WEX公司2025年季度报告

Indicate by check mark whether the registrant is a shell company (as defined in Rule12b–2 of the Exchange Act).☐Yes☒No PARTI—FINANCIAL INFORMATION Condensed Consolidated Statements of Operations for theThree andSixMonths EndedJune 30, 2025 and 2024 PARTII—OTHER INFORMATION Legal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsOtherExhibits recession, the impact of tariffs or international trade wars, increasing unemployment, and declining consumer confidence, whichmay lead to, among other things, a decline or stagnation in demand for fuel, corporate payment services, travel related services, or employee benefits related products and services;·the failure to comply with the applicable requirements of Mastercard or Visa contracts and rules; ·the impact and size of credit losses, including fraud losses, and other adverse effects if the Company fails to adequately assess andmonitor credit risk or fraudulent use of our payment cards or systems; ·the impact of changes to the Company’s credit standards;·limitations on, or compression of, interchange fees;·the effect of adverse financial conditions affecting the banking system;·the impact of increasing scrutiny with respect to our environmental, social and governance practices;·failure to implement new technologies and products;·the failure to realize or sustain the expected benefits from our cost and organizational operational efficienciesinitiatives; completed;·the failure to achieve commercial and financial benefits as a result of our strategic minority equity investments; our operations outside the United States;·the failure to adequately safeguard custodial HSA assets;·the incurrence of impairment charges if the Company’s assessment of the fair value of certain of its reporting unitschanges; make payments to WEX Inc.;·the impact of the Company’s debt instruments on the Company’s operations; ·the impact of increased leverage on the Company’s operations, results or borrowing capacity generally; ·our ability to achieve our capital allocation priorities; ·changes in interest rates, including those which we must pay for our deposits, those which we earn on our investment securities, and the resultant potential impacts to our debt securities subject to early call provisions; ·the ability to refinance certain indebtedness or obtain additional financing; ·the impact from breaches of, or other issues with, the Company’s technology systems or those of its third-party service providers and any resulting negative impact on the Company’s reputation, liabilities or relationships with customers or merchants; ·the impact of any disruption to the technology and electronic communications networks we rely on; ·the ability to adopt, implement and use artificial intelligence technologies across our business successfully and ethically; ·the failure to repurchase shares at favorable prices, if at all; ·the impact of provisions in our charter documents, Delaware law and applicable banking laws that may delay or prevent our ·other risks and uncertainties identified in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December be placed on these statements. We disclaim any obligation to update any forward-looking statements as a result of new information,future events or otherwise. 4 ACRONYMS AND ABBREVIATIONSThe acronyms and abbreviations identified below are used in this Quarterly Report, including the condensed consolidated financialstatements and the notes thereto. The following is provided to aid the reader and provide a reference point when reviewing this Quarterly Report.A&R 2019 PlanThe Company’s Amended and Restated 2019 Equity and Incentive Plan, as amended on May 15, 2025. Accounting Standards UpdateAverage number ofSaaSaccountsRepresents the average number of active consumer-directed health, COBRA, and billing accounts on ourSaaS platforms. HSA accounts for which WEX Inc. serves as the non-bank custodian under designation by the U.S. Department of Treasury are included in this average.Business-to-Business Net income per share:Basic$Diluted$Weighted average common shares outstanding:Basic See notes to the unaudited condensed consolidated financial statements. WEX INC. NOTES TO CONDENSED CONSOLIDATED The accompanying condensed consolidated financial statements, which include the accounts of WEX Inc. and its subsidiaries, have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10–Q and Rule10–01 ofRegulationS–X. Accordingly, they exclude certain disclosures required by GAAP for a complete set of financial statements. Unless thecontext suggests otherwise, references in this Quarterly Report on Form 10-Q to “WEX,” the “Company,” “we” or “our” referto WEX Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. indicative of the results for any future periods or the year ending December