Wex (WEX) Gross Margin (2009 - 2026)
Wex's (WEX) quarterly Gross Margin came in at 61.55% in Q2 2026, up 290.0% YoY from 15.78% in Q2 2025, and up 5.34% on a QoQ basis from 58.43% in Q1 2026.
Wex (WEX) Gross Margin (2009 - 2026) Analysis & Trends
Wex (WEX) has 18 years of Gross Margin data on file, last reported at 61.55% in Q2 2026.
- Quarterly Gross Margin rose 290.0% year-over-year to 61.55% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 59.61% (changed 0.0% YoY) and the FY2025 annual result came in at 58.64%, down 187.0% from the prior year.
- Gross Margin rose to 61.55% in Q2 2026, from 58.43% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 63.91% in Q3 2023 to a low of 57.59% in Q1 2025.
- A 5-year average of 60.29% and a median of 59.97% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 365 bps — and 2023, when it soared 483 bps.
- Tracing WEX's Gross Margin over 5 years: stood at 59.28% in 2022, then climbed by 4 bps to 61.42% in 2023, then declined by 3 bps to 59.53% in 2024, then retreated by 3 bps to 57.85% in 2025, then advanced by 6 bps to 61.55% in 2026.
- The last three Gross Margin figures came in at 61.55% (Q2 2026), 58.43% (Q1 2026), and 57.85% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Wex | 6.67 Bn | 568.61 Mn | 463.80 Mn | 61.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 61.55% |
| Mar 31, 2026 | 58.43% |
| Dec 31, 2025 | 57.85% |
| Sep 30, 2025 | 60.35% |
| Jun 30, 2025 | 58.66% |
| Mar 31, 2025 | 57.59% |
| Dec 31, 2024 | 59.53% |
| Sep 30, 2024 | 62.55% |
| Jun 30, 2024 | 60.83% |
| Mar 31, 2024 | 59.06% |
| Dec 31, 2023 | 61.42% |
| Sep 30, 2023 | 63.91% |
| Jun 30, 2023 | 62.18% |
| Mar 31, 2023 | 59.59% |
| Dec 31, 2022 | 59.28% |
| Sep 30, 2022 | 59.08% |
| Jun 30, 2022 | 62.50% |
| Mar 31, 2022 | 60.93% |
| Dec 31, 2021 | 61.26% |
| Sep 30, 2021 | 62.73% |