- Adjusted EPS exceeded guidance due to higher-than-expected fuel prices and cost management, including headcount control.
- Adjusted net income per diluted share was $3.95, up 1% year-over-year and 8% excluding fuel price and FX impacts.
- Benefits segment revenue rose 8.5% year-over-year to $195.1 million, with 6% SaaS account growth and 7% HSA account growth.
- Corporate Payments revenue declined 11.8% year-over-year, impacted by a large customer transition.
- Custodial investment revenue in Benefits rose 11.4% to $57.8 million, with steady interest yields.
- Direct AP volume grew over 25% year-over-year, marking the third consecutive quarter of such growth.
- Mobility segment revenue declined 3.7% year-over-year, including a 4.2% drag from fuel prices and FX.
- Payment processing rate in Mobility increased 2 basis points to 1.31%.
- WEX reported Q2 revenue of $659.6 million, down 2.1% year-over-year, but flat excluding fuel price and FX impacts.
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