Wex (WEX) Tax Rate (2009 - 2026)
Wex's Tax Rate came in at 27.84% for Q2 2026, up 0.86 percentage points from 26.98% a year earlier but down 0.55 percentage points from the prior quarter.
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Analysis
Wex (WEX) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Wex reported Tax Rate of 27.75%, up 1.54 percentage points year-over-year; for FY2025, it was 27.63%, up 1.73 percentage points from FY2024.
- Tax Rate carries a five-year change of +20.79 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 25.90% in FY2024 (-1.81 pp), 27.71% in FY2023 (-8.03 pp), 35.74% in FY2022 (+2.49 pp) and 33.25% in FY2021 (+26.41 pp).
- The five-year range for quarterly Tax Rate is -1.85% (Q3 2022) to 58.56% (Q3 2023).
- Year-over-year, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of -2.97 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q3 2021 (a gain of 86.97 percentage points), and the weakest in Q3 2024 (a drop of 31.49 percentage points).
- Business Quant data shows WEX's Tax Rate at 28.39% (Q1 2026), 23.45% (Q4 2025) and 31.10% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 15.73% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 71.11% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 26.96% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 20.13% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 30.70% |
| 10 | Wex | 6.07 Bn | -15.62 Bn | 463.80 Mn | 27.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.84% |
| Mar 31, 2026 | 28.39% |
| Dec 31, 2025 | 23.45% |
| Sep 30, 2025 | 31.10% |
| Jun 30, 2025 | 26.98% |
| Mar 31, 2025 | 28.78% |
| Dec 31, 2024 | 20.60% |
| Sep 30, 2024 | 27.07% |
| Jun 30, 2024 | 27.43% |
| Mar 31, 2024 | 26.89% |
| Dec 31, 2023 | 21.68% |
| Sep 30, 2023 | 58.56% |
| Jun 30, 2023 | 19.10% |
| Mar 31, 2023 | 30.75% |
| Dec 31, 2022 | 28.78% |
| Jun 30, 2022 | 29.84% |
| Mar 31, 2022 | 32.11% |
| Dec 31, 2021 | 50.03% |
| Sep 30, 2021 | 27.16% |
| Dec 31, 2019 | 26.92% |
API Access
Wex Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=WEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "WEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=WEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();