Wex increases share repurchase program by $400M

Wex announced that its board of directors has authorized an amended share repurchase program under which up to an additional $400M worth of WEX‘s common stock may be repurchased, expanding the total authorization to $1.05B. The share repurchase program, first announced in August 2022 and amended in October 2022, previously authorized the company to repurchase up to $650M through December 31, 2025. This amendment increases the repurchase authorization to $1.05B through December 31, 2025.