Wex (WEX) Debt Ratio (2009 - 2026)

Wex (WEX) reported Debt Ratio of 0.34 for Q1 2026, down 15.11% on a YoY basis from 0.4 in Q1 2025, and up 0.63% quarter-over-quarter from 0.34 in Q4 2025.

Wex (WEX) Debt Ratio (2009 - 2026) Analysis & Trends

Wex has reported Debt Ratio for 18 years, with the latest figure at 0.34 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 15.11% year-over-year to 0.34; the trailing twelve-month figure through Mar 2026 stood at 0.34 (down 15.11% YoY), and the FY2025 full-year result was 0.34, up 2.73% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.34, up from 0.34 in the prior quarter.
  • The five-year high for Debt Ratio was 0.4 in Q1 2025, with the low at 0.23 in Q1 2023.
  • Historically, Debt Ratio has averaged 0.3 across 5 years, with a median of 0.29 in 2024.
  • Annual changes were most pronounced in 2022 — Debt Ratio decreased 27.02% — and 2025, when it surged 37.51%.
  • Wex's Debt Ratio stood at 0.24 in 2022, then increased by 17.91% to 0.28 in 2023, then rose by 17.86% to 0.33 in 2024, then increased by 2.73% to 0.34 in 2025, then increased by 0.63% to 0.34 in 2026.
  • The last three Debt Ratio figures came in at 0.34 (Q1 2026), 0.34 (Q4 2025), and 0.35 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Microsoft 2,903.35 Bn 2,825.07 Bn 56.06 Bn 0.06
2 Alarum Technologies 1,127.45 Bn 1,113.30 Bn 7.23 Mn -
3 Oracle 528.84 Bn 490.27 Bn 15.14 Bn 0.51
4 Palantir Technologies 306.36 Bn 298.44 Bn 1.42 Bn -
5 Palo Alto Networks 194.33 Bn 189.79 Bn 1.91 Bn -
6 CrowdStrike Holdings 171.19 Bn 168.13 Bn 993.68 Mn 0.07
7 Fortinet 108.13 Bn 104.84 Bn 1.49 Bn 0.05
8 Synopsys 86.21 Bn 86.09 Bn 1.77 Bn 0.21
9 Cloudflare 80.35 Bn 79.41 Bn 455.60 Mn 0.21
10 Wex 4.66 Bn -744.15 Mn 393.70 Mn 0.34

Historic Data

Download Data
DateValue
Mar 31, 2026 0.34
Dec 31, 2025 0.34
Sep 30, 2025 0.35
Jun 30, 2025 0.37
Mar 31, 2025 0.40
Dec 31, 2024 0.33
Sep 30, 2024 0.33
Jun 30, 2024 0.30
Mar 31, 2024 0.29
Dec 31, 2023 0.28
Sep 30, 2023 0.26
Jun 30, 2023 0.24
Mar 31, 2023 0.23
Dec 31, 2022 0.24
Sep 30, 2022 0.24
Jun 30, 2022 0.24
Mar 31, 2022 0.26
Dec 31, 2021 0.28
Sep 30, 2021 0.31
Jun 30, 2021 0.33