Trane Technologies (TT) Operating Expenses (2009 - 2026)
Trane Technologies posted quarterly Operating Expenses of $952.0 million for Q1 2026, up 10.88% year-on-year from $858.6 million in Q1 2025, and up 1.83% on a QoQ basis from $934.9 million in Q4 2025.
Trane Technologies (TT) has 18 years of Operating Expenses data on file, last reported at $952.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 10.88% year-over-year to $952.0 million; the trailing twelve-month figure through Mar 2026 stood at $3.8 billion (up 6.18% YoY), and the FY2025 full-year result was $3.7 billion, up 4.54% from the prior year.
- Operating Expenses for Q1 2026 stood at $952.0 million, up from $934.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $996.4 million in Q2 2025 and bottomed at $600.8 million in Q1 2022.
- The 5-year median for Operating Expenses is $826.1 million (2024), against an average of $810.8 million.
- The widest annual swing landed in 2022, when Operating Expenses fell 1.11%; it then grew 28.94% in 2024.
- A 5-year view of Operating Expenses shows it stood at $638.9 million in 2022, then gained by 22.66% to $783.7 million in 2023, then grew by 15.25% to $903.2 million in 2024, then rose by 3.51% to $934.9 million in 2025, then advanced by 1.83% to $952.0 million in 2026.
- The last three Operating Expenses figures came in at $952.0 million (Q1 2026), $934.9 million (Q4 2025), and $952.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 952.00 Mn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 1.22 Bn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 5.10 Bn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 185.20 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 369.00 Mn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 183.90 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 65.81 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 14.50 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | - |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 390.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 952.00 Mn |
| Dec 31, 2025 | 934.90 Mn |
| Sep 30, 2025 | 952.90 Mn |
| Jun 30, 2025 | 996.40 Mn |
| Mar 31, 2025 | 858.60 Mn |
| Dec 31, 2024 | 903.20 Mn |
| Sep 30, 2024 | 949.80 Mn |
| Jun 30, 2024 | 901.30 Mn |
| Mar 31, 2024 | 826.10 Mn |
| Dec 31, 2023 | 783.70 Mn |
| Sep 30, 2023 | 793.90 Mn |
| Jun 30, 2023 | 699.00 Mn |
| Mar 31, 2023 | 686.70 Mn |
| Dec 31, 2022 | 638.90 Mn |
| Sep 30, 2022 | 693.30 Mn |
| Jun 30, 2022 | 612.80 Mn |
| Mar 31, 2022 | 600.80 Mn |
| Dec 31, 2021 | 605.80 Mn |
| Sep 30, 2021 | 620.80 Mn |
| Jun 30, 2021 | 619.70 Mn |
| Mar 31, 2021 | 600.00 Mn |
| Dec 31, 2020 | 559.90 Mn |
| Sep 30, 2020 | 567.80 Mn |
| Jun 30, 2020 | 554.80 Mn |
| Mar 31, 2020 | 588.10 Mn |
| Dec 31, 2019 | 586.60 Mn |
| Sep 30, 2019 | 567.80 Mn |
| Jun 30, 2019 | 587.90 Mn |
| Mar 31, 2019 | 578.00 Mn |
| Dec 31, 2018 | 49.40 Mn |
| Sep 30, 2018 | 725.60 Mn |
| Jun 30, 2018 | 753.30 Mn |
| Mar 31, 2018 | 720.90 Mn |
| Dec 31, 2017 | 689.00 Mn |
| Sep 30, 2017 | 674.50 Mn |
| Jun 30, 2017 | 697.70 Mn |
| Mar 31, 2017 | 659.50 Mn |
| Dec 31, 2016 | 658.70 Mn |
| Sep 30, 2016 | 643.20 Mn |
| Jun 30, 2016 | 668.40 Mn |
| Mar 31, 2016 | 627.50 Mn |
| Dec 31, 2015 | 616.00 Mn |
| Sep 30, 2015 | 632.10 Mn |
| Jun 30, 2015 | 653.50 Mn |
| Mar 31, 2015 | 630.00 Mn |
| Dec 31, 2014 | 633.10 Mn |
| Sep 30, 2014 | 618.00 Mn |
| Jun 30, 2014 | 639.70 Mn |
| Mar 31, 2014 | 613.10 Mn |
| Dec 31, 2013 | 666.20 Mn |
| Sep 30, 2013 | 617.00 Mn |
| Jun 30, 2013 | 633.40 Mn |
| Mar 31, 2013 | 606.40 Mn |
| Dec 31, 2012 | 299.10 Mn |
| Sep 30, 2012 | 690.60 Mn |
| Jun 30, 2012 | 703.60 Mn |
| Mar 31, 2012 | 689.60 Mn |
| Dec 31, 2011 | 280.20 Mn |
| Sep 30, 2011 | 708.60 Mn |
| Jun 30, 2011 | 729.20 Mn |
| Mar 31, 2011 | 677.10 Mn |
| Dec 31, 2010 | 691.20 Mn |
| Sep 30, 2010 | 675.80 Mn |
| Jun 30, 2010 | 645.60 Mn |
| Mar 31, 2010 | 617.20 Mn |
| Dec 31, 2009 | 668.10 Mn |
| Sep 30, 2009 | 671.70 Mn |
| Jun 30, 2009 | 677.10 Mn |
| Mar 31, 2009 | 676.60 Mn |