Shray Gurtata's questions to WEX (WEX) leadership • Q2 2025
Question
Shray Gurtata of Barclays inquired about the specific initiatives and early traction in the Direct AP business, and also asked for the expected reacceleration timeline for the Mobility segment in the second half of the year.
Answer
Chair, CEO & President Melissa Smith detailed product investments that enhance global money movement for AP customers, noting strong market demand for WEX's end-to-end processing capabilities is driving a larger pipeline. For Mobility, she stated that the negative same-store sales trends from Q2 are expected to continue, and the anticipated slowdown in the over-the-road market has now normalized.