Phillips 66 (PSX) Deferred Taxes (2011 - 2026)
Phillips 66's (PSX) quarterly Deferred Taxes came in at $67.0 million in Q1 2026, up 150.38% YoY from $26.8 million in Q1 2025, and down 80.58% on a QoQ basis from $345.0 million in Q4 2025.
Phillips 66 (PSX) Deferred Taxes (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has 16 years of Deferred Taxes data on file, last reported at $67.0 million in Q1 2026.
- Quarterly Deferred Taxes rose 150.38% year-over-year to $67.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $378.0 million (up 214.89% YoY) and the FY2025 annual result came in at $178.0 million, up 170.92% from the prior year.
- Deferred Taxes fell to $67.0 million in Q1 2026, from $345.0 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $856.0 million in Q3 2022 to a low of -$164.0 million in Q4 2024.
- A 5-year average of $126.7 million and a median of $119.0 million in 2023 frame the typical range for Deferred Taxes.
- Annual changes were most pronounced in 2022 — Deferred Taxes jumped 866.67% — and 2024, when it slumped 221.85%.
- Tracing PSX's Deferred Taxes over 5 years: stood at $174.0 million in 2022, then decreased by 4.02% to $167.0 million in 2023, then plunged by 198.2% to -$164.0 million in 2024, then soared by 310.37% to $345.0 million in 2025, then tumbled by 80.58% to $67.0 million in 2026.
- The last three Deferred Taxes figures came in at $67.0 million (Q1 2026), $345.0 million (Q4 2025), and $14.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.22 Bn | 88.45 Bn | 9.27 Bn | -46.00 Mn |
| 2 | Valero Energy | 95.00 Bn | 87.13 Bn | 5.47 Bn | 129.00 Mn |
| 3 | Phillips 66 | 89.23 Bn | 85.13 Bn | 8.38 Bn | 66.00 Mn |
| 4 | HF Sinclair | 15.53 Bn | 13.27 Bn | 1.57 Bn | 30.00 Mn |
| 5 | Sunoco | 10.08 Bn | 9.31 Bn | 1.46 Bn | -7.00 Mn |
| 6 | PBF Energy | 8.21 Bn | 7.32 Bn | 1.15 Bn | 219.00 Mn |
| 7 | Cosan | 6.58 Bn | 1.47 Bn | 552.94 Mn | - |
| 8 | Ultrapar Holdings | 6.41 Bn | 4.69 Bn | 603.08 Mn | 8.93 Mn |
| 9 | Icahn Enterprises | 5.04 Bn | 3.07 Bn | 198.00 Mn | - |
| 10 | Delek US Holdings | 3.91 Bn | 3.28 Bn | 365.10 Mn | -3.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 66.00 Mn |
| Mar 31, 2026 | 67.00 Mn |
| Dec 31, 2025 | 345.00 Mn |
| Sep 30, 2025 | 14.00 Mn |
| Jun 30, 2025 | -48.00 Mn |
| Mar 31, 2025 | -133.00 Mn |
| Dec 31, 2024 | -164.00 Mn |
| Sep 30, 2024 | 113.00 Mn |
| Jun 30, 2024 | -145.00 Mn |
| Mar 31, 2024 | -55.00 Mn |
| Dec 31, 2023 | 167.00 Mn |
| Sep 30, 2023 | 408.00 Mn |
| Jun 30, 2023 | 119.00 Mn |
| Mar 31, 2023 | 146.00 Mn |
| Dec 31, 2022 | 174.00 Mn |
| Sep 30, 2022 | 856.00 Mn |
| Jun 30, 2022 | 148.00 Mn |
| Mar 31, 2022 | 142.00 Mn |
| Dec 31, 2021 | 18.00 Mn |
| Sep 30, 2021 | -453.00 Mn |