Wex (WEX) Interest Expenses (2009 - 2026)
Wex's Interest Expenses was $52.2 million in Q2 2026, up 81.9% from $28.7 million a year earlier but down 2.6% from the prior quarter.
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Analysis
Wex (WEX) Interest Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Wex's Interest Expenses was $228.4 million through Jun 30, 2026, up 35.5% year-over-year; for FY2025, it came in at $240.6 million, up 131.3% from FY2024.
- Interest Expenses has now increased for four consecutive years, with a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- In earlier years, Interest Expenses was $104 million in FY2024 (+23.5%), $84.2 million in FY2023 (+308.7%), $20.6 million in FY2022 (+123.9%) and $9.2 million in FY2021 (-94.9%).
- Quarterly Interest Expenses has moved between $2.3 million (Q1 2022) and $87.43 million (Q4 2021) over five years.
- Compared with a year earlier, Interest Expenses has increased for 14 straight quarters, with growth averaging 59.7% over the last eight quarters.
- The best year-over-year quarter for Interest Expenses over five years was Q2 2023 (growth of 509.4%); the worst was Q1 2022 (a decline of 93.6%).
- Per Business Quant data, WEX's Interest Expenses in the three quarters before Q2 2026 was $53.6 million (Q1 2026), $58.8 million (Q4 2025) and $63.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 22.52 Mn |
| 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 | 24.47 Mn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 114.72 Mn |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 376.00 Mn |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 277.54 Mn |
| 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 | 3.36 Mn |
| 10 | Wex | 6.07 Bn | -15.62 Bn | 463.80 Mn | 52.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 52.20 Mn |
| Mar 31, 2026 | 53.60 Mn |
| Dec 31, 2025 | 58.80 Mn |
| Sep 30, 2025 | 63.80 Mn |
| Jun 30, 2025 | 28.70 Mn |
| Mar 31, 2025 | 24.10 Mn |
| Dec 31, 2024 | 57.40 Mn |
| Sep 30, 2024 | 58.40 Mn |
| Jun 30, 2024 | 25.60 Mn |
| Mar 31, 2024 | 23.50 Mn |
| Dec 31, 2023 | 26.60 Mn |
| Sep 30, 2023 | 25.30 Mn |
| Jun 30, 2023 | 19.50 Mn |
| Mar 31, 2023 | 12.80 Mn |
| Dec 31, 2022 | 7.20 Mn |
| Sep 30, 2022 | 7.90 Mn |
| Jun 30, 2022 | 3.20 Mn |
| Mar 31, 2022 | 2.30 Mn |
| Dec 31, 2021 | 87.43 Mn |
| Sep 30, 2021 | 34.62 Mn |
API Access
Wex Interest Expenses 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-expenses&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();