WEX Q3 revenue, adjusted profit beat estimates; raises FY2026 outlook

WEX

28/10/2026 20:39

Overview
Payments solutions provider's Q3 revenue rose 12.8%, beating analyst expectations
Adjusted EPS for Q3 increased 33.6%, beating analyst expectations
Company repurchased about $200 mln in shares during Q3

Outlook
WEX raises 2026 revenue outlook to $2.97 bln-$2.99 bln from $2.86 bln-$2.90 bln
Company lifts 2026 adj net income forecast to $736 mln-$743 mln, or $21.28-$21.48/shr
WEX sees Q4 revenue of $760 mln-$780 mln

Result Drivers
PRICING AND NEW BUSINESS - Co said Q3 results reflected progress in pricing, new business wins and innovation across segments
FUEL PRICES - Higher fuel prices had a $57.3 mln favorable impact on Q3 revenue
ADJUSTED FREE CASH FLOW - Co said adjusted free cash flow of $234.3 mln supported share repurchases and lower leverage

Company press release: ID:nBwbW5T6Xa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$780.10 mln
$746.01 mln (14 Analysts)
Q3 Adjusted EPS
Beat
$6.13
$5.66 (15 Analysts)
Q3 Net Income
 
$134.10 mln
 
Q3 Operating Income
 
$238.80 mln
 
Q3 Pretax Profit
 
$185.50 mln
 
Q3 Provision for Credit Losses
 
$23.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 11 "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 $195.00, about 4.6% above its October 27 closing price of $186.38
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Oct 27 - PayPal tops Q3 adjusted EPS estimates, raises FY forecast
Oct 27 - Visa beats Q4 profit estimates on higher transactions, payment volumes
Oct 27 - SoFi Technologies Q3 adjusted revenue beats on member, product growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)