Wex annual debt-to-equity ratio
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Wex Debt-to-Equity Ratio Growth & History (WEX)
Wex's debt-to-equity ratio was 3.99 for fiscal 2025.
View full Wex company overviewWex annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.99 | 1.00 | +33.51% |
| 2024 | 2024-12-31 | 2.99 | 0.82 | +37.75% |
| 2023 | 2023-12-31 | 2.17 | 0.44 | +25.39% |
| 2022 | 2022-12-31 | 1.73 | 0.10 | +5.90% |
| 2021 | 2021-12-31 | 1.63 | −0.01 | −0.53% |
| 2020 | 2020-12-31 | 1.64 | 0.08 | +4.85% |
| 2019 | 2019-12-31 | 1.57 | 0.25 | +18.92% |
| 2018 | 2018-12-31 | 1.32 | 1.20 | +995.58% |
| 2017 | 2017-12-31 | 0.12 | 0.04 | +43.04% |
| 2016 | 2016-12-31 | 0.08 | 0.04 | +80.97% |
| 2015 | 2015-12-31 | 0.05 | −0.00 | −9.15% |
| 2014 | 2014-12-31 | 0.05 | 0.04 | +534.04% |
| 2013 | 2013-12-31 | 0.01 | −0.75 | −98.94% |
| 2012 | 2012-12-31 | 0.76 | — | — |
Wex quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.98 | −1.58 | −28.34% |
| Q1 2026 | 2026-03-31 | 4.11 | −2.78 | −40.37% |
| Q4 2025 | 2025-12-31 | 3.99 | 1.00 | +33.51% |
| Q3 2025 | 2025-09-30 | 4.49 | 1.76 | +64.64% |
| Q2 2025 | 2025-06-30 | 5.56 | 3.20 | +135.64% |
| Q1 2025 | 2025-03-31 | 6.89 | 4.53 | +192.08% |
| Q4 2024 | 2024-12-31 | 2.99 | 0.82 | +37.75% |
| Q3 2024 | 2024-09-30 | 2.73 | 0.60 | +28.35% |
| Q2 2024 | 2024-06-30 | 2.36 | 0.54 | +29.52% |
| Q1 2024 | 2024-03-31 | 2.36 | 0.59 | +33.00% |
| Q4 2023 | 2023-12-31 | 2.17 | 0.44 | +25.39% |
| Q3 2023 | 2023-09-30 | 2.13 | 0.38 | +21.82% |
| Q2 2023 | 2023-06-30 | 1.82 | 0.20 | +12.65% |
| Q1 2023 | 2023-03-31 | 1.77 | 0.25 | +16.59% |
| Q4 2022 | 2022-12-31 | 1.73 | 0.10 | +5.90% |
| Q3 2022 | 2022-09-30 | 1.75 | 0.13 | +7.84% |
| Q2 2022 | 2022-06-30 | 1.62 | −0.06 | −3.69% |
| Q1 2022 | 2022-03-31 | 1.52 | −0.01 | −0.33% |
| Q4 2021 | 2021-12-31 | 1.63 | −0.01 | −0.53% |
| Q3 2021 | 2021-09-30 | 1.62 | 0.18 | +12.26% |
| Q2 2021 | 2021-06-30 | 1.68 | 0.28 | +19.69% |
| Q1 2021 | 2021-03-31 | 1.53 | 0.02 | +1.08% |
| Q4 2020 | 2020-12-31 | 1.64 | 0.08 | +4.85% |
| Q3 2020 | 2020-09-30 | 1.44 | −0.17 | −10.82% |
| Q2 2020 | 2020-06-30 | 1.40 | −0.25 | −14.94% |
| Q1 2020 | 2020-03-31 | 1.51 | −0.20 | −11.59% |
| Q4 2019 | 2019-12-31 | 1.57 | 0.25 | +18.92% |
| Q3 2019 | 2019-09-30 | 1.62 | 0.32 | +24.99% |
| Q2 2019 | 2019-06-30 | 1.65 | 0.24 | +17.34% |
| Q1 2019 | 2019-03-31 | 1.71 | 0.33 | +23.57% |
| Q4 2018 | 2018-12-31 | 1.32 | 1.20 | +995.58% |
| Q3 2018 | 2018-09-30 | 1.29 | 1.19 | +1170.59% |
| Q2 2018 | 2018-06-30 | 1.41 | 1.31 | +1389.35% |
| Q1 2018 | 2018-03-31 | 1.38 | 1.31 | +1888.54% |
| Q4 2017 | 2017-12-31 | 0.12 | 0.04 | +43.04% |
| Q3 2017 | 2017-09-30 | 0.10 | 0.03 | +42.96% |
| Q2 2017 | 2017-06-30 | 0.09 | 0.04 | +72.60% |
| Q1 2017 | 2017-03-31 | 0.07 | 0.02 | +55.55% |
| Q4 2016 | 2016-12-31 | 0.08 | 0.04 | +80.97% |
| Q3 2016 | 2016-09-30 | 0.07 | 0.02 | +50.95% |
| Q2 2016 | 2016-06-30 | 0.05 | 0.01 | +15.62% |
| Q1 2016 | 2016-03-31 | 0.04 | −0.00 | −8.26% |
| Q4 2015 | 2015-12-31 | 0.05 | −0.00 | −9.15% |
| Q3 2015 | 2015-09-30 | 0.05 | −0.00 | −8.87% |
| Q2 2015 | 2015-06-30 | 0.05 | 0.02 | +55.32% |
| Q1 2015 | 2015-03-31 | 0.05 | — | — |
| Q4 2014 | 2014-12-31 | 0.05 | 0.04 | +534.04% |
| Q3 2014 | 2014-09-30 | 0.05 | — | — |
| Q2 2014 | 2014-06-30 | 0.03 | — | — |
| Q4 2013 | 2013-12-31 | 0.01 | −0.75 | −98.94% |
| Q4 2012 | 2012-12-31 | 0.76 | — | — |
Wex debt-to-equity ratio trends
Over the last five fiscal years, Wex's debt-to-equity ratio increased from 1.64 to 3.99, a change of 2.35. The latest reported quarter, Q2 2026, shows 3.98.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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