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 Inc. (NYSE:WEX), a leading financial technology service provider, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the Citi 2020 Financial Technology Virtual Conference on Thursday, November 19, 2020 at approximately 12:45 PM EST (9:45 AM PST). A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com, or through the following address: https://kvg

WEX Inc. to Present at Citi's 2020 Financial Technology Virtual Conference

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WEX's Dearborn Says B2B Payments Has Reached Tipping Point

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ATLANTA, Nov. 5, 2020 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) today announced that Melissa D. Smith, chair, chief executive officer and president of WEX Inc. (NYSE: WEX), has been elected to its board of directors. She was also appointed to the board's Governance Committee. "We are...

Equifax Names Melissa Smith to Board of Directors

WEX's (WEX) third-quarter 2020 earnings and revenues decline year over year.

WEX Gains 11% Despite Missing on Q3 Earnings and Revenues

FinTech WEX lost $57.7 million, or $1.49 a share, on revenue of $382.1 million for the three months ended Sept. 30, compared with posting a profit of $42.4 million, or 34 cents a share, on revenue of $460 million during the year-ago third quarter, the company reported in an earnings release.

Higher B2B Payments Volumes, More SaaS Accounts Boost WEX Despite Overall Lower 3Q

WEX Inc. (WEX) CEO Melissa Smith on Q3 2020 Results - Earnings Call Transcript

Wex Inc. (NYSE: WEX) on Thursday reported third-quarter revenue of $382.1 million, down 17% from $460 million in Q3 2019, and adjusted earnings per share (EPA) of $1.59. The quarterly results fell short of Wall Street expectations, with most analysts predicting earnings of $1.71 to $1.73 per share and revenue of $395 million.

Wex misses third-quarter earnings and revenue estimates

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended September 30, 2020. “In the third quarter, we again demonstrated our ability to adapt to the rapidly-changing operating environment. While demand remained muted due to global uncertainty around COVID-19, spend volumes across all segments steadily recovered as we progressed through the quarter. Notably, our corporate payments custome

WEX Inc. Reports Third Quarter 2020 Financial Results

WEX's third-quarter 2020 earnings and revenues are expected to have decreased year over year.

WEX (WEX) to Report Third-Quarter Earnings: What's in Store?

After more than a 78% rise from its March lows of this year, at the current price near $148 per share, we believe Wex's stock has moderate room to grow. Wex, a global leader in payment solutions, saw its stock increase from $83 to $148 since March 23rd compared to the S&P 500 which increased.

Wex: Should You Hold On For More Gains?

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: Can the Stock Move Higher?

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PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced it will report third quarter 2020 financial results before the market opens on Thursday, October 29, 2020. 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 throug

WEX Inc. to Release Third Quarter 2020 Financial Results on October 29, 2020

Why WEX Stock Just Popped 7%

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, is pleased with the outcome of the Preliminary Issues Hearing relating to the May 11, 2020 lawsuit filed by eNett and Optal denying that there has been a Material Adverse Effect on their businesses, in the High Court of Justice of England and Wales in the United Kingdom. Melissa Smith, WEX’s Chair and CEO commented, “we are very pleased with the court’s positive ruling in our favor. This upho

WEX Welcomes Decision by the High Court of Justice of England and Wales in Preliminary Issues Trial

WEX stock is the kind of stalwart, cheap and enduring FCF-generating company you want to have in your portfolio over the long term. The post Wex Is Cheap and Will Rebound As Economic Transactions Rise appeared first on InvestorPlace.

Wex Is Cheap and Will Rebound As Economic Transactions Rise

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Not everyone is familiar with fleet cards, so WEX stock largely flies under the radar. This company might be worth your attention, though.

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4 Reasons I Just Bought WEX Stock

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced that its Chief Financial Officer, Roberto Simon, will present at the Deutsche Bank Virtual Technology Conference on Tuesday, September 15, 2020, at approximately 12:30 PM EDT (9:30 AM PDT).

WEX Inc. to Present at the Deutsche Bank Virtual Technology Conference

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

Wex (WEX) Up 2.5% Since Last Earnings Report: Can It Continue?

FARGO, N.D.--(BUSINESS WIRE)--WEX today announced the introduction of its new artificial intelligence (AI)-driven chatbot, Let’s Chat.

WEX’s Health Division Introduces AI-Driven Chatbot

PORTLAND, Maine--(BUSINESS WIRE)--WEX today announced the launch of its new ClearView Snap voice skill for Amazon Alexa.

News for WEX Stock (WEX)