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%+0.2pp	58.6%-0.4pp	59.1%-0.6pp	59.6%-0.6pp	60.2%-0.4pp
Operating margin	24.6%-0.3pp	25%0.0pp	25%-0.7pp	25.7%-0.3pp	26%-0.1pp
Net margin	11.5%+0.1pp	11.4%+0.6pp	10.8%-1.0pp	11.8%-0.3pp	12.1%+0.3pp
EBITDA margin	36.9%-0.5pp	37.4%-0.2pp	37.6%-0.8pp	38.4%-0.1pp	38.4%+0.1pp
Free cash flow margin	17%+5.2pp	11.8%-13.2pp	25%+14.1pp	10.9%+10.6pp	0.3%-12.4pp
Returns
Return on equity	29.8%+7.4pp	22.3%+2.0pp	20.3%-1.9pp	22.2%-2.2pp	24.4%+5.7pp
Return on assets	2.1%-0.1pp	2.2%+0.2pp	2%-0.1pp	2.1%-0.1pp	2.2%-0.1pp
Return on invested capital	9.3%-1.4pp	10.7%+0.8pp	9.9%-0.9pp	10.8%-0.3pp	11.1%-1.6pp
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×
Quick ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Cash ratio	0.1×-0.1×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.1×0.0×
Leverage
Debt-to-equity	4.1×+0.1×	4×-0.5×	4.5×-1.1×	5.6×-1.3×	6.9×+3.9×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.4×0.0×	0.4×+0.1×
Net debt / EBITDA	4×+0.8×	3.3×-0.3×	3.6×-0.3×	3.9×-0.4×	4.3×+1.3×
Per Share
Book value per share	$36.41+5.9%	$34.39+7.0%	$32.14+13.0%	$28.45+38.3%	$20.57-42.9%
Valuation
Market capitalization	$5.25B+2.8%	$5.11B-5.4%	$5.4B+9.1%	$4.95B-18.8%	$6.09B-12.6%
Enterprise value	$9.25B+10.7%	$8.35B-6.6%	$8.94B+0.9%	$8.86B-14.8%	$10.4B+4.2%
Price / earnings	16.9×+0.1×	16.8×-2.2×	19×+2.9×	16.1×-3.2×	19.3×-3.2×
Price / sales	1.9×0.0×	1.9×-0.1×	2.1×+0.2×	1.9×-0.4×	2.3×-0.3×
Price / book	4.1×0.0×	4.1×-0.7×	4.8×-0.2×	5.1×-2.5×	7.5×+2.8×
EV / EBITDA	9.3×+0.9×	8.4×-0.7×	9.1×+0.2×	8.9×-1.5×	10.4×+0.5×
EV / sales	3.4×+0.3×	3.1×-0.3×	3.4×0.0×	3.4×-0.6×	4×+0.2×
Free cash flow yield	8.8%+2.6pp	6.1%-6.0pp	12.2%+6.4pp	5.7%+5.6pp	0.1%-4.7pp
Earnings yield	5.9%0.0pp	6%+0.7pp	5.3%-0.9pp	6.2%+1.0pp	5.2%+0.7pp

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

Compare these in charts →

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.