Smith highlighted the company's commercial EV solutions, which are "focused on enabling the mixed fleets of the future," and its AI applications, which aim to "drive both customer value and enhance WEX's business model." On the technology front, the company has already seen its enhanced AI tools contribute to efficiency gains in the form of trending improvements on credit losses. AI allows the company to better adjudicate credit, review credit line increases and spot abnormal behavior that may indicate a pe ...

Wex (WEX) reported $673.5 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.4%. EPS of $3.91 for the same period compares to $3.63 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Wex performed in the just repo ...

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $4.45 on $704.19 million in revenues for the coming quarter and $16.23 on $2.74 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in t ...

Exhibit 99.1 WEX Inc. Reports Second Quarter 2024 Financial Results Q2 revenue increased 8% year-over-year to a second quarter record $673 million, driven by 13% growth in the Benefits segment and acceleration in Mobility segment growth rate Q2 GAAP net income was $1.83 per diluted share; Q2 adjusted net income was $3.91 per diluted share Q2 GAAP operating income margin of 25.0% and adjusted operating income margin of 40.7% Share repurchases of approximately $100 million during Q2, an additional $70 million ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32426 WEX Inc. (Exact name of registrant as specified in its charter) Delaware 01-0526993 (State or other jur ...

Exhibit 99.1 WEX Inc. Reports First Quarter 2024 Financial Results Q1 revenue increased 7% year-over-year to a first quarter record $653 million, driven by 16% growth in the Benefits segment and 17% in the Corporate Payments segment Q1 GAAP net income was $1.55 per diluted share; Q1 adjusted net income was $3.46 per diluted share Q1 GAAP operating income margin of 25.2% and adjusted operating income margin of 38.5% Raises full-year 2024 financial guidance PORTLAND, Maine - April 25, 2024 - WEX (NYSE: WEX), ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-32426 WEX INC. (Exact name of registrant as specified in its charter) Delaware 01-0526993 (State or other jurisdi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32426 WEX Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

WEX, Inc. (NYSE:WEX) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Melissa Smith - Chairman, President & CEO Steven Elder - SVP, Global IR Jagtar Narula - CFO Conference Call Participants Darrin Peller - Wolfe Research Robert Napoli - William Blair & Company Ramsey El-Assal - Barclays Bank Andrew Jeffrey - Truist Securities Sanjay Sakhrani - KBW Sheriq Sumar - Evercore ISI Mihir Bhatia - Bank of America Merrill Lynch Operator Thank you for standing by. My name is Bailey, ...

7TM Q3 2023 Earnings October 26, 2023 Forward Looking Statements These materials include forward-looking statements including, but not limited to, statements about management's plans, goals, and guidance and assumptions with respect to future financial performance of the Company. Any statements in this presentation that are not statements of historical facts are forward-looking statements. When used in this presentation, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," ...