WEX Q2 2026: Revenue Jumps 14% to $753.5M, Adjusted EPS Surges 35% to $5.35; $1B Buyback Authorized
WEX sits 38% above its 52-week low of $125.29.
Summary
WEX reported Q2 2026 revenue of $753.5M (+14.2% YoY) and adjusted EPS of $5.35 (+35.4% YoY), fueled by higher fuel prices and volume growth. A new $1B buyback was authorized, but credit loss provisions increased.
Key Events · Earnings and Guidance · WEX
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Revenue and Earnings Beat
Driven by higher fuel prices and volume growth across segments, Q2 2026 revenue reached $753.5M, up 14.2% YoY, while adjusted net income per diluted share surged 35.4% to $5.35.
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$1B Share Repurchase Authorized
On May 14, 2026, the board authorized a new $1.0 billion share repurchase program with no expiration, replacing the prior program. As of June 30, 2026, $940M remained available.
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Credit Loss Provisions Spike
The provision for credit losses increased to $33.0M in Q2 2026 from $21.5M in Q2 2025, primarily due to higher accounts receivable balances from elevated fuel prices and higher loss rates.
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CEO and COO Adopt 10b5-1 Plans
CEO Melissa Smith adopted a plan to sell up to 28,109 shares starting September 1, 2026; COO Jay Dearborn adopted a plan to sell up to 3,343 shares starting August 31, 2026. Both plans are routine but notable post-activist settlement.
Analysis · WEX · Trade & Services
A strong second quarter saw revenue climb 14.2% year-over-year to $753.5 million, while adjusted net income per share soared 35.4% to $5.35. The gains were fueled by higher fuel prices and rising volumes in Mobility, alongside growth in Benefits and Corporate Payments. Signaling confidence in its capital allocation strategy after the recent proxy contest settlement, the company also announced a new $1.0 billion share repurchase program. On the cautionary side, credit loss provisions jumped to $33.0 million from $21.5 million a year ago, reflecting higher receivable balances and loss rates. Additionally, the CEO and COO adopted 10b5-1 trading plans—routine moves, but noteworthy given the activist settlement.
At the time of this filing, WEX was trading at $172.81 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6B. The 52-week trading range was $125.29 to $186.86. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.