How has WEX's operating profit trended in recent quarters?

WEX's operating profit has shown a seasonal fluctuating upward trend over the recent quarters. Here's a detailed analysis:

1. **Seasonal Trend**: The operating income for WEX has experienced a seasonal pattern, with a significant increase from $99.8 million in Q4 2024 to $138 million in Q3 2024. This indicates a strong performance during the period, which is typical for the company.

|code|Ticker|Name|Date|Operating Income (FY) YoY|Operating Income (FY)|market_code|
|---|---|---|---|---|---|---|
|WEX|WEX.N|WEX|2022|67.11515631183221|4.223E8|169|
|WEX|WEX.N|WEX|2023|4.783329386691925|4.425E8|169|
|WEX|WEX.N|WEX|2024|1.7853107344632766|4.504E8|169|

2. **Growth**: The operating income has grown consistently from $99.8 million in Q4 2024 to $108.2 million in Q2 2025, and then to $138 million in Q3 2024. This suggests that the company's operational efficiency and profitability are improving over time.
3. **Stability**: Despite the seasonal fluctuations, the company has maintained a relatively stable operating income of $108.2 million in Q2 2025, which is a strong indicator of its financial health and ability to generate profits.

In conclusion, WEX's operating profit has demonstrated a seasonal but positive trend in recent quarters, with a clear upward trajectory and a strong performance in the latest quarter.