WEX Reports Strong Q2 Results and Raises Full-Year Guidance
WEX Inc. (NYSE: WEX) reported second-quarter results exceeding its own guidance, with revenue reaching $753.5 million—up 14.2% year-over-year—and adjusted EPS of $5.35, a 35.4% increase. The company attributed the strong performance to fuel-price and foreign-exchange tailwinds as well as solid execution across its business segments. The Mobility segment saw revenue rise by 22%, while Corporate Payments showed renewed momentum with Direct AP growth accelerating to 20%. Management highlighted pricing actions in Mobility, which are expected to generate $15 million of additional revenue in 2026. WEX also raised full-year guidance for both revenue and adjusted EPS. WEX is prioritizing share repurchases after organic investments, having spent about $93 million on buybacks during Q2 and early July. CFO Jagtar Narula noted that these actions added approximately $0.01 to earnings per share.
Tickers: $WEX
Topics: adjusted EPS guidance update Q2 earnings revenue growth WEX