WEX Q1 revenue up 7% to record $653M; raises full-year guidance

WEX Inc.

2024-Q1 EPS reported $1.55 revenue$652,700,000

Q1 GAAP EPS $1.55; adjusted EPS $3.46, up 5% YoY from $3.31.
Segment growth: Benefits +16%, Corporate Payments +17%; Mobility flat.
Full-year 2024 revenue guidance raised to $2.73-2.77B (from $2.70-2.74B); adjusted EPS guidance raised to $16.10-16.60.
Company repurchased 353K shares for ~$73.6M in Q1.
New long-term agreement with Booking.com announced; included in guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEX Inc. reported the three months ended March 31, 2024 results: revenue $652.7 million, net income $65.8 million, EPS $1.55 per diluted share. Guidance raised.

Period: the three months ended March 31, 2024
Revenue: $652.7 million
Net income: $65.8 million
EPS: $1.55 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue for the first quarter of 2024 increased 7% to $652.7 million from $612.0 million for the first quarter of 2023.

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

WEX Inc. filing history →

Source: SEC EDGAR

accession 0001309108-24-000114

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.