Wex, Inc. (WEX) Tops Q4 EPS by 22c; Guides
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WEX Inc. Reports Fourth Quarter and Full Year 2022 Financial Results
February 9, 2023 6:30 AM ESTPORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2022.
Fourth Quarter and Full Year 2022 Financial Results
Total revenue for the fourth quarter of 2022 increased 24% to $618.6 million from $497.5 million for the fourth quarter of 2021. The $121.1 million increase in revenue in the quarter includes a net $34.2 million favorable impact from fuel prices and spreads and an $8.7 million negative impact from foreign exchange rates.
On a GAAP basis, net income... More
