Name | Value |
---|---|
Revenues | 618.6M |
Cost of Revenue | 251.8M |
Gross Profit | 366.8M |
Operating Expense | 211.6M |
Operating I/L | 155.1M |
Other Income/Expense | -30.7M |
Interest Income | 0.0M |
Pretax | 124.5M |
Income Tax Expense | 35.8M |
Net Income/Loss | 88.7M |
WEX Inc. provides financial technology services globally through its Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions segments. The Fleet Solutions segment offers fleet vehicle payment processing services, including customer and account activation, credit and collections services, and analytics solutions. The Travel and Corporate Solutions segment provides payment solutions and accounts payable automation, while the Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms. The company generates revenue by offering payment processing, virtual cards, and healthcare payment products to commercial and government organizations, as well as through co-branded and private label relationships.