Let me start with an update on our electric vehicle initiatives. Registration for the webcast of the event will be available on the Investor Relations section of our website in the coming weeks. Now let's start with the quarter results. Username Forgot Username? WEX | ADP Marketplace If used elsewhere, you may need to upload supporting documentation (depending on your benefits plan). Next, let me turn to our operational improvement. Is that -- are we still early enough in the secular shift to consumer-paid HSA that we can continue to expect big open enrollment seasons that provide momentum and visibility sort of year in and year out in your Benefits business? So we saw this kind of runoff of customers that -- where we think it had kind of this acute issue of a big ramp within that marketplace, where a bunch of people added new vehicles, and that went down. Spot rates went down. I also want to mention that we are renaming our existing segments in connection with the rebranding initiatives. We are assuming that you see a trail off in travel growth in the second half of the year. WEX is transforming the complexity of employee benefits administration with innovative solutions and extraordinary customer service delivered by empowered and knowledgeable employees. And so I'd say, so far so good in what we're seeing with that business, and it's something we're going to continue to learn and evolve. Our commitment to providing excellent customer service to both you and your employees is unwavering. (Say goodbye to paper implementations. Of our clients choose us because theyre looking for a better service experience for themselves and their employees. Your next question comes from the line of Bob Napoli with William Blair. Your next question comes from the line of Dave Koning with Baird. Will my recurring payment for premiums continue? Just my quick follow-up. Can you discuss your 2023 growth expectations for travel-related revenue and Corporate Payments-related revenue separately to arrive at the 7% to 11% guide? We also saw volume growth in our direct channel, and we are pleased to sign more than 40 new direct Corporate Payment customers in the quarter. Your next question comes from the line of Nik Cremo with Credit Suisse. Jagtar talked about the fact we've seen that stabilize within our portfolio. It's a better customer experience. If used elsewhere, you may need to upload supporting documentation (depending on your benefits plan). WEX has 5 employees across 31 locations and $2.35 b in annual revenue in FY 2022. . I'm excited by the positive response and the momentum we're seeing across the business. The revenue increase in the quarter includes a $1.3 million favorable impact from fuel prices and spreads and a $4.3 million unfavorable impact from foreign exchange rates. More broadly, as we drive our strategy of simplification and convenience in the EV space, the first phase of our EV product rollout is focused on en route charging. Thank you, operator, and good morning, everyone. WEX to Benefit from benefitexpress Acquisition: Here's How The Corporate Payments segment delivered an adjusted operating income margin of 46.9%, up from 36.7% in Q1 last year. We also continue to benefit from a rebound in travel volume globally. And so we have a whole separate work stream that we've added over the last year. WEX Inc. Employee Benefits | Built In Simplifying benefits for everyone. Revenue for the first quarter came in at $7 million, above the midpoint of our guidance, and adjusted net income per share beat the midpoint of our guidance by $0.11. Official list of employee benefits from WEX Inc.. Health insurance benefits, vacation policy, retirement benefits and more. I'm proud of our strong execution this quarter and believe we remain well positioned for the future as we deliver on our strategic priorities. All of WEX's fleet cards are truly universal - they can be used at 95% of the US's fuel stations, plus 45,000 service locations across the country, which is the main reason we selected WEX as our top provider. And then maybe you could just remind us what you guys are incorporating into the guidance? WEX Inc. - Wikipedia Is that weakness the same on the smaller versus the larger? WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. Discovery Benefits is now WEX - WEX Benefits You We are WEX We are excited and proud to share that in 2021, Discovery Benefits, LLC, a WEX Company will be known as WEX. If used at an IIAS merchant, simply swipe your card and it will automatically approve anything thats an eligible expense. See the company profile for WEX Inc. (WEX) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. Allow employees to log in and review the details of their employee benefits program elections 24/7 and make changes and enroll in benefits as required. And then on the negative side was the factoring item that you mentioned. Do I need to create a new account? It can be easy to get caught up in a routine or a silo at WEX, but NexGen has given me the opportunity to connect with people in other functional areas that I otherwise would have never met.. We saw solid mid-single-digit growth from our local customers in the U.S., while we had a small decline in over-the-road transactions due to freight market conditions. WEX Inc. WEX delivered better-than-expected first-quarter . Fleet fuel cards have many impactful benefits like data-tracking capabilities and more. Yes. Prev Next There seems to be some ongoing spot rate stabilization in the freight industry, but we're expecting these kind of rates going forward. No. Payment processing transactions were up 4% year-over-year. This was led by continued growth in the partner channel. Yes. The Fleet Solutions segment . PDF Commonly Asked Questions Regarding The WEX Health Card - Benefit Extras Your next question comes from the line of Ramsey El-Assal with Barclays. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions.

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