Tax
Income Tax
WEC Energy Group Income Tax increased by 1461.8% to $53.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 12.5%, from $60.70M to $53.10M. Over 4 years (FY 2021 to FY 2025), Income Tax shows a downward trend with a -12.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
income_tax_expenseHistorical Data
20 periods
| 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 | $54.10M | $50.80M | $20.50M | $127.10M | $63.40M | $73.40M | $59.00M | $74.10M | $48.50M | $60.40M | $21.60M | $87.70M | $41.60M | $31.60M | $61.10M | $60.70M | $19.50M | $34.40M | $3.40M | $53.10M |
| QoQ Change | — | -6.1% | -59.6% | +520.0% | -50.1% | +15.8% | -19.6% | +25.6% | -34.5% | +24.5% | -64.2% | +306.0% | -52.6% | -24.0% | +93.4% | -0.7% | -67.9% | +76.4% | -90.1% | >999% |
| YoY Change | — | — | — | — | +17.2% | +44.5% | +187.8% | -41.7% | -23.5% | -17.7% | -63.4% | +18.4% | -14.2% | -47.7% | +182.9% | -30.8% | -53.1% | +8.9% | -94.4% | -12.5% |
Range$3.40M – $127.10M
CAGR-0.4%
Avg YoY Growth+3.8%
Median YoY Growth-16.0%
Product Breakdown
| Segment | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Utility operations | $76.20M | $160.00M | $44.90M | $43.00M | $166.00M | $45.40M | $39.30M | $161.00M |
| Total | $60.40M | $87.70M | $41.60M | $31.60M | $60.70M | $19.50M | $34.40M | $53.10M |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Corporate and Other | $6.40M | -$5.60M | -$21.50M | -$81.60M | $1.60M | $6.60M | -$27.60M | -$90.10M |
| Non-Utility Energy Infrastructure | -$20.20M | -$16.00M | -$22.80M | -$35.60M | -$38.90M | -$24.20M | -$24.20M | -$31.50M |
| Total | $41.60M | $31.60M | $61.10M | $60.70M | $19.50M | $34.40M | $3.40M | $53.10M |
Income Tax at Other Companies
Frequently Asked Questions
- What is WEC Energy Group's income tax?
- WEC Energy Group (WEC) reported income tax of $53.10M in Q1 2026.
- How has WEC Energy Group's income tax changed year-over-year?
- WEC Energy Group's income tax decreased by 12.5% year-over-year, from $60.70M to $53.10M.
- What is the long-term trend for WEC Energy Group's income tax?
- Over 4 years (2021 to 2025), WEC Energy Group's income tax has grown at a -12.4% compound annual growth rate (CAGR), from $200.30M to $118.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.