Wex annual gross margin
2008
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2021
2022
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2024
2025
Wex Gross Margin Growth & History (WEX)
Wex's gross margin was 40.36% for fiscal 2025.
View full Wex company overviewWex annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 40.36% | −4.06 pp |
| 2024 | 2024-12-31 | 44.42% | −2.63 pp |
| 2023 | 2023-12-31 | 47.06% | +2.13 pp |
| 2022 | 2022-12-31 | 44.93% | −2.90 pp |
| 2021 | 2021-12-31 | 47.83% | +7.46 pp |
| 2020 | 2020-12-31 | 40.37% | −4.99 pp |
| 2019 | 2019-12-31 | 45.36% | +0.33 pp |
| 2018 | 2018-12-31 | 45.03% | −13.78 pp |
| 2017 | 2017-12-31 | 58.81% | +4.13 pp |
| 2016 | 2016-12-31 | 54.69% | −44.94 pp |
| 2015 | 2015-12-31 | 99.62% | +14.28 pp |
| 2014 | 2014-12-31 | 85.34% | −0.25 pp |
| 2013 | 2013-12-31 | 85.58% | +2.14 pp |
| 2012 | 2012-12-31 | 83.44% | −3.87 pp |
| 2011 | 2011-12-31 | 87.31% | −0.82 pp |
| 2010 | 2010-12-31 | 88.12% | −3.10 pp |
| 2009 | 2009-12-31 | 91.22% | −3.53 pp |
| 2008 | 2008-12-31 | 94.75% | — |
Wex quarterly gross margin
Q2.09
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 43.56% | +3.57 pp |
| Q1 2026 | 2026-03-31 | 39.40% | +0.17 pp |
| Q4 2025 | 2025-12-31 | 39.02% | −2.47 pp |
| Q3 2025 | 2025-09-30 | 43.04% | −4.93 pp |
| Q2 2025 | 2025-06-30 | 39.99% | −4.89 pp |
| Q1 2025 | 2025-03-31 | 39.23% | −3.85 pp |
| Q4 2024 | 2024-12-31 | 41.49% | −5.26 pp |
| Q3 2024 | 2024-09-30 | 47.97% | −1.93 pp |
| Q2 2024 | 2024-06-30 | 44.88% | −2.25 pp |
| Q1 2024 | 2024-03-31 | 43.08% | −1.23 pp |
| Q4 2023 | 2023-12-31 | 46.75% | +4.08 pp |
| Q3 2023 | 2023-09-30 | 49.90% | +7.28 pp |
| Q2 2023 | 2023-06-30 | 47.13% | −2.04 pp |
| Q1 2023 | 2023-03-31 | 44.30% | −0.99 pp |
| Q4 2022 | 2022-12-31 | 42.67% | −3.14 pp |
| Q3 2022 | 2022-09-30 | 42.63% | −6.15 pp |
| Q2 2022 | 2022-06-30 | 49.17% | +0.01 pp |
| Q1 2022 | 2022-03-31 | 45.29% | −2.32 pp |
| Q4 2021 | 2021-12-31 | 45.81% | +5.14 pp |
| Q3 2021 | 2021-09-30 | 48.78% | +5.30 pp |
| Q2 2021 | 2021-06-30 | 49.16% | +13.12 pp |
| Q1 2021 | 2021-03-31 | 47.61% | +6.77 pp |
| Q4 2020 | 2020-12-31 | 40.68% | +13.40 pp |
| Q3 2020 | 2020-09-30 | 43.48% | −5.84 pp |
| Q2 2020 | 2020-06-30 | 36.04% | −12.78 pp |
| Q1 2020 | 2020-03-31 | 40.84% | −1.62 pp |
| Q4 2019 | 2019-12-31 | 27.28% | −8.90 pp |
| Q3 2019 | 2019-09-30 | 49.31% | +9.28 pp |
| Q2 2019 | 2019-06-30 | 48.82% | +5.86 pp |
| Q1 2019 | 2019-03-31 | 42.46% | −3.89 pp |
| Q4 2018 | 2018-12-31 | 36.18% | +11.57 pp |
| Q3 2018 | 2018-09-30 | 40.03% | −17.93 pp |
| Q2 2018 | 2018-06-30 | 42.97% | −14.75 pp |
| Q1 2018 | 2018-03-31 | 46.36% | −53.29 pp |
| Q4 2017 | 2017-12-31 | 24.61% | +83.59 pp |
| Q3 2017 | 2017-09-30 | 57.96% | −41.74 pp |
| Q2 2017 | 2017-06-30 | 57.72% | −42.00 pp |
| Q1 2017 | 2017-03-31 | 99.65% | +0.09 pp |
| Q4 2016 | 2016-12-31 | −58.97% | −158.62 pp |
| Q3 2016 | 2016-09-30 | 99.70% | +0.01 pp |
| Q2 2016 | 2016-06-30 | 99.72% | +0.04 pp |
| Q1 2016 | 2016-03-31 | 99.56% | +0.11 pp |
| Q4 2015 | 2015-12-31 | 99.65% | +53.86 pp |
| Q3 2015 | 2015-09-30 | 99.69% | +0.51 pp |
| Q2 2015 | 2015-06-30 | 99.68% | +0.80 pp |
| Q1 2015 | 2015-03-31 | 99.45% | −0.03 pp |
| Q4 2014 | 2014-12-31 | 45.79% | +0.74 pp |
| Q3 2014 | 2014-09-30 | 99.18% | −0.27 pp |
| Q2 2014 | 2014-06-30 | 98.88% | −0.48 pp |
| Q1 2014 | 2014-03-31 | 99.48% | +0.13 pp |
| Q4 2013 | 2013-12-31 | 45.05% | +4.77 pp |
| Q3 2013 | 2013-09-30 | 99.45% | −0.08 pp |
| Q2 2013 | 2013-06-30 | 99.36% | −0.13 pp |
| Q1 2013 | 2013-03-31 | 99.35% | −0.13 pp |
| Q4 2012 | 2012-12-31 | 40.28% | −11.69 pp |
| Q3 2012 | 2012-09-30 | 99.53% | +0.30 pp |
| Q2 2012 | 2012-06-30 | 99.49% | +0.07 pp |
| Q1 2012 | 2012-03-31 | 99.48% | +0.36 pp |
| Q4 2011 | 2011-12-31 | 51.97% | −9.10 pp |
| Q3 2011 | 2011-09-30 | 99.23% | −0.32 pp |
| Q2 2011 | 2011-06-30 | 99.42% | +0.13 pp |
| Q1 2011 | 2011-03-31 | 99.12% | −0.23 pp |
| Q4 2010 | 2010-12-31 | 61.08% | — |
| Q3 2010 | 2010-09-30 | 99.55% | +0.30 pp |
| Q2 2010 | 2010-06-30 | 99.28% | +0.26 pp |
| Q1 2010 | 2010-03-31 | 99.35% | — |
| Q3 2009 | 2009-09-30 | 99.26% | — |
| Q2 2009 | 2009-06-30 | 99.02% | — |
Wex gross margin trends
Over the last five fiscal years, Wex's gross margin decreased from 40.37% to 40.36%, a change of −0.01 percentage points. The latest reported quarter, Q2 2026, shows 43.56%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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