Wex (WEX) Change in Taxes (2009 - 2023)
Wex (WEX) reported Change in Taxes of $22.7 million for 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.
Wex (WEX) Change in Taxes (2009 - 2023) Analysis & Trends
Wex has reported Change in Taxes for 15 years, with the latest figure at $22.7 million 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 for Q4 2023 stood at $22.7 million, up from -$16.2 million in the prior quarter.
- The five-year high for Change in Taxes was $30.7 million in Q1 2023, with the low 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.
- Annual changes were most pronounced in 2021 — Change in Taxes tumbled 2782.16% — and 2023, when it soared 1131.82%.
- Wex's Change in Taxes stood at $2.8 million in 2019, then tumbled by 412.78% to -$8.6 million in 2020, then soared by 291.12% to $16.5 million in 2021, then plunged by 113.36% to -$2.2 million in 2022, then soared by 1131.82% to $22.7 million in 2023.
- The last three Change in Taxes figures came in at $22.7 million (Q4 2023), -$16.2 million (Q3 2023), and -$45.4 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 2.30 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | - |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 957.00 Mn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | - |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | - |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | - |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 17.56 Mn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | - |
| 10 | Wex | 4.66 Bn | -744.15 Mn | 393.70 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |