Last 47 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.49 | 11.34 | 17.23 | 15.45 | 17.12 | 18.55 | 21.69 | 27.39 | 20.81 | 24.20 | 38.31 | 24.56 | 111.96 | 20.69 | 29.47 | 20.25 | — | 51.17 | 22.76 | — | 41.15 |
| — | -38.8% | -20.5% | -43.6% | -17.7% | -23.4% | -43.4% | +11.5% | -81.4% | +17.0% | +30.0% | +21.3% | — | -59.6% | +29.5% | — | — | — | — | — | — | |
| P/S Ratio | 2.33 | 1.63 | 1.99 | 1.94 | 1.98 | 1.92 | 2.43 | 2.75 | 3.21 | 2.76 | 3.86 | 3.14 | 3.13 | 3.18 | 3.28 | 2.91 | 2.28 | 2.93 | 3.91 | 3.17 | 4.13 |
| — | -14.7% | -18.2% | -29.7% | -38.4% | -30.7% | -37.0% | -12.2% | +2.6% | -13.1% | +17.8% | +7.9% | +37.5% | +8.5% | -16.2% | -8.1% | -44.8% | -38.0% | -30.8% | -43.8% | +2.9% | |
| P/B Ratio | 5.29 | 3.66 | 4.20 | 4.22 | 4.90 | 5.16 | 7.63 | 4.71 | 5.10 | 4.17 | 5.67 | 4.57 | 4.81 | 4.47 | 4.80 | 4.36 | 3.44 | 3.86 | 4.20 | 3.01 | 3.92 |
| — | -29.1% | -44.9% | -10.3% | -3.9% | +23.8% | +34.7% | +3.0% | +6.0% | -6.6% | +18.0% | +4.8% | +39.8% | +15.7% | +14.3% | +44.9% | -12.1% | -11.9% | -8.1% | -31.9% | +40.7% | |
| P/FCF | 19.77 | — | — | 5.09 | 4.01 | 5.49 | — | 2.92 | — | — | — | 2.89 | 202.06 | 52.40 | — | 9.71 | 3.56 | 1228.48 | — | 11.82 | 21.40 |
| — | — | — | +74.0% | — | — | — | +1.1% | — | — | — | -70.2% | +5583.4% | -95.7% | — | -17.9% | -83.4% | +4231.6% | — | -67.6% | -56.6% | |
| EV / EBITDA | 10.08 | 9.40 | 10.38 | 9.22 | 10.89 | 10.09 | 11.68 | 11.28 | 11.34 | 11.07 | 13.88 | 10.76 | 11.15 | 11.29 | 11.33 | 9.22 | 21.90 | 10.05 | 13.83 | 11.18 | 15.39 |
| — | -6.9% | -11.1% | -18.3% | -3.9% | -8.8% | -15.8% | +4.9% | +1.6% | -2.0% | +22.5% | +16.7% | -49.1% | +12.3% | -18.1% | -17.5% | +42.3% | -46.8% | -43.9% | — | -45.6% | |
| EV / EBIT | 15.02 | 11.22 | 15.36 | 13.53 | 13.45 | 15.34 | 18.19 | 19.55 | 15.79 | 16.51 | 22.43 | 13.17 | 27.25 | 16.17 | 16.57 | 12.79 | — | 29.57 | 16.27 | 15.15 | 25.14 |
| — | -26.9% | -15.6% | -30.8% | -14.8% | -7.1% | -18.9% | +48.4% | -42.1% | +2.1% | +35.3% | +3.0% | — | -45.3% | +1.9% | -15.6% | — | -56.0% | -69.2% | — | -93.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.9% | 55.8% | 56.3% | 54.4% | 60.3% | 58.6% | 57.6% | 59.5% | 62.5% | 60.8% | 59.1% | 61.4% | 63.9% | 62.2% | 59.6% | 59.3% | 59.1% | 62.5% | 60.9% | 61.3% | 62.7% |
| — | -4.9% | -2.2% | -8.6% | -3.5% | -3.6% | -2.5% | -3.1% | -2.1% | -2.1% | -0.9% | +3.6% | +8.2% | -0.5% | -2.2% | -3.2% | -5.8% | -0.2% | -1.1% | +6.1% | +6.4% | |
| Operating Margin | 25.4% | 27.0% | 23.5% | 24.8% | 26.5% | 23.8% | 24.7% | 24.7% | 29.5% | 25.0% | 25.2% | 23.9% | 26.8% | 25.7% | 25.2% | 25.1% | 3.5% | 28.6% | 23.6% | 21.8% | 20.9% |
| — | +13.4% | -5.0% | +0.2% | -10.1% | -4.8% | -2.0% | +3.4% | +9.9% | -2.7% | -0.0% | -4.7% | +676.6% | -10.3% | +6.7% | +15.2% | -83.4% | +59.7% | +92.1% | +144.1% | +4225.7% | |
| Net Margin | 11.4% | 14.4% | 11.5% | 12.5% | 11.6% | 10.3% | 11.2% | 10.0% | 15.5% | 11.4% | 10.1% | 12.8% | 2.8% | 15.3% | 11.1% | 14.3% | -7.2% | 5.7% | 23.7% | -2.4% | 10.0% |
| — | +39.5% | +2.7% | +24.8% | -24.9% | -9.7% | +11.4% | -21.6% | +447.4% | -25.5% | -9.3% | -10.7% | +139.5% | +169.1% | -53.2% | +706.6% | -171.5% | +177.4% | +3899.8% | +96.0% | +158.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.3% | 8.3% | 6.2% | 7.2% | 7.7% | 7.6% | 6.2% | 4.0% | 5.9% | 4.3% | 3.7% | 4.8% | 1.1% | 5.5% | 4.1% | 5.4% | -2.6% | 1.8% | 6.1% | -0.6% | 2.4% |
| — | +8.8% | -0.4% | +77.5% | +28.8% | +76.0% | +70.1% | -16.4% | +459.9% | -22.0% | -10.7% | -10.7% | +141.5% | +204.1% | -33.0% | +1049.1% | -206.4% | +208.0% | +4941.9% | +94.8% | +178.4% | |
| ROA | 2.2% | 0.7% | 0.5% | 0.6% | 0.6% | 0.5% | 0.5% | 0.5% | 0.7% | 0.5% | 0.5% | 0.6% | 0.1% | 0.7% | 0.6% | 0.8% | -0.4% | 0.3% | 1.1% | -0.1% | 0.5% |
| — | +42.9% | -0.6% | +24.9% | -24.4% | -11.5% | +12.7% | -23.4% | +440.0% | -26.5% | -17.1% | -19.2% | +137.1% | +153.6% | -50.6% | +737.6% | -170.6% | +174.7% | +3749.2% | +95.8% | +163.5% | |
| ROIC | 9.6% | 2.7% | 2.1% | 2.4% | 2.5% | 2.1% | 2.1% | 2.1% | 2.7% | 2.4% | 2.8% | 3.0% | 3.1% | 3.1% | 3.7% | 3.7% | 0.4% | 3.0% | 2.3% | 2.0% | 1.7% |
| — | +29.8% | +0.5% | +10.7% | -6.1% | -14.3% | -24.5% | -28.8% | -14.1% | -22.1% | -23.5% | -18.8% | +677.5% | +3.2% | +62.3% | +88.9% | -76.0% | +115.4% | +145.0% | +150.0% | +4293.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.94 | 3.98 | 4.11 | 3.94 | 4.49 | 5.56 | 6.89 | 2.94 | 2.73 | 2.36 | 2.36 | 2.17 | 2.13 | 1.82 | 1.75 | 1.70 | 1.72 | 1.62 | 1.52 | 1.41 | 1.47 |
| — | -28.3% | -40.4% | +33.9% | +64.6% | +135.6% | +192.1% | +35.6% | +28.3% | +29.5% | +34.9% | +27.4% | +23.8% | +12.6% | +14.9% | +20.8% | +17.1% | +6.4% | +7.9% | -8.3% | +7.5% | |
| Debt / EBITDA | 4.82 | 22.08 | 21.84 | 19.55 | 22.58 | 22.60 | 23.39 | 18.30 | 16.48 | 16.99 | 17.27 | 16.91 | 14.88 | 14.23 | 13.21 | 12.71 | 32.05 | 12.41 | 15.53 | 16.49 | 17.63 |
| — | -2.3% | -6.6% | +6.8% | +37.0% | +33.0% | +35.4% | +8.2% | +10.7% | +19.4% | +30.7% | +33.1% | -53.6% | +14.6% | -14.9% | -22.9% | +81.8% | -38.6% | -36.3% | — | -60.5% | |
| Current Ratio | 1.05 | 1.04 | 1.05 | 1.05 | 1.05 | 1.04 | 1.05 | 1.02 | 1.04 | 1.03 | 1.06 | 1.05 | 1.03 | 1.04 | 1.07 | 1.08 | 1.12 | 1.16 | 1.21 | 1.20 | 1.23 |
| — | +0.2% | +0.2% | +2.3% | +0.5% | +0.7% | -1.3% | -2.2% | +1.3% | -0.9% | -1.1% | -3.4% | -8.1% | -10.0% | -11.0% | -10.1% | -8.8% | -0.3% | +7.6% | -5.8% | -18.4% | |
| Quick Ratio | 1.05 | 1.04 | 0.59 | 1.05 | 1.05 | 1.04 | 1.05 | 1.02 | 1.04 | 1.03 | 1.06 | 1.05 | 1.03 | 1.04 | 1.07 | 1.08 | 1.12 | 1.16 | 1.21 | 1.20 | 1.23 |
| — | +0.2% | -43.6% | +2.3% | +0.5% | +0.7% | -1.3% | -2.2% | +1.3% | -0.9% | -1.1% | -3.4% | -8.1% | -10.0% | -11.0% | -10.1% | -8.8% | -0.3% | +7.6% | -5.8% | -18.4% | |
| Interest Coverage | 2.76 | 3.89 | 3.02 | 2.88 | 2.82 | 2.44 | 2.89 | 2.40 | 3.42 | 2.77 | 2.49 | 2.32 | 1.81 | 3.93 | 2.86 | 4.58 | -0.26 | 2.53 | 5.40 | 4.37 | 3.19 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying WEX stock.
WEX Inc.'s current P/E is 21.5x. The average P/E over the last 4 quarters is 15.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
WEX Inc.'s current operating margin is 25.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking WEX Inc.'s business trajectory between earnings reports.