Wex (WEX) Operating Margin (2009 - 2026)
Wex (WEX) posted Operating Margin of 26.97% for Q2 2026, up 3.20 percentage points from 23.77% a year earlier and up 3.49 percentage points from the prior quarter.
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Analysis
Wex (WEX) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Wex was 25.48%, down 0.23 percentage points year-over-year; for FY2025, it came in at 24.95%, down 1.16 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +30.83 percentage points (FY2020 to FY2025).
- In prior years, Wex's Operating Margin was 26.11% in FY2024 (+0.72 pp), 25.40% in FY2023 (+5.41 pp), 19.99% in FY2022 (+1.51 pp) and 18.48% in FY2021 (+24.36 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q3 2024.
- On a year-over-year basis, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of +0.10 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2021, with a gain of 71.19 percentage points; the weakest was Q3 2022, with a drop of 17.43 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 23.48% (Q1 2026), 24.71% (Q4 2025) and 26.54% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -9.30% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 16.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 6.75% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -452.09% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 35.28% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 19.18% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 10.15% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -25.50% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 15.16% |
| 10 | Wex | 6.07 Bn | -15.62 Bn | 463.80 Mn | 26.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.97% |
| 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% |
API Access
Wex Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "WEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();