Wex WEX
NYSE WEX
$187.31 -6.60 (-3.40%)
As of: Sep 8, 2026 · 3:44 PM EDT

Wex (WEX) Operating Expenses (2009 - 2026)

Wex's (WEX) quarterly Operating Expenses came in at $233.5 million in Q2 2026, up 17.1% on a YoY basis from $199.4 million in Q2 2025, and up 12.58% quarter-over-quarter from $207.4 million in Q1 2026.

Analysis

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

Wex (WEX) has reported Operating Expenses for 18 consecutive years, with $233.5 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 17.1% year-over-year to $233.5 million; the trailing twelve-month figure through Jun 2026 stood at $918.6 million (up 11.72% YoY), and the FY2025 full-year result was $856.4 million, up 2.4% from the prior year.
  • Operating Expenses advanced to $233.5 million in Q2 2026 per WEX's latest filing, from $207.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $272.1 million in Q4 2025 and bottomed at $152.6 million in Q1 2022.
  • Historically, Operating Expenses has averaged $197.0 million across 5 years, with a median of $193.1 million in 2023.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses fell 7.39% in 2022, then increased 26.62% in 2024.
  • Over 5 years, Operating Expenses stood at $171.7 million in 2022, then advanced by 17.94% to $202.5 million in 2023, then grew by 26.62% to $256.4 million in 2024, then climbed by 6.12% to $272.1 million in 2025, then fell by 14.19% to $233.5 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $233.5 million, $207.4 million, and $272.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Block 48.06 Bn 41.64 Bn 3.17 Bn 2.72 Bn
2 PayPal Holdings 46.74 Bn 35.48 Bn - 7.26 Bn
3 Fiserv 27.09 Bn 26.46 Bn 3.59 Bn 4.28 Bn
4 Corpay 26.73 Bn 19.72 Bn 1.19 Bn 260.40 Mn
5 Global Payments 24.17 Bn 18.77 Bn 2.03 Bn 2.98 Bn
6 Wex 6.50 Bn 398.06 Mn 463.80 Mn 233.50 Mn
7 Aci Worldwide 5.28 Bn 5.11 Bn 181.57 Mn 385.77 Mn
8 Paymentus Holdings 4.47 Bn 4.09 Bn 94.31 Mn 61.69 Mn
9 dLocal 4.37 Bn 3.50 Bn 127.15 Mn -46.35 Mn
10 Sezzle 4.00 Bn 3.92 Bn - 94.72 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 233.50 Mn
Mar 31, 2026 207.40 Mn
Dec 31, 2025 272.10 Mn
Sep 30, 2025 205.60 Mn
Jun 30, 2025 199.40 Mn
Mar 31, 2025 179.50 Mn
Dec 31, 2024 256.40 Mn
Sep 30, 2024 186.90 Mn
Jun 30, 2024 207.30 Mn
Mar 31, 2024 185.80 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