Wex (WEX) Free Cash Flow (2009 - 2026)
Wex (WEX) posted quarterly Free Cash Flow of -$121.1 million for Q2 2026, down 152.65% year-on-year from $230.0 million in Q2 2025, and up 67.12% on a QoQ basis from -$368.3 million in Q1 2026.
Wex (WEX) Free Cash Flow (2009 - 2026) Analysis & Trends
Wex (WEX) has reported Free Cash Flow for 18 consecutive years, with -$121.1 million the latest figure, recorded in Q2 2026.
- Quarterly Free Cash Flow fell 152.65% year-over-year to -$121.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $108.5 million (down 61.77% YoY) and the FY2025 annual result came in at $313.7 million, down 6.11% from the prior year.
- Free Cash Flow advanced to -$121.1 million in Q2 2026 per WEX's latest filing, from -$368.3 million in the prior quarter.
- Over the last five years, Free Cash Flow for WEX reached as high as $720.0 million in Q4 2023 and fell as low as -$514.2 million in Q1 2025.
- A 5-year average of $82.7 million and a median of $3.3 million in 2023 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow sank 5251.43% — and 2025, when it soared 1177.6%.
- Year by year, Free Cash Flow stood at $535.4 million in 2022, then surged by 34.48% to $720.0 million in 2023, then decreased by 16.71% to $599.7 million in 2024, then slumped by 57.26% to $256.3 million in 2025, then sank by 147.25% to -$121.1 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$121.1 million, -$368.3 million, and $256.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 45.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 223.25 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | -1.87 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 891.76 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 384.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 628.76 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 1.02 Bn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 164.72 Mn |
| 10 | Wex | 6.38 Bn | 274.53 Mn | 463.80 Mn | -121.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -121.10 Mn |
| Jun 30, 2026 | -121.10 Mn |
| Mar 31, 2026 | -368.30 Mn |
| Mar 31, 2026 | -368.30 Mn |
| Dec 31, 2025 | 256.30 Mn |
| Dec 31, 2025 | 256.30 Mn |
| Sep 30, 2025 | 341.60 Mn |
| Sep 30, 2025 | 341.60 Mn |
| Jun 30, 2025 | 230.00 Mn |
| Jun 30, 2025 | 230.00 Mn |
| Mar 31, 2025 | -514.20 Mn |
| Mar 31, 2025 | -514.20 Mn |
| Dec 31, 2024 | 599.70 Mn |
| Dec 31, 2024 | 599.70 Mn |
| Sep 30, 2024 | -31.70 Mn |
| Sep 30, 2024 | -31.70 Mn |
| Jun 30, 2024 | -46.60 Mn |
| Jun 30, 2024 | -46.60 Mn |
| Mar 31, 2024 | -187.30 Mn |
| Mar 31, 2024 | -187.30 Mn |