All rights reserved. For the portions of our business that earn revenue based on margin spreads, revenue was adjusted to the comparable margin from the prior year, net of non-controlling interests and applicable taxes. WEX Engaged Employer Overview 750 Reviews 214 Jobs 1.3K Salaries 109 Interviews 315 Benefits 4 Photos 305 Diversity + Add a Review WEX Employee Reviews about "benefit" Updated Apr 24, 2023 Search Reviews Clear All Full-time, Part-time English Filter Found 157 of over 751 reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Note that the login experience for COBRA and direct bill participants will not change on Feb. 26. Were here to help your business succeed. Global commerce platform simplifying business complexity | WEX Inc. We used multiple vendors and our employees a variety of vendors and banks they could set up their accounts with. Discovery Benefits is now WEX - WEX Benefits You Revenues of $4.8 billion missed the consensus mark by 1.3% and our estimate by a slight margin. Find the right solution, Benefits partners 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. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. This allows us to see the company through a different lens or perspective than we normally would. You also can use live chat or search hundreds of help articles directly from your online account. About WEX Powered by the belief that complex payment systems can be made simple, WEX is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel, and healthcare. WexLocationCode.setTransientValue("wex02"); EPS increased 12.2% year over year. WEX Benefits Login Simply select your account type below and you'll be sent to the login page for your Benefits account. A wealth of resources for individual investors is available at www.zacks.com. . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Keep more of your money in your business, where it belongs.Apply for a fleet card today! Your WEX benefits debit card makes it easy to spend your funds on eligible expenses. (5) Net late fee rate represents late fee revenue as a percentage of fuel purchased by fleets that have a payment processing relationship with WEX. Adjusted free cash flow, which is a non-GAAP measure, is negative $61.4 million for the same period, which is typically seasonally low. The tables below show the impact of certain macro factors on reported revenue: To determine the impact of foreign exchange translation (FX) on revenue, revenue from entities whose functional currency is not denominated in U.S. dollars, as well as revenue from purchase volume transacted in non-U.S. denominated currencies, were translated using the weighted average exchange rates for the same period in the prior year, exclusive of revenue derived from acquisitions for one year following the acquisition dates. WEX Case Study Corporate Payments revenues of $104.8 million were up 36% year over year. During the first quarter of 2023 the Company repurchased approximately 525,000 shares of its stock for a total cost of approximately $93 million. Organisation ID. Financial institutions Total volume across all segments was $52.3 billion, an increase of 17% from the first quarter of 2022. For employees the WEX Flex benefit phone app was one of the best I have seen for this industry. Military veterans possess invaluable leadership skills and business acumen. Get the latest Health Trends & Insights news in your inbox. WEX offers technology and customized solutions that meet employers end-to-end benefits needs and power partners thriving benefits offerings. If used elsewhere, you may need to upload supporting documentation (depending on your benefits plan). Specifically, in addition to evaluating the Company's performance on a GAAP basis, management evaluates the Company's performance on a non-GAAP basis that excludes the items specified above for the reasons discussed below: For the same reasons, WEX believes that adjusted net income attributable to shareholders, adjusted operating income and total segment adjusted operating income may also be useful to investors when evaluating the Companys performance. ManpowerGroup Inc. (MAN) - free report >>, Omnicom Group Inc. (OMC) - free report >>. This page provides login buttons for accessing your online account along with helpful resources such as a benefits knowledge base, a link to current eligible expenses, and chat. Discovery Benefits | WEX Inc. Consultants/brokers I personally have been on the phone with their staff and was thoroughly impressed with their professionalism and empathy. WEX Health, Inc. | Complaints | Better Business Bureau Profile Adjustments to cash flows from operating activities: Adjusted for certain investing and financing activities: Less: Purchases of current investment securities, net of sales and maturities, Impact of Certain Macro Factors on Reported Revenue and Adjusted Net Income Attributable to Shareholders. To determine the impact of price per gallon of fuel (PPG) on revenue, revenue subject to changes in fuel prices was calculated based on the average retail price of fuel for the same period in the prior year for the portion of our business that earns revenue based on a percentage of fuel spend, exclusive of revenue derived from acquisitions for one year following the acquisition dates. The midpoint of the guided range is the same as the current Zacks Consensus Estimate of $2.47 billion. Benefits of AWS Built services that were instantly scalable and highly deliverable ManpowerGroup(MAN Quick QuoteMAN - Free Report) reported lower-than-expected first-quarter 2023 results. You can seethe complete list of todays Zacks #1 (Strong Buy) Rank stocks here. 3 reasons we see people flipping to a fuel card: Apply Now Real time prices by BATS. Offered employees educational content about HSAs, FSAs, etc. Healthcare support. Cash flows from operating activities through the first quarter of this year are $27.1 million. How does it work? Zacks Equity Research Username. WEX | Reset Password Today, you can download 7 Best Stocks for the Next 30 Days. WEX provides robust solutions for benefits administration, reimbursement accounts, and COBRA administration. If you are enrolled in a Total Rewards savings or spending account* through Discovery Benefits, Inc. (DBI), you have been notified that DBI is now known as WEX. If your needs fall somewhere in-between, weve got you covered. Corporate Payments purchase volume grew 58% to $18.6 billion from $11.8 billion in the first quarter of 2022. To determine the estimated adjusted net income attributable to shareholders impact of PPG, revenue and certain variable expenses impacted by changes in fuel prices were adjusted based on the average retail price of fuel for the same period in the prior year for the portion of our business that earns revenue based on a percentage of fuel spend, net of applicable taxes, exclusive of revenue and expenses derived from acquisitions for one year following the acquisition dates. WEX [has] offered better service and better technology, and they customized their solutions to adapt to our highly specific needs. For 2023, revenues are now expected between $2.45 billion and $2.49 billion compared with the previous expectation of $2.43-$2.47 billion. Invest By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.