Wex Inc Stock Price, News & Analysis

WEX (NYSE: WEX) announced the rebranding of Payzerware to WEX Field Service Management (WEX FSM), an enhanced software solution designed for contractors in trades like HVAC, plumbing, and electrical services. The platform, which currently serves over 35,000 contractors, combines core features like scheduling, dispatching, invoicing, and payments with new capabilities including WEX Fleet Card integration, Advanced Reporting, and GoodLeap's financing options.

The company has launched a new mobile app with improved features including enhanced business intelligence, faster performance, stronger security, and broader compatibility. The platform aims to help contractors streamline operations by consolidating their field service operations, fleet management, and payments through a single trusted partner.

WEX (NYSE: WEX) has expanded its 10-4 by WEX™ app network by adding Maverik — Adventure's First Stop stations, bringing over 190 new locations across 21 states to its fuel savings network. The app provides nationwide diesel discounts to independent truckers and small fleets.

As part of National Truck Driver Appreciation Week (September 14-20), the company is offering new users a $25 discount on their first 75-gallon purchase. The network now includes major truck stops like 7FLEET Diesel Network, Circle K, Love's Travel Stops, and others. Additionally, WEX will host its OTR Summit in San Antonio from October 1-3, focusing on industry trends and innovations.

WEX (NYSE: WEX) has announced a strategic partnership with bp to launch the earnify™fleet fuel card program in the United States. The program enables fleet drivers to make fuel and vehicle-related purchases at locations accepting WEX and Mastercard®, with fuel rebates available at over 8,000 stations across bp's brand network.

The earnify™fleet card offers comprehensive features including real-time spending controls, EMV chip technology for fraud protection, and integrated reporting. Drivers can use the card for various expenses including parts, service, tolls, car washes, parking, and roadside assistance. Additionally, drivers can earn personal loyalty points through the earnify™ rewards program when fueling at participating locations.

WEX (NYSE: WEX) reported its Q2 2025 financial results, with revenue decreasing 2% to $659.6 million from $673.5 million in Q2 2024. The company achieved GAAP net income of $1.98 per diluted share and adjusted net income of $3.95 per diluted share, exceeding guidance expectations.

Key performance metrics include a GAAP operating income margin of 23.8% and adjusted operating income margin of 36.8%. Total transaction volume reached $59.5 billion, with Benefits' SaaS accounts growing 6% to 21.2 million. For Q3 2025, WEX expects revenue between $669-689 million and adjusted net income of $4.30-4.50 per diluted share.

WEX (NYSE: WEX) has launched a new AI-powered claims tool designed to streamline flexible spending account (FSA) reimbursements. The innovative solution achieves over 97% precision in determining correct reimbursement amounts for valid claims, transforming a process that typically takes days into one that takes minutes.

The tool features real-time document verification, smart form auto-completion, and rapid claim assessment capabilities. It addresses common denial reasons and meets HIPAA compliance standards. This launch is particularly timely, as FSA access reached 72% among state and local government workers and 47% among private-sector employees in 2024.

WEX Inc. (NYSE: WEX), a global commerce platform, has scheduled its second quarter 2025 financial results announcement for July 23, 2025, after market close. The company will host a conference call to discuss the results on July 24, 2025, at 10:00 AM ET, led by CEO Melissa Smith and CFO Jagtar Narula.

The earnings release and supplemental materials will be available through WEX's investor relations website. Investors can access the conference call via webcast or by dialing in, with a replay available until July 31, 2025.

Impactive Capital LP, holding a 7.0% stake in WEX Inc. (NYSE: WEX), has expressed strong criticism following the company's 2025 annual meeting results. Three directors faced significant shareholder opposition: Lead Independent Director Jack VanWoerkom received only 57.2% support (down 38.4% from 2024), CEO and Chairwoman Melissa Smith got 64.3% support (down 33.4%), and Director James Neary received 67.0% support (down 32.8%). All three directors now rank in the bottom 1st percentile of S&P 400 company directors. In response to what they view as a "crisis of confidence" among shareholders and the company's reluctance to address its valuation gap, Impactive has announced plans to nominate at least four directors at the 2026 annual meeting unless WEX shows significant improvement in performance and stakeholder engagement.

WEX Inc. (NYSE: WEX), a global commerce platform provider, has announced that its Chair and CEO Melissa Smith will be presenting at the upcoming William Blair 45th Annual Growth Stock Conference. The presentation is scheduled for Wednesday, June 4, at 4:20 PM ET. Investors and interested parties can access the live webcast through the company's Investor Relations website at www.wexinc.com. An audio replay of the presentation will remain available on the website for 30 days following the event.

WEX (NYSE: WEX), a global commerce platform, has announced that CFO Jagtar Narula will present at the Barclays 15th Annual Emerging Payments & Fintech Forum on May 20, 2025 at 12:40 p.m. ET. The presentation will be accessible via live webcast on WEX's Investor Relations website, with an audio replay available for up to 90 days following the event.