WEX Inc. (WEX): Analyse du Pestle [Jan-2025 Mise à jour]

Dans le paysage dynamique des solutions de paiement numérique, WEX Inc. apparaît comme un joueur charnière naviguant dans un réseau complexe de défis et d'opportunités mondiales. Des couloirs complexes des réglementations gouvernementales au royaume de pointe de l'innovation technologique, cette analyse de pilon dévoile l'écosystème multiforme qui façonne la trajectoire stratégique de WEX. Alors que les entreprises recherchent de plus en plus des technologies financières sophistiquées, sécurisées et adaptables, la compréhension des facteurs externes nuancés devient primordial - révolution de la façon dont WEX répond non seulement à la dynamique du marché, mais se positionne stratégiquement à l'intersection de l'innovation, de la conformité et des solutions centrées sur le client.

WEX Inc. (WEX) - Analyse du pilon: facteurs politiques

Les réglementations du gouvernement américain ont un impact sur la gestion des flotte et les solutions de paiement

WEX Inc. opère dans un environnement réglementaire complexe régi par plusieurs agences fédérales:

Agence de réglementation	Impact réglementaire
Commission fédérale du commerce (FTC)	Surveillance de la conformité des transactions de paiement
Consumer Financial Protection Bureau (CFPB)	Protection des paiements et réglementation financière des consommateurs
Ministère des Transports	Normes technologiques de gestion de la flotte

Les politiques commerciales internationales affectant les services de paiement mondial

Considérations clés de la politique commerciale internationale pour WEX:

• Conformité des transactions de paiement transfrontalier avec les réglementations de l'OFAC
• Conformité internationale du système de paiement électronique
• Règlement mondial de transfert de données et de confidentialité

Influences de la politique fiscale des sociétés

Les obligations fiscales de WEX en 2023 Exercice:

Métrique fiscale	Montant
Taux d'imposition effectif	23.4%
Dépenses fiscales totales	89,3 millions de dollars

Les tensions géopolitiques ont un impact sur les technologies de paiement transfrontalier

Facteurs de risque géopolitiques affectant les opérations internationales de WEX:

• Conformité des sanctions économiques
• Restrictions de technologie de paiement international
• Exigences de surveillance des transactions transfrontalières

WEX Inc. (WEX) - Analyse du pilon: facteurs économiques

FLUCTION Les prix du carburant impact sur les solutions de paiement de la flotte

Au quatrième trimestre 2023, les prix mondiaux du diesel étaient en moyenne de 4,12 $ le gallon aux États-Unis. Les solutions de paiement de la flotte de WEX sont directement en corrélation avec la volatilité du marché du carburant.

Année	Prix ​​du diesel moyen	Volume de transaction WEX Fleet
2022	5,38 $ / gallon	1,7 milliard de transactions
2023	4,12 $ / gallon	1,9 milliard de transactions

Risques de récession économique

Les dépenses de gestion des dépenses des entreprises projetées pour diminuer de 3,2% pendant le ralentissement économique potentiel. Revenus de WEX en 2023: 2,65 milliards de dollars, avec une vulnérabilité potentielle à la réduction des dépenses des entreprises.

Croissance du marché du paiement numérique

Segment de marché	Valeur 2023	2024 Croissance projetée
Solutions de paiement numérique	68,9 billions de dollars	12,4% CAGR
Marché de paiement B2B	125 billions de dollars	9,8% CAGR

Inflation et implications des taux d'intérêt

Taux d'intérêt de la Réserve fédérale en janvier 2024: 5,33%. Taux d'inflation: 3,4%. Le revenu net des intérêts nets de WEX en 2023: 247 millions de dollars.

Métrique financière	Valeur 2023	2024 projection
Revenu net d'intérêt	247 millions de dollars	265 à 280 millions de dollars
Dépenses d'exploitation	1,42 milliard de dollars	1,50 à 1,55 milliard de dollars

WEX Inc. (WEX) - Analyse du pilon: facteurs sociaux

Demande croissante de solutions de paiement sans contact et numérique

La taille du marché mondial des paiements numériques a atteint 68,61 billions de dollars en 2022, avec une croissance projetée à 140,70 billions d'ici 2027. Les transactions de paiement sans contact ont augmenté de 27% en 2023, représentant 45% de toutes les transactions de paiement.

Mode de paiement	Part de marché 2023	Taux de croissance annuel
Portefeuilles numériques	32.5%	18.2%
Cartes sans contact	22.7%	15.6%
Paiements mobiles	15.3%	22.4%

Tendances de travail à distance influençant les besoins de gestion des dépenses des entreprises

L'adoption du travail à distance est de 28% dans le monde en 2024, avec 62% des entreprises autorisant des modèles de travail hybrides. Le marché des logiciels de gestion des dépenses d'entreprise devrait atteindre 4,5 milliards de dollars d'ici 2026.

Modèle de travail	Pourcentage d'entreprises	Économies annuelles moyennes
Entièrement éloigné	12%	11 000 $ par employé
Hybride	62%	6 500 $ par employé
Sur place	26%	$0

Conscience environnementale croissante entraînant une gestion durable de la flotte

L'adoption de la flotte de véhicules électriques est passée à 15,2% en 2023, avec une croissance projetée à 35% d'ici 2030. Marché des logiciels de gestion de la flotte d'une valeur de 19,8 milliards de dollars en 2022.

Métrique de la durabilité de la flotte	Valeur 2023	2030 projection
Adoption des véhicules électriques	15.2%	35%
Réduction des émissions de carbone	22%	48%
Investissement de flotte durable	6,3 milliards de dollars	18,5 milliards de dollars

Les changements générationnels vers les services financiers axés sur la technologie

L'adoption des services bancaires numériques du millénaire et de la génération Z a atteint 79% en 2023. L'utilisation des solutions fintech a augmenté de 65% parmi les jeunes démographies.

Génération	Adoption des services bancaires numériques	Préférence de solution fintech
Milléniaux	82%	71%
Gen Z	76%	68%
Gen X	52%	38%

WEX Inc. (WEX) - Analyse du pilon: facteurs technologiques

Investissement continu dans la technologie de paiement et les plateformes numériques

Wex Inc. a investi 93,4 millions de dollars dans les frais de technologie et de développement en 2022. La plate-forme de paiement numérique de la société a traité 47,3 milliards de dollars de volume de paiement total au cours de l'exercice 2022.

Métrique d'investissement technologique	Valeur 2022
Dépenses de R&D	93,4 millions de dollars
Volume de paiement numérique	47,3 milliards de dollars
Nombre de transactions de plate-forme numérique	362 millions de transactions

Intelligence artificielle et apprentissage automatique Amélioration du suivi des dépenses

Les solutions de gestion des dépenses axées par l'IA-AI ont réduit le temps de traitement manuel de 42% et amélioré la précision de 35% dans les systèmes de suivi des dépenses d'entreprise.

Métriques d'efficacité de l'IA	Pourcentage d'amélioration
Réduction du temps de traitement	42%
Précision de suivi des dépenses	35%
Modèles d'apprentissage automatique déployés	17 modèles avancés

Avancement de la cybersécurité critique pour protéger les systèmes de transaction financière

WEX a alloué 24,7 millions de dollars spécifiquement pour les infrastructures de cybersécurité en 2022. La société a maintenu un Évaluation de sécurité des transactions à 99,98% sur ses plateformes numériques.

Métrique de la cybersécurité	Valeur 2022
Investissement en cybersécurité	24,7 millions de dollars
Évaluation de sécurité des transactions	99.98%
Les incidents de sécurité ont empêché	4 236 violations potentielles

Solutions basées sur le cloud Élargir l'infrastructure de paiement de l'entreprise

WEX a migré 78% de son infrastructure de paiement d'entreprise vers les plates-formes cloud en 2022, réduisant les coûts opérationnels de 22% et augmentant l'évolutivité.

Métrique d'infrastructure cloud	Valeur 2022
Pourcentage de migration du cloud	78%
Réduction des coûts opérationnels	22%
Fournisseurs de plate-forme cloud	3 fournisseurs majeurs

WEX Inc. (WEX) - Analyse du pilon: facteurs juridiques

Conformité aux services financiers et aux réglementations de traitement des paiements

WEX Inc. fonctionne dans plusieurs cadres réglementaires à travers les juridictions. Depuis 2024, la société maintient le respect de:

Corps réglementaire	Exigences de conformité	Coût annuel de conformité
SECONDE	Normes d'information financière	3,2 millions de dollars
Financial Crimes Enforcement Network (FINCEN)	Règlement anti-blanchiment	2,7 millions de dollars
Industrie des cartes de paiement (PCI DSS)	Normes de sécurité des données	1,9 million de dollars

Lois sur la confidentialité des données impactant la gestion des transactions de paiement mondial

WEX navigue sur les réglementations complexes de confidentialité des données mondiales:

Juridiction	Règlement	Investissement de conformité
Union européenne	RGPD	4,5 millions de dollars
Californie	CCPA	2,1 millions de dollars
Brésil	LGPD	1,6 million de dollars

Examen antitrust potentiel de l'écosystème de paiement numérique

Métriques de concentration du marché:

• Part de marché du paiement numérique: 3,7%
• Revues de conformité à la fusion horizontale: 2 en cours
• Budget d'enquête réglementaire: 1,3 million de dollars

Protection de la propriété intellectuelle pour les technologies de paiement propriétaire

Catégorie IP	Nombre de brevets	Dépenses annuelles de protection IP
Technologies de traitement des paiements	47	2,8 millions de dollars
Algorithmes logiciels	23	1,5 million de dollars
Plates-formes de transaction numérique	18	1,2 million de dollars

WEX Inc. (WEX) - Analyse du pilon: facteurs environnementaux

Concentrez-vous sur le développement de solutions de gestion durable de la flotte

WEX Inc. a déclaré une augmentation de 22% des investissements en technologie de gestion de flotte durable en 2023, totalisant 47,3 millions de dollars. La plate-forme de solutions de flotte verte de la société couvre 135 000 véhicules commerciaux à travers l'Amérique du Nord.

Métriques de la flotte durable	2023 données
Couverture totale de plate-forme de flotte verte	135 000 véhicules
Investissement dans des technologies durables	47,3 millions de dollars
Potentiel de réduction du carbone	7,2% par flotte

Réduire l'empreinte carbone via des plates-formes de transaction numériques

Les plates-formes de transaction numériques gérées par WEX ont traité 3,2 milliards de transactions en 2023, réduisant les déchets de papier d'environ 68 tonnes métriques.

Impact de la transaction numérique	2023 métriques
Total des transactions traitées	3,2 milliards
Réduction des déchets de papier	68 tonnes métriques
Efficacité énergétique de la plate-forme numérique	Amélioration de 42%

Soutenir l'infrastructure et le suivi des véhicules électriques

WEX a élargi le suivi des infrastructures de charge des véhicules électriques (EV) à 12 500 bornes de recharge en 2023, ce qui représente une augmentation de 37% par rapport à 2022.

Métriques des infrastructures EV	2023 données
Stations de charge totales suivies	12,500
Croissance d'une année à l'autre	37%
Clients de gestion de la flotte EV	426 entreprises

Initiatives de durabilité des entreprises influençant le développement de produits

WEX a alloué 23,6 millions de dollars à la recherche et au développement de produits axés sur la durabilité en 2023, avec Innovations technologiques vertes Comprenant 16% du pipeline de nouveaux produits.

Métriques de R&D de durabilité	2023 statistiques
Investissement total de R&D	23,6 millions de dollars
Part de produit de la technologie verte	16%
Demandes de brevet en durabilité	7 nouveaux dépôts

WEX Inc. (WEX) - PESTLE Analysis: Social factors

You're navigating a market where employee expectations and consumer behavior are changing faster than ever, and WEX Inc.'s business model is right at the intersection of these shifts. The core takeaway here is that the social demand for financial wellness and digital simplicity is a massive tailwind for WEX's Benefits segment, but the lingering effects of remote work on corporate travel are still creating turbulence in Corporate Payments.

Strong customer demand for digital-first, unified benefits and payment platforms.

The market is defintely demanding a seamless, digital-first experience, moving away from fragmented financial tools. WEX is responding by modernizing its platform to offer a single sign-on and app, which simplifies the user experience for millions of account holders. This focus on digital simplicity is critical, especially in the B2B space, where the global virtual card market-a key offering for WEX-is expected to grow at a 20.9% annual rate (CAGR) from 2023 to 2030. That's a huge shift in how businesses pay, and it's a big opportunity.

WEX is leveraging Artificial Intelligence (AI) and data-driven insights to streamline processes like reimbursement for Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs). This technological push is what drives customer satisfaction and sticky platform usage.

Increasing employee focus on financial wellness drives growth in HSA accounts.

Financial wellness has become a business imperative for employers in 2025, driven by economic uncertainty and rising healthcare costs. This social trend directly fuels WEX's Benefits segment, which reported an 8.5% year-over-year growth in total revenue in Q2 2025. The Health Savings Account (HSA) is a central product in this trend, valued for its triple-tax advantage and its role as a long-term financial vehicle.

The growth in this area is concrete:

• WEX now supports over 8.8 million HSA accounts as of Q3 2025.
• HSA accounts grew by 7% year-over-year in Q2 2025.
• Custodial investment revenue, tied to HSA balances, rose 11.4% to $57.8 million in Q2 2025.

Here's the quick math on engagement: WEX's targeted consumer messaging focused on contributions resulted in a 22% lift in 'My HSA Planner' completions and an average increase of $470 in annual HSA contributions per person per year. That's financial wellness in action, and it directly increases WEX's custodial assets.

Corporate culture prioritizes diversity, equity, and inclusion for its global employee base.

A strong commitment to Diversity, Equity, and Inclusion (DEI) is no longer just a compliance issue; it's a critical factor in talent acquisition and retention. 71% of job seekers actively choose companies that show commitment to DEI values. WEX has made this a core strategic pillar, reflecting a global social expectation for equitable workplaces.

WEX's public goals, set for attainment by 2025, provide clear metrics:

• Achieving gender parity in leadership roles.
• Increasing employees of color in U.S. leadership roles by 50 percent.

The company also reports achieving global gender pay parity for comparable roles, based on fiscal year total compensation. Plus, WEX has expanded its Employee Resource Groups (ERGs) from one in 2019 to ten communities, which are essential for fostering an inclusive global culture and driving employee engagement.

The shift to remote and hybrid work models impacts corporate payment volume trends.

The permanent shift to remote and hybrid work has fundamentally changed the corporate spending landscape, particularly in the travel sector, which is a major component of WEX's Corporate Payments segment. This social change has created a headwind for payment volumes.

The impact was clearly visible in Q1 2025, where the Corporate Payments segment saw a significant drop, though much of this was attributed to a single large online travel agency (OTA) customer transitioning to a new operating model. The segment's performance reflects the ongoing market adjustment:

Metric (Q1 2025)	Value	Year-over-Year Change	Primary Driver
Corporate Payments Revenue	$103 million	Down 15.5%	Large OTA customer transition and cautious corporate spending
Corporate Payments Purchase Volume	$17.3 billion	Down 28%	Reduced corporate travel and customer model change

To be fair, the segment's adjusted operating income margin remained respectable at 39.1% in Q1 2025, showing cost controls are tight. The good news is that management expects this segment to stabilize and return to growth in the second half of 2025 as they largely move past this transitional headwind. Still, the social shift away from frequent business travel means WEX must accelerate its focus on non-travel Accounts Payable (AP) automation to offset this long-term trend.

WEX Inc. (WEX) - PESTLE Analysis: Technological factors

You're looking at WEX's technology stack and seeing a clear pivot: they're not just a fuel card company anymore; they're a global commerce platform aggressively embedding Artificial Intelligence (AI) and expanding their payment rails to own the entire B2B and mobility ecosystem. This shift is defintely a core driver for their future valuation, moving them from a transaction processor to a true fintech innovator.

The key technological moves in 2025 center on automating internal processes, building out the electric vehicle (EV) network rapidly, and opening up their platform via a new Developer Portal. This proactive investment is crucial, especially when the full-year 2025 revenue is projected to be between $2.61 billion and $2.65 billion, according to the latest guidance.

Artificial Intelligence (AI) is being deployed to automate claims, cutting processing time from days to minutes.

WEX is using AI and Large Language Models (LLMs) to streamline high-volume, historically manual processes, starting with their Health and Benefits segment. This isn't just a pilot; it's a deployed, measurable improvement.

The new AI-powered claims tool, launched in July 2025, is designed to accelerate Flexible Spending Account (FSA) reimbursements. The impact is significant: claims that previously took up to two business days to process can now be completed in under two minutes. That's a huge jump in customer experience and operational efficiency.

Here's the quick math on the AI tool's impact:

• Processing Time Reduction: From 2 business days to < 2 minutes.
• Claim Precision Rate: More than 97% precision in determining correct reimbursement amounts for valid claims.
• Product Innovation Acceleration: AI has accelerated WEX's product innovation by 20% across the business.

AI is also being used in fraud prevention, credit management, and customer support, boosting productivity and lowering the company's cost to serve.

Strategic expansion of fleet solutions into a broader 'mobility ecosystem' including EV charging and tolls.

The Mobility segment, which accounts for approximately 50% of WEX's revenue, is undergoing a fundamental transformation from a traditional fuel card business to a comprehensive mobility platform. This means covering all fleet-related expenses beyond gasoline, like tolls, parking, and EV charging.

The expansion of their EV charging network in 2025 has been aggressive and global:

• European Network: Expanded in January 2025 to key markets (Germany, France, etc.), offering access to over 830,000 charge points via the 'EV Driver by WEX' app.
• U.S. Network: Expanded in September 2025 through partnerships, providing drivers access to over 150,000 public charging ports across the U.S.
• Comprehensive Solution: WEX is the first fleet management business in North America to offer EV charging payments across depot, public, and at-home charging locations.

This is a smart move because fleet managers want a unified platform-one card, one invoice, one app-to manage their mixed-energy fleets. The future of the fleet card is about seamless, integrated solutions for the whole trip, not just the gas tank.

Development of a new Developer Portal and enhanced APIs supports partner integration and innovation.

WEX is shifting to a developer-first model to accelerate how quickly partners can integrate with their platform. The new Developer Center and enhanced Application Programming Interfaces (APIs) are the front door for this strategy.

The beta launch of the new Developer Center is scheduled for Q4 2025 (December). This portal will feature Representational State Transfer (REST) APIs and AI-powered documentation, aiming to cut integration times that used to take weeks or months down to just days.

The enhanced APIs are critical for the Corporate Payments segment, enabling partners to build customized solutions for:

• Payments processing and management.
• Corporate accounts payable solutions.
• Secure virtual card issuance.

B2B payment trends favor real-time payments and secure virtual card adoption.

WEX's core business is directly aligned with the most dominant B2B payment trends for 2025: speed and security. Real-time payments are set to dominate the B2B space, with a staggering 96% of manufacturers expecting them to replace traditional checks for outgoing payments.

Virtual cards are the other major trend, and WEX is a key player here. They offer transaction-level data and enhanced security, which is the most important benefit for 34% of travel intermediaries, a core customer group.

The market growth clearly shows where the money is moving:

Metric	Value/Projection	Timeframe
Global Virtual Card Market Value	$13.31 billion	2022
Projected CAGR (2023-2030)	20.9%	Through 2030
B2B Share of 2022 Global Revenue	Over 69%	2022
Projected Global Virtual Card Transactions	Exceed 121 billion	By 2027 (a 340% increase from 2022)

Virtual cards give businesses better visibility and control, plus they offer instant ownership of transaction data, which is a huge advantage over traditional payment methods.

Next step: Finance needs to model the revenue contribution of the new EV and API-driven B2B payment volumes by the end of Q1 2026.

WEX Inc. (WEX) - PESTLE Analysis: Legal factors

Successfully obtained a preliminary injunction against HP Inc. in a 2024 trademark infringement lawsuit.

You need to see legal victories not just as wins, but as brand protection of your core asset. WEX Inc. took decisive action in 2024 to defend its trademark against HP Inc. (Hewlett-Packard Development Company, L.P.) after HP announced a similarly branded product.

WEX Inc. secured a preliminary injunction in July 2024, which was a strong early signal. But here's the key takeaway for your risk assessment: the litigation was resolved quickly. The case concluded with a consent judgment and permanent injunction being entered against HP Inc. on November 20, 2024. This final resolution removes the near-term litigation expense and uncertainty, permanently protecting the WEX brand name from a major competitor attempting to enter a similar platform space. This is a clean win.

Strict compliance required for global data privacy and financial services regulations.

Operating a global commerce platform means you are swimming in a complex, costly ocean of regulatory compliance. WEX Inc. and its regulated entities, like WEX Bank, are subject to stringent oversight across multiple jurisdictions, and this compliance effort is defintely a significant operational cost.

In Europe and the United Kingdom, the General Data Protection Regulation (GDPR) and UK GDPR apply to all data processing for EU/UK residents, regardless of where WEX is based. In the US, WEX Bank must comply with federal laws governing the collection, sharing, and protection of customer personal information, which is detailed in their WEX Bank Privacy Notice, last updated in 2025. Plus, the benefits segment faces annual compliance deadlines like the Affordable Care Act (ACA) reporting, with the electronic filing deadline for 1095-C forms falling on March 31, 2025.

Here's the quick math on the risk: while a specific 2025 compliance budget isn't public, non-compliance with GDPR alone can result in fines up to EUR 20 million or 4% of annual global turnover, whichever is higher. That's a massive tail risk that requires continuous investment in technology and personnel. The company must also maintain a robust Anti-Money Laundering (AML) and counter-terrorism financing compliance program, especially across its regulated subsidiaries (WEX Bank, WEX Payments, OFEL, and OFL).

Adherence to international laws like the Brazil Salary Equality and Transparency Report.

International operations bring local legal mandates that go beyond financial services. WEX Inc.'s operations in Brazil must adhere to the Brazilian Salary Equality Law (Law No. 14.611/2023), which requires semi-annual pay transparency reporting for companies with 100 or more employees.

WEX demonstrated compliance with this mandate by publishing two reports in the 2025 fiscal year:

• The First Semester Report was published on March 31, 2025, using 2024 data as a reference.
• The Second Semester Report was published on September 30, 2025, extracted from the Brazilian Federal Government portals.

This transparency is a legal requirement, but it also creates a social risk. The March 2025 reports for large Brazilian companies showed that, on average, women received 20.9% less than men. While WEX strives for gender parity, the report mandates an action plan to correct any unjustified pay disparities, which means a clear, measurable financial and HR commitment is required for 2026.

International subsidiaries must comply with Modern Slavery and Human Trafficking policies.

Global supply chain and operational integrity demand compliance with human rights legislation, particularly in the UK and Australia. WEX has a zero-tolerance approach to modern slavery and human trafficking, which is mandated for its international subsidiaries.

The company's international entities, including WEX Australia Newco 2020 Pty Ltd and Optal Limited, must comply with the Modern Slavery Act 2015 (United Kingdom) and the Modern Slavery Act 2018 (Cth) (Australia). The risk assessment for WEX Australia Newco and its subsidiaries, which have approximately 200 employees across countries like the UK, Ireland, Singapore, and Japan, has determined they have a low inherent modern slavery risk. This is due to their relatively simple supply chain, which primarily consists of professional services, IT, and other WEX group entities.

The key action here is continuous due diligence: WEX implemented a procurement system in 2025 that requires all participants to formally attest that they do not have modern slavery practices in their organization or supply chain. That's how you manage risk in a low-risk sector.

WEX Inc. (WEX) - PESTLE Analysis: Environmental factors

You're looking at WEX through the lens of environmental factors, and what you see is a company actively transforming its core business to align with the global energy transition. This isn't just greenwashing; it's a strategic pivot from a legacy fuel payments provider to a comprehensive mobility and energy management platform. The near-term risks around decarbonization are being mapped directly to new revenue opportunities, and the numbers show a clear commitment to this shift.

The biggest environmental factor for WEX is the rapid electrification of commercial fleets, which directly impacts their traditional revenue streams. So, WEX is making calculated, front-loaded investments and acquisitions to become the essential data and payment layer for this new electric ecosystem. It's a smart move to protect their market position.

WEX Venture Capital plans to invest up to $100 million in fleet electrification through 2025.

WEX Venture Capital, the company's investment arm, has an authorization to invest up to $100 million through the end of 2025 to accelerate the transition to electric fleets. This capital is predominantly targeting early-stage companies focused on the energy transition, including the Electric Vehicle (EV) charging ecosystem and energy management solutions. This is how WEX gets early visibility into the technology that will define the future of fleet operations.

As of December 31, 2024, WEX Venture Capital had already deployed capital into six entities: four early-stage companies and two climate tech funds. These initial investments totaled more than $11 million. The portfolio includes companies like Chargetrip, which focuses on EV routing and range prediction, and ev.energy, a managed charging software platform. This targeted investment strategy is defintely a key indicator of WEX's long-term commitment to a mixed-fleet future.

Acquisition of Sawatch Labs helps customers with EV suitability and emissions reporting.

The acquisition of Sawatch Labs, completed in May 2024, is a critical component of WEX's environmental strategy, turning complex data into actionable steps for customers. Sawatch Labs provides fleet electrification analytics software that uses mile-by-mile predictive analysis of a customer's real-world driving data. This data-driven approach is what fleets need to de-risk their transition.

Sawatch Labs' software helps customers with four core areas of electrification planning:

• Identify which vehicles are best suited for EV replacement (EV suitability).
• Determine the Total Cost of Ownership (TCO) for EVs (Cost modeling).
• Plan optimal charging station locations and power needs (Infrastructure planning).
• Track and report greenhouse gas (GHG) reductions (Emissions reporting).

The impact metrics from Sawatch Labs' historical analysis are substantial, demonstrating the value proposition for WEX customers. Here's the quick math on the potential savings and environmental impact for fleets using their analytics:

Metric	Quantifiable Impact (Analyzed Data)
Miles Analyzed	500+ Million Miles
Savings Potential	$220 Million
Annual GHG Reductions Potential	225,000 Tons

The Eco Miles program allows fleet customers to contribute to global reforestation projects.

Beyond the core business of fleet electrification, WEX offers a voluntary environmental contribution program called Eco Miles for its Esso Card™ customers. This program provides an accessible way for fleet customers to strengthen their corporate social responsibility (CSR) profile without a massive internal overhaul. Customers make small monthly contributions that are directed toward global reforestation projects.

The contributions support WeForest's vital work in regions like Ethiopia, Senegal, and Zambia, focusing on restoring thousands of hectares of forest and supporting local community livelihoods. Customers receive annual certificates from WEX showcasing their impact, which is a valuable addition to their own sustainability reporting efforts. It's a simple, opt-in mechanism that helps WEX engage its traditional customer base in environmental stewardship.

Commitment to reducing Scope 1 and 2 greenhouse gas (GHG) emissions from operations.

WEX is also focused on minimizing its own operational carbon footprint, primarily its Scope 1 (direct) and Scope 2 (indirect from purchased energy) greenhouse gas (GHG) emissions. The company's strategy has yielded significant results in the last few years.

The most impactful action was the completion of a multi-year data center consolidation initiative in 2024, which reduced their infrastructure to five data centers. This move to a more energy-efficient cloud-first strategy is a major contributor to their emissions reduction success. From 2022 to 2023, WEX reduced its Scope 1 and 2 GHG emissions by approximately 21.0%. Looking at the longer term, the company has reduced these emissions by approximately 46% since the 2019 baseline. Furthermore, WEX is working toward a full calculation and disclosure of its Scope 3 emissions (indirect value chain emissions) for the first time in its 2025 reporting, showing a clear commitment to a more comprehensive carbon accounting framework.