Wex (WEX) Net Margin (2009 - 2026)
Wex (WEX) reported Net Margin of 11.53% for Q1 2026, up 30.0% on a YoY basis from 8.87% in Q1 2025, and down 7.84% quarter-over-quarter from 12.51% in Q4 2025.
Wex (WEX) Net Margin (2009 - 2026) Analysis & Trends
Wex has reported Net Margin for 18 years, with the latest figure at 11.53% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 30.0% year-over-year to 11.53%; the trailing twelve-month figure through Mar 2026 stood at 11.5% (down 57.0% YoY), and the FY2025 full-year result was 11.43%, down 35.0% from the prior year.
- Net Margin for Q1 2026 stood at 11.53%, down from 12.51% in the prior quarter.
- The five-year high for Net Margin was 23.73% in Q1 2022, with the low at 7.16% in Q3 2022.
- Historically, Net Margin has averaged 10.76% across 5 years, with a median of 11.43% in 2024.
- The largest YoY upside for Net Margin was 2435 bps in 2022 against a maximum downside of 1717 bps in 2022.
- Wex's Net Margin stood at 14.34% in 2022, then dropped by 11 bps to 12.8% in 2023, then retreated by 21 bps to 10.05% in 2024, then gained by 24 bps to 12.51% in 2025, then retreated by 8 bps to 11.53% in 2026.
- The last three Net Margin figures came in at 11.53% (Q1 2026), 12.51% (Q4 2025), and 11.59% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | -3.58% |
| 10 | Wex | 4.66 Bn | -744.15 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% |