Wex annual operating margin
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2025
Wex Operating Margin Growth & History (WEX)
Wex's operating margin was 35.98% for fiscal 2025.
View full Wex company overviewWex annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 35.98% | −0.78 pp |
| 2024 | 2024-12-31 | 36.75% | +1.55 pp |
| 2023 | 2023-12-31 | 35.20% | +7.40 pp |
| 2022 | 2022-12-31 | 27.80% | +2.39 pp |
| 2021 | 2021-12-31 | 25.41% | +33.53 pp |
| 2020 | 2020-12-31 | −8.12% | −40.08 pp |
| 2019 | 2019-12-31 | 31.96% | −6.23 pp |
| 2018 | 2018-12-31 | 38.19% | +19.49 pp |
| 2017 | 2017-12-31 | 18.70% | +3.04 pp |
| 2016 | 2016-12-31 | 15.66% | −11.11 pp |
| 2015 | 2015-12-31 | 26.77% | −10.68 pp |
| 2014 | 2014-12-31 | 37.45% | −1.12 pp |
| 2013 | 2013-12-31 | 38.57% | +3.01 pp |
| 2012 | 2012-12-31 | 35.56% | −6.62 pp |
| 2011 | 2011-12-31 | 42.19% | +3.58 pp |
| 2010 | 2010-12-31 | 38.60% | +1.12 pp |
| 2009 | 2009-12-31 | 37.48% | −4.11 pp |
| 2008 | 2008-12-31 | 41.59% | — |
Wex quarterly operating margin
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Q1.25
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 39.59% | +5.08 pp |
| Q1 2026 | 2026-03-31 | 34.23% | −1.18 pp |
| Q4 2025 | 2025-12-31 | 35.73% | +0.01 pp |
| Q3 2025 | 2025-09-30 | 38.12% | −2.88 pp |
| Q2 2025 | 2025-06-30 | 34.51% | −0.62 pp |
| Q1 2025 | 2025-03-31 | 35.40% | +0.36 pp |
| Q4 2024 | 2024-12-31 | 35.73% | +2.75 pp |
| Q3 2024 | 2024-09-30 | 41.00% | +3.73 pp |
| Q2 2024 | 2024-06-30 | 35.12% | −0.74 pp |
| Q1 2024 | 2024-03-31 | 35.04% | +0.29 pp |
| Q4 2023 | 2023-12-31 | 32.98% | −2.32 pp |
| Q3 2023 | 2023-09-30 | 37.27% | +32.42 pp |
| Q2 2023 | 2023-06-30 | 35.86% | −2.91 pp |
| Q1 2023 | 2023-03-31 | 34.75% | +1.66 pp |
| Q4 2022 | 2022-12-31 | 35.30% | +4.83 pp |
| Q3 2022 | 2022-09-30 | 4.85% | −23.85 pp |
| Q2 2022 | 2022-06-30 | 38.77% | +14.40 pp |
| Q1 2022 | 2022-03-31 | 33.09% | +16.31 pp |
| Q4 2021 | 2021-12-31 | 30.47% | +99.84 pp |
| Q3 2021 | 2021-09-30 | 28.70% | +28.04 pp |
| Q2 2021 | 2021-06-30 | 24.37% | +13.00 pp |
| Q1 2021 | 2021-03-31 | 16.78% | −7.04 pp |
| Q4 2020 | 2020-12-31 | −69.37% | −103.98 pp |
| Q3 2020 | 2020-09-30 | 0.66% | −35.53 pp |
| Q2 2020 | 2020-06-30 | 11.37% | −18.79 pp |
| Q1 2020 | 2020-03-31 | 23.82% | −2.06 pp |
| Q4 2019 | 2019-12-31 | 34.61% | +0.54 pp |
| Q3 2019 | 2019-09-30 | 36.19% | −5.69 pp |
| Q2 2019 | 2019-06-30 | 30.16% | −12.25 pp |
| Q1 2019 | 2019-03-31 | 25.89% | −9.10 pp |
| Q4 2018 | 2018-12-31 | 34.06% | +15.43 pp |
| Q3 2018 | 2018-09-30 | 41.88% | +22.22 pp |
| Q2 2018 | 2018-06-30 | 42.40% | +26.75 pp |
| Q1 2018 | 2018-03-31 | 34.98% | +14.13 pp |
| Q4 2017 | 2017-12-31 | 18.63% | +14.70 pp |
| Q3 2017 | 2017-09-30 | 19.67% | +0.70 pp |
| Q2 2017 | 2017-06-30 | 15.66% | −6.41 pp |
| Q1 2017 | 2017-03-31 | 20.85% | +0.88 pp |
| Q4 2016 | 2016-12-31 | 3.93% | −19.53 pp |
| Q3 2016 | 2016-09-30 | 18.96% | −11.00 pp |
| Q2 2016 | 2016-06-30 | 22.07% | −7.38 pp |
| Q1 2016 | 2016-03-31 | 19.97% | −3.88 pp |
| Q4 2015 | 2015-12-31 | 23.46% | −5.73 pp |
| Q3 2015 | 2015-09-30 | 29.97% | −16.19 pp |
| Q2 2015 | 2015-06-30 | 29.45% | −10.40 pp |
| Q1 2015 | 2015-03-31 | 23.85% | −9.95 pp |
| Q4 2014 | 2014-12-31 | 29.19% | −9.89 pp |
| Q3 2014 | 2014-09-30 | 46.16% | +5.49 pp |
| Q2 2014 | 2014-06-30 | 39.85% | +2.22 pp |
| Q1 2014 | 2014-03-31 | 33.80% | −2.80 pp |
| Q4 2013 | 2013-12-31 | 39.08% | +9.79 pp |
| Q3 2013 | 2013-09-30 | 40.67% | +8.81 pp |
| Q2 2013 | 2013-06-30 | 37.63% | −3.46 pp |
| Q1 2013 | 2013-03-31 | 36.60% | −4.76 pp |
| Q4 2012 | 2012-12-31 | 29.29% | −14.14 pp |
| Q3 2012 | 2012-09-30 | 31.86% | −11.10 pp |
| Q2 2012 | 2012-06-30 | 41.08% | −2.22 pp |
| Q1 2012 | 2012-03-31 | 41.37% | +2.92 pp |
| Q4 2011 | 2011-12-31 | 43.43% | +6.03 pp |
| Q3 2011 | 2011-09-30 | 42.96% | +6.85 pp |
| Q2 2011 | 2011-06-30 | 43.30% | +0.27 pp |
| Q1 2011 | 2011-03-31 | 38.45% | +0.05 pp |
| Q4 2010 | 2010-12-31 | 37.41% | −4.94 pp |
| Q3 2010 | 2010-09-30 | 36.11% | −5.46 pp |
| Q2 2010 | 2010-06-30 | 43.03% | — |
| Q1 2010 | 2010-03-31 | 38.40% | — |
| Q3 2009 | 2009-09-30 | 42.35% | — |
| Q2 2009 | 2009-06-30 | 41.57% | — |
Wex operating margin trends
Over the last five reported fiscal years, Wex's operating margin increased from −8.12% to 35.98%, a change of +44.10 percentage points. The latest reported quarter, Q2 2026, shows 39.59%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review Wex filings at SEC.gov ↗