Excise Taxes on Products
Valero Energy Excise Taxes on Products decreased by 1.7% to $1.73B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.7%, from $1.50B to $1.73B. Over 4 years (FY 2021 to FY 2025), Excise Taxes on Products shows an upward trend with a 4.6% CAGR.
Analysis
How to read this metric
An increase in excise taxes typically reflects higher sales volumes of taxable products or changes in government tax rates, while a decrease may indicate lower sales volume or shifts in the product mix toward non-taxed categories.
Detailed definition
This metric represents the mandatory indirect taxes levied by governmental authorities on the sale or production of spec...
Peer comparison
Peers in the refining and fuel distribution sector report similar pass-through tax obligations, though reporting presentation varies between gross revenue deductions and separate operating expense line items.
pm_excise_taxes_on_productsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.42B | $1.61B | $1.49B | $1.42B | $1.25B | $1.21B | $1.30B | $1.42B | $1.45B | $1.47B | $1.43B | $1.39B | $1.46B | $1.54B | $1.53B | $1.50B | $1.66B | $1.83B | $1.76B | $1.73B |
| QoQ Change | — | +13.2% | -7.3% | -4.7% | -11.9% | -3.3% | +7.5% | +9.0% | +1.9% | +1.3% | -2.9% | -2.7% | +5.0% | +5.7% | -0.9% | -1.4% | +10.5% | +9.9% | -3.9% | -1.7% |
| YoY Change | — | — | — | — | -11.8% | -24.7% | -12.7% | -0.1% | +15.6% | +21.0% | +9.4% | -2.5% | +0.5% | +4.8% | +6.9% | +8.4% | +14.1% | +18.7% | +15.1% | +14.7% |
Excise Taxes on Products at Other Companies
Frequently Asked Questions
- What is Valero Energy's excise taxes on products?
- Valero Energy (VLO) reported excise taxes on products of $1.73B in Q1 2026.
- How has Valero Energy's excise taxes on products changed year-over-year?
- Valero Energy's excise taxes on products increased by 14.7% year-over-year, from $1.50B to $1.73B.
- What is the long-term trend for Valero Energy's excise taxes on products?
- Over 4 years (2021 to 2025), Valero Energy's excise taxes on products has grown at a 4.6% compound annual growth rate (CAGR), from $5.65B to $6.75B.
- What does excise taxes on products mean?
- The total amount of government-mandated excise taxes collected from customers on product sales and remitted to authorities.