Wex (WEX) Net Margin (2009 - 2026)
Wex's (WEX) quarterly Net Margin came in at 14.41% in Q2 2026, up 407.0% YoY from 2.84% in Q2 2025, and up 24.98% on a QoQ basis from 11.53% in Q1 2026.
Wex (WEX) Net Margin (2009 - 2026) Analysis & Trends
Wex (WEX) has 18 years of Net Margin data on file, last reported at 14.41% in Q2 2026.
- Quarterly Net Margin rose 407.0% year-over-year to 14.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 12.56% (up 76.0% YoY) and the FY2025 annual result came in at 11.43%, down 35.0% from the prior year.
- Net Margin grew to 14.41% in Q2 2026, from 11.53% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 23.73% in Q1 2022 to a low of 7.16% in Q3 2022.
- A 5-year average of 10.96% and a median of 11.48% in 2024 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 2435 bps in 2022, down 1717 bps in 2022.
- Tracing WEX's Net Margin over 5 years: 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 increased by 15 bps to 14.41% in 2026.
- The last three Net Margin figures came in at 14.41% (Q2 2026), 11.53% (Q1 2026), and 12.51% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 36.78% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 55.08% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 30.88% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 1.32% |
| 10 | Wex | 6.67 Bn | 568.61 Mn | 463.80 Mn | 14.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.41% |
| 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% |