A nozzle for a liquid-cooled plasma torch, comprising a nozzle bore for the exit of a plasma gas jet at a nozzle tip, a first portion, the outer surface of which is substantially cylindrical, and a second portion adjacent thereto towards the nozzle tip, the outer surface of which tapers substantially conically towards the nozzle tip, wherein at least one liquid supply groove and/or at least one liquid return groove is/are provided and extend over the second portion in the outer surface of the nozzle (4) towards the nozzle tip, and wherein the liquid supply groove or at least one of the liquid supply grooves and/or a liquid return groove or at least one of the liquid return grooves also extends/extend over part of the first portion, and there is in the first portion at least one groove which communicates with the liquid supply groove or at least one of the liquid supply grooves or with the liquid return groove or at least one of the liquid return grooves.