Wex (WEX) Deferred Taxes (2009 - 2023)
Wex's (WEX) quarterly Deferred Taxes came in at -$20.9 million in Q4 2023, down 242.62% YoY from $14.7 million in Q4 2022, and down 340.23% on a QoQ basis from $8.7 million in Q3 2023.
Wex (WEX) Deferred Taxes (2009 - 2023) Analysis & Trends
Wex (WEX) has 15 years of Deferred Taxes data on file, last reported at -$20.9 million in Q4 2023.
- Quarterly Deferred Taxes fell 242.62% year-over-year to -$20.9 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was -$21.3 million (up 64.62% YoY) and the FY2025 annual result came in at $43.6 million, up 292.79% from the prior year.
- Deferred Taxes fell to -$20.9 million in Q4 2023, from $8.7 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $21.7 million in Q4 2021 to a low of -$39.1 million in Q3 2022.
- A 5-year average of -$3.9 million and a median of -$3.4 million in 2019 frame the typical range for Deferred Taxes.
- The widest YoY moves for Deferred Taxes: up 735.35% in 2022, down 662.67% in 2022.
- Tracing WEX's Deferred Taxes over 5 years: stood at $13.8 million in 2019, then tumbled by 192.79% to -$12.8 million in 2020, then soared by 269.39% to $21.7 million in 2021, then slumped by 128.07% to -$6.1 million in 2022, then sank by 242.62% to -$20.9 million in 2023.
- The last three Deferred Taxes figures came in at -$20.9 million (Q4 2023), $8.7 million (Q3 2023), and -$3.0 million (Q2 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 4.65 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | - |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -622.00 Mn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 24.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 14.60 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -6.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | -51.78 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 61.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 128.57 Mn |
| 10 | Wex | 6.67 Bn | 568.61 Mn | 463.80 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -20.90 Mn |
| Sep 30, 2023 | 8.70 Mn |
| Jun 30, 2023 | -3.00 Mn |
| Mar 31, 2023 | -6.10 Mn |
| Dec 31, 2022 | -6.10 Mn |
| Sep 30, 2022 | -39.10 Mn |
| Jun 30, 2022 | -29.20 Mn |
| Mar 31, 2022 | 14.20 Mn |
| Dec 31, 2021 | 21.73 Mn |
| Sep 30, 2021 | 6.95 Mn |
| Jun 30, 2021 | -13.54 Mn |
| Mar 31, 2021 | -2.24 Mn |
| Dec 31, 2020 | -12.83 Mn |
| Sep 30, 2020 | 15.20 Mn |
| Jun 30, 2020 | -22.88 Mn |
| Mar 31, 2020 | -8.83 Mn |
| Dec 31, 2019 | 13.83 Mn |
| Sep 30, 2019 | 6.22 Mn |
| Jun 30, 2019 | -3.78 Mn |
| Mar 31, 2019 | 3.40 Mn |