WEX Q2 revenue falls

Overview

• WEX Q2 2025 revenue falls 2% yr/yr, impacted by fuel prices

• Co sees growth in SaaS accounts, while corporate payments volume drops

Outlook

• WEX expects Q3 revenue between $669 mln and $689 mln

• Company anticipates full-year revenue of $2.61 bln to $2.65 bln

• WEX forecasts Q3 adjusted EPS between $4.30 and $4.50

• Company projects full-year adjusted EPS of $15.37 to $15.77

Result Drivers

• FUEL PRICE IMPACT - Revenue decreased due to $15.9 mln unfavorable impact from fuel prices and spreads

• SAAS GROWTH - Benefits segment saw 6% growth in average number of SaaS accounts

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 14 "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 $160.00, about 0.4% below its July 22 closing price of $160.68

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw7qZC7Ka