Wex (WEX) Net Margin (2009 - 2026)
Wex (WEX) recorded Net Margin of 14.40% in Q2 2026, up 4.08 percentage points from 10.32% a year earlier and up 2.87 percentage points from the prior quarter.
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Analysis
Wex (WEX) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Wex's Net Margin came in at 12.56% as of Jun 30, 2026, up 0.77 percentage points year-over-year; for FY2025, it came in at 11.43%, down 0.35 percentage points from FY2024.
- Annual Net Margin has a five-year change of +27.05 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 11.78% in FY2024 (+1.32 pp), 10.46% in FY2023 (+1.89 pp), 8.57% in FY2022 (+8.56 pp) and 0.01% in FY2021 (+15.62 pp).
- The Q2 2026 figure is the highest quarterly Net Margin since Q3 2024.
- On a year-over-year basis, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +1.62 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 56.33 percentage points in Q4 2021, against a drop of 17.17 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 11.53% (Q1 2026), 12.53% (Q4 2025) and 11.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -29.46% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 12.72% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 1.34% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -498.45% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 18.55% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 11.85% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 0.39% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -179.60% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 7.64% |
| 10 | Wex | 6.07 Bn | -15.62 Bn | 463.80 Mn | 14.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.40% |
| Mar 31, 2026 | 11.53% |
| Dec 31, 2025 | 12.53% |
| Sep 30, 2025 | 11.61% |
| Jun 30, 2025 | 10.32% |
| Mar 31, 2025 | 11.23% |
| Dec 31, 2024 | 10.04% |
| 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% |
API Access
Wex Net Margin 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=net-margin&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();