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.

• On a quarterly basis, Tax Rate fell 134.0% year-over-year to 20.63% in Q1 2026; TTM through Mar 2026 was 21.69%, a 2218.0% decrease from a year earlier, with the FY2025 full-year figure at 22.09%, down 2180.0% from the prior year.
• Tax Rate slipped to 20.63% in Q1 2026 per NVT's latest filing, from 25.91% in the prior quarter.
• Across five years, Tax Rate topped out at 116.65% in Q4 2024 and bottomed at 170.57% in Q4 2023.
• The 5-year median for Tax Rate is 18.51% (2023), against an average of 12.41%.
• Across the five-year window, Tax Rate slumped 15777 bps in 2023 and soared 28722 bps in 2024, its largest moves.
• Year by year, Tax Rate stood at 12.8% in 2022, then tumbled by 1233 bps to 170.57% in 2023, then surged by 168 bps to 116.65% in 2024, then slumped by 78 bps to 25.91% in 2025, then fell by 20 bps to 20.63% in 2026.
• Per Business Quant, the three latest NVT Tax Rate figures stand at 20.63% (Q1 2026), 25.91% (Q4 2025), and 17.48% (Q3 2025).