ADDED
There were 34,310,618 shares of the registrant s common stock outstanding as of February 6, 2026.
The following is provided to aid the reader and provide a reference point when reviewing the Annual Report: 2017 Tax Act Tax Cuts and Jobs Act of 2017 A R 2019 Plan The Company s Amended and Restated 2019 Equity and Incentive Plan, as amended on May 15, 2025.
Adjusted free cash flow A non-GAAP measure calculated as cash flows from operating activities, adjusted for net purchases of current investment securities, capital expenditures, net Funding Activity, changes in WEX Bank cash balances, and certain other adjustments.
CDH Consumer-directed healthcare CFPB Consumer Financial Protection Bureau Closed-loop Refers to proprietary, private payment networks, and transactions processed thereon, in which the card issuer, payment processor and merchant network are all part of the same system.
GAAP Generally Accepted Accounting Principles in the United States GILTI Global Intangible Low Taxed Income GPCM Guideline Public Company Method of valuation GPCs Guideline Public Companies HRA Health Reimbursement Arrangements HSA Health Savings Account HSA Yield HSA Yield is calculated by dividing total custodial investment revenue by average HSA custodial cash assets.
ICE Internal Combustion Engine Indenture The indenture dated as of March 6, 2025, among the Company, the subsidiary guarantors party thereto and Citibank, N.A., as trustee, which governs the Senior Notes.
MSUs Market share units NAV Net Asset Value Net interchange rate Represents the percentage of the dollar value of each payment processing transaction that WEX records as revenue from merchants, less certain discounts given to customers and network fees.
NYSE New York Stock Exchange OBBBA A budget and reconciliation package known as the One Big Beautiful Bill Act, signed into law on July 4, 2025.
OFAC The United States Treasury s Office of Foreign Assets Control OID Original issue discount Open-loop Refers to third-party payment networks (i.e., Visa and Mastercard), and transactions processed thereon, where consumers use standard credit/debt cards or digital wallets and multiple intermediaries handle the transaction.
Operating cash flow Net cash provided by (used for) operating activities.
REMOVED
There were 38,815,490 shares of the registrant s common stock outstanding as of February 13, 2025.
The following is provided to aid the reader and provide a reference point when reviewing the Annual Report: 2017 Tax Act Tax Cuts and Jobs Act of 2017 Adjusted free cash flow A non-GAAP measure calculated as cash flows from operating activities, adjusted for net purchases of current investment securities, capital expenditures, net Funding Activity, changes in WEX Bank cash balances and certain other adjustments.
B2B Business-to-Business benefitexpress Benefit Express Services, LLC, a provider of highly configurable, cloud-based benefits administration technologies and services, and its indirect and direct parents, which were acquired on June 1, 2021 and merged into WEX Health, Inc.
CDH Consumer directed healthcare CFPB Consumer Financial Protection Bureau CODM Chief Operating Decision Maker Company WEX Inc.
COVID-19 An infectious disease caused by the SARS-CoV-2 coronavirus.
The World Health Organization declared the coronavirus outbreak a global pandemic on March 11, 2020.
EFS Electronic Funds Source, LLC, a provider of customized corporate payment solutions for fleet and corporate customers with a focus on large and mid-sized over-the-road fleets.
GAAP Generally Accepted Accounting Principles in the United States GILTI Global Intangible Low Taxed Income GPCM Guideline Public Company Method of valuation GPCs Guideline Public Companies HRA Health Reimbursement Arrangements HSA Health Savings Account ICE Internal Combustion Engine MSUs Market share units NAV Net Asset Value Net interchange rate Represents the percentage of the dollar value of each payment processing transaction that WEX records as revenue from merchants, less certain discounts given to customers and network fees.
NYSE New York Stock Exchange OFAC The United States Treasury s Office of Foreign Assets Control Operating cash flow Net cash provided by (used for) operating activities Operating interest Interest expense incurred on the operating debt obtained to provide liquidity for the Company s short-term receivables or used for investing purposes in fixed income debt securities.
PBRSUs Performance-based restricted stock units PO Holding PO Holding, LLC, a wholly-owned subsidiary of WEX Inc.