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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |