Payment solutions provider WEX (NYSE: WEX) reported revenue ahead of Wall Street’s expectations in Q3 CY2025, with sales up 4% year on year to $691.8 million. The company expects the full year’s revenue to be around $2.64 billion, close to analysts’ estimates. Its non-GAAP profit of $4.59 per share was 3.1% above analysts’ consensus estimates.
Is now the time to buy WEX? Find out by accessing our full research report, it’s free for active Edge members.
WEX (WEX) Q3 CY2025 Highlights:
- Revenue: $691.8 million vs analyst estimates of $681.9 million (4% year-on-year growth, 1.5% beat)
- Pre-tax Profit: $116.4 million (16.8% margin, 17.5% year-on-year decline)
- Adjusted EPS: $4.59 vs analyst estimates of $4.45 (3.1% beat)
- Adjusted EPS guidance for the full year is $15.86 at the midpoint, beating analyst estimates by 0.9%
- Market Capitalization: $5.44 billion
“Our strategy to return to revenue growth was demonstrated in the third quarter with both revenue and earnings exceeding the high end of our guidance ranges,” said Melissa Smith, WEX’s Chair, Chief Executive Officer, and President.
Company Overview
Originally founded in 1983 as Wright Express to serve the fleet card market, WEX (NYSE: WEX) provides payment processing and business solutions across fleet management, employee benefits, and corporate payments sectors.
Revenue Growth
A company’s long-term sales performance can indicate its overall quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, WEX grew its revenue at a decent 10.4% compounded annual growth rate. Its growth was slightly above the average financials company and shows its offerings resonate with customers.
We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. WEX’s recent performance shows its demand has slowed as its annualized revenue growth of 2.4% over the last two years was below its five-year trend. 
Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, WEX reported modest year-on-year revenue growth of 4% but beat Wall Street’s estimates by 1.5%.
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Key Takeaways from WEX’s Q3 Results
It was good to see WEX narrowly top analysts’ revenue expectations this quarter. We were also glad its full-year EPS guidance slightly exceeded Wall Street’s estimates. Overall, this print had some key positives. The stock traded up 3.8% to $159.90 immediately after reporting.
Big picture, is WEX a buy here and now? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free for active Edge members.
