{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001166","form_type":"8-K","ticker":"WEX","cik":"0001309108","company_name":"WEX Inc.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.532473+00:00","generated_at":"2026-06-12T23:55:37.463853+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"WEX Q2 revenue up 4% to record $621M; raises full-year guidance","bullets":["GAAP EPS $2.20 vs $0.76 YoY; adjusted EPS $3.63 vs $3.71, down 2%.","Mobility payment transactions down 1%; Benefits SaaS accounts up 11%; Corporate Payments volume up 34%.","Full-year 2023 revenue guidance raised to $2.50-2.52B; adjusted EPS raised to $14.15-14.35.","Q3 2023 revenue expected $629-639M; adjusted EPS $3.65-3.75.","Cash flow from operations $99.5M YTD; adjusted free cash flow $130.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001166","json":"https://secwatch.observer/filing/0001157523-23-001166.json","markdown":"https://secwatch.observer/filing/0001157523-23-001166.md","text":"https://secwatch.observer/filing/0001157523-23-001166.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1309108/000115752323001166/0001157523-23-001166-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1309108/000115752323001166/a53480970.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:55:37.463853+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":"337c6c1ec04795aa2ba873d20f9d3d46f1a49492","claim":"WEX Inc. reported the full year 2023 results: revenue $2.50 billion to $2.52 billion, EPS $14.15 to $14.35 per diluted share. Guidance raised.","evidence_excerpt":"For the full year 2023, the Company now expects revenue in the range of $2.50 billion to $2.52 billion, up from the prior guidance range of $2.45 billion to $2.49 billion. Adjusted net income attributable to shareholders is now expected to be in the range of $14.15 to $14.35 per diluted share, an increase from the prior guidance range of $13.85 to $14.25 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1309108/000115752323001166/0001157523-23-001166-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year 2023"},{"label":"Revenue","value":"$2.50 billion to $2.52 billion"},{"label":"EPS","value":"$14.15 to $14.35 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"5c964313d59b79982866235a33ff861c6a156f83","claim":"WEX Inc. reported the three months ended June 30, 2023 results: revenue $621.3 million, net income $95.3 million, EPS $2.20 per diluted share.","evidence_excerpt":"Total revenue for the second quarter of 2023 increased 4% to $621.3 million from $598.2 million for the second quarter of 2022. The revenue increase in the quarter includes a $53.0 million unfavorable impact from fuel prices and spreads and a $0.3 million favorable impact from foreign exchange rates. Net income attributable to shareholders on a GAAP basis increased by $61.2 million to a net income of $95.3 million, or $2.20 per diluted share, for the second quarter of 2023, up 191% compared with net income of $34.1 million, or $0.76 per diluted share, for the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1309108/000115752323001166/0001157523-23-001166-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Revenue","value":"$621.3 million"},{"label":"Net income","value":"$95.3 million"},{"label":"EPS","value":"$2.20 per diluted share"},{"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"}