Fortis (FTS) Deferred Taxes (2015 - 2026)
Fortis (FTS) posted Deferred Taxes of $22.6 million for Q1 2026, up 176.89% on a QoQ basis from -$29.4 million in Q4 2025, and down 50.85% year-over-year from $46.0 million in Q1 2025.
Fortis (FTS) Deferred Taxes (2015 - 2026) Analysis & Trends
Fortis' Deferred Taxes history runs 12 years deep, the most recent figure standing at $22.6 million for Q1 2026.
- Quarterly Deferred Taxes fell 50.85% year-over-year to $22.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $157.9 million (up 15.22% YoY) and the FY2025 annual result came in at $180.7 million, up 63.92% from the prior year.
- Deferred Taxes was $22.6 million for Q1 2026 at Fortis, up from -$29.4 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $122.8 million in Q3 2025 and bottomed at -$29.4 million in Q4 2025.
- A 5-year average of $38.8 million and a median of $22.9 million in 2023 frame the typical range for Deferred Taxes.
- Annual changes were most pronounced in 2023 — Deferred Taxes jumped 1121.4% — and 2025, when it slumped 356.34%.
- Fortis' Deferred Taxes stood at $5.9 million in 2022, then soared by 1121.4% to $72.0 million in 2023, then plunged by 108.95% to -$6.4 million in 2024, then slumped by 356.34% to -$29.4 million in 2025, then surged by 176.89% to $22.6 million in 2026.
- Business Quant data shows FTS's Deferred Taxes at $22.6 million in Q1 2026, -$29.4 million in Q4 2025, and $122.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 22.61 Mn |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 284.00 Mn |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | -5.00 Mn |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 27.80 Mn |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 56.00 Mn |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 610.00 Mn |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 139.00 Mn |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | 28.44 Mn |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 82.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.61 Mn |
| Dec 31, 2025 | -29.40 Mn |
| Sep 30, 2025 | 122.80 Mn |
| 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 |