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Here's What Key Metrics Tell Us About Wex (WEX) Q1 Earnings
WEXWEX(WEX) ZACKS·2025-05-01 00:05

Core Insights - Wex reported revenue of 636.6millionforthequarterendedMarch2025,adecreaseof2.5636.6 million for the quarter ended March 2025, a decrease of 2.5% year-over-year, while EPS increased to 3.51 from 3.46inthepreviousyear[1]−TherevenueexceededtheZacksConsensusEstimateof3.46 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of 630.4 million, resulting in a surprise of +0.98%, and the EPS also surpassed the consensus estimate of 3.40by+3.243.40 by +3.24% [1] Financial Performance Metrics - Purchase volume in the Benefits segment was 2.33 billion, exceeding the average estimate of 2.19billion[4]−PaymentprocessingtransactionsintheMobilitysegmenttotaled134.5million,slightlybelowtheaverageestimateof136.53million[4]−CorporatePaymentssegmentreportedapurchasevolumeof2.19 billion [4] - Payment processing transactions in the Mobility segment totaled 134.5 million, slightly below the average estimate of 136.53 million [4] - Corporate Payments segment reported a purchase volume of 17.29 billion, lower than the estimated 18.78billion[4]−AverageUSfuelpriceintheMobilitysegmentwas18.78 billion [4] - Average US fuel price in the Mobility segment was 3.32 per gallon, above the average estimate of 3.29pergallon[4]−Mobilityrevenueswere3.29 per gallon [4] - Mobility revenues were 333.80 million, slightly above the estimate of 331.20million,representingayear−over−yeardeclineof−1.5331.20 million, representing a year-over-year decline of -1.5% [4] - Benefits revenues reached 199.30 million, surpassing the estimate of 197.88million,withayear−over−yearincreaseof+4.2197.88 million, with a year-over-year increase of +4.2% [4] - Corporate Payments revenues were 103.50 million, below the estimate of 104.85million,reflectingayear−over−yeardeclineof−15.5104.85 million, reflecting a year-over-year decline of -15.5% [4] - Payment processing revenues were 271.80 million, under the estimate of 274.30million,showingayear−over−yeardecreaseof−10274.30 million, showing a year-over-year decrease of -10% [4] - Account servicing revenues were 179.10 million, exceeding the estimate of 177.13million,withayear−over−yearincreaseof+3.4177.13 million, with a year-over-year increase of +3.4% [4] - Finance fees revenues were 75.70 million, above the estimate of 67.74million,indicatingayear−over−yearincreaseof+7.767.74 million, indicating a year-over-year increase of +7.7% [4] - Other revenues were reported at 110 million, slightly below the estimate of 112.18million,withayear−over−yearincreaseof+2.7112.18 million, with a year-over-year increase of +2.7% [4] - Benefits-Other revenues were 53.60 million, below the estimate of $54.77 million, reflecting a year-over-year increase of +16.5% [4] Stock Performance - Wex shares have returned -18.1% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]