KPIs & Operating Metrics(New)
Growth Metrics

Wex (WEX) Tax Rate (2016 - 2026)

Wex filings provide 18 years of Tax Rate readings, the most recent being 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 hit 28.39% in Q1 2026 for Wex, up from 23.45% 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.
  • Average Tax Rate over 5 years is 27.04%, with a median of 27.43% recorded in 2024.
  • The largest annual shift saw Tax Rate skyrocketed 6041bps in 2023 before it crashed -3149bps in 2024.
  • Wex's Tax Rate 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.
  • Per Business Quant, the three most recent readings for WEX's Tax Rate are 28.39% (Q1 2026), 23.45% (Q4 2025), and 31.1% (Q3 2025).