WEX reports Q4 revenue $497.5M (+25% YoY), adjusted EPS $2.58 (+78%); guides FY22 revenue $2.05-$2.09B

WEX Inc.

2021-FY EPS reported $0.00 revenue$1,850,542,000

GAAP net loss narrowed to $11.8M ($0.26 loss per share) from $234.2M loss a year ago.
Adjusted net income $116.8M, $2.58 per diluted share, up 78% YoY.
Full-year 2021 revenue of $1.85B, a record high, exceeding 2019 pre-pandemic levels by $125M.
Q1 2022 guidance: revenue $495-$505M, adjusted EPS $2.55-$2.65; FY22 revenue $2.05-$2.09B, adjusted EPS $11.20-$11.60.
Total purchase volume across all segments up 79% YoY to $25B; Travel & Corporate Solutions purchase volume up 120% to $10.9B.

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