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WEX (WEX)
NYSE:WEX
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.92Last Year’s EPS
3.51Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial picture: revenue and adjusted EPS accelerated in Q4, the company delivered record annual revenue, free cash flow improved, and Corporate Payments and Benefits showed strong growth and margin improvement. Management highlighted material product and AI-driven innovation gains and provided 2026 guidance that implies continued growth. Key lowlights are cyclical softness in Mobility (OTR trucking), short-term credit loss pressure in Q1, and macro headwinds from lower fuel prices, FX and interest rates that mute near-term margin expansion. Overall, the progress on execution, improved cash generation, and confident guidance outweigh the headwinds and cyclical pressures.Company Guidance
Q4 Revenue Growth
Total Q4 revenue of $672.9M, up 5.7% year-over-year (up 4.5% excluding fuel price and FX fluctuations); revenue beat prior-quarter guidance and came in at the high end of the guidance range when excluding fuel benefit.
Earnings Acceleration
Q4 adjusted net income per diluted share was $4.11, up 15.1% year-over-year (12.1% ex fuel and FX); Q4 adjusted EPS was $0.25 above prior guidance midpoint, with $0.18 attributable to higher fuel prices/FX and the remainder to execution.
Record Full-Year Revenue and EPS Growth
Fiscal 2025 record revenue of $2.66B, up 1.2% year-over-year (up 2.0% ex fuel and FX); full-year adjusted net income per share $16.10, up 5.4% (7.7% ex fuel and FX).
Strong Free Cash Flow and Improved Leverage
Adjusted free cash flow of $638M in 2025 vs. $562M prior year; leverage ratio improved to 3.1x at quarter end (down from 3.25x in Q3) with plan to reduce below 3x in Q2 or Q3 2026.
Benefits Segment Momentum
Benefits revenue $204.9M in Q4, up 9.6% year-over-year; SaaS account growth 6% in the quarter, now over 9.4M HSA accounts; custodial investment revenue rose 14.2% to $61M and earned interest yield increased 11 bps to 5%.
Corporate Payments Outperformance
Corporate Payments revenue $122.9M, up 17.8% year-over-year; purchase volume increased 16.9% with travel-related revenue up >30% in the quarter; adjusted operating margin for the segment improved by ~450 basis points; direct accounts payable volume grew >15% and now represents ~20% of segment revenue.
Product & Tech Momentum (AI and Innovation)
Product innovation velocity increased by more than 50% year-over-year; AI-driven claims automation reduced benefits claim processing from days to minutes with ~98% accuracy; launched offerings such as Fleet Plus and a global funding engine for multi-currency virtual cards.
2026 Guidance Showing Continued Growth
Q1 2026 revenue guidance $650M–$670M (midpoint growth ~4%); Q1 adjusted EPS $3.80–$4.00 (midpoint ~11% growth); full-year 2026 revenue guidance $2.70B–$2.76B and adjusted EPS $17.25–$17.85, which at midpoint implies ~5% revenue growth and ~13% EPS growth excluding fuel/FX/interest impacts.
Strategic Commercial Progress
Targeted marketing drove a 13% year-over-year increase in new small-business customers in Mobility; successful new client onboarding in Asia for Corporate Payments; direct AP and embedded payments sales pipelines growing.
WEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $148.91 | $148.54 | -0.25% |
Oct 29, 2025 | $154.06 | $151.54 | -1.64% |
Jul 24, 2025 | $174.10 | $175.62 | +0.87% |
Apr 30, 2025 | $130.37 | $121.44 | -6.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does WEX (WEX) report earnings?
WEX (WEX) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is WEX (WEX) earnings time?
WEX (WEX) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WEX EPS forecast?
WEX EPS forecast for the fiscal quarter 2026 (Q1) is 3.92.