WEX Inc. Q3 2024 10-Q Filing Released
Ticker: WEX · Form: 10-Q · Filed: 2024-10-24T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, revenue
TL;DR
WEX Inc. 10-Q filed: Q3 2024 revenue figures for Payment Processing, Account Servicing, and Finance Fees are in. Check the numbers vs. last year.
AI Summary
WEX Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance across its Payment Processing, Account Servicing, and Finance Fee revenue segments for the third quarter and the first nine months of 2024, comparing them to the same periods in 2023. Specific revenue figures for these segments are provided, though the overall financial health and net income are not detailed in this excerpt.
Why It Matters
This filing provides investors with the latest financial performance data for WEX Inc., crucial for understanding revenue trends and making informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently indicate new or elevated risks.
Key Numbers
- Q3 2024 — Reporting Period (Third quarter financial performance)
- Nine Months 2024 — Reporting Period (Year-to-date financial performance)
- Payment Processing Revenue — Revenue Segment (Key business segment for WEX Inc.)
- Account Servicing Revenue — Revenue Segment (Key business segment for WEX Inc.)
- Finance Fee Revenue — Revenue Segment (Key business segment for WEX Inc.)
Key Players & Entities
- WEX Inc. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-10-24 (date) — Filing date
- 2024-07-01 (date) — Start of Q3 2024
- 2023-07-01 (date) — Start of Q3 2023
FAQ
What were WEX Inc.'s Payment Processing revenues for Q3 2024 compared to Q3 2023?
The filing indicates revenue figures for WEX Inc.'s Payment Processing segment for Q3 2024 (July 1, 2024 - September 30, 2024) and Q3 2023 (July 1, 2023 - September 30, 2023), but the specific dollar amounts are not provided in this excerpt.
How did WEX Inc.'s Account Servicing revenues perform in the first nine months of 2024 versus 2023?
The 10-Q filing covers the first nine months of 2024 (January 1, 2024 - September 30, 2024) and 2023 (January 1, 2023 - September 30, 2023) for Account Servicing Revenue, with specific figures to be found within the full document.
What is the fiscal year end for WEX Inc.?
WEX Inc.'s fiscal year ends on December 31st, as indicated in the filing.
When was WEX Inc. previously known as Wright Express Corp?
WEX Inc. was formerly known as Wright Express Corp, with a date of name change noted as November 18, 2004.
What is the primary business address for WEX Inc.?
The primary business address for WEX Inc. is 1 Hancock Street, Portland, Maine, 04101.
From the Filing
0001309108-24-000201.txt : 20241024 0001309108-24-000201.hdr.sgml : 20241024 20241024141800 ACCESSION NUMBER: 0001309108-24-000201 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 96 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241024 DATE AS OF CHANGE: 20241024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEX Inc. CENTRAL INDEX KEY: 0001309108 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 010526993 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-32426 FILM NUMBER: 241392168 BUSINESS ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 BUSINESS PHONE: (207) 773-8171 MAIL ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 FORMER COMPANY: FORMER CONFORMED NAME: Wright Express CORP DATE OF NAME CHANGE: 20041118 10-Q 1 wex-20240930.htm 10-Q wex-20240930 0001309108 12/31 2024 Q3 FALSE 3 3 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure wex:transaction iso4217:EUR iso4217:AUD wex:investmentPosition wex:segment 0001309108 2024-01-01 2024-09-30 0001309108 2024-10-18 0001309108 wex:PaymentProcessingRevenueMember 2024-07-01 2024-09-30 0001309108 wex:PaymentProcessingRevenueMember 2023-07-01 2023-09-30 0001309108 wex:PaymentProcessingRevenueMember 2024-01-01 2024-09-30 0001309108 wex:PaymentProcessingRevenueMember 2023-01-01 2023-09-30 0001309108 wex:AccountServicingRevenueMember 2024-07-01 2024-09-30 0001309108 wex:AccountServicingRevenueMember 2023-07-01 2023-09-30 0001309108 wex:AccountServicingRevenueMember 2024-01-01 2024-09-30 0001309108 wex:AccountServicingRevenueMember 2023-01-01 2023-09-30 0001309108 wex:FinanceFeeRevenueMember 2024-07-01 2024-09-30 0001309108 wex:FinanceFeeRevenueMember 2023-07-01 2023-09-30 0001309108 wex:FinanceFeeRevenueMember 2024-01-01 2024-09-30 0001309108 wex:FinanceFeeRevenueMember 2023-01-01 2023-09-30 0001309108 us-gaap:ProductAndServiceOtherMember 2024-07-01 2024-09-30 0001309108 us-gaap:ProductAndServiceOtherMember 2023-07-01 2023-09-30 0001309108 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-09-30 0001309108 us-gaap:ProductAndServiceOtherMember 2023-01-01 2023-09-30 0001309108 2024-07-01 2024-09-30 0001309108 2023-07-01 2023-09-30 0001309108 2023-01-01 2023-09-30 0001309108 2024-09-30 0001309108 2023-12-31 0001309108 us-gaap:CommonStockMember 2023-12-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001309108 us-gaap:RetainedEarningsMember 2023-12-31 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001309108 us-gaap:TreasuryStockCommonMember 2023-12-31 0001309108 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001309108 2024-01-01 2024-03-31 0001309108 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001309108 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001309108 us-gaap:CommonStockMember 2024-03-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001309108 us-gaap:RetainedEarningsMember 2024-03-31 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001309108 us-gaap:TreasuryStockCommonMember 2024-03-31 0001309108 2024-03-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0001309108 2024-04-01 2024-06-30 0001309108 us-gaap:TreasuryStockCommonMember 2024-04-01 2024-06-30 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0001309108 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0001309108 us-gaap:CommonStockMember 2024-06-30 0001309108 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001309108 us-gaap:RetainedEarningsMember 2024-06-30 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001309108 us-gaap:TreasuryStockCommon