Skip to content. Revenue for the first quarter came in at $7 million, above the midpoint of our guidance, and adjusted net income per share beat the midpoint of our guidance by $0.11. Focusing on diversity also means focusing on inclusion. WEX Company Profile - Office Locations, Competitors, Revenue - Craft The custodial revenue from the invested HSA cash deposits is the primary driver of the increase in margin. Yes. Revenue from travel-related customers was up 87% versus Q1 2022. If you already use the app, just log in with your existing username and password. The CDs, it's interesting, even in '08 when there was a real freeze in the banking marketplace, people moved money into the CD market, and so it's a really stable source of funding. We have hundreds of customers that are using the product. WEX | ADP Marketplace (866) 451-3399. srehr@discoverybenefits.com. Yes. We saw higher rates earned from a number of merchants due to renewals at favorable terms, the impact of interest rate escalator clauses contained in various merchant contracts and the rate impact from a reduction in fuel prices versus Q4. Next, let me turn to our operational improvement. Should we think about that as being the predominant sequential change in that yield? And the team is focused on each of those areas.So when we talk about that segment, kind of the long-term growth rate that we've had for that segment is 10% to 15%. I would also like to remind you that we will discuss forward-looking statements under the Private Securities Litigation Reform Act of 1995. We've also had some renewals come through, and we've been very pleased with the renewal rates we're getting, which has been up in certain cases, which also drove the higher interchange rate.There was really -- the onetime item in the quarter was really market movement in Europe, which was worth about 4 basis points of that interchange rate. I mean for a good reason, you're prioritizing electric vehicles. And we have made changes with our credit approval processes, both for the over-the-road business and our traditional retail business, to tighten credit standards in keeping with this idea that we're anticipating or planning for a slow-growth environment in the second half of the year. A lot of focus that we've had has been on building out digital capability, and we've talked about that a lot over the last couple of years.
The Room Vr Stained Glass Puzzle,
Be Well Sharecare Shbp,
American Traditions Borrowed From Other Cultures,
Rochester Greyhound Stadium,
Clubs At The Continent Columbus Ohio,
Articles W
