WEX (NYSE:WEX) Announces Quarterly Earnings Results

WEX (NYSE:WEX) posted its quarterly earnings results on Wednesday. The business services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.23, FiscalAI reports. The company had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $3.51 EPS. WEX updated its FY 2026 guidance to 18.950-19.550 EPS and its Q2 2026 guidance to 4.930-5.130 EPS.

WEX Trading Up 4.4%

Shares of WEX stock opened at $185.26 on Thursday. WEX has a 12-month low of $120.03 and a 12-month high of $186.86. The company has a market capitalization of $6.42 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.30 and a beta of 0.93. The firm has a 50-day moving average price of $159.02 and a 200 day moving average price of $154.61. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Monday. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a report on Friday, March 6th. JPMorgan Chase & Co. lowered their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Mizuho dropped their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $164.27.

Insider Activity

In related news, COO Joel Alan Dearborn, Jr. sold 3,500 shares of WEX stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $175.00, for a total transaction of $612,500.00. Following the completion of the transaction, the chief operating officer directly owned 22,872 shares of the company’s stock, valued at $4,002,600. This trade represents a 13.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sara Trickett sold 1,815 shares of WEX stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total transaction of $272,159.25. Following the transaction, the insider directly owned 2,137 shares of the company’s stock, valued at $320,443.15. This represents a 45.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,479 shares of company stock worth $2,454,914 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

Institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC bought a new position in WEX during the 4th quarter valued at about $234,000. Laird Norton Wetherby Wealth Management LLC bought a new position in shares of WEX in the third quarter worth about $232,000. Nicolet Advisory Services LLC raised its stake in shares of WEX by 8.1% in the third quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock worth $214,000 after acquiring an additional 102 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of WEX in the third quarter worth about $151,000. Finally, Quadrant Capital Group LLC bought a new position in shares of WEX in the third quarter worth about $132,000. 97.47% of the stock is owned by institutional investors.

Key Headlines Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q1 results beat expectations — WEX reported revenue of ~$673.8M and EPS that topped consensus, with management saying revenue and adjusted net income exceeded the high end of guidance. This underpins the near-term upside in the stock. WEX Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Company raised guidance — WEX updated Q2 2026 EPS guidance to $4.93–$5.13 and FY2026 to $18.95–$19.55 (both above consensus), and gave higher revenue ranges, signaling management confidence in growth and margin trends.
• Positive Sentiment: Management is pushing the investment story — WEX published a shareholder letter highlighting “accelerating momentum” and will host a virtual fireside chat (April 27) to discuss strategy and value-creation plans, which supports further institutional interest. WEX Issues Letter to Shareholders WEX to Host Virtual Fireside Chat
• Neutral Sentiment: Analyst activity mixed — Morgan Stanley raised its price target to $158 (from $146) but kept an equal-weight rating; the move is a modest vote of confidence but the target remains below the current market price, so impact is mixed. Morgan Stanley Raises WEX Price Target
• Negative Sentiment: Proxy contest/governance risk — Impactive Capital’s campaign continues to gain traction: Glass Lewis has recommended two dissident nominees, increasing the risk of board change and short-term stock volatility tied to the proxy fight. Glass Lewis Supports Impactive’s Case
• Negative Sentiment: Cash-flow and balance-sheet items flagged — some third‑party summaries note weakening operating cash flow and rising liabilities year‑over‑year, plus notable recent insider selling, which are areas investors should monitor despite the earnings beat. QuiverQuant Q1 Summary

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.