WEX (NYSE:WEX) Updates FY 2026 Earnings Guidance

WEX (NYSE:WEX) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 19.680-20.080 for the period, compared to the consensus estimate of 18.800. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. WEX also updated its Q3 2026 guidance to 5.450-5.650 EPS.

Analyst Upgrades and Downgrades

Several research firms have commented on WEX. Loop Capital assumed coverage on WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 price target for the company. Cantor Fitzgerald dropped their price objective on WEX from $173.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $173.70.

WEX Stock Performance

WEX stock opened at $159.53 on Thursday. WEX has a 52 week low of $125.29 and a 52 week high of $186.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The stock has a market cap of $5.53 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85. The stock has a 50 day moving average of $144.92 and a 200-day moving average of $152.41.

WEX (NYSE:WEX) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.27. The company had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, analysts expect that WEX will post 16.81 EPS for the current fiscal year.

WEX announced that its board has authorized a share buyback program on Thursday, May 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 21.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at WEX

In other WEX news, COO Robert Joseph Deshaies sold 2,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the transaction, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at $3,010,739.20. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of WEX stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $142.95 per share, with a total value of $214,425.00. Following the completion of the purchase, the director directly owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.40% of the company’s stock.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX beat Q2 expectations on both earnings and revenue, with EPS of $5.35 versus the $5.08 consensus and revenue of $753.5 million versus $740.7 million expected, signaling better-than-expected operating performance. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised guidance for both Q3 2026 and full-year 2026, with EPS outlook above Wall Street estimates, which is likely supporting the stock. WEX beats expectations on Q2 results, raises full-year outlook
• Positive Sentiment: Profitability improved sharply year over year, including a 14.2% revenue increase, higher gross profit, and strong EPS growth, reinforcing the view that WEX’s core businesses are trending better. WEX Inc. (WEX) Releases Q2 2026 Earnings: Revenue Growth and Profitability Improve
• Neutral Sentiment: One analyst commentary after the results stayed at Hold, describing earnings quality and segment trends as mixed, which may temper upside enthusiasm. WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating

Institutional Trading of WEX

A number of institutional investors and hedge funds have recently modified their holdings of WEX. Par Capital Management Inc. raised its holdings in WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after acquiring an additional 400,500 shares during the period. Boston Partners increased its position in WEX by 13.7% in the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after buying an additional 174,079 shares during the period. AQR Capital Management LLC lifted its holdings in shares of WEX by 794.0% during the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after buying an additional 790,271 shares during the last quarter. Bank of America Corp DE grew its stake in shares of WEX by 8.6% in the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after acquiring an additional 69,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in WEX by 7.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 687,655 shares of the business services provider’s stock worth $102,454,000 after acquiring an additional 44,842 shares during the period. 97.47% of the stock is currently owned by institutional investors and hedge funds.

About WEX

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.