WEX Q1 2022 revenue $517.5M (+26% YoY), GAAP EPS $2.71, raises FY guidance

WEX Inc.

2022-Q1 EPS reported $2.71 revenue$517,535,000

Revenue $517.5M (+26% YoY); GAAP EPS $2.71 vs $(0.06); adjusted EPS $2.88 vs $1.79 (+61%).
Total purchase volume $44.8B (+50%); Travel segment purchase volume $11.8B (+93%).
Health SaaS accounts 17.8M (+15%); Fleet vehicles serviced 17.2M (+9%).
Raises FY 2022 revenue guidance to $2.155-2.195B (prior $2.05-2.09B); adjusted EPS to $12.40-12.80.
Q2 2022 guidance: revenue $555-565M, adjusted EPS $3.35-3.45.

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