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NVR(NVR) - 2025 Q3 - Quarterly Results
NVRNVR(US:NVR)2025-10-22 21:30

Exhibit 99.1 Ef ective Tax Rate Our effective tax rate for the three and nine month periods ended September 30, 2025 was 22.8% and 24.5%, respectively, compared to 20.3% and 20.6% for the three and nine month periods ended September 30, 2024, respectively. The increase in the effective tax rate in each period is primarily attributable to a lower income tax benefit recognized for excess tax benefits from stock option exercises, which totaled 13.4millionand13.4 million and 19.7 million for the three and nine months ended ...