Wex (WEX) Research & Development (2017 - 2026)
Wex's (WEX) quarterly Research & Development came in at $112.7 million in Q2 2026, up 15.35% YoY from $97.7 million in Q2 2025, and up 7.74% on a QoQ basis from $104.6 million in Q1 2026.
Wex (WEX) Research & Development (2017 - 2026) Analysis & Trends
Wex (WEX) has 10 years of Research & Development data on file, last reported at $112.7 million in Q2 2026.
- Quarterly Research & Development rose 15.35% year-over-year to $112.7 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $415.7 million (up 18.57% YoY) and the FY2025 annual result came in at $387.0 million, up 13.49% from the prior year.
- Research & Development advanced to $112.7 million in Q2 2026, from $104.6 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $112.7 million in Q2 2026 to a low of $73.9 million in Q1 2022.
- A 5-year average of $88.0 million and a median of $84.0 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development fell 6.08% — and 2025, when it increased 24.66%.
- Tracing WEX's Research & Development over 5 years: stood at $76.5 million in 2022, then climbed by 12.68% to $86.2 million in 2023, then dropped by 5.92% to $81.1 million in 2024, then advanced by 24.66% to $101.1 million in 2025, then grew by 11.47% to $112.7 million in 2026.
- The last three Research & Development figures came in at $112.7 million (Q2 2026), $104.6 million (Q1 2026), and $101.1 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Wex | 6.67 Bn | 568.61 Mn | 463.80 Mn | 112.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 112.70 Mn |
| Mar 31, 2026 | 104.60 Mn |
| Dec 31, 2025 | 101.10 Mn |
| Sep 30, 2025 | 97.30 Mn |
| Jun 30, 2025 | 97.70 Mn |
| Mar 31, 2025 | 90.90 Mn |
| Dec 31, 2024 | 81.10 Mn |
| Sep 30, 2024 | 80.90 Mn |
| Jun 30, 2024 | 93.70 Mn |
| Mar 31, 2024 | 85.30 Mn |
| Dec 31, 2023 | 86.20 Mn |
| Sep 30, 2023 | 82.80 Mn |
| Jun 30, 2023 | 78.90 Mn |
| Mar 31, 2023 | 79.90 Mn |
| Dec 31, 2022 | 76.50 Mn |
| Sep 30, 2022 | 80.90 Mn |
| Jun 30, 2022 | 80.40 Mn |
| Mar 31, 2022 | 73.90 Mn |
| Dec 31, 2021 | 72.92 Mn |
| Sep 30, 2021 | 82.23 Mn |