WEX · WEX Inc.
$199.92
+2.07 (+1.05%)
At close · Aug 21
Market Cap
$6.74B
Shares
34.08M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$197.85
Open$195.00
Day$194.18–200.09
52W close$126.86–199.01
Avg vol 30d752K
Short int2.6M · 7.6% float · 2.5d
Short vol61%
Last earningsJul 23, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 23
Up next
Next earnings call
Oct 26, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 23, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Bearish
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 16 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+27%
above
Price vs 50-day avg
+21%
above
RSI (14)
68
neutral
MACD trend
Negative
52-week position
98%
near high
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+15%
trailing
6-month return
+33%
trailing
YTD return
+33%
this year
Relative strength
+21%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $163 › 200d $155 — 50d above 200d
Institutional flow
Distributing
-6% holders QoQ · +66 funds added
Insider flow
Distributing
Net -$1.4M over 90 days · 100% sells
Short interest
Rising
7.61% of float · ▲ +4.2% MoM · 2.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
410 holders — mid 3-yr range
Squeeze score
72
high risk · 0–100
Fundamentals
Revenue growth
+1%
Y/Y
EPS growth
+13%
Y/Y
Free cash flow
$313.7M
Valuation
P/E 19.8
below peers
Buyback
$1.0B
authorized
Balance sheet
$4.0B
net debt
Quant / Vol
risk profile
Volatility
40%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
3.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 22, 2026
third quarter of 2026
Revenue
Initiated
$733M – $753M
prior qtr $753.5M
midpoint −1.4% QoQ
Adjusted net income
Initiated
$189M – $196M
Adjusted net income per diluted share
Initiated
$5.45 – $5.65
full year 2026
Revenue
Initiated
$2.86B – $2.9B
prior FY $2.66B
midpoint +8.2% Y/Y
Adjusted net income
Initiated
$689M – $703M
Adjusted net income per diluted share
Initiated
$19.68 – $20.08
Q3'26
Net Revenue
Initiated
$733M – $753M
prior qtr $753.5M
midpoint −1.4% QoQ
Average U.S. Retail Fuel Prices per Gallon
Initiated
$4
Net Revenue, in millions
Initiated
$733M – $753M
Full Year 2026
Net Revenue
Initiated
$2.86B – $2.9B
prior FY $2.66B
midpoint +8.3% Y/Y
Average U.S. Retail Fuel Prices per Gallon
Initiated
$4
Net Revenue, in millions
Initiated
$2.86B – $2.9B
Prior guidance
period ended
· from the 8-K filed Apr 22, 2026
Revenue
· second quarter of 2026
$727M – $747M
Adjusted net income per diluted share
· second quarter of 2026
$4.93 – $5.13
Guided vs delivered
· last 6 settled
Revenue
fourth quarter of 2025
guided $646M – $666M
$672.9M
Beat +2.6%
Revenue
full year 2025
guided $2.63B – $2.65B
$2.66B
Beat +0.8%
Revenue
first quarter
guided $650M – $660M
$652.7M
In line
Revenue
full year
guided $2.7B – $2.74B
$2.63B
Miss −3.4%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+27%
Bullish
Price vs 50-day avg
+21%
Bullish
RSI (14)
68
Neutral
MACD trend
Negative
Bearish
52-week position
98%
Bullish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross)
No cross
50d $163 › 200d $155 — 50d above 200d
Institutional flow
Distributing
-6% holders QoQ · +66 funds added
Insider flow
Distributing
Net -$1.4M over 90 days · 100% sells
Short interest
Rising
7.61% of float · ▲ +4.2% MoM · 2.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
410 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $127
Now $198 · 98%
Range high $199
vs 200-day avg +27%
vs 50-day avg +21%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted free cash flow non-GAAP | $268.5M | Six Months Ended June 30 | — |
|
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| Adjusted operating income non-GAAP | $542.7M | Six Months Ended June 30 | — |
| Adjusted operating income margin non-GAAP | 38% | Six Months Ended June 30, 2026 | — |
| Available Liquidity | $1.23B | 6/30/26 | — |
| Average custodial cash assets | 5.2B | the quarter | — |
| Average HSA custodial cash assets | 5.2B | second quarter 2026 | — |
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| Average number of Software-as-a-Service (SaaS) accounts | 21.7M | second quarter 2026 | — |
| Average US fuel price | $4.7 | Q2 2026 | — |
| Benefits Segment Adjusted Operating Income non-GAAP | $83.5M | Three Months Ended June 30, 2026 | — |
| Benefits Segment Adjusted Operating Income Margin non-GAAP | 40.5% | Three Months Ended June 30, 2026 | — |
| Capital Deployed | $103.5M | 6/30/26 | — |
| Corporate Payments Segment Adjusted Operating Income non-GAAP | $58.5M | Three Months Ended June 30, 2026 | — |
| Corporate Payments Segment Adjusted Operating Income Margin non-GAAP | 46.7% | Three Months Ended June 30, 2026 | — |
| Credit losses | $17M | Q2 2026 | — |
| Credit losses as basis points of spend volume | 16 | Q2 2026 | — |
| Custodial Investment Revenue - Total | $64.4M | the three months ended 6/30/26 | — |
| Finance fee revenue | $101.6M | Q2 2026 | — |
| HSA account growth | 7% | the quarter | — |
| HSA Yield | 4.93% | the three months ended 6/30/26 | — |
| Late fee revenue | $82.6M | Q2 2026 | — |
| Mobility Segment Adjusted Operating Income non-GAAP | $182.7M | Three Months Ended June 30, 2026 | — |
| Mobility Segment Adjusted Operating Income Margin non-GAAP | 43.2% | Three Months Ended June 30, 2026 | — |
| Net interchange rate | 0.53% | Q2 2026 | — |
| Net late fee rate | 0.48% | Q2 2026 | — |
| Net late fee rate year-over-year change | 6 | Q2 2026 | — |
| Net Late Fee Revenue | $82.6M | the three months ended 6/30/26 | — |
| Net payment processing rate | 1.23% | Q2 2026 | — |
| Payment processing $ of fuel | $17.19B | Q2 2026 | — |
| Payment processing gallons of fuel | 3.6B | Q2 2026 | — |
| Payment processing transactions | 139.3M | second quarter 2026 | — |
|
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| Payment processing transactions year-over-year change | 0.1% | Q2 2026 | — |
| Purchase volume | $2.19B | Q2 2026 | — |
|
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| Segment Adjusted Operating Income Margin non-GAAP | 43.1% | Three Months Ended June 30, 2026 | — |
| Share Repurchases | $60M | 6/30/26 | — |
| Total Purchase Volume | $19.76B | the three months ended 6/30/26 | — |
| Total segment adjusted operating income non-GAAP | $593.4M | Six Months Ended June 30 | — |
| Total Volume | $26.7B | the three months ended 6/30/26 | — |
| Total volume across all segments | 68.9B | second quarter 2026 | — |
|
|
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| Total volume processed, which includes volume from which WEX does not earn interchange revenue | 38.6B | second quarter 2026 | — |
| Trailing Twelve Month Adjusted Free Cash Flows non-GAAP | $696M | 6/30/26 | — |
| Total volume processed | 34.2B | first quarter of 2026 | — |
| Leverage ratio | 3.1 | as of December 31, 2025 | — |
| Total volume processed, including where WEX does not earn interchange revenue | 36.5B | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Infrastructure — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WEX
this stock
WEX Inc.
|
$6.74B | +32.8% | +1.2% | 19.8 | 7.6% |
|
MSFT
Microsoft Corp
|
$3.59T | -0.5% | +6.9% | 26.9 | 1.1% |
|
PLTR
Palantir Technologies Inc.
|
$432.41B | -2.1% | +56.2% | 153.8 | 2.8% |
|
ORCL
Oracle Corp
|
$421.90B | -27.1% | +17.3% | 25.1 | 1.7% |
|
PANW
Palo Alto Networks Inc
|
$291.66B | +89.8% | +29.0% | 293.3 | 2.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WEX | -0.6% | +15.4% | +32.6% | +5.8% | +32.8% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | +1.4% | +12.1% | +21.5% | +3.7% | +21.0% |
Capital returns
Buyback program
· as of May 14, 2026
Authorized
$1.00B
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1309108
CUSIP
96208T104
13F (30d)
389 filings
359 filers
Visit website
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