---
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"
generated_at: "2026-06-12T23:55:37.463853+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WEX Q2 revenue up 4% to record $621M; raises full-year guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001166
- JSON: https://secwatch.observer/filing/0001157523-23-001166.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001166.txt

## Key facts
- Earnings Releases
  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.
  - Period: the full year 2023
  - Revenue: $2.50 billion to $2.52 billion
  - EPS: $14.15 to $14.35 per diluted share
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1309108/000115752323001166/0001157523-23-001166-index.htm
- Earnings Releases
  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.
  - Period: the three months ended June 30, 2023
  - Revenue: $621.3 million
  - Net income: $95.3 million
  - EPS: $2.20 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1309108/000115752323001166/0001157523-23-001166-index.htm

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