Trane Technologies (TT) Tax Rate (2009 - 2026)

Trane Technologies has reported Tax Rate for 18 years, with the latest figure at 18.52% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate rose 61.0% year-over-year to 18.52%; the trailing twelve-month figure through Mar 2026 stood at 19.32% (up 24.0% YoY), and the FY2025 full-year result was 19.19%, down 17.0% from the prior year.
• Tax Rate for Q1 2026 stood at 18.52%, up from 16.57% in the prior quarter.
• The five-year high for Tax Rate was 22.13% in Q2 2023, with the low at 14.07% in Q4 2022.
• Historically, Tax Rate has averaged 18.64% across 5 years, with a median of 18.71% in 2024.
• Annual changes were most pronounced in 2022 — Tax Rate sank 291 bps — and 2023, when it surged 403 bps.
• Trane Technologies' Tax Rate stood at 14.07% in 2022, then gained by 14 bps to 15.97% in 2023, then grew by 13 bps to 18.03% in 2024, then declined by 8 bps to 16.57% in 2025, then climbed by 12 bps to 18.52% in 2026.
• The last three Tax Rate figures came in at 18.52% (Q1 2026), 16.57% (Q4 2025), and 21.21% (Q3 2025), per Business Quant data.