When used in this earnings release, the words anticipate, believe, continue, could, estimate, expect, intend, may, plan, project, will and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. Benefits revenues of $164.9 million registered 36% year-over-year growth. Create your Watchlist to save your favorite quotes on Nasdaq.com. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. Currently, 35% of employers who use the WEX benefits platform provide an HSA contribution. CONDENSED CONSOLIDATED BALANCE SHEETS Taft-Hartley Gusto offers payroll, benefits and compliance capabilities. Our guidance assumes approximately 45.2 million fully diluted shares outstanding for the full year. Total net revenue for the first quarter of 2023 increased 18% to $612.0 million from $517.5 million for the first quarter of 2022. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. Entry-level set up fee? Reconciliation of GAAP Operating Income to Total Segment Adjusted Operating Income and Adjusted Operating Income, Acquisition-related intangible amortization. To learn more, click here. As a user of WEX, I set up my account online, set up my Health Savings Account and commuter benefits account after open enrollment, received and activated a debit card to use for my Health Savings Account and commuter benefits account, viewed account statements, and made investment decisions for my HSA. Tax savings. 3910 Keswick Rd., Suite N2600, Baltimore, MD. Initial roll out of member cards could be delivered earlier. We believe this is a useful measure for investors to further evaluate the results of operations. Average HSA custodial cash assets in the first quarter of 2023 were $3,676 million which is 25% higher than $2,950 million a year ago. Their support team is also not helpful, as getting the information I needed to complete my taxes for my HSA proved to be very difficult. Offered employees educational content about HSAs, FSAs, etc. In contrast, the expense associated with an equity-based award is generally unrelated to the amount of cash ultimately received by the employee, and the cost to the Company is based on a stock-based compensation valuation methodology and underlying assumptions that may vary over time; Other costs are not consistently occurring and do not reflect expected future operating expense, nor do they provide insight into the fundamentals of current or past operations of our business. We reported strong results in the first quarter, exceeding our expectations for revenue and adjusted net income attributable to shareholders, with strength across our ecosystem of solutions, said Melissa Smith, WEXs Chair, Chief Executive Officer, and President. You could save money by investing in benefits and wellness to reduce employee turnover. We use WEX Health for our employees HSA, FSA and COBRA accounts and tracking. EFXs adjusted earnings came in at $1.43, beating the consensus mark by 4.4% but declining 35.6% from the year-ago figure. Our wide market share allows WEX to provide insight like this across the benefits administration landscape. WEX Benefits Login Simply select your account type below and you'll be sent to the login page for your Benefits account. Benefits revenues of $164.9 million registered 36% year-over-year growth. Any statements in this earnings release that are not statements of historical facts are forward-looking statements.
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