Nov 12
Current report
8-K
Events of Nov 10
Entered into a material agreement, New debt or off-balance-sheet obligation
AI summary on its way
WEX · WEX Inc.
$181.53
+2.04 (+1.14%)
At close · Nov 13
Return incl. dividend (before tax)
Market Cap
$5.97B
Shares
32.86M
Volume · Nov 13
381.44K
Avg daily vol (3M)
574.85K
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Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$181.53
Open$180.56
Day$179.19–182.51
52W close$126.86–203.25
Avg vol 30d613K
Short int2.7M · 8.2% of shares · 4.4d
Short vol72%
Last earningsOct 29, 2026
DataJan 2020–Nov 2026
Filing10-Q · Oct 29
Up next
Feb 4, 2027
Est · unconfirmed
· in 12 wks
Latest documents
2026
Nov 11
Investor event
5% to 10% fourth-quarter revenue growth expected
WEX expects 5% to 10% revenue growth in the fourth quarter and is driving toward 75 basis margin expansion; direct AP volume grew 24% in the third quarter.
Oct 29
Earnings call
Q3 2026 earnings call
WEX reported record quarterly revenue of $780.1 million, up 12.8%, and adjusted EPS of $6.13, up 33.6%. It repurchased $200 million of shares and set full-year revenue guidance of $2.97 billion to $2.99 billion.
Oct 29
Quarterly report
10-Q
FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3
For the nine months ended September 30, 2026, WEX reported revenue of $2,207.5 million and net income attributable to shareholders of $320.3 million; Mobility operating income increased to $405.6 million, helped by higher average U.S. fuel prices.
Revenue $780.1M
▲ 12.8%
Net income $134.1M
▲ 67.0%
Diluted EPS $3.88
▲ 68.7%
Oct 28
Current report
8-K
Financial results
WEX Inc. reported third-quarter revenue of $780.1 million, up 12.8%, and GAAP diluted EPS of $3.88. It raised full-year 2026 revenue guidance to $2.97 billion to $2.99 billion and adjusted net income guidance to $21.28 to $21.48 per diluted share.
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$2.88B
Trailing 12 months
Net income (TTM)
$404.50M
Trailing 12 months
Revenue growth YoY
+12.8%
Year over year
Operating margin
26.6%
Trailing 12 months
P / E (TTM)
15.7
Trailing earnings · reciprocal yield 6.4%
FCF yield
-5.2%
TTM · current market cap
Return on invested capital
46.4%
Trailing 12 months
Net cash
−$54.30M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-0.6%
Year over year · fewer shares
Price change (1Y)
+28.8%
Trailing year
Short interest
8.2%
Latest settlement · 4.4 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 29, 2026
Q3 FY26
TL;DR. WEX delivered record Q3 revenue of $780.1 million, adjusted EPS of $6.13, organic revenue growth of 4.4%, margin expansion and strong free cash flow while repurchasing shares and reducing leverage. It raised consolidated and mobility growth guidance, although Corporate Payments guidance was lowered, Benefits margin declined, embedded-payment implementations were delayed, account and credit-loss headwinds remain, and mobility demand was pressured by elevated diesel prices.
Bullish
- + Adjusted operating margin expanded approximately 310 basis points, including 90 basis points on a macro-neutral basis. new
- + Full-year revenue guidance was raised to $2.97 billion-$2.99 billion and adjusted EPS guidance to $21.28-$21.48, with Q4 guidance implying 5% organic revenue growth.
- + Full-year mobility organic revenue growth guidance was raised to 3%-5% from 1%-3%. new
- + Direct Accounts Payable purchase volume grew 24%, ahead of the expected mid-teens rate. new
Bearish
- − Full-year Corporate Payments revenue growth guidance was reduced to 4%-6% from 5%-7%. new
- − Benefits adjusted operating margin declined approximately 160 basis points year over year. new
- − Embedded-payments implementations are taking longer than anticipated. new
- − Benefits account-growth headwinds from the UAW trust portfolio and prior account closures will persist into Q4. new
- − Q4 mobility credit losses are expected to increase as higher-fuel-cost charge-offs reach the P&L. new
- − Mobility volume was softer as elevated diesel prices shifted some over-the-road activity toward rail. new
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
Buy
SellHoldBuy
Technical
Neutral
Momentum
Very Strong
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 19.3 · elevated
Equity put/call 0.63
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+10%
above
Price vs 50-day avg
−1%
below
RSI (14)
48
neutral
MACD trend
Negative
52-week position
72%
mid-range
Momentum
relative strength
1-month return
0%
trailing
6-month return
+23%
trailing
YTD return
+22%
this year
Relative strength
+22%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $183 › 200d $166 — 50d above 200d
Institutional flow
Accumulating
379 of 419 funds reported for Sep 30 · net +169.0K sh shares · +61 new
Insider flow
Distributing
Net -$43.7M over 90 days · 100% sells
Short interest
Falling
8.20% of shares out · ▼ -7.1% MoM · 4.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
419 holders — mid 3-yr range
Squeeze score
64
elevated · 0–100
Fundamentals
Revenue growth
+1%
Y/Y
EPS growth
+13%
Y/Y
Free cash flow
$313.7M
Valuation
P/E 15.7
below peers
Buyback
$740.0M
remaining
Balance sheet
$4.0B
net debt
Quant / Vol
risk profile
Volatility
40%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
3.5%
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 Earnings Call filed Jul 23, 2026
Q3
Revenue
$733M – $753M
Adjusted net income EPS
Non-GAAP
$5.45 – $5.65
full year
Revenue
$2.86B – $2.9B
Adjusted net income EPS
Non-GAAP
$19.68 – $20.08
second half of the year
Pricing actions
$15M
Previous outlook
earlier release
· from the 8-K filed Jul 22, 2026
Still-open targets the latest release did not restate under the same label.
Revenue
· full year 2026
$2.86B – $2.9B
Adjusted net income per diluted share
· full year 2026
$19.68 – $20.08
Adjusted net income
· full year 2026
$689M – $703M
Net Revenue, in millions
· Full Year 2026
$2.86B – $2.9B
Prior guidance
period ended
· from the 8-K filed Jul 22, 2026
Adjusted net income
· third quarter of 2026
$189M – $196M
Adjusted net income per diluted share
· third quarter of 2026
$5.45 – $5.65
Revenue
· third quarter of 2026
$733M – $753M
Guided vs delivered
· last 8 settled
Revenue
third quarter of 2026
guided $733M – $753M
$780.1M
Beat +5.0%
Revenue
second quarter of 2026
guided $727M – $747M
$753.5M
Beat +2.2%
Revenue
first quarter of 2026
guided $650M – $670M
$673.8M
Beat +2.1%
Revenue
fourth quarter of 2025
guided $646M – $666M
$672.9M
Beat +2.6%
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
+10%
Bullish
Price vs 50-day avg
−1%
Neutral
RSI (14)
48
Neutral
MACD trend
Negative
Bearish
52-week position
72%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $183 › 200d $166 — 50d above 200d
Institutional flow
Accumulating
379 of 419 funds reported for Sep 30 · net +169.0K sh shares · +61 new
Insider flow
Distributing
Net -$43.7M over 90 days · 100% sells
Short interest
Falling
8.20% of shares out · ▼ -7.1% MoM · 4.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
419 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $127
Now $182 · 72%
Range high $203
vs 200-day avg +10%
vs 50-day avg -1%
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 |
|---|---|---|---|
| Total segment adjusted operating income | $360M | FY2026 Q3 | +21.1% |
|
|
|||
| 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 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.
|
$5.97B | +21.8% | +1.2% | 15.7 | 8.2% |
|
MSFT
Microsoft Corp
|
$3.89T | +8.3% | +6.9% | 27.4 | 0.8% |
|
PLTR
Palantir Technologies Inc.
|
$404.77B | -5.5% | +56.2% | 117.5 | 2.3% |
|
ORCL
Oracle Corp
|
$379.03B | -35.7% | +17.3% | 19.7 | 1.5% |
|
PANW
Palo Alto Networks Inc
|
$263.59B | +74.9% | +29.0% | — | 2.5% |
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 | -0.4% | -0.3% | +22.7% | -1.7% | +21.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -3.0% | +0.9% | +22.2% | -1.5% | +11.2% |
Capital returns
Buyback program
· as of Sep 30, 2026
Authorized
$1.00B
Spent (derived)
$260.00M
Remaining
$740.00M
Spent
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)
370 filings
323 filers
Visit website
Investor relations