Wex Inc Stock Price, News & Analysis

WEX (NYSE: WEX) reported its Q2 2025 financial results, with revenue decreasing 2% to $659.6 million from $673.5 million in Q2 2024. The company achieved GAAP net income of $1.98 per diluted share and adjusted net income of $3.95 per diluted share, exceeding guidance expectations.

Key performance metrics include a GAAP operating income margin of 23.8% and adjusted operating income margin of 36.8%. Total transaction volume reached $59.5 billion, with Benefits' SaaS accounts growing 6% to 21.2 million. For Q3 2025, WEX expects revenue between $669-689 million and adjusted net income of $4.30-4.50 per diluted share.

WEX (NYSE: WEX) has launched a new AI-powered claims tool designed to streamline flexible spending account (FSA) reimbursements. The innovative solution achieves over 97% precision in determining correct reimbursement amounts for valid claims, transforming a process that typically takes days into one that takes minutes.

The tool features real-time document verification, smart form auto-completion, and rapid claim assessment capabilities. It addresses common denial reasons and meets HIPAA compliance standards. This launch is particularly timely, as FSA access reached 72% among state and local government workers and 47% among private-sector employees in 2024.

WEX Inc. (NYSE: WEX), a global commerce platform, has scheduled its second quarter 2025 financial results announcement for July 23, 2025, after market close. The company will host a conference call to discuss the results on July 24, 2025, at 10:00 AM ET, led by CEO Melissa Smith and CFO Jagtar Narula.

The earnings release and supplemental materials will be available through WEX's investor relations website. Investors can access the conference call via webcast or by dialing in, with a replay available until July 31, 2025.

Impactive Capital LP, holding a 7.0% stake in WEX Inc. (NYSE: WEX), has expressed strong criticism following the company's 2025 annual meeting results. Three directors faced significant shareholder opposition: Lead Independent Director Jack VanWoerkom received only 57.2% support (down 38.4% from 2024), CEO and Chairwoman Melissa Smith got 64.3% support (down 33.4%), and Director James Neary received 67.0% support (down 32.8%). All three directors now rank in the bottom 1st percentile of S&P 400 company directors. In response to what they view as a "crisis of confidence" among shareholders and the company's reluctance to address its valuation gap, Impactive has announced plans to nominate at least four directors at the 2026 annual meeting unless WEX shows significant improvement in performance and stakeholder engagement.

WEX Inc. (NYSE: WEX), a global commerce platform provider, has announced that its Chair and CEO Melissa Smith will be presenting at the upcoming William Blair 45th Annual Growth Stock Conference. The presentation is scheduled for Wednesday, June 4, at 4:20 PM ET. Investors and interested parties can access the live webcast through the company's Investor Relations website at www.wexinc.com. An audio replay of the presentation will remain available on the website for 30 days following the event.

WEX (NYSE: WEX), a global commerce platform, has announced that CFO Jagtar Narula will present at the Barclays 15th Annual Emerging Payments & Fintech Forum on May 20, 2025 at 12:40 p.m. ET. The presentation will be accessible via live webcast on WEX's Investor Relations website, with an audio replay available for up to 90 days following the event.

WEX reported mixed Q1 2025 financial results with revenue declining 2% year-over-year to $637 million, impacted by fuel prices and foreign exchange rates. Despite the revenue drop, GAAP net income increased to $71.5 million ($1.81 per diluted share), while adjusted net income reached $138.4 million ($3.51 per diluted share).

Key performance metrics showed varied results: total volume decreased 5% to $54.1 billion, mobility payment transactions dropped 2% to 134.5 million, while Benefits' SaaS accounts grew 6% to 21.5 million. The company made significant shareholder returns, spending $790 million on share repurchases, reducing share count by 13.1%.

Looking ahead, WEX updated its 2025 guidance, projecting full-year revenue between $2.57-2.63 billion and adjusted net income of $14.72-15.32 per diluted share. Q2 2025 revenue is expected at $640-660 million, with adjusted net income of $3.60-3.80 per diluted share.

WEX (NYSE: WEX) has launched WEX EV Depot, a new feature enabling secure charging payments at private chargers using the WEX Fleet Card. This addition makes WEX the first fleet management business in North America to offer comprehensive EV charging payments across depot, public, and at-home locations.

The solution includes an integrated reporting system, RFID tag-based payments, and an EV Depot Mapping tool for locating preferred charging stations. The platform works with WEX's existing network of nearly 150,000 public charging stations and integrates with DriverDash mobile payment app for touch-free activation.

According to a Frost & Sullivan report commissioned by WEX, 80% of mixed-energy fleet operators plan to have at least 25% EVs in their fleets by 2030. WEX EV Depot is available to WEX En Route customers for an additional subscription fee and integrates with Sawatch Labs insights for optimal depot charging deployment.

WEX (NYSE: WEX) has announced a 10-year extension of its partnership with Enterprise Fleet Management, continuing a relationship that began in 1993. The agreement ensures WEX will continue providing fuel cards to Enterprise Fleet Management customers to help monitor and control fuel-related expenses.

Enterprise Fleet Management, an affiliate of Enterprise Mobility, operates across more than 60 locations and manages over 900,000 vehicles for companies, government agencies, and organizations throughout the United States and Canada. The partnership highlights WEX's role in powering a significant portion of Enterprise Mobility's operations, including car rental, truck rental, and fleet management services.