WEX (NYSE:WEX) Updates FY 2026 Earnings Guidance

WEX (NYSE:WEX) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 18.950-19.550 for the period, compared to the consensus earnings per share estimate of 17.760. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion. WEX also updated its Q2 2026 guidance to 4.930-5.130 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Robert W. Baird upped their price target on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. UBS Group set a $165.00 price objective on shares of WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. decreased their price target on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, Mizuho decreased their target price on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, WEX has an average rating of “Hold” and an average target price of $164.27.

WEX Stock Performance

WEX traded down $22.24 on Thursday, hitting $162.69. The company’s stock had a trading volume of 386,874 shares, compared to its average volume of 467,177. The company’s 50 day simple moving average is $159.02 and its 200-day simple moving average is $154.61. The firm has a market cap of $5.64 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93. WEX has a 12 month low of $120.03 and a 12 month high of $186.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.43% and a return on equity of 48.01%. The company had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. During the same period last year, the firm earned $3.51 EPS. WEX’s revenue for the quarter was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Analysts forecast that WEX will post 15.65 EPS for the current year.

Insider Activity

In other WEX news, COO Robert Joseph Deshaies sold 3,238 shares of WEX stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total transaction of $486,412.36. Following the completion of the sale, the chief operating officer owned 14,859 shares of the company’s stock, valued at $2,232,118.98. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares of the company’s stock, valued at $590,830.50. This represents a 29.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,479 shares of company stock worth $2,454,914. Company insiders own 1.40% of the company’s stock.

More WEX News

Here are the key news stories impacting WEX this week:

• Positive Sentiment: Q1 results beat revenue and consensus adjusted EPS estimates and management said momentum is building; revenue of $673.8M (+5.8% YoY) and adjusted EPS topped Street views. WEX Q1 Press Release
• Positive Sentiment: WEX raised guidance sharply: Q2 EPS guide of $4.93–$5.13 (consensus ~4.28) and FY26 EPS guide of $18.95–$19.55 (consensus ~17.76) — that upward guidance is a primary catalyst for the stock strength. Investor Letter
• Positive Sentiment: Robert W. Baird raised its price target to $220 and kept an Outperform rating, signaling analyst conviction behind the outlook. Baird Price Target Note
• Positive Sentiment: Management scheduled a virtual fireside chat (Apr 27) to discuss strategy and value-creation plans — provides a near-term investor-access event to reinforce guidance and strategy. Fireside Chat Notice
• Neutral Sentiment: Morgan Stanley published a $158 target (recently raised), which is below the current trading level — mixed signal for medium-term analysts’ view. Morgan Stanley Note
• Neutral Sentiment: WEX launched an EV at-home charging visibility solution — strategic product expansion into EV payments/telemetrics that supports long-term growth but is not an immediate revenue driver. EV Charging Solution
• Negative Sentiment: Operational cash flow weakened materially in the quarter and leverage increased; QuiverQuant flagged weaker operating cash flow and rising liabilities, which could concern credit/valuation-sensitive investors. QuiverQuant Cash Flow Note
• Negative Sentiment: Corporate governance pressure: Glass Lewis backed dissident nominees from Impactive Capital, keeping the risk of a proxy contest and management distraction top-of-mind for some investors. Glass Lewis Support
• Negative Sentiment: Insider selling activity has been notable in recent months (multiple executive sales), which investors may read as a cautionary signal despite recent operational beats. Insider Trading

Hedge Funds Weigh In On WEX

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of WEX by 794.0% in the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after acquiring an additional 790,271 shares in the last quarter. Turtle Creek Asset Management Inc. bought a new stake in shares of WEX in the third quarter worth approximately $93,289,000. Par Capital Management Inc. grew its stake in shares of WEX by 21.6% during the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares during the period. New South Capital Management Inc. grew its stake in shares of WEX by 627.0% during the 4th quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock valued at $39,930,000 after purchasing an additional 231,158 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock valued at $55,097,000 after purchasing an additional 215,036 shares during the period. Institutional investors own 97.47% of the company’s stock.

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.