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% YoY 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 15 years of Change in Taxes data on file, last reported at $22.7 million 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 climbed to $22.7 million in Q4 2023, from -$16.2 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $30.7 million in Q1 2023 to a low of -$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 tumbled 2782.16% — and 2023, when it soared 1131.82%.
- Tracing WEX's Change in Taxes over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | -307.00 Mn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | - |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 1.40 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | - |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | - |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | - |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 17.56 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | - |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | - |
| 10 | Wex | 6.67 Bn | 568.61 Mn | 463.80 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 |