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]