Trane Technologies (TT) Tax Rate (2009 - 2026)
Trane Technologies' Tax Rate came in at 18.76% for Q2 2026, down 1.07 percentage points from 19.83% a year earlier but up 0.24 percentage points from the prior quarter.
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Analysis
Trane Technologies (TT) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Trane Technologies reported Tax Rate of 18.99%, up 0.25 percentage points year-over-year; for FY2025, it came in at 19.19%, down 0.17 percentage points from FY2024.
- Tax Rate carries a five-year change of -3.85 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 19.36% in FY2024 (-0.05 pp), 19.41% in FY2023 (+2.11 pp), 17.31% in FY2022 (-1.32 pp) and 18.62% in FY2021 (-4.42 pp).
- The five-year range for quarterly Tax Rate is 14.07% (Q4 2022) to 22.13% (Q2 2023).
- Year-over-year, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of -0.13 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q3 2023 (a gain of 4.03 percentage points), and the weakest in Q4 2021 (a drop of 5.84 percentage points).
- Business Quant data shows TT's Tax Rate at 18.52% (Q1 2026), 16.57% (Q4 2025) and 21.21% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 90.06 Bn | 87.82 Bn | 2.47 Bn | 17.99% |
| 3 | Comfort Systems Usa | 58.26 Bn | 53.51 Bn | 844.23 Mn | 22.01% |
| 4 | Carrier Global | 45.22 Bn | 39.85 Bn | 1.94 Bn | 24.97% |
| 5 | Otis Worldwide | 24.48 Bn | 21.09 Bn | 1.14 Bn | 17.92% |
| 6 | James Hardie Industries | 14.69 Bn | 13.43 Bn | 548.70 Mn | 33.69% |
| 7 | Masco | 13.29 Bn | 11.40 Bn | 868.00 Mn | 24.32% |
| 8 | Allegion | 13.08 Bn | 11.79 Bn | 517.50 Mn | 19.00% |
| 9 | Carlisle Companies | 12.82 Bn | 9.17 Bn | 568.40 Mn | 22.77% |
| 10 | Lennox International | 12.27 Bn | 12.07 Bn | 539.50 Mn | 20.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.76% |
| Mar 31, 2026 | 18.52% |
| Dec 31, 2025 | 16.57% |
| Sep 30, 2025 | 21.21% |
| Jun 30, 2025 | 19.83% |
| Mar 31, 2025 | 17.92% |
| Dec 31, 2024 | 18.03% |
| Sep 30, 2024 | 18.71% |
| Jun 30, 2024 | 21.16% |
| Mar 31, 2024 | 19.16% |
| Dec 31, 2023 | 15.97% |
| Sep 30, 2023 | 19.78% |
| Jun 30, 2023 | 22.13% |
| Mar 31, 2023 | 18.78% |
| Dec 31, 2022 | 14.07% |
| Sep 30, 2022 | 15.74% |
| Jun 30, 2022 | 20.92% |
| Mar 31, 2022 | 18.43% |
| Dec 31, 2021 | 16.60% |
| Sep 30, 2021 | 18.66% |
API Access
Trane Technologies Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();