WEX Inc. (WEX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WEX Revenue Growth
Revenue Breakdown (FY 2025)
WEX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WEX Revenue Analysis (2014–2025)
As of May 7, 2026, WEX Inc. (WEX) generated trailing twelve-month (TTM) revenue of $2.70 billion, reflecting solid growth of +5.8% year-over-year. The most recent quarter (Q1 2026) recorded $673.8 million in revenue, up 0.1% sequentially.
Looking at the longer-term picture, WEX's 5-year compound annual growth rate (CAGR) stands at +11.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.66 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows WEX's business is primarily driven by Payment Processing Revenue (43%), Account Servicing Revenue (27%), and Product and Service, Other (18%).
When compared to Technology sector peers including FLYW (+36772.8% YoY), PAYO (+7.7% YoY), and PRTH (+8.3% YoY), WEX has underperformed the peer group in terms of revenue growth. Compare WEX vs FLYW →
WEX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WEXCurrent | $2.7B | +5.8% | +11.3% | 25.4% | |
 FLYW | $623M | +36772.8% | +36.4% | 1.8% | |
 PAYO | $1.1B | +7.7% | +25.0% | 11.8% | |
 PRTH | $953M | +8.3% | +18.7% | 14.8% | |
 V | $40.0B | - | - | 60.0% | |
 MA | $32.8B | - | - | 59.2% |
WEX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.66B | +1.2% | $1.46B | 54.9% | $676.0M | 25.4% |
| 2024 | $2.63B | +3.1% | $1.59B | 60.5% | $686.3M | 26.1% |
| 2023 | $2.55B | +8.4% | $1.57B | 61.8% | $647.1M | 25.4% |
| 2022 | $2.35B | +27.0% | $1.42B | 60.4% | $469.8M | 20.0% |
| 2021 | $1.85B | +18.6% | $1.15B | 62.1% | $342.0M | 18.5% |
| 2020 | $1.56B | -9.5% | $886.7M | 56.8% | $-91,673,000 | -5.9% |
| 2019 | $1.72B | +15.5% | $1.06B | 61.7% | $385.8M | 22.4% |
| 2018 | $1.49B | +19.5% | $944.7M | 63.3% | $380.6M | 25.5% |
| 2017 | $1.25B | +23.3% | $734.3M | 58.8% | $233.4M | 18.7% |
| 2016 | $1.01B | +18.5% | $553.7M | 54.7% | $158.5M | 15.7% |
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Start ComparisonWEX — Frequently Asked Questions
Quick answers to the most common questions about buying WEX stock.
Is WEX's revenue growth accelerating or slowing?
WEX maintains +5.8% revenue growth, in line with its 5-year CAGR of +11.3%. TTM revenue stands at $2.7B. Growth rate remains consistent with historical average.
What is WEX's long-term revenue growth rate?
WEX Inc.'s 5-year revenue CAGR of +11.3% reflects the sustained expansion pattern. Current YoY growth of +5.8% is near this long-term average.
How is WEX's revenue distributed by segment?
WEX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.