WEX Inc. (WEX) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
WEX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
WEX Revenue Analysis (2013–2024)
As of March 3, 2026, WEX Inc. (WEX) generated trailing twelve-month (TTM) revenue of $2.62 billion, reflecting modest growth of +4.0% year-over-year. The most recent quarter (Q3 2025) recorded $691.8 million in revenue, up 4.9% sequentially.
Looking at the longer-term picture, WEX's 5-year compound annual growth rate (CAGR) stands at +8.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.63 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows WEX's business is primarily driven by Payment Processing Revenue (46%), Account Servicing Revenue (26%), and Product and Service, Other (17%).
When compared to Technology sector peers including XYZ (+0.3% YoY), CPAY (+11.3% YoY), and AFRM (+4.3% YoY), WEX has underperformed the peer group in terms of revenue growth. Compare WEX vs XYZ →
Peer Comparison
Compare WEX's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WEXCurrent | $2.6B | +4.0% | +8.8% | 26.1% | |
| XYZ | $24.2B | +0.3% | +20.6% | 7.1% | |
| CPAY | $4.0B | +11.3% | +8.5% | 45.0% | |
| AFRM | $3.2B | +4.3% | +44.6% | -2.7% | |
| TOST | $6.2B | +24.1% | +49.5% | 5.0% | |
| KSPI | $2.52T | +53.3% | +36.9% | 50.4% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
| 2015 | $854.6M | +4.5% | $449.5M | 52.6% | $228.8M | 26.8% |
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Start ComparisonFrequently Asked Questions
Is WEX's revenue growth accelerating or slowing?
WEX revenue growth slowed to +4.0%, below the 5-year CAGR of +8.8%. TTM revenue is $2.6B. The deceleration marks a shift from historical growth rates.
What is WEX's long-term revenue growth rate?
WEX Inc.'s 5-year revenue CAGR of +8.8% reflects the variable expansion pattern. Current YoY growth of +4.0% 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 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.