Wex (WEX) Tax Rate (2009 - 2026)

Wex (WEX) has reported Tax Rate for 18 consecutive years, with 28.39% the latest figure, recorded in Q1 2026.

• Tax Rate for Q1 2026 came in at 28.39%, down 40.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.55% (up 121.0% YoY), and the FY2025 annual result was 27.63%, up 173.0% from the prior year.
• Tax Rate was 28.39% for Q1 2026 at Wex, up from 23.45% in the prior quarter.
• Over five years, Tax Rate peaked at 58.56% in Q3 2023 and troughed at 1.85% in Q3 2022.
• Average Tax Rate over 5 years is 27.04%, with a median of 27.43% recorded in 2024.
• Year-over-year, Tax Rate surged 6041 bps in 2023 and slumped 3149 bps in 2024.
• Over 5 years, Tax Rate stood at 28.78% in 2022, then dropped by 25 bps to 21.68% in 2023, then dropped by 5 bps to 20.6% in 2024, then rose by 14 bps to 23.45% in 2025, then rose by 21 bps to 28.39% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 28.39% in Q1 2026, 23.45% in Q4 2025, and 31.1% in Q3 2025.