Wex, Inc. (WEX) Tops Q2 EPS by 25c; Raises Outlook

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WEX Inc. Reports Second Quarter 2022 Financial Results

July 28, 2022 6:30 AM EDT

2Q revenue increased 30% year-over-year to a record $598 million

2Q GAAP net income per share increased to $0.76 per diluted share; 2Q adjusted net income per share increased 61% year-over-year to $3.71 per diluted share

2Q GAAP operating income margin of 28.6% and adjusted operating income margin of 42.3%

Total purchase volume increased 77% year-over-year to $37 billion

Raises full-year 2022 financial guidance

PORTLAND, Maine--(BUSINESS WIRE)-- WEX (NYSE: WEX), the global commerce platform that simplifies... More