WEX Q2 revenue rises, lifts 2026 outlook
WEX•Quarterly results
- US payments solutions firm's Q2 revenue rose 14.2% yr/yr to $753.5 mln
- Adjusted net income per diluted share grew 35.4% yr/yr to $5.35
- Company repurchased about $60 mln in shares during Q2 and raised full-year guidance
Drivers of the quarter
- Fuel prices - Higher fuel prices contributed $63.8 mln in net favorable impact to Q2 revenue, driving outperformance, per CFO Jagtar Narula
- Mobility segment growth - Mobility segment revenue rose 22.0% yr/yr, outpacing other segments
- Foreign exchange - Favorable foreign exchange rates added $2.1 mln to Q2 revenue
Selected financial details and analyst coverage
| Metric | Actual |
|---|---|
| Q2 net income | $108.50 mln |
| Q2 operating income |
