National Grid (NGG) Change in Taxes (2009 - 2025)
National Grid (NGG) posted Change in Taxes of -$16.2 million for Q3 2025, up 93.19% on a QoQ basis from -$237.8 million in Q2 2025, and up 84.02% year-over-year from -$8.8 million in Q3 2024.
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Analysis
National Grid (NGG) Change in Taxes (2009 - 2025) Analysis & Trends
National Grid has reported Change in Taxes for 10 years, with the latest figure at -$16.2 million in Q3 2025.
- On a quarterly basis, Change in Taxes rose 84.02% year-over-year to -$16.2 million in Q3 2025; TTM through Sep 2025 was -$923.5 million, a 3.03% decrease from a year earlier, with the FY2026 full-year figure at -$43.1 million, up 81.28% from the prior year.
- Change in Taxes was -$16.2 million for Q3 2025 at National Grid, up from -$237.8 million in the prior quarter.
- The five-year high for Change in Taxes was -$16.2 million in Q3 2025, with the low at -$439.0 million in Q4 2024.
- Average Change in Taxes over 4 years is -$227.9 million, with a median of -$234.2 million recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Change in Taxes sank 297.38% in 2024, then soared 84.02% in 2025.
- Over 4 years, Change in Taxes stood at -$349.5 million in 2022, then surged by 68.4% to -$110.5 million in 2023, then tumbled by 297.38% to -$439.0 million in 2024, then jumped by 96.31% to -$16.2 million in 2025.
- The last three Change in Taxes figures came in at -$16.2 million (Q3 2025), -$237.8 million (Q2 2025), and -$230.5 million (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 306.41 Bn | 306.41 Bn | 890.00 Mn | - |
| 2 | National Grid | 79.91 Bn | 76.14 Bn | - | - |
| 3 | Dominion Energy | 54.94 Bn | 58.84 Bn | 3.50 Bn | - |
| 4 | Xcel Energy | 44.99 Bn | 42.98 Bn | 3.12 Bn | - |
| 5 | Wec Energy | 33.53 Bn | 33.88 Bn | 1.45 Bn | - |
| 6 | Ameren | 28.13 Bn | 28.25 Bn | - | 48.00 Mn |
| 7 | Fortis | 27.32 Bn | 28.61 Bn | 1.60 Bn | - |
| 8 | American Water Works Company | 26.60 Bn | 26.40 Bn | 874.00 Mn | -9.00 Mn |
| 9 | Atmos Energy | 26.60 Bn | 26.07 Bn | - | - |
| 10 | Firstenergy | 25.89 Bn | 27.19 Bn | 2.51 Bn | 157.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -16.19 Mn |
| May 15, 2025 | -237.83 Mn |
| Mar 31, 2025 | -230.49 Mn |
| Dec 31, 2024 | -438.96 Mn |
| Sep 30, 2024 | -101.35 Mn |
| May 23, 2024 | -431.44 Mn |
| Dec 31, 2023 | -110.46 Mn |
| Sep 30, 2023 | -253.05 Mn |
| May 18, 2023 | -109.55 Mn |
| Dec 31, 2022 | -349.53 Mn |
| Sep 30, 2016 | -225.60 Mn |
| Sep 30, 2015 | -207.94 Mn |
| Sep 30, 2014 | -159.30 Mn |
| Sep 30, 2013 | -286.99 Mn |
| Sep 30, 2012 | -196.09 Mn |
| Sep 30, 2009 | -208.85 Mn |
API Access
National Grid Change in Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-taxes&ticker=NGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-taxes", "ticker": "NGG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-taxes&ticker=NGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();