WEX 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

181.31 3.56 −1.93%
Market cap
$6.0B
P/E
15.4×
Fwd P/E
14.8×
Dividend yield
—
F-score
5/9
Altman Z
0.84
Beneish M
−2.46
Dividend safety
n/a

WEX Inc. (WEX) Net margin

Alert me on Net margin

WEX Inc.'s net margin over the twelve months to 30 September 2026 was 14.0%, up 2.6 percentage points from fiscal 2025 (11.4%). Over the past ten years it has ranged from −15.6% (fiscal 2020) to 12.8% (fiscal 2017); the current reading is higher than 73% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 11.4% (0.35)
FY2024 11.8% 1.32
FY2023 10.5% 1.89
FY2022 8.57% 8.56
FY2021 0.01% 15.63
FY2020 −15.6% (21.36)
FY2019 5.74% (5.53)
FY2018 11.3% (1.55)
FY2017 12.8% 10.50
FY2016 2.32% (9.60)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 17.2% 2.79
Jun 2026 14.4% 2.87
Mar 2026 11.5% (0.98)
Dec 2025 12.5% 0.90
43 more quarters

Against its own ten years

Low −15.6% High 12.8%
Ten-year median 10.5%
Current reading's percentile 95

Net margin against peers

Company Net margin
PATH UiPath, Inc. compare 21.0%
RELY Remitly Global, Inc. compare 16.9%
WEX WEX Inc. 14.0%
ACIW ACI Worldwide, Inc. compare 12.4%
DOX Amdocs Limited compare 9.56%
BOX Box, Inc. compare 8.14%
TENB Tenable Holdings, Inc. compare 1.48%
VRNS Varonis Systems, Inc. compare −20.6%
MBGL Mobility Global Inc. compare —
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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