Key Takeaways WEX posted Q4 2025 EPS of $4.11, up 15.1% year over year, while revenues rose 5.7% to $672.9 million.WEX stock barely moved as Q1 2026 guidance came in below consensus for both adjusted EPS and revenues.WEX's Corporate Payments revenues surged 17.8%, while Mobility stayed flat. Margins fell year over year.WEX Inc. (WEX) reported better-than-expected fourth-quarter 2025 results, with both earnings and revenues beating the Zacks Consensus Estimate. However, the positive results did not affect th ...

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Management guided to faster growth in 2026, led by its corporate payments segment.Mobility remained constrained by over-the-road softness, pushing WEX to lean harder into small fleets and embedded payments.WEX said in its latest results that corporate payments volumes climbed at a double-digit pace as travel rebounded and virtual cards gained wider adoption.For WEX Inc., the latest quarter highlighted a shift in momentum across its portfolio, with the corporate payments segment carrying more of the company’ ...

WEX (NYSE:WEX) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsDarrin Peller - Managing DirectorJagtar Narula - CFOMelissa Smith - Chair and CEOMichael Infante - VP of Equity ResearchSteve Elder - SVP of Investor RelationsTrevor Williams - Managing Director in Payments/FinTech Equity ResearchConference Call ParticipantsDavid Koning - Senior Research AnalystMihir Bhatia - Director and Senior Equity Research AnalystNate Svensson - Senior Equity Research Analyst of Payments, Processors, ...

WEX (NYSE:WEX) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsDarrin Peller - Managing DirectorDavid Koning - Financial AdvisorJagtar Narula - CFOMelissa Smith - Chair and CEOMichael Infante - VP of Equity ResearchSteve Elder - SVP of Investor RelationsTrevor Williams - Managing Director in Payments/FinTech Equity ResearchConference Call ParticipantsMihir Bhatia - Director and Senior Equity Research AnalystNate Svensson - Senior Equity Research Analyst of Payments, Processors, and I ...

WEX (NYSE:WEX) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Speaker2Hello and thank you for standing by. My name is Tiffany and I will be your conference operator today. At this time I would like to welcome everyone to the WEX Q4 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks there will be a question and answer session. If you would like to ask a question during that time simply press star then the number 1 on your telephone keypad. ...

Exhibit 99.2 ____ . Forward-Looking Statements These earnings supplemental materials contain forward-looking statements including, but not limited to, statements about management's plans, goals, expectations, and guidance and assumptions with respect to future financial performance of the Company. Any statements in these supplemental materials that are not statements of historical facts are forward-looking statements. When used in these supplemental materials, the words "anticipate," "believe," "continue," ...

Revenue and Income Growth - Total revenue for Q4 2025 increased by $36.3 million, or 5.7%, compared to Q4 2024, driven by a favorable impact from fuel prices and foreign exchange rates[8] - Q4 net income was $2.41 per diluted share, reflecting a significant increase of 50.6% year-over-year[8] - Adjusted net income for Q4 was $4.11 per diluted share, an increase of 15.1% compared to the prior year[8] - Revenue growth for Q4, when accounting for the impact of fuel prices and foreign exchange, was up 4.5% compared to the prior year[8] - The total revenue for the twelve months ended December 31, 2025, was $2,660.8 million, representing a year-over-year increase of 1.2%[9] - The company reported a year-over-year change in revenues of 5.7% for Q4 2025, with a notable increase in the Benefits segment[8] Segment Performance - Mobility segment revenue for Q4 2025 was $345.1 million, flat compared to the same period last year, with a 1.4% benefit from higher fuel prices and foreign exchange rates[14] - The Benefits segment revenue for the twelve months ended December 31, 2025, was $797.4 million, representing a year-over-year decrease of 1.1%[10] - Benefits segment revenue for the quarter was $204.9 million, an increase of 9.6% over the prior year, driven by strong revenue growth in SaaS accounts and custodial revenue[8] - Corporate Payments segment revenue for the quarter increased 17.8% to $122.9 million, driven by an 18.3% increase in total volume[25] Operating Income and Margins - Operating income margin for the Mobility segment was 25.6% in Q4 2025, down from 33.1% in the same prior-year period[14] - Adjusted operating income for the Mobility segment was $128.9 million in Q4 2025, with a margin of 37.3%, down 5.0% year-over-year[15] - Operating income margin for the Benefits segment was 28.7%, compared to 26.1% in the same prior-year period[8] - Operating income (GAAP) for the twelve months ended December 31, 2023, was $219.1 million, with an operating income margin of 44.1%[26] - Operating income for the three months ended December 31, 2023, was $158.5 million, with an expected increase to $196.4 million by September 30, 2024[62] Cash Flow and Liquidity - Adjusted free cash flow for Q4 2025 was $261 million, with a trailing twelve-month adjusted free cash flow of $638 million[34] - Available liquidity at the end of 2025 was $1.25 billion, including corporate cash and borrowing capacity[29] - The Company reported an operating cash flow of $761.9 million for the year ended December 31, 2023, with an adjusted free cash flow of $510.6 million[71] Capital Expenditures and Share Repurchases - Capital expenditures for the three months ended December 31, 2023, were $41.9 million, with total capital deployed of $438.2 million[36] - The company spent $150 million on share repurchases in Q4 2023, with cumulative cash spent reaching $2.0258 billion by Q1 2025[38] - A modified "Dutch auction" tender offer was completed on March 31, 2025, repurchasing approximately 4.9 million shares at $154 per share for a total of $750 million[38] Financial Guidance and Projections - The financial guidance for Q1 2026 projects net revenue between $650 million and $670 million, with a full year estimate of $2.7 billion to $2.76 billion, reflecting a 3% increase at midpoint[41] - Adjusted net income per diluted share guidance for 2026 is set at $3.80 to $4.00 for Q1 and $17.25 to $17.85 for the full year, indicating a 9% increase at midpoint[41] - The company anticipates full year revenue growth of 1-3% in Mobility, with a 5-7% growth expectation in both Benefits and Corporate Payments segments[41] Foreign Exchange and Other Financial Metrics - The impact of foreign exchange on revenue for the twelve months was a decrease of $6.2 million compared to the prior year[9] - The company reported a net foreign currency gain of $26.1 million for the twelve months ended December 31, 2024[59] - Unrealized gains and losses on financial instruments for the twelve months ended December 31, 2023, resulted in a net impact of $30.4 million[59] Non-GAAP Measures and Adjustments - Adjusted net income and adjusted operating income are non-GAAP measures that the Company believes are useful for evaluating performance, but should not replace GAAP measures[69] - The Company plans to utilize a fixed annual projected long-term non-GAAP tax rate starting in fiscal year 2024 to enhance consistency across reporting periods[70] - The Company reported a loss on extinguishment of Convertible Notes as part of debt restructuring costs, which are not indicative of ongoing operations[68]

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2025. "Our strong fourth quarter results demonstrate the strategic actions we took to accelerate our growth and drive progressively stronger performance over the course of the year," said Melissa Smith, WEX's Chair, Chief Executive Officer, and President. "We delivered record revenue. ...

Wex (WEX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 4. On th ...