What are WEX's profit margins?

WEX (WEX) runs a 58.8% gross margin and a 24.6% operating margin, with a 11.5% 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.

WEX WEX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	58.8%-1.3pp	58.6%-1.9pp	59.1%-1.9pp	59.6%-1.7pp	60.2%-1.5pp
Operating margin	24.6%-1.4pp	25%-1.2pp	25%-0.9pp	25.7%+0.5pp	26%+0.6pp
Net margin	11.5%-0.6pp	11.4%-0.3pp	10.8%-1.6pp	11.8%+2.5pp	12.1%+1.9pp
Returns
Return on equity	29.8%+5.4pp	22.3%+3.6pp	20.3%+0.7pp	22.2%+8.3pp	24.4%+9.0pp
Return on invested capital	9.3%-1.8pp	10.7%-2.0pp	9.9%-2.6pp	10.8%-2.4pp	11.1%-2.8pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Liquidity
Current ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Leverage
Debt-to-equity	4.1×-2.8×	4×+1.0×	4.5×+1.8×	5.6×+3.2×	6.9×+4.5×
Net debt / EBITDA	4×-0.3×	3.3×+0.3×	3.6×+0.3×	3.9×+1.4×	4.3×+2.1×
Per Share
Book value per share	$36.41+77.0%	$34.39-4.6%	$32.14-21.8%	$28.45-33.0%	$20.57-50.9%
Valuation
Market capitalization	$5.25B-13.8%	$5.11B-26.8%	$5.4B-38.3%	$4.95B-33.2%	$6.09B-38.6%
Price / earnings	16.9×-2.4×	16.8×-5.7×	19×-7.4×	16.1×-13.9×	19.3×-18.2×
Price / sales	1.9×-0.4×	1.9×-0.7×	2.1×-1.2×	1.9×-0.9×	2.3×-1.5×
Price / book	4.1×-3.4×	4.1×-0.5×	4.8×-0.4×	5.1×+0.9×	7.5×+1.9×
EV / EBITDA	9.3×-1.1×	8.4×-1.5×	9.1×-2.9×	8.9×-1.3×	10.4×-2.4×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about WEX.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are WEX's profit margins?: WEX (WEX) runs a 58.8% gross margin and a 24.6% operating margin, with a 11.5% 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.