WEX(US:WEX)2025-10-30 14:00Financial Performance - Total revenue for Q3 2025 increased by $263 million, or 39%, compared to Q3 2024, which includes a net $60 million unfavorable impact from fuel prices and spreads and a $27 million favorable impact from foreign exchange rates[13] - Q3 2025 GAAP net income was $230 per diluted share, a decrease of 87% compared to the prior year, while adjusted net income was $459 per diluted share, an increase of 55%[13] - Mobility segment revenue for Q3 2025 increased 10% compared to the same period a year ago, including a 14% drag due to lower fuel prices and foreign exchange rates[19] - Benefits revenue in Q3 2025 was $1981 million, an increase of 92% over the prior year, driven by continued strong revenue growth in HSA accounts[23] - Corporate Payments segment revenue for Q3 2025 increased 47% to $1328 million, driven primarily by increased yields on purchase volume and a 108% increase in total volume[31] Segment Breakdown - Mobility segment revenue was $3608 million, representing 522% of total revenue, with a year-over-year change of 10%[14] - Benefits segment revenue was $1981 million, accounting for 286% of total revenue, with a year-over-year increase of 92%[14] - Corporate Payments segment revenue was $1328 million, making up 192% of total revenue, with a year-over-year growth of 47%[14] Balance Sheet and Cash Flow - The company ended Q3 2025 with $1082 million of available liquidity[39] - The company's leverage ratio as of September 30, 2025, was 325 times[39] - Q3 2025 non-GAAP adjusted free cash flow was $166 million, and over the trailing twelve months ended September 30, 2025, the company generated $546 million[46] Financial Guidance - The company's net revenue guidance for full year 2025 is between $2634 billion and $2654 billion[51] - The company's adjusted net income per diluted share guidance for full year 2025 is between $1576 and $1596[51]