Trane Technologies plc (TT)
NYSE: TT · Real-Time Price · USD
401.76
+9.33 (2.38%)
At close: Nov 6, 2026, 4:00 PM EST
403.41
+1.65 (0.41%)
After-hours: Nov 6, 2026, 7:53 PM EST
Trane Technologies Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
| 6,760 | 6,354 | 4,969 | 5,145 | 5,743 | 5,746 | 4,689 | 4,874 | 5,441 | 5,307 | 4,216 | 4,424 | 4,883 | 4,705 | 3,666 | 4,074 | 4,372 | 4,190 | 3,356 | 3,569 | |
Revenue Growth (YoY) | 17.71% | 10.56% | 5.99% | 5.55% | 5.54% | 8.27% | 11.22% | 10.17% | 11.43% | 12.81% | 14.99% | 8.60% | 11.69% | 12.27% | 9.25% | 14.13% | 17.53% | 9.42% | 11.20% | 12.27% |
Cost of Revenue | 4,375 | 4,094 | 3,241 | 3,391 | 3,624 | 3,586 | 3,011 | 3,163 | 3,467 | 3,372 | 2,756 | 2,953 | 3,225 | 3,120 | 2,522 | 2,854 | 2,939 | 2,867 | 2,367 | 2,528 |
Gross Profit | 2,385 | 2,260 | 1,728 | 1,754 | 2,118 | 2,161 | 1,678 | 1,711 | 1,974 | 1,936 | 1,460 | 1,471 | 1,658 | 1,584 | 1,144 | 1,220 | 1,433 | 1,323 | 989 | 1,042 |
Selling, General & Admin | 1,043 | 1,037 | 956.8 | 956.4 | 957.1 | 1,001 | 924.7 | 921.8 | 953.5 | 912.9 | 828.8 | 788.7 | 798.6 | 755.7 | 689.6 | 644.4 | 731.5 | 621.3 | 606.1 | 606.6 |
Operating Expenses | 1,043 | 1,037 | 956.8 | 956.4 | 957.1 | 1,001 | 924.7 | 921.8 | 953.5 | 912.9 | 828.8 | 788.7 | 798.6 | 755.7 | 689.6 | 644.4 | 731.5 | 621.3 | 606.1 | 606.6 |
Operating Income | 1,342 | 1,223 | 771.3 | 797.5 | 1,161 | 1,160 | 752.8 | 789 | 1,021 | 1,023 | 631.1 | 682.6 | 859.5 | 828.7 | 453.9 | 575.1 | 701.3 | 702.1 | 382.9 | 434.9 |
Interest Expense | -52.4 | -53.1 | -55.6 | -55.6 | -55.6 | -57.4 | -58.1 | -59.9 | -63 | -57.5 | -58.1 | -57.4 | -57.9 | -61.6 | -57.6 | -55.9 | -55.8 | -55.9 | -56 | -56 |
Interest & Investment Income | 5.2 | 3 | 4.6 | 5.3 | 1.2 | - | 3.3 | 11.5 | 15.3 | 5.4 | 3.7 | 4.3 | 3.6 | 3.1 | 4.4 | 4 | 2.4 | 1.5 | 1.3 | 1 |
Currency Exchange Gain (Loss) | -2.5 | -1.7 | -1.3 | -3.7 | -4.8 | -4.9 | -2 | -4.2 | -2.9 | -3.1 | -13.9 | -7.7 | -5.8 | - | -6.6 | -4.8 | -5.5 | -4 | -3.6 | -1.8 |
Other Non Operating Income (Expenses) | -6.8 | -8.2 | 16.8 | -2.2 | -10.2 | -5 | -4.3 | -1.9 | -2.4 | -3.7 | -12.1 | -7 | -3.1 | -3.6 | -1.6 | 12.5 | -1.7 | -0.2 | 0.4 | 1.2 |
EBT Excluding Unusual Items | 1,285 | 1,163 | 735.8 | 741.3 | 1,092 | 1,093 | 691.7 | 734.5 | 967.9 | 963.7 | 550.7 | 614.8 | 796.3 | 766.6 | 392.5 | 530.9 | 640.7 | 643.5 | 325 | 379.3 |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | -52.2 | - | - | - | - | - | - |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.2 |
Other Unusual Items | - | - | - | - | - | - | 61.2 | 16.1 | - | 8.9 | - | - | - | 52 | -2.7 | 16.5 | -0.7 | 9.6 | 6.5 | 8.1 |
Pretax Income | 1,285 | 1,163 | 735.8 | 741.3 | 1,092 | 1,093 | 752.9 | 750.6 | 967.9 | 972.6 | 550.7 | 614.8 | 796.3 | 766.4 | 389.8 | 522.4 | 665 | 653.1 | 331.5 | 394.6 |
Income Tax Expense | 219.9 | 218.2 | 136.3 | 122.8 | 231.5 | 216.7 | 134.9 | 135.3 | 181.1 | 205.8 | 105.5 | 98.2 | 157.5 | 169.6 | 73.2 | 73.5 | 104.7 | 136.6 | 61.1 | 65.5 |
Earnings From Continuing Operations | 1,065 | 944.9 | 599.5 | 618.5 | 860.2 | 876 | 618 | 615.3 | 786.8 | 766.8 | 445.2 | 516.6 | 638.8 | 596.8 | 316.6 | 448.9 | 560.3 | 516.5 | 270.4 | 329.1 |
Earnings From Discontinued Operations | -11.4 | -9.6 | -10 | -21.6 | -9.4 | 2.9 | -8.9 | -3.4 | -8.9 | -6.9 | -5.4 | -9 | -6.5 | -6.1 | -5.5 | -4.9 | -7.9 | -1.6 | -7 | -8 |
Net Income to Company | 1,054 | 935.3 | 589.5 | 596.9 | 850.8 | 878.9 | 609.1 | 611.9 | 777.9 | 759.9 | 439.8 | 507.6 | 632.3 | 590.7 | 311.1 | 444 | 552.4 | 514.9 | 263.4 | 321.1 |
Minority Interest in Earnings | -5.3 | -9.6 | -5.1 | -5.6 | -3.2 | -4.1 | -4.2 | -7.6 | -5.9 | -4.6 | -3.5 | -3.3 | -6 | -4.5 | -4 | -4.9 | -4.5 | -5.6 | -3.2 | -3.3 |
Net Income | 1,049 | 925.7 | 584.4 | 591.3 | 847.6 | 874.8 | 604.9 | 604.3 | 772 | 755.3 | 436.3 | 504.3 | 626.3 | 586.2 | 307.1 | 439.1 | 547.9 | 509.3 | 260.2 | 317.8 |
Net Income to Common | 1,049 | 925.7 | 584.4 | 591.3 | 847.6 | 874.8 | 604.9 | 604.3 | 772 | 755.3 | 436.3 | 504.3 | 626.3 | 586.2 | 307.1 | 439.1 | 547.9 | 509.3 | 260.2 | 317.8 |
Net Income Growth (YoY) | 23.73% | 5.82% | -3.39% | -2.15% | 9.79% | 15.82% | 38.64% | 19.83% | 23.26% | 28.85% | 42.07% | 14.85% | 14.31% | 15.10% | 18.02% | 38.17% | 35.05% | 9.60% | 10.63% | 29.87% |
Shares Outstanding (Basic) | 220 | 221 | 222 | 224 | 223 | 223 | 224 | 227 | 226 | 227 | 227 | 230 | 229 | 229 | 229 | 232 | 232 | 234 | 235 | 241 |
Shares Outstanding (Diluted) | 221 | 223 | 223 | 224 | 224 | 225 | 226 | 227 | 228 | 229 | 230 | 230 | 231 | 230 | 232 | 232 | 234 | 236 | 237 | 241 |
Shares Change (YoY) | -1.34% | -1.16% | -1.46% | -1.63% | -1.58% | -1.57% | -1.35% | -1.13% | -1.13% | -0.69% | -0.86% | -1.08% | -1.45% | -2.29% | -2.36% | -3.45% | -3.19% | -3.16% | -2.47% | -1.47% |
EPS (Basic) | 4.77 | 4.19 | 2.64 | 2.64 | 3.81 | 3.92 | 2.70 | 2.66 | 3.42 | 3.33 | 1.92 | 2.19 | 2.74 | 2.57 | 1.34 | 1.89 | 2.36 | 2.18 | 1.11 | 1.32 |
EPS (Diluted) | 4.74 | 4.16 | 2.62 | 2.64 | 3.78 | 3.88 | 2.67 | 2.65 | 3.39 | 3.30 | 1.90 | 2.19 | 2.71 | 2.54 | 1.33 | 1.89 | 2.35 | 2.16 | 1.10 | 1.32 |
EPS Growth (YoY) | 25.42% | 7.06% | -2.08% | -0.45% | 11.42% | 17.67% | 40.82% | 20.97% | 25.04% | 29.73% | 43.00% | 16.06% | 15.58% | 17.58% | 20.52% | 43.55% | 40.08% | 13.31% | 14.19% | 31.40% |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,205 | 1,011 | 546.5 | 1,053 | 935.6 | 602.2 | 220.6 | 774.3 | 1,214 | 623 | 163.4 | 851.3 | 839.1 | 467.1 | -68.6 | 671.3 | 451.3 | 352.6 | -263 | 325.7 |
Free Cash Flow Per Share | 5.44 | 4.54 | 2.45 | 4.71 | 4.17 | 2.67 | 0.97 | 3.41 | 5.33 | 2.72 | 0.71 | 3.70 | 3.64 | 2.03 | -0.30 | 2.89 | 1.93 | 1.50 | -1.11 | 1.35 |
Dividend Per Share | 1.050 | 1.050 | 1.050 | 0.940 | 0.940 | 0.940 | 0.940 | 0.840 | 0.840 | 0.840 | 0.840 | 0.750 | 0.750 | 0.750 | 0.750 | 0.670 | 0.670 | 0.670 | 0.670 | 0.590 |
Dividend Growth (YoY) | 11.70% | 11.70% | 11.70% | 11.91% | 11.91% | 11.91% | 11.91% | 12.00% | 12.00% | 12.00% | 12.00% | 11.94% | 11.94% | 11.94% | 11.94% | 13.56% | 13.56% | 13.56% | 13.56% | 11.32% |
Gross Margin | 35.28% | 35.57% | 34.77% | 34.09% | 36.89% | 37.60% | 35.78% | 35.10% | 36.29% | 36.47% | 34.63% | 33.26% | 33.96% | 33.68% | 31.19% | 29.94% | 32.77% | 31.58% | 29.47% | 29.18% |
Operating Margin | 19.85% | 19.25% | 15.52% | 15.50% | 20.22% | 20.19% | 16.06% | 16.19% | 18.76% | 19.27% | 14.97% | 15.43% | 17.60% | 17.61% | 12.38% | 14.12% | 16.04% | 16.75% | 11.41% | 12.18% |
Profit Margin | 15.51% | 14.57% | 11.76% | 11.49% | 14.76% | 15.22% | 12.90% | 12.40% | 14.19% | 14.23% | 10.35% | 11.40% | 12.83% | 12.46% | 8.38% | 10.78% | 12.53% | 12.15% | 7.75% | 8.90% |
Free Cash Flow Margin | 17.83% | 15.92% | 11.00% | 20.47% | 16.29% | 10.48% | 4.71% | 15.89% | 22.32% | 11.74% | 3.88% | 19.24% | 17.18% | 9.93% | -1.87% | 16.48% | 10.32% | 8.41% | -7.84% | 9.13% |
EBITDA | 1,447 | 1,333 | 872.4 | 853.5 | 1,249 | 1,258 | 851.9 | 847.5 | 1,116 | 1,119 | 722.6 | 734 | 951.5 | 917.1 | 533.7 | 615.6 | 785.2 | 781.9 | 460.2 | 465.6 |
EBITDA Margin | 21.40% | 20.98% | 17.55% | 16.59% | 21.76% | 21.89% | 18.17% | 17.39% | 20.51% | 21.08% | 17.14% | 16.59% | 19.49% | 19.49% | 14.56% | 15.11% | 17.96% | 18.66% | 13.71% | 13.05% |
D&A For EBITDA | 105 | 110 | 101.1 | 56 | 88.3 | 98.1 | 99.1 | 58.5 | 95 | 96.2 | 91.5 | 51.4 | 92 | 88.4 | 79.8 | 40.5 | 83.9 | 79.8 | 77.3 | 30.7 |
EBIT | 1,342 | 1,223 | 771.3 | 797.5 | 1,161 | 1,160 | 752.8 | 789 | 1,021 | 1,023 | 631.1 | 682.6 | 859.5 | 828.7 | 453.9 | 575.1 | 701.3 | 702.1 | 382.9 | 434.9 |
EBIT Margin | 19.85% | 19.25% | 15.52% | 15.50% | 20.22% | 20.19% | 16.06% | 16.19% | 18.76% | 19.27% | 14.97% | 15.43% | 17.60% | 17.61% | 12.38% | 14.12% | 16.04% | 16.75% | 11.41% | 12.18% |
Effective Tax Rate | 17.11% | 18.76% | 18.52% | 16.56% | 21.20% | 19.83% | 17.92% | 18.03% | 18.71% | 21.16% | 19.16% | 15.97% | 19.78% | 22.13% | 18.78% | 14.07% | 15.74% | 20.92% | 18.43% | 16.60% |
Revenue as Reported | - | - | - | 21,322 | - | - | - | 19,838 | - | - | - | 17,678 | - | - | - | 15,992 | - | - | - | 14,136 |