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WEX WEX Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin59.6%0.0pp58.8%-1.3pp58.6%-1.9pp59.1%-1.9pp59.6%-1.7pp
Operating margin25.5%-0.2pp24.6%-1.4pp25%-1.2pp25%-0.9pp25.7%+0.5pp
Net margin12.6%+0.8pp11.5%-0.6pp11.4%-0.3pp10.8%-1.6pp11.8%+2.5pp
Returns
Return on equity30.2%+8.0pp29.8%+5.4pp22.3%+3.6pp20.3%+0.7pp22.2%+8.3pp
Return on invested capital10.5%-0.4pp9.3%-1.8pp10.7%-2.0pp9.9%-2.6pp10.8%-2.4pp
Efficiency
Asset turnover0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Liquidity
Current ratio0.0×0.0×0.0×0.0×0.0×
Leverage
Debt-to-equity-1.6×4.1×-2.8×+1.0×4.5×+1.8×5.6×+3.2×
Net debt / EBITDA3.4×-0.5×-0.3×3.3×+0.3×3.6×+0.3×3.9×+1.4×
Per Share
Book value per share$38.53+35.4%$36.41+77.0%$34.39-4.6%$32.14-21.8%$28.45-33.0%
Valuation
Market capitalization$6.42B+9.6%$5.25B-13.8%$5.11B-26.8%$5.4B-38.3%$4.95B-33.2%
Price / earnings18.3×-0.8×16.9×-2.4×16.8×-5.7×19×-7.4×16.1×-13.9×
Price / sales2.3×0.0×1.9×-0.4×1.9×-0.7×2.1×-1.2×1.9×-0.9×
Price / book4.8×-1.2×4.1×-3.4×4.1×-0.5×4.8×-0.4×5.1×+0.9×
EV / EBITDA9.6×-0.2×9.3×-1.1×8.4×-1.5×9.1×-2.9×8.9×-1.3×

FAQ

What are WEX's profit margins?
WEX (WEX) runs a 59.6% gross margin and a 25.5% operating margin, with a 12.6% net margin.
Where do WEX's ratios come from?
Every ratio is computed from WEX's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.