WEX (NYSE:WEX) Releases Q1 2026 Earnings Guidance

WEX (NYSE:WEX) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.80-4.000 for the period, compared to the consensus estimate of 3.780. The company issued revenue guidance of $650.0 million-$670.0 million, compared to the consensus revenue estimate of $665.2 million. WEX also updated its FY 2026 guidance to 17.250-17.850 EPS.

Analyst Upgrades and Downgrades

Several research firms have commented on WEX. Morgan Stanley assumed coverage on shares of WEX in a report on Monday. They issued an “equal weight” rating and a $144.00 target price on the stock. Wall Street Zen raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Bank of America upgraded shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their target price on WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $168.08.

WEX Price Performance

Shares of WEX traded up $4.62 during trading hours on Wednesday, reaching $148.90. The stock had a trading volume of 1,431,758 shares, compared to its average volume of 347,324. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05. WEX has a 12 month low of $110.45 and a 12 month high of $187.44. The stock has a market capitalization of $5.11 billion, a PE ratio of 19.36, a PEG ratio of 1.07 and a beta of 0.98. The company’s 50-day moving average is $153.46 and its two-hundred day moving average is $158.23.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating the consensus estimate of $3.90 by $0.21. The firm had revenue of $672.90 million during the quarter, compared to the consensus estimate of $660.89 million. WEX had a return on equity of 45.10% and a net margin of 10.81%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Research analysts expect that WEX will post 14.09 EPS for the current year.

Insider Transactions at WEX

In other news, CAO Jennifer Kimball sold 494 shares of WEX stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $151.40, for a total value of $74,791.60. Following the completion of the sale, the chief accounting officer owned 3,671 shares in the company, valued at $555,789.40. The trade was a 11.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert Joseph Deshaies sold 1,506 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $149.62, for a total transaction of $225,327.72. Following the transaction, the chief operating officer owned 15,699 shares in the company, valued at $2,348,884.38. The trade was a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Key Headlines Impacting WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX reported stronger-than-expected top-line results and an adjusted EPS beat for Q4: revenue was $672.9M (beat consensus) and the company reported an adjusted EPS figure that topped analyst estimates, with management calling out record revenue. BusinessWire: Q4 & FY 2025 Results
• Positive Sentiment: Management raised guidance: Q1 FY26 EPS guide of $3.80–$4.00 (roughly in line-to-above consensus) and FY26 EPS guide of $17.25–$17.85 (above the Street). Revenue guidance for both Q1 and FY is in a range that brackets consensus, showing management confidence in growth. (Guidance disclosed in the earnings release/press materials.) Slide Deck / Press Materials
• Positive Sentiment: Product/partnership momentum supports growth in fleet solutions — new fuel card capability that handles both EV charging and traditional fuels (and referenced Nuvei partnership commentary) reinforces WEX’s addressable market expansion for fleet customers. FleetOwner: EV + Fuel Card
• Neutral Sentiment: Morgan Stanley initiated coverage (coverage note published) — initiation can boost visibility and liquidity but impact depends on the thesis and rating details in the note. AmericanBankingNews: Morgan Stanley Initiates Coverage
• Negative Sentiment: Caution on cash flow and GAAP vs. adjusted metrics: one report highlights a sharp drop in operating cash flow (≈-53.8% YoY) and rising total liabilities, and another data set shows materially different EPS figures depending on GAAP vs. adjusted measures — investors should confirm which EPS is being used when modeling. These items raise short-term liquidity and margin scrutiny despite revenue growth. QuiverQuant: Cash Flow & GAAP/Adjusted Notes

Institutional Investors Weigh In On WEX

Hedge funds and other institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new stake in WEX in the 2nd quarter valued at $271,000. Elevation Point Wealth Partners LLC bought a new position in shares of WEX in the third quarter valued at $240,000. Laird Norton Wetherby Wealth Management LLC acquired a new position in shares of WEX during the third quarter valued at about $232,000. EP Wealth Advisors LLC grew its holdings in shares of WEX by 17.0% during the second quarter. EP Wealth Advisors LLC now owns 1,532 shares of the business services provider’s stock valued at $225,000 after buying an additional 223 shares during the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in WEX by 8.1% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

About WEX

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.