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Illinois Tool Works (ITW) Tax Rate (2016 - 2025)

Illinois Tool Works has reported Tax Rate over the past 17 years, most recently at 22.85% for Q4 2025.

  • Quarterly results put Tax Rate at 22.85% for Q4 2025, down 85.0% from a year ago — trailing twelve months through Dec 2025 was 22.69% (up 157.0% YoY), and the annual figure for FY2025 was 22.69%, up 157.0%.
  • Tax Rate for Q4 2025 was 22.85% at Illinois Tool Works, up from 21.73% in the prior quarter.
  • Over the last five years, Tax Rate for ITW hit a ceiling of 24.48% in Q2 2024 and a floor of 10.2% in Q2 2021.
  • Median Tax Rate over the past 5 years was 22.61% (2023), compared with a mean of 21.44%.
  • Biggest five-year swings in Tax Rate: tumbled -1123bps in 2021 and later surged 808bps in 2022.
  • Illinois Tool Works' Tax Rate stood at 23.11% in 2021, then decreased by -17bps to 19.09% in 2022, then increased by 19bps to 22.65% in 2023, then grew by 5bps to 23.7% in 2024, then dropped by -4bps to 22.85% in 2025.
  • The last three reported values for Tax Rate were 22.85% (Q4 2025), 21.73% (Q3 2025), and 24.35% (Q2 2025) per Business Quant data.