Wex (WEX) Interest Coverage Ratio (2009 - 2026)
Wex's Interest Coverage Ratio came in at 3.89 for Q2 2026, down 28.7% from 5.46 a year earlier but up 31.9% from the prior quarter.
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Analysis
Wex (WEX) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Wex reported Interest Coverage Ratio of 3.11, down 21.4% year-over-year; for FY2025, it was 2.76, down 58.2% from FY2024.
- Interest Coverage Ratio has declined in each of the last four years.
- Going back by year, Interest Coverage Ratio was 6.60 in FY2024 (-14.1%), 7.69 in FY2023 (-66.3%), 22.81 in FY2022 (-38.7%) and 37.17 in FY2021.
- The five-year range for quarterly Interest Coverage Ratio is 1.24 (Q4 2021) to 53.47 (Q2 2022).
- Year-over-year, Interest Coverage Ratio increased in 1 of the last eight quarters, with an average decline of 28.0%.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q3 2023 (growth of 156.4%), and the weakest in Q2 2023 (a decline of 84.7%).
- Business Quant data shows WEX's Interest Coverage Ratio at 2.95 (Q1 2026), 2.83 (Q4 2025) and 2.88 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -5.04 |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | - |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -25.36 |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 4.12 |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 2.70 |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 1.21 |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 18.55 |
| 10 | Wex | 6.07 Bn | -15.62 Bn | 463.80 Mn | 3.89 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.89 |
| Mar 31, 2026 | 2.95 |
| Dec 31, 2025 | 2.83 |
| Sep 30, 2025 | 2.88 |
| Jun 30, 2025 | 5.46 |
| Mar 31, 2025 | 6.53 |
| Dec 31, 2024 | 2.74 |
| Sep 30, 2024 | 3.36 |
| Jun 30, 2024 | 6.57 |
| Mar 31, 2024 | 7.00 |
| Dec 31, 2023 | 5.96 |
| Sep 30, 2023 | 6.91 |
| Jun 30, 2023 | 8.17 |
| Mar 31, 2023 | 12.05 |
| Dec 31, 2022 | 21.54 |
| Sep 30, 2022 | 2.70 |
| Jun 30, 2022 | 53.47 |
| Mar 31, 2022 | 53.17 |
| Dec 31, 2021 | 1.24 |
| Sep 30, 2021 | 2.91 |
API Access
Wex Interest Coverage Ratio 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=interest-coverage-ratio&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();