Illinois Tool Works (ITW) Change in Taxes (2009 - 2026)

Illinois Tool Works' Change in Taxes history runs 18 years deep, the most recent figure standing at -$6.0 million for Q1 2026.

• In Q1 2026, Change in Taxes fell 108.33% year-over-year to -$6.0 million; the TTM figure through Mar 2026 stood at -$213.0 million (down 287.27% YoY), while the FY2025 annual figure was -$135.0 million, down 92.86% from the prior year.
• Change in Taxes was -$6.0 million for Q1 2026 at Illinois Tool Works, down from $21.0 million in the prior quarter.
• In the past five years, Change in Taxes ranged from a high of $134.0 million in Q1 2022 to a low of -$266.0 million in Q2 2025.
• Historically, Change in Taxes has averaged -$18.7 million across 5 years, with a median of $24.0 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Change in Taxes tumbled 186.67% in 2022, then soared 1100.0% in 2024.
• A 5-year view of Change in Taxes shows it stood at $67.0 million in 2022, then increased by 1.49% to $68.0 million in 2023, then sank by 64.71% to $24.0 million in 2024, then decreased by 12.5% to $21.0 million in 2025, then tumbled by 128.57% to -$6.0 million in 2026.
• The last three Change in Taxes figures came in at -$6.0 million (Q1 2026), $21.0 million (Q4 2025), and $38.0 million (Q3 2025), per Business Quant data.