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

WEX Q1 revenue falls 2% to $636.6 million; adjusted EPS rises 1% to $3.51

Mixed Impact 3 of 5 earnings Written later

WEX reported first-quarter 2025 revenue of $636.6 million, down 2% from a year earlier, driven by fuel prices and foreign exchange rates. GAAP net income rose to $71.5 million, or $1.81 per diluted share, from $1.55, and adjusted EPS was $3.51, up 1%, while the company spent $790 million on share repurchases. The company also updated its full-year 2025 guidance, which now calls for revenue of $2.57 billion to $2.63 billion and adjusted EPS of $14.72 to $15.32.

Key points

  • Q1 revenue was $636.6 million, down 2% from $652.7 million; fuel prices reduced revenue by $8.5 million and foreign exchange by $2.5 million
  • Q1 GAAP EPS was $1.81 versus $1.55; adjusted EPS was $3.51 versus $3.46, with adjusted operating margin at 36.7% versus 38.5%
  • Q1 operating cash flow was negative $481.6 million; $790 million was spent repurchasing 5.1 million shares
  • Q2 2025 guidance: revenue of $640 million to $660 million and adjusted EPS of $3.60 to $3.80

The filing

CompanyWEX (WEX)
Form8-K, current report
Filed with the SECApr 30, 2025, 4:34 PM ET
Accession number0001309108-25-000083

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 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 April 30, 2025.

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.