Wex (WEX) Invested Capital (2009 - 2026)
Wex (WEX) recorded Invested Capital of $6.7 billion in Q2 2026, up 4.4% from $6.42 billion a year earlier and up 2.9% from the prior quarter.
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Analysis
Wex (WEX) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Wex reported Invested Capital of $6.09 billion, up 3.9% from FY2024.
- Annual Invested Capital has increased for three straight years, with a five-year compound annual growth rate of 4.4% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $5.86 billion in FY2024 (+3.1%), $5.69 billion in FY2023 (+30.1%), $4.37 billion in FY2022 (-6.7%) and $4.69 billion in FY2021 (-4.4%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q4 2009.
- On a year-over-year basis, Invested Capital has increased for three consecutive quarters, with growth averaging 5.4% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 30.1% in Q4 2023, against a decline of 8.2% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $6.51 billion (Q1 2026), $6.09 billion (Q4 2025) and $6.14 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | 19.56 Bn |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 33.22 Bn |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 28.34 Bn |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | 11.78 Bn |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 11.99 Bn |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 54.81 Bn |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 46.39 Bn |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 1.87 Bn |
| 10 | Wex | 5.79 Bn | -15.90 Bn | 463.80 Mn | 6.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.70 Bn |
| Mar 31, 2026 | 6.51 Bn |
| Dec 31, 2025 | 6.09 Bn |
| Sep 30, 2025 | 6.14 Bn |
| Jun 30, 2025 | 6.42 Bn |
| Mar 31, 2025 | 6.40 Bn |
| Dec 31, 2024 | 5.86 Bn |
| Sep 30, 2024 | 6.26 Bn |
| Jun 30, 2024 | 5.99 Bn |
| Mar 31, 2024 | 5.97 Bn |
| Dec 31, 2023 | 5.69 Bn |
| Sep 30, 2023 | 5.30 Bn |
| Jun 30, 2023 | 4.99 Bn |
| Mar 31, 2023 | 4.59 Bn |
| Dec 31, 2022 | 4.37 Bn |
| Sep 30, 2022 | 4.43 Bn |
| Jun 30, 2022 | 4.75 Bn |
| Mar 31, 2022 | 4.86 Bn |
| Dec 31, 2021 | 4.69 Bn |
| Sep 30, 2021 | 4.83 Bn |
API Access
Wex Invested Capital 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=invested-capital&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();