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| Date | Value |
|---|---|
| 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 |