Wex (WEX) Tax Rate (2009 - 2026)
Wex's (WEX) quarterly Tax Rate came in at 27.84% in Q2 2026, up 86.0% YoY from 14.97% in Q2 2025, and down 1.93% on a QoQ basis from 28.39% in Q1 2026.
Wex (WEX) Tax Rate (2009 - 2026) Analysis & Trends
Wex (WEX) has 18 years of Tax Rate data on file, last reported at 27.84% in Q2 2026.
- Quarterly Tax Rate rose 86.0% year-over-year to 27.84% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 27.75% (up 154.0% YoY) and the FY2025 annual result came in at 27.63%, up 173.0% from the prior year.
- Tax Rate eased to 27.84% in Q2 2026, from 28.39% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 58.56% in Q3 2023 to a low of 1.85% in Q3 2022.
- A 5-year average of 27.08% and a median of 27.63% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate soared 6041 bps — and 2024, when it plunged 3149 bps.
- Tracing WEX's Tax Rate over 5 years: 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 19 bps to 27.84% in 2026.
- The last three Tax Rate figures came in at 27.84% (Q2 2026), 28.39% (Q1 2026), and 23.45% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 24.84% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 1.42% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -10.34% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 71.11% |
| 10 | Wex | 6.67 Bn | 568.61 Mn | 463.80 Mn | 27.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.84% |
| Jun 30, 2026 | 27.84% |
| Jun 30, 2026 | 27.84% |
| Mar 31, 2026 | 28.39% |
| Mar 31, 2026 | 28.39% |
| Mar 31, 2026 | 28.39% |
| Dec 31, 2025 | 23.45% |
| Dec 31, 2025 | 23.45% |
| Dec 31, 2025 | 23.45% |
| Sep 30, 2025 | 31.10% |
| Sep 30, 2025 | 31.10% |
| Sep 30, 2025 | 31.10% |
| Jun 30, 2025 | 26.98% |
| Jun 30, 2025 | 26.98% |
| Jun 30, 2025 | 26.98% |
| Mar 31, 2025 | 28.78% |
| Mar 31, 2025 | 28.78% |
| Mar 31, 2025 | 28.78% |
| Dec 31, 2024 | 20.60% |
| Dec 31, 2024 | 20.60% |