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I think this could help us determine that the employee is correctly using the funds at the correct locations. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The adjusted operating income margin was 37.6%, down 160 basis points year over year. WEX Q1 Earnings and Revenues Beat Estimates, Increase Y/Y The Company's non-GAAP adjusted operating income excludes acquisition-related intangible amortization, other acquisition and divestiture related items, stock-based compensation, and other costs. Recruiting and retention tools. What if additional documentation is required? Benefits revenues of $164.9 million registered 36% year-over-year growth. Well administer HSAs, FSAs, COBRA, and more on your behalf. Benefits revenues of $164.9 million registered 36% year-over-year growth. The monthly returns are then compounded to arrive at the annual return. Written by How does your program . WEX enables businesses to run a modern B2B payments program to maximize efficiencies, save money, and help unlock the full revenue potential of digital payments. Client services. Focusing on diversity also means focusing on inclusion. Taft-Hartley Employees can save on hundreds of eligible healthcare expenses, like over-the-counter medications, routine healthcare visits, eyeglasses, contact lenses, sunscreen, and more. WEX benefits platform VISIT PROFILE Pricing Not provided by vendor View Pricing Guide with similar products Free Trial Free Version SEE ALL PRICING Starting from $ 1.15 /Per-Month Pricing Model: Flat Rate Free Trial Free Version SEE ALL PRICING Best for 501-1000+ users The WEX Benefits platform helps employers with tracking bonus payments and settlements, automating layoffs and elections, managing employee questions and issues in the COBRA Employer Portal. WEX COBRA Account Login For Benefits New users can create a new account to get started. For example, a cash salary generally has a fixed and unvarying cash cost. Healthcare support. Benefitsolver vs WEX benefits platform 2023 - Feature and Pricing It can be easy to get caught up in a routine or a silo at WEX, but NexGen has given me the opportunity to connect with people in other functional areas that I otherwise would have never met.. Participants Accounts HSA, FSA, HRA/Wellness & Commuter WexBocaLink.setUrl("locations-flyout", "WEXFleetUniversal", "cc1"); WEX helps you save money on fuel and manage all your fleet needs, including both ICE and EV vehicles. WEX service and relationship managers are dedicated to helping partners and employers at all stages, including efficient onboarding, product launch, business growth, employee education and engagement, and more. Additionally, the non-cash, mark-to-market adjustments on financial instruments are difficult to forecast accurately, making comparisons across historical and future quarters difficult to evaluate; Net foreign currency gains and losses primarily result from the remeasurement to functional currency of cash, accounts receivable and accounts payable balances, certain intercompany notes denominated in foreign currencies and any gain or loss on foreign currency economic hedges relating to these items. You can seethe complete list of todays Zacks #1 (Strong Buy) Rank stocks here. I would like to see where exactly the employees spent their HSA funds. However, because adjusted net income attributable to shareholders, adjusted operating income and total segment adjusted operating income are non-GAAP measures, they should not be considered as a substitute for, or superior to, net income, operating income or cash flows from operating activities as determined in accordance with GAAP. Employee Resource Groups are great because it gives everyone a voice regardless of origin and background. Please see Exhibit 1 for a reconciliation of cash flows from operating activities to this non-GAAP measure. WEX was formerly known as Discovery Benefits, LLC. ManpowerGroupMAN reported lower-than-expected first-quarter 2023 results. Looking for your Discovery Benefits Login? Pros and Cons of WEX Benefits 2023 - TrustRadius Zacks->. WEX Vets Match your military skills Make WEX your next career move At WEX, we recognize the true value of experience-acquired skills. WEX data shows that a contribution of as little as $50 or more by employers will encourage HSA participation by employees. The average number of vehicles serviced was around 18.7 million, up 9% from the year-ago quarters figure. New User. WEX Inc. WEX delivered better-than-expected . CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Revenues of $4.8 billion missed the consensus mark by 1.3% and our estimate by a slight margin. You retain service and administration while depending on our benefits platform. Total revenues of $3.4 billion surpassed the consensus estimate by 2.3% and our estimate by 1.4%. WEX Benefits | 15,040 followers on LinkedIn. If you do not, click Cancel. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS GAAP operating income margin for the first quarter of 2023 was 25.2% compared to 23.6% for the prior year comparable period. Our easy-to-use APIs in our developer portal give you access to the most complete embedded payment platforms and fintech offerings. Currently, 35% of employers who use the WEX benefits platform provide an HSA contribution. See Exhibit 5 for information on the calculation of adjusted operating income margin. You can seethe complete list of todays Zacks #1 (Strong Buy) Rank stocks here.