Fortis (FTPSF) Deferred Taxes (2015 - 2026)

Fortis (FTPSF) reported Deferred Taxes of $22.6 million for Q1 2026, down 50.85% on a YoY basis from $46.0 million in Q1 2025, and up 176.89% quarter-over-quarter from -$29.4 million in Q4 2025.

Fortis (FTPSF) Deferred Taxes (2015 - 2026) Analysis & Trends

Fortis has reported Deferred Taxes for 12 years, with the latest figure at $22.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Deferred Taxes fell 50.85% year-over-year to $22.6 million; the trailing twelve-month figure through Mar 2026 stood at $81.1 million (down 40.84% YoY), and the FY2025 full-year result was $3.8 billion, up 3342.3% from the prior year.
  • Deferred Taxes for Q1 2026 stood at $22.6 million, up from -$29.4 million in the prior quarter.
  • The five-year high for Deferred Taxes was $3.7 billion in Q3 2025, with the low at -$29.4 million in Q4 2025.
  • Historically, Deferred Taxes has averaged $251.9 million across 5 years, with a median of $22.9 million in 2023.
  • The largest YoY upside for Deferred Taxes was 4462.38% in 2025 against a maximum downside of 356.34% in 2025.
  • Fortis' Deferred Taxes stood at $5.9 million in 2022, then jumped by 1121.4% to $72.0 million in 2023, then slumped by 108.95% to -$6.4 million in 2024, then plunged by 356.34% to -$29.4 million in 2025, then soared by 176.89% to $22.6 million in 2026.
  • The last three Deferred Taxes figures came in at $22.6 million (Q1 2026), -$29.4 million (Q4 2025), and $3.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Fortis 664.76 Bn 664.50 Bn 1.70 Bn 22.61 Mn
2 Dominion Energy 60.27 Bn 64.46 Bn 4.03 Bn 284.00 Mn
3 Xcel Energy 48.32 Bn 46.42 Bn 3.35 Bn -5.00 Mn
4 Wec Energy 36.56 Bn 36.93 Bn 2.83 Bn 27.80 Mn
5 Ameren 30.01 Bn 30.12 Bn 1.69 Bn 56.00 Mn
6 Korea Electric Power 28.97 Bn 14.20 Bn 11.57 Bn -
7 Edison International 27.64 Bn 27.48 Bn 3.85 Bn 610.00 Mn
8 Firstenergy 26.85 Bn 28.22 Bn 2.74 Bn 139.00 Mn
9 Cms Energy 22.51 Bn 22.92 Bn 2.28 Bn 82.00 Mn
10 Fortis - - 1.70 Bn 22.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 22.61 Mn
Dec 31, 2025 -29.40 Mn
Sep 30, 2025 3.75 Bn
Jun 30, 2025 41.86 Mn
Mar 31, 2025 46.00 Mn
Dec 31, 2024 -6.44 Mn
Sep 30, 2024 82.10 Mn
Jun 30, 2024 15.35 Mn
Mar 31, 2024 22.26 Mn
Dec 31, 2023 71.98 Mn
Sep 30, 2023 88.77 Mn
Jun 30, 2023 17.87 Mn
Mar 31, 2023 22.93 Mn
Dec 31, 2022 5.89 Mn
Sep 30, 2022 91.24 Mn
Jun 30, 2022 25.10 Mn
Mar 31, 2022 18.16 Mn
Dec 31, 2021 -21.42 Mn
Sep 30, 2021 86.59 Mn
Jun 30, 2021 15.46 Mn