WEX Inc 2024年度报告

About WEX WEX is a leading provider of industry-tailored solutions,powered by payment intelligence and workflowoptimization, that simplify the business of running abusiness. Put simply, WEX helps its customers save time,build confidence, and drive growth. Dear fellow stockholders 2024was a year of measurable progress andinnovation at WEX. Guided by our purpose ofsimplifying the business of running a business,we continued delivering industry-tailored solutionspowered by payment intelligence and workflowoptimization for our customers and partners acrossthe globe. national diesel discounts to truckers and independentowner-operators – benefits traditionally reserved forlarger enterprises. We also launched flexible fundingcapabilities for Corporate Payments customers in theEuropean market, enhancing their ability to manageworking capital needs. Across our solutions, our focusremains on helping customers reduce costs, makeconfident decisions, and grow their businesses. Financial PerformanceIn 2024, WEX achievedsolid financial results despite headwinds from fuelprices and foreign exchange rates. We deliveredrecord revenue for the year of $2.6 billion, a 3%increase from 2023, driven by the strength of ourdiversified portfolio of payment solutions and theongoing expansion of our digital offerings. Acrossthe company, we processed more than $231 billion involume during the year. Artificial Intelligence (AI) Artificial intelligence continues to be a core enablerof innovation at WEX, helping us increase efficiencyand elevate customer experiences. In 2024, we beganpiloting our Benefit Assistant offering, an AI-poweredresource that provides individuals with easy-to-access, tailored support in navigating the often-complex process of selecting employee benefits. Wealso used predictive analytics to deliver personalized,targeted messaging to HSA account holders,empowering smarter healthcare savings. For the full year, net income attributable toshareholders was $7.50 per diluted share, a 22%increase versus the prior year. Adjusted earnings pershare rose 3% to $15.28, driven by share buybacks,improved operating efficiencies, and disciplined costmanagement. Our strong cash generation enabled usto repurchase approximately $650 million of stock in2024. In total, through 2024 we have returned $1.2billion to shareholders via share repurchases since2022, underscoring our confidence in the strengthand resilience of our business. Importantly, we trained 100% of our managementteam on the use of AI. We are already seeing thebenefits of AI investments through accretiveproductivity gains. Across the company we continuedto build our AI capabilities as an important accelerantfor operational efficiency and growth for each of oursegments. These advancements are just thebeginning. As we continue to embed AI across WEX,we are focused on optimizing operations, enhancingdecision-making, and unlocking long-term value forour stakeholders. Key Strategic MilestonesThroughout theyear, we remained highly focused on strengtheningour competitive position, winning new business,retaining key customers, and driving innovation.Highlights include: Sales and Marketing Precision In 2024, we sharpened our go-to-market strategy byinvesting in more targeted and data-driven sales andmarketing efforts. By leveraging advanced analytics andlifetime value to customer acquisition cost (LTV to CAC)metrics, we have improved how we allocate resourcesacross channels and segments. These investments arealready driving stronger acquisition and retention — andwe expect returns to build over time. Product Innovation Customer-driven innovation remains central to ourstrategy. Last year, we introduced new productsdesigned to expand our recurring revenue streamsand increase our addressable markets. Among themwas 10-4 by WEX™, a mobile-first platform offering At the same time, we are focused on acceleratingproduct innovation to meet evolving customer needsand unlock new revenue streams, while continuing toincrease our innovation velocity through customer-centered design and a strong foundation in paymentsand technology. Sustainability Initiatives WEX remains committed to supporting the mixed-fleet transition and helping customers meet theirsustainability goals. In 2024, we launched WEX EVAt-Home, an innovative solution that enablesemployers to directly reimburse employees for theirat-home EV charging activity. We also acquiredSawatch Labs, enhancing our fleet optimizationcapabilities with advanced predictive EV analytics.This technology deepens our existing data-driveninsights, enabling customers to determine the rightmix of electric and internal combustion engine (ICE)vehicles, manage costs, plan infrastructure, andoptimize fleet efficiency. These capabilities furtherbuild on the strength of our proprietary closed-looppayments network, which covers approximately80% of EV charging locations in the United States.More broadly, we remain committed to evolving oursustaina