WEX Inc. Annual Operating Margin in % from 2016 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
WEX Inc. quarterly/annual Operating Margin history and growth rate from 2016 to 2023.
  • WEX Inc. Operating Margin for the quarter ending September 30, 2024 was 25.9 %, a 0.7% increase year-over-year.
  • WEX Inc. annual Operating Margin for 2023 was 25.4 %, a 27.1% increase from 2022.
  • WEX Inc. annual Operating Margin for 2022 was 20 %, a 8.17% increase from 2021.
  • WEX Inc. annual Operating Margin for 2021 was 18.5 %.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 25.4 +5.41 +27.1% Jan 1, 2023 Dec 31, 2023
2022 20 +1.51 +8.17% Jan 1, 2022 Dec 31, 2022
2021 18.5 +24.4 Jan 1, 2021 Dec 31, 2021
2020 -5.88 -28.3 -126% Jan 1, 2020 Dec 31, 2020
2019 22.4 -3.12 -12.2% Jan 1, 2019 Dec 31, 2019
2018 25.5 +6.81 +36.4% Jan 1, 2018 Dec 31, 2018
2017 18.7 +3.04 +19.4% Jan 1, 2017 Dec 31, 2017
2016 15.7 Jan 1, 2016 Dec 31, 2016
* An asterisk sign (*) next to the value indicates that the value is likely invalid.