{"id":963312,"date":"2026-05-14T18:33:10","date_gmt":"2026-05-14T22:33:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wex-announces-1-billion-share-repurchase-program\/"},"modified":"2026-05-14T18:33:10","modified_gmt":"2026-05-14T22:33:10","slug":"wex-announces-1-billion-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wex-announces-1-billion-share-repurchase-program\/","title":{"rendered":"WEX Announces $1 Billion Share Repurchase Program"},"content":{"rendered":"

<\/p>\n

WEX Announces $1 Billion Share Repurchase Program<\/b><\/p>\n

PORTLAND, Maine–(BUSINESS WIRE<\/a>)–
\nWEX (NYSE: WEX), a global leader in intelligent payment solutions, today announced that its Board of Directors has authorized a new share repurchase program under which up to $1 billion, plus any transaction expenses and excise taxes incurred, worth of WEX\u2019s common stock may be repurchased.<\/p>\n

\n\u201cOur $1 billion share repurchase authorization reflects our Board\u2019s conviction in the intrinsic value of our stock and commitment to returning capital to shareholders and further underscores our strong free cash flow and financial capacity. We remain focused on maintaining a strong balance sheet, investing for long-term growth and returning capital to shareholders,\u201d said Melissa Smith, WEX\u2019s President and Chief Executive Officer.<\/p>\n

\nUnder the new share repurchase authorization, the Company may buy back stock on a discretionary basis from time to time through Rule 10b5-1 trading plans, open market transactions, privately negotiated transactions, accelerated share repurchase programs, derivative transactions, issuer self-tender offers or otherwise. The timing and amount of any transaction is subject to WEX\u2019s discretion based upon, among other things, market conditions and other opportunities that the Company may have for the use or investment of its cash balances. In addition, repurchases are subject to the availability of shares of stock for purchase, prevailing market conditions, the trading price of the Company\u2019s stock, and the Company\u2019s financial performance, among other things. The repurchase program does not obligate WEX to acquire any specific number of shares, has no expiration date and may be modified, discontinued, or suspended at any time. WEX currently intends that all instructions for the repurchase of shares under this program shall be in compliance with Rule 10b-18 as required or deemed appropriate and the covenants or provisions of any debt or other obligations then outstanding.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding: the Company\u2019s intention and ability to engage in repurchases of its common stock; the conditions and methods under which such repurchases may occur; the amount and\/or prices of any such repurchases; the Company\u2019s financial performance; and, the timing of and time frame during which such repurchases may occur. Any statements in this communication that are not statements of historical facts are forward-looking statements. When used in this communication, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cconfidence,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpositions,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201cwill,\u201d and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. Forward-looking statements relate to our future plans, objectives, expectations, and intentions and are not historical facts and accordingly involve known and unknown risks and uncertainties and other factors that may cause the actual results or performance to be materially different from future results or performance expressed or implied by these forward-looking statements, including, but not limited to, the risks and uncertainties identified in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on February 13, 2026 and subsequent filings with the SEC. The forward-looking statements speak only as of the date of this communication and undue reliance should not be placed on these statements. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events, or otherwise.<\/p>\n

About WEX<\/b><\/p>\n

\nWEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility, and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260514746670\/en\/<\/a><\/span><\/p>\n

Media
\n<\/b>
WEX
\n
Cuthbert Langley
\n
Cuthbert.Langley@wexinc.com<\/a><\/p>\n

Investor
\n<\/b>
WEX
\n
Pedro Alvarez, 207-523-7769
\n
Pedro.Alvarez@wexinc.com<\/a><\/p>\n

KEYWORDS:<\/b> Maine United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Business Payments Professional Services Technology Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

WEX Announces $1 Billion Share Repurchase Program PORTLAND, Maine–(BUSINESS WIRE)– WEX (NYSE: WEX), a global leader in intelligent payment solutions, today announced that its Board of Directors has authorized a new share repurchase program under which up to $1 billion, plus any transaction expenses and excise taxes incurred, worth of WEX\u2019s common stock may be repurchased. \u201cOur $1 billion share repurchase authorization reflects our Board\u2019s conviction in the intrinsic value of our stock and commitment to returning capital to shareholders and further underscores our strong free cash flow and financial capacity. We remain focused on maintaining a strong balance sheet, investing for long-term growth and returning capital to shareholders,\u201d said Melissa Smith, WEX\u2019s President and Chief Executive Officer. Under the … <\/p>\n

Continue reading “WEX Announces $1 Billion Share Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-963312","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWEX Announces $1 Billion Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wex-announces-1-billion-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WEX Announces $1 Billion Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WEX Announces $1 Billion Share Repurchase Program PORTLAND, Maine–(BUSINESS WIRE)– WEX (NYSE: WEX), a global leader in intelligent payment solutions, today announced that its Board of Directors has authorized a new share repurchase program under which up to $1 billion, plus any transaction expenses and excise taxes incurred, worth of WEX\u2019s common stock may be repurchased. \u201cOur $1 billion share repurchase authorization reflects our Board\u2019s conviction in the intrinsic value of our stock and commitment to returning capital to shareholders and further underscores our strong free cash flow and financial capacity. We remain focused on maintaining a strong balance sheet, investing for long-term growth and returning capital to shareholders,\u201d said Melissa Smith, WEX\u2019s President and Chief Executive Officer. 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