WEX Beats Q3, Raises 2026 EPS Guidance to $21.28-$21.48 and Buys Back $275M of Stock
WEX sits 59% above its 52-week low of $125.29.
Summary
WEX beat Q3 estimates with revenue of $780.1 million (+12.8%) and adjusted EPS of $6.13 (+33.6%), then raised full-year adjusted EPS guidance to $21.28-$21.48. About $1.40 of the raise comes from higher fuel prices, and the company repurchased roughly $275 million of stock across Q3 and October.
Key Events · Earnings and Guidance · WEX
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Q3 Beat on Revenue and EPS
Revenue of $780.1 million rose 12.8% and adjusted EPS of $6.13 rose 33.6% year over year; GAAP diluted EPS was $3.88, up 68.7%.
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Full-Year Guidance Raised Sharply
2026 revenue guidance lifted to $2.97-$2.99 billion from $2.86-$2.90 billion, and adjusted EPS to $21.28-$21.48 from $19.68-$20.08 — an 8% raise at the midpoint.
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Fuel Prices Drive Much of the Raise
Higher fuel prices added about $91 million of revenue and $1.40 of EPS to guidance; excluding fuel and FX, Q3 revenue grew 4.4% and adjusted EPS 14.3%.
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Buybacks and Deleveraging Continue
About $200 million of shares repurchased in Q3 plus $75 million through October 26, while the leverage ratio fell to 2.7x from 2.9x at June 30.
Analysis · WEX · Trade & Services
The headline is a clean beat paired with a large guidance raise: full-year adjusted EPS guidance moved to $21.28-$21.48 from $19.68-$20.08, an 8% lift at the midpoint, with about $1.40 of that coming from higher fuel prices and the rest from underlying growth. Revenue of $780.1 million rose 12.8%, but roughly $57.3 million of that was fuel-price tailwind, leaving organic growth of 4.4% and organic adjusted EPS growth of 14.3% — solid rather than spectacular. Cash generation looks real, too: the company returned about $200 million through buybacks in the quarter plus $75 million more through October 26, and cut leverage to 2.7x. The catch is that a meaningful slice of the raise is macro-driven fuel price, which can reverse; the Q4 revenue guide of $760-$780 million brackets the $753.5 million posted in Q2, implying little sequential momentum.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WEX was trading at $199.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $125.29 to $203.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.