Wex Inc ($WEX) reported results for the first quarter of 2026 with total revenue of $673.8 million, up 5.8% year-over-year and slightly above the revenue estimate of $672.6 million.
On the cash flow and balance sheet side:
Overall, revenue and gross profit grew faster than cost of sales, supporting margin expansion, while operating cash flow weakened and liabilities increased year-over-year.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Wex Inc Insider Trading Activity
Wex Inc insiders have traded $WEX stock on the open market 18 times in the past 6 months. Of those trades, 1 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $WEX stock by insiders over the last 6 months:
- JOEL ALAN JR DEARBORN (COO, International) has made 0 purchases and 7 sales selling 7,000 shares for an estimated $1,144,988.
- ROBERT JOSEPH DESHAIES (COO, Benefits) has made 0 purchases and 5 sales selling 5,776 shares for an estimated $883,055.
- SARA TRICKETT (Chief Legal Officer) sold 1,815 shares for an estimated $272,159
- CARLOS CARRIEDO (COO, Amer. Payments & Mobility) sold 1,575 shares for an estimated $251,847
- JENNIFER KIMBALL (Chief Accounting Officer) has made 0 purchases and 3 sales selling 1,313 shares for an estimated $202,989.
- STEPHEN MONTGOMERY SMITH purchased 1,000 shares for an estimated $144,250
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Wex Inc Hedge Fund Activity
We have seen 203 institutional investors add shares of Wex Inc stock to their portfolio, and 187 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 869,761 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $129,576,993
- AQR CAPITAL MANAGEMENT LLC added 790,271 shares (+794.0%) to their portfolio in Q4 2025, for an estimated $117,734,573
- MORGAN STANLEY removed 620,574 shares (-22.7%) from their portfolio in Q4 2025, for an estimated $92,453,114
- PAR CAPITAL MANAGEMENT INC added 400,500 shares (+21.6%) to their portfolio in Q4 2025, for an estimated $59,666,489
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 391,916 shares (-75.9%) from their portfolio in Q4 2025, for an estimated $58,387,645
- NEW SOUTH CAPITAL MANAGEMENT INC added 231,158 shares (+627.0%) to their portfolio in Q4 2025, for an estimated $34,437,918
- M&T BANK CORP added 188,813 shares (+inf%) to their portfolio in Q4 2025, for an estimated $28,129,360
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Wex Inc Government Contracts
We have seen $9,419,284 of award payments to $WEX over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- ACQUIRE VEHICLE TELEMATICS HARDWARE AND MONTHLY SUBSCRIPTION TO PROVIDE GPS LOCATION, VEHICLE PERFORMANCE, ...: $5,858,982
- GEOTAB TELEMATICS DEVICES, DELIVERY, INSTALLATION, MONTHLY PRO-PLUS SOFTWARE SUBSCRIPTION PLAN FOR NRCS VEH...: $2,082,950
- TELEMATICS SERVICE: $1,055,980
- WEX: $254,050
- ---------- COMMENTS: MISSION ESSENTIAL FOR FY2026 USE OF CREDIT CARDS REQUIRED FOR DAILY OPERATIONS MAINT...: $25,000
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
Wex Inc Price Targets
Multiple analysts have issued price targets for $WEX recently. We have seen 5 analysts offer price targets for $WEX in the last 6 months, with a median target of $166.0.
Here are some recent targets:
- Michael Infante from Morgan Stanley set a target price of $158.0 on 04/21/2026
- Ramsey El-Assal from Cantor Fitzgerald set a target price of $166.0 on 02/09/2026
- Dan Dolev from Mizuho set a target price of $170.0 on 02/06/2026
- Tien-Tsin Huang from JP Morgan set a target price of $155.0 on 02/06/2026
- Nik Cremo from UBS set a target price of $172.0 on 10/31/2025
