Wex (WEX) Change in Taxes (2009 - 2023)

Wex (WEX) posted quarterly Change in Taxes of $22.7 million for Q4 2023, up 1131.82% year-on-year from $1.8 million in Q4 2022, and up 240.12% on a QoQ basis from -$16.2 million in Q3 2023.

Wex (WEX) Change in Taxes (2009 - 2023) Analysis & Trends

Wex (WEX) has reported Change in Taxes for 15 consecutive years, with $22.7 million the latest figure, recorded in Q4 2023.

  • Quarterly Change in Taxes rose 1131.82% year-over-year to $22.7 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was -$8.2 million (down 195.35% YoY) and the FY2025 annual result came in at $30.0 million, up 195.85% from the prior year.
  • Change in Taxes grew to $22.7 million in Q4 2023 per WEX's latest filing, from -$16.2 million in the prior quarter.
  • Over the last five years, Change in Taxes for WEX reached as high as $30.7 million in Q1 2023 and fell as low as -$45.4 million in Q2 2023.
  • A 5-year average of $365850.0 and a median of -$405500.0 in 2019 frame the typical range for Change in Taxes.
  • Annual changes were most pronounced in 2021 — Change in Taxes slumped 2782.16% — and 2023, when it jumped 1131.82%.
  • Year by year, Change in Taxes stood at $2.8 million in 2019, then plunged by 412.78% to -$8.6 million in 2020, then soared by 291.12% to $16.5 million in 2021, then sank by 113.36% to -$2.2 million in 2022, then soared by 1131.82% to $22.7 million in 2023.
  • According to Business Quant data, Change in Taxes over the past three periods registered $22.7 million, -$16.2 million, and -$45.4 million for Q4 2023, Q3 2023, and Q2 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Microsoft 2,899.00 Bn 2,774.56 Bn 56.06 Bn 2.30 Bn
2 PagSeguro Digital 2,665.77 Bn 2,665.77 Bn 358.92 Mn -
3 Repay Holdings 345.18 Bn 345.04 Bn - -
4 Oracle 341.28 Bn 309.39 Bn - 1.40 Bn
5 Palantir Technologies 297.37 Bn 289.35 Bn 1.42 Bn -
6 Palo Alto Networks 221.30 Bn 216.77 Bn 1.91 Bn -
7 CrowdStrike Holdings 181.55 Bn 178.45 Bn 993.68 Mn -
8 Fortinet 108.85 Bn 105.56 Bn 1.49 Bn -
9 Cloudflare 94.95 Bn 94.00 Bn 455.60 Mn -
10 Wex 6.42 Bn 322.24 Mn 463.80 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2023 22.70 Mn
Dec 31, 2023 22.70 Mn
Sep 30, 2023 -16.20 Mn
Sep 30, 2023 -16.20 Mn
Jun 30, 2023 -45.40 Mn
Jun 30, 2023 -45.40 Mn
Mar 31, 2023 30.70 Mn
Mar 31, 2023 30.70 Mn
Dec 31, 2022 -2.20 Mn
Dec 31, 2022 -2.20 Mn
Sep 30, 2022 4.00 Mn
Sep 30, 2022 4.00 Mn
Jun 30, 2022 -18.00 Mn
Jun 30, 2022 -18.00 Mn
Mar 31, 2022 24.80 Mn
Mar 31, 2022 24.80 Mn
Dec 31, 2021 16.46 Mn
Dec 31, 2021 16.46 Mn
Sep 30, 2021 687,000.00
Sep 30, 2021 687,000.00