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

Illinois Tool Works has reported Change in Taxes for 18 years, with the latest figure at -$106.0 million in Q2 2026.

• On a quarterly basis, Change in Taxes rose 60.15% year-over-year to -$106.0 million in Q2 2026; TTM through Jun 2026 was -$53.0 million, a 33.75% increase from a year earlier, with the FY2025 full-year figure at -$135.0 million, down 92.86% from the prior year.
• Change in Taxes was -$106.0 million for Q2 2026 at Illinois Tool Works, down from -$6.0 million in the prior quarter.
• The five-year high for Change in Taxes was $134.0 million in Q1 2022, with the low at -$266.0 million in Q2 2025.
• Average Change in Taxes over 5 years is -$23.6 million, with a median of $22.5 million recorded in 2024.
• The sharpest annual moves came in 2022 and 2024: Change in Taxes slumped 186.67% in 2022, then jumped 1100.0% in 2024.
• Over 5 years, Change in Taxes stood at $67.0 million in 2022, then rose by 1.49% to $68.0 million in 2023, then plunged by 64.71% to $24.0 million in 2024, then slipped by 12.5% to $21.0 million in 2025, then plunged by 604.76% to -$106.0 million in 2026.
• The last three Change in Taxes figures came in at -$106.0 million (Q2 2026), -$6.0 million (Q1 2026), and $21.0 million (Q4 2025), per Business Quant data.