Wex (WEX) Gross Margin (2009 - 2026)
Wex (WEX) posted Gross Margin of 58.43% for Q1 2026, down 49.45% quarter-over-quarter from 115.59% in Q4 2025, and down 1526.0% year-on-year from 4.1% in Q1 2025.
Wex (WEX) Gross Margin (2009 - 2026) Analysis & Trends
Wex (WEX) has reported Gross Margin for 18 consecutive years, with 58.43% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 58.43%, down 1526.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 77.35% (down 549.0% YoY), and the FY2025 annual result was 85.46%, up 1010.0% from the prior year.
- Gross Margin was 58.43% for Q1 2026 at Wex, down from 115.59% in the prior quarter.
- Over five years, Gross Margin peaked at 120.82% in Q4 2024 and troughed at 58.43% in Q1 2026.
- Average Gross Margin over 5 years is 79.54%, with a median of 75.91% recorded in 2023.
- Year-over-year, Gross Margin sank 2621 bps in 2023 and jumped 5940 bps in 2024.
- Over 5 years, Gross Margin stood at 87.63% in 2022, then decreased by 30 bps to 61.42% in 2023, then surged by 97 bps to 120.82% in 2024, then fell by 4 bps to 115.59% in 2025, then plunged by 49 bps to 58.43% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 58.43% in Q1 2026, 115.59% in Q4 2025, and 76.42% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Wex | 4.92 Bn | -486.44 Mn | 393.70 Mn | 58.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 58.43% |
| Dec 31, 2025 | 115.59% |
| Sep 30, 2025 | 76.42% |
| Jun 30, 2025 | 58.66% |
| Mar 31, 2025 | 73.69% |
| Dec 31, 2024 | 120.82% |
| Sep 30, 2024 | 62.55% |
| Jun 30, 2024 | 75.68% |
| Mar 31, 2024 | 74.09% |
| Dec 31, 2023 | 61.42% |
| Sep 30, 2023 | 87.29% |
| Jun 30, 2023 | 75.91% |
| Mar 31, 2023 | 76.21% |
| Dec 31, 2022 | 87.63% |
| Sep 30, 2022 | 86.87% |
| Jun 30, 2022 | 86.56% |
| Mar 31, 2022 | 74.40% |
| Dec 31, 2021 | 105.32% |
| Sep 30, 2021 | 62.73% |
| Jun 30, 2021 | 81.37% |