Wex (WEX) Tax Provisions (2009 - 2026)

Wex (WEX) reported Tax Provisions of $30.8 million for Q1 2026, up 6.57% on a YoY basis from $28.9 million in Q1 2025, and up 19.38% quarter-over-quarter from $25.8 million in Q4 2025.

Wex (WEX) Tax Provisions (2009 - 2026) Analysis & Trends

Wex has reported Tax Provisions for 18 years, with the latest figure at $30.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Tax Provisions rose 6.57% year-over-year to $30.8 million; the trailing twelve-month figure through Mar 2026 stood at $118.0 million (up 4.61% YoY), and the FY2025 full-year result was $116.1 million, up 7.3% from the prior year.
  • Tax Provisions for Q1 2026 stood at $30.8 million, up from $25.8 million in the prior quarter.
  • The five-year high for Tax Provisions was $42.0 million in Q1 2022, with the low at $800000.0 in Q3 2022.
  • Historically, Tax Provisions has averaged $26.5 million across 5 years, with a median of $26.0 million in 2023.
  • Annual changes were most pronounced in 2022 — Tax Provisions tumbled 95.86% — and 2023, when it surged 3150.0%.
  • Wex's Tax Provisions stood at $35.8 million in 2022, then plunged by 34.36% to $23.5 million in 2023, then dropped by 29.36% to $16.6 million in 2024, then jumped by 55.42% to $25.8 million in 2025, then advanced by 19.38% to $30.8 million in 2026.
  • The last three Tax Provisions figures came in at $30.8 million (Q1 2026), $25.8 million (Q4 2025), and $36.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Microsoft 2,903.35 Bn 2,825.07 Bn 56.06 Bn 7.56 Bn
2 Alarum Technologies 1,127.45 Bn 1,113.30 Bn 7.23 Mn 184,000.00
3 Oracle 528.84 Bn 490.27 Bn 15.14 Bn 695.00 Mn
4 Palantir Technologies 306.36 Bn 298.44 Bn 1.42 Bn 12.20 Mn
5 Palo Alto Networks 194.33 Bn 189.79 Bn 1.91 Bn 117.00 Mn
6 CrowdStrike Holdings 171.19 Bn 168.13 Bn 993.68 Mn -3.60 Mn
7 Fortinet 108.13 Bn 104.84 Bn 1.49 Bn 122.00 Mn
8 Synopsys 86.21 Bn 86.09 Bn 1.77 Bn 14.34 Mn
9 Cloudflare 80.35 Bn 79.41 Bn 455.60 Mn 1.50 Mn
10 Wex 4.66 Bn -744.15 Mn 393.70 Mn 30.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 30.80 Mn
Dec 31, 2025 25.80 Mn
Sep 30, 2025 36.20 Mn
Jun 30, 2025 25.20 Mn
Mar 31, 2025 28.90 Mn
Dec 31, 2024 16.60 Mn
Sep 30, 2024 38.20 Mn
Jun 30, 2024 29.10 Mn
Mar 31, 2024 24.20 Mn
Dec 31, 2023 23.50 Mn
Sep 30, 2023 26.00 Mn
Jun 30, 2023 22.50 Mn
Mar 31, 2023 30.20 Mn
Dec 31, 2022 35.80 Mn
Sep 30, 2022 800,000.00
Jun 30, 2022 14.50 Mn
Mar 31, 2022 42.00 Mn
Dec 31, 2021 50.88 Mn
Sep 30, 2021 19.34 Mn
Jun 30, 2021 -746,000.00