Detail akcie WEX Inc, Ordinary, New York Consolidated online

Business Summary: WEX Inc. provides a global commerce platform, which simplifies the business of running a business. The Company has three segments: Mobility, Benefits and Corporate Payments. Its Mobility segment provides payment solutions, transaction processing, and information management services to a diverse customer base globally. Its Benefits segment simplifies employee benefit plan administration through Software as a service (SaaS) software integrated with payment solutions, delivering diverse product offerings including Benefit Administration, HSAs, FSAs, HRAs, COBRA and Direct Billing and compliance administration. Its Corporate Payments segment delivers global B2B payment solutions, including its Direct to Corporate solution that integrates with ERPs and accounting workflows to maximize virtual payment usage, and its Embedded Payments solution that integrates virtual payment capabilities into existing workflows for a range of industries, including online travel.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, WEX Inc revenues increased 3% to $2.63B. Net income increased 16% to $309.6M. Revenues reflect Benefits segment increase of 11% to $739.6M, Mobility segment increase of 1% to $1.4B, United States segment increase of 4% to $2.29B. Net income benefited from Loss on extinguishment of Convertible No decrease from $70.1M (expense) to $0K.