**WEX Inc. (WEX)** has seen a significant stock price increase of **36.3%** over the past three months, outpacing the industry’s **9.5%** growth and the Zacks S&P 500 Composite’s **3%** return. The company reported impressive second-quarter revenues across its segments, with **Mobility** generating **$422.4 million** (a **22%** year-over-year increase), **Benefits** revenues at **$206 million** (up **5.6%**), and **Corporate Payments** rising to **$125.1 million** (up **5.8%**). Total volume grew by **15.7%** to **$68.9 billion**, indicating robust customer activity.
WEX’s adjusted operating margin expanded by **280 basis points** to **39.6%** in Q2 2026, driven by higher fuel prices and effective pricing strategies. Adjusted free cash flow increased to **$219 million**, allowing for a **$60 million** share repurchase during the quarter. As of the end of Q2, WEX’s leverage was at **2.9X**, reduced from **3.1X** in Q1, underscoring its improving financial health.
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