Roberto Simon | Source | CFO at WEX Inc.

Revenue was up 13% in the first quarter, driven by outperformance in our Corporate Payments and U.S. Health businesses, partially offset by lower travel and, to a lesser extent, fleet volumes in the back half of the quarter as COVID-19 began to impact those end markets. In response to these challenging market conditions, which are continuing into the second quarter, we rescaled portions of the business to better align with the current operating environment. We are effectively responding to COVID-19 developments and remain confident in our business and the future of WEX.