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
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