Wex (WEX) Operating Expenses (2009 - 2026)
Wex's (WEX) quarterly Operating Expenses came in at $217.0 million in Q2 2026, up 17.93% YoY 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 18 years of Operating Expenses data on file, last reported at $217.0 million 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 advanced to $217.0 million in Q2 2026, from $191.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $217.0 million in Q2 2026 to a low of $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 rose 19.12% — and 2024, when it slipped 13.43%.
- Tracing WEX's Operating Expenses over 5 years: stood at $171.7 million in 2022, then rose by 17.94% to $202.5 million in 2023, then fell by 13.43% to $175.3 million in 2024, then rose by 2.34% to $179.4 million in 2025, then grew by 20.96% to $217.0 million in 2026.
- The last three Operating Expenses figures came in at $217.0 million (Q2 2026), $191.9 million (Q1 2026), and $179.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Wex | 6.67 Bn | 568.61 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 |