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

Illinois Tool Works (ITW) has 17 years of Tax Rate data on record, last reported at 22.85% in Q4 2025.

  • For Q4 2025, Tax Rate fell 85.0% year-over-year to 22.85%; the TTM value through Dec 2025 reached 22.69%, up 157.0%, while the annual FY2025 figure was 22.69%, 157.0% up from the prior year.
  • Tax Rate reached 22.85% in Q4 2025 per ITW's latest filing, up from 21.73% in the prior quarter.
  • Across five years, Tax Rate topped out at 24.48% in Q2 2024 and bottomed at 10.2% in Q2 2021.
  • Average Tax Rate over 5 years is 21.44%, with a median of 22.61% recorded in 2023.
  • Peak YoY movement for Tax Rate: crashed -1123bps in 2021, then soared 808bps in 2022.
  • A 5-year view of Tax Rate shows it stood at 23.11% in 2021, then dropped by -17bps to 19.09% in 2022, then grew by 19bps to 22.65% in 2023, then rose by 5bps to 23.7% in 2024, then fell by -4bps to 22.85% in 2025.
  • Per Business Quant database, its latest 3 readings for Tax Rate were 22.85% in Q4 2025, 21.73% in Q3 2025, and 24.35% in Q2 2025.