WEX raises 2024 guidance as Q1 revenue rises 7% to a record $652.7 million
WEX reported first-quarter 2024 revenue of $652.7 million, up 7% from a year earlier, and adjusted net income of $3.46 per diluted share, up 5%. GAAP net income was $65.8 million, or $1.55 per diluted share, compared with $1.56 a year earlier. The company raised its full-year 2024 revenue and adjusted earnings guidance, which matters to shareholders because it signals management's higher expectations for the year.
Key points
- Q1 2024 revenue was $652.7 million, up 7% from $612.0 million; GAAP net income was $65.8 million, or $1.55 per diluted share, versus $1.56 a year earlier
- Adjusted net income was $146.7 million, or $3.46 per diluted share, versus $3.31 a year earlier
- Full-year 2024 revenue guidance raised to $2.73 billion to $2.77 billion from $2.70 billion to $2.74 billion
- Full-year 2024 adjusted EPS guidance raised to $16.10 to $16.60 from $15.90 to $16.40 per diluted share
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2024.
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