WEX · WEX Inc.
$168.70
-2.76 (-1.61%)
At close · Sep 30
Return incl. dividend (before tax)
Market Cap
$6.08B
Shares
34.08M
Volume · Sep 30
754.79K
Avg daily vol (3M)
651.02K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$171.46
Open$175.70
Day$171.01–177.90
52W close$126.86–203.25
Avg vol 30d536K
Short int2.5M · 7.3% float · 5.5d
Short vol47%
Last earningsJul 23, 2026
DataJan 2020–Sep 2026
Filing10-Q · Jul 23
Up next
Next earnings call
Oct 26, 2026
Est · unconfirmed
· in 4 wks
filed Jul 23, 2026
call held Jul 23, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$2.79B
Trailing 12 months
Net income (TTM)
$350.70M
Trailing 12 months
Revenue growth YoY
+14.2%
Year over year
Operating margin
25.5%
Trailing 12 months
P / E (TTM)
17.1
Trailing earnings · reciprocal yield 5.8%
FCF yield
1.5%
TTM · current market cap
Return on invested capital
85.6%
Trailing 12 months
Net cash
$744.40M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+1.5%
Year over year · more shares
Price change (1Y)
+6.9%
Trailing year
Short interest
7.3%
Latest settlement · 5.5 days to cover
AI Brief
Q2 FY26 earnings call · Jul 23, 2026
Q2 FY26
TL;DR. WEX beat Q2 revenue and adjusted EPS guidance, driven largely by higher fuel prices, and raised full-year 2026 revenue guidance to $2.86–$2.90 billion and adjusted EPS to $19.68–$20.08.
Bullish
- + Q2 revenue and adjusted EPS exceeded the high end of guidance
- + Full-year 2026 revenue and adjusted EPS guidance raised
- + Adjusted operating margin expanded ~280 bps year-over-year
- + Resumed share repurchases, buying back ~$60 million in Q2 and ~$93 million since May
- + Trailing 12-month adjusted free cash flow of $696 million, up 22%
Bearish
- − Net cash used for operating activities swung to a $77.6 million outflow from a $264.6 million inflow year-over-year
- − Corporate Payments purchase volume declined 3.6% year-over-year on timing of a large OTA customer's volumes
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Neutral
Sentiment
Bearish
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 16 · calm
Equity put/call 0.38
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+6%
above
Price vs 50-day avg
−9%
below
RSI (14)
33
neutral
MACD trend
Negative
52-week position
58%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−10%
trailing
6-month return
+8%
trailing
YTD return
+15%
this year
Relative strength
−5%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $188 › 200d $161 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +66 funds added
Insider flow
Distributing
Net -$1.2M over 90 days · 100% sells
Short interest
Rising
7.30% of float · ▲ +2.5% MoM · 5.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
416 holders — mid 3-yr range
Squeeze score
68
elevated · 0–100
Fundamentals
Revenue growth
+1%
Y/Y
EPS growth
+13%
Y/Y
Free cash flow
$313.7M
Valuation
P/E 17.8
below peers
Buyback
$1.0B
authorized
Balance sheet
$2.7B
net debt
Quant / Vol
risk profile
Volatility
40%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
3.6%
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
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
Q3'26
Average U.S. Retail Fuel Prices per Gallon
Initiated
$4
Net Revenue, in millions
Initiated
$733M – $753M
Guided vs delivered
· last 8 settled
Revenue
third quarter of 2024
guided $688M – $698M
$665.5M
Miss −4.0%
Revenue
full year 2024
guided $2.68B – $2.72B
$2.63B
Miss −2.7%
Revenue
second quarter of 2024
guided $675M – $685M
$673.5M
Miss −1.0%
Revenue
first quarter of 2024
guided $650M – $660M
$652.7M
In line
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+6%
Bullish
Price vs 50-day avg
−9%
Bearish
RSI (14)
33
Neutral
MACD trend
Negative
Bearish
52-week position
58%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross)
No cross
50d $188 › 200d $161 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +66 funds added
Insider flow
Distributing
Net -$1.2M over 90 days · 100% sells
Short interest
Rising
7.30% of float · ▲ +2.5% MoM · 5.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
416 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $127
Now $171 · 58%
Range high $203
vs 200-day avg +6%
vs 50-day avg -9%
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 net income non-GAAP | $331.9 | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 108.5M
+0.1M Unrealized loss (gain) on financial instruments
+0.5M Net foreign currency loss (gain)
+0M Change in fair value of contingent consideration
+45.7M Acquisition-related intangible amortization
+1.8M Other acquisition and divestiture related items
+37.4M Stock-based compensation
+10.6M Other costs
+2.2M Debt restructuring and debt issuance cost amortization
-20.2M Tax related items
= Adjusted net income 186.5M
|
|||
| Adjusted net income attributable to shareholders non-GAAP | $186.5M | Three Months Ended June 30, 2026 filing | — |
| Adjusted net income attributable to shareholders per diluted share non-GAAP | $5.35 | Three Months Ended June 30, 2026 filing | — |
| Adjusted net income per share non-GAAP | $9.49 | Three Months Ended June 30, 2026 filing | — |
| Adjusted operating income non-GAAP | $298.6M | Three Months Ended June 30, 2026 filing | — |
| Average number of SaaS accounts | 21.7M | the three months ended June 30, 2026 filing | — |
| HSA Yield | 4.93% | the three months ended June 30, 2026 filing | — |
| Mobility - Average U.S. fuel price | $4.7 | Three Months Ended June 30, 2026 filing | — |
| Mobility - Credit losses, in basis points | 16.1 | Three Months Ended June 30, 2026 filing | — |
| Mobility - Net payment processing rate | 1.23% | Three Months Ended June 30, 2026 filing | — |
| Mobility - Payment processing $ of fuel | $17.19B | Three Months Ended June 30, 2026 filing | — |
| Mobility - Payment processing gallons | 3.6B | Three Months Ended June 30, 2026 filing | — |
| Mobility - Payment processing transactions | 139.3M | Three Months Ended June 30, 2026 filing | — |
| Mobility - Total volume | $26.7B | Three Months Ended June 30, 2026 filing | — |
| Net interchange rate | 0.53% | the three months ended June 30, 2026 filing | — |
| Purchase volume | $2.19B | the three months ended June 30, 2026 filing | — |
| Segment adjusted operating income - Benefits non-GAAP | $83.5M | Three Months Ended June 30, 2026 filing | — |
| Segment adjusted operating income - Corporate Payments non-GAAP | $58.5M | Three Months Ended June 30, 2026 filing | — |
| Segment adjusted operating income - Mobility non-GAAP | $182.7M | Three Months Ended June 30, 2026 filing | — |
| Total segment adjusted operating income non-GAAP | $324.6M | Three Months Ended June 30, 2026 filing | +20.9% |
|
|
|||
| Total volume | $3.58B | the three months ended June 30, 2026 filing | — |
| Total volume across the Company | $68.86B | Three Months Ended June 30, 2026 filing | — |
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.
|
$6.08B | +15.1% | +1.2% | 17.8 | 7.3% |
|
MSFT
Microsoft Corp
|
$3.83T | +5.2% | +6.9% | 28.8 | 0.9% |
|
PLTR
Palantir Technologies Inc.
|
$455.79B | +5.2% | +56.2% | 162.1 | 2.5% |
|
ORCL
Oracle Corp
|
$414.55B | -29.3% | +17.3% | 21.5 | 1.7% |
|
PANW
Palo Alto Networks Inc
|
$306.54B | +110.9% | +29.0% | — | 2.7% |
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 | -5.4% | -10.0% | +8.3% | -10.0% | +15.1% |
| SPY | -1.2% | -0.4% | +13.1% | -0.4% | +12.1% |
| vs SPY | -4.2% | -9.7% | -4.8% | -9.7% | +3.0% |
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.