Wex (WEX) Gross Margin (2009 - 2026)
Wex (WEX) posted Gross Margin of 61.55% for Q2 2026, up 2.90 percentage points from 58.66% a year earlier and up 3.12 percentage points from the prior quarter.
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Analysis
Wex (WEX) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Wex was 59.61%, unchanged year-over-year; for FY2025, it was 58.64%, down 1.87 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +1.79 percentage points (FY2020 to FY2025).
- In prior years, Wex's Gross Margin was 60.51% in FY2024 (-1.29 pp), 61.80% in FY2023 (+1.39 pp), 60.41% in FY2022 (-1.65 pp) and 62.06% in FY2021 (+5.21 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q3 2024.
- On a year-over-year basis, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -0.88 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2023, with a gain of 4.83 percentage points; the weakest was Q3 2022, with a drop of 3.65 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 58.43% (Q1 2026), 57.85% (Q4 2025) and 60.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.12 Bn | 6.93 Bn | - | - |
| 2 | PayPal Holdings | 46.45 Bn | 4.68 Bn | - | - |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 47.84% |
| 4 | Iren | 31.49 Bn | 19.08 Bn | 103.89 Mn | 75.71% |
| 5 | Corpay | 25.78 Bn | 15.98 Bn | - | - |
| 6 | Fiserv | 24.12 Bn | 20.82 Bn | 2.90 Bn | 54.74% |
| 7 | Global Payments | 22.15 Bn | 588.57 Mn | 2.03 Bn | 61.04% |
| 8 | Bitmine Immersion Technologies | 15.50 Bn | 12.88 Bn | 40.81 Mn | 87.70% |
| 9 | Guidewire Software | 11.68 Bn | 8.25 Bn | 269.68 Mn | 65.60% |
| 10 | Wex | 5.88 Bn | -15.81 Bn | 463.80 Mn | 61.55% |
Historic Data
Download Data
Historic 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% |
API Access
Wex Gross 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=gross-margin&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();