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WEX Q2 2023 Earnings Report

WEX logo
$150.48 -2.40 (-1.57%)
As of 02/21/2025 03:59 PM Eastern
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Earnings HistoryForecast

WEX EPS Results

Actual EPS
$3.06
Consensus EPS
$3.07
Beat/Miss
Missed by -$0.01
One Year Ago EPS
N/A

WEX Revenue Results

Actual Revenue
$621.30 million
Expected Revenue
$620.63 million
Beat/Miss
Beat by +$670.00 thousand
YoY Revenue Growth
N/A

WEX Announcement Details

Quarter
Q2 2023
Date
7/27/2023
Time
N/A

Conference Call Resources

Conference Call Audio

Slide Deck

Full Screen Slide Deck
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WEX Earnings Headlines

Wex designated a Bullish Fresh Pick at Baird
February 19 at 5:16 AM | markets.businessinsider.com
WEX's SWOT analysis: payment firm faces headwinds amid macro risks
February 17, 2025 | msn.com
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February 22, 2025 | Investors Alley (Ad)
JANUS HENDERSON GROUP PLC Reduces Stake in WEX Inc.
February 14, 2025 | gurufocus.com
Insider Sell: Melanie Tinto Sells 3,243 Shares of WEX Inc (WEX)
February 13, 2025 | gurufocus.com
WEX Inc. chief people officer Melanie Tinto sells $495,043 in stock
February 13, 2025 | msn.com
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About WEX

WEX (NYSE:WEX) operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and markets its products through third-party administrators, financial institutions, payroll providers, and health plans. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.

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