KPIs & Operating Metrics(New)
Growth Metrics

Wex (WEX) Operating Margin (2016 - 2025)

Wex (WEX) has disclosed Operating Margin for 16 consecutive years, with 24.71% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin changed 0.0% year-over-year to 24.71%, compared with a TTM value of 24.95% through Dec 2025, down 116.0%, and an annual FY2025 reading of 24.95%, down 116.0% over the prior year.
  • Operating Margin was 24.71% for Q4 2025 at Wex, down from 26.54% in the prior quarter.
  • Across five years, Operating Margin topped out at 29.51% in Q3 2024 and bottomed at 3.46% in Q3 2022.
  • Average Operating Margin over 5 years is 22.97%, with a median of 24.71% recorded in 2024.
  • The sharpest move saw Operating Margin skyrocketed 7119bps in 2021, then tumbled -1743bps in 2022.
  • Year by year, Operating Margin stood at 21.78% in 2021, then rose by 15bps to 25.07% in 2022, then decreased by -5bps to 23.9% in 2023, then grew by 3bps to 24.71% in 2024, then grew by 0bps to 24.71% in 2025.
  • Business Quant data shows Operating Margin for WEX at 24.71% in Q4 2025, 26.54% in Q3 2025, and 23.76% in Q2 2025.