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) Operating margin

Alert me on Operating margin

WEX Inc.'s operating margin over the twelve months to 30 September 2026 was 26.6%, up 1.7 percentage points from fiscal 2025 (25.0%). Over the past ten years it has ranged from −5.88% (fiscal 2020) to 27.4% (fiscal 2015); the current reading is higher than 64% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.31%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 25.0% (1.16)
FY2024 26.1% 0.71
FY2023 25.4% 5.41
FY2022 20.0% 1.52
FY2021 18.5% 24.35
FY2020 −5.88% (28.26)
FY2019 22.4% (3.12)
FY2018 25.5% 6.80
FY2017 18.7% 3.04
FY2016 15.7% (11.77)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 30.6% 3.67
Jun 2026 26.9% 3.48
Mar 2026 23.5% (1.27)
Dec 2025 24.7% (1.80)
43 more quarters

Against its own ten years

Low −5.88% High 27.4%
Ten-year median 22.4%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
WEX WEX Inc. 26.6%
ACIW ACI Worldwide, Inc. compare 18.6%
DOX Amdocs Limited compare 13.5%
RELY Remitly Global, Inc. compare 9.45%
BOX Box, Inc. compare 9.43%
PATH UiPath, Inc. compare 8.89%
TENB Tenable Holdings, Inc. compare 4.37%
VRNS Varonis Systems, Inc. compare −22.0%
MBGL Mobility Global Inc. compare —
Software Infrastructure industry median 0.00%
Technology sector median 0.31%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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