---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001553"
form_type: "8-K"
ticker: "WEX"
cik: "0001309108"
company_name: "WEX Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:07:19.692150+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WEX reports record Q3 revenue of $651M, raises FY 2023 guidance, and agrees to acquire Payzer

## Summary
- Q3 revenue $651.4M (+6% YoY); GAAP EPS $0.42; adjusted EPS $4.05 (+15% YoY).
- Benefits segment revenue grew 34% YoY; Corporate Payments +19% YoY; Mobility volume $61.9B (+7.6% YoY).
- Full-year 2023 guidance raised: revenue now $2.53-2.54B, adjusted EPS $14.64-14.74 (prior $2.50-2.52B, $14.15-14.35).
- Signed definitive agreement to acquire Payzer, a cloud-based field service management software provider; no deal value disclosed.
- Q3 adjusted operating margin 41.8% vs 39.1% a year ago; GAAP operating margin 26.8% vs 3.5%.

## SEC filing metadata
- accession: 0001157523-23-001553
- form_type: 8-K
- ticker: WEX
- cik: 0001309108
- company_name: WEX Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1309108/000115752323001553/0001157523-23-001553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309108/000115752323001553/a53680384.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001553
- JSON: https://secwatch.observer/filing/0001157523-23-001553.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001553.txt

## Key facts
- Earnings Releases
  WEX Inc. reported the three months ended September 30, 2023 results: revenue $651.4 million, net income $18.4 million, EPS $0.42 per diluted share. Guidance raised.
  - Period: the three months ended September 30, 2023
  - Revenue: $651.4 million
  - Net income: $18.4 million
  - EPS: $0.42 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Total revenue for the third quarter of 2023 increased 6% to $651.4 million from $616.1 million for the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1309108/000115752323001553/0001157523-23-001553-index.htm

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