Wex (WEX) EBITDA Margin (2009 - 2026)
Wex (WEX) recorded EBITDA Margin of 37.98% in Q2 2026, up 1.48 percentage points from 36.51% a year earlier and up 2.39 percentage points from the prior quarter.
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Analysis
Wex (WEX) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Wex's EBITDA Margin came in at 37.30% as of Jun 30, 2026, down 1.05 percentage points year-over-year; for FY2025, it was 37.39%, down 0.94 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +26.48 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 38.34% in FY2024 (+2.10 pp), 36.24% in FY2023 (+5.02 pp), 31.21% in FY2022 (-2.00 pp) and 33.21% in FY2021 (+22.30 pp).
- Quarterly EBITDA Margin has ranged from 14.19% in Q3 2022 to 41.76% in Q3 2024 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of +0.34 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 68.56 percentage points in Q4 2021, against a drop of 20.89 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 35.59% (Q1 2026), 36.89% (Q4 2025) and 38.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -5.44% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 19.27% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 8.19% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -370.41% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 44.11% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 35.37% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 37.59% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -24.67% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 19.18% |
| 10 | Wex | 6.07 Bn | -15.62 Bn | 463.80 Mn | 37.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.98% |
| Mar 31, 2026 | 35.59% |
| Dec 31, 2025 | 36.89% |
| Sep 30, 2025 | 38.64% |
| Jun 30, 2025 | 36.51% |
| Mar 31, 2025 | 37.51% |
| Dec 31, 2024 | 37.56% |
| Sep 30, 2024 | 41.76% |
| Jun 30, 2024 | 36.78% |
| Mar 31, 2024 | 37.21% |
| Dec 31, 2023 | 35.19% |
| Sep 30, 2023 | 37.21% |
| Jun 30, 2023 | 36.44% |
| Mar 31, 2023 | 36.13% |
| Dec 31, 2022 | 35.71% |
| Sep 30, 2022 | 14.19% |
| Jun 30, 2022 | 39.55% |
| Mar 31, 2022 | 36.48% |
| Dec 31, 2021 | 35.93% |
| Sep 30, 2021 | 35.08% |
API Access
Wex EBITDA Margin 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=ebitda-margin&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();