Wex (WEX) Operating Margin (2009 - 2026)
Wex (WEX) posted Operating Margin of 23.48% for Q1 2026, down 5.0% quarter-over-quarter from 24.71% in Q4 2025, and down 123.0% year-on-year from 102.08% in Q1 2025.
Wex (WEX) Operating Margin (2009 - 2026) Analysis & Trends
Wex (WEX) has reported Operating Margin for 18 consecutive years, with 23.48% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 23.48%, down 123.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.64% (down 135.0% YoY), and the FY2025 annual result was 24.95%, down 116.0% from the prior year.
- Operating Margin was 23.48% for Q1 2026 at Wex, down from 24.71% in the prior quarter.
- Over five years, Operating Margin peaked at 29.51% in Q3 2024 and troughed at 3.46% in Q3 2022.
- Average Operating Margin over 5 years is 24.12%, with a median of 24.96% recorded in 2024.
- Year-over-year, Operating Margin tumbled 1743 bps in 2022 and jumped 2339 bps in 2023.
- Over 5 years, Operating Margin stood at 25.07% in 2022, then declined by 5 bps to 23.9% in 2023, then advanced by 3 bps to 24.71% in 2024, then advanced by 0 bps to 24.71% in 2025, then decreased by 5 bps to 23.48% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 23.48% in Q1 2026, 24.71% in Q4 2025, and 26.54% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 46.33% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 31.97% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 46.18% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 15.30% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 1.06% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 31.36% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -9.69% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 8.43% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -2.84% |
| 10 | Wex | 4.92 Bn | -486.44 Mn | 393.70 Mn | 23.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.48% |
| Dec 31, 2025 | 24.71% |
| Sep 30, 2025 | 26.54% |
| Jun 30, 2025 | 23.77% |
| Mar 31, 2025 | 24.71% |
| Dec 31, 2024 | 24.71% |
| Sep 30, 2024 | 29.51% |
| Jun 30, 2024 | 24.96% |
| Mar 31, 2024 | 25.20% |
| Dec 31, 2023 | 23.90% |
| Sep 30, 2023 | 26.85% |
| Jun 30, 2023 | 25.66% |
| Mar 31, 2023 | 25.21% |
| Dec 31, 2022 | 25.07% |
| Sep 30, 2022 | 3.46% |
| Jun 30, 2022 | 28.60% |
| Mar 31, 2022 | 23.63% |
| Dec 31, 2021 | 21.78% |
| Sep 30, 2021 | 20.88% |
| Jun 30, 2021 | 17.91% |