WEX Inc. Q1 2025 10-Q Filing Released
Ticker: WEX · Form: 10-Q · Filed: 2025-05-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
WEX Inc. Q1 2025 10-Q is in: financials updated, business as usual.
AI Summary
WEX Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial metrics and segment revenues are presented, reflecting the company's ongoing business activities.
Why It Matters
This filing provides investors and analysts with the latest financial snapshot of WEX Inc., crucial for understanding the company's performance and making informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 2025-03-31 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2025-01-01 — Reporting Period Start Date (Indicates the start of the financial quarter being reported.)
Key Players & Entities
- WEX Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of the reporting period
- 20250501 (date) — Date of filing
- 1 HANCOCK STREET, PORTLAND, ME 04101 (address) — Company's business and mailing address
FAQ
What were the key revenue segments for WEX Inc. in Q1 2025?
The filing references revenue from Payment Processing, Account Servicing, and Finance Fee segments for Q1 2025.
What is the fiscal year end for WEX Inc.?
WEX Inc.'s fiscal year ends on December 31st.
When was WEX Inc. formerly known as Wright Express Corp?
The company changed its name from Wright Express Corp on November 18, 2004.
What is the SEC file number for WEX Inc.?
The SEC file number for WEX Inc. is 001-32426.
What is the primary business address of WEX Inc.?
The primary business address is 1 Hancock Street, Portland, ME 04101.
From the Filing
0001309108-25-000087.txt : 20250501 0001309108-25-000087.hdr.sgml : 20250501 20250501135020 ACCESSION NUMBER: 0001309108-25-000087 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 450 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250501 DATE AS OF CHANGE: 20250501 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 EIN: 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: 25901808 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-20250331.htm 10-Q wex-20250331 0001309108 12/31 2025 Q1 FALSE 9 9 9 1 1 1 1 1 1 1 1 1 1 1 1 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:EUR iso4217:AUD wex:investmentPosition wex:segment 0001309108 2025-01-01 2025-03-31 0001309108 2025-04-24 0001309108 wex:PaymentProcessingRevenueMember 2025-01-01 2025-03-31 0001309108 wex:PaymentProcessingRevenueMember 2024-01-01 2024-03-31 0001309108 wex:AccountServicingRevenueMember 2025-01-01 2025-03-31 0001309108 wex:AccountServicingRevenueMember 2024-01-01 2024-03-31 0001309108 wex:FinanceFeeRevenueMember 2025-01-01 2025-03-31 0001309108 wex:FinanceFeeRevenueMember 2024-01-01 2024-03-31 0001309108 us-gaap:ProductAndServiceOtherMember 2025-01-01 2025-03-31 0001309108 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-03-31 0001309108 2024-01-01 2024-03-31 0001309108 2025-03-31 0001309108 2024-12-31 0001309108 us-gaap:CommonStockMember 2024-12-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001309108 us-gaap:RetainedEarningsMember 2024-12-31 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001309108 us-gaap:TreasuryStockCommonMember 2024-12-31 0001309108 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001309108 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001309108 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001309108 us-gaap:CommonStockMember 2025-03-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001309108 us-gaap:RetainedEarningsMember 2025-03-31 0001309108 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001309108 us-gaap:TreasuryStockCommonMember 2025-03-31 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 2023-12-31 0001309108 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001309108 us-gaap:AdditionalPaidInCapitalMember 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 wex:PaymentProcessingRevenueMember wex:MobilitySegmentMember 2025-01-01 2025-03-31 0001309108 wex:PaymentProcessingRevenueMember wex:CorporatePaymentsSegmentMember 2025-01-01 2025-03-31 0001309108 wex:PaymentProcessingRevenueMember wex:BenefitsSegmentMember 2025-01-01 2025-03-31 0001309108 wex