Phillips 66 (PSX) Deferred Taxes (2011 - 2026)

Phillips 66 has reported Deferred Taxes for 16 years, with the latest figure at $67.0 million in Q1 2026.

• For the quarter ending Q1 2026, Deferred Taxes rose 150.38% year-over-year to $67.0 million; the trailing twelve-month figure through Mar 2026 stood at $378.0 million (up 214.89% YoY), and the FY2025 full-year result was $178.0 million, up 170.92% from the prior year.
• Deferred Taxes for Q1 2026 stood at $67.0 million, down from $345.0 million in the prior quarter.
• The five-year high for Deferred Taxes was $856.0 million in Q3 2022, with the low at -$164.0 million in Q4 2024.
• Historically, Deferred Taxes has averaged $126.7 million across 5 years, with a median of $119.0 million in 2023.
• Annual changes were most pronounced in 2022 — Deferred Taxes jumped 866.67% — and 2024, when it slumped 221.85%.
• Phillips 66's Deferred Taxes 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.