---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001407"
form_type: "8-K"
ticker: "WEX"
cik: "0001309108"
company_name: "WEX Inc."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:44:28.367438+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WEX Q3 revenue record $616M (+28% YoY), adjusted EPS $3.51 (+43%); board boosts buyback to $650M

## Summary
- Total revenue of $616.1M, up 28% YoY; total volume $57.5B (+41% YoY).
- GAAP net loss of $1.00 per diluted share vs gain of $1.07; adjusted net income of $3.51 per diluted share (+43%).
- FY2022 guidance raised: revenue $2.302-2.312B, adjusted EPS $13.24-13.34.
- Board increased share repurchase authorization from $150M to $650M, shortened to Dec 31, 2025; $575M remaining.
- Q3 repurchased 434,582 shares for ~$69M; YTD repurchases total $225M.

## SEC filing metadata
- accession: 0001157523-22-001407
- form_type: 8-K
- ticker: WEX
- cik: 0001309108
- company_name: WEX Inc.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1309108/000115752322001407/0001157523-22-001407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309108/000115752322001407/a52953029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001407
- JSON: https://secwatch.observer/filing/0001157523-22-001407.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001407.txt

## Key facts
- Earnings Releases
  WEX Inc. reported third quarter 2022 results: revenue $616.1 million, net income net loss of $44.1 million, or $1.00 per diluted share. Guidance raised.
  - Period: third quarter 2022
  - Revenue: $616.1 million
  - Net income: net loss of $44.1 million, or $1.00 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: WEX Inc. Reports Third Quarter 2022 Financial Results 3Q revenue increased 28% year-over-year to a record $616 million 3Q GAAP net loss was $1.00 per diluted share; 3Q adjusted net income increased 43% year-over-year to $3.51 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1309108/000115752322001407/0001157523-22-001407-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.