Shray Gurtata's questions to WEX Inc (WEX) leadership • Q2 2025
Question
Shray Gurtata of Barclays inquired about the specific initiatives and early traction within WEX's DirectAP business and asked for an updated timeline on the expected reacceleration in the Mobility segment.
Answer
CEO Melissa Smith explained that product investments in global money movement are benefiting both embedded and DirectAP customers, with WEX's end-to-end processing capabilities resonating in the market. Regarding Mobility, she stated that the negative same-store sales trends from Q2 are expected to persist through year-end, with over-the-road volumes normalizing after a tariff-related pull-forward.