WEX (NYSE:WEX) Releases Earnings Results

WEX (NYSE:WEX) issued its quarterly earnings data on Wednesday. The business services provider reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.45, FiscalAI reports. WEX had a return on equity of 43.19% and a net margin of 12.56%. The company had revenue of $780.10 million for the quarter, compared to analysts’ expectations of $749.74 million.

WEX Price Performance

NYSE WEX traded up $2.20 on Wednesday, reaching $188.58. The company’s stock had a trading volume of 946,830 shares, compared to its average volume of 571,597. The firm’s 50 day moving average is $186.67 and its two-hundred day moving average is $164.17. The stock has a market cap of $6.43 billion, a PE ratio of 18.78, a PEG ratio of 1.01 and a beta of 0.84. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. WEX has a twelve month low of $125.29 and a twelve month high of $203.99.

Insider Buying and Selling at WEX

In other news, CEO Melissa D. Smith sold 28,109 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $190.09, for a total transaction of $5,343,239.81. Following the completion of the sale, the chief executive officer owned 126,625 shares in the company, valued at approximately $24,070,146.25. This represents a 18.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Deshaies sold 2,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $173.56, for a total value of $347,120.00. Following the sale, the chief operating officer directly owned 17,288 shares of the company’s stock, valued at approximately $3,000,505.28. This represents a 10.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 35,527 shares of company stock valued at $6,743,860 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on WEX shares. Mizuho increased their price objective on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Morgan Stanley lifted their target price on WEX from $172.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Piper Sandler began coverage on WEX in a research report on Thursday, September 10th. They issued a “neutral” rating and a $209.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of WEX in a report on Thursday, September 24th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $187.00.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Quarterly results exceeded expectations. WEX reported adjusted earnings of $6.13 per share, up from $4.59 a year earlier and above the $5.67–$5.68 analyst consensus. Revenue increased 12.8% year over year to $780.1 million, surpassing estimates of approximately $749.7 million. WEX Q3 earnings and revenues top estimates
• Positive Sentiment: Management raised 2026 guidance. Full-year revenue guidance increased to $2.97 billion–$2.99 billion, while adjusted net income guidance rose to $736 million–$743 million, or $21.28–$21.48 per diluted share. Fourth-quarter revenue is expected to be $760 million–$780 million. WEX third-quarter 2026 financial results
• Positive Sentiment: Growth was broad, led by Mobility. Mobility revenue rose 20.6% to $435.1 million, Benefits revenue increased 4.8% to $207.6 million, and Corporate Payments revenue grew 3.5% to $137.4 million. Total payment volume climbed 18.5% to $78.5 billion, while operating margin reached 30.6%.
• Positive Sentiment: Shareholder returns supported sentiment. WEX repurchased roughly $200 million of stock during the quarter and another $75 million through October 26, signaling management’s confidence and helping support per-share results. WEX Q3 revenue rises 12.8%
• Positive Sentiment: New AI partnership adds a potential growth catalyst. WEX and Euclid announced agentic AI tools aimed at improving trucking operations, potentially strengthening WEX’s position in commercial mobility payments. WEX teams with Euclid on agentic AI for trucking
• Neutral Sentiment: Options activity and valuation commentary suggest heightened investor interest, but neither provides a definitive indication of future performance.
• Negative Sentiment: Insiders have been net sellers, including multiple sales by executives, which may raise caution even though one insider purchase was reported.
• Negative Sentiment: Morgan Stanley raised its price target to $178 but maintained an “equal weight” rating; the target remains below the recent market level, implying limited near-term upside in the firm’s view. Morgan Stanley WEX rating

About WEX

WEX Inc (NYSE:WEX) is a financial technology company that provides payment-processing and business-management solutions. Its products are designed to help organizations manage corporate spending, employee benefits and mobility-related expenses through specialized payment accounts, software and data tools.

WEX’s mobility business serves commercial vehicle fleets with fuel cards, fleet-payment programs, expense controls, telematics integrations and related solutions. The company also supports emerging mobility needs, including electric-vehicle charging payments.