Core Insights - WEX Inc. reported strong second-quarter 2025 results, with both earnings and revenues exceeding the Zacks Consensus Estimate, leading to a 6.5% increase in share price since the earnings release on July 23 [1][2] Financial Performance - Adjusted earnings per share were $3.95, surpassing the Zacks Consensus Estimate by 7.1% and showing a year-over-year increase of 1.02% [2][6] - Revenues totaled $659.6 million, beating the consensus estimate by 0.9% but reflecting a decline of 2.06% year-over-year [2][6] Segment Performance - The Mobility segment's revenues decreased by 3.7% year-over-year to $346.2 million, missing the estimate of $354.4 million [4] - The Corporate Payments segment's revenues fell 34.2% year-over-year to $118.3 million, also missing the estimate of $119 million [4] - The Benefits segment's revenues increased by 45.5% year-over-year to $195.1 million, exceeding the estimate of $185.5 million [4] Operating Results - Adjusted operating income declined by 11.3% to $243 million from the year-ago quarter but exceeded the estimate of $223.2 million [5] - The adjusted operating income margin was 36.8%, surpassing the estimate of 33.9% but down 390 basis points year-over-year [5] Guidance - For Q3 2025, revenues are expected to be between $669 million and $689 million, with adjusted net income projected between $4.30 and $4.50 per share [8] - For the full year 2025, revenues are anticipated to be between $2.61 billion and $2.65 billion, with adjusted net income expected between $15.37 and $15.77 per share [9] Balance Sheet and Cash Flow - WEX ended the quarter with cash and cash equivalents of $772.6 million, up from $595.8 million at the end of December 2024 [7] - Long-term debt stood at $3.9 billion, significantly higher than $595.8 million at the end of December 2024 [7] - The company reported a cash outflow of $264.6 million from operating activities, with adjusted free cash flow of $194.3 million [7]

Despite a temporary revenue dip (–11.8% YoY) due to a travel client restructure, WEX is doubling down on AP automation and expanding embedded payments into new verticals — poising this segment for future growth.WEX is transforming from a legacy fuel card provider into a diversified FinTech infrastructure company, now operating in three segments: Mobility, Benefits, and Corporate Payments.When economic uncertainty reigns, handling surprises takes an agile business strategy. By completing this form, you agree ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) 1 Hancock St., Portland, ME 04101 (Address of principal executive offices) (Zip Code) For the transition period from to Commission file number: 001-32426 WEX Inc. (Exact na ...

WEX (WEX) Q2 2025 Earnings Call July 24, 2025 10:00 AM ET Company ParticipantsSteve Elder - SVP - Global IRMelissa Smith - Chair, CEO & PresidentJagtar Narula - CFOShray Gurtata - Assistant Vice PresidentNate Svensson - VP - Equity Research - Payments, Processors & IT ServicesSanjay Sakhrani - Managing DirectorRayna Kumar - MD - Fintech Equity ResearchTrevor Williams - Managing DirectorConference Call ParticipantsNik Cremo - Executive Director & Lead Equity Research Analyst - Payments & FinTechDavid Koning ...

WEX (WEX) Q2 2025 Earnings Call July 24, 2025 10:00 AM ET Speaker0Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the WEX Second Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session.I would now like to turn the conference over to Steve Elder, SVP of Investor Relatio ...

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," " ...

| Metric | Q2 2025 | Q2 2025 Estimate | Q2 2024 | Y/Y Change | | --- | --- | --- | --- | --- | | EPS (Non-GAAP) | $3.95 | $3.71 | $3.91 | 1.0% | | Revenue (GAAP) | $659.6 million | $649.6 million | $673.5 million | (2.1%) | | Operating Income Margin | 23.8% | | 25.0% | (1.2) pp | | Adjusted Operating Income Margin | 36.8% | | 40.7% | (3.9) pp | | Adjusted Free Cash Flow | $194.3 million | | $212.2 million | (8.4%) | Company Overview and Key Focus Areas Wex (WEX 1.69%), a global provider of payment processin ...

Core Insights - Wex reported quarterly earnings of $3.95 per share, exceeding the Zacks Consensus Estimate of $3.69 per share, and showing a year-over-year increase from $3.91 per share [1] - The company achieved revenues of $659.6 million for the quarter, surpassing the Zacks Consensus Estimate by 0.92%, although this represents a decline from $673.5 million in the same quarter last year [2] - Wex has outperformed consensus EPS estimates three times in the last four quarters, indicating a positive trend in earnings performance [2] Earnings Performance - The earnings surprise for the recent quarter was +7.05%, following a previous surprise of +3.24% when actual earnings were $3.51 per share against an expectation of $3.40 [1][2] - The current consensus EPS estimate for the upcoming quarter is $4.09, with expected revenues of $664.47 million, and for the current fiscal year, the EPS estimate is $15.07 on revenues of $2.6 billion [7] Market Position and Outlook - Wex shares have declined approximately 8.4% since the beginning of the year, contrasting with the S&P 500's gain of 7.3%, indicating underperformance relative to the broader market [3] - The Zacks Rank for Wex is currently 2 (Buy), suggesting that the stock is expected to outperform the market in the near future based on favorable estimate revisions [6] Industry Context - The Financial Transaction Services industry, to which Wex belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, which may impact stock performance [8] - MasterCard, a competitor in the same industry, is expected to report quarterly earnings of $4.05 per share, reflecting a year-over-year increase of +12.8%, with revenues projected at $7.99 billion, up 14.9% from the previous year [9][10]

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," ...

Wex (WEX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 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 July 23. On the other h ...