stockrowWEX Inc.
WEX Technology Software Infrastructure
WEX Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 1.24% from fiscal 2024.
- Revenue
- +12.8%
- EPS
- +69.1%
- Free cash flow
- −117.0%
- Total debt
- −7.03%
Quarter to September 2026, against a year earlier
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WEX Inc. (WEX) Gross margin
WEX Inc.'s gross margin over the twelve months to 30 September 2026 was 60.4%, up 1.7 percentage points from fiscal 2025 (58.6%). Over the past ten years it has ranged from 54.7% (fiscal 2016) to 73.5% (fiscal 2015); the current reading is higher than 27% of that period. That is in line with the Software Infrastructure industry median of 59.2% and above the Technology sector median of 47.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 58.6% | (1.88) |
| FY2024 | 60.5% | (1.28) |
| FY2023 | 61.8% | 1.39 |
| FY2022 | 60.4% | (1.64) |
| FY2021 | 62.1% | 5.21 |
| FY2020 | 56.8% | (4.88) |
| FY2019 | 61.7% | (1.57) |
| FY2018 | 63.3% | 4.48 |
| FY2017 | 58.8% | 4.12 |
| FY2016 | 54.7% | (18.77) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 63.2% | 1.62 |
| Jun 2026 | 61.5% | 3.11 |
| Mar 2026 | 58.4% | 0.57 |
| Dec 2025 | 57.9% | (2.49) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| PATH UiPath, Inc. compare | 82.6% |
| BOX Box, Inc. compare | 79.6% |
| TENB Tenable Holdings, Inc. compare | 78.1% |
| VRNS Varonis Systems, Inc. compare | 77.1% |
| RELY Remitly Global, Inc. compare | 61.5% |
| WEX WEX Inc. | 60.4% |
| ACIW ACI Worldwide, Inc. compare | 49.1% |
| DOX Amdocs Limited compare | 38.3% |
| MBGL Mobility Global Inc. compare | — |
| Software Infrastructure industry median | 59.2% |
| Technology sector median | 47.1% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WEX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement