---
schema_version: "secwatch.filing_event.v1"
accession: "0001309108-25-000083"
form_type: "8-K"
ticker: "WEX"
cik: "0001309108"
company_name: "WEX Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:04:32.107093+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WEX Q1 revenue down 2% to $637M; GAAP EPS rises to $1.81, adj EPS $3.51; guides FY rev $2.57-2.63B

## Summary
- Revenue $636.6M (-2% YoY) driven by lower fuel prices and FX; GAAP net income $71.5M, $1.81 diluted EPS (vs $1.55).
- Adjusted net income $138.4M, $3.51 diluted EPS (+1% YoY); adjusted operating margin 36.7% (down from 38.5%).
- Corporate Payments purchase volume dropped 28% to $17.3B; Benefits SaaS accounts grew 6% to 21.5M; HSA assets up 9.5%.
- Repurchased $790M of stock in Q1 (~5.1M shares), reducing share count 13.1% through tender offer.
- Q2 guidance: rev $640-660M, adj EPS $3.60-3.80; FY guide updated to rev $2.57-2.63B, adj EPS $14.72-15.32.

## SEC filing metadata
- accession: 0001309108-25-000083
- form_type: 8-K
- ticker: WEX
- cik: 0001309108
- company_name: WEX Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1309108/000130910825000083/0001309108-25-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309108/000130910825000083/wex-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001309108-25-000083
- JSON: https://secwatch.observer/filing/0001309108-25-000083.json
- Plain text: https://secwatch.observer/filing/0001309108-25-000083.txt

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