The company is headquartered in Portland, Maine [2] [3] and provides services in the United States, Canada, South America, Europe, Asia, and Australia . Your next question comes from the line of Ramsey El-Assal with Barclays. Revenue growth of 18% and adjusted earnings per share growth of 15% this quarter represents the eighth consecutive quarter these metrics each grew 15% or more. How does it work? This furthers our goal of putting tools in the hands of drivers that simplify the process of determining where, when and how to charge. [Delinquencies here] also continued to improve. WEX is transforming the complexity of employee benefits administration with innovative solutions and extraordinary customer service delivered by empowered and knowledgeable employees. The CDs, it's interesting, even in '08 when there was a real freeze in the banking marketplace, people moved money into the CD market, and so it's a really stable source of funding. Is there a change to where I mail my COBRA premiums and can I continue to use my current COBRA/retiree premium payment coupons? I think that was about $5 million. Purchase volume issued by WEX was $18.6 billion, which was an increase of 58% versus last year. The leverage ratio, as defined in the credit agreement, stands at 2.5x, which is at the bottom end of our long-term target of 2.5 to 3.5x. I guess, is probably the way I'd say it as opposed to -- I don't think you can feel like we're done. Some of that will impact 2024. We have allowed these results to flow through to our guidance increase for the year while largely maintaining our previous guidance for the remainder of the year. Do you feel like you have the capabilities internally at this point that you need to grow that direct business? WEX offers complete benefits administration, including benefits accounts such as HSAs, FSAs, HRAs, LSAs, COBRA, and more | Set your business free by . Language links are at the top of the page across from the title. . That's brought down both the number of instances on which we factor the number of invoices as well as the average dollars per invoice. Fill up company vehicles anywhere. 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. We signed one of the largest administrators of multiemployer benefit funds in the Midwest. Yes. 211 reviews from WEX Inc. employees about WEX Inc. culture, salaries, benefits, work-life balance, management, job security, and more. The local fleet customers in the U.S. continue to have marginally elevated loss rates compared to the last couple of years but are in a relatively normal range. With that, I'll turn it over to Jagtar to walk you through this quarter's financial performance in more detail. They encourage questions and curiosity. Yes. While we may update forward-looking statements in the future, we disclaim any obligations to do so. Fraud losses in the segment, which we've spoken about a bit in prior quarters, were down 39% from Q4 of last year and continued to improve. WEX - Remote Work From Home Jobs & Careers | FlexJobs The majority pay is between $82,985 to $107,380 per year. And we've started ramping salespeople. WEX (NYSE: WEX) is a leading financial technology service provider. And so the growth with movement to HSAs has slowed, but it is still a strong grower. Is it in Benefits? This company is wonderful great pay great benefits and you are treated as a person as opposed to a number. Skip to content. During the quarter, we repurchased approximately 525,000 shares of WEX stock for roughly $93 million, resulting in a small EPS benefit in the quarter. Retirement and Stock Option Benefits. When we've talked about the long-term growth rate of that being 15% to 20%, a piece of that comes from this continued shift to consumer-directed health care. Since 1987, WEX Benefits has been in the business of simplifying the administration of HSAs, FSAs, HRAs, Commuter Benefits, COBRA and more with innovative technology solutions. I assume just the natural progression is not going to stay quite that strong. The company has more than 3,500 team members throughout the world and supports more than 20 currencies and 10 countries, with locations in Asia, Japan, Australia, Europe, and Latin America.

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