WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides payment and transaction processing services for the needs of commercial and government fleets. The Travel and Corporate Solutions segment focuses on the payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment, and transaction monitoring needs. The Health and Employee Benefit Solutions segment involves healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.

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WEX reports record revenue in 2022, eyes growth opportunities

WEX delivered strong financial performance in 2022, with record revenue and volume growth across all segments.
The company's strategic focus on market share, innovation, and cost reductions positions it well for future growth.
Challenges include credit losses, economic slowdown impacts, and the need to navigate changing market dynamics.
Opportunities lie in health care segment growth, cross-selling initiatives, M&A strategies, and product innovation for sustained success.

WEX beats Q1 expectations, eyes growth in Benefits and Payments

WEX delivered strong financial performance in Q1 2023, exceeding revenue and earnings guidance, with positive growth across key segments.
Challenges include margin pressures, credit losses, and potential slowdown in travel-related revenue, but opportunities lie in continued segment growth and strategic investments.
With raised guidance for the year, WEX aims to capitalize on opportunities in Benefits, Corporate Payments, and Mobility Solutions to drive future growth and expansion.

WEX reports record Q2 revenue, raises full-year guidance

WEX delivered strong Q2 results with record revenue and raised full-year guidance, showcasing resilience and growth potential.
Strategic acquisitions, market share initiatives, and focus on innovation position WEX for future success and market outperformance.
Challenges in certain segments like corporate payments and mobility require targeted strategies for sustained growth and profitability.
Opportunities in acquisitions, EV market, network incentives, and international expansion offer avenues for revenue diversification and market leadership.

WEX reports record Q3 earnings, eyes EV market growth

WEX delivered strong financial performance in Q3, exceeding revenue and net income targets
Strategic acquisitions, focus on EV market, and integrated offerings position WEX for future growth
Challenges include healthcare costs, competition, and regulatory landscape, requiring proactive strategies
Opportunities lie in EV market growth, embedded payments, and expansion in European travel volumes

WEX reports record revenue and strong earnings growth in Q4

WEX delivered robust financial performance in Q4 2023, driven by record revenue and strong net income growth, supported by strategic initiatives and acquisitions.
The company's focus on energy transition, cost-saving measures, and digital sales channels positions it well for future growth and market leadership.
While facing challenges like weather impacts and political ad spending, WEX's opportunities lie in venture investments, segment growth strategies, and revenue optimization.
Overall, WEX's financial health, strategic direction, and market positioning indicate a positive outlook for sustained growth and value creation.

WEX reports record revenue in Q1 2024, raises guidance

WEX delivered strong financial performance in Q1 2024, with record revenue and increased net income per share, driven by strategic partnerships and segment growth.
While facing short-term challenges in migration processes and delinking of revenue and EPS, WEX remains optimistic about long-term prospects and operational improvements.
The company's focus on innovation, revenue diversification, and operational efficiency positions WEX for continued growth and market leadership in the payment solutions industry.

WEX achieves record revenue and profitability growth in Q2 2024

WEX delivered strong financial performance with record revenue and profitability growth in Q2 2024.
The company's strategic focus on innovation, cost savings, and segment diversification bodes well for future growth.
While challenges and competition persist, WEX's proactive approach and market positioning offer opportunities for sustained success.

WEX reports Q3 revenue growth, faces Mobility segment challenges

WEX Inc. reported mixed results with revenue growth, profitability increase, and segment-specific challenges in Q3 2024.
Effective cost management strategies and strong performance in the Benefits segment were key highlights of the earnings call.
Challenges in the Mobility and Corporate Payments segments impacted overall results, leading to revised guidance for the full year.
Opportunities in digital marketing, EV solutions, and continued cost savings present avenues for future growth and performance enhancement.

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WEX, Inc. engages in the provision of payment processing and information management solutions. It offers fuel cards and fleets, employee benefits, and business payments products. It operates through the following segments: Mobility, Corporate Payments, and Benefits. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services. The Corporate Payments segment focuses on the complex payment environment of global business to business payments. The Benefits Segment provides SaaS software with embedded payment solutions and plan administration services for consumer directed health benefits. The company was founded by Parker Poole III and William Richardson in 1983 and is headquartered in Portland, ME.

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today published its third annual environmental, social, and governance (ESG) report. The report captures WEX's ongoing ESG strategy and performance throughout 2022 across a team that has grown to more than 6,600 employees in 16 countries. This report organizes WEX's efforts around its four core strategic ESG pillars – People and Culture, Environmental Innovation, E.

WEX Releases Third Environmental, Social, and Governance Report Chronicling Progress and Providing a Glimpse into Future Sustainability Endeavors

The headline numbers for Wex (WEX) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Wex (WEX) Q2 Earnings: A Look at Key Metrics

Wex (WEX) came out with quarterly earnings of $3.63 per share, beating the Zacks Consensus Estimate of $3.51 per share. This compares to earnings of $3.71 per share a year ago.

Wex (WEX) Q2 Earnings and Revenues Top Estimates

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Board of Directors has authorized a new investment arm of WEX, WEX Venture Capital, to invest up to $100 million through the end of 2025, which will likely be made predominantly in early-stage companies focused on the energy transition, including areas such as fleet electrification, the electric vehicle (EV) charging ecosystem, energy manag.

WEX Venture Capital Seeks to Invest up to $100M to Help Advance EV Fleet Transition

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2023. “WEX achieved a strong first half of 2023 as we delivered another impressive quarter with record high second quarter revenue. We achieved this growth despite a dynamic macro-environment and declines in fuel prices. Our results were bolstered by strong growth in both our Benefits and Corporat.

WEX Inc. Reports Second Quarter 2023 Financial Results

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Investors interested in stocks from the Financial Transaction Services sector have probably already heard of Wex (WEX) and Equifax (EFX). But which of these two companies is the best option for those looking for undervalued stocks?

WEX vs. EFX: Which Stock Should Value Investors Buy Now?

Wex (WEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Wex (WEX) to Report a Decline in Earnings: What to Look Out for

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2023 financial results before the market opens on Thursday, July 27, 2023. From WEX, Melissa Smith, Chair, Chief Executive Officer and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast.

WEX Inc. to Release Second Quarter 2023 Financial Results on July 27, 2023

PORTLAND, Maine--(BUSINESS WIRE)--WEX will host its previously announced Benefits Investor Event today beginning at 3:30 p.m. ET.

WEX to Host Benefits Investor Event Today

Continued organic growth and stable revenue generation ability are tailwinds for WEX.

WEX Banks on Sustained Demand for Services and Organic Growth

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Ongoing digitization, an active M&A strategy and optimism surrounding cross-border travel might drive the Financial Transaction Services space. Stocks like V, MA, FISV, FLT and WEX are poised to benefit from the favorable industry trends.

5 Financial Transaction Stocks to Watch as Digitization Gains Pace

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will host a Benefits Investor Event on Thursday, June 1, 2023, to provide an in-depth review of this segment, including the product set, growth drivers, and financial profile. The event will begin at 3:30 p.m. ET and conclude at approximately 4:30 p.m. ET. The event will feature remarks from the following members of the WEX leadership team: Melis.

WEX to Host Benefits Investor Event on June 1

WEX's first-quarter 2023 revenues benefit from segmental strength.

WEX Q1 Earnings and Revenues Beat Estimates, Increase Y/Y

Wex (WEX) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $3.20 per share. This compares to earnings of $2.88 per share a year ago.

Wex (WEX) Q1 Earnings and Revenues Beat Estimates

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2023. “We reported strong results in the first quarter, exceeding our expectations for revenue and adjusted net income attributable to shareholders, with strength across our ecosystem of solutions,” said Melissa Smith, WEX's Chair, Chief Executive Officer, and President. Ms. Smith added, “We cont.

WEX Inc. Reports First Quarter 2023 Financial Results

WEX's first-quarter 2023 revenues are expected to have benefited from segmental strength.

WEX Gears Up to Release Q1 Earnings: Here's What to Expect

SAN DIEGO--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, has recognized 16 companies and business leaders with the 2022 WEX Community Awards and inducted 26 companies into the WEX Circle of Excellence. The awards and induction honor unparalleled partnership in making it easy for companies to overcome complexity and reach their full potential.

WEX Honors 16 Companies and Executives with WEX Community Awards and Inducts 26 Into WEX Circle of Excellence

PORTLAND, Maine--(BUSINESS WIRE)--Across corporate America there's a significant disconnect on the risks facing businesses. New research from WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, and Ipsos finds that when it comes to the challenges posed by inefficient processes, just 42% of C-Suite leaders see them as a problem compared to 61% of senior managers, a group that includes vice presidents, senior vice presidents, and senior executives.

Survey Reveals Nearly 20 Point Gap Between C-Suite and Senior Managers on Threat of Business Inefficiencies

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2023 financial results before the market opens on Thursday, April 27, 2023. From WEX, Melissa Smith, Chair, Chief Executive Officer and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX Inc. to Release First Quarter 2023 Financial Results on April 27, 2023

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, will convene more than 1,000 business decision makers in San Diego on April 17-19 for WEX SPARK 2023. The annual learning and networking event will focus on new technologies and emerging industry trends meant to simplify payments, fleet management, and benefits administration and help fuel business growth.

WEX SPARK 2023 to Gather Business Decision Makers for Expert Commentary and Opportunities to Fuel Business Growth

WEX seems to be benefiting from strong demand for its payment processing, account servicing and transaction processing services. High liquidity is a concern.

Here's Why WEX Deserves to be Retained in Your Portfolio

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Financial Officer, Jagtar Narula, will present at the Wolfe FinTech Forum on Tuesday, March 14, 2023, at approximately 4:00 PM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.com, or through the following address: https://wsw.

WEX to Present at the Wolfe FinTech Forum

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair, Chief Executive Officer and President, Melissa Smith, will present at the Raymond James 44th Annual Institutional Investors Conference on Tuesday, March 7, 2023, at approximately 3:25 PM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.

WEX to Present at the Raymond James 44th Annual Institutional Investors Conference

WEX's fourth-quarter 2022 revenues benefit from segmental strength.

WEX Q4 Earnings and Revenues Beat Estimates, Increase Y/Y

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Strategy Officer, Jay Dearborn, will present at the 7th Annual Evercore ISI Payments & Fintech Innovators Forum on Thursday, March 2, 2023, at approximately 12:30 PM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, http://ir.wexinc.

News for WEX Stock (WEX)