PORTLAND, Maine (AP) — PORTLAND, Maine (AP) — Wex Inc. (WEX) on Wednesday reported fourth-quarter profit of $84.3 million.
On a per-share basis, the Portland, Maine-based company said it had net income of $2.41. Earnings, adjusted for one-time gains and costs, came to $4.11 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.91 per share.
The provider of fuel payment processing for fleet vehicles posted revenue of $672.9 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $662.9 million.
For the year, the company reported profit of $304.1 million, or $8.47 per share. Revenue was reported as $2.66 billion.
For the current quarter ending in March, Wex expects its per-share earnings to range from $3.80 to $4.
The company said it expects revenue in the range of $650 million to $670 million for the fiscal first quarter.
Wex expects full-year earnings in the range of $17.25 to $17.85 per share, with revenue ranging from $2.7 billion to $2.76 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEX at https://www.zacks.com/ap/WEX
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
