WEX (NYSE:WEX) Releases Q3 2026 Earnings Guidance

by · The Cerbat Gem

WEX (NYSE:WEX – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 5.450-5.650 for the period, compared to the consensus earnings per share estimate of 5.300. The company issued revenue guidance of $733.0 million-$753.0 million, compared to the consensus revenue estimate of $735.2 million. WEX also updated its FY 2026 guidance to 19.680-20.080 EPS.

WEX Trading Up 11.1%

Shares of WEX stock opened at $173.01 on Friday. WEX has a 52-week low of $125.29 and a 52-week 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 2.83. The company’s 50-day simple moving average is $145.69 and its 200-day simple moving average is $152.58. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85.

WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 44.40%. The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the firm earned $3.95 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities research analysts anticipate that WEX will post 16.81 earnings per share for the current year.

WEX declared that its Board of Directors has initiated a share repurchase program on Thursday, May 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WEX shares. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft cut their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Cantor Fitzgerald reissued a “neutral” rating on shares of WEX in a report on Thursday. Morgan Stanley boosted their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $173.70.

View Our Latest Stock Report on WEX

Insider Activity at WEX

In other WEX news, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following the sale, the chief operating officer directly owned 20,288 shares in the company, valued at approximately $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch bought 1,500 shares of the stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the acquisition, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. The trade was a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is owned by insiders.

WEX News Roundup

Here are the key news stories impacting WEX this week:

Hedge Funds Weigh In On WEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC purchased a new position in shares of WEX during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in WEX by 4,837.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after buying an additional 387 shares during the last quarter. Danske Bank A S acquired a new stake in WEX during the 3rd quarter valued at $79,000. Finally, Kestra Advisory Services LLC purchased a new position in WEX during the fourth quarter worth $80,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

About WEX

(Get Free Report)

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.

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