Wex (WEX) Tax Rate (2009 - 2026)

Wex has reported Tax Rate for 18 years, with the latest figure at 28.39% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate fell 40.0% year-over-year to 28.39%; the trailing twelve-month figure through Mar 2026 stood at 27.55% (up 121.0% YoY), and the FY2025 full-year result was 27.63%, up 173.0% from the prior year.
• Tax Rate for Q1 2026 stood at 28.39%, up from 23.45% in the prior quarter.
• The five-year high for Tax Rate was 58.56% in Q3 2023, with the low at 1.85% in Q3 2022.
• Historically, Tax Rate has averaged 27.04% across 5 years, with a median of 27.43% in 2024.
• Annual changes were most pronounced in 2023 — Tax Rate soared 6041 bps — and 2024, when it plunged 3149 bps.
• Wex's Tax Rate stood at 28.78% in 2022, then retreated by 25 bps to 21.68% in 2023, then retreated by 5 bps to 20.6% in 2024, then climbed by 14 bps to 23.45% in 2025, then climbed by 21 bps to 28.39% in 2026.
• The last three Tax Rate figures came in at 28.39% (Q1 2026), 23.45% (Q4 2025), and 31.1% (Q3 2025), per Business Quant data.