WEX Inc. (WEX) Form 8-K — Oct 28, 2026
WEX reported strong Q3 2026 results, with revenue of $780.1 million up 12.8% year-over-year and GAAP diluted EPS of $3.88, up 68.7%. Adjusted EPS of $6.13 grew 33.6%, and results exceeded prior guidance due to higher fuel prices and organic growth. All three segments performed well: Mobility revenue rose 20.6% to $435.1 million, Benefits rose 4.8% to $207.6 million, and Corporate Payments rose 3.5% to $137.4 million. Adjusted operating margin expanded to 42.6% from 39.5%, and leverage fell to 2.7x, within the company's 2.5x-3.0x target range.
Key figures
- Eps
- 3.88
- Revenue
- 780100000
- Guidance
- FY2026 revenue $2.97B-$2.99B; adjusted net income $21.28-$21.48 per diluted share (raised from $2.86B-$2.90B and $19.68-$20.08); Q4 revenue $760M-$780M, adjusted EPS $5.67-$5.87
- Net Income
- 134100000
- Total Debt
- 5321100000
- Revenue Yoy
- 12.8%
- Total Assets
- 16196900000
- Cash Position
- 593200000
- Shares Outstanding
- 33900000
- Adjusted eps
- 6.13
- Total volume
- $78.5B, +18.5%
- Leverage ratio
- 2.7x (from 2.9x at 6/30/26, 3.1x at 3/31/26)
- Adjusted eps yoy
- 33.6%
- Benefits revenue
- $207.6M, +4.8%
- Mobility revenue
- $435.1M, +20.6%
- Adjusted net income
- 211900000
- Q3 share repurchases
- $200 million ($75M additional through Oct 26; ~$260M total)
- Gaap operating margin
- 30.6%
- Q3 operating cash flow
- -$11.2M vs +$376.6M prior year
- Adjusted operating margin
- 42.6%
- Adjusted free cash flow q3
- 234300000
- Corporate payments revenue
- $137.4M, +3.5%
AI analysis
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