WEX Inc. Reports Second Quarter 2026 Financial Results

WEX Inc. announced its second-quarter 2026 financial results, reporting a total revenue of $753.5 million, a 14.2% increase compared to the prior year. GAAP net income was $3.11 per diluted share, and adjusted net income was $5.35 per diluted share, marking significant year-over-year increases. The company also reported a GAAP operating income margin of 27.0% and an adjusted operating income margin of 39.6%. WEX repurchased approximately $60 million of stock in Q2 and an additional $33 million through July 20. The company raised its full-year 2026 revenue guidance to $2.86 billion - $2.90 billion and adjusted net income guidance to $19.68 - $20.08 per diluted share. The Mobility segment saw a 22.0% revenue increase, while the Benefits and Corporate Payments segments experienced growth of 5.6% and 5.8%, respectively. Net cash used for operating activities in Q2 2026 was $77.6 million, compared to net cash provided by operating activities of $264.6 million in Q2 2025. Adjusted free cash flow was $219.0 million.