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

nVent Electric has reported Tax Rate for 10 years, with the latest figure at 23.48% in Q2 2026.

• On a quarterly basis, Tax Rate rose 79.0% year-over-year to 23.48% in Q2 2026; TTM through Jun 2026 was 22.18%, a 2094.0% decrease from a year earlier, with the FY2025 full-year figure at 22.09%, down 2180.0% from the prior year.
• Tax Rate was 23.48% for Q2 2026 at nVent Electric, up from 20.63% in the prior quarter.
• The five-year high for Tax Rate was 116.65% in Q4 2024, with the low at 170.57% in Q4 2023.
• Average Tax Rate over 5 years is 13.02%, with a median of 19.57% recorded in 2023.
• The sharpest annual moves came in 2023 and 2024: Tax Rate sank 15777 bps in 2023, then surged 28722 bps in 2024.
• Over 5 years, Tax Rate stood at 12.8% in 2022, then plunged by 1233 bps to 170.57% in 2023, then soared by 168 bps to 116.65% in 2024, then tumbled by 78 bps to 25.91% in 2025, then retreated by 9 bps to 23.48% in 2026.
• The last three Tax Rate figures came in at 23.48% (Q2 2026), 20.63% (Q1 2026), and 25.91% (Q4 2025), per Business Quant data.