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.

WEX Inc. (NYSE: WEX) reported a 5% year-over-year decline in revenue to $410.8 million during the company's first-quarter earnings call Thursday. The company also posted earnings of $1.79 per share, a 1.1% decline compared to earnings of $1.81 per share a year ago.

Wex reports drop in first quarter revenue and earnings per share

WEX Inc. (WEX) CEO Melissa Smith on Q1 2021 Results - Earnings Call Transcript

WEX reported as part of financial results that its average number of vehicles serviced increased 4 percent from the first quarter of 2020 to approximately 15.8 million in the first quarter of 2021, according to a Thursday (April 29) announcement. However, the FinTech also reported that total fuel transactions processed decreased by 3 percent from […]

WEX: Fuel Transactions Down, But Serviced Vehicles Rise To 15.8 Million

Wex (WEX) delivered earnings and revenue surprises of 11.88% and 0.03%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Wex (WEX) Q1 Earnings and Revenues Surpass Estimates

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended March 31, 2021. “In the first quarter, we delivered strong momentum sequentially, exceeded our revenue expectations and achieved $16.8 billion of total purchase volume, driven by meaningful contributions in all segments. In aggregate, Fleet, Corporate Payments and Health are above pre-pandemic revenue levels. These solid results ref

WEX Inc. Reports First Quarter 2021 Financial Results

Wex (WEX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wex (WEX) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

PORTLAND, Maine--(BUSINESS WIRE)--WEX has signed a multi-year fuel card agreement with Kum & Go, one of the largest privately held, company-operated convenience store chains in the US

Kum & Go and WEX Announce Multi-Year Agreement

PORTLAND, Maine--(BUSINESS WIRE)--WEX announces the release of its newest offering for mixed fleets, the CrossRoads Freight card.

WEX Gives Mixed Fleets More Fueling Options

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced it will report first quarter 2021 financial results before the market opens on Thursday, April 29, 2021. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Roberto Simon, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results. The conference call will be webcast live online and may be accessed through

WEX Inc. to Release First Quarter 2021 Financial Results on April 29, 2021

The latest deal is expected to help WEX strengthen its Health and Employee Benefit Solutions segment.

WEX to Benefit from benefitexpress Acquisition: Here's How

FinTech platform WEX has signed an agreement to acquire benefitexpress, a cloud-based benefits administrator, for $275 million, the FinTech announced today (April 14). With benefitexpress, WEX will add a suite of benefits administration solutions for WEX Health clients.

WEX To Acquire benefitexpress For $275 Million

Financial technology service provider WEX Inc (NYSE: WEX) inked an agreement to acquire configurable, cloud-based benefits administration technologies and services provider, benefitexpress, for $275 million. benefitexpress expanded WEX's benefits administration offering by adding a complementary suite of solutions.

WEX Acquires benefitexpress For $275M

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), a leading financial technology service provider (the “Company”), today announced the signing of an agreement to acquire benefitexpress, a leading provider of highly configurable, cloud-based benefits administration technologies and services. benefitexpress significantly expands WEX's offerings in benefits administration by adding a complementary suite of solutions to WEX's Health offerings, including employee enrollment and decision support too

WEX Signs Definitive Agreement to Acquire benefitexpress

WEX to Benefit From HSA Assets' Acquisition: Here's How

WEX Inc. has completed its previously announced acquisition of some health savings account (HSA) assets from HealthcareBank, which is the custodian bank for Wex's Health Division clients, WEX recently announced. WEX stated in announcing the completion of the deal that it is expected to be accretive to adjusted net income in fiscal year 2021.

WEX Completes Purchase Of Some HealthcareBank HSA Assets

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE:WEX), a leading financial technology service provider, announced today that it has completed the previously announced acquisition of certain health savings account (“HSA”) assets of HealthcareBank, the custodian bank for customers of WEX's Health division. The acquisition is expected to be accretive to adjusted net income in fiscal year 2021. On February 11, 2021, WEX announced plans to acquire the HSA assets from HealthcareBank. Forward-Looking State

WEX Completes Acquisition of Certain HSA Assets of HealthcareBank

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE:WEX), a leading financial technology service provider (the “Company”), announced today the successful amendment and restatement of the Company's credit facility. The lenders have agreed to a restatement agreement that (i) increases commitments under the Company's revolving credit facility from $870,000,000 to $930,000,000, (ii) provides additional tranche A term loans in the amount of approximately $117,000,000 so that outstanding tranche A term loans

WEX Completes Debt Refinancing and Maturity Extension

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Wex (WEX) reported earnings 30 days ago. What's next for the stock?

Wex (WEX) Down 2.3% Since Last Earnings Report: Can It Rebound?

The niche payments company's reasonable price may surprise you, given its strong business and improving operating environment.

3 Great Reasons to Buy WEX Stock Now

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions (the “Company”), today announced that it is providing certain prospective lenders information for purposes of considering a potential refinancing of its credit facility, including among other things extending the maturity date of the tranche A term loans and revolving credit facility to 2026 and the tranche B term loans to 2028. There can be no assurance that the Company will be able to com

WEX Inc. Announces Plans for Potential Debt Refinancing

PORTLAND, Maine--(BUSINESS WIRE)--WEX has been awarded a multi-year contract renewal with Sourcewell, an agency that serves the education, nonprofit and government sectors.

WEX Continues to Bring Value to Sourcewell Members

Ford Motor Company

WEX has made a deal with Ford Smart Mobility LLC through which the latter firm will be able to refer its business fleet clients to WEX. Ford Smart Mobility LLC is a part of the Ford Motor Co., which is among the biggest business vehicle makers globally, according to a Monday (March 8) announcement.

Ford Smart Mobility Will Refer Business Fleet Clients To WEX

PORTLAND, Maine--(BUSINESS WIRE)--WEX today announced it has reached an agreement to deliver WEX fuel cards to Ford Commercial Solutions fleet customers.

WEX Teams up With Ford for New Commercial Fleet Referral Arrangement

WEX's (WEX) fourth-quarter 2020 revenues are hurt by lower average fuel prices and foreign exchange rates.

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