Trane Technologies (TT) Operating Margin (2009 - 2026)

Trane Technologies has reported Operating Margin for 18 years, with the latest figure at 19.27% in Q2 2026.

• On a quarterly basis, Operating Margin fell 99.0% year-over-year to 19.27% in Q2 2026; TTM through Jun 2026 was 17.94%, a 45.0% decrease from a year earlier, with the FY2025 full-year figure at 18.61%, up 96.0% from the prior year.
• Operating Margin was 19.27% for Q2 2026 at Trane Technologies, up from 15.62% in the prior quarter.
• The five-year high for Operating Margin was 20.29% in Q3 2025, with the low at 11.57% in Q1 2022.
• Average Operating Margin over 5 years is 16.83%, with a median of 16.94% recorded in 2022.
• The sharpest annual moves came in 2024 and 2026: Operating Margin soared 257 bps in 2024, then tumbled 185 bps in 2026.
• Over 5 years, Operating Margin stood at 14.25% in 2022, then increased by 9 bps to 15.54% in 2023, then rose by 7 bps to 16.57% in 2024, then retreated by 4 bps to 15.92% in 2025, then grew by 21 bps to 19.27% in 2026.
• The last three Operating Margin figures came in at 19.27% (Q2 2026), 15.62% (Q1 2026), and 15.92% (Q4 2025), per Business Quant data.