Phillips 66 (PSX) Change in Taxes (2011 - 2026)
Phillips 66's (PSX) quarterly Change in Taxes came in at $470.0 million in Q1 2026, up 323.42% YoY from $111.0 million in Q1 2025, and up 197.71% on a QoQ basis from -$481.0 million in Q4 2025.
Phillips 66 (PSX) Change in Taxes (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has 16 years of Change in Taxes data on file, last reported at $470.0 million in Q1 2026.
- Quarterly Change in Taxes rose 323.42% year-over-year to $470.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $589.0 million (up 148.52% YoY) and the FY2025 annual result came in at $230.0 million, up 149.57% from the prior year.
- Change in Taxes grew to $470.0 million in Q1 2026, from -$481.0 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $585.0 million in Q2 2022 to a low of -$653.0 million in Q1 2023.
- A 5-year average of $9.0 million and a median of $119.0 million in 2022 frame the typical range for Change in Taxes.
- Annual changes were most pronounced in 2023 — Change in Taxes slumped 648.74% — and 2026, when it surged 323.42%.
- Tracing PSX's Change in Taxes over 5 years: stood at -$585.0 million in 2022, then grew by 27.86% to -$422.0 million in 2023, then declined by 5.92% to -$447.0 million in 2024, then dropped by 7.61% to -$481.0 million in 2025, then surged by 197.71% to $470.0 million in 2026.
- The last three Change in Taxes figures came in at $470.0 million (Q1 2026), -$481.0 million (Q4 2025), and $57.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.31 Bn | 88.54 Bn | 9.27 Bn | - |
| 2 | Valero Energy | 95.05 Bn | 87.17 Bn | 5.47 Bn | - |
| 3 | Phillips 66 | 89.43 Bn | 85.33 Bn | 8.38 Bn | 591.00 Mn |
| 4 | HF Sinclair | 15.60 Bn | 13.34 Bn | 1.57 Bn | 136.00 Mn |
| 5 | Sunoco | 10.17 Bn | 9.40 Bn | 1.46 Bn | - |
| 6 | PBF Energy | 8.22 Bn | 7.33 Bn | 1.15 Bn | - |
| 7 | Cosan | 6.58 Bn | 1.47 Bn | 552.94 Mn | - |
| 8 | Ultrapar Holdings | 6.37 Bn | 4.65 Bn | 603.08 Mn | 1.90 Mn |
| 9 | Icahn Enterprises | 5.06 Bn | 3.08 Bn | 198.00 Mn | - |
| 10 | Delek US Holdings | 3.93 Bn | 3.30 Bn | 365.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 591.00 Mn |
| Jun 30, 2026 | 591.00 Mn |
| Mar 31, 2026 | 470.00 Mn |
| Mar 31, 2026 | 470.00 Mn |
| Dec 31, 2025 | -481.00 Mn |
| Dec 31, 2025 | -481.00 Mn |
| Sep 30, 2025 | 57.00 Mn |
| Sep 30, 2025 | 57.00 Mn |
| Jun 30, 2025 | 543.00 Mn |
| Jun 30, 2025 | 543.00 Mn |
| Mar 31, 2025 | 111.00 Mn |
| Mar 31, 2025 | 111.00 Mn |
| Dec 31, 2024 | -447.00 Mn |
| Dec 31, 2024 | -447.00 Mn |
| Sep 30, 2024 | 280.00 Mn |
| Sep 30, 2024 | 280.00 Mn |
| Jun 30, 2024 | 293.00 Mn |
| Jun 30, 2024 | 293.00 Mn |
| Mar 31, 2024 | -590.00 Mn |
| Mar 31, 2024 | -590.00 Mn |