WEX Inc. (WEX) stock
WEXNYSEServices-Business Services, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 13/3042% below fair value
$179.49−2.80 (-1.54%)
Close on Nov 12, 2026Market cap $5.90BP/E 15.4Yield –
WEX gross margin
Gross margin is gross profit as a percentage of revenue.
WEX's gross margin for the twelve months ending Sep 30, 2026 was 60.4%. For fiscal 2025 it was 58.6%, against 60.5% the year before. The highest annual figure on record is 99.6% in fiscal 2015.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 58.6% | −1.9 |
| FY2024 | Dec 31, 2024 | 60.5% | −1.3 |
| FY2023 | Dec 31, 2023 | 61.8% | +1.4 |
| FY2022 | Dec 31, 2022 | 60.4% | −1.6 |
| FY2021 | Dec 31, 2021 | 62.1% | +5.2 |
| FY2020 | Dec 31, 2020 | 56.8% | −4.9 |
| FY2019 | Dec 31, 2019 | 61.7% | −1.6 |
| FY2018 | Dec 31, 2018 | 63.3% | +4.5 |
| FY2017 | Dec 31, 2017 | 58.8% | +4.1 |
| FY2016 | Dec 31, 2016 | 54.7% | −44.9 |
| FY2015 | Dec 31, 2015 | 99.6% | +14.3 |
| FY2014 | Dec 31, 2014 | 85.3% | −0.2 |
| FY2013 | Dec 31, 2013 | 85.6% | +2.1 |
| FY2012 | Dec 31, 2012 | 83.4% | −3.9 |
| FY2011 | Dec 31, 2011 | 87.3% | −0.8 |
| FY2010 | Dec 31, 2010 | 88.1% | −3.1 |
| FY2009 | Dec 31, 2009 | 91.2% | −3.5 |
| FY2008 | Dec 31, 2008 | 94.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 63.2% | +2.8 |
| Q2 FY2026 | Jun 30, 2026 | 61.6% | +2.9 |
| Q1 FY2026 | Mar 31, 2026 | 58.4% | +0.8 |
| Q4 FY2025 | Dec 31, 2025 | 57.9% | −1.7 |
| Q3 FY2025 | Sep 30, 2025 | 60.3% | −2.2 |
| Q2 FY2025 | Jun 30, 2025 | 58.7% | −2.2 |
| Q1 FY2025 | Mar 31, 2025 | 57.6% | −1.5 |
| Q4 FY2024 | Dec 31, 2024 | 59.5% | −1.9 |
| Q3 FY2024 | Sep 30, 2024 | 62.6% | −1.4 |
| Q2 FY2024 | Jun 30, 2024 | 60.8% | −1.3 |
| Q1 FY2024 | Mar 31, 2024 | 59.1% | −0.5 |
| Q4 FY2023 | Dec 31, 2023 | 61.4% | +2.1 |
| Q3 FY2023 | Sep 30, 2023 | 63.9% | +4.8 |
| Q2 FY2023 | Jun 30, 2023 | 62.2% | −0.3 |
| Q1 FY2023 | Mar 31, 2023 | 59.6% | −1.3 |
| Q4 FY2022 | Dec 31, 2022 | 59.3% | −2.0 |
| Q3 FY2022 | Sep 30, 2022 | 59.1% | −3.6 |
| Q2 FY2022 | Jun 30, 2022 | 62.5% | −0.1 |
| Q1 FY2022 | Mar 31, 2022 | 60.9% | −0.7 |
| Q4 FY2021 | Dec 31, 2021 | 61.3% | +3.5 |
| Q3 FY2021 | Sep 30, 2021 | 62.7% | +3.8 |
| Q2 FY2021 | Jun 30, 2021 | 62.6% | +9.3 |
| Q1 FY2021 | Mar 31, 2021 | 61.6% | +4.6 |
| Q4 FY2020 | Dec 31, 2020 | 57.8% | −1.3 |
| Q3 FY2020 | Sep 30, 2020 | 58.9% | −5.0 |
| Q2 FY2020 | Jun 30, 2020 | 53.4% | −10.3 |
| Q1 FY2020 | Mar 31, 2020 | 57.0% | −2.9 |
| Q4 FY2019 | Dec 31, 2019 | 59.1% | −4.8 |
| Q3 FY2019 | Sep 30, 2019 | 64.0% | +2.0 |
| Q2 FY2019 | Jun 30, 2019 | 63.6% | +0.0 |
| Q1 FY2019 | Mar 31, 2019 | 59.9% | −3.8 |
| Q4 FY2018 | Dec 31, 2018 | 63.9% | +4.5 |
| Q3 FY2018 | Sep 30, 2018 | 62.0% | +4.1 |
| Q2 FY2018 | Jun 30, 2018 | 63.6% | +5.9 |
| Q1 FY2018 | Mar 31, 2018 | 63.7% | +3.5 |
| Q4 FY2017 | Dec 31, 2017 | 59.4% | +116.3 |
| Q3 FY2017 | Sep 30, 2017 | 58.0% | – |
| Q2 FY2017 | Jun 30, 2017 | 57.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 60.2% | – |
| Q4 FY2016 | Dec 31, 2016 | -56.9% | – |
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