Wex, Inc. (WEX) Tops Q1 EPS by 19c; Raises Outlook

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Go back to Wex, Inc. (WEX) Tops Q1 EPS by 19c; Raises Outlook

WEX Inc. Reports First Quarter 2022 Financial Results

April 28, 2022 6:30 AM EDT

1Q revenue increased 26% year-over-year to a record $518 million

1Q GAAP net income per share increased to $2.71 per diluted share, compared to a net loss of $0.06 per diluted share in the prior year; 1Q adjusted net income per share increased 61% year-over-year to $2.88 per diluted share

Total purchase volume increased 66% year-over-year to $28 billion

Raises full-year 2022 financial guidance

PORTLAND, Maine--(BUSINESS WIRE)-- WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported... More