Trane Technologies (TT) Operating Expenses (2009 - 2026)
Trane Technologies (TT) posted Operating Expenses of $1.0 billion for Q2 2026, up 8.76% on a QoQ basis from $952.0 million in Q1 2026, and up 3.91% year-over-year from $996.4 million in Q2 2025.
Analysis
Trane Technologies (TT) Operating Expenses (2009 - 2026) Analysis & Trends
Trane Technologies has reported Operating Expenses for 18 years, with the latest figure at $1.0 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 3.91% year-over-year to $1.0 billion in Q2 2026; TTM through Jun 2026 was $3.9 billion, a 4.51% increase from a year earlier, with the FY2025 full-year figure at $3.7 billion, up 4.54% from the prior year.
- Operating Expenses was $1.0 billion for Q2 2026 at Trane Technologies, up from $952.0 million in the prior quarter.
- The five-year high for Operating Expenses was $1.0 billion in Q2 2026, with the low at $600.8 million in Q1 2022.
- Average Operating Expenses over 5 years is $823.3 million, with a median of $842.4 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses retreated 1.11% in 2022, then increased 28.94% in 2024.
- Over 5 years, Operating Expenses stood at $638.9 million in 2022, then advanced by 22.66% to $783.7 million in 2023, then increased by 15.25% to $903.2 million in 2024, then gained by 3.51% to $934.9 million in 2025, then increased by 10.75% to $1.0 billion in 2026.
- The last three Operating Expenses figures came in at $1.0 billion (Q2 2026), $952.0 million (Q1 2026), and $934.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.27 Bn | 96.95 Bn | 2.26 Bn | 1.04 Bn |
| 2 | Johnson Controls International | 87.97 Bn | 87.32 Bn | 2.47 Bn | 1.49 Bn |
| 3 | Comfort Systems Usa | 56.85 Bn | 55.00 Bn | 844.23 Mn | 287.05 Mn |
| 4 | Carrier Global | 47.99 Bn | 46.64 Bn | 1.94 Bn | 5.58 Bn |
| 5 | Lennox International | 13.02 Bn | 12.97 Bn | 539.50 Mn | 183.10 Mn |
| 6 | Modine Manufacturing | 9.82 Bn | 9.75 Bn | - | - |
| 7 | SPX Technologies | 9.64 Bn | 9.48 Bn | 272.80 Mn | 15.80 Mn |
| 8 | Smith A O | 7.92 Bn | 7.74 Bn | 387.80 Mn | 220.30 Mn |
| 9 | Aaon | 6.32 Bn | 6.32 Bn | 152.49 Mn | 83.61 Mn |
| 10 | Csw Industrials | 4.90 Bn | 4.87 Bn | - | -197.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.04 Bn |
| 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 |