Payment solutions provider WEX (NYSE: WEX) reported revenue ahead of Wall Street’s expectations in Q4 CY2025, with sales up 5.7% year on year to $672.9 million. On the other hand, the company’s full-year revenue guidance of $2.73 billion at the midpoint came in 1% below analysts’ estimates. Its non-GAAP profit of $4.11 per share was 4.7% above analysts’ consensus estimates.
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WEX (WEX) Q4 CY2025 Highlights:
- Revenue: $672.9 million vs analyst estimates of $664.9 million (5.7% year-on-year growth, 1.2% beat)
- Pre-tax Profit: $110 million (16.3% margin)
- Adjusted EPS: $4.11 vs analyst estimates of $3.93 (4.7% beat)
- Adjusted EPS guidance for the upcoming financial year 2026 is $17.55 at the midpoint, in line with analyst estimates
- Market Capitalization: $4.95 billion
"Our strong fourth quarter results demonstrate the strategic actions we took to accelerate our growth and drive progressively stronger performance over the course of the year," 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
Examining a company’s long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Thankfully, WEX’s 11.3% annualized revenue growth over the last five years was solid. Its growth beat the average financials company and shows its offerings resonate with customers.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. WEX’s recent performance shows its demand has slowed as its annualized revenue growth of 2.2% 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 year-on-year revenue growth of 5.7%, and its $672.9 million of revenue exceeded Wall Street’s estimates by 1.2%.
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Key Takeaways from WEX’s Q4 Results
It was good to see WEX beat analysts’ EPS expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street’s estimates. On the other hand, its full-year revenue guidance slightly missed. Zooming out, we think this was a mixed quarter. The stock remained flat at $148.26 immediately following the results.
Big picture, is WEX a buy here and now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it’s free).
