{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000629","form_type":"8-K","ticker":"WEX","cik":"0001309108","company_name":"WEX Inc.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.336521+00:00","generated_at":"2026-06-16T08:29:34.275638+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"WEX Q1 revenue record $612M (+18% YoY), adj EPS $3.31 (+15%), raises full-year guidance","bullets":["GAAP net income $68.0M ($1.56 diluted), down 42% YoY; adjusted net income $145.8M ($3.31 diluted), up 15%.","Total volume $52.3B (+17%); Corporate Payments purchase volume jumped 58% to $18.6B.","Full-year 2023 revenue guidance raised to $2.45-2.49B; adjusted EPS guidance raised to $13.85-14.25.","Q2 2023 revenue guidance $613-623M, adjusted EPS $3.45-3.55.","Repurchased ~525,000 shares for ~$93M in Q1; adjusted free cash flow negative $61.4M seasonally."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000629","json":"https://secwatch.observer/filing/0001157523-23-000629.json","markdown":"https://secwatch.observer/filing/0001157523-23-000629.md","text":"https://secwatch.observer/filing/0001157523-23-000629.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1309108/000115752323000629/0001157523-23-000629-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1309108/000115752323000629/a53387559.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T08:29:34.275638+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"06fae92d910befea518eb2d09125f3bc475dd4f7","claim":"WEX Inc. reported the three months ended March 31, 2023 results: revenue $612.0 million, net income $68.0 million, EPS $1.56 per diluted share. Guidance raised.","evidence_excerpt":"WEX Inc. Reports First Quarter 2023 Financial Results 1Q revenue increased 18% year-over-year to a first quarter record $612 million 1Q GAAP net income was $1.56 per diluted share, down 42% year-over-year; 1Q adjusted net income attributable to shareholders increased 15% year-over-year to $3.31 per diluted share 1Q GAAP operating income margin of 25.2% and adjusted operating income margin of 37.6% Total volume increased 17% year-over-year to $52.3 billion Raises full-year 2023 financial guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1309108/000115752323000629/0001157523-23-000629-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$612.0 million"},{"label":"Net income","value":"$68.0 million"},{"label":"EPS","value":"$1.56 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}