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Illinois Tool Works (ITW) Tax Rate (2016 - 2026)

Illinois Tool Works has reported Tax Rate over the past 17 years, most recently at 22.85% for 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 for Q4 2025 was 22.85% at Illinois Tool Works, up from 21.73% in the prior quarter.
  • Over five years, Tax Rate peaked at 24.48% in Q2 2024 and troughed at 10.2% in Q2 2021.
  • A 5-year average of 21.44% and a median of 22.61% in 2023 define the central range for Tax Rate.
  • Biggest five-year swings in Tax Rate: crashed -1123bps in 2021 and later soared 808bps in 2022.
  • Year by year, Tax Rate stood at 23.11% in 2021, then fell by -17bps to 19.09% in 2022, then rose by 19bps to 22.65% in 2023, then increased by 5bps to 23.7% in 2024, then decreased by -4bps to 22.85% in 2025.
  • Business Quant data shows Tax Rate for ITW at 22.85% in Q4 2025, 21.73% in Q3 2025, and 24.35% in Q2 2025.