Travel-related revenue grew more than 30% in the quarter, supported by high existing customer activity and the onboarding of a meaningful new customer in Asia.

Feb 5, 2026 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2026-02-05 | transcript a880c61f-b1ae-481b-a63c-523d925fcbfa | chars 12151-12310 | segment 12

Embedded Payments represents the majority of revenue in the corporate payment segment, including all of our travel-related customers.

Jul 24, 2025 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2025-07-24 | transcript 77f4ceb2-7d32-4fe2-8f21-c347d8a8879c | chars 13585-13718 | segment 13

The platform investments we're making to diversify from travel have started to bear fruit. We're seeing strength in our new customer pipeline and new customer signings and embedded payments.

Jul 24, 2025 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2025-07-24 | transcript 77f4ceb2-7d32-4fe2-8f21-c347d8a8879c | chars 14986-15176 | segment 15

Our portfolio is skewed towards international hotel spend, and we appear to be holding up better than the noise we've heard in domestic travel. At this point, we have not seen signs of a slowdown in our travel volume.

May 1, 2025 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2025-05-01 | transcript 712a342c-d476-4cb6-9bae-3c28d56a516c | chars 12065-12282 | segment 12

Given volume trends we are seeing primarily in the travel business, we are reducing our outlook for the remainder of the year, which Jagtar will detail shortly.

Jul 25, 2024 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2024-07-25 | transcript 5cbb99d3-0f33-4b8d-8692-2ceea09baa3e | chars 3377-3537 | segment 3

The travel business continues to grow at a faster pace than the overall market.

Apr 25, 2024 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2024-04-25 | transcript 30173ea9-4019-4942-b01a-366f8732b242 | chars 4314-4393 | segment 4

We've also renewed our agreement with HBX Group, one of the largest B2B travel tech ecosystems in the world.

Apr 25, 2024 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2024-04-25 | transcript 30173ea9-4019-4942-b01a-366f8732b242 | chars 4928-5036 | segment 4

In corporate payments, Purchase volumes grew 33% year over year, primarily due to continued strength from our travel customers. We had a number of significant contract renewals in the quarter, including Kiwi and On the Beach in Europe and Flight Center in Australia. WEX continues to outpace the growth of the travel market. We're having success gaining additional pockets of spend within our existing customer base, and volume growth continues to benefit from the market transition to settling hotel transactions with virtual cards.

Feb 8, 2024 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2024-02-08 | transcript e5dda929-8efd-4f2f-9fb0-518a9a6e21af | chars 4407-4940 | segment 4

Growth and travel, coupled with a continued growth of our embedded payments product and direct-to-corporate model, has set us up with some great momentum.

Oct 26, 2023 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2023-10-26 | transcript 5b1e73cb-948e-49f6-b89c-0894ef3d959b | chars 7381-7535 | segment 7

In corporate payments, we continue to benefit from a strong rebound in travel volume globally, with travel purchase volumes up 44% year-over-year.

Jul 27, 2023 / CEO / receipt, needs a key / Melissa Smith, CEO | earnings call 2023-07-27 | transcript 9eaca545-9352-4f02-a437-c210163b0146 | chars 6473-6619 | segment 6