Wex (WEX) Intangibles (2009 - 2026)
Wex (WEX) reported Intangibles of $1.05 billion for Q2 2026, down 10.9% from $1.18 billion a year earlier and down 4.2% from the prior quarter.
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Analysis
Wex (WEX) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Wex posted Intangibles of $1.09 billion, down 13.6% from FY2024.
- Intangibles has declined for four consecutive years, with a five-year compound annual growth rate of -6.9% (FY2020 to FY2025).
- By year, Intangibles came in at $1.26 billion in FY2024 (-13.6%), $1.46 billion in FY2023 (-1.0%), $1.47 billion in FY2022 (-10.3%) and $1.64 billion in FY2021 (+5.9%).
- The Q2 2026 figure ranks as the lowest quarterly Intangibles since Q4 2018.
- Year over year, Intangibles has now declined in each of the last 17 quarters, with an average decline of 12.1% over the last eight quarters.
- The high point for year-over-year Intangibles in five years was Q3 2021 (growth of 17.0%); the low point was Q4 2025 (a decline of 13.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.1 billion (Q1 2026), $1.09 billion (Q4 2025) and $1.14 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 1.47 Bn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 178.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 1.20 Bn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 317.43 Mn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 2.92 Bn |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 19.41 Bn |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 10.87 Bn |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 16.41 Mn |
| 10 | Wex | 6.07 Bn | -15.62 Bn | 463.80 Mn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.05 Bn |
| Mar 31, 2026 | 1.10 Bn |
| Dec 31, 2025 | 1.09 Bn |
| Sep 30, 2025 | 1.14 Bn |
| Jun 30, 2025 | 1.18 Bn |
| Mar 31, 2025 | 1.23 Bn |
| Dec 31, 2024 | 1.26 Bn |
| Sep 30, 2024 | 1.31 Bn |
| Jun 30, 2024 | 1.36 Bn |
| Mar 31, 2024 | 1.41 Bn |
| Dec 31, 2023 | 1.46 Bn |
| Sep 30, 2023 | 1.44 Bn |
| Jun 30, 2023 | 1.39 Bn |
| Mar 31, 2023 | 1.44 Bn |
| Dec 31, 2022 | 1.47 Bn |
| Sep 30, 2022 | 1.51 Bn |
| Jun 30, 2022 | 1.56 Bn |
| Mar 31, 2022 | 1.60 Bn |
| Dec 31, 2021 | 1.64 Bn |
| Sep 30, 2021 | 1.69 Bn |
API Access
Wex Intangibles 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=intangibles&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();