KPIs & Operating Metrics(New)
Growth Metrics

Wex (WEX) Tax Rate (2016 - 2026)

Wex has reported Tax Rate over the past 18 years, most recently at 28.39% for Q1 2026.

  • Quarterly Tax Rate fell 40.0% to 28.39% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 27.55% through Mar 2026, up 121.0% year-over-year, with the annual reading at 27.63% for FY2025, 173.0% up 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.
  • The 5-year median for Tax Rate is 27.43% (2024), against an average of 27.04%.
  • Biggest five-year swings in Tax Rate: skyrocketed 6041bps in 2023 and later crashed -3149bps in 2024.
  • Tracing WEX's Tax Rate over 5 years: stood at 28.78% in 2022, then decreased by -25bps to 21.68% in 2023, then decreased by -5bps to 20.6% in 2024, then grew by 14bps to 23.45% in 2025, then grew by 21bps to 28.39% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods came in at 28.39%, 23.45%, and 31.1% for Q1 2026, Q4 2025, and Q3 2025 respectively.