WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides payment and transaction processing services for the needs of commercial and government fleets. The Travel and Corporate Solutions segment focuses on the payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment, and transaction monitoring needs. The Health and Employee Benefit Solutions segment involves healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.

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WEX reports record revenue in 2022, eyes growth opportunities

WEX delivered strong financial performance in 2022, with record revenue and volume growth across all segments.
The company's strategic focus on market share, innovation, and cost reductions positions it well for future growth.
Challenges include credit losses, economic slowdown impacts, and the need to navigate changing market dynamics.
Opportunities lie in health care segment growth, cross-selling initiatives, M&A strategies, and product innovation for sustained success.

WEX beats Q1 expectations, eyes growth in Benefits and Payments

WEX delivered strong financial performance in Q1 2023, exceeding revenue and earnings guidance, with positive growth across key segments.
Challenges include margin pressures, credit losses, and potential slowdown in travel-related revenue, but opportunities lie in continued segment growth and strategic investments.
With raised guidance for the year, WEX aims to capitalize on opportunities in Benefits, Corporate Payments, and Mobility Solutions to drive future growth and expansion.

WEX reports record Q2 revenue, raises full-year guidance

WEX delivered strong Q2 results with record revenue and raised full-year guidance, showcasing resilience and growth potential.
Strategic acquisitions, market share initiatives, and focus on innovation position WEX for future success and market outperformance.
Challenges in certain segments like corporate payments and mobility require targeted strategies for sustained growth and profitability.
Opportunities in acquisitions, EV market, network incentives, and international expansion offer avenues for revenue diversification and market leadership.

WEX reports record Q3 earnings, eyes EV market growth

WEX delivered strong financial performance in Q3, exceeding revenue and net income targets
Strategic acquisitions, focus on EV market, and integrated offerings position WEX for future growth
Challenges include healthcare costs, competition, and regulatory landscape, requiring proactive strategies
Opportunities lie in EV market growth, embedded payments, and expansion in European travel volumes

WEX reports record revenue and strong earnings growth in Q4

WEX delivered robust financial performance in Q4 2023, driven by record revenue and strong net income growth, supported by strategic initiatives and acquisitions.
The company's focus on energy transition, cost-saving measures, and digital sales channels positions it well for future growth and market leadership.
While facing challenges like weather impacts and political ad spending, WEX's opportunities lie in venture investments, segment growth strategies, and revenue optimization.
Overall, WEX's financial health, strategic direction, and market positioning indicate a positive outlook for sustained growth and value creation.

WEX reports record revenue in Q1 2024, raises guidance

WEX delivered strong financial performance in Q1 2024, with record revenue and increased net income per share, driven by strategic partnerships and segment growth.
While facing short-term challenges in migration processes and delinking of revenue and EPS, WEX remains optimistic about long-term prospects and operational improvements.
The company's focus on innovation, revenue diversification, and operational efficiency positions WEX for continued growth and market leadership in the payment solutions industry.

WEX achieves record revenue and profitability growth in Q2 2024

WEX delivered strong financial performance with record revenue and profitability growth in Q2 2024.
The company's strategic focus on innovation, cost savings, and segment diversification bodes well for future growth.
While challenges and competition persist, WEX's proactive approach and market positioning offer opportunities for sustained success.

WEX reports Q3 revenue growth, faces Mobility segment challenges

WEX Inc. reported mixed results with revenue growth, profitability increase, and segment-specific challenges in Q3 2024.
Effective cost management strategies and strong performance in the Benefits segment were key highlights of the earnings call.
Challenges in the Mobility and Corporate Payments segments impacted overall results, leading to revised guidance for the full year.
Opportunities in digital marketing, EV solutions, and continued cost savings present avenues for future growth and performance enhancement.

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WEX, Inc. engages in the provision of payment processing and information management solutions. It offers fuel cards and fleets, employee benefits, and business payments products. It operates through the following segments: Mobility, Corporate Payments, and Benefits. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services. The Corporate Payments segment focuses on the complex payment environment of global business to business payments. The Benefits Segment provides SaaS software with embedded payment solutions and plan administration services for consumer directed health benefits. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.

PORTLAND, Maine--(BUSINESS WIRE)--WEX announces its plans for its third annual National Health Savings Account Awareness Day 2021, also known as HSA Day, on October 15, 2021.

WEX Announces HSA Day 2021, Partners with HR and Personal Finance Influencers

ChargePoint Holdings

Financial technology service provider WEX Inc. has announced plans to expand a relationship with electronic vehicle (EV) charging network ChargePoint in order to provide more seamless integration for mixed fleets, a press release says. The expanded partnership will increase access to the largest public EV charging network, which provides on-route charging needs.

WEX, ChargePoint to Integrate EV into Corporate Fleets

PORTLAND, Maine & CAMPBELL, Calif.--(BUSINESS WIRE)--WEX and ChargePoint have announced plans to expand their existing relationship

WEX and ChargePoint Announce Plans to Ease Integration of Electric Vehicles Into Corporate Fleets

PORTLAND, Maine--(BUSINESS WIRE)--WEX was awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement.

WEX Signs New Fleet Card Agreement with the State of Minnesota

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced that its Board of Directors has extended its share repurchase program that was initiated in 2017 and was set to expire on September 30, 2021. Under the renewed repurchase program, the Company may repurchase up to $150 million worth of the company's common stock. The repurchase program will expire on September 30, 2025, subject to earlier termination of the program by the Board

WEX Board of Directors Announces Extension of Share Repurchase Program

FinTech service provider WEX is launching the WEX Pay Card to give businesses the ability to transfer money in real time 24/7, according to a press release on Thursday (August 5). Customers can use the pay card where Mastercard is accepted.

WEX Intros Pay Card For Quick Biz Funds

PORTLAND, Maine--(BUSINESS WIRE)--WEX announces the launch of the WEX Pay Card.

WEX Pay Card Provides Fast, Easy Funding for Businesses and Cardholders

WEX's (WEX) second-quarter 2021 revenues benefit from segmental strength.

WEX's Q2 Earnings and Revenues Beat Estimates, Increase Y/Y

WEX Inc. (WEX) CEO Melissa Smith on Q2 2021 Results - Earnings Call Transcript

Wex (WEX) delivered earnings and revenue surprises of 16.08% and 5.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Wex (WEX) Q2 Earnings and Revenues Beat Estimates

Shares of WEX (NYSE:WEX) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 90.91% over the past year to $2.31, which beat the estimate of $1.95.

Recap: WEX Q2 Earnings

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended June 30, 2021. “Momentum continued through the second quarter as we delivered robust revenue and earnings growth, signed new customer and renewed existing business, and more than doubled total purchase volume processed across the Company compared to last year to $21 billion. These exceptional results reflect strong execution from th

WEX Inc. Reports Second Quarter 2021 Financial Results

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced it will report second quarter 2021 financial results before the market opens on Thursday, July 29, 2021. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Roberto Simon, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed through

WEX Inc. to Release Second Quarter 2021 Financial Results on July 29, 2021

Strategic acquisitions and revenue-generation efforts are aiding WEX stock. However, high debt is worrisome.

Here's Why You Should Hold WEX Stock in Your Portfolio Now

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Zymergen

With the trading day more than halfway over, the markets were sliding. Each of the major indexes saw a loss at midday, with the Dow Jones industrial average leading the charge lower by 1%.

Alibaba, Apple, Squarespace, Virgin Galactic and More Tuesday Afternoon Analyst Calls

WEX continues its bolt-on deal making strategy. This is to be applauded, as the real recovery in the core market should arrive soon now.

WEX - Continued M&A Action

Financial technology service provider WEX Inc (NYSE: WEX) has won California state-wide fleet card contract from California's Department of General Services (DGS) and the Office of Fleet and Asset Management (OFAM). The program will provide California state agencies and other eligible local government users convenient payment tools, reporting, and analytics to support their purchasing of fuel, electric vehicle charging, and other fleet-related expenses.

WEX Bags New Fleet Card Agreement With California

PORTLAND, Maine--(BUSINESS WIRE)--WEX has been awarded the California state-wide fleet card contract.

WEX Signs New Fleet Card Agreement With the State of California

LOS ANGELES & PORTLAND, Maine--(BUSINESS WIRE)--Emburse announces Emburse Pay - B2B Payments, a payables solution that manages invoice approval and payment process, in partnership with WEX.

Emburse Pay - B2B Payments to Deliver First Fully Automated Purchase Order-to-Payment Processing

KILKENNY, Ireland, June 3, 2021 /PRNewswire/ -- TransferMate, the world's leading provider of payments infrastructure as a service, and WEX, a global financial technology service provider, today launched new capabilities that simplify how businesses of all sizes execute complex international payments. Through the partnership, TransferMate has integrated its leading payments technology directly into the WEX system.

TransferMate Joins Forces With WEX To Deliver New International Payments Capabilities, Eliminating Complexity While Increasing Speed And Security

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), a leading financial technology service provider, today announced that it has completed the acquisition of benefitexpress, a leading provider of highly configurable, cloud-based benefits administration technologies and services. WEX previously announced its entry into a definitive agreement to acquire benefitexpress on April 14, 2021. WEX expects the acquisition to be neutral to Adjusted Net Income in fiscal year 2021. Forward-Looking Statement

WEX Completes Acquisition of benefitexpress

PORTLAND, Maine--(BUSINESS WIRE)--WEX today released its inaugural Environmental, Social and Governance (ESG) Report.

WEX Releases Inaugural Environmental, Social and Governance (ESG) Report

PORTLAND, Maine--(BUSINESS WIRE)--WEX's EFS and Fleet One payment solutions (WEX OTR) have been added to RoadSync's digital payments platform, RoadSync Checkout.

RoadSync Customers Can Now Pay with WEX Cards

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced it will present at the following investor conferences in the month of June: On Tuesday, June 1, Chair and Chief Executive Officer, Melissa Smith, will present at the William Blair 41st Annual Growth Stock Conference at approximately 3:40 PM EDT (12:40 PM PDT). A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.w

WEX Inc. to Present at Investor Conferences in June

WEX continues to acquire and invest in companies, both in the United States as well as internationally, to expand its product and service offerings.

News for WEX Stock (WEX)