GE Vernova (GEV) Tax Rate (2023 - 2026)
GE Vernova's (GEV) quarterly Tax Rate came in at 29.84% in Q2 2026, up 612.0% YoY from 4.19% in Q2 2025, and up 330.12% on a QoQ basis from 6.94% in Q1 2026.
GE Vernova (GEV) Tax Rate (2023 - 2026) Analysis & Trends
GE Vernova (GEV) has 4 years of Tax Rate data on file, last reported at 29.84% in Q2 2026.
- Quarterly Tax Rate rose 612.0% year-over-year to 29.84% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.84% (down 6286.0% YoY) and the FY2025 annual result came in at 72.52%, down 11011.0% from the prior year.
- Tax Rate advanced to 29.84% in Q2 2026, from 6.94% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 56.51% in Q4 2024 to a low of 1056.25% in Q3 2023.
- A 4-year average of 101.11% and a median of 20.29% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate soared 107510 bps — and 2025, when it sank 28864 bps.
- Tracing GEV's Tax Rate over 4 years: stood at 37.2% in 2023, then surged by 52 bps to 56.51% in 2024, then sank by 511 bps to 232.13% in 2025, then soared by 113 bps to 29.84% in 2026.
- The last three Tax Rate figures came in at 29.84% (Q2 2026), 6.94% (Q1 2026), and 232.13% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 29.84% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 28.06% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 19.21% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 21.62% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 25.14% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 24.54% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 17.36% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 13.19% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 21.13% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 17.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.84% |
| Jun 30, 2026 | 29.84% |
| Jun 30, 2026 | 29.84% |
| Mar 31, 2026 | 6.94% |
| Mar 31, 2026 | 6.94% |
| Mar 31, 2026 | 6.94% |
| Dec 31, 2025 | -232.13% |
| Dec 31, 2025 | -232.13% |
| Dec 31, 2025 | -232.13% |
| Sep 30, 2025 | 39.28% |
| Sep 30, 2025 | 39.28% |
| Sep 30, 2025 | 39.28% |
| Jun 30, 2025 | 23.72% |
| Jun 30, 2025 | 23.72% |
| Jun 30, 2025 | 23.72% |
| Mar 31, 2025 | 20.48% |
| Mar 31, 2025 | 20.48% |
| Mar 31, 2025 | 20.48% |
| Dec 31, 2024 | 56.51% |
| Dec 31, 2024 | 56.51% |