Payment solutions provider WEX Q3 revenue rises, raises 2025 revenue, adj profit guidance

WEX

29/10/2025 20:44

Overview

WEX Q3 revenue rises 3.9% to $692 mln, driven by Benefits and Corporate Payments segments

Adjusted net income for Q3 increases 5.5%, while GAAP net income decreases 8.7%

WEX raises full-year 2025 revenue and adjusted net income guidance

Outlook

WEX raises full-year 2025 revenue guidance to $2.63 bln to $2.65 bln

Company expects Q4 2025 revenue between $646 mln and $666 mln

WEX increases full-year adjusted net income guidance to $15.76 to $15.96 per share

Result Drivers

BENEFITS SEGMENT - Revenue increased 9.2% driven by growth in SaaS accounts and custodial cash assets

MOBILITY SEGMENT - Revenue growth was 1.0% with a decline in payment processing transactions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$80.3 mln
Q3 Operating Income
$183.6 mln
Q3 Pretax Profit
$116.4 mln
Q3 Provision for Credit Losses
$20.4 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy."

Wall Street's median 12-month price target for WEX Inc is $178.00, about 10.8% above its October 28 closing price of $158.82

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw2bx2QLa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)