GE Vernova (GEV) Tax Rate (2023 - 2026)
GE Vernova (GEV) posted Tax Rate of 29.84% for Q2 2026, up 330.12% on a QoQ basis from 6.94% in Q1 2026, and up 612.0% year-over-year from 4.19% in Q2 2025.
GE Vernova (GEV) Tax Rate (2023 - 2026) Analysis & Trends
GE Vernova's Tax Rate history runs 4 years deep, the most recent figure standing at 29.84% for 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 was 29.84% for Q2 2026 at GE Vernova, up from 6.94% in the prior quarter.
- Across five years, Tax Rate topped out at 56.51% in Q4 2024 and bottomed at 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 plunged 28864 bps.
- GE Vernova's Tax Rate stood at 37.2% in 2023, then jumped by 52 bps to 56.51% in 2024, then tumbled by 511 bps to 232.13% in 2025, then surged by 113 bps to 29.84% in 2026.
- Business Quant data shows GEV's Tax Rate at 29.84% in Q2 2026, 6.94% in Q1 2026, and 232.13% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 29.84 |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 21.68 |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 19.21 |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 27.19 |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 22.07 |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 20.58 |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 18.99 |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 20.23 |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 15.70 |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | 22.54 |
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 |