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To that end, we were excited to expand our annual SPARK conference to bring together customers across the mobility, corporate payments, and benefits industries, showcasing how we can help companies simplify the business of running a business with data, payments, and digitization. WEX Inc.WEX delivered better-than-expected first-quarter 2023 results. Mobility payment processing transactions increased 4% from the first quarter of 2022 to 137.5 million. We were not at all confident in their administration or compliance of FSAs, HSAs, or COBRA. The raised range is above the Zacks Consensus Estimate of $13.79. Initial roll out of member cards could be delivered earlier. It's great to have all of our HSA, FSA and COBRA on one software. Were here to help your business succeed. WEX Case Study Adjusted operating income increased 13.4% to $230.1 million from the year-ago quarters $202.9 million. The exclusion of these items helps management compare changes in operating results between periods that might otherwise be obscured due to currency fluctuations; The change in fair value of contingent consideration, which is related to the acquisition of certain contractual rights to serve as custodian or sub-custodian to HSAs, is dependent upon changes in future interest rate assumptions and has no significant impact on the ongoing operations of the Company. Remember Me Next New User? TheStreet upgraded shares of WEX from a "c" rating to a "b-" rating in a . Benefits revenues of $164.9 million registered 36% year-over-year growth. These returns cover a period from January 1, 1988 through April 3, 2023. Our payments platform technologies give you everything you need to run an advanced payments program in one place, including the expertise to make payments smarter, faster, and more profitable. Employers Copy and paste multiple symbols separated by spaces. Anyway, kept getting emails periodically and decided to register and view my account finally. (unaudited), Securitized accounts receivable, restricted, Prepaid expenses and other current assets, Property, equipment and capitalized software, Accrued expenses and other current liabilities, Total liabilities and stockholders equity, WEX INC. You'll notice changes in brand name and logos to the online account and mobile app, including where you go to log in. The midpoint of the guided range is the same as the Zacks Consensus Estimate of $3.50. The Company does not allocate certain corporate expenses to our operating segments, as these items are centrally controlled and are not directly attributable to any reportable segment. A wealth of resources for individual investors is available at www.zacks.com. Benefits revenues of $164.9 million registered 36% year-over-year growth. The average number of vehicles serviced was around 18.7 million, up 9% from the year-ago quarters figure. The Fleet Solutions segment will now be renamed to Mobility, the Travel and Corporate Solutions segment will now be renamed to Corporate Payments, and the Health and Employee Benefits Solutions segment will now be renamed to Benefits.