Illinois Tool Works Quarterly Income Statement
NYSE: ITWIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Illinois Tool Works revenue and earnings
In the quarter ended Jun 30, 2026, Illinois Tool Works generated $4.30 billion in revenue, up 6.1% from the same quarter a year earlier. Net income was $815.0 million (+7.9% year over year), for a net margin of 18.9% versus a median of 19.1% in the prior 5 quarters. Gross margin was 52.7% (flat year over year) and operating margin 26.7%.
Diluted earnings per share came in at $2.84, up from $2.58.
Summary generated from market data by MetaCap's automated system. Methodology
Illinois Tool Works income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.30B | 4.02B | 4.09B | 4.06B | 4.05B | 3.84B | 3.93B | 3.97B | 4.03B | 3.97B | 3.98B | 4.03B |
| Revenue growth (YoY) | +6.12% | +4.61% | +4.09% | +2.34% | +0.65% | -3.37% | -1.28% | -1.61% | -1.15% | -1.14% | — | +0.50% |
| Cost of Revenue | 2.03B | 1.89B | 1.92B | 1.90B | 1.91B | 1.82B | 1.88B | 1.88B | 1.92B | 1.92B | 2.31B | 2.32B |
| Gross Profit | 2.27B | 2.13B | 2.17B | 2.16B | 2.14B | 2.02B | 2.05B | 2.08B | 2.11B | 2.06B | 1.67B | 1.71B |
| Operating Expenses | 1.12B | 1.11B | 1.08B | 1.05B | 1.07B | 1.07B | 1.02B | 1.03B | 1.05B | 929.00M | 683.00M | 642.00M |
| Operating Income | 1.15B | 1.02B | 1.08B | 1.11B | 1.07B | 951.00M | 1.03B | 1.05B | 1.05B | 1.13B | 988.00M | 1.07B |
| Interest Expense | 79.00M | 73.00M | 75.00M | 75.00M | 74.00M | 68.00M | 68.00M | 69.00M | 75.00M | 71.00M | 70.00M | 67.00M |
| Other Income (Expense) | 12.00M | 20.00M | 14.00M | 12.00M | 4.00M | 12.00M | 20.00M | 379.00M | 26.00M | 16.00M | 9.00M | 10.00M |
| Income Tax | 265.00M | 199.00M | 234.00M | 228.00M | 243.00M | 195.00M | 233.00M | 202.00M | 246.00M | 253.00M | 210.00M | 241.00M |
| Net Income | 815.00M | 768.00M | 790.00M | 821.00M | 755.00M | 700.00M | 750.00M | 1.16B | 759.00M | 819.00M | 717.00M | 772.00M |
| Net Income growth (YoY) | +7.95% | +9.71% | +5.33% | -29.22% | -0.53% | -14.53% | +4.60% | +50.26% | +0.66% | +14.71% | -20.95% | +6.19% |
| EPS (Basic) | 2.85 | 2.66 | 2.73 | 2.82 | 2.58 | 2.39 | 2.54 | 3.92 | 2.55 | 2.74 | 2.39 | 2.55 |
| EPS (Diluted) | 2.84 | 2.66 | 2.72 | 2.81 | 2.58 | 2.38 | 2.53 | 3.91 | 2.54 | 2.73 | 2.38 | 2.55 |
| Shares Outstanding (Basic) | 286.40M | 288.30M | — | 290.80M | 292.30M | 293.60M | — | 296.10M | 297.60M | 298.90M | — | 301.90M |
| Shares Outstanding (Diluted) | 287.00M | 289.10M | — | 291.70M | 292.90M | 294.50M | — | 297.00M | 298.50M | 300.00M | — | 303.00M |
| EBITDA | 1.23B | 1.10B | 1.17B | 1.19B | 1.15B | 1.02B | 1.11B | 1.13B | 1.13B | 1.20B | 1.06B | 1.14B |
| Gross Margin | 52.73% | 53.01% | 53.02% | 53.24% | 52.78% | 52.57% | 52.09% | 52.50% | 52.35% | 51.75% | 41.95% | 42.47% |
| Operating Margin | 26.67% | 25.40% | 26.51% | 27.40% | 26.35% | 24.77% | 26.22% | 26.53% | 26.17% | 28.37% | 24.81% | 26.54% |
| Net Margin | 18.95% | 19.12% | 19.30% | 20.23% | 18.63% | 18.23% | 19.07% | 29.25% | 18.85% | 20.61% | 18.00% | 19.15% |
This table shows 12 quarterly periods of Illinois Tool Works's income statement, from Q2 2026 back to Q3 2023, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ITW's reporting calendar. What is a income statement?