ILLINOIS TOOL WORKS INC Effective Tax Rate
ILLINOIS TOOL WORKS INC (ITW) reported Effective Tax Rate of 24.40% for the 3-month period ending 2026-06-30, per its 10-Q filed 2026-08-06.
Financial Statements › Expense Statement › Income Tax
us-gaap:EffectiveIncomeTaxRateContinuingOperations · last filed 2026-08-06
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for the quarter ending 2026-06-30 was 24.40%, a 0.00% change year-over-year.
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for the quarter ending 2026-03-31 was 20.60%, a 5.07% decline year-over-year.
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for the quarter ending 2025-09-30 was 21.80%, a 46.31% increase year-over-year.
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for the quarter ending 2025-06-30 was 24.40%, a 0.00% change year-over-year.
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for fiscal 2025 was 22.70%, a 7.58% increase from fiscal 2024.
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for fiscal 2024 was 21.10%, a 6.64% decline from fiscal 2023.
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for fiscal 2023 was 22.60%, a 7.62% increase from fiscal 2022.
- ILLINOIS TOOL WORKS INC effective income tax rate reconciliation, percent for fiscal 2022 was 21.00%, a 10.53% increase from fiscal 2021.
| Period end | Effective Income Tax Rate Reconciliation, Percent 3 month | Effective Income Tax Rate Reconciliation, Percent 3 month as first filed | Effective Income Tax Rate Reconciliation, Percent 6 month | Effective Income Tax Rate Reconciliation, Percent 6 month as first filed | Effective Income Tax Rate Reconciliation, Percent 9 month | Effective Income Tax Rate Reconciliation, Percent 9 month as first filed | Effective Income Tax Rate Reconciliation, Percent 12 month | Effective Income Tax Rate Reconciliation, Percent 12 month as first filed |
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | 24.40% 10-Q · filed 2026-08-06 | 22.60% 10-Q · filed 2026-08-06 | ||||||
| 2026-03-31 | 20.60% 10-Q · filed 2026-05-07 | |||||||
| 2025-12-31 | 22.70% 10-K · filed 2026-02-13 | |||||||
| 2025-09-30 | 21.80% 10-Q · filed 2025-10-24 | 22.70% 10-Q · filed 2025-10-24 | ||||||
| 2025-06-30 | 24.40% 10-Q · filed 2026-08-06 | 23.10% 10-Q · filed 2026-08-06 | ||||||
| 2025-03-31 | 21.70% 10-Q · filed 2026-05-07 | |||||||
| 2024-12-31 | 21.10% 10-K · filed 2026-02-13 | |||||||
| 2024-09-30 | 14.90% 10-Q · filed 2025-10-24 | 20.40% 10-Q · filed 2025-10-24 | ||||||
| 2024-06-30 | 24.40% 10-Q · filed 2025-08-01 | 24.00% 10-Q · filed 2025-08-01 | ||||||
| 2024-03-31 | 23.60% 10-Q · filed 2025-05-01 | |||||||
| 2023-12-31 | 22.60% 10-K · filed 2026-02-13 | |||||||
| 2023-09-30 | 23.80% 10-Q · filed 2024-10-30 | 22.70% 10-Q · filed 2024-10-30 | ||||||
| 2023-06-30 | 21.40% 10-Q · filed 2024-08-02 | 22.00% 10-Q · filed 2024-08-02 | ||||||
| 2023-03-31 | 22.60% 10-Q · filed 2024-05-02 | |||||||
| 2022-12-31 | 21.00% 10-K · filed 2025-02-14 | |||||||
| 2022-09-30 | 23.90% 10-Q · filed 2023-10-24 | 21.80% 10-Q · filed 2023-10-24 | ||||||
| 2022-06-30 | 18.30% 10-Q · filed 2023-08-04 | 20.70% 10-Q · filed 2023-08-04 | ||||||
| 2022-03-31 | 23.10% 10-Q · filed 2023-05-04 | |||||||
| 2021-12-31 | 19.00% 10-K · filed 2024-02-09 | |||||||
| 2021-09-30 | 20.80% 10-Q · filed 2022-10-27 | 17.70% 10-Q · filed 2022-10-27 | ||||||
| 2021-06-30 | 10.10% 10-Q · filed 2022-08-05 | 16.30% 10-Q · filed 2022-08-05 | ||||||
| 2021-03-31 | 22.40% 10-Q · filed 2022-05-06 | |||||||
| 2020-12-31 | 22.00% 10-K · filed 2023-02-10 | |||||||
| 2020-09-30 | 21.30% 10-Q · filed 2021-10-29 | 22.00% 10-Q · filed 2021-10-29 | ||||||
| 2020-06-30 | 21.30% 10-Q/A · filed 2021-08-06 | 22.40% 10-Q/A · filed 2021-08-06 | ||||||
| 2020-03-31 | 23.00% 10-Q · filed 2021-05-06 | |||||||
| 2019-12-31 | 23.30% 10-K · filed 2022-02-11 | |||||||
| 2019-09-30 | 21.60% 10-Q · filed 2020-10-30 | 23.50% 10-Q · filed 2020-10-30 | ||||||
| 2019-06-30 | 24.50% 10-Q · filed 2020-08-06 | 24.50% 10-Q · filed 2020-08-06 | ||||||
| 2019-03-31 | 24.40% 10-Q · filed 2020-05-08 | |||||||
| 2018-12-31 | 24.50% 10-K · filed 2021-02-12 | |||||||
| 2018-09-30 | 23.70% 10-Q · filed 2019-10-28 | 24.10% 10-Q · filed 2019-10-28 | ||||||
| 2018-06-30 | 25.50% 10-Q · filed 2019-08-02 | 24.40% 10-Q · filed 2019-08-02 | ||||||
| 2018-03-31 | 23.20% 10-Q · filed 2019-05-03 | |||||||
| 2017-12-31 | 48.40% 10-K · filed 2020-02-14 | |||||||
| 2017-09-30 | 29.30% 10-Q · filed 2018-11-01 | 28.70% 10-Q · filed 2018-11-01 | ||||||
| 2017-06-30 | 28.40% 10-Q · filed 2018-08-03 | |||||||
| 2017-03-31 | 28.30% 10-Q · filed 2018-05-04 | |||||||
| 2016-12-31 | 30.00% 10-K · filed 2019-02-15 | |||||||
| 2015-12-31 | 30.10% 10-K · filed 2018-02-15 | |||||||
| 2014-12-31 | 30.00% 10-K · filed 2017-02-10 | |||||||
| 2014-09-30 | 30.00% 10-Q · filed 2014-10-31 | 30.00% 10-Q · filed 2014-10-31 | ||||||
| 2013-12-31 | 30.60% 10-K · filed 2016-02-12 | |||||||
| 2013-09-30 | 35.40% 10-Q · filed 2014-10-31 | 31.10% 10-Q · filed 2014-10-31 | ||||||
| 2013-06-30 | 29.00% 10-Q · filed 2013-08-02 | |||||||
| 2013-03-31 | 29.00% 10-Q · filed 2013-05-03 | |||||||
| 2012-12-31 | 30.30% 10-K · filed 2015-02-13 | 30.70% 10-K · filed 2013-02-19 | ||||||
| 2012-09-30 | 27.80% 10-Q · filed 2013-11-01 | 28.30% 10-Q · filed 2013-11-01 | 29.00% 10-Q · filed 2012-10-26 | |||||
| 2012-06-30 | 28.90% 10-Q · filed 2013-08-02 | 29.00% 10-Q · filed 2012-08-03 | ||||||
| 2012-03-31 | 28.90% 10-Q · filed 2013-05-03 | 29.00% 10-Q · filed 2012-05-04 | ||||||
| 2011-12-31 | 20.20% 10-K · filed 2014-02-14 | 22.20% 10-K · filed 2012-02-17 | ||||||
| 2011-09-30 | 20.70% 10-Q · filed 2012-10-26 | |||||||
| 2011-06-30 | 16.30% 10-Q · filed 2012-08-03 | |||||||
| 2011-03-31 | 2.30% 10-Q · filed 2012-05-04 | 3.30% 10-Q · filed 2011-05-06 | ||||||
| 2010-12-31 | 30.50% 10-K · filed 2013-02-19 | 31.00% 10-K · filed 2011-02-28 | ||||||
| 2010-09-30 | 31.80% 10-Q · filed 2011-10-28 | 32.20% 10-Q · filed 2010-10-29 | ||||||
| 2010-06-30 | 32.60% 10-Q · filed 2011-08-05 | 32.50% 10-Q · filed 2010-08-06 | ||||||
| 2010-03-31 | 33.50% 10-Q · filed 2011-05-06 | |||||||
| 2009-12-31 | 20.20% 10-K · filed 2012-02-17 | 20.10% 10-K · filed 2011-02-28 | ||||||
| 2009-09-30 | 38.90% 10-Q · filed 2010-10-29 | |||||||
| 2009-06-30 | 47.70% 10-Q · filed 2010-08-06 | |||||||
| 2008-12-31 | 28.10% 10-K · filed 2011-02-28 |
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