WEX Inc. Reports Third Quarter 2026 Financial Results
WEX reported Q3 2026 revenue of $780.1 million, up 12.8% year-over-year, with GAAP EPS of $3.88 (+68.7%) and adjusted EPS of $6.13 (+33.6%). Margins expanded meaningfully — adjusted operating margin reached 42.6% versus 39.5% a year ago — and adjusted free cash flow was $234.3 million, though GAAP operating cash flow was negative $11.2 million. The company raised full-year 2026 guidance to revenue of $2.97B-$2.99B and adjusted EPS of $21.28-$21.48, repurchased roughly $275 million of stock since Q3 began, and cut its leverage ratio to 2.7x.
Key figures
- Eps
- 3.88
- Revenue
- 780100000
- Guidance
- FY2026 revenue $2.97B-$2.99B (raised from $2.86B-$2.90B); adjusted net income $736M-$743M or $21.28-$21.48 per diluted share (raised from $19.68-$20.08). Q4: revenue $760M-$780M, adjusted EPS $5.67-$5.87
- Revenue Yoy
- 12.8%
- Net income
- 134100000
- Q3 buybacks
- approximately $200 million
- Adjusted eps
- 6.13
- Adjusted fcf
- 234300000
- Gaap eps yoy
- 68.7%
- Total volume
- $78.5 billion (+18.5%)
- Leverage ratio
- 2.7x
- Adjusted eps yoy
- 33.6%
- Benefits revenue
- 207600000
- Mobility revenue
- 435100000
- October buybacks
- $75 million through October 26
- Adjusted net income
- 211900000
- Gaap operating margin
- 30.6%
- Adjusted operating margin
- 42.6%
- Corporate payments revenue
- 137400000
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