Wex (WEX) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 23, 2026 astatine 10:58 AM CDT 44 min read

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Thursday, April 23, 2026 astatine 10 a.m. ET

• Chair and Chief Executive Officer — Melissa D. Smith

• Chief Financial Officer — Jagtar Narula

• Corporate Vice President, Investor Relations — Steven Alan Elder

Melissa D. Smith, our Chair and CEO, and Jagtar Narula, our CFO. The property merchandise and supplemental materials issued yesterday, including a descent platform to locomotion done prepared remarks, person been posted to the Investor Relations conception of the website astatine wexinc.com. A transcript of the property merchandise and supplemental materials has been included successful an 8-K filed with the SEC yesterday afternoon. As a reminder, we volition beryllium discussing non-GAAP metrics, specifically adjusted nett income, we sometimes notation to arsenic ANI, adjusted nett income per diluted share, adjusted operating income and related margin, arsenic good arsenic adjusted escaped currency travel during our call.

Please spot Exhibit 1 of the property merchandise for an mentation and reconciliation of these non-GAAP measures. The institution provides gross guidance connected a GAAP ground and net guidance connected a non-GAAP basis, owed to the uncertainty and the indeterminate magnitude of definite elements that are included successful reported GAAP earnings. I would besides similar to punctual you that we volition sermon forward-looking statements nether the Private Securities Litigation Reform Act of 1995.

Actual results whitethorn disagree materially from those forward-looking statements arsenic a effect of assorted factors, including those discussed successful the property release, precocious filed yearly report, the supplemental materials, and the hazard factors identified successful the astir caller Annual Report connected Form 10-K and consequent quarterly reports connected Form 10-Q and different consequent SEC filings. While we whitethorn update forward-looking statements successful the future, we disclaim immoderate work to bash so. You should not spot undue reliance connected these forward-looking statements, each of which talk lone arsenic of today. With that, I volition crook the telephone implicit to Melissa.

Melissa D. Smith: Thank you, Steven, and bully morning, everyone. We admit you joining us. The archetypal 4th marked a beardown commencement to the twelvemonth for WEX Inc. We exceeded the precocious extremity of our guidance scope for some gross and adjusted nett income per diluted share, and we did that with beardown execution crossed the organization. After grounds gross and adjusted nett income per diluted stock successful 2025, we continued to physique connected our momentum successful 2026. Revenue for the 4th was $673.8 million, an summation of 5.8% twelvemonth implicit year. Excluding substance prices and overseas exchange, gross grew 5.4%, which was supra the midpoint of our anterior guidance. Adjusted nett income per diluted stock was $4.15, up 18.2% twelvemonth implicit year.