Illinois Tool Works (ITW) Income Taxes Paid (2009 - 2026)
Illinois Tool Works' Income Taxes Paid came in at $363 million for Q2 2026, down 30.6% from $523 million a year earlier but up 77.1% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Income Taxes Paid (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Illinois Tool Works reported Income Taxes Paid of $958 million, down 20.5% year-over-year; for FY2025, it came in at $1.05 billion, down 10.8% from FY2024.
- Income Taxes Paid carries a five-year compound annual growth rate of 12.2% (FY2020 to FY2025).
- Going back by year, Income Taxes Paid was $1.18 billion in FY2024 (+15.0%), $1.03 billion in FY2023 (+3.3%), $993 million in FY2022 (+35.8%) and $731 million in FY2021 (+23.7%).
- The five-year range for quarterly Income Taxes Paid is $102 million (Q1 2022) to $523 million (Q2 2025).
- Year-over-year, Income Taxes Paid increased in three of the last eight quarters, with an average decline of 1.0%.
- The fastest year-over-year change in Income Taxes Paid over five years came in Q2 2022 (growth of 50.2%), and the weakest in Q3 2025 (a decline of 38.1%).
- Business Quant data shows ITW's Income Taxes Paid at $205 million (Q1 2026), $190 million (Q4 2025) and $200 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes Paid (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | - |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 645.00 Mn |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | - |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | - |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | - |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | - |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | - |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 266.00 Mn |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | - |
| 10 | Tenaris | 62.09 Bn | 33.35 Bn | 1.07 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 266.00 Mn |
| Jun 30, 2026 | 363.00 Mn |
| Mar 31, 2026 | 205.00 Mn |
| Dec 31, 2025 | 190.00 Mn |
| Sep 30, 2025 | 200.00 Mn |
| Jun 30, 2025 | 523.00 Mn |
| Mar 31, 2025 | 139.00 Mn |
| Dec 31, 2024 | 220.00 Mn |
| Sep 30, 2024 | 323.00 Mn |
| Jun 30, 2024 | 485.00 Mn |
| Mar 31, 2024 | 152.00 Mn |
| Dec 31, 2023 | 235.00 Mn |
| Sep 30, 2023 | 241.00 Mn |
| Jun 30, 2023 | 422.00 Mn |
| Mar 31, 2023 | 128.00 Mn |
| Dec 31, 2022 | 225.00 Mn |
| Sep 30, 2022 | 262.00 Mn |
| Jun 30, 2022 | 404.00 Mn |
| Mar 31, 2022 | 102.00 Mn |
| Dec 31, 2021 | 173.00 Mn |
API Access
Illinois Tool Works Income Taxes Paid 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=income-taxes-paid&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-taxes-paid", "ticker": "ITW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-taxes-paid&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();