Wex, Inc. (WEX) Tops Q4 EPS by 13c, Offers Guidance

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Go back to Wex, Inc. (WEX) Tops Q4 EPS by 13c, Offers Guidance

WEX Inc. Reports Fourth Quarter and Full Year 2021 Financial Results

February 10, 2022 6:31 AM EST

PORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months and year ended December 31, 2021.

Fourth Quarter and Full Year 2021 Financial Results

Total revenue for the fourth quarter of 2021 increased 25% to $497.5 million from $399.0 million for the fourth quarter of 2020. The $98.5 million increase in revenue in the quarter includes a $47.4 million positive impact from higher average fuel prices and foreign exchange rates.

On a GAAP basis, net loss attributable to shareholders for the fourth quarter of 2021 was $11.8... More