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 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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WEX. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Weiss Ratings raised WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Cantor Fitzgerald reiterated a “neutral” rating on shares of WEX in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Finally, Morgan Stanley raised their price objective on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, WEX presently has a consensus rating of “Hold” and an average price target of $173.70.

WEX Stock Performance

Shares of NYSE WEX opened at $173.01 on Friday. The stock’s fifty day simple moving average is $145.69 and its 200 day simple moving average is $152.58. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.96 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX has a 52-week low of $125.29 and a 52-week high of $186.85.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 44.40% and a net margin of 12.56%.The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same period in the prior year, the business posted $3.95 earnings per share. WEX’s revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, sell-side analysts forecast that WEX will post 16.81 earnings per share for the current fiscal year.

WEX announced that its board has initiated a stock buyback program on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 21.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the sale, the chief operating officer owned 20,288 shares in the company, valued at $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch purchased 1,500 shares of WEX stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $142.95 per share, with a total value of $214,425.00. Following the transaction, the director owned 17,957 shares in the company, valued at $2,566,953.15. This represents a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is currently owned by corporate insiders.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 expectations with revenue of $753.5 million and adjusted EPS of $5.35, both above analyst estimates, while profit and margins improved sharply year over year. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company lifted full-year 2026 guidance, now targeting revenue of $2.86 billion to $2.90 billion and adjusted EPS of $19.68 to $20.08, above prior expectations. Wex: Q2 Earnings Snapshot
• Positive Sentiment: Management said it is prioritizing share buybacks after leverage returned to 2.9x, signaling confidence in cash flow and the balance sheet. WEX outlines 2026 revenue of $2.86B-$2.9B while prioritizing buybacks after leverage returns to 2.9x
• Neutral Sentiment: Commentary around the earnings call highlighted that part of the quarter’s growth was helped by higher fuel prices and favorable foreign exchange, though underlying growth was still positive. Forget Travel, WEX’s Next Act Is B2B Payments
• Neutral Sentiment: Analyst reaction has been mixed, with at least one firm maintaining a Hold rating despite the better-than-expected results. WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating

Institutional Investors Weigh In On WEX

Several hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of WEX in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its stake in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after buying an additional 387 shares during the period. Danske Bank A S acquired a new stake in shares of WEX during the 3rd quarter valued at $79,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of WEX during the 4th quarter valued at $80,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

About WEX

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.