Novanta (NOVTU) Tax Rate (2010 - 2026)

Novanta has reported Tax Rate for 17 years, with the latest figure at 19.94% in Q2 2026.

• For the quarter ending Q2 2026, Tax Rate rose 22.0% year-over-year to 19.94%; the trailing twelve-month figure through Apr 2026 stood at 22.79% (down 1544.0% YoY), and the FY2025 full-year result was 22.71%, down 1636.0% from the prior year.
• Tax Rate for Q2 2026 stood at 19.94%, up from 19.4% in the prior quarter.
• The five-year high for Tax Rate was 117.91% in Q4 2022, with the low at 7.46% in Q1 2023.
• Historically, Tax Rate has averaged 33.54% across 5 years, with a median of 19.7% in 2024.
• Annual changes were most pronounced in 2022 — Tax Rate jumped 6998 bps — and 2025, when it sank 7793 bps.
• Novanta's Tax Rate stood at 117.91% in 2022, then decreased by 3 bps to 114.07% in 2023, then slipped by 15 bps to 97.33% in 2024, then tumbled by 80 bps to 19.4% in 2025, then advanced by 3 bps to 19.94% in 2026.
• The last three Tax Rate figures came in at 19.94% (Q2 2026), 19.4% (Q4 2025), and 32.4% (Q3 2025), per Business Quant data.