Nov (NOV) Tax Rate (2009 - 2026)

Nov (NOV) posted Tax Rate of 26.11% for Q2 2026, down 39.07% sequentially from 42.86% in Q1 2026, and up 2525.0% YoY from 0.99% in Q2 2025.

Nov (NOV) Tax Rate (2009 - 2026) Analysis & Trends

Nov has reported Tax Rate for 18 years, with the latest figure at 26.11% in Q2 2026.

Quarterly Tax Rate rose 2525.0% year-over-year to 26.11% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 70.09% (up 4874.0% YoY) and the FY2025 annual result came in at 59.73%, up 3615.0% from the prior year.
Tax Rate slipped to 26.11% in Q2 2026 per NOV's latest filing, from 42.86% in the prior quarter.
Over five years, Tax Rate peaked at 222.73% in Q4 2025 and troughed at 340.74% in Q4 2023.
A 5-year average of 11.9% and a median of 25.7% in 2026 frame the typical range for Tax Rate.
The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 37195 bps in 2023, then jumped 35984 bps in 2024.
Over 5 years, Tax Rate stood at 31.21% in 2022, then plunged by 1192 bps to 340.74% in 2023, then jumped by 106 bps to 19.1% in 2024, then jumped by 1066 bps to 222.73% in 2025, then slumped by 88 bps to 26.11% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 26.11%, 42.86%, and 222.73% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Slb	80.33 Bn	76.25 Bn	4.63 Bn	20.02%
2	Baker Hughes	61.93 Bn	46.20 Bn	1.58 Bn	23.54%
3	Tenaris	53.10 Bn	44.08 Bn	984.66	-14.27%
4	TechnipFMC	30.78 Bn	29.54 Bn	1.40 Bn	23.78%
5	Halliburton	29.58 Bn	27.53 Bn	2.10 Bn	18.98%
6	Nov	7.35 Bn	6.19 Bn	521.00 Mn	26.11%
7	Weatherford International	6.52 Bn	5.39 Bn	662.00 Mn	44.00%
8	Kodiak Gas Services	5.83 Bn	5.69 Bn	246.76 Mn	28.81%
9	Archrock	5.52 Bn	5.52 Bn	244.51 Mn	27.77%
10	Oceaneering International	5.28 Bn	4.65 Bn	156.98 Mn	26.14%

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