WEX Inc. Reports Third Quarter 2024 Financial Results
WEX Inc. common stock (WEX)
NASDAQ:AMEX Investor Relations:
wexinc.com/payment-solutions/virtual-payments
Company Research
Source: Business Wire
Q3 revenue increased 2% year-over-year to a third quarter record $665 million, driven by 9% growth in the Benefits segment and continued progression in Mobility segment growth rateQ3 GAAP net income was $2.52 per diluted share; Q3 adjusted net income was $4.35 per diluted shareQ3 GAAP operating income margin of 29.5% and adjusted operating income margin of 44.0%$370 million spent on share repurchases in Q3, including a $300 million accelerated share repurchase agreement PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2024.“We continued to deliver growth and strong profitability in the third quarter, driven by healthy sales, high customer retention, and expanding margins. That said, our performance ultimately fell short of our expectations,” said Melissa Smith, WEX’s Chair, Chief Executive Officer, and President.“Although the t
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WEX
News
- WEX Unveils New Digital Solution to Enhance and Expand Medicare Advantage PlatformBusiness Wire
- WEX and Holman Expand Partnership Across U.S. and CanadaBusiness Wire
- WEX Stock Price Decreases 5% Post Q3 Earnings & Revenues Miss [Yahoo! Finance]Yahoo! Finance
- WEX Inc. (NYSE: WEX) was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating.MarketBeat
- WEX Inc. (NYSE: WEX) had its price target lowered by analysts at Robert W. Baird from $285.00 to $230.00. They now have an "outperform" rating on the stock.MarketBeat
WEX
Earnings
- 10/24/24 - Beat
WEX
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 10/24/24 - Form 10-Q
- WEX's page on the SEC website