Illinois Tool Works (ITW) Tax Provisions (2009 - 2026)
Illinois Tool Works (ITW) reported Tax Provisions of $265 million for Q2 2026, up 9.1% from $243 million a year earlier and up 33.2% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Tax Provisions (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Illinois Tool Works' Tax Provisions came in at $926 million, up 6.1% year-over-year; for FY2025, it was $900 million, down 3.6% from FY2024.
- Tax Provisions has a five-year compound annual growth rate of 8.6% (FY2020 to FY2025).
- By year, Tax Provisions came in at $934 million in FY2024 (+7.9%), $866 million in FY2023 (+7.2%), $808 million in FY2022 (+27.8%) and $632 million in FY2021 (+6.2%).
- The Q2 2026 figure ranks as the highest quarterly Tax Provisions since Q4 2017.
- Year over year, Tax Provisions has now increased in each of the last four quarters, with an average decline of 0.6% over the last eight quarters.
- The high point for year-over-year Tax Provisions in five years was Q2 2022 (growth of 87.5%); the low point was Q1 2025 (a decline of 22.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $199 million (Q1 2026), $234 million (Q4 2025) and $228 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 968.00 Mn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 774.50 Mn |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 529.00 Mn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 291.00 Mn |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 253.00 Mn |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 261.00 Mn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 198.00 Mn |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 276.00 Mn |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 230.30 Mn |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 223.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 276.00 Mn |
| Jun 30, 2026 | 265.00 Mn |
| Mar 31, 2026 | 199.00 Mn |
| Dec 31, 2025 | 234.00 Mn |
| Sep 30, 2025 | 228.00 Mn |
| Jun 30, 2025 | 243.00 Mn |
| Mar 31, 2025 | 195.00 Mn |
| Dec 31, 2024 | 233.00 Mn |
| Sep 30, 2024 | 202.00 Mn |
| Jun 30, 2024 | 246.00 Mn |
| Mar 31, 2024 | 253.00 Mn |
| Dec 31, 2023 | 210.00 Mn |
| Sep 30, 2023 | 241.00 Mn |
| Jun 30, 2023 | 207.00 Mn |
| Mar 31, 2023 | 208.00 Mn |
| Dec 31, 2022 | 214.00 Mn |
| Sep 30, 2022 | 230.00 Mn |
| Jun 30, 2022 | 165.00 Mn |
| Mar 31, 2022 | 199.00 Mn |
| Dec 31, 2021 | 183.00 Mn |
API Access
Illinois Tool Works Tax Provisions 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-provisions&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();