Wex (WEX) Net Margin (2009 - 2026)
Wex (WEX) posted Net Margin of 11.53% for Q1 2026, down 7.84% quarter-over-quarter from 12.51% in Q4 2025, and up 30.0% year-on-year from 8.87% in Q1 2025.
Wex (WEX) Net Margin (2009 - 2026) Analysis & Trends
Wex (WEX) has reported Net Margin for 18 consecutive years, with 11.53% the latest figure, recorded in Q1 2026.
- Net Margin for Q1 2026 came in at 11.53%, up 30.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.5% (down 57.0% YoY), and the FY2025 annual result was 11.43%, down 35.0% from the prior year.
- Net Margin was 11.53% for Q1 2026 at Wex, down from 12.51% in the prior quarter.
- Over five years, Net Margin peaked at 23.73% in Q1 2022 and troughed at 7.16% in Q3 2022.
- Average Net Margin over 5 years is 10.76%, with a median of 11.43% recorded in 2024.
- The widest YoY moves for Net Margin: up 2435 bps in 2022, down 1717 bps in 2022.
- Over 5 years, Net Margin stood at 14.34% in 2022, then retreated by 11 bps to 12.8% in 2023, then dropped by 21 bps to 10.05% in 2024, then grew by 24 bps to 12.51% in 2025, then dropped by 8 bps to 11.53% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 11.53% in Q1 2026, 12.51% in Q4 2025, and 11.59% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 38.34% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 22.44% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 53.68% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 16.65% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 4.71% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 28.90% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -3.58% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 2.69% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -5.10% |
| 10 | Wex | 4.92 Bn | -486.44 Mn | 393.70 Mn | 11.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.53% |
| Dec 31, 2025 | 12.51% |
| Sep 30, 2025 | 11.59% |
| Jun 30, 2025 | 10.34% |
| Mar 31, 2025 | 11.23% |
| Dec 31, 2024 | 10.05% |
| Sep 30, 2024 | 15.46% |
| Jun 30, 2024 | 11.43% |
| Mar 31, 2024 | 10.08% |
| Dec 31, 2023 | 12.80% |
| Sep 30, 2023 | 2.82% |
| Jun 30, 2023 | 15.34% |
| Mar 31, 2023 | 11.11% |
| Dec 31, 2022 | 14.34% |
| Sep 30, 2022 | -7.16% |
| Jun 30, 2022 | 5.70% |
| Mar 31, 2022 | 23.73% |
| Dec 31, 2021 | -2.37% |
| Sep 30, 2021 | 10.01% |
| Jun 30, 2021 | -7.37% |