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WEX WEX Operating margin

Operating margin at other companies

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CorpayCPAY
43.7%-0.9pp
HQY
HealthEquityHQY
25.6%+9.2pp
Expensify, Inc. logo
Expensify, Inc.EXFY
-8%
Vontier logo
VontierVNT
18.8%+0.8pp
Global Payments logo
Global PaymentsGPN
12.4%-12.3pp
Shift4 Payments logo
Shift4 PaymentsFOUR
8.1%+0.5pp

Other financials

Income statement

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Revenue$753.5M+14.2%
Gross profit$463.8M+19.9%
Operating income$203.2M+29.6%
Net income$108.5M+59.3%
EPS (diluted)$3.11+57.1%

Balance sheet

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Cash & equivalents$1.8B+15.8%
Total debt$5.4B-1.6%
Total equity$1.3B+37.4%
Total assets$16.5B+12.4%

Cash flow

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Operating cash flow-$77.6M-129%
CapEx$43.5M+25.7%
Free cash flow-$121.1M-153%

Valuation

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Market cap$6.42B+9.6%
Enterprise value$10B+2.5%
P/E18.3×-0.8×
P/S2.3×0.0×

Profitability

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Gross margin59.6%0.0pp
Net margin12.6%+0.8pp
FCF margin3.9%-7.0pp

Returns & leverage

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Return on equity30.2%+8.0pp
Debt / equity-1.6×
Current ratio0.0×

Where this comes from

Calculated from WEX’s reported figures.

Based on trailing twelve months.

The source filing: WEX’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 1:48 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001309108-26-000029

FAQ

What is WEX's operating margin?
WEX (WEX) reported operating margin of 25.5% in Q2 2026.
How has WEX's operating margin changed year-over-year?
WEX's operating margin decreased by 0.9% year-over-year, from 25.7% to 25.5%.
What is the long-term trend for WEX's operating margin?
Over 5 years (2020 to 2025), WEX's operating margin has grown at a 33.5% compound annual growth rate (CAGR), from -5.9% to 25%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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