Wex (WEX) Tax Rate (2009 - 2026)
Wex's (WEX) quarterly Tax Rate came in at 27.84% in Q2 2026, up 86.0% on a YoY basis from 14.97% in Q2 2025, and down 1.93% quarter-over-quarter from 28.39% in Q1 2026.
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Wex (WEX) Tax Rate (2009 - 2026) Analysis & Trends
Wex (WEX) has reported Tax Rate for 18 consecutive years, with 27.84% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 86.0% year-over-year to 27.84%; the trailing twelve-month figure through Jun 2026 stood at 27.75% (up 154.0% YoY), and the FY2025 full-year result was 27.63%, up 173.0% from the prior year.
- Tax Rate retreated to 27.84% in Q2 2026 per WEX's latest filing, from 28.39% in the prior quarter.
- Across five years, Tax Rate topped out at 58.56% in Q3 2023 and bottomed at 1.85% in Q3 2022.
- Historically, Tax Rate has averaged 27.08% across 5 years, with a median of 27.63% in 2024.
- The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 6041 bps in 2023, then sank 3149 bps in 2024.
- Over 5 years, Tax Rate stood at 28.78% in 2022, then slipped by 25 bps to 21.68% in 2023, then slipped by 5 bps to 20.6% in 2024, then increased by 14 bps to 23.45% in 2025, then increased by 19 bps to 27.84% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 27.84%, 28.39%, and 23.45% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 48.06 Bn | 41.63 Bn | 3.17 Bn | 71.11% |
| 2 | PayPal Holdings | 46.73 Bn | 35.47 Bn | - | 15.73% |
| 3 | Fiserv | 27.22 Bn | 26.59 Bn | 3.59 Bn | 20.13% |
| 4 | Corpay | 26.89 Bn | 19.88 Bn | 1.19 Bn | 26.96% |
| 5 | Global Payments | 24.39 Bn | 18.98 Bn | 2.03 Bn | -4.72% |
| 6 | Wex | 6.47 Bn | 369.26 Mn | 463.80 Mn | 27.84% |
| 7 | Aci Worldwide | 5.20 Bn | 5.03 Bn | 181.57 Mn | 18.31% |
| 8 | Paymentus Holdings | 4.44 Bn | 4.06 Bn | 94.31 Mn | 28.32% |
| 9 | dLocal | 4.38 Bn | 3.51 Bn | 127.15 Mn | -15.72% |
| 10 | Sezzle | 4.04 Bn | 3.95 Bn | - | 21.17% |
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% |
| Sep 30, 2022 | -1.85% |
| Jun 30, 2022 | 29.84% |
| Mar 31, 2022 | 32.11% |
| Dec 31, 2021 | 50.03% |
| Sep 30, 2021 | 27.16% |