an increase of 5.7% compared to the prior year, and full year 2025 revenue of $2.66 billion, up 1.2%.
- For Q4 2025, GAAP net income was $2.41 per diluted share (up 50.6%) and adjusted net income was $4.11 per diluted share (up 15.1%), while full year 2025 adjusted net income per diluted share increased 5.4% to $16.10.
- The company provided Q1 2026 net revenue guidance of $650 million to $670 million and full year 2026 net revenue guidance of $2,700 million to $2,760 million.
- Q1 2026 adjusted net income per diluted share is projected to be between $3.80 and $4.00, with full year 2026 adjusted net income per diluted share expected to range from $17.25 to $17.85.
Feb 4, 2026, 9:34 PM
Quarterly earnings call transcripts for WEX.
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