Quarterly ResultJul 22, 2026, 05:01 PM
WEX Q2 Revenue $753.5M, EPS $3.11; Raises Full-Year Guidance
AI Summary
WEX Inc. reported strong second-quarter 2026 financial results, with revenue increasing 14.2% to $753.5 million and adjusted net income per diluted share rising 35.4% to $5.35, exceeding previous guidance. The company also announced approximately $93 million in share repurchases from May through July 20. Following the strong performance, WEX raised its full-year 2026 revenue guidance to a range of $2.86 billion to $2.90 billion and adjusted net income guidance to $19.68 to $20.08 per diluted share.
Key Highlights
- Q2 2026 revenue increased 14.2% to $753.5 million.
- GAAP net income per diluted share rose 57.1% to $3.11.
- Adjusted net income per diluted share increased 35.4% to $5.35.
- Repurchased approximately $60 million in shares during Q2, with an additional $33 million through July 20.
- Raised full-year 2026 revenue guidance to $2.86 billion - $2.90 billion.
- Raised full-year 2026 adjusted net income guidance to $19.68 - $20.08 per diluted share.
- Leverage ratio decreased to 2.9x as of June 30, 2026, from 3.1x.
- Mobility segment revenue grew 22.0% to $422.4 million.
Price Impact
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