secwatch.observer — SEC 8-K summary
======================================

Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001157523-22-000942
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEX Q2 revenue +30% to $598M, adjusted EPS $3.71 +61% YoY; raises FY2022 guidance
--------------------------------------------------------------------------------

- Q2 revenue $598.2M (+30% YoY); GAAP net income $34.1M ($0.76/sh) vs net loss $33.9M (-$0.76/sh) in prior year.
- Adjusted net income $169.4M ($3.71/diluted), up 61% YoY from $2.31; adjusted operating margin 42.3% vs 36.3%.
- Total volume $56.6B (+60%); purchase volume $37B (+77%); Fleet transactions +10% to 143.2M; Travel/Corp purchase volume $17.1B (+96%).
- Raised FY2022 guidance: revenue $2.250B-$2.280B (up from $2.155B-$2.195B); adjusted EPS $13.05-$13.30 (up from $12.40-$12.80).
- Repurchased 520K shares for ~$81M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000115752322000942/0001157523-22-000942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000115752322000942/a52793709.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer