Wex (WEX) Reports Q4 2024 Earnings with Revenue Decline and Share Repurchases
Wex (WEX) reported Q4 2024 earnings with total revenue of $636.5 million, down 4% year over year, primarily due to foreign exchange rates and lower fuel prices. The company returned $106 million to shareholders through share repurchases and maintained a leverage ratio of 2.6 times. The Benefits Segment saw revenue growth of 4.9%, while the Corporate Payments Segment declined by 22.7%.
Tickers: $WEX
Topics: earnings financial performance foreign exchange fuel prices revenue share repurchases