WEX (NYSE:WEX) Shares Up 5.6% After Strong Earnings

Shares of WEX Inc. (NYSE:WEX) were up 5.6% on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $164.94 and last traded at $164.4710. Approximately 236,169 shares traded hands during trading, a decline of 56% from the average daily volume of 538,536 shares. The stock had previously closed at $155.68.

The business services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The company had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a return on equity of 44.40% and a net margin of 12.56%.WEX’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS.

WEX declared that its board has approved a stock repurchase plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Key Stories Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX posted Q2 adjusted EPS of $5.35, above estimates, and revenue of $753.5 million, also ahead of forecasts, showing stronger-than-expected profitability and sales. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised full-year 2026 guidance, now expecting adjusted EPS of $19.68-$20.08 and revenue of about $2.9 billion, signaling management confidence that momentum can continue. WEX Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted continued momentum in its strategic shift toward B2B payments, which investors appear to view as a longer-term growth driver beyond the travel/fleet business. Forget Travel, WEX’s Next Act Is B2B Payments
• Neutral Sentiment: Some commentary noted that part of the revenue growth was helped by higher fuel prices and foreign exchange, so the headline growth was stronger than the underlying business growth alone. Forget Travel, WEX’s Next Act Is B2B Payments
• Neutral Sentiment: There was also notable insider selling over the past six months, which may temper enthusiasm even after the strong earnings report. Why WEX Inc. (WEX) Stock Is Up Today

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating on shares of WEX in a research report on Thursday. Morgan Stanley upped their target price on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Loop Capital began coverage on WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Evercore raised WEX to an “outperform” rating in a report on Tuesday. Finally, Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, WEX presently has an average rating of “Hold” and a consensus price target of $173.70.

Insider Activity

In other news, Director James R. Groch purchased 1,500 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $142.95 per share, with a total value of $214,425.00. Following the completion of the purchase, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $148.40, for a total value of $296,800.00. Following the sale, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEX

A number of institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new position in WEX in the 4th quarter valued at approximately $25,000. First Horizon Corp raised its stake in shares of WEX by 65.7% during the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after purchasing an additional 173 shares during the period. Root Financial Partners LLC lifted its holdings in shares of WEX by 255.0% during the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after purchasing an additional 255 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of WEX by 225.4% in the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after purchasing an additional 257 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

WEX Trading Up 11.1%

The company has a market cap of $6.00 billion, a P/E ratio of 17.23, a PEG ratio of 0.96 and a beta of 0.85. The firm’s 50 day moving average is $145.69 and its two-hundred day moving average is $152.58. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.