Wex (WEX) Gross Margin (2009 - 2026)

Wex has reported Gross Margin for 18 years, with the latest figure at 58.43% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 1526.0% year-over-year to 58.43%; the trailing twelve-month figure through Mar 2026 stood at 77.35% (down 549.0% YoY), and the FY2025 full-year result was 85.46%, up 1010.0% from the prior year.
• Gross Margin for Q1 2026 stood at 58.43%, down from 115.59% in the prior quarter.
• The five-year high for Gross Margin was 120.82% in Q4 2024, with the low at 58.43% in Q1 2026.
• Historically, Gross Margin has averaged 79.54% across 5 years, with a median of 75.91% in 2023.
• Annual changes were most pronounced in 2023 — Gross Margin tumbled 2621 bps — and 2024, when it surged 5940 bps.
• Wex's Gross Margin stood at 87.63% in 2022, then declined by 30 bps to 61.42% in 2023, then surged by 97 bps to 120.82% in 2024, then slipped by 4 bps to 115.59% in 2025, then sank by 49 bps to 58.43% in 2026.
• The last three Gross Margin figures came in at 58.43% (Q1 2026), 115.59% (Q4 2025), and 76.42% (Q3 2025), per Business Quant data.