Selected Operating Expenses Fleet credit losses at 6.9 basis points vs 18.5 last yearOperating interest
down due to lower interest rates and lower deposits at WEX Bank General and Administrative expenses increased due to eNett/Optal deal and stock compensationSales and marketing expenses increased due to accounting change last year, higher
partner rebates and expected increases in Fleet and Health segmentsLegal settlement relates to estimated apportionment of the total eNett and Optal purchase price attributed to litigation settlement with the remainder attributed to purchase
price of the companiesImpairment charge is related to European fuel business primarily due to pandemic related volume declines (In thousands) 4Q20 4Q19 $ ∆ Yr/Yr % ∆ Yr/Yr Processing
costs $ 111,889 $ 111,543 $ 346 0.3 % Service fees $ 12,954 $ 13,679 $ (725) (5.3) % Provision for credit losses $ 11,592 $ 18,194 $ (6,602) (36.3) % Operating
interest $ 3,659 $ 10,150 $ (6,491) (64.0) % General and administrative $ 94,677 $ 69,732 $ 24,945 35.8 % Sales and marketing $ 78,566 $ 49,230 $ 29,336 59.6 % Legal
settlement $ 162,500 $ — $ 162,500 NM Impairment charges $ 53,378 $ — $ 53,378 NM Cost of services Selling general and administrative Selected Operating Expenses (GAAP) NM = Not meaningful Impairment
charge and legal settlement