WEX Inc. reported results for the 2026 quarter with revenue of $753.5M and diluted EPS of $3.11, reflecting year‑over‑year revenue growth and higher earnings driven by stronger Mobility and Benefits performance.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$753.5M$659.6M14.2% | Net income²$108.5M$68.1M59.3% | Diluted EPS³$3.11$1.9857.1% |
¹ Reported as “Total revenues”. ² Reported as “Net income attributable to shareholders”. ³ Reported as “Net income attributable to shareholders per share”.
Business Highlights
- Revenue growth was driven primarily by Mobility (payment processing and finance fees) and increased Benefits other revenue.
- Company-wide transaction volume rose materially for the quarter and six months year to date, led by Mobility and corporate payments network incentives.
- Benefits showed momentum with higher HSA custodial assets and SaaS account growth, indicating stronger platform adoption.
- Segment margins expanded as fuel-related revenue proved accretive while the company continued sales and product investments.
- Provision for credit losses increased in Mobility due to larger receivable balances tied to elevated fuel prices; Corporate Payments experienced lower collection risk.
Original SEC Filing:
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