Carrier Global (CARR) Tax Rate (2019 - 2026)
Carrier Global (CARR) reported Tax Rate of 24.97% for Q2 2026, up 5.01 percentage points from 19.95% a year earlier and up 81.44 percentage points from the prior quarter.
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Analysis
Carrier Global (CARR) Tax Rate (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Carrier Global's Tax Rate came in at 3.84%, down 37.54 percentage points year-over-year; for FY2025, it was 13.35%, down 33.35 percentage points from FY2024.
- Tax Rate has a five-year change of -16.39 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 46.70% in FY2024 (+20.64 pp), 26.06% in FY2023 (+9.95 pp), 16.11% in FY2022 (-13.01 pp) and 29.13% in FY2021 (-0.61 pp).
- The Q2 2026 figure ranks as the highest quarterly Tax Rate since Q4 2024.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of -95.40 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2024 (a gain of 90.84 percentage points); the low point was Q4 2025 (a drop of 744.33 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -56.47% (Q1 2026), -640.00% (Q4 2025) and -0.23% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 90.06 Bn | 87.82 Bn | 2.47 Bn | 17.99% |
| 3 | Comfort Systems Usa | 58.26 Bn | 53.51 Bn | 844.23 Mn | 22.01% |
| 4 | Carrier Global | 45.22 Bn | 39.85 Bn | 1.94 Bn | 24.97% |
| 5 | Otis Worldwide | 24.48 Bn | 21.09 Bn | 1.14 Bn | 17.92% |
| 6 | James Hardie Industries | 14.69 Bn | 13.43 Bn | 548.70 Mn | 33.69% |
| 7 | Masco | 13.29 Bn | 11.40 Bn | 868.00 Mn | 24.32% |
| 8 | Allegion | 13.08 Bn | 11.79 Bn | 517.50 Mn | 19.00% |
| 9 | Carlisle Companies | 12.82 Bn | 9.17 Bn | 568.40 Mn | 22.77% |
| 10 | Lennox International | 12.27 Bn | 12.07 Bn | 539.50 Mn | 20.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.97% |
| Jun 30, 2025 | 19.95% |
| Mar 31, 2025 | 20.26% |
| Dec 31, 2024 | 104.33% |
| Sep 30, 2024 | 22.34% |
| Jun 30, 2024 | 21.16% |
| Mar 31, 2024 | 19.26% |
| Dec 31, 2023 | 13.49% |
| Sep 30, 2023 | 37.58% |
| Jun 30, 2023 | 44.79% |
| Mar 31, 2023 | 23.97% |
| Sep 30, 2022 | 9.39% |
| Jun 30, 2022 | 22.46% |
| Mar 31, 2022 | 17.83% |
| Dec 31, 2021 | 18.02% |
| Sep 30, 2021 | 37.50% |
| Jun 30, 2021 | 32.01% |
| Mar 31, 2021 | 20.97% |
| Dec 31, 2020 | 24.57% |
| Sep 30, 2020 | 25.87% |
API Access
Carrier Global Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CARR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();