Fortis (FTS) Deferred Taxes (2015 - 2026)
Fortis (FTS) posted quarterly Deferred Taxes of $24.6 million for Q2 2026, down 41.28% year-over-year from $41.9 million in Q2 2025, and up 8.73% on a QoQ basis from $22.6 million in Q1 2026.
Fortis (FTS) Deferred Taxes (2015 - 2026) Analysis & Trends
Fortis has reported Deferred Taxes for 12 years, with the latest figure at $24.6 million in Q2 2026.
- Deferred Taxes for Q2 2026 came in at $24.6 million, down 41.28% year-over-year; the trailing twelve-month figure through Jun 2026 was $140.6 million (down 14.02% YoY), and the FY2025 annual result was $180.7 million, up 63.92% from the prior year.
- Deferred Taxes grew to $24.6 million in Q2 2026, from $22.6 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $122.8 million in Q3 2025 and troughed at -$29.4 million in Q4 2025.
- A 5-year average of $38.0 million and a median of $23.8 million in 2023 frame the typical range for Deferred Taxes.
- The widest annual swing landed in 2023, when Deferred Taxes jumped 1121.4%; it then slumped 356.34% in 2025.
- A 5-year view of Deferred Taxes shows it stood at $5.9 million in 2022, then jumped 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 soared by 183.6% to $24.6 million in 2026.
- Per Business Quant data, the three most recent Deferred Taxes figures were $24.6 million in Q2 2026, $22.6 million in Q1 2026, and -$29.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.98 Bn | 75.17 Bn | - | - |
| 2 | Dominion Energy | 58.72 Bn | 57.94 Bn | 3.50 Bn | 32.00 Mn |
| 3 | Xcel Energy | 47.79 Bn | 45.78 Bn | 3.12 Bn | -23.00 Mn |
| 4 | Wec Energy | 34.70 Bn | 34.65 Bn | 1.45 Bn | 162.10 Mn |
| 5 | Ameren | 29.45 Bn | 29.44 Bn | - | 71.00 Mn |
| 6 | Fortis | 28.00 Bn | 28.00 Bn | 1.60 Bn | 24.58 Mn |
| 7 | Edison International | 27.41 Bn | 27.17 Bn | 3.29 Bn | - |
| 8 | Firstenergy | 26.62 Bn | 26.43 Bn | 2.51 Bn | 79.00 Mn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 30.36 Mn |
| 10 | Cms Energy | 21.25 Bn | 21.01 Bn | 3.65 Bn | 114.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.58 Mn |
| 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 |