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AI brief of an SEC Form 8-K · WEX (WEX)

WEX cuts 2024 outlook after record Q3 revenue of $665.5 million

Mixed Impact 4 of 5 guidance Written later

WEX reported third-quarter 2024 revenue up 2% to a third-quarter record $665.5 million, with GAAP diluted EPS of $2.52 versus $0.42 a year earlier and adjusted diluted EPS of $4.35 versus $4.05. The company lowered its full-year 2024 outlook and guided fourth-quarter adjusted EPS to $3.51 to $3.61, citing lower fuel prices and softer Mobility volumes, and said results came in below its expectations.

Key points

  • Q3 2024 total revenue rose 2% to $665.5 million; GAAP net income was $102.9 million, or $2.52 per diluted share.
  • Full-year 2024 revenue is now expected at $2.62 billion to $2.63 billion, and adjusted EPS at $15.21 to $15.31.
  • Fourth-quarter 2024 guidance: revenue of $630 million to $640 million and adjusted EPS of $3.51 to $3.61.
  • WEX spent about $370 million on share repurchases in Q3, and its Board increased the repurchase authorization by $1 billion.

The filing

CompanyWEX (WEX)
Form8-K, current report
Filed with the SECOct 24, 2024, 6:37 AM ET
Accession number0001309108-24-000198

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing 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 October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.