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.

Earnings data Q1 2021

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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 today announced the newest value-added partners to join its WEX EDGE business savings network: Hotels.com and Sprint/T-Mobile.

WEX Expands Savings Network with New Merchant Offers

Decline in segmental revenues hurts WEX's June-end financials.

WEX's Q2 Earnings & Revenue Miss Estimates, Decline Y/Y

WEX Inc. (WEX) CEO Melissa Smith on Q2 2020 Results - Earnings Call Transcript

WEX Inc. (NYSE: WEX) reported earnings of $1.21 per share, a 46.9% decline compared to earnings of $2.28 per share a year ago, during the company's earnings call on Thursday.

WEX Reports Sharp Drops In Revenue And Earnings During Second Quarter

Why Wex Stock Is Slumping Today

Wex (WEX) delivered earnings and revenue surprises of -15.97% and -1.69%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Wex (WEX) Q2 Earnings and Revenues Miss Estimates

PORTLAND, Maine--(BUSINESS WIRE)--WEX today announced it has renewed its contract with Schneider.

Schneider Renews With WEX EFS to Continue Valued Relationship

PORTLAND, Maine--(BUSINESS WIRE)--WEX today announced it has signed a multi-year contract extension with Enterprise Fleet Management.

WEX Extends Valuable Partnership With Enterprise Fleet Management

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended June 30, 2020.

WEX Inc. Reports Second Quarter 2020 Financial Results

WEX second-quarter 2020 revenues are expected to have decreased due to weak travel and fleet volumes.

WEX Readies to Report Q2 Earnings: What's in the Offing?

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced that it has changed the time of its second quarter 2020 earnings conference call.

WEX Inc. Announces Time Change for its Conference Call to Discuss Second Quarter 2020 Financial Results

Wex (WEX) closed at $162.49 in the latest trading session, marking a -0.68% move from the prior day.

Wex (WEX) Stock Sinks As Market Gains: What You Should Know

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced it will report second quarter 2020 financial results before the market opens on Thursday, July 30, 2020.

WEX Inc. to Release Second Quarter 2020 Financial Results on July 30, 2020

Wex (WEX) closed the most recent trading day at $152.82, moving -1% from the previous trading session.

Wex (WEX) Dips More Than Broader Markets: What You Should Know

WEX's business savings network allows small fleets and small businesses avail highly curated and discounted offers that are otherwise available only to large companies.

WEX Gives Trucking Customers Access to Its Savings Network

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, announced today it has agreed to a $400 million dollar investment from an affiliate of Warburg Pincus LLC (together with its affiliate, “Warburg Pincus”) which includes convertible notes in an aggregate principal amount of $310 million and $90 million in common stock through a private placement (the “Private Placement”). The Private Placement is subject to customary closing conditions and is

WEX Announces a $400 Million Investment From Warburg Pincus and Amendment to the Credit Agreement

WEX saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

WEX Looks Good: Stock Adds 6.4% in Session

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

Why Is Wex (WEX) Up 27.8% Since Last Earnings Report?

Wex helps companies process digital payments. And on a personal level, Wex CEO Melissa Smith sees her job as paying it forward.

Wex CEO Melissa Smith Shows Diversity Is Good Business

WEX's segments register year-over-year revenue growth in first-quarter 2020 on market-share expansion and recent acquisitions.

WEX's Q1 Earnings Miss Estimates Amid Coronavirus Crisis

WEX Inc. (WEX) CEO Melissa Smith on Q1 2020 Results - Earnings Call Transcript

WEX Inc. (NYSE: WEX) said the coronavirus pandemic created an "unprecedented environment" causing business to "slow considerably" in the first quarter.

Wex Reports First-Quarter Net Loss Of $16.3 Million And EPS Miss

Wex (WEX) delivered earnings and revenue surprises of -11.71% and 1.32%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Wex (WEX) Q1 Earnings Miss Estimates

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