WEX Inc. (WEX) SEC Filings & Earnings Calls
EquiReason read 14 WEX Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-07-23 — WEX reported strong Q2 2026 results with revenue up 14% and net income up 59% year-over-year..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 6.7B
- P/E TTM
- 19.7
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 28 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
23 Jul 202610-QWEX reported strong Q2 2026 results with revenue up 14% and net income up 59% year-over-year.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $754M | +14% y/y |
| Net income attributable to shareholders · Q2-2026 | $109M | +59% y/y |
| Operating cash flow · H1-2026 | $-408M | +88% y/y |
| Diluted earnings per share · Q2-2026 | $3.11 | +57% y/y |
| Payment processing revenue · Q2-2026 | $345M | +21% y/y |
Risks flagged
Credit Loss Exposure
“Provision for credit losses increased to $33.0M in Q2 2026 vs $21.5M in Q2 2025”
Fuel Price Volatility
“The impact of fluctuations in the amount of fuel purchased and sold by our customers and retail partners, respectively, fuel price volatility” · word for word
22 Jul 20268-K · 2.02WEX Inc. reported Q2 2026 earnings and raised full-year 2026 guidance for net revenue and adjusted EPS, citing fuel price tailwinds and share repurchases.earningsopen
Figures in the filing · each found in the filing text
| Net Revenue · Q2-2026 | $375M | |
| Net Income · Q2-2026 | $102M | +17% y/y |
| Adjusted EBITDA · Q2-2026 | $212M | +9% y/y |
| Diluted EPS · Q2-2026 | $1.36 | +20% y/y |
| Adjusted Diluted EPS · Q2-2026 | $1.48 | +11% y/y |
| Net Cash Provided by Operating Activities · Q2-2026 | $91M | +30% y/y |
| Adjusted Free Cash Flow · Q2-2026 | $105M | +19% y/y |
| System-wide Rooms · Global · Q2-2026 | 873,400 | +3% y/y |
| Development Pipeline Rooms · Global · Q2-2026 | 261,000 | +4% y/y |
| Dividend per Share · Q2-2026 | $0.43 |
Guidance
FY26 net revenue raised to $2,862M-$2,902M from prior midpoint (increase of $32M); FY26 adjusted EPS raised to $19.68-$20.08 from prior midpoint (increase of $0.63); Q3'26 net revenue $733M-$753M; Q3'26 adjusted EPS $5.45-$5.65
Raised full-year 2026 guidance for net revenue and adjusted EPS, driven by fuel price tailwinds and share repurchases; U.S. RevPAR growth exceeded expectations.
Risks flagged
International RevPAR decline due to geopolitical conflicts and deflationary pressure in China
“International RevPAR declined 6% year-over-year, driven by lower U.S. cross-border demand in Mexico, geopolitical conflict in the Middle East, and deflationary pricing pressure in China”
Exposure to Revo Hospitality Group insolvency
“Removed all Revo-related revenue recognition from 2026 outlook; Revo filed for insolvency proceedings”
4 May 20268-K · 1.01, 7.01, 8.01WEX entered a cooperation agreement with Impactive Capital, adding three new independent directors and separating Chair/CEO roles. Activist engagement resolved with board refresh.open
Risks flagged
Potential for strategic shifts or management distraction due to activist involvement.
“Activist investor gains board seats and governance changes; typical activist campaigns can lead to operational or strategic changes.”
23 Apr 202610-QTotal revenues $674M (+6% y/y); Net income attributable to shareholders $78M (+9% y/y); Operating cash flow $-331Mopen
Figures in the filing · each found in the filing text
| Total revenues · Q1-2026 | $674M | +6% y/y |
| Net income attributable to shareholders · Q1-2026 | $78M | +9% y/y |
| Operating cash flow · Q1-2026 | $-331M | |
| Mobility segment revenue · Mobility · Q1-2026 | $345M | +3% y/y |
| Benefits segment revenue · Benefits · Q1-2026 | $216M | +9% y/y |
| Corporate Payments segment revenue · Corporate Payments · Q1-2026 | $113M | +9% y/y |
| Provision for credit losses · Q1-2026 | $29M | +84% y/y |
| Diluted earnings per share · Q1-2026 | $2.22 | +23% y/y |
Risks flagged
Credit loss expansion
“Provision for credit losses $29.3 million vs $15.9 million in prior year period.”
Fuel price and economic sensitivity
“Risk factor: impact of fluctuations in fuel price, fuel spreads, and general economic conditions on demand and margins.”
13 Feb 202610-KShare repurchases $790M; Share count reduction 13; Senior notes issued $550Mopen
Figures in the filing · each found in the filing text
| Share repurchases · FY2025 | $790M | |
| Share count reduction · FY2025 | 13.0% | |
| Senior notes issued · FY2025 | $550M | |
| Term loans issued · FY2025 | $450M |
Risks flagged
Cybersecurity risk
“We regularly experience cyberattacks and expect they will continue in the future.” · word for word
Regulatory compliance cost
“Compliance with anti-money laundering, counter-terrorism and sanctions laws and regulations creates additional compliance costs and reputational risk.” · word for word
Dependence on fuel demand
“A reduction in the demand for or supply of gasoline and/or diesel fuel and/or volatility or decline in such fuel prices could have a material adverse effect on our business.” · word for word
12 Jan 20268-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
Board refreshment may signal governance changes but no disagreement with operations.
“Neither Mr. Ghosh’s nor VanWoerkom’s decision to retire was the result of any disagreement relating to the Company’s operations, policies or practices.” · word for word
30 Oct 202510-QWEX reported Q3 2025 revenue of $691.8M, up 4% YoY, but net income fell 22% due to higher credit losses and operating expenses. Aggressive share repurchases reduced share count.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2025 | $692M | +4% y/y |
| Net income · Q3-2025 | $80M | -22% y/y |
| Operating cash flow · 9M-2025 | $160M |
Risks flagged
Credit loss deterioration
“Provision for credit losses increased from $9.7M to $20.4M YoY.”
Fuel price and economic sensitivity
“the impact of fluctuations in the amount of fuel purchased and sold by our customers and retail partners, respectively, fuel price volatility, and the actual price of fuel, including fuel spreads in the Company’s international markets, and the resulting impact on the Company’s results, including margins, revenues, and net income” · word for word
High leverage from debt issuance
“Proceeds from issuance of Senior Notes $550.0 million during the nine months ended September 30, 2025.”
29 Oct 20258-K · 2.02, 5.02Released earnings results and quarterly financials; reported the departure of a director or principal officer (CEO/CFO change)earningsopen
Risks flagged
Extensive risk factors including fuel price volatility, economic conditions, credit losses.
“Risk factors listed in forward-looking statements.”
WEX Inc. — questions
- What did WEX Inc. file recently?
- 14 SEC filings in the last 12 months. Latest: 10-Q on 2026-07-23 — WEX reported strong Q2 2026 results with revenue up 14% and net income up 59% year-over-year.
Every figure on this page comes from WEX Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.