WEX Inc. (WEX) Earnings
WEX Inc. is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $5.05. WEX has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +4.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $4.08 | $4.15 | +1.7% | $674M | +0.3% |
| Feb 4, 2026 | $3.91 | $4.11 | +5.1% | $673M | +1.1% |
| Oct 29, 2025 | $4.45 | $4.59 | +3.1% | $692M | +4.9% |
| Jul 23, 2025 | $3.69 | $3.95 | +7.0% | $660M | -1.2% |
| Apr 30, 2025 | $3.40 | $3.51 | +3.2% | $637M | +0.6% |
| Feb 5, 2025 | $3.56 | $3.57 | +0.3% | $637M | +0.3% |
| Oct 24, 2024 | $4.42 | $4.35 | -1.6% | $666M | +4.7% |
| Jul 25, 2024 | $3.80 | $3.91 | +2.9% | $674M | -0.9% |
| Apr 25, 2024 | $3.47 | $3.46 | -0.3% | $653M | -0.3% |
| Feb 8, 2024 | $3.72 | $3.82 | +2.7% | $663M | +1.6% |
| Oct 26, 2023 | $3.77 | $4.05 | +7.4% | $651M | +1.3% |
| Jul 27, 2023 | $3.51 | $3.63 | +3.4% | $621M | +0.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
First quarter marked strong start with exceeding revenue and adjusted net income guidance. Mobility executing well despite challenging market, revenue up 3.2%. Benefits had strong open enrollment, revenue up 8.5% with HSA accounts growth. Corporate payments revenue up 9.3% with renewal and growth in non-travel. AI integrated into operations to improve customer outcomes and efficiency. Plan to deliver $50 million in cost-saving actions in 2026.
Guidance
Q2 revenue expected to be in range of $727 million to $747 million, adjusted net income EPS between $4.93 and $5.13 per diluted share. Full year revenue expected in range of $2.82 billion to $2.88 billion, adjusted net income EPS between $18.95 and $19.55 per diluted share. Updated fuel price assumption to $4.30 per gallon in Q2 and $3.70 per gallon for full year. No longer assuming rate cuts for rest of the year.
Segment performance
Mobility represents roughly half of revenue, with revenue increasing 3.2% year over year. Benefits represents approximately 30% of revenue, with revenue up 8.5% in the quarter. Corporate payments represents approximately 20% of revenue, with revenue increasing 9.3% in the quarter.
Risks & headwinds
Macro economic environment remains challenging, fuel price volatility, foreign exchange rate impacts, credit loss risks.
Analyst Q&A
Q: Dave Koning from Baird asks about mobility growth acceleration and emerging benefits.
A: Melissa and Jagtar respond about execution, pull forward last year, BP roll on, pricing work.
Q: Ramsey LSL from Cantor Fitzgerald asks about downstream impact of fuel prices on credit performance and fuel spreads.
A: Response about no impact on credit quality, spreads expected to settle.
Q: Mihir Bhatia from Bank of America asks about adjusted operating margin and mobility pricing.
A: Explanation of margin components and pricing levers.
Q: Reena Kumar from Oppenheimer asks about mobility performance sustainability and benefits segment operating margin.
A: Response about slight betterment in mobility and factors affecting benefits margin.
Q: Nate Svensson from Deutsche Bank asks about pricing opportunities in mobility.
A: Discussion on pricing actions and balancing customer attrition.
Q: Chen Tseng Huang from JP Morgan asks about segment outlooks and cost savings.
A: No change in segment guidance and progress on cost savings.
Q: Sanjay Sukrani from KBW asks about mobility same-store sales and travel weakness.
A: Explanation of over-the-road market dynamics and travel weakness isolation.
Q: Madison Seward from Raymond James asks about SMB strategy and direct AP business.
A: Discussion on SMB strategy progress and direct AP volume expectations.
Q: Daniel Krebs from Wolf Research asks about full year EPS guide.
A: Clarification on passing through first quarter beat and fuel price adjustment.
Q: Michael Infante from Morgan Stanley asks about mobility same-store sales and benefits deposit economics.
A: Explanation on same-store sales convergence and deposit unit economics differential