Wex (WEX) Debt Ratio (2009 - 2026)
Wex's (WEX) quarterly Debt Ratio came in at 0.32 in Q2 2026, down 12.44% YoY from 0.37 in Q2 2025, and down 4.36% on a QoQ basis from 0.34 in Q1 2026.
Wex (WEX) Debt Ratio (2009 - 2026) Analysis & Trends
Wex (WEX) has 18 years of Debt Ratio data on file, last reported at 0.32 in Q2 2026.
- Quarterly Debt Ratio fell 12.44% year-over-year to 0.32 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.32 (down 12.44% YoY) and the FY2025 annual result came in at 0.34, up 2.73% from the prior year.
- Debt Ratio declined to 0.32 in Q2 2026, from 0.34 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.4 in Q1 2025 to a low of 0.23 in Q1 2023.
- A 5-year average of 0.3 and a median of 0.29 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio decreased 27.02% — and 2025, when it surged 37.51%.
- Tracing WEX's Debt Ratio over 5 years: 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 retreated by 3.76% to 0.32 in 2026.
- The last three Debt Ratio figures came in at 0.32 (Q2 2026), 0.34 (Q1 2026), and 0.34 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 0.05 |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | - |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 0.47 |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 0.00 |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 0.05 |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 0.20 |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 0.21 |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 0.05 |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 0.16 |
| 10 | Wex | 6.67 Bn | 568.61 Mn | 463.80 Mn | 0.32 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.32 |
| 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 |