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| Date | Value |
|---|---|
| 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 |