Wex (WEX) Cost of Revenue (2009 - 2026)
Wex's Cost of Revenue was $289.7 million in Q2 2026, up 6.2% from $272.7 million a year earlier and up 3.4% from the prior quarter.
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Wex (WEX) Cost of Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Wex's Cost of Revenue was $1.13 billion through Jun 30, 2026, up 7.5% year-over-year; for FY2025, it was $1.1 billion, up 6.1% from FY2024.
- Cost of Revenue has now increased for 16 consecutive years, with a five-year compound annual growth rate of 10.3% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $1.04 billion in FY2024 (+6.6%), $973.3 million in FY2023 (+4.6%), $930.5 million in FY2022 (+32.5%) and $702.1 million in FY2021 (+4.3%).
- The Q2 2026 figure marks the highest quarterly Cost of Revenue since Q4 2016.
- Compared with a year earlier, Cost of Revenue has increased for 11 straight quarters, with growth averaging 5.2% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q3 2022 (growth of 40.1%); the worst was Q3 2023 (a decline of 6.7%).
- Per Business Quant data, WEX's Cost of Revenue in the three quarters before Q2 2026 was $280.1 million (Q1 2026), $283.6 million (Q4 2025) and $274.3 million (Q3 2025).
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Wex Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "WEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();