The earnings call presented a balanced view with strong financial results, major customer wins, and positive legislative changes being offset by revenue declines in key segments and macroeconomic headwinds. While there are challenges, the company is optimistic about its growth prospects and new business pipeline.

Company Guidance

During the WEX Second Quarter 2025 Earnings Conference Call, the company provided detailed financial guidance and discussed various metrics. The revenue for Q2 2025 was reported at $659.6 million, marking a 2.1% year-over-year decrease. Excluding fluctuations in fuel prices and foreign exchange rates, revenue was flat compared to the previous year. Adjusted net income per diluted share increased by 1% to $3.95. The Mobility segment, which constitutes about 50% of total revenue, saw a 3.7% decline in revenue, impacted by lower fuel prices and exchange rates. In contrast, the Benefits segment, making up 30% of total revenue, grew by 8.5%, with a 6% increase in SaaS accounts. Meanwhile, the Corporate Payments segment, accounting for 20% of revenue, experienced an 11.8% decline due to specific customer transitions. Looking forward, WEX expects Q3 2025 revenue to range between $669 million and $689 million, with adjusted EPS between $4.30 and $4.50. For the full year, revenue is projected to be between $2.61 billion and $2.65 billion, with adjusted EPS between $15.37 and $15.77. The company remains focused on driving growth through strategic investments in sales, marketing, and technology across its segments.

Strong Financial Results Exceeding Guidance

Revenue was at the top end of guidance and adjusted EPS exceeded guidance for Q2 2025. Adjusted EPS grew by 8% excluding the impact of fuel prices and foreign exchange rates.

Major Customer Wins

WEX secured several significant customer wins across segments, including BP in Mobility and the United Auto Workers Trust in Benefits.

Benefits Segment Growth

The Benefits segment saw a revenue increase of 8.5% year-over-year with SaaS account growth of 6%. HSA accounts grew by 7%, reaching 8.7 million accounts.

Positive Legislative Changes in Benefits

Recent legislation will increase the number of people eligible for health savings accounts, expanding the total addressable market by 3 to 4 million accounts.

Corporate Payments Segment Pipeline

The pipeline for new customers in the Corporate Payments segment is strong, with expectations of growth in the second half of 2025.

WEX (WEX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WEX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	4.40 / -	4.35	―	―	―
Jul 24, 2025	2025 (Q2)	3.71 / 3.95	3.91	1.02% (+0.04)
Apr 30, 2025	2025 (Q1)	3.40 / 3.51	3.46	1.45% (+0.05)
Feb 05, 2025	2024 (Q4)	3.56 / 3.57	3.82	-6.54% (-0.25)
Oct 24, 2024	2024 (Q3)	4.41 / 4.35	4.05	7.41% (+0.30)
Jul 25, 2024	2024 (Q2)	3.81 / 3.91	3.63	7.71% (+0.28)
Apr 25, 2024	2024 (Q1)	3.49 / 3.46	3.31	4.53% (+0.15)
Feb 08, 2024	2023 (Q4)	3.71 / 3.82	3.44	11.05% (+0.38)
Oct 26, 2023	2023 (Q3)	3.77 / 4.05	3.51	15.38% (+0.54)
Jul 27, 2023	2023 (Q2)	3.52 / 3.63	3.71	-2.16% (-0.08)

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
Jul 24, 2025	$174.10	$175.62	+0.87%
Apr 30, 2025	$130.37	$121.44	-6.85%
Feb 05, 2025	$186.78	$151.93	-18.66%
Oct 24, 2024	$213.04	$181.13	-14.98%

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 Oct 23, 2025, Before Open (Confirmed).

What is WEX (WEX) earnings time?

WEX (WEX) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 4.4.

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