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| Date | Value |
|---|---|
| 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 |