WEX Inc. (WEX) Form 8-K — Jul 22, 2026
WEX reported second quarter 2026 revenue of $753.5 million, an increase of 14.2% year-over-year, driven significantly by a $63.8 million favorable impact from fuel prices. GAAP net income was $108.5 million, or $3.11 per diluted share, up 57.1% year-over-year, while adjusted net income was $5.35 per diluted share, an increase of 35.4%. The company 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. Additionally, WEX repurchased approximately $93 million of shares between May and July 20, with plans to direct the majority of adjusted free cash flow towards future buybacks.
Key figures
- Eps
- 3.11
- Eps Beat
- N/A
- Revenue
- 753500000
- Guidance
- Full year 2026 revenue raised to $2.86B-$2.90B (vs prior $2.82B-$2.88B); adjusted net income raised to $19.68-$20.08 per share (vs prior $18.95-$19.55).
- Net Income
- 108500000
- Total Debt
- 3523000000
- Revenue Yoy
- 14.2%
- Shares Outstanding
- 34.9
- Leverage Ratio
- 2.9x
- Benefits Revenue
- 206000000
- Mobility Revenue
- 422400000
- Share Repurchases
- 60000000
- Adjusted Free Cash Flow
- 219000000
- Corporate Payments Revenue
- 125100000
- Adjusted Net Income Per Share
- 5.35
- Adjusted Operating Income Margin
- 39.6%
Price after filing
Close on the filing date to close N calendar days later (from $163.49). Historical, not a forecast.
AI analysis
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