Wex (WEX) Operating Expenses (2009 - 2026)
Wex (WEX) posted Operating Expenses of $96.2 million for Q1 2026, down 49.53% quarter-over-quarter from $190.6 million in Q4 2025, and up 8.58% year-on-year from $88.6 million in Q1 2025.
Wex (WEX) Operating Expenses (2009 - 2026) Analysis & Trends
Wex (WEX) has reported Operating Expenses for 18 consecutive years, with $96.2 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $96.2 million, up 8.58% year-over-year; the trailing twelve-month figure through Mar 2026 was $496.8 million (up 3.76% YoY), and the FY2025 annual result was $469.4 million, down 5.23% from the prior year.
- Operating Expenses was $96.2 million for Q1 2026 at Wex, down from $190.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $190.6 million in Q4 2025 and troughed at $78.7 million in Q1 2022.
- Average Operating Expenses over 5 years is $108.7 million, with a median of $101.7 million recorded in 2025.
- Year-over-year, Operating Expenses soared 50.73% in 2024 and fell 11.84% in 2025.
- Over 5 years, Operating Expenses stood at $95.2 million in 2022, then climbed by 22.16% to $116.3 million in 2023, then jumped by 50.73% to $175.3 million in 2024, then advanced by 8.73% to $190.6 million in 2025, then slumped by 49.53% to $96.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $96.2 million in Q1 2026, $190.6 million in Q4 2025, and $108.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | Wex | 4.92 Bn | -486.44 Mn | 393.70 Mn | 96.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.20 Mn |
| Dec 31, 2025 | 190.60 Mn |
| Sep 30, 2025 | 108.30 Mn |
| Jun 30, 2025 | 101.70 Mn |
| Mar 31, 2025 | 88.60 Mn |
| Dec 31, 2024 | 175.30 Mn |
| Sep 30, 2024 | 106.00 Mn |
| Jun 30, 2024 | 108.90 Mn |
| Mar 31, 2024 | 100.50 Mn |
| Dec 31, 2023 | 116.30 Mn |
| Sep 30, 2023 | 116.60 Mn |
| Jun 30, 2023 | 106.20 Mn |
| Mar 31, 2023 | 88.90 Mn |
| Dec 31, 2022 | 95.20 Mn |
| Sep 30, 2022 | 86.50 Mn |
| Jun 30, 2022 | 83.50 Mn |
| Mar 31, 2022 | 78.70 Mn |
| Dec 31, 2021 | 81.44 Mn |
| Sep 30, 2021 | 79.49 Mn |
| Jun 30, 2021 | 79.54 Mn |