WEX (WEX) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 31, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	WEX Inc.
Trading Symbol	WEX
Entity Central Index Key	1,309,108
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		43,103,426

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues
Payment processing revenue	$ 244,872		$ 721,411
Account servicing revenue	78,748	$ 71,322	236,168	$ 198,538
Finance fee revenue	53,703	50,879	154,958	136,336
Other revenue	67,368	56,099	187,206	160,935
Total revenues	382,690	324,002	1,108,395	919,243
Cost of services
Service fees	13,818	19,658	39,847	57,413
Provision for credit losses	21,435	19,614	46,930	47,927
Operating interest	10,268	7,537	28,281	17,049
Depreciation and amortization	19,013	18,879	60,058	54,639
Total cost of services	144,114	134,807	410,624	379,710
General and administrative	51,799	51,538	155,720	133,788
Sales and marketing	54,611	41,585	168,849	121,726
Depreciation and amortization	29,054	32,349	88,817	95,788
Impairment charges	2,424	0	2,424	16,175
Operating income	100,688	63,723	281,961	172,056
Financing interest expense	(25,718)	(25,754)	(78,560)	(81,449)
Net foreign currency (loss) gain	(1,094)	14,611	(27,438)	33,578
Net unrealized gain (loss) on financial instruments	2,157	(150)	18,371	(849)
Income before income taxes	76,033	52,430	194,334	123,336
Income taxes	18,751	18,570	48,278	43,760
Net income	57,282	33,860	146,056	79,576
Less: Net (loss) income from non-controlling interest	(40)	(111)	803	(886)
Net income attributable to shareholders	$ 57,322	$ 33,971	$ 145,253	$ 80,462
Net income attributable to WEX Inc. per share:
Basic (in dollars per share)	$ 1.33	$ 0.79	$ 3.37	$ 1.87
Diluted (in dollars per share)	$ 1.31	$ 0.79	$ 3.33	$ 1.87
Weighted average common shares outstanding:
Basic (in shares)	43,191	43,014	43,141	42,963
Diluted (in shares)	43,615	43,101	43,558	43,092
Payment processing revenue
Revenues
Payment processing revenue	$ 182,871	$ 145,702	$ 530,063	$ 423,434
Cost of services
Processing costs	$ 79,580	$ 69,119	$ 235,508	$ 202,682

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 57,282	$ 33,860	$ 146,056	$ 79,576
Changes in investment securities, net of tax (benefit) expense of $(10) and $53 for the three and nine months ended September 30, 2017, respectively	0	(12)	0	97
Foreign currency translation	(9,250)	11,042	(32,728)	33,744
Comprehensive income	48,032	44,890	113,328	113,417
Less: Comprehensive (loss) income attributable to non-controlling interest	(109)	122	540	(112)
Comprehensive income attributable to WEX Inc.	$ 48,141	$ 44,768	$ 112,788	$ 113,529

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Changes in investment securities, tax effect	$ (10)	$ 53

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 533,361	$ 508,072
Restricted cash	22,696	18,866
Accounts receivable (net of allowances of $38,103 in 2018 and $30,207 in 2017)	3,124,204	2,517,980
Securitized accounts receivable, restricted	142,575	150,235
Prepaid expenses and other current assets	85,842	69,413
Total current assets	3,908,678	3,264,566
Property, equipment and capitalized software (net of accumulated depreciation of $312,921 in 2018 and $264,928 in 2017)	166,999	163,908
Goodwill	1,838,909	1,876,132
Other intangible assets (net of accumulated amortization of $480,950 in 2018 and $392,827 in 2017)	1,069,116	1,154,047
Investment securities	24,088	23,358
Deferred income taxes, net	8,610	7,752
Other assets	143,342	253,088
Total assets	7,159,742	6,742,851
Liabilities and Stockholders’ Equity
Accounts payable	1,160,661	811,362
Accrued expenses	308,021	315,346
Short-term deposits	878,071	986,989
Short-term debt, net	238,864	397,218
Other current liabilities	26,848	24,795
Total current liabilities	2,612,465	2,535,710
Long-term debt, net	2,140,875	2,027,752
Long-term deposits	386,770	306,865
Deferred income taxes, net	140,478	119,283
Other liabilities	29,897	32,683
Total liabilities	5,310,485	5,022,293
Stockholders’ Equity
Common Stock $0.01 par value; 175,000 shares authorized; 47,528 shares issued in 2018 and 47,352 in 2017; 43,100 shares outstanding in 2018 and 43,022 in 2017	475	473
Additional paid-in capital	584,047	569,319
Retained earnings	1,550,577	1,404,683
Accumulated other comprehensive loss	(123,260)	(90,795)
Treasury stock at cost; 4,428 shares in 2018 and 2017	(172,342)	(172,342)
Total WEX Inc. stockholders’ equity	1,839,497	1,711,338
Non-controlling interest	9,760	9,220
Total stockholders’ equity	1,849,257	1,720,558
Total liabilities and stockholders’ equity	$ 7,159,742	$ 6,742,851

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Accounts receivable, reserve for credit losses	$ 38,103	$ 30,207
Property, equipment and capitalized software, accumulated depreciation	312,921	264,928
Accumulated amortization	$ 480,950	$ 392,827
Common stock, par value (in dollars per share)		$ 0.01
Common stock, shares authorized (in shares)	175,000,000	175,000,000
Common stock, shares issued (in shares)	47,528,000	47,352,000
Common stock, shares outstanding (in shares)	43,100,000	43,022,000
Treasury stock, shares (in shares)	4,428,000	4,428,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands		Total	Common Stock Issued	Additional Paid–In Capital	Accumulated Other Comprehensive Loss	Treasury Stock	Retained Earnings	Non–Controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment	[1]	$ 261					$ 261
Beginning balances, adjusted		1,506,008	$ 472	$ 547,627	$ (122,839)	$ (172,342)	1,244,532	$ 8,558
Beginning Balance (in shares) at Dec. 31, 2016			47,173
Beginning balance at Dec. 31, 2016		1,505,747	$ 472	547,627	(122,839)	(172,342)	1,244,271	8,558
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issued (in shares)			176
Stock issued		595	$ 1	594
Share repurchases for tax withholdings		(9,420)		(9,420)
Stock-based compensation expense		22,354		22,354
Changes in available-for-sale securities, net of tax expense		97			97
Foreign currency translation		33,744			32,970			774
Net income		79,576					80,462	(886)
Ending Balance (in shares) at Sep. 30, 2017			47,349
Ending balance at Sep. 30, 2017		1,632,954	$ 473	561,155	(89,772)	(172,342)	1,324,994	8,446
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment	[2]	641					641
Beginning balances, adjusted		1,721,199	$ 473	569,319	(90,795)	(172,342)	1,405,324	9,220
Beginning Balance (in shares) at Dec. 31, 2017			47,352
Beginning balance at Dec. 31, 2017		1,720,558	$ 473	569,319	(90,795)	(172,342)	1,404,683	9,220
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issued (in shares)			176
Stock issued		2,245	$ 2	2,243
Share repurchases for tax withholdings		(12,172)		(12,172)
Stock-based compensation expense		24,657		24,657
Changes in available-for-sale securities, net of tax expense		0
Foreign currency translation		(32,728)			(32,465)			(263)
Net income		146,056					145,253	803
Ending Balance (in shares) at Sep. 30, 2018			47,528
Ending balance at Sep. 30, 2018		$ 1,849,257	$ 475	$ 584,047	$ (123,260)	$ (172,342)	$ 1,550,577	$ 9,760
[1]	Includes the impact of modified retrospective transition as part of the Company’s adoption of ASU 2016–09 to recognize previously disallowed excess tax benefits that increased a net operating loss.
[2]	Includes the impact of modified retrospective adoption of Topic 606.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Statement of Stockholders' Equity [Abstract]
Changes in available-for-sale securities, tax effect	$ 53

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net income		$ 146,056	$ 79,576
Adjustments to reconcile net income to net cash used for operating activities:
Net unrealized loss		3,871	6,411
Stock-based compensation		24,657	22,354
Depreciation and amortization		148,875	150,428
Debt restructuring and debt issuance cost amortization		7,717	5,935
Provision for deferred taxes		20,127	29,924
Provision for credit losses		46,930	47,927
Impairment charges		2,424	16,175
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable and securitized receivables		(685,441)	(595,804)
Prepaid expenses and other current and other long-term assets		111,489	(17,590)
Accounts payable		371,421	228,284
Accrued expenses		(5,385)	(7,740)
Income taxes		4,530	(2,799)
Other current and other long-term liabilities		(8,411)	1,300
Amounts due under tax receivable agreement		(5,727)	(8,927)
Net cash provided by (used for) operating activities		183,133	(44,546)
Cash flows from investing activities
Purchases of property, equipment and capitalized software		(53,416)	(56,095)
Purchase of equity investment		(2,617)	0
Purchases of investment securities		(1,627)	(355)
Maturities of investment securities		181	445
Net cash used for investing activities		(57,479)	(56,005)
Cash flows from financing activities
Repurchase of share-based awards to satisfy tax withholdings		(12,172)	(9,420)
Proceeds from stock option exercises		2,245	595
Net change in deposits		(28,485)	(29,052)
Increase (Decrease) in Federal Funds Purchased		0	28,462
Net activity on other debt		(44,201)	39,554
Borrowings on revolving credit facility		1,219,693	3,385,316
Repayments of revolving credit facility		(1,355,931)	(3,241,719)
Borrowings on term loans		178,000	0
Repayments on term loans		(26,971)	(26,063)
Debt issuance costs		(5,310)	(438)
Net change in securitized debt		(7,826)	29,874
Net cash (used for) provided by financing activities		(80,958)	177,109
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(15,577)	(15,247)
Net change in cash, cash equivalents and restricted cash		29,119	61,311
Cash, cash equivalents and restricted cash, beginning of period	[1]	526,938	213,342
Cash, cash equivalents and restricted cash, end of period	[1]	556,057	274,653
Capital expenditures incurred but not paid		5,608	7,553
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash, cash equivalents and restricted cash	[1]	$ 526,938	$ 213,342
[1]	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within our unaudited condensed consolidated balance sheets to amounts reported within our unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2018 and 2017:

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10–Q and Rule 10–01 of Regulation S–X. Accordingly, they do not include all information and notes required by GAAP for complete financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements that are included in the Company’s Annual Report on Form 10–K for the year ended December 31, 2017 , filed with the SEC on March 1, 2018 . In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results for any future periods or the year ending December 31, 2018 . The Company rounds amounts in the unaudited condensed consolidated financial statements to thousands and calculates all per-share data from underlying whole-dollar amounts. Thus, certain amounts may not foot, crossfoot or recalculate based on reported numbers due to rounding. Changes to Prior Year Financial Statement Presentation Effective January 1, 2018, the Company modified the presentation of the balance sheets and statements of income and changed how it allocates certain costs to our segments. These changes enhance the information reported to the users of our financial statements. The Company now classifies assets and liabilities as current and non-current within our unaudited condensed consolidated balance sheets as defined according to the normal twelve month operating cycle of our business. Prior period amounts have been recast to conform with this presentation. As a result of this change, total assets and total liabilities have increased by approximately $3.7 million compared to what was reported within our Annual Report on Form 10–K for the year ended December 31, 2017 due to a gross-up of interest rate swap arrangements to reflect their corresponding short and long-term portions. See Note 11 , Fair Value, for more information on the fair value of our interest rate swap arrangements. Additionally, the Company has modified the presentation of certain line items in its unaudited condensed consolidated statements of income. Under the new presentation, costs of services are segregated from other operating expenses. Operating expenses have been reclassified into functional categories in order to provide additional detail into the underlying drivers of changes in operating expenses and align presentation with industry practice. The revised presentation did not result in a change to previously reported revenues, operating income, income before income taxes or net income. Effective with the change in financial statement presentation noted above, the Company now reports expenses in the categories noted below. No changes have been made to non-operating expenses. Cost of Services • Processing costs - The Company’s processing costs consist of expenses related to processing transactions, servicing customers and merchants and cost of goods sold related to hardware and other product sales. • Service fees - The Company incurs costs from third-party networks utilized to deliver payment solutions. Additionally, other third-parties are utilized in performing services directly related to generating revenue. With the adoption of Topic 606 effective January 1, 2018, fees paid to third-party payment processing networks are no longer recorded as service fees and are now presented as a reduction of revenues. • Provision for credit losses - Changes in the reserve for credit loss are the result of changes in management’s estimate of the losses in the Company’s outstanding portfolio of receivables, including losses from fraud. • Operating interest - The Company incurs interest expense on the operating debt obtained to provide liquidity for its short-term receivables. • Depreciation and amortization - The Company has identified those tangible and intangible assets directly associated with providing a service that generates revenue and records the depreciation and amortization associated with those assets under this category. Such assets include processing platforms and related infrastructure, acquired developed technology intangible assets and other similar asset types. Other Operating Expenses • General and administrative - General and administrative includes compensation and related expenses for executive, finance and accounting, other information technology, human resources, legal and other corporate functions. Also included are corporate facilities expenses, certain third-party professional service fees and other corporate expenses. • Sales and marketing - The Company’s sales and marketing expenses relate primarily to compensation, benefits, sales commissions and related expenses for sales, marketing and other related activities. With the adoption of Topic 606 effective January 1, 2018, certain payments to partners are now classified as sales and marketing expenses. • Depreciation and amortization - The depreciation and amortization associated with tangible and intangible assets that are not considered to be directly associated with providing a service that generates revenue are recorded as other operating expenses. Such assets include corporate facilities and information technology assets and acquired intangible assets other than those included in cost of services.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements The following table provides a brief description of accounting pronouncements adopted during the nine months ended September 30, 2018 and recent accounting pronouncements that could have a material effect on our financial statements: Standard Description Date/Method of Adoption Effect on financial statements or other significant matters Adopted During the Nine Months Ended September 30, 2018 ASU 2014–09 This standard supersedes most existing revenue recognition guidance under GAAP. The new revenue recognition standard requires entities to recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted this standard on January 1, 2018 using the modified retrospective approach to those contracts that were not completed as of January 1, 2018. Adoption resulted in a cumulative adjustment to retained earnings as of the effective date, without restatement of prior period amounts. The Company’s revenue from discount and interchange, transaction processing and certain fees is within the scope of Topic 606. FASB and its Transition Resource Group have issued clarifications on various aspects of ASU 2014–09. There were three primary impacts to the Company resulting from the adoption of Topic 606, which are described below. As of January 1, 2018, we recorded $0.6 million cumulative-effect adjustment, net of the associated tax effect, related to the deferral of capitalizable costs to obtain a contract within our Health and Employee Benefit Solutions segment. These commissions are amortized to sales and marketing expense over a useful life that considers the contract term, our commission policy, renewal experience and the transfer of services to which the asset relates. ASU 2017–07 This standard changes the presentation of net benefit pension costs by requiring the disaggregation of certain of its components. Under the guidance, companies are required to present the service cost component in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. The other components of net benefit cost will be presented in the income statement separately from the service cost component and outside the subtotal of operating income, if one is presented. Additionally, only the service cost component will be eligible for capitalization under the new guidance. The Company adopted ASU 2017–07 effective January 1, 2018. The adoption did not have a material impact on our results of operations, cash flows or consolidated financial position. ASU 2016–18 This standard clarifies the classification and presentation of restricted cash in the statement of cash flows. Upon adoption, the statement of cash flows must explain the change during the period in the total of cash and cash equivalents and amounts described as restricted cash or cash equivalents. The Company retrospectively adopted ASU 2016–18 effective January 1, 2018. This retrospective adoption resulted in including restricted cash in cash, cash equivalents and restricted cash when reconciling the beginning of year and end of year amounts presented on the unaudited condensed consolidated statements of cash flows. A reconciliation of cash, cash equivalents and restricted cash as reported within our unaudited condensed consolidated balance sheets is included within our unaudited condensed consolidated statements of cash flows. ASU 2016–01 This standard requires equity investments, except those accounted for under the equity method of accounting, or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income. The Company adopted ASU 2016–01 effective Changes in the fair value of investment securities are now reflected as non-operating income within our unaudited condensed consolidated statements of income. The adoption did not have a material impact on our results of operations, balance sheet or cash flows. Not Yet Adopted as of September 30, 2018 ASU 2016–02 This standard increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required. The Company plans to adopt ASU 2016 – 02 effective January 1, 2019 using the modified retrospective method provided under ASU 2018–11 Leases (Topic 842): Targeted Improvements. The Company has established an ASU 2016–02 committee whose primary objectives include implementing a new software solution, reviewing and summarizing lease contracts, establishing completeness over the lease population, determining which practical expedients, if any, we will utilize to facilitate compliance and updating the Company’s accounting policies and procedures. The Company expects to recognize right-of-use assets and corresponding lease liabilities on the Company’s consolidated balance sheet following the adoption of ASU 2016–02, but the Company is not able to quantify the impact of adoption at this time. The Company is also evaluating the impact the standard will have on its consolidated statement of operations, consolidated statement of cash flows and related disclosures ASU 2016 – 13 This standard requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses will be based on historical experience, current conditions and reasonable and supportable forecasts that impact the collectability of the reported amount. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures. ASU 2018 – 15 This standard clarifies the accounting for capitalizing implementation costs in a cloud computing arrangement that is a service contract. The standard provides that implementation costs be treated using the same criteria used for internal-use software development costs, with amortization expense being recorded in the same income statement expense line as the hosted service costs and over the expected term of the hosting arrangement. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue	3. Revenue The Company adopted Topic 606 on January 1, 2018, utilizing the modified retrospective method. See Note 2, Recent Accounting Pronouncements, for further information regarding the adoption impact. Under the modified retrospective method, prior period comparable financial information continues to be presented under the guidance of Accounting Standards Codification (“ASC”) 605, Revenue Recognition. See the Company’s Annual Report on Form 10–K for the year ended December 31, 2017 for our accounting policies applied to revenue recognition prior to adoption of Topic 606. The impact of adopting Topic 606 for the three and nine months ended September 30, 2018 was as follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 (In thousands) Prior to Adoption Impact of Topic 606 As Reported Prior to Adoption Impact of Topic 606 As Reported Revenues Payment processing revenue $ 174,170 $ 8,701 $ 182,871 $ 501,674 $ 28,389 $ 530,063 Account servicing revenue 78,748 — 78,748 236,168 — 236,168 Finance fee revenue 53,703 — 53,703 154,958 — 154,958 Other revenue 65,682 1,686 67,368 183,997 3,209 187,206 Total revenues 372,303 10,387 382,690 1,076,797 31,598 1,108,395 Cost of services Processing costs 79,580 — 79,580 235,508 — 235,508 Service fees 17,234 (3,416 ) 13,818 53,310 (13,463 ) 39,847 Provision for credit losses 21,435 — 21,435 46,930 — 46,930 Operating interest 10,268 — 10,268 28,281 — 28,281 Depreciation and amortization 19,013 — 19,013 60,058 — 60,058 Total cost of services 147,530 (3,416 ) 144,114 424,087 (13,463 ) 410,624 General and administrative 51,799 — 51,799 155,720 — 155,720 Sales and marketing 40,846 13,765 54,611 123,996 44,853 168,849 Depreciation and amortization 29,054 — 29,054 88,817 — 88,817 Impairment charge 2,424 — 2,424 2,424 — 2,424 Operating income 100,650 38 100,688 281,753 208 281,961 Financing interest expense (25,718 ) — (25,718 ) (78,560 ) — (78,560 ) Net foreign currency loss (1,094 ) — (1,094 ) (27,438 ) — (27,438 ) Net unrealized gain on financial instruments 2,157 — 2,157 18,371 — 18,371 Income before income taxes 75,995 38 76,033 194,126 208 194,334 Income taxes 18,741 10 18,751 48,222 56 48,278 Net income 57,254 28 57,282 145,904 152 146,056 Less: Net (loss) income from non-controlling interest (40 ) — (40 ) 803 — 803 Net income attributable to shareholders $ 57,294 $ 28 $ 57,322 $ 145,101 $ 152 $ 145,253 Topic 606 does not apply to rights or obligations associated with financial instruments, including the Company’s finance fee and interest income from banking relationships and cardholders, certain other fees associated with cardholder arrangements and commissions paid related to such agreements, which continue to be within the scope of ASC Topic 310, Receivables (“Topic 310”). The vast majority of the Company’s Topic 606 revenue is derived from stand-ready obligations to provide payment processing, transaction processing and SaaS services and support. Revenue is recognized based on the value of services transferred to date using a time elapsed output method. For payment processing and transaction processing, services are considered to be transferred when a transaction is captured and the Company has validated that the transaction has no errors. Point-in-time revenue recognized during the three and nine months ended September 30, 2018 was not material. We disaggregate our revenue from contracts with customers by service-type for each of our segments, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. The following tables disaggregate our consolidated revenue for the three and nine months ended September 30, 2018 : Three Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Topic 606 revenues Payment processing revenue $ 116,023 $ 54,345 $ 12,503 $ 182,871 Account servicing revenue 6,920 9,120 26,818 42,858 Other revenue 11,721 1,063 6,359 19,143 Total Topic 606 revenues $ 134,664 $ 64,528 $ 45,680 $ 244,872 Non-Topic 606 revenues Account servicing revenue $ 35,890 $ — $ — $ 35,890 Finance fee revenue 51,644 670 1,389 53,703 Other revenue 27,414 17,612 3,199 48,225 Total non-Topic 606 revenues $ 114,948 $ 18,282 $ 4,588 $ 137,818 Total revenues $ 249,612 $ 82,810 $ 50,268 $ 382,690 Nine Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Topic 606 revenues Payment processing revenue $ 335,896 $ 150,411 $ 43,756 $ 530,063 Account servicing revenue 20,770 27,584 80,545 128,899 Other revenue 39,288 3,386 19,775 62,449 Total Topic 606 revenues $ 395,954 $ 181,381 $ 144,076 $ 721,411 Non-Topic 606 revenues Account servicing revenue $ 107,269 $ — $ — $ 107,269 Finance fee revenue 140,436 1,157 13,365 154,958 Other revenue 77,788 42,815 4,154 124,757 Total non-Topic 606 revenues $ 325,493 $ 43,972 $ 17,519 $ 386,984 Total revenues $ 721,447 $ 225,353 $ 161,595 $ 1,108,395 Payment Processing Revenue Payment processing revenue consists primarily of interchange income. Interchange income is a fee paid by a merchant bank (“merchant”) to the card-issuing bank (generally the Company) in exchange for the Company facilitating and processing transactions with cardholders. Interchange fees are set by the card network. WEX processes transactions through both closed-loop and open-loop networks. • Our Fleet Solutions segment interchange income primarily relates to revenue earned on transactions processed through the Company’s proprietary closed-loop fuel networks. In closed-loop fuel network arrangements, written contracts are entered into between the Company and merchants, which determine the interchange fee charged on transactions. The Company extends short-term credit to the fleet cardholder and pays the merchant the purchase price for the cardholder’s transaction, less the interchange fees the Company retains. The Company collects the total purchase price from the fleet cardholder. In Europe, interchange income is specifically derived from the difference between the negotiated price of fuel from the supplier and the agreed upon price paid by fleet cardholders. • Interchange income in our Travel and Corporate Solutions and Health and Employee Benefit Solutions segments relates to revenue earned on transactions processed through open-loop networks. In open-loop network arrangements, there are several intermediaries involved between the merchant and the cardholder and written contracts between all parties involved in the process do not exist. Rather, the transaction is governed by the rates determined by the payment network at the point-of-sale. This framework dictates the interchange rate, the risk of loss, dispute procedures and timing of payment. For these transactions, there is an implied contract between the Company and the merchant. In our Travel and Corporate Solutions segment, the Company remits payment to the card network for the purchase price of the cardholder transaction, less the interchange fees the Company earns. The Company collects the total purchase price from the cardholder. In our Health and Employee Benefit Solutions segment, funding of transactions and collections from cardholders is performed by third-party sponsor banks, who remit a portion of the interchange fee to us. The Company has determined that the merchant is the customer as it relates to interchange income regardless of the type of network through which transactions are processed. The Company’s primary performance obligation to merchants is a stand-ready commitment to provide payment and transaction processing services as the merchant requires, which is satisfied over time in daily increments. Since the timing and quantity of transactions to be processed by us is not determinable, the total consideration is determined to be variable consideration. The variable consideration for our payment and transaction processing service is usage-based and therefore specifically relates to our efforts to satisfy our obligation. The variability is satisfied each day the service is provided to the customer. We directly ascribe variable fees to the distinct day of service to which it relates, and we consider the services performed each day in order to ascribe the appropriate amount of total fees to that day. Therefore, we measure interchange income on a daily basis based on the services that are performed on that day. In determining the amount of consideration received related to payment and transaction processing services provided, the Company assessed other intermediaries involved in the processing of transactions, including merchant acquirers, card networks, sponsor banks and third-party payment processors, and assessed whether the Company controls such services performed by other intermediaries according to principal-agent guidance in Topic 606. Based on this assessment, the Company determined that WEX does not control the services performed by merchant acquirers, card networks and sponsor banks as each of these parties is the primary obligor for their portion of payment and transaction processing services performed. Therefore, interchange income is recognized net of any fees owed to these intermediaries. The Company determined that services performed by third-party payment processors are controlled by WEX as the Company is responsible for directing how the third-party payment processor authorizes and processes transactions on the Company’s behalf. Therefore, such fees paid to third-party payment processors are recorded as service fees within cost of services. Additionally, the Company enters into contracts with certain large customers or strategic cardholders that provide for fee rebates tied to performance milestones. The Company considered whether such fee rebates constitute consideration payable to a customer or other parties that purchase services from the customer per Topic 606. If so, such fee rebates, which are considered variable consideration, are recorded as a reduction in payment processing revenue in the same period that related interchange income is recognized. For the three and nine months ended September 30, 2018 , such variable consideration totaled approximately $235.3 million and $656.5 million , respectively. Fee rebates made to certain other partners were determined to be costs to obtain a contract, and are recorded as sales and marketing expenses. Account Servicing Revenue In our Fleet Solutions segment, account servicing revenue is primarily comprised of monthly fees charged to cardholders based on the number of vehicles serviced. These fees are primarily in return for providing monthly vehicle data reports and are recognized on a monthly basis as the service is provided. This revenue is outside the scope of Topic 606. The Company also recognizes account servicing revenue related to reporting services on telematics hardware placements and permit sales to our OTR fleet customer base, both of which are within the scope of Topic 606. In our Travel and Corporate Solutions segment, account servicing reflects revenues earned from our AOC acquisition, primarily consisting of licensing fees for use of our accounts receivable and accounts payable SaaS platforms. In our Health and Employee Benefit Solutions segment, we also recognize account servicing fees for the per-participant per-month fee charged per consumer on our SaaS healthcare technology platform. Customers including health plans, third-party administrators, financial institutions and payroll companies typically enter into three to five year contracts, which contain significant termination penalties. Our primary performance obligation in our Travel and Corporate Solutions and Health and Employee Benefit Solutions segments is a stand-ready commitment to provide SaaS services and support, which is satisfied over time in a series of daily increments. Revenue is recognized based on an output method using days elapsed to measure progress as the Company transfers control evenly over each monthly subscription period. Finance Fee Revenue The Company earns revenue on overdue accounts, which is recognized as revenue at the time the fees are assessed. The finance fee is calculated using the greater of a minimum charge or a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. On occasion, these fees are waived to maintain customer goodwill. The established reserve for such waived amounts is estimated and offset against the late fee revenue recognized. The Company engages in factoring, which is the purchase of accounts receivable from a third-party at a discount. The Company also recognized finance fee revenue earned on the Company’s foreign salary advance product. Effective in the third quarter of 2018, the Company revised the WEX Latin America securitized debt agreement, which now meets the derecognition criteria for the sale of salary advance product receivables. As a result, gains on the sale of these receivables are now recognized within “Other Revenue” below. See Note 10, Off–Balance Sheet Agreements for further information on our WEX Latin America securitization. Other Revenue Other revenue includes transaction processing revenue, professional and marketing services and the sales of telematics hardware, all of which is within scope of Topic 606. Revenue is recognized when control of the services or hardware is transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those services. In addition, international settlement fees and certain other cardholder fees (e.g. replacement card fees) and gains on sale of WEX Latin America receivables are included in other revenue. This revenue is outside the scope of Topic 606 and is recognized upon completion of the related service or the sale date of the receivables. Contract Balances The Company’s contract assets consist of upfront payments made to customers under long-term contracts and are recorded upon payment or when due. These payments reduce revenue recognition in future periods, as the resulting asset is amortized against revenue as the Company performs its obligations under these arrangements. The Company’s contract liabilities consist of customer payments received before the Company has satisfied the associated performance obligations and upfront payments due to the customer. The following table provides information about these contract assets and liabilities from contracts with customers. Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. (In thousands) Contract balance Location on the unaudited condensed consolidated balance sheets September 30, 2018 January 1, 2018 Receivables 1 Accounts receivable, net $ 27,738 $ 30,386 Contract assets Prepaid expenses and other current assets $ 7,709 $ 7,053 Contract assets Other assets $ 47,646 $ 49,068 Contract liabilities Other current liabilities $ 23,723 $ 26,592 1 The majority of the Company’s receivables, excluded from the table above, are either due from cardholders, who have not been deemed our customer as it relates to interchange income, or from revenues earned outside of the scope of ASC Topic 606. Impairment losses recognized on our receivables and contract assets were immaterial for the three and nine months ended September 30, 2018 . In the three and nine months ended September 30, 2018 , we recognized revenue of $2.9 million and $8.2 million related to contract liabilities. Remaining Performance Obligations The Company’s unsatisfied, or partially unsatisfied performance obligations as of September 30, 2018 represent the remaining minimum monthly fees on a portion of contracts across the lines of business and contractually obligated professional services yet to be provided by the Company. It is not indicative of the Company’s future revenue, as it relates to an insignificant portion of the Company’s operations. As allowed by Topic 606, the Company has elected to exclude from this disclosure the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less. The following table includes revenue expected to be recognized in the future related to remaining performance obligations at the end of the reporting period. (In thousands) 2018 2019 2020 2021 2022 Thereafter Total Minimum monthly fees 1 $ 17,265 $ 57,108 $ 35,176 $ 19,648 $ 9,803 $ 2,226 $ 141,226 Professional services 2 3,401 9,796 — — — — 13,197 Total remaining performance obligations $ 20,666 $ 66,904 $ 35,176 $ 19,648 $ 9,803 $ 2,226 $ 154,423 1 The transaction price allocated to the remaining performance obligations represents the minimum monthly fees on certain service contracts, which contain substantive termination penalties that require the counterparty to pay the Company for the aggregate remaining minimum monthly fees upon an early termination for convenience. 2 Includes software development projects and other services sold subsequent to the core offerings, to which the customer is contractually obligated.

Business Acquisition

Business Acquisition	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Business Acquisition	4. Business Acquisition AOC Effective O ctober 18, 2017 , the Company acquired certain assets and assumed certain liabilities of AOC, an industry leader in commercial payments technology. The acquisition of AOC, a longstanding technology provider for our virtual card product, will broaden our capabilities, increase our pool of employees with payments platform expertise and allow us to evolve with the needs of our customers and partners through the use of AOC’s payments processing technology platforms. The Company purchased AOC for $129.8 million , which was funded with cash on hand and through borrowings under the 2016 Credit Agreement. The Company recorded adjustments to the assets acquired and liabilities assumed throughout the measurement period, which ended on September 30, 2018. The Company obtained information to assist in determining the fair values of certain assets acquired and liabilities assumed, resulting primarily in the recording of other intangible assets and goodwill. Goodwill is calculated as the consideration in excess of net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized, including synergies derived from the acquisition. The goodwill and intangible assets recorded from this business combination were assigned to our Travel and Corporate Solutions segment. The Company assigned $21.6 million of the purchase price to an acquired processing platform that had not reached technological feasibility as of the date of acquisition. During the third quarter of 2018, the Company placed this asset into service. The goodwill recognized in this business combination will be deductible for income tax purposes. The following is a summary of the allocation of the purchase price to the assets and liabilities acquired: (In thousands) As Reported December 31, 2017 Measurement Period Adjustments Final September 30, 2018 Total consideration $ 129,828 $ — $ 129,828 Less: Cash 15,546 — 15,546 Accounts receivable 4,171 100 4,271 Property and equipment 2,530 (1,329 ) 1,201 Customer relationships (a) 15,000 200 15,200 Developed technologies (b) 24,100 — 24,100 Trademarks and trade names (c) 1,460 10 1,470 In-process research and development — 21,600 21,600 Other liabilities (685 ) (772 ) (1,457 ) Recorded goodwill $ 67,706 $ (19,809 ) $ 47,897 (a) Weighted average life – 9.0 years . (b) Weighted average life – 3.4 years . (c) Weighted average life – 4.3 years . (a) (b) (c) The weighted average life of these amortized intangible assets is 5.5 years . Since the acquisition date, the operations of AOC contributed net revenues of approximately $6.7 million and net loss before taxes of approximately $0.6 million during the year ended December 31, 2017. No pro forma information has been included in these financial statements as the operations of AOC for the period that they were not part of the Company are not material to the Company’s revenues, net income and earnings per share.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Accounts Receivable	5. Accounts Receivable In general, the Company’s trade receivables provide for payment terms of 30 days or less. Receivables not paid within the terms of the agreement are generally subject to late fees based upon the outstanding receivable balance. The Company extends revolving credit to certain small fleets. These accounts are also subject to late fees, and balances that are not paid in full are subject to interest charges based on the revolving balance. The Company had approximately $19.5 million and $12.2 million in receivables with revolving credit balances as of September 30, 2018 and December 31, 2017 , respectively. Concentration of Credit Risk The receivables portfolio consists of a large group of homogeneous smaller balances across a wide range of industries, which are collectively evaluated for impairment. No one customer receivable balance represented 10 percent or more of the outstanding receivables balance at September 30, 2018 or December 31, 2017. The following table presents the outstanding balance of trade accounts receivable that are less than 30 and 60 days past due, in each case, as a percentage of total trade accounts receivable: Delinquency Status September 30, 2018 December 31, 2017 29 days or less past due 97 % 95 % 59 days or less past due 99 % 97 % Reserves for Accounts Receivable Receivables are generally written off when they are 150 days past due or upon declaration of bankruptcy of the customer. The reserve for credit losses is calculated by an analytic model that also takes into account other factors, such as the actual charge-offs for the preceding reporting periods, expected charge-offs and recoveries for the subsequent reporting periods, a review of past due accounts receivable balances, changes in payment patterns, known fraudulent activity in the portfolio, as well as leading economic and market indicators. The following table presents changes in the accounts receivable allowances: Nine Months Ended September 30, (In thousands) 2018 2017 Balance, beginning of year $ 30,207 $ 20,092 Provision for credit losses 46,930 47,927 Charges to other accounts 1 14,408 12,221 Charge-offs (58,532 ) (53,044 ) Recoveries of amounts previously charged-off 5,439 5,085 Currency translation (349 ) 431 Balance, end of period $ 38,103 $ 32,712 1 The Company earns revenue by assessing monthly finance fees on accounts with overdue balances. These fees are recognized as revenue at the time the fees are assessed. The finance fee is calculated using the greater of a minimum charge or a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. On occasion, these fees are waived to maintain relationship goodwill. Charges to other accounts represents the offset against the late fee revenue recognized when the Company establishes a reserve for such waived amounts.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings per Share	6. Earnings per Share Basic earnings per share is computed by dividing net income attributable to shareholders by the weighted average number of shares of common stock and vested deferred stock units outstanding during the year. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased for the assumed exercise of dilutive options, the assumed issuance of unvested restricted stock units and deferred stock units, and unvested performance-based awards for which the performance condition has been met as of the date of determination using the treasury stock method unless the effect is anti-dilutive. The treasury stock method assumes that proceeds, including cash received from the exercise of employee stock options and the average unrecognized compensation expense for unvested share-based compensation awards, would be used to purchase the Company’s common stock at the average market price during the period. The following table summarizes net income attributable to shareholders and reconciles basic and diluted shares outstanding used in the earnings per share computations: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Net income attributable to shareholders $ 57,322 $ 33,971 $ 145,253 $ 80,462 Weighted average common shares outstanding – Basic 43,191 43,014 43,141 42,963 Dilutive impact of share-based compensation awards 424 87 417 129 Weighted average common shares outstanding – Diluted 43,615 43,101 43,558 43,092 For the three and nine months ended September 30, 2018 and September 30, 2017 , an immaterial number of outstanding share-based compensation awards were excluded from the computation of diluted earnings per share, as the effect of including these awards would be anti-dilutive.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	7. Derivative Instruments The Company is exposed to certain market risks relating to its ongoing business operations. From time to time, the Company enters into derivative instrument arrangements to manage various risks including interest rate risk, foreign exchange risk and commodity price risk. Interest Rate Swap Agreements During 2016 and 2017, we entered into five interest rate swap contracts. Collectively, these derivative contracts are intended to fix the future interest payments associated with $1.3 billion of our variable rate borrowings at between 0.896% and 2.212% . At September 30, 2018 , we had variable-rate borrowings of $1.7 billion under our 2016 Credit Agreement. The notional amounts, fixed and variable interest rates and maturities of the interest rate swap agreements are as follows: Tranche A Tranche B Tranche C Tranche D Tranche E Notional amount at inception (in thousands) $300,000 $200,000 $400,000 $150,000 $250,000 Amortization N/A N/A 5% annually N/A N/A Maturity date 12/30/2022 12/30/2022 12/31/2020 12/31/2020 12/31/2018 Fixed interest rate 2.204% 2.212% 1.108% 1.125% 0.896% The following table presents information on the location and amounts of interest rate swap gains and losses: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income Statement 2018 2017 2018 2017 Interest rate swap agreements – unrealized portion Net unrealized gain (loss) on financial instruments $ 2,340 $ (150 ) $ 19,792 $ (849 ) Interest rate swap agreements – realized portion Financing interest income (expense) $ 1,866 $ 377 $ 3,542 $ (243 ) See Note 11 , Fair Value, for more information regarding the valuation of the Company’s interest rate swaps.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
Deposits	8. Deposits WEX Bank has issued certificates of deposit with maturities ranging from three months to five years, with interest rates ranging from 1.30% to 3.45% as of September 30, 2018 . As of December 31, 2017, certificates of deposit had maturities up to three years, with interest rates ranging from 1.00% to 2.15% . WEX Bank may issue brokered deposits, subject to FDIC rules governing minimum financial ratios, which include risk-based asset and capital requirements. As of September 30, 2018 , all brokered deposits were in denominations of $250 thousand or less, corresponding to FDIC deposit insurance limits. The Company requires deposits from certain customers as collateral for credit that has been extended. These deposits are generally non-interest bearing. Interest-bearing brokered money market deposits are issued in denominations of $250 thousand or less, and pay interest at variable rates based on LIBOR or the Federal Funds rate. Money market deposits may be withdrawn by the holder at any time, although notification may be required and the monthly number of transactions is limited. Interest-bearing brokered money market deposits and customer deposits are classified as short-term deposits on our unaudited condensed consolidated balance sheets. The following table presents the composition of deposits: (In thousands) September 30, 2018 December 31, 2017 Interest-bearing brokered money market deposits $ 238,382 $ 285,899 Customer deposits 108,800 70,211 Certificates of deposit with maturities within 1 year (a) 530,889 630,879 Short-term deposits 878,071 986,989 Certificates of deposit with maturities greater than 1 year and less than 5 years (a) 386,770 306,865 Total deposits $ 1,264,841 $ 1,293,854 Weighted average cost of funds on certificates of deposit outstanding 2.16 % 1.51 % Weighted average cost of interest-bearing brokered money market deposits 2.24 % 1.49 % (a) Certificates of deposit are classified as short-term or long-term within our unaudited condensed consolidated balance sheets based on maturity date. Sources of Funds WEX Bank participates in the ICS service offered by Promontory Interfinancial Network, which allows WEX Bank to purchase brokered money market demand accounts and demand deposit accounts in an amount not to exceed $125.0 million as part of a one-way buy program. At both September 30, 2018 and December 31, 2017, there was no outstanding balance for ICS purchases.

Financing and Other Debt

Financing and Other Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Financing and Other Debt	9. Financing and Other Debt The following table summarizes the Company’s total outstanding debt: (In thousands) September 30, 2018 December 31, 2017 Revolving line-of-credit facility under 2016 Credit Agreement (a) $ — $ 136,535 Term loans under 2016 Credit Agreement (a) 1,753,904 1,602,875 Notes outstanding (a) 400,000 400,000 Securitized debt 111,556 126,901 Participation debt 140,965 184,990 WEX Latin America debt 7,808 9,747 Total gross debt $ 2,414,233 $ 2,461,048 Current portion of gross debt $ 245,608 $ 404,233 Less: Unamortized debt issuance costs (6,744 ) (7,015 ) Short-term debt, net $ 238,864 $ 397,218 Long-term gross debt $ 2,168,625 $ 2,056,815 Less: Unamortized debt issuance costs (27,750 ) (29,063 ) Long-term debt, net $ 2,140,875 $ 2,027,752 Supplemental information under 2016 Credit Agreement: Letters of credit (b) $ 53,718 $ 27,500 Borrowing capacity (c) $ 666,282 $ 405,965 (a) See Note 11 , Fair Value, for more information regarding the Company’s 2016 Credit Agreement and notes outstanding. (b) Collateral for lease agreements, virtual card and fuel payment processing activity at the Company’s foreign subsidiaries (c) Contingent on maintaining compliance with the financial covenants as defined in the Company’s 2016 Credit Agreement 2016 Credit Agreement The 2016 Credit Agreement provides for secured tranche A and tranche B term loan facilities in original principal amounts equal to $455.0 million and $1,335.0 million respectively, and a $720.0 million secured revolving credit facility, with a sublimit for letters of credit and swingline loans. Amounts due under the 2016 Credit Agreement mature in July 2023, subject to certain adjustments as more fully described below. Prior to maturity, amounts borrowed under the credit facility will be reduced by mandatory quarterly payments of $5.4 million and $3.4 million for tranche A and tranche B term loan facilities, respectively. On January 17, 2018, the Company repriced the secured tranche B term loans under the 2016 Credit Agreement, which reduced the applicable interest rate margin for the Company’s tranche B term loan facility by 50 basis points for both Eurocurrency Rate (as defined in the 2016 Credit Agreement) borrowings and base rate borrowings, and increased the outstanding amounts on these tranche B term loans from $1,182.0 million to $1,335.0 million . In addition, the repricing amendment made certain other changes to the 2016 Credit Agreement including increasing the maximum consolidated leverage ratio for the period December 31, 2018 through September 30, 2019, and upon the occurrence of an acquisition meeting certain specified criteria, permitting to incurrence of unsecured indebtedness as long as the Company is in pro forma compliance with the financial covenants, resetting the six month soft recall period for a repricing of the tranche B term loans and resetting and amending the test for incremental loans. Following the repricing, the applicable interest rate margin for the tranche B term loans was set at 2.25% for Eurocurrency borrowings and 1.25% for base rate borrowings. On August 24, 2018, the Company repriced the revolving credit loans and secured tranche A term loans under the 2016 Credit Agreement. The repricing reduced the applicable interest rate margin at current levels for the Company’s revolving credit loans by 25 basis points for both LIBOR borrowings and base rate borrowings, increased the amount available under the revolving credit facility from $570.0 million to $720.0 million and provided for an additional tranche A term loan in the amount of $25 million . In addition, the repricing amendment extended the maturity date for the revolving credit facility and tranche A term loan to July 1, 2023, modified the leverage ratios for determining the applicable interest rate on the tranche A term loans and revolving credit loans and modified certain financial covenants, including extending by 1 year (from December 31, 2018 to December 31, 2019) the date on which the consolidated leverage ratio test reduces from 5.00 :1.00 to 4.50 :1.00, extending by 2 years (from December 31, 2019 to December 31, 2021) the date on which the consolidated leverage ratio test reduces to 4.00 :1.00, and adding an interim consolidated leverage ratio test of 4.25 :1.00 for a one year period from December 31, 2020 through September 30, 2021. In addition, the amendment modified the definition of specified acquisition to allow the Company to designate, one time, an acquisition involving the payment of consideration in excess of $300 million . Following the repricing, the applicable interest rate margin for the revolving credit loans and tranche A term loans was set at 2.00% for LIBOR borrowings and 1.00% for base rate borrowings. As of September 30, 2018 , amounts outstanding under the 2016 Credit Agreement bore interest at a rate equal to the Eurocurrency Rate plus a margin of 2.00% with respect to the revolving credit loans and tranche A term loans and at a rate equal to the Eurocurrency Rate plus a margin of 2.25% with respect to tranche B term loans (with the Eurocurrency Rate subject to a 0.00% floor). As of September 30, 2018 and December 31, 2017 , amounts outstanding under the 2016 Credit Agreement bore a weighted average effective interest rate of 4.3 percent and 4.2 percent , respectively. The Company accounted for the January repricing as both a debt extinguishment and debt modification by evaluating the refinancing on a creditor by creditor basis and the August 2018 repricing as a debt modification. During the first quarter of 2018, the Company recorded a loss on extinguishment of debt of $1.1 million related to the write-off of unamortized debt issuance costs. The Company incurred general and administrative expenses of $3.8 million related to third-party costs associated with the repricings. The loss on extinguishment and third-party costs are reflected as financing interest expense and service fees, respectively, within our unaudited condensed consolidated statements of income. In addition, the Company incurred and capitalized $6.1 million of new debt issuance costs related to the repricings. The Company maintains interest rate swap agreements to manage the interest rate risk associated with its outstanding variable-interest rate borrowings under the 2016 Credit Agreement. See Note 7 , Derivative Instruments, for further discussion. Debt Covenants As more fully described in the Company’s Annual Report on Form 10–K for the year ended December 31, 2017 , the 2016 Credit Agreement and the Indenture contain covenants that limit the ability of the Company and its subsidiaries, including its restricted subsidiaries and, in certain limited circumstances, WEX Bank and the Company’s other regulated subsidiaries, to (i) incur additional debt, (ii) pay dividends or make other distributions on, redeem or repurchase capital stock, or make investments or other restricted payments, (iii) enter into transactions with affiliates, (iv) dispose of assets or issue stock of restricted subsidiaries or regulated subsidiaries, (v) create liens on assets, or (vi) effect a consolidation or merger or sell all, or substantially all, of the Company’s assets. As of September 30, 2018 , the Company was in compliance with all material covenants of its 2016 Credit Agreement and the Indenture. Notes Outstanding As of both September 30, 2018 and December 31, 2017 , the Company had $400.0 million of 4.75% fixed-rate senior notes outstanding, which will mature on February 1, 2023. Interest is payable semiannually in arrears on February 1 and August 1 of each year. Australian Securitization Facility The Company has renewed a one -year securitized debt agreement with the Bank of Tokyo-Mitsubishi UFJ, Ltd., which expires April 2019. Under the terms of the agreement, each month, on a revolving basis, the Company sells certain of its Australian receivables to the Company’s Australian Securitization Subsidiary. The Australian Securitization Subsidiary, in turn, uses the receivables as collateral to issue asset-backed commercial paper (“securitized debt”) for approximately 85 percent of the securitized receivables. The amount collected on the securitized receivables is restricted to pay the securitized debt and is not available for general corporate purposes. The Company pays a variable interest rate on the outstanding balance of the securitized debt, based on the Australian Bank Bill Rate plus an applicable margin. The interest rate was 2.79% and 2.53% as of September 30, 2018 and December 31, 2017 , respectively. The Company had $87.9 million and $90.0 million of securitized debt under this facility as of September 30, 2018 and December 31, 2017 , respectively. European Securitization Facility On April 7, 2016, the Company entered into a five -year securitized debt agreement with the Bank of Tokyo-Mitsubishi UFJ, Ltd. Under the terms of the agreement, the Company sells certain of its receivables from selected European countries to its European Securitization Subsidiary. The European Securitization Subsidiary, in turn, uses the receivables as collateral to issue securitized debt. The amount collected on the securitized receivables is restricted to pay the securitized debt and is not available for general corporate purposes. The amounts of receivables to be securitized under this agreement will be determined by management on a monthly basis. The interest rate was 0.91% and 1.11% as of September 30, 2018 and December 31, 2017 , respectively. The Company had $23.7 million and $17.9 million of securitized debt under this facility as of September 30, 2018 and December 31, 2017 , respectively. Participation Debt Historically, WEX Bank maintained three separate participation agreements with third-party banks to fund customer balances that exceeded WEX Bank’s lending limit to an individual customer. In June 2018, WEX Bank entered into a fourth participation agreement with a third-party bank to fund an additional customer’s balance. Associated unsecured borrowings carry a variable interest rate of 1 month to 3 month LIBOR plus a margin of 225 basis points. The balance of the debt was approximately $141.0 million and $185.0 million at September 30, 2018 and December 31, 2017 , respectively. The outstanding commitment as of September 30, 2018 will mature in amounts of $75.4 million and $50.0 million on December 31, 2018 and August 31, 2020, respectively, with the remaining $15.6 million maturing on demand. Borrowed Federal Funds WEX Bank borrows from lines of credit on a federal funds rate basis to supplement the financing of its accounts receivable. There were no outstanding borrowings as of both September 30, 2018 and December 31, 2017 . As of September 30, 2018 , the Company’s federal funds available lines of credit was $310.0 million . WEX Latin America Debt WEX Latin America had debt of approximately $7.8 million and $9.7 million as of September 30, 2018 and December 31, 2017 , respectively. This is comprised of credit facilities and loan arrangements related to our accounts receivable. The average interest rate was 16.87% and 21.20% as of September 30, 2018 and December 31, 2017 , respectively. These borrowings are recorded in short-term debt, net on the Company’s unaudited condensed consolidated balance sheets for the periods presented.

Off-Balance Sheet Arrangements

Off-Balance Sheet Arrangements	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Off-Balance Sheet Arrangements	10. Off–Balance Sheet Arrangements WEX Europe Services Accounts Receivable Factoring During the first quarter of 2017, WEX Europe Services entered into a factoring arrangement with an unrelated third-party financial institution (the “Purchasing Bank.”) Under this arrangement, the Purchasing Bank establishes a credit limit for each customer account. The factored receivables are without recourse to the extent that the customer balances are maintained at or below the established credit limit. For customer receivable balances in excess of the Purchasing Bank’s credit limit, the Company maintains the risk of default. Additionally, there are no indications of the Company’s continuing involvement in the factored receivables. The Company obtained a true-sale opinion from an independent attorney, which states that the factoring agreement provides legal isolation upon seller bankruptcy or receivership under local law and creates a sale of receivables for amounts transferred both below and above the established credit limits. As such, transfers under this arrangement are treated as sales and are accounted for as reductions in trade receivables because the agreements transfer effective control of the receivables to the Purchasing Bank. The Company records the proceeds as cash provided by operating activities. The Company sold approximately $171.2 million and $532.1 million of receivables under this arrangement during the three and nine months ended September 30, 2018 , respectively. Proceeds received are recorded net of applicable expenses, interest and commissions. The loss on factoring was $1.1 million and $3.5 million for the three and nine months ended September 30, 2018 , respectively, and $1.2 million and $2.6 million for the three and nine months ended September 30, 2017 , respectively, and was recorded within cost of services in the unaudited condensed consolidated statements of income. As of September 30, 2018 and December 31, 2017, the Company had associated factoring receivables of approximately $58.6 million and $61.8 million , respectively, of which approximately $0.6 million and $3.7 million , respectively, were in excess of the established credit limit. Charge-backs on balances in excess of the credit limit during the three and nine months ended September 30, 2018 and during the three and nine months ended September 30, 2017 were insignificant. WEX Bank Accounts Receivable Factoring In August 2018, WEX Bank entered into a receivables purchase agreement with an unrelated third-party financial institution to sell certain of our trade receivables under non-recourse transactions. WEX Bank continues to service the receivables post-transfer with no participating interest. The Company obtained a true-sale opinion from an independent attorney, which states that the factoring agreement provides legal isolation upon WEX Bank bankruptcy or receivership under local law. As such, transfers under this arrangement are treated as a sale and are accounted for as a reduction in trade receivables because the agreements transfer effective control of the receivables to the buyer. The Company sold approximately $1,309.2 million of receivables under this arrangement during both the three and nine months ended September 30, 2018 . Proceeds from the sale, which are reported net of a negotiated discount rate, are recorded in operating activities within the Company’s unaudited condensed consolidated statement of cash flows. The loss on factoring was $0.4 million for both the three and nine months ended September 30, 2018 and was recorded within cost of services in the unaudited condensed consolidated statements of income. WEX Latin America Securitization of Receivables During the second quarter of 2017, WEX Latin America entered into a securitized debt agreement to transfer certain unsecured receivables associated with our salary payment card product to an investment fund managed by an unrelated third-party financial institution. WEX Latin America holds a non-controlling equity interest in the investment fund. As of December 31, 2017 and through June 30, 2018, this securitization arrangement did not meet the derecognition conditions due to continuing involvement with the transferred assets and accordingly WEX Latin America reported the transferred receivables and securitized debt on our unaudited condensed consolidated balance sheets. The Company had $30.1 million and $19.0 million of securitized debt under this facility as of June 30, 2018 and December 31, 2017, respectively. During the six months ended June 30, 2018, the Company recognized approximately $4.4 million of operating interest under this financing arrangement. During the third quarter of 2018, the securitization agreements were amended, resulting in the Company giving up effective control of the transferred receivables to the buyer. Additionally, the Company received a true-sale opinion from an independent attorney stating that the amended agreements provide legal isolation upon WEX Latin America bankruptcy or receivership under local law. As such, transfers under this arrangement are treated as a sale and are accounted for as a reduction in trade receivables. As the securitization is now accounted for as an off-balance sheet arrangement, the Company derecognized $31.4 million of transferred receivables and $30.1 million of securitized debt during the third quarter of 2018, with an immaterial impact to the unaudited condensed consolidated statement of income for the three months ended September 30, 2018. During the third quarter of 2018, the Company recognized a $3.2 million gain on sale of receivables, consisting of the difference between the sales price and the carrying value of the receivables, which is recorded within other revenue in our unaudited condensed consolidated income statement. Cash proceeds from the transfer of these receivables is reflected as an operating activity within our unaudited condensed consolidated statement of cash flows.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value	11. Fair Value The Company holds mortgage-backed securities, fixed-income securities, derivatives (see Note 7 , Derivative Instruments) and certain other financial instruments that are carried at fair value. The Company determines fair value based upon quoted prices when available or through the use of alternative approaches, such as model pricing, when market quotes are not readily accessible or available. Various factors are considered in determining the fair value of the Company’s obligations, including: closing exchange or over-the-counter market price quotations; time value and volatility factors underlying options and derivatives; price activity for equivalent instruments; and the Company’s own credit standing. These valuation techniques may be based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs create the following fair value hierarchy: • Level 1 – Quoted prices for identical instruments in active markets. • Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 – Instruments whose significant value drivers are unobservable. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. We did not have any transfers between Level 1 and Level 2 of the fair value hierarchy during either of the three and nine months ended September 30, 2018 or September 30, 2017 . The following table presents the Company’s assets and liabilities that are measured at fair value and the related hierarchy levels: (In thousands) Fair Value Hierarchy September 30, 2018 December 31, 2017 Assets Municipal bonds 2 $ 400 $ 534 Asset-backed securities 2 319 345 Mortgage-backed securities 2 275 305 Fixed-income mutual fund 1 23,094 22,174 Investment securities (a) $ 24,088 $ 23,358 Executive deferred compensation plan trust (b) 1 $ 6,971 $ 6,798 Interest rate swaps (c) 2 $ 34,014 $ 19,595 Liabilities Interest rate swaps (d) 2 $ — $ 5,373 (a) Not deemed available for current operations and have been classified as long-term assets. (b) The fair value of these instruments is recorded in other assets. (c) The fair value of these instruments is recorded in prepaid expenses and other current assets or other assets depending on the timing of expected discounted cash flows. (d) The fair value of these instruments is recorded in other current liabilities based on the timing of expected discounted cash flows. Investment Securities When available, the Company uses quoted market prices to determine the fair value of investment securities; such inputs are classified as Level 1 of the fair-value hierarchy. These securities primarily consist of an open-ended mutual fund, which is invested in fixed-income securities and is held in order to satisfy the regulatory requirements of WEX Bank. For mortgage-backed and asset-backed debt securities and municipal bonds, the Company generally uses quoted prices for recent trading activity of assets with similar characteristics to the debt security or bond being valued. The securities and bonds priced using such methods are generally valued using Level 2 inputs. Executive Deferred Compensation Plan Trust The investments held in the executive deferred compensation plan trust are classified as Level 1 in the fair value hierarchy because the fair value is determined using quoted prices for identical instruments in active markets. Interest Rate Swaps The Company determines the fair value of its interest rate swaps based on the discounted cash flows of the difference between the projected fixed payments on the swaps and the implied floating payments using the current LIBOR curve, which are Level 2 inputs of the fair value hierarchy. Notes Outstanding The Notes outstanding had a fair value of $401.0 million and $410.0 million as of September 30, 2018 and December 31, 2017 , respectively. The fair value of the Notes is based on market rates for the issuance of our debt and is classified as Level 2 in the fair value hierarchy. 2016 Credit Agreement The Company determines the fair value of the amount outstanding under its 2016 Credit Agreement based on the market rates for the issuance of the Company’s debt, which are Level 2 inputs in the fair value hierarchy. As of both September 30, 2018 and December 31, 2017 , the carrying value of the 2016 Credit Agreement approximated its fair value. Other Assets and Liabilities The carrying values of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other liabilities approximate their respective fair values due to the short-term nature of such instruments. The carrying values of certificates of deposit, interest-bearing brokered money market deposits, securitized debt, participation debt and borrowed federal funds approximate their respective fair values, as the interest rates on these financial instruments are variable market-based rates. All other financial instruments are reflected at fair value on the unaudited condensed consolidated balance sheets.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes The Company’s effective tax rate was 24.7 percent and 24.8 percent for the third quarter and nine months ended September 30, 2018 , respectively, as compared to 35.4 percent and 35.5 percent for the third quarter and nine months ended September 30, 2017 , respectively. The decline in our tax rate was primarily due to the 2017 Tax Act, which reduced the U.S. federal corporate income tax rate from 35 percent to 21 percent effective January 1, 2018. During the fourth quarter of 2017, the Company recorded a provisional amount of one-time income tax benefit of $60.6 million associated with the 2017 Tax Act. During the third quarter of 2018, the Company recorded an adjustment to the one-time income tax benefit attributable to the Company updating its estimate of foreign undistributed earnings, which was materially offset by an adjustment to certain deferred tax attributes as a result of further clarification provided by the IRS relative to IRC 162(m). The income tax benefit of $60.6 million may be impacted by future clarification and guidance, primarily related to state tax conformity to federal tax changes, however, we do not expect such changes to be material to our financial statements. As of September 30, 2018 , we are still evaluating the effects of GILTI provisions as guidance and interpretations continue to emerge. However, we do not expect the impact to be material to our financial statements. We have not determined the accounting policy of either treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred, or factoring such amounts into the Company’s measurement of its deferred taxes. However, the standard requires that we reflect the impact of the GILTI provisions as a period expense until the accounting policy is finalized in the fourth quarter. Therefore, we have included the provisional estimate of GILTI related to current year operations in our estimated annual effective tax rate and will update the impact and accounting policy as the analysis related to the GILTI provisions is completed in the fourth quarter. Undistributed earnings and profits of certain foreign subsidiaries of the Company amounted to $61.8 million and $58.7 million at September 30, 2018 and December 31, 2017 , respectively. These earnings and profits are considered to be indefinitely reinvested. The 2017 Tax Act imposes a one-time transition tax on foreign undistributed earnings and profits, which is included in our 2017 U.S. Income Tax Return. The Company intends to offset the transition tax with net operating loss carryforwards and accordingly does not expect this tax to result in additional cash tax payable. For the period ending September 30, 2018, except for GILTI, as indicated above, the Company did not record United States federal income tax on its share of the income of its foreign subsidiaries. Upon distribution of these earnings and profits in the form of dividends or otherwise, the Company would be subject to withholding taxes payable to foreign countries, where applicable, and to certain state income taxes, but would have no further federal income tax liability.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. Commitments and Contingencies Litigation The Company is subject to legal proceedings and claims in the ordinary course of business. As of the date of this filing, the current estimate of a reasonably possible loss contingency from all legal proceedings is not material to the Company’s consolidated financial position, results of operations, cash flows or liquidity. Commitments Significant commitments and contingencies as of September 30, 2018 are consistent with those discussed in Note 18, Commitments and Contingencies, to the consolidated financial statements in the Annual Report on Form 10–K for the year ended December 31, 2017 .

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	14. Stock–Based Compensation The fair value of restricted stock units (“RSUs”), deferred stock units (“DSUs”), performance-based restricted stock units (“PBRSUs”), service-based stock options and market performance-based stock options awarded during the three and nine months ended September 30, 2018 totaled $4.7 million and $34.8 million , respectively, as compared to $0.4 million and $45.7 million , respectively, for the three and nine months ended September 30, 2017 . Grant activity during the nine months ended September 30, 2017 includes certain market performance-based stock options awarded to members of senior management. The fair value of RSUs, DSUs and PBRSUs is based on the closing market price of the Company’s stock on the grant date as reported by the NYSE. The fair value of each service-based stock option award is estimated on the grant date using a Black-Scholes-Merton option-pricing model. During the first half of 2017, we granted market performance-based stock options for which we estimated the grant date fair value using a Monte-Carlo simulation model that simulated a distribution of future stock price paths based on historical volatility levels. The table below summarizes the assumptions used to calculate the fair value of service-based stock options by year of grant: 2018 2017 Weighted average expected life (in years) 6.0 6.0 Weighted average exercise price $ 158.23 $ 104.95 Expected stock price volatility 27.35 % 30.67 % Risk-free interest rate 2.69 % 2.13 % Weighted average fair value $ 51.27 $ 35.58

Restructuring Activities

Restructuring Activities	9 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring Activities	15. Restructuring Activities In the first quarter of 2015, the Company commenced a restructuring initiative (the “2015 Restructuring Initiative”) as a result of its global review of operations. The review of operations identified certain initiatives to further streamline the business, improve the Company’s efficiency and globalize the Company’s operations, all with an objective to improve scale and increase profitability going forward. The Company continued its efforts to improve its overall operational efficiency and began a second restructuring initiative (the “2016 Restructuring Initiative”) during the second quarter of 2016. In connection with the EFS acquisition, the Company initiated a third restructuring program in the third quarter of 2016 (the “Acquisition Integration Restructuring Initiative”). The restructuring expenses related to these initiatives primarily consist of employee costs and office closure costs directly associated with the respective programs. The Company has determined the amount of expenses related to these initiatives is probable and reasonably estimable. As such, the Company has recorded the impact on the unaudited condensed consolidated statements of income and in accrued expenses and current liabilities on the unaudited condensed consolidated balance sheets. Restructuring charges incurred to date under these initiatives were $24.7 million as of September 30, 2018 . The majority of the balances under these initiatives are expected to be paid through 2018. Based on current plans, which are subject to change, the amount of additional restructuring costs that the Company expects to incur under these initiatives is immaterial. The following tables present the Company’s restructuring activities by initiative: 2015 Restructuring Initiative Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 1,143 $ 3,008 $ 2,680 $ 5,231 Restructuring (reversals) charges (30 ) 431 (77 ) 1,964 Cash paid (313 ) (656 ) (1,804 ) (3,492 ) Liability transfer to 2016 Restructuring Initiative — — — (1,158 ) Foreign currency translation (4 ) (22 ) (3 ) 216 Balance, end of period $ 796 $ 2,761 $ 796 $ 2,761 2016 Restructuring Initiative Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 410 $ 4,342 $ 738 $ 3,662 Restructuring charges 28 88 58 (226 ) Cash paid (199 ) (1,778 ) (555 ) (2,265 ) Liability transfer from 2015 Restructuring Initiative — — — 1,158 Foreign currency translation (2 ) 35 (4 ) 358 Balance, end of period $ 237 $ 2,687 $ 237 $ 2,687 Acquisition Integration Restructuring Initiative Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 32 $ 1,333 $ 5,093 $ 1,764 Restructuring charges — 4,120 240 5,061 Cash paid (32 ) (937 ) (5,355 ) (2,416 ) Other — — 22 107 Balance, end of period $ — $ 4,516 $ — $ 4,516 Total Restructuring Initiatives Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 1,585 $ 8,683 $ 8,511 $ 10,657 Restructuring charges (2 ) 4,639 221 6,799 Cash paid (544 ) (3,371 ) (7,714 ) (8,173 ) Other — — 22 107 Foreign currency translation (6 ) 13 (7 ) 574 Balance, end of period $ 1,033 $ 9,964 $ 1,033 $ 9,964

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Information	16. Segment Information Operating segments are defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer. The operating segments are aggregated into the three reportable segments described below. • Fleet Solutions provides customers with payment and transaction processing services specifically designed for the needs of commercial and government fleets. This segment also provides information management services to these fleet customers. • Travel and Corporate Solutions focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. • Health and Employee Benefit Solutions provides healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers. The following tables present the Company’s reportable segment results: Three Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 116,023 $ 54,345 $ 12,503 $ 182,871 Account servicing revenue 42,810 9,120 26,818 78,748 Finance fee revenue 51,644 670 1,389 53,703 Other revenue 39,135 18,675 9,558 67,368 Total revenues $ 249,612 $ 82,810 $ 50,268 $ 382,690 Interest income $ 1,092 $ 172 $ 543 $ 1,807 Three Months Ended September 30, 2017 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 90,270 $ 44,177 $ 11,255 $ 145,702 Account servicing revenue 44,858 206 26,258 71,322 Finance fee revenue 40,773 87 10,019 50,879 Other revenue 36,177 16,556 3,366 56,099 Total revenues $ 212,078 $ 61,026 $ 50,898 $ 324,002 Interest income $ 944 $ 208 $ 10,899 $ 12,051 Nine Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 335,896 $ 150,411 $ 43,756 $ 530,063 Account servicing revenue 128,039 27,584 80,545 236,168 Finance fee revenue 140,436 1,157 13,365 154,958 Other revenue 117,076 46,201 23,929 187,206 Total revenues $ 721,447 $ 225,353 $ 161,595 $ 1,108,395 Interest income $ 3,127 $ 715 $ 11,698 $ 15,540 Nine Months Ended September 30, 2017 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 264,210 $ 119,328 $ 39,896 $ 423,434 Account servicing revenue 122,238 528 75,772 198,538 Finance fee revenue 113,754 469 22,113 136,336 Other revenue 103,003 43,414 14,518 160,935 Total revenues $ 603,205 $ 163,739 $ 152,299 $ 919,243 Interest income $ 2,764 $ 569 $ 23,253 $ 26,586 The CODM evaluates the financial performance of each segment using segment adjusted operating income, which excludes: (i) acquisition and divestiture related items (including acquisition-related intangible amortization); (ii) debt restructuring costs; (iii) stock-based compensation; (iv) restructuring and other costs; and (v) certain impairment charges. Additionally, we do not allocate foreign currency gains and losses, financing interest expense, unrealized and realized gains and losses on derivative instruments, income taxes and net gains or losses from non-controlling interest to our operating segments. Effective January 1, 2018, the Company revised how it allocates certain costs in its measure of segment adjusted operating income. The primary change is how the Company allocates information technology and corporate related costs to its segments. Certain information technology and corporate related costs that support multiple segments, which were previously included in Fleet Solutions, are now being allocated to the segment that they support. Certain residual unallocated corporate costs represent the portion of expenses relating to general corporate functions including acquisition expenses, certain finance, legal, information technology, human resources, administrative, executive and other expenses. These expenses are recorded in unallocated corporate expenses, as these items are centrally and directly controlled and are not included in internal measures of segment operating performance. Segment results for the three and nine months ended September 30, 2017 have been recast to conform to the current presentation as described above. The following table reconciles segment adjusted operating income to income before income taxes: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Segment adjusted operating income Fleet Solutions $ 113,731 $ 92,698 $ 329,364 $ 267,718 Travel and Corporate Solutions 39,377 28,995 99,074 69,697 Health and Employee Benefit Solutions 10,482 11,507 42,444 41,897 Total segment adjusted operating income $ 163,590 $ 133,200 $ 470,882 $ 379,312 Reconciliation: Total segment adjusted operating income $ 163,590 $ 133,200 $ 470,882 $ 379,312 Less: Unallocated corporate expenses 13,414 12,935 42,378 38,056 Acquisition-related intangible amortization 33,439 38,510 103,596 114,603 Other acquisition and divestiture related items 1,536 1,006 2,792 3,380 Debt restructuring costs 317 2,519 3,798 2,519 Stock-based compensation 9,799 8,483 25,659 22,354 Restructuring and other costs 1,973 6,024 8,274 10,169 Impairment charges 2,424 — 2,424 16,175 Operating income 100,688 63,723 281,961 172,056 Financing interest expense (25,718 ) (25,754 ) (78,560 ) (81,449 ) Net foreign currency (loss) gain (1,094 ) 14,611 (27,438 ) 33,578 Net unrealized gain (loss) on financial instruments 2,157 (150 ) 18,371 (849 ) Income before income taxes $ 76,033 $ 52,430 $ 194,334 $ 123,336

Supplementary Regulatory Capita

Supplementary Regulatory Capital Disclosure	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Supplementary Regulatory Capital Disclosure	17. Supplementary Regulatory Capital Disclosure The Company’s subsidiary, WEX Bank, is subject to various regulatory capital requirements administered by the FDIC and the Utah Department of Financial Institutions. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, WEX Bank must meet specific capital guidelines that involve quantitative measures of WEX Bank’s assets, liabilities and certain off-balance sheet items. WEX Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Failure to meet minimum capital requirements can result in the initiation of certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could limit our business activities and have a material adverse effect on our business, results of operations and financial condition. As of September 30, 2018 and December 31, 2017, WEX Bank met all the requirements to be deemed “well-capitalized” pursuant to FDIC regulation and for purposes of the Federal Deposit Insurance Act. WEX Bank’s actual and regulatory minimum capital amounts and ratios are presented in the following table: (In thousands) Actual Amount Ratio Minimum for Capital Adequacy Purposes Amount Ratio Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio September 30, 2018 Total Capital to risk-weighted assets $ 353,314 12.61 % $ 224,084 8.0 % $ 280,104 10.0 % Tier 1 Capital to average assets $ 335,847 10.93 % $ 122,925 4.0 % $ 153,656 5.0 % Common equity to risk-weighted assets $ 335,847 11.99 % $ 126,047 4.5 % $ 182,068 6.5 % Tier 1 Capital to risk-weighted assets $ 335,847 11.99 % $ 168,063 6.0 % $ 224,084 8.0 % December 31, 2017 Total Capital to risk-weighted assets $ 316,129 13.38 % $ 188,991 8.0 % $ 236,239 10.0 % Tier 1 Capital to average assets $ 304,555 12.50 % $ 97,452 4.0 % $ 121,815 5.0 % Common equity to risk-weighted assets $ 304,555 12.89 % $ 106,308 4.5 % $ 153,555 6.5 % Tier 1 Capital to risk-weighted assets $ 304,555 12.89 % $ 141,743 6.0 % $ 188,991 8.0 %

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events Business Acquisition During October 2018, the Company entered into a definitive agreement to acquire Noventis, an electronic payments network focused on optimizing payment delivery for bills and invoices to commercial entities, for approximately $310 million . This acquisition will expand our reach as a corporate payments supplier and provide more channels to billing aggregators and financial institutions. The transaction is expected to close in the first half of 2019 following customary regulatory approvals and customary closing conditions. Asset Acquisition In December 2016, the Company entered into a contract with Chevron to issue and operate branded commercial fleet cards commencing in 2018 with an initial term ending on December 2028. During October 2018, the Company entered into a definitive asset purchase agreement to acquire Chevron’s existing trade accounts receivable portfolio. As part of this agreement, we paid approximately $200 million , which includes a $160 million premium in excess of the receivables’ estimated carrying value. The acquired portfolio is expected to be converted onto the Company’s payment processing platform starting in the fourth quarter of 2018. Concurrently with entering into the asset purchase agreement, we modified a number of contract terms, including extending the term of Chevron’s customer relationship to 13 years from the date of the final conversion.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10–Q and Rule 10–01 of Regulation S–X. Accordingly, they do not include all information and notes required by GAAP for complete financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements that are included in the Company’s Annual Report on Form 10–K for the year ended December 31, 2017 , filed with the SEC on March 1, 2018 . In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results for any future periods or the year ending December 31, 2018 . The Company rounds amounts in the unaudited condensed consolidated financial statements to thousands and calculates all per-share data from underlying whole-dollar amounts. Thus, certain amounts may not foot, crossfoot or recalculate based on reported numbers due to rounding.
New Accounting Standards	Standard Description Date/Method of Adoption Effect on financial statements or other significant matters Adopted During the Nine Months Ended September 30, 2018 ASU 2014–09 This standard supersedes most existing revenue recognition guidance under GAAP. The new revenue recognition standard requires entities to recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted this standard on January 1, 2018 using the modified retrospective approach to those contracts that were not completed as of January 1, 2018. Adoption resulted in a cumulative adjustment to retained earnings as of the effective date, without restatement of prior period amounts. The Company’s revenue from discount and interchange, transaction processing and certain fees is within the scope of Topic 606. FASB and its Transition Resource Group have issued clarifications on various aspects of ASU 2014–09. There were three primary impacts to the Company resulting from the adoption of Topic 606, which are described below. As of January 1, 2018, we recorded $0.6 million cumulative-effect adjustment, net of the associated tax effect, related to the deferral of capitalizable costs to obtain a contract within our Health and Employee Benefit Solutions segment. These commissions are amortized to sales and marketing expense over a useful life that considers the contract term, our commission policy, renewal experience and the transfer of services to which the asset relates. ASU 2017–07 This standard changes the presentation of net benefit pension costs by requiring the disaggregation of certain of its components. Under the guidance, companies are required to present the service cost component in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. The other components of net benefit cost will be presented in the income statement separately from the service cost component and outside the subtotal of operating income, if one is presented. Additionally, only the service cost component will be eligible for capitalization under the new guidance. The Company adopted ASU 2017–07 effective January 1, 2018. The adoption did not have a material impact on our results of operations, cash flows or consolidated financial position. ASU 2016–18 This standard clarifies the classification and presentation of restricted cash in the statement of cash flows. Upon adoption, the statement of cash flows must explain the change during the period in the total of cash and cash equivalents and amounts described as restricted cash or cash equivalents. The Company retrospectively adopted ASU 2016–18 effective January 1, 2018. This retrospective adoption resulted in including restricted cash in cash, cash equivalents and restricted cash when reconciling the beginning of year and end of year amounts presented on the unaudited condensed consolidated statements of cash flows. A reconciliation of cash, cash equivalents and restricted cash as reported within our unaudited condensed consolidated balance sheets is included within our unaudited condensed consolidated statements of cash flows. ASU 2016–01 This standard requires equity investments, except those accounted for under the equity method of accounting, or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income. The Company adopted ASU 2016–01 effective Changes in the fair value of investment securities are now reflected as non-operating income within our unaudited condensed consolidated statements of income. The adoption did not have a material impact on our results of operations, balance sheet or cash flows. Not Yet Adopted as of September 30, 2018 ASU 2016–02 This standard increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required. The Company plans to adopt ASU 2016 – 02 effective January 1, 2019 using the modified retrospective method provided under ASU 2018–11 Leases (Topic 842): Targeted Improvements. The Company has established an ASU 2016–02 committee whose primary objectives include implementing a new software solution, reviewing and summarizing lease contracts, establishing completeness over the lease population, determining which practical expedients, if any, we will utilize to facilitate compliance and updating the Company’s accounting policies and procedures. The Company expects to recognize right-of-use assets and corresponding lease liabilities on the Company’s consolidated balance sheet following the adoption of ASU 2016–02, but the Company is not able to quantify the impact of adoption at this time. The Company is also evaluating the impact the standard will have on its consolidated statement of operations, consolidated statement of cash flows and related disclosures ASU 2016 – 13 This standard requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses will be based on historical experience, current conditions and reasonable and supportable forecasts that impact the collectability of the reported amount. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures. ASU 2018 – 15 This standard clarifies the accounting for capitalizing implementation costs in a cloud computing arrangement that is a service contract. The standard provides that implementation costs be treated using the same criteria used for internal-use software development costs, with amortization expense being recorded in the same income statement expense line as the hosted service costs and over the expected term of the hosting arrangement. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures.
Receivables	In general, the Company’s trade receivables provide for payment terms of 30 days or less. Receivables not paid within the terms of the agreement are generally subject to late fees based upon the outstanding receivable balance. The Company extends revolving credit to certain small fleets. These accounts are also subject to late fees, and balances that are not paid in full are subject to interest charges based on the revolving balance.
Earnings per Share	Basic earnings per share is computed by dividing net income attributable to shareholders by the weighted average number of shares of common stock and vested deferred stock units outstanding during the year. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased for the assumed exercise of dilutive options, the assumed issuance of unvested restricted stock units and deferred stock units, and unvested performance-based awards for which the performance condition has been met as of the date of determination using the treasury stock method unless the effect is anti-dilutive. The treasury stock method assumes that proceeds, including cash received from the exercise of employee stock options and the average unrecognized compensation expense for unvested share-based compensation awards, would be used to purchase the Company’s common stock at the average market price during the period.
Derivative Instruments	The Company is exposed to certain market risks relating to its ongoing business operations. From time to time, the Company enters into derivative instrument arrangements to manage various risks including interest rate risk, foreign exchange risk and commodity price risk.
Fair Value of Financial Instruments	The fair value of the Notes is based on market rates for the issuance of our debt and is classified as Level 2 in the fair value hierarchy. The Company holds mortgage-backed securities, fixed-income securities, derivatives (see Note 7 , Derivative Instruments) and certain other financial instruments that are carried at fair value. The Company determines fair value based upon quoted prices when available or through the use of alternative approaches, such as model pricing, when market quotes are not readily accessible or available. Various factors are considered in determining the fair value of the Company’s obligations, including: closing exchange or over-the-counter market price quotations; time value and volatility factors underlying options and derivatives; price activity for equivalent instruments; and the Company’s own credit standing. These valuation techniques may be based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs create the following fair value hierarchy: • Level 1 – Quoted prices for identical instruments in active markets. • Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 – Instruments whose significant value drivers are unobservable. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. 2016 Credit Agreement The Company determines the fair value of the amount outstanding under its 2016 Credit Agreement based on the market rates for the issuance of the Company’s debt, which are Level 2 inputs in the fair value hierarchy. Investment Securities When available, the Company uses quoted market prices to determine the fair value of investment securities; such inputs are classified as Level 1 of the fair-value hierarchy. These securities primarily consist of an open-ended mutual fund, which is invested in fixed-income securities and is held in order to satisfy the regulatory requirements of WEX Bank. For mortgage-backed and asset-backed debt securities and municipal bonds, the Company generally uses quoted prices for recent trading activity of assets with similar characteristics to the debt security or bond being valued. The securities and bonds priced using such methods are generally valued using Level 2 inputs. Executive Deferred Compensation Plan Trust The investments held in the executive deferred compensation plan trust are classified as Level 1 in the fair value hierarchy because the fair value is determined using quoted prices for identical instruments in active markets. Interest Rate Swaps The Company determines the fair value of its interest rate swaps based on the discounted cash flows of the difference between the projected fixed payments on the swaps and the implied floating payments using the current LIBOR curve, which are Level 2 inputs of the fair value hierarchy.
Segment Information	Operating segments are defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer. The operating segments are aggregated into the three reportable segments described below. • Fleet Solutions provides customers with payment and transaction processing services specifically designed for the needs of commercial and government fleets. This segment also provides information management services to these fleet customers. • Travel and Corporate Solutions focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. • Health and Employee Benefit Solutions provides healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers.

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table provides a brief description of accounting pronouncements adopted during the nine months ended September 30, 2018 and recent accounting pronouncements that could have a material effect on our financial statements: Standard Description Date/Method of Adoption Effect on financial statements or other significant matters Adopted During the Nine Months Ended September 30, 2018 ASU 2014–09 This standard supersedes most existing revenue recognition guidance under GAAP. The new revenue recognition standard requires entities to recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted this standard on January 1, 2018 using the modified retrospective approach to those contracts that were not completed as of January 1, 2018. Adoption resulted in a cumulative adjustment to retained earnings as of the effective date, without restatement of prior period amounts. The Company’s revenue from discount and interchange, transaction processing and certain fees is within the scope of Topic 606. FASB and its Transition Resource Group have issued clarifications on various aspects of ASU 2014–09. There were three primary impacts to the Company resulting from the adoption of Topic 606, which are described below. As of January 1, 2018, we recorded $0.6 million cumulative-effect adjustment, net of the associated tax effect, related to the deferral of capitalizable costs to obtain a contract within our Health and Employee Benefit Solutions segment. These commissions are amortized to sales and marketing expense over a useful life that considers the contract term, our commission policy, renewal experience and the transfer of services to which the asset relates. ASU 2017–07 This standard changes the presentation of net benefit pension costs by requiring the disaggregation of certain of its components. Under the guidance, companies are required to present the service cost component in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. The other components of net benefit cost will be presented in the income statement separately from the service cost component and outside the subtotal of operating income, if one is presented. Additionally, only the service cost component will be eligible for capitalization under the new guidance. The Company adopted ASU 2017–07 effective January 1, 2018. The adoption did not have a material impact on our results of operations, cash flows or consolidated financial position. ASU 2016–18 This standard clarifies the classification and presentation of restricted cash in the statement of cash flows. Upon adoption, the statement of cash flows must explain the change during the period in the total of cash and cash equivalents and amounts described as restricted cash or cash equivalents. The Company retrospectively adopted ASU 2016–18 effective January 1, 2018. This retrospective adoption resulted in including restricted cash in cash, cash equivalents and restricted cash when reconciling the beginning of year and end of year amounts presented on the unaudited condensed consolidated statements of cash flows. A reconciliation of cash, cash equivalents and restricted cash as reported within our unaudited condensed consolidated balance sheets is included within our unaudited condensed consolidated statements of cash flows. ASU 2016–01 This standard requires equity investments, except those accounted for under the equity method of accounting, or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income. The Company adopted ASU 2016–01 effective Changes in the fair value of investment securities are now reflected as non-operating income within our unaudited condensed consolidated statements of income. The adoption did not have a material impact on our results of operations, balance sheet or cash flows. Not Yet Adopted as of September 30, 2018 ASU 2016–02 This standard increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required. The Company plans to adopt ASU 2016 – 02 effective January 1, 2019 using the modified retrospective method provided under ASU 2018–11 Leases (Topic 842): Targeted Improvements. The Company has established an ASU 2016–02 committee whose primary objectives include implementing a new software solution, reviewing and summarizing lease contracts, establishing completeness over the lease population, determining which practical expedients, if any, we will utilize to facilitate compliance and updating the Company’s accounting policies and procedures. The Company expects to recognize right-of-use assets and corresponding lease liabilities on the Company’s consolidated balance sheet following the adoption of ASU 2016–02, but the Company is not able to quantify the impact of adoption at this time. The Company is also evaluating the impact the standard will have on its consolidated statement of operations, consolidated statement of cash flows and related disclosures ASU 2016 – 13 This standard requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses will be based on historical experience, current conditions and reasonable and supportable forecasts that impact the collectability of the reported amount. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures. ASU 2018 – 15 This standard clarifies the accounting for capitalizing implementation costs in a cloud computing arrangement that is a service contract. The standard provides that implementation costs be treated using the same criteria used for internal-use software development costs, with amortization expense being recorded in the same income statement expense line as the hosted service costs and over the expected term of the hosting arrangement. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures. The impact of adopting Topic 606 for the three and nine months ended September 30, 2018 was as follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 (In thousands) Prior to Adoption Impact of Topic 606 As Reported Prior to Adoption Impact of Topic 606 As Reported Revenues Payment processing revenue $ 174,170 $ 8,701 $ 182,871 $ 501,674 $ 28,389 $ 530,063 Account servicing revenue 78,748 — 78,748 236,168 — 236,168 Finance fee revenue 53,703 — 53,703 154,958 — 154,958 Other revenue 65,682 1,686 67,368 183,997 3,209 187,206 Total revenues 372,303 10,387 382,690 1,076,797 31,598 1,108,395 Cost of services Processing costs 79,580 — 79,580 235,508 — 235,508 Service fees 17,234 (3,416 ) 13,818 53,310 (13,463 ) 39,847 Provision for credit losses 21,435 — 21,435 46,930 — 46,930 Operating interest 10,268 — 10,268 28,281 — 28,281 Depreciation and amortization 19,013 — 19,013 60,058 — 60,058 Total cost of services 147,530 (3,416 ) 144,114 424,087 (13,463 ) 410,624 General and administrative 51,799 — 51,799 155,720 — 155,720 Sales and marketing 40,846 13,765 54,611 123,996 44,853 168,849 Depreciation and amortization 29,054 — 29,054 88,817 — 88,817 Impairment charge 2,424 — 2,424 2,424 — 2,424 Operating income 100,650 38 100,688 281,753 208 281,961 Financing interest expense (25,718 ) — (25,718 ) (78,560 ) — (78,560 ) Net foreign currency loss (1,094 ) — (1,094 ) (27,438 ) — (27,438 ) Net unrealized gain on financial instruments 2,157 — 2,157 18,371 — 18,371 Income before income taxes 75,995 38 76,033 194,126 208 194,334 Income taxes 18,741 10 18,751 48,222 56 48,278 Net income 57,254 28 57,282 145,904 152 146,056 Less: Net (loss) income from non-controlling interest (40 ) — (40 ) 803 — 803 Net income attributable to shareholders $ 57,294 $ 28 $ 57,322 $ 145,101 $ 152 $ 145,253

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table provides a brief description of accounting pronouncements adopted during the nine months ended September 30, 2018 and recent accounting pronouncements that could have a material effect on our financial statements: Standard Description Date/Method of Adoption Effect on financial statements or other significant matters Adopted During the Nine Months Ended September 30, 2018 ASU 2014–09 This standard supersedes most existing revenue recognition guidance under GAAP. The new revenue recognition standard requires entities to recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted this standard on January 1, 2018 using the modified retrospective approach to those contracts that were not completed as of January 1, 2018. Adoption resulted in a cumulative adjustment to retained earnings as of the effective date, without restatement of prior period amounts. The Company’s revenue from discount and interchange, transaction processing and certain fees is within the scope of Topic 606. FASB and its Transition Resource Group have issued clarifications on various aspects of ASU 2014–09. There were three primary impacts to the Company resulting from the adoption of Topic 606, which are described below. As of January 1, 2018, we recorded $0.6 million cumulative-effect adjustment, net of the associated tax effect, related to the deferral of capitalizable costs to obtain a contract within our Health and Employee Benefit Solutions segment. These commissions are amortized to sales and marketing expense over a useful life that considers the contract term, our commission policy, renewal experience and the transfer of services to which the asset relates. ASU 2017–07 This standard changes the presentation of net benefit pension costs by requiring the disaggregation of certain of its components. Under the guidance, companies are required to present the service cost component in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. The other components of net benefit cost will be presented in the income statement separately from the service cost component and outside the subtotal of operating income, if one is presented. Additionally, only the service cost component will be eligible for capitalization under the new guidance. The Company adopted ASU 2017–07 effective January 1, 2018. The adoption did not have a material impact on our results of operations, cash flows or consolidated financial position. ASU 2016–18 This standard clarifies the classification and presentation of restricted cash in the statement of cash flows. Upon adoption, the statement of cash flows must explain the change during the period in the total of cash and cash equivalents and amounts described as restricted cash or cash equivalents. The Company retrospectively adopted ASU 2016–18 effective January 1, 2018. This retrospective adoption resulted in including restricted cash in cash, cash equivalents and restricted cash when reconciling the beginning of year and end of year amounts presented on the unaudited condensed consolidated statements of cash flows. A reconciliation of cash, cash equivalents and restricted cash as reported within our unaudited condensed consolidated balance sheets is included within our unaudited condensed consolidated statements of cash flows. ASU 2016–01 This standard requires equity investments, except those accounted for under the equity method of accounting, or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income. The Company adopted ASU 2016–01 effective Changes in the fair value of investment securities are now reflected as non-operating income within our unaudited condensed consolidated statements of income. The adoption did not have a material impact on our results of operations, balance sheet or cash flows. Not Yet Adopted as of September 30, 2018 ASU 2016–02 This standard increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required. The Company plans to adopt ASU 2016 – 02 effective January 1, 2019 using the modified retrospective method provided under ASU 2018–11 Leases (Topic 842): Targeted Improvements. The Company has established an ASU 2016–02 committee whose primary objectives include implementing a new software solution, reviewing and summarizing lease contracts, establishing completeness over the lease population, determining which practical expedients, if any, we will utilize to facilitate compliance and updating the Company’s accounting policies and procedures. The Company expects to recognize right-of-use assets and corresponding lease liabilities on the Company’s consolidated balance sheet following the adoption of ASU 2016–02, but the Company is not able to quantify the impact of adoption at this time. The Company is also evaluating the impact the standard will have on its consolidated statement of operations, consolidated statement of cash flows and related disclosures ASU 2016 – 13 This standard requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses will be based on historical experience, current conditions and reasonable and supportable forecasts that impact the collectability of the reported amount. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures. ASU 2018 – 15 This standard clarifies the accounting for capitalizing implementation costs in a cloud computing arrangement that is a service contract. The standard provides that implementation costs be treated using the same criteria used for internal-use software development costs, with amortization expense being recorded in the same income statement expense line as the hosted service costs and over the expected term of the hosting arrangement. The standard is effective January 1, 2020. The Company is evaluating the impact the standard will have on its consolidated financial statements and related disclosures. The impact of adopting Topic 606 for the three and nine months ended September 30, 2018 was as follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 (In thousands) Prior to Adoption Impact of Topic 606 As Reported Prior to Adoption Impact of Topic 606 As Reported Revenues Payment processing revenue $ 174,170 $ 8,701 $ 182,871 $ 501,674 $ 28,389 $ 530,063 Account servicing revenue 78,748 — 78,748 236,168 — 236,168 Finance fee revenue 53,703 — 53,703 154,958 — 154,958 Other revenue 65,682 1,686 67,368 183,997 3,209 187,206 Total revenues 372,303 10,387 382,690 1,076,797 31,598 1,108,395 Cost of services Processing costs 79,580 — 79,580 235,508 — 235,508 Service fees 17,234 (3,416 ) 13,818 53,310 (13,463 ) 39,847 Provision for credit losses 21,435 — 21,435 46,930 — 46,930 Operating interest 10,268 — 10,268 28,281 — 28,281 Depreciation and amortization 19,013 — 19,013 60,058 — 60,058 Total cost of services 147,530 (3,416 ) 144,114 424,087 (13,463 ) 410,624 General and administrative 51,799 — 51,799 155,720 — 155,720 Sales and marketing 40,846 13,765 54,611 123,996 44,853 168,849 Depreciation and amortization 29,054 — 29,054 88,817 — 88,817 Impairment charge 2,424 — 2,424 2,424 — 2,424 Operating income 100,650 38 100,688 281,753 208 281,961 Financing interest expense (25,718 ) — (25,718 ) (78,560 ) — (78,560 ) Net foreign currency loss (1,094 ) — (1,094 ) (27,438 ) — (27,438 ) Net unrealized gain on financial instruments 2,157 — 2,157 18,371 — 18,371 Income before income taxes 75,995 38 76,033 194,126 208 194,334 Income taxes 18,741 10 18,751 48,222 56 48,278 Net income 57,254 28 57,282 145,904 152 146,056 Less: Net (loss) income from non-controlling interest (40 ) — (40 ) 803 — 803 Net income attributable to shareholders $ 57,294 $ 28 $ 57,322 $ 145,101 $ 152 $ 145,253
Summary of Disaggregation of Revenue	The following tables disaggregate our consolidated revenue for the three and nine months ended September 30, 2018 : Three Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Topic 606 revenues Payment processing revenue $ 116,023 $ 54,345 $ 12,503 $ 182,871 Account servicing revenue 6,920 9,120 26,818 42,858 Other revenue 11,721 1,063 6,359 19,143 Total Topic 606 revenues $ 134,664 $ 64,528 $ 45,680 $ 244,872 Non-Topic 606 revenues Account servicing revenue $ 35,890 $ — $ — $ 35,890 Finance fee revenue 51,644 670 1,389 53,703 Other revenue 27,414 17,612 3,199 48,225 Total non-Topic 606 revenues $ 114,948 $ 18,282 $ 4,588 $ 137,818 Total revenues $ 249,612 $ 82,810 $ 50,268 $ 382,690 Nine Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Topic 606 revenues Payment processing revenue $ 335,896 $ 150,411 $ 43,756 $ 530,063 Account servicing revenue 20,770 27,584 80,545 128,899 Other revenue 39,288 3,386 19,775 62,449 Total Topic 606 revenues $ 395,954 $ 181,381 $ 144,076 $ 721,411 Non-Topic 606 revenues Account servicing revenue $ 107,269 $ — $ — $ 107,269 Finance fee revenue 140,436 1,157 13,365 154,958 Other revenue 77,788 42,815 4,154 124,757 Total non-Topic 606 revenues $ 325,493 $ 43,972 $ 17,519 $ 386,984 Total revenues $ 721,447 $ 225,353 $ 161,595 $ 1,108,395
Summary of Contract Assets and Liabilities	The following table provides information about these contract assets and liabilities from contracts with customers. Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. (In thousands) Contract balance Location on the unaudited condensed consolidated balance sheets September 30, 2018 January 1, 2018 Receivables 1 Accounts receivable, net $ 27,738 $ 30,386 Contract assets Prepaid expenses and other current assets $ 7,709 $ 7,053 Contract assets Other assets $ 47,646 $ 49,068 Contract liabilities Other current liabilities $ 23,723 $ 26,592 1 The majority of the Company’s receivables, excluded from the table above, are either due from cardholders, who have not been deemed our customer as it relates to interchange income, or from revenues earned outside of the scope of ASC Topic 606.
Schedule of Remaining Performance Obligations	The following table includes revenue expected to be recognized in the future related to remaining performance obligations at the end of the reporting period. (In thousands) 2018 2019 2020 2021 2022 Thereafter Total Minimum monthly fees 1 $ 17,265 $ 57,108 $ 35,176 $ 19,648 $ 9,803 $ 2,226 $ 141,226 Professional services 2 3,401 9,796 — — — — 13,197 Total remaining performance obligations $ 20,666 $ 66,904 $ 35,176 $ 19,648 $ 9,803 $ 2,226 $ 154,423 1 The transaction price allocated to the remaining performance obligations represents the minimum monthly fees on certain service contracts, which contain substantive termination penalties that require the counterparty to pay the Company for the aggregate remaining minimum monthly fees upon an early termination for convenience. 2 Includes software development projects and other services sold subsequent to the core offerings, to which the customer is contractually obligated.

Business Acquisition (Tables)

Business Acquisition (Tables)	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Schedule of Business Acquisitions	The following is a summary of the allocation of the purchase price to the assets and liabilities acquired: (In thousands) As Reported December 31, 2017 Measurement Period Adjustments Final September 30, 2018 Total consideration $ 129,828 $ — $ 129,828 Less: Cash 15,546 — 15,546 Accounts receivable 4,171 100 4,271 Property and equipment 2,530 (1,329 ) 1,201 Customer relationships (a) 15,000 200 15,200 Developed technologies (b) 24,100 — 24,100 Trademarks and trade names (c) 1,460 10 1,470 In-process research and development — 21,600 21,600 Other liabilities (685 ) (772 ) (1,457 ) Recorded goodwill $ 67,706 $ (19,809 ) $ 47,897 (a) Weighted average life – 9.0 years . (b) Weighted average life – 3.4 years . (c) Weighted average life – 4.3 years . (a) (b) (c) The weighted average life of these amortized intangible assets is 5.5 years .

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Past Due Financing Receivables	The following table presents the outstanding balance of trade accounts receivable that are less than 30 and 60 days past due, in each case, as a percentage of total trade accounts receivable: Delinquency Status September 30, 2018 December 31, 2017 29 days or less past due 97 % 95 % 59 days or less past due 99 % 97 %
Changes in Reserves for Credit Losses Related to Accounts Receivable	The following table presents changes in the accounts receivable allowances: Nine Months Ended September 30, (In thousands) 2018 2017 Balance, beginning of year $ 30,207 $ 20,092 Provision for credit losses 46,930 47,927 Charges to other accounts 1 14,408 12,221 Charge-offs (58,532 ) (53,044 ) Recoveries of amounts previously charged-off 5,439 5,085 Currency translation (349 ) 431 Balance, end of period $ 38,103 $ 32,712 1 The Company earns revenue by assessing monthly finance fees on accounts with overdue balances. These fees are recognized as revenue at the time the fees are assessed. The finance fee is calculated using the greater of a minimum charge or a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. On occasion, these fees are waived to maintain relationship goodwill. Charges to other accounts represents the offset against the late fee revenue recognized when the Company establishes a reserve for such waived amounts.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Reconciliation of Income and Share Data Used in Basic and Diluted Earnings Per Share Computations	The following table summarizes net income attributable to shareholders and reconciles basic and diluted shares outstanding used in the earnings per share computations: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Net income attributable to shareholders $ 57,322 $ 33,971 $ 145,253 $ 80,462 Weighted average common shares outstanding – Basic 43,191 43,014 43,141 42,963 Dilutive impact of share-based compensation awards 424 87 417 129 Weighted average common shares outstanding – Diluted 43,615 43,101 43,558 43,092

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The notional amounts, fixed and variable interest rates and maturities of the interest rate swap agreements are as follows: Tranche A Tranche B Tranche C Tranche D Tranche E Notional amount at inception (in thousands) $300,000 $200,000 $400,000 $150,000 $250,000 Amortization N/A N/A 5% annually N/A N/A Maturity date 12/30/2022 12/30/2022 12/31/2020 12/31/2020 12/31/2018 Fixed interest rate 2.204% 2.212% 1.108% 1.125% 0.896%
Location and Amounts of Derivative Gains and Losses in Condensed Consolidated Statements of Income	The following table presents information on the location and amounts of interest rate swap gains and losses: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income Statement 2018 2017 2018 2017 Interest rate swap agreements – unrealized portion Net unrealized gain (loss) on financial instruments $ 2,340 $ (150 ) $ 19,792 $ (849 ) Interest rate swap agreements – realized portion Financing interest income (expense) $ 1,866 $ 377 $ 3,542 $ (243 )

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
Schedule of Deposits	The following table presents the composition of deposits: (In thousands) September 30, 2018 December 31, 2017 Interest-bearing brokered money market deposits $ 238,382 $ 285,899 Customer deposits 108,800 70,211 Certificates of deposit with maturities within 1 year (a) 530,889 630,879 Short-term deposits 878,071 986,989 Certificates of deposit with maturities greater than 1 year and less than 5 years (a) 386,770 306,865 Total deposits $ 1,264,841 $ 1,293,854 Weighted average cost of funds on certificates of deposit outstanding 2.16 % 1.51 % Weighted average cost of interest-bearing brokered money market deposits 2.24 % 1.49 % (a) Certificates of deposit are classified as short-term or long-term within our unaudited condensed consolidated balance sheets based on maturity date.

Financing and Other Debt (Table

Financing and Other Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Outstanding Debt	The following table summarizes the Company’s total outstanding debt: (In thousands) September 30, 2018 December 31, 2017 Revolving line-of-credit facility under 2016 Credit Agreement (a) $ — $ 136,535 Term loans under 2016 Credit Agreement (a) 1,753,904 1,602,875 Notes outstanding (a) 400,000 400,000 Securitized debt 111,556 126,901 Participation debt 140,965 184,990 WEX Latin America debt 7,808 9,747 Total gross debt $ 2,414,233 $ 2,461,048 Current portion of gross debt $ 245,608 $ 404,233 Less: Unamortized debt issuance costs (6,744 ) (7,015 ) Short-term debt, net $ 238,864 $ 397,218 Long-term gross debt $ 2,168,625 $ 2,056,815 Less: Unamortized debt issuance costs (27,750 ) (29,063 ) Long-term debt, net $ 2,140,875 $ 2,027,752 Supplemental information under 2016 Credit Agreement: Letters of credit (b) $ 53,718 $ 27,500 Borrowing capacity (c) $ 666,282 $ 405,965 (a) See Note 11 , Fair Value, for more information regarding the Company’s 2016 Credit Agreement and notes outstanding. (b) Collateral for lease agreements, virtual card and fuel payment processing activity at the Company’s foreign subsidiaries (c) Contingent on maintaining compliance with the financial covenants as defined in the Company’s 2016 Credit Agreement

Fair Value Fair Value (Tables)

Fair Value Fair Value (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	The following table presents the Company’s assets and liabilities that are measured at fair value and the related hierarchy levels: (In thousands) Fair Value Hierarchy September 30, 2018 December 31, 2017 Assets Municipal bonds 2 $ 400 $ 534 Asset-backed securities 2 319 345 Mortgage-backed securities 2 275 305 Fixed-income mutual fund 1 23,094 22,174 Investment securities (a) $ 24,088 $ 23,358 Executive deferred compensation plan trust (b) 1 $ 6,971 $ 6,798 Interest rate swaps (c) 2 $ 34,014 $ 19,595 Liabilities Interest rate swaps (d) 2 $ — $ 5,373 (a) Not deemed available for current operations and have been classified as long-term assets. (b) The fair value of these instruments is recorded in other assets. (c) The fair value of these instruments is recorded in prepaid expenses and other current assets or other assets depending on the timing of expected discounted cash flows. (d) The fair value of these instruments is recorded in other current liabilities based on the timing of expected discounted cash flows.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Assumptions Used	The table below summarizes the assumptions used to calculate the fair value of service-based stock options by year of grant: 2018 2017 Weighted average expected life (in years) 6.0 6.0 Weighted average exercise price $ 158.23 $ 104.95 Expected stock price volatility 27.35 % 30.67 % Risk-free interest rate 2.69 % 2.13 % Weighted average fair value $ 51.27 $ 35.58

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following tables present the Company’s restructuring activities by initiative: 2015 Restructuring Initiative Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 1,143 $ 3,008 $ 2,680 $ 5,231 Restructuring (reversals) charges (30 ) 431 (77 ) 1,964 Cash paid (313 ) (656 ) (1,804 ) (3,492 ) Liability transfer to 2016 Restructuring Initiative — — — (1,158 ) Foreign currency translation (4 ) (22 ) (3 ) 216 Balance, end of period $ 796 $ 2,761 $ 796 $ 2,761 2016 Restructuring Initiative Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 410 $ 4,342 $ 738 $ 3,662 Restructuring charges 28 88 58 (226 ) Cash paid (199 ) (1,778 ) (555 ) (2,265 ) Liability transfer from 2015 Restructuring Initiative — — — 1,158 Foreign currency translation (2 ) 35 (4 ) 358 Balance, end of period $ 237 $ 2,687 $ 237 $ 2,687 Acquisition Integration Restructuring Initiative Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 32 $ 1,333 $ 5,093 $ 1,764 Restructuring charges — 4,120 240 5,061 Cash paid (32 ) (937 ) (5,355 ) (2,416 ) Other — — 22 107 Balance, end of period $ — $ 4,516 $ — $ 4,516 Total Restructuring Initiatives Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 1,585 $ 8,683 $ 8,511 $ 10,657 Restructuring charges (2 ) 4,639 221 6,799 Cash paid (544 ) (3,371 ) (7,714 ) (8,173 ) Other — — 22 107 Foreign currency translation (6 ) 13 (7 ) 574 Balance, end of period $ 1,033 $ 9,964 $ 1,033 $ 9,964

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of Reportable Segment Results	The following tables present the Company’s reportable segment results: Three Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 116,023 $ 54,345 $ 12,503 $ 182,871 Account servicing revenue 42,810 9,120 26,818 78,748 Finance fee revenue 51,644 670 1,389 53,703 Other revenue 39,135 18,675 9,558 67,368 Total revenues $ 249,612 $ 82,810 $ 50,268 $ 382,690 Interest income $ 1,092 $ 172 $ 543 $ 1,807 Three Months Ended September 30, 2017 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 90,270 $ 44,177 $ 11,255 $ 145,702 Account servicing revenue 44,858 206 26,258 71,322 Finance fee revenue 40,773 87 10,019 50,879 Other revenue 36,177 16,556 3,366 56,099 Total revenues $ 212,078 $ 61,026 $ 50,898 $ 324,002 Interest income $ 944 $ 208 $ 10,899 $ 12,051 Nine Months Ended September 30, 2018 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 335,896 $ 150,411 $ 43,756 $ 530,063 Account servicing revenue 128,039 27,584 80,545 236,168 Finance fee revenue 140,436 1,157 13,365 154,958 Other revenue 117,076 46,201 23,929 187,206 Total revenues $ 721,447 $ 225,353 $ 161,595 $ 1,108,395 Interest income $ 3,127 $ 715 $ 11,698 $ 15,540 Nine Months Ended September 30, 2017 (In thousands) Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Revenues Payment processing revenue $ 264,210 $ 119,328 $ 39,896 $ 423,434 Account servicing revenue 122,238 528 75,772 198,538 Finance fee revenue 113,754 469 22,113 136,336 Other revenue 103,003 43,414 14,518 160,935 Total revenues $ 603,205 $ 163,739 $ 152,299 $ 919,243 Interest income $ 2,764 $ 569 $ 23,253 $ 26,586
Reconciliation of Adjusted Net Income to Income Before Income Taxes	The following table reconciles segment adjusted operating income to income before income taxes: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2018 2017 2018 2017 Segment adjusted operating income Fleet Solutions $ 113,731 $ 92,698 $ 329,364 $ 267,718 Travel and Corporate Solutions 39,377 28,995 99,074 69,697 Health and Employee Benefit Solutions 10,482 11,507 42,444 41,897 Total segment adjusted operating income $ 163,590 $ 133,200 $ 470,882 $ 379,312 Reconciliation: Total segment adjusted operating income $ 163,590 $ 133,200 $ 470,882 $ 379,312 Less: Unallocated corporate expenses 13,414 12,935 42,378 38,056 Acquisition-related intangible amortization 33,439 38,510 103,596 114,603 Other acquisition and divestiture related items 1,536 1,006 2,792 3,380 Debt restructuring costs 317 2,519 3,798 2,519 Stock-based compensation 9,799 8,483 25,659 22,354 Restructuring and other costs 1,973 6,024 8,274 10,169 Impairment charges 2,424 — 2,424 16,175 Operating income 100,688 63,723 281,961 172,056 Financing interest expense (25,718 ) (25,754 ) (78,560 ) (81,449 ) Net foreign currency (loss) gain (1,094 ) 14,611 (27,438 ) 33,578 Net unrealized gain (loss) on financial instruments 2,157 (150 ) 18,371 (849 ) Income before income taxes $ 76,033 $ 52,430 $ 194,334 $ 123,336

Supplementary Regulatory Capi_2

Supplementary Regulatory Capital Disclosure (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	WEX Bank’s actual and regulatory minimum capital amounts and ratios are presented in the following table: (In thousands) Actual Amount Ratio Minimum for Capital Adequacy Purposes Amount Ratio Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio September 30, 2018 Total Capital to risk-weighted assets $ 353,314 12.61 % $ 224,084 8.0 % $ 280,104 10.0 % Tier 1 Capital to average assets $ 335,847 10.93 % $ 122,925 4.0 % $ 153,656 5.0 % Common equity to risk-weighted assets $ 335,847 11.99 % $ 126,047 4.5 % $ 182,068 6.5 % Tier 1 Capital to risk-weighted assets $ 335,847 11.99 % $ 168,063 6.0 % $ 224,084 8.0 % December 31, 2017 Total Capital to risk-weighted assets $ 316,129 13.38 % $ 188,991 8.0 % $ 236,239 10.0 % Tier 1 Capital to average assets $ 304,555 12.50 % $ 97,452 4.0 % $ 121,815 5.0 % Common equity to risk-weighted assets $ 304,555 12.89 % $ 106,308 4.5 % $ 153,555 6.5 % Tier 1 Capital to risk-weighted assets $ 304,555 12.89 % $ 141,743 6.0 % $ 188,991 8.0 %

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets	$ 7,159,742		$ 6,742,851
Liabilities	$ 5,310,485		$ 5,022,293
Restatement Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets		$ 3,700
Liabilities		$ 3,700

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)segment	Sep. 30, 2017USD ($)	Jan. 01, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in revenues	$ 382,690	$ 324,002	$ 1,108,395	$ 919,243
Number of operating segments | segment			3,000
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in revenues	10,387		$ 31,598
Fleet Solutions And Travel And Corporate Solutions | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in revenues	13,800		44,900
Operating expenses	13,800		44,900
Travel and corporate solutions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in revenues	82,810	61,026	225,353	163,739
Travel and corporate solutions | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in revenues	(3,400)		(13,500)
Operating expenses	(3,400)		(13,500)
Health and Employee Benefit Solutions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in revenues	$ 50,268	$ 50,898	$ 161,595	$ 152,299
Health and Employee Benefit Solutions | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment					$ 600

Revenue - Impact of New Account

Revenue - Impact of New Accounting Guidance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment processing revenue	$ 244,872		$ 721,411
Account servicing revenue	78,748	$ 71,322	236,168	$ 198,538
Finance fee revenue	53,703	50,879	154,958	136,336
Other revenue	67,368	56,099	187,206	160,935
Total revenues	382,690	324,002	1,108,395	919,243
Service fees	13,818	19,658	39,847	57,413
Provision for credit losses	21,435	19,614	46,930	47,927
Operating interest	10,268	7,537	28,281	17,049
Depreciation and amortization	19,013	18,879	60,058	54,639
Total cost of services	144,114	134,807	410,624	379,710
General and administrative	51,799	51,538	155,720	133,788
Sales and marketing	54,611	41,585	168,849	121,726
Depreciation and amortization	29,054	32,349	88,817	95,788
Impairment charges	2,424	0	2,424	16,175
Operating income	100,688	63,723	281,961	172,056
Financing interest expense	(25,718)	(25,754)	(78,560)	(81,449)
Net foreign currency (loss) gain	(1,094)	14,611	(27,438)	33,578
Net unrealized gain (loss) on financial instruments	2,157	(150)	18,371	(849)
Income before income taxes	76,033	52,430	194,334	123,336
Income taxes	18,751	18,570	48,278	43,760
Net income	57,282	33,860	146,056	79,576
Less: Net (loss) income from non-controlling interest	(40)	(111)	803	(886)
Net income attributable to shareholders	57,322	33,971	145,253	80,462
Prior to Adoption
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Account servicing revenue	78,748		236,168
Finance fee revenue	53,703		154,958
Other revenue	65,682		183,997
Total revenues	372,303		1,076,797
Service fees	17,234		53,310
Provision for credit losses	21,435		46,930
Operating interest	10,268		28,281
Depreciation and amortization	19,013		60,058
Total cost of services	147,530		424,087
General and administrative	51,799		155,720
Sales and marketing	40,846		123,996
Depreciation and amortization	29,054		88,817
Impairment charges	2,424		2,424
Operating income	100,650		281,753
Financing interest expense	(25,718)		(78,560)
Net foreign currency (loss) gain	(1,094)		(27,438)
Net unrealized gain (loss) on financial instruments	2,157		18,371
Income before income taxes	75,995		194,126
Income taxes	18,741		48,222
Net income	57,254		145,904
Less: Net (loss) income from non-controlling interest	(40)		803
Net income attributable to shareholders	57,294		145,101
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Account servicing revenue	0		0
Finance fee revenue	0		0
Other revenue	1,686		3,209
Total revenues	10,387		31,598
Service fees	(3,416)		(13,463)
Provision for credit losses	0		0
Operating interest	0		0
Depreciation and amortization	0		0
Total cost of services	(3,416)		(13,463)
General and administrative	0		0
Sales and marketing	13,765		44,853
Depreciation and amortization	0		0
Impairment charges	0		0
Operating income	38		208
Financing interest expense	0		0
Net foreign currency (loss) gain	0		0
Net unrealized gain (loss) on financial instruments	0		0
Income before income taxes	38		208
Income taxes	10		56
Net income	28		152
Less: Net (loss) income from non-controlling interest	0		0
Net income attributable to shareholders	28		152
Payment processing revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment processing revenue	182,871	145,702	530,063	423,434
Processing costs	79,580	$ 69,119	235,508	$ 202,682
Payment processing revenue | Prior to Adoption
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment processing revenue	174,170		501,674
Processing costs	79,580		235,508
Payment processing revenue | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment processing revenue	8,701		28,389
Processing costs	$ 0		$ 0

Revenue - Summary of Disaggrega

Revenue - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	$ 244,872		$ 721,411
Non-Topic 606 revenues	382,690	$ 324,002	1,108,395	$ 919,243
Fleet Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	134,664		395,954
Non-Topic 606 revenues	249,612	212,078	721,447	603,205
Travel and corporate solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	64,528		181,381
Non-Topic 606 revenues	82,810	61,026	225,353	163,739
Health and Employee Benefit Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	45,680		144,076
Non-Topic 606 revenues	50,268	50,898	161,595	152,299
Payment processing revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	182,871	145,702	530,063	423,434
Payment processing revenue | Fleet Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	116,023	90,270	335,896	264,210
Payment processing revenue | Travel and corporate solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	54,345	44,177	150,411	119,328
Payment processing revenue | Health and Employee Benefit Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	12,503	$ 11,255	43,756	$ 39,896
Account servicing revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	42,858		128,899
Non-Topic 606 revenues	35,890		107,269
Account servicing revenue | Fleet Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	6,920		20,770
Non-Topic 606 revenues	35,890		107,269
Account servicing revenue | Travel and corporate solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	9,120		27,584
Non-Topic 606 revenues	0		0
Account servicing revenue | Health and Employee Benefit Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	26,818		80,545
Non-Topic 606 revenues	0		0
Finance fee revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	53,703		154,958
Finance fee revenue | Fleet Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	51,644		140,436
Finance fee revenue | Travel and corporate solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	670		1,157
Finance fee revenue | Health and Employee Benefit Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	1,389		13,365
Other revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	19,143		62,449
Non-Topic 606 revenues	48,225		124,757
Other revenue | Fleet Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	11,721		39,288
Non-Topic 606 revenues	27,414		77,788
Other revenue | Travel and corporate solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	1,063		3,386
Non-Topic 606 revenues	17,612		42,815
Other revenue | Health and Employee Benefit Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Topic 606 revenues	6,359		19,775
Non-Topic 606 revenues	3,199		4,154
Total non-Topic 606 revenues
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	137,818		386,984
Total non-Topic 606 revenues | Fleet Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	114,948		325,493
Total non-Topic 606 revenues | Travel and corporate solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	18,282		43,972
Total non-Topic 606 revenues | Health and Employee Benefit Solutions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Non-Topic 606 revenues	$ 4,588		$ 17,519

Revenue - Contract Assets and L

Revenue - Contract Assets and Liabilities From Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Variable consideration	$ 235,300	$ 656,500
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	7,709	7,709	$ 7,053
Short-term deposits	878,071	878,071		$ 986,989
Contract liability, revenue recognized	2,900	8,200
Accounts receivable, net
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	27,738	27,738	30,386
Other assets
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	47,646	47,646	49,068
Other current liabilities
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Short-term deposits	$ 23,723	$ 23,723	$ 26,592

Revenue - Remaining Performance

Revenue - Remaining Performance Obligation (Details) $ in Thousands	Sep. 30, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 20,666
Performance obligations expected to be satisfied, expected timing	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01 | Monthly Fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 17,265
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01 | Professional Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	3,401
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 66,904
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01 | Monthly Fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 57,108
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01 | Professional Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	9,796
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 35,176
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | Monthly Fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 35,176
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | Professional Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 19,648
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Monthly Fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 19,648
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Professional Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 9,803
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Monthly Fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 9,803
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Professional Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	2,226
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Monthly Fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	2,226
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Professional Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 154,423
Performance obligations expected to be satisfied, expected timing
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil) | Monthly Fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 141,226
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil) | Professional Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 13,197

Business Acquisition (Details)

Business Acquisition (Details) - USD ($) $ in Thousands	2 Months Ended	9 Months Ended
	Dec. 31, 2017	Sep. 30, 2018	Oct. 18, 2017
Less:
Recorded goodwill	$ 1,876,132	$ 1,838,909
AOC
Business Acquisition [Line Items]
Total consideration	129,828	129,828	$ 129,800
Less:
Cash	15,546	15,546
Accounts receivable	4,171	4,271
Property and equipment	2,530	1,201
Other liabilities	(685)	(1,457)
Recorded goodwill	67,706	47,897
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Total consideration		0
Cash		0
Accounts receivable		100
Property and equipment		(1,329)
Other liabilities		(772)
Recorded goodwill		$ (19,809)
Weighted average life (in years)		5 years 6 months
Total revenues	6,700
Net loss before taxes	600
Customer relationships | AOC
Less:
Intangible assets	15,000	$ 15,200
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Intangible assets		$ 200
Weighted average life (in years)		9 years
Developed technologies | AOC
Less:
Intangible assets	24,100	$ 24,100
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Intangible assets		$ 0
Weighted average life (in years)		3 years 4 months 24 days
Trademarks and trade names | AOC
Less:
Intangible assets	1,460	$ 1,470
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Intangible assets		$ 10
Weighted average life (in years)		4 years 3 months 18 days
In Process Research and Development | AOC
Less:
In-process research and development	$ 0	$ 21,600
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Intangible assets		$ 21,600

Accounts Receivable - Additiona

Accounts Receivable - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Concentration Risk [Line Items]
Trade receivable payments terms (30 days or less)	30 days
Threshold period past due for write-off of trade accounts receivable	150 days
Revolving line-of-credit facility under 2016 Credit Agreement
Concentration Risk [Line Items]
Receivables with revolving credit balances	$ 19.5	$ 12.2
29 days or less past due | Credit Concentration Risk | Accounts receivable, net
Concentration Risk [Line Items]
Concentration risk, percentage	97.00%	95.00%
59 days or less past due | Credit Concentration Risk | Accounts receivable, net
Concentration Risk [Line Items]
Concentration risk, percentage	99.00%	97.00%

Accounts Receivable - Changes i

Accounts Receivable - Changes in Reserves for Accounts Receivable (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance, beginning of year	$ 30,207	$ 20,092
Provision for credit losses	46,930	47,927
Charges to other accounts	14,408	12,221
Charge-offs	(58,532)	(53,044)
Recoveries of amounts previously charged-off	5,439	5,085
Currency translation	(349)	431
Balance, end of period	$ 38,103	$ 32,712

Earnings per Share - Summary of

Earnings per Share - Summary of Net Earning Attributable to Shareholders and Reconciliation of Basic and Diluted Shares (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Net income attributable to shareholders	$ 57,322	$ 33,971	$ 145,253	$ 80,462
Weighted average common shares outstanding – Basic (in shares)	43,191	43,014	43,141	42,963
Dilutive impact of share-based compensation awards (in shares)	424	87	417	129
Weighted average common shares outstanding – Diluted (in shares)	43,615	43,101	43,558	43,092

Earnings per Share - Stock Opti

Earnings per Share - Stock Options and Restricted Stock Units (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	0

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Billions	Sep. 30, 2018USD ($)	Dec. 31, 2017contract
Derivative [Line Items]
Lines of credit outstanding	$ 1.7
Interest rate swaps
Derivative [Line Items]
Number of interest rate swap contracts entered into | contract		5
Borrowings under derivative agreements	$ 1.3
Interest rate swaps | Minimum
Derivative [Line Items]
Fixed rate variable interest	0.896%
Interest rate swaps | Maximum
Derivative [Line Items]
Fixed rate variable interest	2.212%

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Interest Rate Swaps (Details) - Derivatives Not Designated as Hedging Instruments	Sep. 30, 2018USD ($)
Tranche A
Derivative [Line Items]
Notional amount at inception (in thousands)	$ 300,000,000
Fixed interest rate	2.204%
Tranche B
Derivative [Line Items]
Notional amount at inception (in thousands)	$ 200,000,000
Fixed interest rate	2.212%
Tranche C
Derivative [Line Items]
Notional amount at inception (in thousands)	$ 400,000,000
Amortization	5.00%
Fixed interest rate	1.108%
Tranche D
Derivative [Line Items]
Notional amount at inception (in thousands)	$ 150,000,000
Fixed interest rate	1.125%
Tranche E
Derivative [Line Items]
Notional amount at inception (in thousands)	$ 250,000,000
Fixed interest rate	0.896%

Derivative Instruments - Locati

Derivative Instruments - Location and Amounts of Interest Rate Swap Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gain (loss) on financial instruments	$ 2,157	$ (150)	$ 18,371	$ (849)
Derivatives Not Designated as Hedging Instruments | Net unrealized gain on interest rate swap agreements | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gain (loss) on financial instruments	2,340	(150)	19,792	(849)
Derivatives Not Designated as Hedging Instruments | Financing interest income | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gain (loss) on financial instruments	$ 1,866	$ 377	$ 3,542	$ (243)

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Certificates of deposits denominations in dollar amount	$ 250,000
Maximum money market and demand deposit accounts purchasable	125,000,000
Outstanding balance of ICS purchases	$ 0	$ 0
Minimum
Debt Instrument [Line Items]
Certificate of deposits maturities period	3 months
Certificate of deposits, fixed interest rates range (as a percent)	1.30%	1.00%
Maximum
Debt Instrument [Line Items]
Certificate of deposits maturities period	5 years
Certificate of deposits, fixed interest rates range (as a percent)	3.45%	2.15%

Financing and Other Debt - Sche

Financing and Other Debt - Schedule of Debt (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,414,233,000	$ 2,461,048,000
Current portion of gross debt	245,608,000	404,233,000
Less: Unamortized debt issuance costs	(6,744,000)	(7,015,000)
Short-term debt, net	238,864,000	397,218,000
Long-term gross debt	2,168,625,000	2,056,815,000
Less: Unamortized debt issuance costs	(27,750,000)	(29,063,000)
Long-term debt, net	2,140,875,000	2,027,752,000
Lines of credit outstanding	1,700,000,000
Loan Participations and Assignments
Debt Instrument [Line Items]
Long-term debt, gross	140,965,000	184,990,000
Revolving line-of-credit facility under 2016 Credit Agreement | 2016 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	666,282,000	405,965,000
Secured debt
Debt Instrument [Line Items]
Long-term debt, gross	111,556,000	126,901,000
Line of Credit | Revolving line-of-credit facility under 2016 Credit Agreement | 2016 Credit Agreement
Debt Instrument [Line Items]
Long-term debt, gross	0	136,535,000
Line of Credit | Secured debt | 2016 Credit Agreement
Debt Instrument [Line Items]
Long-term debt, gross	1,753,904,000	1,602,875,000
Notes payable | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	400,000,000	400,000,000
Letter of Credit | Revolving line-of-credit facility under 2016 Credit Agreement | 2016 Credit Agreement
Debt Instrument [Line Items]
Lines of credit outstanding	$ 53,718,000	$ 27,500,000

Deposits - Schedule of Composi

Deposits - Schedule of Composition of Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Interest-bearing brokered money market deposits	$ 238,382	$ 285,899
Customer deposits	108,800	70,211
Certificates of deposit with maturities within 1 year	530,889	630,879
Short-term deposits	878,071	986,989
Certificates of deposit with maturities greater than 1 year and less than 5 years	386,770	306,865
Total deposits	$ 1,264,841	$ 1,293,854
Weighted average cost of funds on certificates of deposit outstanding (as a percent)	2.16%	1.51%
Weighted average cost of interest-bearing money market deposits (as a percent)	2.24%	1.49%

Financing and Other Debt - Addi

Financing and Other Debt - Additional Information (Details) - USD ($)	Aug. 24, 2018	Jan. 17, 2018	Apr. 07, 2016	Jan. 31, 2018	Mar. 31, 2018	Sep. 30, 2018	Dec. 31, 2017	Aug. 23, 2018	Jan. 16, 2018
Debt Instrument [Line Items]
Loss on extinguishment of debt					$ 1,100,000
General and administrative costs incurred				$ 3,800,000
Debt issuance costs				$ 6,100,000
Long-term debt						$ 2,414,233,000	$ 2,461,048,000
Eurocurrency Rate
Debt Instrument [Line Items]
Interest rate during period, percent		2.25%
Base Rate
Debt Instrument [Line Items]
Interest rate during period, percent		1.25%
2016 Credit Agreement Tranche A | Interest Rate Option One | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent						2.00%
Basis spread on variable rate, reduction in basis points		0.50%
2016 Credit Agreement Tranche B
Debt Instrument [Line Items]
Weighted average annual interest rate, percent						4.30%	4.20%
2016 Credit Agreement Tranche B | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, reduction in basis points	0.25%
2016 Credit Agreement Tranche B | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate, reduction in basis points	0.25%
2016 Credit Agreement Tranche B | Interest Rate Option One | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent						2.25%
Debt instrument, interest rate, floor						0.00%
2016 Credit Agreement
Debt Instrument [Line Items]
Debt covenant, one time consideration payment, minimum	$ 300,000,000
Australian Securitization Facility
Debt Instrument [Line Items]
Interest rate during period, percent						2.79%	2.53%
Debt instrument, term						1 year
Percentage used as collateral						85.00%
Short-term debt, net						$ 87,900,000	$ 90,000,000
European Securitization Facility
Debt Instrument [Line Items]
Interest rate during period, percent						0.91%	1.11%
Debt instrument, term			5 years
Securitized debt						$ 23,700,000	$ 17,900,000
Loan Participations and Assignments
Debt Instrument [Line Items]
Long-term debt						140,965,000	184,990,000
Debt balance						$ 141,000,000	$ 185,000,000
Loan Participations and Assignments | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin on variable rate, percent						2.25%
Loan Participations and Assignments, Amounts Maturing August 2018
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount						$ 75,400,000
Loan Participations and Assignments, Amounts Maturing August 2020
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount						50,000,000
Loan Participations and Assignments, Amounts Maturing On Demand
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount						15,600,000
Credit Facility Term Loans | 2016 Credit Agreement Tranche A
Debt Instrument [Line Items]
Current borrowing capacity						455,000,000
Mandatory quarterly payments						5,400,000
Credit Facility Term Loans | 2016 Credit Agreement Tranche B
Debt Instrument [Line Items]
Current borrowing capacity		$ 1,335,000,000				1,335,000,000			$ 1,182,000,000
Mandatory quarterly payments						3,400,000
Credit Facility Term Loans | 2016 Credit Agreement
Debt Instrument [Line Items]
Current borrowing capacity	25,000,000
Revolving line-of-credit facility under 2016 Credit Agreement | 2016 Credit Agreement
Debt Instrument [Line Items]
Current borrowing capacity	$ 720,000,000					$ 720,000,000		$ 570,000,000
Debt covenant, consolidated leverage ratio, period one	5
Debt covenant, consolidated leverage ratio, period two	4.50
Debt covenant, consolidated leverage ratio, period three	4
Debt covenant, interim consolidated leverage ratio	4.25
Revolving line-of-credit facility under 2016 Credit Agreement | 2016 Credit Agreement | Base Rate
Debt Instrument [Line Items]
Interest rate during period, percent	1.00%
Revolving line-of-credit facility under 2016 Credit Agreement | 2016 Credit Agreement | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate during period, percent	2.00%
WEX Latin America
Debt Instrument [Line Items]
Weighted average annual interest rate, percent						16.87%	21.20%
Long-term debt						$ 7,808,000	$ 9,747,000
Senior Notes | Notes payable
Debt Instrument [Line Items]
Long-term debt						$ 400,000,000	400,000,000
Interest rate, stated percentage						4.75%
Line of Credit
Debt Instrument [Line Items]
Long-term debt						$ 0	$ 0
Maximum borrowing capacity						$ 310,000,000

Off-Balance Sheet Arrangements

Off-Balance Sheet Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of factoring receivables	$ 1,309,200			$ 1,309,200
Loss on sale of factoring receivables	400
Operating interest	1,807	$ 12,051		15,540	$ 26,586
WEX Europe Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of factoring receivables	171,200			532,100
Loss on sale of factoring receivables	1,100	$ 1,200		3,500	$ 2,600
Amount of factoring receivables	58,600			58,600		$ 61,800
Amount of factoring receivables, portion in excess of the established credit limit	600			600		3,700
WEX Latin America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loss on sale of factoring receivables	(3,200)
WEX Latin America Securitization Facility | WEX Latin America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Securitized debt	30,100		$ 30,100	30,100		$ 19,000
Operating interest			$ 4,400
Receivables derecognized	$ 31,400			$ 31,400

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Measured at Fair Value and Related Hierarchy Levels (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Total available-for-sale securities	$ 24,088	$ 23,358
Level 2 | Interest rate swaps
Assets
Derivative asset	34,014	19,595
Liabilities
Interest rate swaps	0	5,373
Level 1
Assets
Executive deferred compensation plan trust	6,971	6,798
Municipal bonds | Level 2
Assets
Total available-for-sale securities	400	534
Asset-backed securities | Level 2
Assets
Total available-for-sale securities	319	345
Mortgage-backed securities | Level 2
Assets
Total available-for-sale securities	275	305
Fixed-income mutual fund | Level 1
Assets
Total available-for-sale securities	$ 23,094	$ 22,174

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Senior Notes | Estimate of Fair Value Measurement | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 401	$ 410

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Effective tax rate	24.70%		35.40%	24.80%	35.50%
Tax Act, provisional income tax benefit		$ 60.6
Undistributed earnings of certain foreign subsidiaries	$ 61.8	$ 58.7		$ 61.8

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Fair value of units awarded	$ 4.7	$ 0.4	$ 34.8	$ 45.7

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Assumptions Used to Calculate Fair Value of Stock Options (Details) - Stock Options - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average expected life (in years)	6 years	6 years
Weighted average exercise price (in dollars per share)	$ 158.23	$ 104.95
Expected stock price volatility (as a percent)	27.35%	30.67%
Weighted average risk–free rate	2.69%	2.13%
Weighted average fair value (in dollars per share)	$ 51.27	$ 35.58

Restructuring Activities - Addi

Restructuring Activities - Additional Information (Details) $ in Millions	Sep. 30, 2018USD ($)
Restructuring and Related Activities [Abstract]
Restructuring charges incurred to date	$ 24.7

Restructuring Activities - Sche

Restructuring Activities - Schedule of Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Restructuring Reserve
Balance, beginning of period	$ 1,585	$ 8,683	$ 8,511	$ 10,657
Restructuring (reversals) charges	(2)	4,639	221	6,799
Cash paid	(544)	(3,371)	(7,714)	(8,173)
Other	0	0	22	107
Foreign currency translation	(6)	13	(7)	574
Balance, end of period	1,033	9,964	1,033	9,964
Year 2,015
Restructuring Reserve
Balance, beginning of period	1,143	3,008	2,680	5,231
Restructuring (reversals) charges	(30)	431	(77)	1,964
Cash paid	(313)	(656)	(1,804)	(3,492)
Liability transfer from (to) other plan	0	0	0	(1,158)
Foreign currency translation	(4)	(22)	(3)	216
Balance, end of period	796	2,761	796	2,761
Year 2,016
Restructuring Reserve
Balance, beginning of period	410	4,342	738	3,662
Restructuring (reversals) charges	28	88	58	(226)
Cash paid	(199)	(1,778)	(555)	(2,265)
Liability transfer from (to) other plan	0	0	0	1,158
Foreign currency translation	(2)	35	(4)	358
Balance, end of period	237	2,687	237	2,687
Acquisition Integration Restructuring Initiative
Restructuring Reserve
Balance, beginning of period	32	1,333	5,093	1,764
Restructuring (reversals) charges	0	4,120	240	5,061
Cash paid	(32)	(937)	(5,355)	(2,416)
Other	0	0	22	107
Balance, end of period	$ 0	$ 4,516	$ 0	$ 4,516

Segment Information - Additiona

Segment Information - Additional Information (Details)	9 Months Ended
	Sep. 30, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information - Revenue b

Segment Information - Revenue by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Payment processing revenue	$ 244,872		$ 721,411
Account servicing revenue	78,748	$ 71,322	236,168	$ 198,538
Finance fee revenue	53,703	50,879	154,958	136,336
Other revenue	67,368	56,099	187,206	160,935
Total revenues	382,690	324,002	1,108,395	919,243
Interest income	1,807	12,051	15,540	26,586
Fleet Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	134,664		395,954
Account servicing revenue	42,810	44,858	128,039	122,238
Finance fee revenue	51,644	40,773	140,436	113,754
Other revenue	39,135	36,177	117,076	103,003
Total revenues	249,612	212,078	721,447	603,205
Interest income	1,092	944	3,127	2,764
Travel and Corporate Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	64,528		181,381
Account servicing revenue	9,120	206	27,584	528
Finance fee revenue	670	87	1,157	469
Other revenue	18,675	16,556	46,201	43,414
Total revenues	82,810	61,026	225,353	163,739
Interest income	172	208	715	569
Health and Employee Benefit Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	45,680		144,076
Account servicing revenue	26,818	26,258	80,545	75,772
Finance fee revenue	1,389	10,019	13,365	22,113
Other revenue	9,558	3,366	23,929	14,518
Total revenues	50,268	50,898	161,595	152,299
Interest income	543	10,899	11,698	23,253
Payment processing revenue
Segment Reporting Information [Line Items]
Payment processing revenue	182,871	145,702	530,063	423,434
Payment processing revenue | Fleet Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	116,023	90,270	335,896	264,210
Payment processing revenue | Travel and Corporate Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	54,345	44,177	150,411	119,328
Payment processing revenue | Health and Employee Benefit Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	$ 12,503	$ 11,255	$ 43,756	$ 39,896

Segment Information - Reconcili

Segment Information - Reconciliation of Adjusted Operating Income to Income Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Adjusted operating income	$ 163,590	$ 133,200	$ 470,882	$ 379,312
Stock-based compensation			24,657	22,354
Impairment charges	2,424	0	2,424	16,175
Operating income	100,688	63,723	281,961	172,056
Financing interest expense	(25,718)	(25,754)	(78,560)	(81,449)
Net foreign currency (loss) gain	(1,094)	14,611	(27,438)	33,578
Net unrealized gain (loss) on financial instruments	2,157	(150)	18,371	(849)
Income before income taxes	76,033	52,430	194,334	123,336
Fleet Solutions
Segment Reporting Information [Line Items]
Adjusted operating income	113,731	92,698	329,364	267,718
Travel and corporate solutions
Segment Reporting Information [Line Items]
Adjusted operating income	39,377	28,995	99,074	69,697
Health and Employee Benefit Solutions
Segment Reporting Information [Line Items]
Adjusted operating income	10,482	11,507	42,444	41,897
Segment reconciling items
Segment Reporting Information [Line Items]
Unallocated corporate expenses	13,414	12,935	42,378	38,056
Acquisition-related intangible amortization	33,439	38,510	103,596	114,603
Other acquisition and divestiture related items	1,536	1,006	2,792	3,380
Debt restructuring costs	317	2,519	3,798	2,519
Stock-based compensation	9,799	8,483	25,659	22,354
Restructuring and other costs	1,973	6,024	8,274	10,169
Impairment charges	$ 2,424	$ 0	$ 2,424	$ 16,175

Supplementary Regulatory Capi_3

Supplementary Regulatory Capital Disclosure (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Total Capital to risk-weighted assets, Actual Amount	$ 353,314	$ 316,129
Total Capital to risk-weighted assets, Actual, Ratio	12.61%	13.38%
Total Capital to risk-weighted assets, Minimum for Capital Adequacy Purposes Amount	$ 224,084	$ 188,991
Total Capital to risk-weighted assets, Minimum for Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total Capital to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 280,104	$ 236,239
Total Capital to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital to average assets, Actual Amount	$ 335,847	$ 304,555
Tier 1 Capital to average assets, Actual, Ratio	10.93%	12.50%
Tier 1 Capital to average assets, Minimum for Capital Adequacy Purposes Amount	$ 122,925	$ 97,452
Tier 1 Capital to average assets, Minimum for Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier 1 Capital to average assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 153,656	$ 121,815
Tier 1 Capital to average assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provision, Ratio	5.00%	5.00%
Common equity to risk-weighted assets, Actual Amount	$ 335,847	$ 304,555
Common equity to risk-weighted assets, Actual, Ratio	11.99%	12.89%
Common equity to risk-weighted assets, Minimum for Capital Adequacy Purposes Amount	$ 126,047	$ 106,308
Common equity to risk-weighted assets, Minimum for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common equity to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 182,068	$ 153,555
Common equity to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital to risk-weighted assets, Actual Amount	$ 335,847	$ 304,555
Tier 1 Capital to risk-weighted assets, Actual, Ratio	11.99%	12.89%
Tier 1 Capital to risk-weighted assets, Minimum for Capital Adequacy Purposes Amount	$ 168,063	$ 141,743
Tier 1 Capital to risk-weighted assets, Minimum for Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier 1 Capital to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 224,084	$ 188,991
Tier 1 capital to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount, Ratio	8.00%	8.00%

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ in Millions	1 Months Ended
	Oct. 31, 2018USD ($)
Subsequent Event [Line Items]
Consideration transferred	$ 310
Payment for trade accounts receivable portfolio	200
Premium in excess of receivables' estimated fair value	$ 160
Contract modification, customer relationship term from date of final conversion	13 years