nVent Electric (NVT) Tax Rate (2017 - 2026)

nVent Electric's Tax Rate history runs 10 years deep, the most recent figure standing at 20.63% for Q1 2026.

• In Q1 2026, Tax Rate fell 134.0% year-over-year to 20.63%; the TTM figure through Mar 2026 stood at 21.69% (down 2218.0% YoY), while the FY2025 annual figure was 22.09%, down 2180.0% from the prior year.
• Tax Rate was 20.63% for Q1 2026 at nVent Electric, down from 25.91% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 116.65% in Q4 2024 to a low of 170.57% in Q4 2023.
• Historically, Tax Rate has averaged 12.41% across 5 years, with a median of 18.51% in 2023.
• The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 15777 bps in 2023, then jumped 28722 bps in 2024.
• A 5-year view of Tax Rate shows it stood at 12.8% in 2022, then sank by 1233 bps to 170.57% in 2023, then surged by 168 bps to 116.65% in 2024, then plunged by 78 bps to 25.91% in 2025, then fell by 20 bps to 20.63% in 2026.
• The last three Tax Rate figures came in at 20.63% (Q1 2026), 25.91% (Q4 2025), and 17.48% (Q3 2025), per Business Quant data.