WEX Inc (WEX) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and WEX published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. WEX reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted net income per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Higher fuel prices added a net $57.3 million to WEX's Q3 2026 revenue, all in the Mobility segment.
• WEX gives revenue guidance on a GAAP basis and earnings guidance on a non-GAAP (adjusted net income) basis only.

Source: WEX Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How WEX splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• WEX's Mobility revenue was $435 million in Q3 2026, up 21% from $361 million in Q3 2025, 56% of total revenue.
• WEX's Benefits revenue was $208 million in Q3 2026, up 5% from $198 million in Q3 2025, 27% of total revenue.
• WEX's Corporate Payments revenue was $137 million in Q3 2026, up 3% from $133 million in Q3 2025, 18% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, WEX said:

“For the fourth quarter of 2026, the Company expects revenue in the range of $760 million to $780 million and adjusted net income in the range of $193 million to $200 million, or $5.67 to $5.87 per diluted share.”

“For the full year 2026, the Company now expects revenue in the range of $2.97 billion to $2.99 billion and adjusted net income in the range of $736 million to $743 million, or $21.28 to $21.48 per diluted share, compared to previous guidance for revenue of $2.86 billion to $2.90 billion and adjusted net income of $689 million to $703 million, or $19.68 to $20.08 per diluted share.”

“U.S. retail fuel prices of $4.81 and $4.50 per gallon for the fourth quarter and full year 2026, respectively, based on the applicable NYMEX futures curve from the week of October 19, 2026.”

Source: WEX Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the WEX forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted net income attributable to shareholders per share, each as first reported in that quarter's release.

We do not hold a confirmed date for WEX's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

WEX's total revenue was $780.1 million in Q3 2026, up 12.8% from $691.8 million. Mobility, its fleet payments and fleet management business with more than 600,000 customers, brought in $435.1 million, up 20.6%. Benefits, which runs HSA, FSA, HRA, COBRA and benefits administration platforms, had $207.6 million, up 4.8%, and Corporate Payments $137.4 million, up 3.5%. (WEX Q3 2026 release, Oct 28, 2026)

Higher fuel prices added a net $57.3 million to WEX's revenue in the quarter, all in Mobility, as the average US fuel price rose to $4.85 a gallon from $3.38. Mobility payment processing revenue rose 22.1% to $205.4 million and finance fee revenue 39.5% to $115.7 million, which the 10-Q attributes to higher fuel prices on payment processing fees and late fee revenue earned on higher outstanding invoices. (WEX Q3 2026 release, Oct 28, 2026; WEX Form 10-Q, Q3 2026, Oct 29, 2026)

WEX's net payment processing rate in Mobility fell to 1.14% from 1.33%, because part of its fee on each fuel transaction is fixed and the rate declines when fuel prices rise. Payment processing gallons of fuel were 3,631.2 million, against 3,639.8 million a year earlier, and payment processing transactions rose 1.7% to 142.3 million. (WEX Q3 2026 release, Oct 28, 2026; WEX Form 10-Q, Q3 2026, Oct 29, 2026)

WEX's Benefits account servicing revenue fell 2.7% to $110.2 million while other revenue rose 17.3% to $71.5 million, as HSA deposits moved from third-party depository banks to WEX Bank, which typically earns higher yields. In Corporate Payments, purchase volume grew 6.3% to $24.6 billion and the net interchange rate was 0.46%, against 0.47%. (WEX Q3 2026 release, Oct 28, 2026; WEX Form 10-Q, Q3 2026, Oct 29, 2026)

WEX earned $3.88 per diluted share on a GAAP basis in Q3 2026, up 68.7% from $2.30, and $6.13 of adjusted net income per diluted share, up 33.6% from $4.59. The largest items excluded from adjusted net income were $45.6 million of acquisition-related intangible amortization ($1.32 a share) and $45.3 million of stock-based compensation ($1.31 a share), offset by $19.2 million of tax related items. (WEX Q3 2026 release, Oct 28, 2026)

WEX's operating income margin widened to 30.6% from 26.5%, and adjusted operating income margin to 42.6% from 39.5%. Mobility's segment adjusted operating income margin rose to 46.9% from 40.7%. Financing interest expense fell to $53.2 million from $63.8 million. (WEX Q3 2026 release, Oct 28, 2026)

WEX repurchased approximately $200 million of shares in Q3 2026 and an additional $75 million through October 26. Diluted weighted average shares were 34.6 million, against 34.8 million a year earlier, and the leverage ratio under its Credit Agreement fell to 2.7x from 2.9x at June 30, 2026. (WEX Q3 2026 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

WEX guides each quarter in its release, revenue on a GAAP basis and earnings on an adjusted basis. For Q4 2026 it expects revenue of $760 million to $780 million and adjusted net income of $5.67 to $5.87 per diluted share. It raised full-year 2026 guidance to revenue of $2.97 billion to $2.99 billion and $21.28 to $21.48 per diluted share, from $2.86 billion to $2.90 billion and $19.68 to $20.08. (WEX Q3 2026 release, Oct 28, 2026)

WEX's guidance assumes U.S. retail fuel prices of $4.81 a gallon for Q4 2026 and $4.50 for the full year, from the NYMEX futures curve in the week of October 19, 2026, an adjusted effective tax rate of 25.0%, Mobility credit losses of 17 to 22 basis points for Q4, and 34.1 million weighted average diluted shares for Q4. (WEX Q3 2026 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover WEX, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones WEX's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning WEX is on is WEX a buy or a sell?, what analysts expect next is on the WEX forecast, and what the company does is on the WEX Inc (WEX) stock page.

Every number on this page can be traced to a document WEX published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.