$197.320
-1.105 (-0.56%)At close
WEX News
WEX Events
Company Reports Q2 Revenue of $753.5M, Exceeding Expectations
Reports Q2 revenue $753.5M, consensus $739.55M. "We are continuing to build momentum, exceeding our guidance ranges once again in the second quarter while advancing our strategic initiatives to accelerate our performance," said CEO Melissa Smith. "The rigor of our investment decisions ensures we are taking advantage of the highest-return opportunities to amplify the strengths of our core business and expand our reach into new markets where we have a clear right to win. We are balancing growth reinvestment with returning capital to shareholders, including approximately $93 million of share repurchases from May through July 20."
2026 EPS Consensus Raised to $19.38, Revenue View Adjusted to $2.86B-$2.90B
2026 EPS consensus $19.38. Raises 2026 revenue view to $2.86B-$2.90B from $2.82B-$2.88B, consensus $2.86B.
Sees Q3 Revenue of $733M-$753M
Sees Q3 revenue $733M-$753M, consensus $738.21M.
TFS Financial Launches Equipment Financing Program for WEX
TFS Financial announced the launch of "Equipment Financing Powered by TFS," a new program developed specifically for WEX. The program will provide WEX Over-the-Road customers with access to equipment financing directly through TFS, one of North America's most innovative and fast-growing independent financial solutions providers. The program is designed to help trucking and transportation businesses secure the capital they need to accelerate growth via a more straightforward process than traditional bank loans. TFS Financial's Multi-Lender Platform utilizes the company's proprietary Match Engine Technology to connect borrowers with optimal financing providers based on credit, desired asset, term, and other factors. The result is support for a broad range of credit profiles and a process that is significantly faster and easier than traditional bank lending.
Wex Authorizes Up to $1B Share Repurchase Program
Wex announced that its Board of Directors has authorized a new share repurchase program under which up to $1B, plus any transaction expenses and excise taxes incurred, worth of Wexs common stock may be repurchased.
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