Earnings per share were 15.1% higher than the same period a year earlier and above the $3.9.1 per share consensus estimate of analysts polled by Zacks Investment Research.
WEX Inc. (NYSE: WEX) posted fourth-quarter earnings and revenue that surpassed market expectations and issued initial full-year financial guidance, with bullish comments from its CEO on sustainable growth and profitability momentum.
Adjusted net income for the quarter ended Dec. 31, 2025, was $143.7 million, or $4.11 per diluted share, the Portland-based financial technology service provider said Wednesday after financial markets closed for the day.
The EPS figure is 15.1% higher than the same period a year earlier and above the $3.9.1 per share consensus estimate of analysts polled by Zacks Investment Research.
Q4 revenue climbed 5.7% to $672.9 million, driven by strength across the company’s benefits and corporate payments segments. The figure beat the Zacks consensus estimate by 1.5%.
WEX said the revenue increase includes a net $3.3 million favorable impact from fuel prices and spreads and a $4.2 million boost from foreign exchange rates.
Over the last four quarters, the company has surpassed consensus earnings and revenue estimates four times.
'Clear momentum'
Melissa Smith FILE PHOTO
WEX, led by CEO Melissa Smith, provides fintech services to businesses in fleet mobility and fueling, corporate payments, travel industry payments and employee and member benefits.
"Our strong fourth-quarter results demonstrate the strategic actions we took to accelerate our growth and drive progressively stronger performance over the course of the year," Smith said in Wednesday's earnings announcement.
“We delivered record revenue in 2025 while navigating a dynamic macro environment by remaining focused on our strategic priorities,” she added. "Entering 2026, we have clear momentum and confidence in our long-term plan to deliver sustainable growth, expanding profitability and robust cash flow.”
2026 outlook
For the first quarter of 2026, the company said it expects revenue in the range of $650 million to $670 million and adjusted net income in the range of $133 million to $140 million, or $3.80 to $4.00 per diluted share.
Full-year revenue is anticipated to be in the range of $2.7 billion to $2.76 billion and adjusted net income in the range of $607 million to $628 million, or $17.25 to $17.85 per diluted share.
Market cap
On Wednesday, WEX shares closed 3.21% lower on Wall Street to end the day at $148.91, for an equity value of around $5.1 billion. Shares are trading 19% lower than a year ago.
