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Mar 31, 2021
WEX Q1 2021 Earnings Report
WEX's first quarter results for 2021 were reported, showing sequential momentum and exceeding revenue expectations, with a total purchase volume of $16.8 billion.
Key Takeaways
WEX Inc. reported a 5% decrease in total revenue to $410.8 million for Q1 2021, compared to $431.7 million in Q1 2020. The GAAP net loss attributable to shareholders decreased to $2.6 million, or $(0.06) per diluted share, while adjusted net income was $81.3 million, or $1.79 per diluted share.
Delivered strong momentum sequentially and exceeded revenue expectations.
Achieved $16.8 billion of total purchase volume, with contributions from all segments.
Fleet, Corporate Payments, and Health segments are above pre-pandemic revenue levels.
Built upon a strong technology foundation and are accelerating innovation.
Forward Guidance
The company did not include forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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