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Dec 31, 2021
WEX Q4 2021 Earnings Report
WEX Inc. reported fourth quarter financial results, with revenue increasing 25% year-over-year.
Key Takeaways
WEX Inc. reported strong fourth-quarter results, with total revenue increasing by 25% to $497.5 million compared to the same period last year. The company's adjusted net income was $116.8 million, or $2.58 per diluted share, a significant increase from the previous year. The results exceeded expectations, driven by growth in each of the company's segments.
Total revenue for the fourth quarter of 2021 increased 25% to $497.5 million.
Net loss attributable to shareholders for the fourth quarter of 2021 was $11.8 million, or $0.26 per diluted share.
Adjusted net income attributable to shareholders was $116.8 million for the fourth quarter of 2021, or $2.58 per diluted share.
Total purchase volume across all segments increased 79% year over year to $25 billion.
Forward Guidance
For the first quarter of 2022, the Company expects revenue in the range of $495 million to $505 million and adjusted net income in the range of $117 million to $122 million, or $2.55 to $2.65 per diluted share. For the full year 2022, the Company expects revenue in the range of $2.05 billion to $2.09 billion and adjusted net income in the range of $517 million to $536 million, or $11.20 to $11.60 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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