Wex (WEX) Operating Expenses (2009 - 2026)

Wex (WEX) posted quarterly Operating Expenses of $217.0 million for Q2 2026, up 17.93% year-on-year from $184.0 million in Q2 2025, and up 13.08% on a QoQ basis from $191.9 million in Q1 2026.

Wex (WEX) Operating Expenses (2009 - 2026) Analysis & Trends

Wex (WEX) has reported Operating Expenses for 18 consecutive years, with $217.0 million the latest figure, recorded in Q2 2026.

  • Quarterly Operating Expenses rose 17.93% year-over-year to $217.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $777.6 million (up 11.58% YoY) and the FY2025 annual result came in at $717.2 million, changed 0.06% from the prior year.
  • Operating Expenses rose to $217.0 million in Q2 2026 per WEX's latest filing, from $191.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for WEX reached as high as $217.0 million in Q2 2026 and fell as low as $152.6 million in Q1 2022.
  • A 5-year average of $180.8 million and a median of $177.4 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses gained 19.12% — and 2024, when it dropped 13.43%.
  • Year by year, Operating Expenses stood at $171.7 million in 2022, then climbed by 17.94% to $202.5 million in 2023, then slipped by 13.43% to $175.3 million in 2024, then climbed by 2.34% to $179.4 million in 2025, then gained by 20.96% to $217.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $217.0 million, $191.9 million, and $179.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Wex 6.38 Bn 274.53 Mn 463.80 Mn 217.00 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 217.00 Mn
Mar 31, 2026 191.90 Mn
Dec 31, 2025 179.40 Mn
Sep 30, 2025 189.30 Mn
Jun 30, 2025 184.00 Mn
Mar 31, 2025 164.60 Mn
Dec 31, 2024 175.30 Mn
Sep 30, 2024 173.00 Mn
Jun 30, 2024 194.70 Mn
Mar 31, 2024 173.80 Mn
Dec 31, 2023 202.50 Mn
Sep 30, 2023 199.40 Mn
Jun 30, 2023 185.10 Mn
Mar 31, 2023 168.80 Mn
Dec 31, 2022 171.70 Mn
Sep 30, 2022 167.40 Mn
Jun 30, 2022 163.90 Mn
Mar 31, 2022 152.60 Mn
Dec 31, 2021 154.36 Mn
Sep 30, 2021 161.71 Mn