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wex NEWS RELEASE WEX Inc. Reports Third Quarter 2021 Financial Results 10/28/2021 PORTLAND , Maine -- ( BUSINESS WIRE ) -- WEX Inc. ( NYSE : WEX ) , a leading financial technology service provider , today reported financial results for the three months ended September 30 , 2021 . " We delivered impressive results in the third quarter driven by recovering customer spend patterns from the COVID impacted lows and implementation of new customer wins coming from continued success in the marketplace . Importantly , total purchase volume processed across the Company reached an all - time high of $ 26 billion up 93 % as we continue to capitalize on these positive trends , " said Melissa Smith , WEX's Chair and Chief Executive Officer . Ms. Smith added , " The strategic investments we have made over the last few years to expand our modern commerce platform are paying dividends . Our proven track record coupled with market - leading innovation , integrated solutions , and digital marketing engine is resonating in the marketplace and underpinning our impressive results . Payment ecosystems can be complex , which is why we work to seamlessly integrate into our customer's workflows and create an intelligent , secure , highly scalable , and resilient infrastructure . We are excited about the growth opportunities ahead and remain committed to driving long - term shareholder value while delivering for our customers . " Third Quarter 2021 Financial Results Total revenue for the third quarter of 2021 increased 26 % to $ 482.8 million from $ 382.1 million for the third quarter of 2020. This revenue increase in the quarter includes a $ 34.9 million favorable impact from fuel prices and spreads and a $ 1.0 million positive impact from foreign exchange rates . Net income attributable to shareholders on a GAAP basis increased by $ 114.2 million to net income of $ 48.3 million , or $ 1.07 per diluted share , compared with a net loss of $ 65.8 million , or $ ( 1.49 ) per diluted share , for the third quarter of 2020. The Company's adjusted net income attributable to shareholders , which is a non - GAAP measure , was $ 111.1 million for the third quarter of 2021 , or $ 2.45 per diluted share , up 54 % per diluted share from $ 70.9 1