Quarterly ResultJul 23, 2026, 01:56 PM
WEX Q2 Revenue $753.5M, Net Income $108.5M, EPS $3.11
AI Summary
WEX Inc. reported strong financial results for the second quarter of 2026, with total revenues climbing 14.2% to $753.5 million compared to the prior year. Net income attributable to shareholders saw a significant increase of 59.3% to $108.5 million, leading to diluted earnings per share of $3.11. The company also highlighted growth in key revenue streams, including payment processing and finance fees, and continued share repurchases.
Key Highlights
- Total revenues increased 14.2% to $753.5 million for Q2 2026.
- Net income attributable to shareholders rose 59.3% to $108.5 million for Q2 2026.
- Diluted EPS increased 57.1% to $3.11 for Q2 2026.
- Payment processing revenue grew 20.8% to $344.5 million in Q2 2026.
- Finance fee revenue increased 26.7% to $101.9 million in Q2 2026.
- Operating income for Q2 2026 was $203.2 million, up 29.6%.
- Repurchased $60.0 million of common stock during Q2 2026.
Price Impact
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