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| 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 |