Wex (WEX) Change in Taxes (2009 - 2023)
Wex's (WEX) quarterly Change in Taxes came in at $22.7 million in Q4 2023, up 1131.82% on a YoY basis from $1.8 million in Q4 2022, and up 240.12% quarter-over-quarter from -$16.2 million in Q3 2023.
Analysis
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.
- For the quarter ending Q4 2023, Change in Taxes rose 1131.82% year-over-year to $22.7 million; the trailing twelve-month figure through Dec 2023 stood at -$8.2 million (down 195.35% YoY), and the FY2025 full-year result was $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.
- Across five years, Change in Taxes topped out at $30.7 million in Q1 2023 and bottomed at -$45.4 million in Q2 2023.
- Historically, Change in Taxes has averaged $365850.0 across 5 years, with a median of -$405500.0 in 2019.
- The sharpest annual moves came in 2021 and 2023: Change in Taxes plunged 2782.16% in 2021, then jumped 1131.82% in 2023.
- Over 5 years, Change in Taxes stood at $2.8 million in 2019, then sank by 412.78% to -$8.6 million in 2020, then surged by 291.12% to $16.5 million in 2021, then slumped by 113.36% to -$2.2 million in 2022, then surged 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 47.96 Bn | 41.53 Bn | 3.17 Bn | - |
| 2 | PayPal Holdings | 46.69 Bn | 35.44 Bn | - | - |
| 3 | Fiserv | 26.99 Bn | 26.36 Bn | 3.59 Bn | - |
| 4 | Corpay | 26.69 Bn | 19.68 Bn | 1.19 Bn | - |
| 5 | Global Payments | 24.17 Bn | 18.76 Bn | 2.03 Bn | -140.50 Mn |
| 6 | Wex | 6.49 Bn | 384.52 Mn | 463.80 Mn | - |
| 7 | Aci Worldwide | 5.27 Bn | 5.10 Bn | 181.57 Mn | - |
| 8 | Paymentus Holdings | 4.46 Bn | 4.08 Bn | 94.31 Mn | - |
| 9 | dLocal | 4.35 Bn | 3.47 Bn | 127.15 Mn | -16.05 Mn |
| 10 | Sezzle | 4.00 Bn | 3.91 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 22.70 Mn |
| Sep 30, 2023 | -16.20 Mn |
| Jun 30, 2023 | -45.40 Mn |
| Mar 31, 2023 | 30.70 Mn |
| Dec 31, 2022 | -2.20 Mn |
| Sep 30, 2022 | 4.00 Mn |
| Jun 30, 2022 | -18.00 Mn |
| Mar 31, 2022 | 24.80 Mn |
| Dec 31, 2021 | 16.46 Mn |
| Sep 30, 2021 | 687,000.00 |
| Jun 30, 2021 | -9.17 Mn |
| Mar 31, 2021 | -3.88 Mn |
| Dec 31, 2020 | -8.61 Mn |
| Sep 30, 2020 | 17.53 Mn |
| Jun 30, 2020 | 342,000.00 |
| Mar 31, 2020 | 5.82 Mn |
| Dec 31, 2019 | 2.75 Mn |
| Sep 30, 2019 | -6.07 Mn |
| Jun 30, 2019 | -7.80 Mn |
| Mar 31, 2019 | -1.15 Mn |