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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced that its board of directors has today authorized a new share repurchase program under which up to $150 million worth of WEX's common stock may be repurchased. Immediately prior to authorizing the new plan, the board of directors terminated the previously authorized share repurchase plan, which WEX had substantially completed in August 2022. Under this pro

WEX Board of Directors Authorizes New Share Repurchase Program

Avis Budget Group

CRA International

Genpact

Acquisitions are contributing significantly to WEX's revenue growth and enhancing the company's scalability.

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

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Jay Dearborn as Chief Strategy Officer, effective immediately. In this newly created role, Dearborn will drive both strategy and operational planning across the organization. He will also be responsible for end-to-end M&A activities, including deal origination, execution, and integration, as well as government affairs and exte

WEX Appoints Jay Dearborn Chief Strategy Officer

MercadoLibre

YETI

July saw a great bounce back for equities, and while the idea of whether a recovery is underway is still being debated, investors are looking for the next hot picks to strengthen their portfolios.

3 Credit Suisse Picks With Up to 75% Upside

WEX's second-quarter 2022 revenues benefit from segmental strength.

WEX Beats on Q2 Earnings and Revenues, Raises FY22 View

WEX, Inc. (NYSE:WEX ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Steven Elder - SVP, Global IR Melissa Smith - Chairman, President & CEO Jagtar Narula - CFO Conference Call Participants Sanjay Sakhrani - KBW Ramsey El-Assal - Barclays Bank Darrin Peller - Wolfe Research Sheriq Sumar - Evercore ISI James Faucette - Morgan Stanley Nikolai Cremo - Crédit Suisse Jeffrey Cantwell - Wells Fargo Securities Mihir Bhatia - Bank of America Merrill Lynch Operator Thank you for standing by. My name is Cheryl, and I will be your conference operator today.

WEX, Inc. (WEX) CEO Melissa Smith on Q2 2022 Results - Earnings Call Transcript

Wex (WEX) delivered earnings and revenue surprises of 8.48% and 5.20%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Wex (WEX) Beats Q2 Earnings and Revenue Estimates

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, is announcing today that it has plans to acquire the Exxon Mobil Business Card program. The acquisition will be contingent upon certain conditions and subject to closing. Upon completion of the acquisition, all of ExxonMobil's commercial card portfolio will be consolidated and administered by WEX. “The ExxonMobil Team at WEX is very excited by the prospect of welco

WEX Announces Plans to Acquire Exxon Mobil Business Card Portfolio

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three and six months ended June 30, 2022. “I am pleased to report that in the second quarter, we once again delivered record revenue and adjusted net income per share, driven by strong volume trends across the Company and favorable fuel prices,” said Melissa Smith, WEX's Chair and Chief Executive Officer. Ms. Smith added, “I

WEX Inc. Reports Second Quarter 2022 Financial Results

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today published its second annual environmental, social and governance (ESG) report. The new analysis highlights WEX's impact across 17 countries, 29 locations and more than 5,000 employees. The report advances WEX's ESG efforts organized around four core pillars – People and Culture, Environmental Innovation, Environmental Stewardship and Social Impact – alongside

WEX Releases Second Environmental, Social and Governance Report Detailing Impact and Progress

The average of price targets set by Wall Street analysts indicates a potential upside of 33.7% in Wex (WEX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can Wex (WEX) Climb 34% to Reach the Level Wall Street Analysts Expect?

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2022 financial results before the market opens on Thursday, July 28, 2022. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, 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 onl

WEX Inc. to Release Second Quarter 2022 Financial Results on July 28, 2022

Solid revenue growth and strategic acquisitions boost WEX.

6 Reasons Why It is Worth Betting on WEX for Your Portfolio

Adyen NV

WEX vs. ADYEY: Which Stock Is the Better Value Option?

WEX vs. ADYEY: Which Stock Should Value Investors Buy Now?

Wex (WEX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Wex (WEX) a New Buy Stock

WEX shows rising price performance, earning an upgrade to its IBD Relative Strength Rating The post WEX Sees IBD RS Rating Improve To 76 appeared first on Investor's Business Daily.

WEX Sees IBD RS Rating Improve To 76

Acquisitions are contributing significantly to WEX's revenue growth and enhancing the latter's scalability.

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

Few companies are as uniquely positioned to turn this difficult situation into something positive.

Pain at the Pump? This Under-the-Radar Tech Stock Profits from High Gas Prices

LONDON--(BUSINESS WIRE)--WEX's Esso Card™ is now available to public sector organisations that fall under the UK's Crown Commercial Service (CCS) framework for the first time.

WEX Announced as Named Supplier on Crown Commercial Service Framework, Expands offering to UK Public Sector businesses

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the 42nd Annual William Blair Growth Stock Conference on Wednesday, June 8, 2022, at approximately 12:00 PM CT. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.com, or through the following

WEX Inc. to Present at the 42nd Annual William Blair Growth Stock Conference

AutoZone

PORTLAND, Maine--(BUSINESS WIRE)--WEX today announced a partnership with AutoZone.

WEX Customers Can Now Save on AutoZone Parts

PORTLAND, Maine--(BUSINESS WIRE)--WEX announced its Health division's 2021 Partner Awards winners during WEX SPARK 2022.

WEX Announces Partner Award Winners

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the Barclays Emerging Payments and FinTech Forum 2022 on Monday, May 16, 2022, at approximately 8:40 AM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.com, or through the following add

WEX Inc. to Present at the Barclays Emerging Payments and FinTech Forum 2022

WEX's first-quarter 2021 revenues benefit from segmental strength.

WEX's Q1 Earnings and Revenues Surpass Estimates, Up Y/Y

WEX Inc. (NYSE:WEX ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Steve Elder – Senior Vice President-Investor Relations Melissa Smith – Chairman and Chief Executive Officer Jenny Kimball – Interim Chief Financial Officer Conference Call Participants Mihir Bhatia – Bank of America Jeff Cantwell – Wells Fargo Tien Tsin Huang – JP Morgan Bob Napoli – William Blair Dave Koning – Baird Sanjay Sakhrani – KBW Darrin Peller – Wolfe Research Operator Good morning. My name is David, and I'll be your conference operator today.

News for WEX Stock (WEX)