The guidance raise and strong cash flow support continued share repurchases and deleveraging. Watch Q4 2026 for sustainability of organic growth (4.4% ex-fuel/FX) and fuel price assumptions ($4.81/gal for Q4) which drive significant revenue sensitivity ($20M per $0.10/gal move).
Price Chart
Executive Summary
WEX reported Q3 2026 revenue of $780.1M (up 12.8% YoY) and adjusted EPS of $6.13 (up 33.6% YoY), both above consensus estimates of $749.7M and $5.67. The company raised full-year 2026 revenue guidance to $2.97B-$2.99B and adjusted EPS guidance to $21.28-$21.48, driven by higher fuel prices and organic growth. Results were boosted by a $57.3M favorable fuel price impact, but organic revenue growth excluding fuel and FX was 4.4%.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $780.1M vs consensus $749.7M, up 12.8% YoY
- Adjusted EPS $6.13 vs consensus $5.67, up 33.6% YoY
- Full-year 2026 revenue guidance raised to $2.97B-$2.99B from $2.86B-$2.90B
- Full-year 2026 adjusted EPS guidance raised to $21.28-$21.48 from $19.68-$20.08
- Mobility segment revenue up 20.6% YoY to $435.1M, adjusted operating margin 46.9%
- Share repurchases of $200M in Q3, plus $75M through October 26
- Leverage ratio improved to 2.7x from 2.9x in Q2 2026
- Adjusted free cash flow $234.3M in Q3, up from $166.2M a year ago
Financial Impact
Revenue beat consensus by $30.4M (4.1%); adjusted EPS beat consensus by $0.46 (8.1%); full-year guidance raised by $96M in revenue and $1.50 in adjusted EPS at midpoint
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Mobility | $435.1M | +20.6% |
| Benefits | $207.6M | +4.8% |
| Corporate Payments | $137.4M | +3.5% |
Risk Factors
- Fuel price sensitivity: $20M revenue impact per $0.10/gal change; current elevated prices may reverse
- Mobility payment processing rate declined to 1.14% from 1.33% a year ago due to fuel price mix
- Benefits segment adjusted operating margin declined 160 bps YoY to 42.2%
- Accounts receivable grew to $5.3B from $3.4B at year-end 2025, increasing credit exposure
- Operating cash flow negative $11.2M in Q3 due to working capital dynamics
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001309108-26-000039 |
| Document: wexq32026earningsrelease.htm | 0001309108-26-000039 |
| Document: wex-20261028.htm | 0001309108-26-000039 |
| Document: 0001309108-26-000039-index-headers.html | 0001309108-26-000039 |
| Document: 0001309108-26-000039-index.html | 0001309108-26-000039 |
| Document: 0001309108-26-000039.txt | 0001309108-26-000039 |
| 8-K Data (Synthetic) | 0001309108-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | 8-K | $183.47 | awaiting T+60 | awaiting T+60 | $184.61 (+0.62%) |
Aug 6, 2026 12w ago | Insider Cluster | $185.22 | awaiting T+60 | awaiting T+60 | $184.61 (−0.33%) |
Jul 31, 2026 13w ago | Insider Cluster | $187.29 $186.38 | ▼ −0.49% | ▼ −2.07% | $184.61 (−1.43%) |
Jul 29, 2026 13w ago | Insider Cluster | $186.40 $197.46 | ▲ +5.93% | ▲ +3.47% | $184.61 (−0.96%) |
May 5, 2026 25w ago | DEFA14A | $147.10 $186.40 | ▲ +26.72% | ▲ +24.24% | $184.61 (+25.50%) |
May 4, 2026 25w ago | 8-K | $147.10 $186.40 | ▲ +26.72% | ▲ +24.24% | $184.61 (+25.50%) |
Apr 23, 2026 27w ago | DEFA14A | $153.18 $164.30 | ▲ +7.26% | ▲ +2.34% | $184.61 (+20.52%) |
Apr 23, 2026 27w ago | DEFA14A | $153.18 $164.30 | ▲ +7.26% | ▲ +2.34% | $184.61 (+20.52%) |
Apr 22, 2026 27w ago | 8-K | $153.18 $164.30 | ▲ +7.26% | ▲ +2.34% | $184.61 (+20.52%) |
Apr 20, 2026 27w ago | DEFA14A | $176.85 $164.24 | ▼ −7.13% | ▼ −13.75% | $184.61 (+4.39%) |
US Market Status
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