WEX Inc. reported its second quarter 2025 financial results on July 23, 2025, delivering stronger financial results than anticipated. Adjusted EPS exceeded guidance, and revenue came in at the top end of guidance, reaching $659.6 million.
Total revenue for Q2 2025 decreased 2% year-over-year to $659.6 million, including a $15.9 million unfavorable impact from fuel prices and spreads. GAAP net income was $68.1 million, or $1.98 per diluted share, while adjusted net income was $136.2 million, or $3.95 per diluted share, up 1% per diluted share.
The company's Q3 and full-year 2025 guidance assumes average U.S. retail fuel prices of $3.23 and $3.21 per gallon, respectively. Management noted positive returns from sales and marketing investments and a strengthening new business pipeline, supporting sustained earnings growth.
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