Trane Technologies (TT) Tax Rate (2009 - 2026)
Trane Technologies posted quarterly Tax Rate of 18.52% for Q1 2026, up 61.0% year-on-year from 11.51% in Q1 2025, and up 11.82% on a QoQ basis from 16.57% in Q4 2025.
Trane Technologies (TT) has 18 years of Tax Rate data on file, last reported 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.
- Across five years, Tax Rate topped out at 22.13% in Q2 2023 and bottomed at 14.07% in Q4 2022.
- The 5-year median for Tax Rate is 18.71% (2024), against an average of 18.64%.
- The widest annual swing landed in 2022, when Tax Rate tumbled 291 bps; it then surged 403 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 14.07% in 2022, then advanced by 14 bps to 15.97% in 2023, then increased by 13 bps to 18.03% in 2024, then fell by 8 bps to 16.57% in 2025, then grew 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 18.52 |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 21.47 |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | -56.47 |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 20.22 |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 21.65 |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 21.75 |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 16.41 |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 16.80 |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 13.59 |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 27.78 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.52 |
| Mar 31, 2026 | 18.52 |
| Dec 31, 2025 | 16.57 |
| Dec 31, 2025 | 16.57 |
| Sep 30, 2025 | 21.21 |
| Sep 30, 2025 | 21.21 |
| Jun 30, 2025 | 19.83 |
| Jun 30, 2025 | 19.83 |
| Mar 31, 2025 | 17.92 |
| Mar 31, 2025 | 17.92 |
| Dec 31, 2024 | 18.03 |
| Dec 31, 2024 | 18.03 |
| Sep 30, 2024 | 18.71 |
| Sep 30, 2024 | 18.71 |
| Jun 30, 2024 | 21.16 |
| Jun 30, 2024 | 21.16 |
| Mar 31, 2024 | 19.16 |
| Mar 31, 2024 | 19.16 |
| Dec 31, 2023 | 15.97 |
| Dec 31, 2023 | 15.97 |
| Sep 30, 2023 | 19.78 |
| Sep 30, 2023 | 19.78 |
| Jun 30, 2023 | 22.13 |
| Jun 30, 2023 | 22.13 |
| Mar 31, 2023 | 18.78 |
| Mar 31, 2023 | 18.78 |
| Dec 31, 2022 | 14.07 |
| Dec 31, 2022 | 14.07 |
| Sep 30, 2022 | 15.74 |
| Sep 30, 2022 | 15.74 |
| Jun 30, 2022 | 20.92 |
| Jun 30, 2022 | 20.92 |
| Mar 31, 2022 | 18.43 |
| Mar 31, 2022 | 18.43 |
| Dec 31, 2021 | 16.60 |
| Dec 31, 2021 | 16.60 |
| Sep 30, 2021 | 18.66 |
| Sep 30, 2021 | 18.66 |
| Jun 30, 2021 | 20.74 |
| Jun 30, 2021 | 20.74 |
| Mar 31, 2021 | 16.96 |
| Mar 31, 2021 | 16.96 |
| Dec 31, 2020 | 22.44 |
| Dec 31, 2020 | 22.44 |
| Sep 30, 2020 | 17.98 |
| Sep 30, 2020 | 17.98 |
| Jun 30, 2020 | 23.08 |
| Jun 30, 2020 | 23.08 |
| Mar 31, 2020 | 49.13 |
| Mar 31, 2020 | 49.13 |
| Dec 31, 2019 | 17.69 |
| Dec 31, 2019 | 17.69 |
| Sep 30, 2019 | 17.25 |
| Sep 30, 2019 | 17.25 |
| Jun 30, 2019 | 18.22 |
| Jun 30, 2019 | 18.22 |
| Mar 31, 2019 | 12.06 |
| Mar 31, 2019 | 12.06 |
| Dec 31, 2018 | -297.62 |
| Dec 31, 2018 | -297.62 |
| Sep 30, 2018 | -0.21 |
| Sep 30, 2018 | -0.21 |
| Jun 30, 2018 | 21.82 |
| Jun 30, 2018 | 21.82 |
| Mar 31, 2018 | 19.82 |
| Mar 31, 2018 | 19.82 |
| Dec 31, 2017 | -50.15 |
| Dec 31, 2017 | -50.15 |
| Sep 30, 2017 | 17.18 |
| Sep 30, 2017 | 17.18 |
| Jun 30, 2017 | 28.07 |
| Jun 30, 2017 | 28.07 |
| Mar 31, 2017 | 18.36 |
| Mar 31, 2017 | 18.36 |
| Dec 31, 2016 | 23.83 |
| Dec 31, 2016 | 23.83 |
| Sep 30, 2016 | 18.45 |
| Sep 30, 2016 | 18.45 |
| Jun 30, 2016 | 10.86 |
| Jun 30, 2016 | 10.86 |
| Mar 31, 2016 | 24.56 |
| Mar 31, 2016 | 24.56 |
| Dec 31, 2015 | 22.30 |
| Dec 31, 2015 | 22.30 |
| Sep 30, 2015 | 26.35 |
| Sep 30, 2015 | 26.35 |
| Jun 30, 2015 | 79.21 |
| Jun 30, 2015 | 79.21 |
| Mar 31, 2015 | 30.02 |
| Mar 31, 2015 | 30.02 |
| Dec 31, 2014 | 24.71 |
| Dec 31, 2014 | 24.71 |
| Sep 30, 2014 | 23.68 |
| Sep 30, 2014 | 23.68 |
| Jun 30, 2014 | 24.76 |
| Jun 30, 2014 | 24.76 |
| Mar 31, 2014 | 23.29 |
| Mar 31, 2014 | 23.29 |
| Dec 31, 2013 | 49.24 |
| Dec 31, 2013 | 49.24 |
| Sep 30, 2013 | 19.49 |
| Sep 30, 2013 | 19.49 |
| Jun 30, 2013 | 15.07 |
| Jun 30, 2013 | 15.07 |
| Mar 31, 2013 | 7.51 |
| Mar 31, 2013 | 7.51 |
| Dec 31, 2012 | 85.77 |
| Dec 31, 2012 | 85.77 |
| Sep 30, 2012 | 16.14 |
| Sep 30, 2012 | 16.14 |
| Jun 30, 2012 | 13.05 |
| Jun 30, 2012 | 13.05 |
| Mar 31, 2012 | 26.69 |
| Mar 31, 2012 | 26.69 |
| Dec 31, 2011 | 81.69 |
| Dec 31, 2011 | 81.69 |
| Sep 30, 2011 | 21.50 |
| Sep 30, 2011 | 21.50 |
| Jun 30, 2011 | 43.50 |
| Jun 30, 2011 | 43.50 |
| Mar 31, 2011 | -188.89 |
| Mar 31, 2011 | -188.89 |
| Dec 31, 2010 | 15.00 |
| Dec 31, 2010 | 15.00 |
| Sep 30, 2010 | 20.65 |
| Sep 30, 2010 | 20.65 |
| Jun 30, 2010 | 18.26 |
| Jun 30, 2010 | 18.26 |
| Mar 31, 2010 | 72.81 |
| Mar 31, 2010 | 72.81 |
| Dec 31, 2009 | 12.10 |
| Dec 31, 2009 | 12.10 |
| Sep 30, 2009 | 5.96 |
| Sep 30, 2009 | 5.96 |
| Jun 30, 2009 | 19.10 |
| Jun 30, 2009 | 19.10 |
| Mar 31, 2009 | -210.00 |
| Mar 31, 2009 | -210.00 |