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Trane Technologies plc (TT) Q2 FY2026 Financial Statements: Revenue $6.35B, Net income $925.70M

CIK 0001466258 · NYSE · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0001628280-26-051117) · Annual report: FY2025 10-K (filed 2026-02-05, accession 0001628280-26-005731) · Next expected filing: 10-Q ~2026-10-29

More for Trane Technologies: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Trane Technologies reported net revenues of $6.35 billion for Q2 FY2026, the quarter ended June 30, 2026, up 10.6% from a year earlier, and net earnings attributable to the company of $925.7 million, up 5.8%. Diluted earnings per share were $4.16, or $4.20 from continuing operations, compared with $3.89 and $3.87 a year earlier. Operating income was $1.22 billion, up 5.2%, growing more slowly than revenue as Trane Technologies said inflation and investments narrowed its gross margin, while the company also reported record bookings and backlog for the quarter.

MetricAmountvs. year ago
Revenue$6,353,500,000up 10.6%
Net income$925,700,000up 5.8%
Diluted EPS$4.16up 6.9%
Diluted EPS from continuing operations$4.20up 8.5%
Operating income$1,224,300,000up 5.2%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerTT
CIK0001466258
CompanyTrane Technologies plc
Business typeindustrial
Schema templatestandard industrial: income statement, balance sheet, cash flow, with reportable-segment revenue and Segment Adjusted Operating Income
Reporting currencyUSD
Converted to USDno
Unitsactual US dollars (not millions); share counts in actual shares; per-share amounts in dollars per ordinary share
Sign conventionCosts, expenses, taxes, earnings attributable to noncontrolling interests and cash outflows (capital expenditures, acquisitions, dividends paid, share repurchases) are stored as positive amounts. Other income/(expense), discontinued operations and the net investing and financing cash flow totals keep the sign the filing prints (negative means expense or outflow).

TT annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession10-K10-K10-K
Income statement
Net revenue21,321,900,00019,838,200,00017,677,600,000
Products revenue13,982,300,00013,314,500,00011,975,400,000
Services revenue7,339,600,0006,523,700,0005,702,200,000
Cost of revenue13,611,700,00012,757,700,00011,820,400,000
Cost of products sold9,426,500,0008,927,900,0008,414,200,000
Cost of services sold4,185,200,0003,829,800,0003,406,200,000
Gross profit7,710,200,0007,080,500,0005,857,200,000
Selling and administrative expenses3,742,800,0003,580,400,0002,963,200,000
Operating income3,967,400,0003,500,100,0002,894,000,000
Interest expense226,700,000238,400,000234,500,000
Other income expense net-62,100,000-19,900,000-92,200,000
Earnings before income taxes3,678,600,0003,241,800,0002,567,300,000
Provision for income taxes705,900,000627,600,000498,400,000
Earnings from continuing operations2,972,700,0002,614,200,0002,068,900,000
Discontinued operations net of tax-37,000,000-24,700,000-27,200,000
Net earnings including noncontrolling interests2,935,700,0002,589,500,0002,041,700,000
Net earnings attributable to noncontrolling interests17,100,00021,600,00017,800,000
Net income2,918,600,0002,567,900,0002,023,900,000
Continuing operations earnings attributable to trane2,955,600,0002,592,600,0002,051,100,000
Basic EPS13.0911.358.85
Diluted EPS12.9811.248.77
Diluted EPS continuing operations13.1411.358.89
Basic shares223,000,000226,200,000228,600,000
Diluted shares224,900,000228,400,000230,700,000
Dividends declared per share3.763.363
Cash flow
Depreciation and amortization376,300,000379,400,000348,100,000
Operating cash flow continuing operations3,220,400,0003,177,700,0002,426,800,000
Operating cash flow3,194,500,0003,145,600,0002,389,600,000
Capital expenditures383,000,000370,600,000300,700,000
Acquisitions of businesses net of cash acquired276,000,000180,300,000862,800,000
Net cash from investing activities-640,000,000-562,900,000-1,172,200,000
Dividends paid to ordinary shareholders837,300,000757,500,000683,700,000
Repurchase of ordinary shares1,481,300,0001,280,800,000669,300,000
Net cash from financing activities-2,495,800,000-2,020,600,000-1,350,300,000
Free cash flow2,811,500,0002,775,000,0002,088,900,000
Balance sheet
Cash and cash equivalents1,763,300,0001,590,100,000
Accounts and notes receivable net3,235,300,0003,090,200,000
Inventories2,103,600,0001,971,500,000
Total current assets7,863,000,0007,337,800,000
Property plant and equipment net2,251,300,0002,024,500,000
Goodwill6,457,000,0006,127,900,000
Intangible assets net3,236,700,0003,308,200,000
Total assets21,420,700,00020,146,700,000
Accounts payable2,153,900,0002,148,000,000
Short term borrowings and current maturities of long term debt693,000,000452,200,000
Total current liabilities6,286,700,0006,068,900,000
Long term debt3,922,100,0004,318,100,000
Total liabilities12,819,800,00012,659,800,000
Trane technologies shareholders equity8,579,200,0007,457,400,000
Noncontrolling interests21,700,00029,500,000
Total equity8,600,900,0007,486,900,000
Total liabilities and equity21,420,700,00020,146,700,000
Total debt4,615,100,0004,770,300,000
Segments
Americas
Segment revenues17,168,800,00015,903,200,00013,832,000,000
Segment adjusted operating income3,439,000,0003,039,100,0002,445,900,000
Emea
Segment revenues2,802,100,0002,556,700,0002,401,200,000
Segment adjusted operating income478,600,000472,800,000424,500,000
Asia pacific
Segment revenues1,351,000,0001,378,300,0001,444,400,000
Segment adjusted operating income308,100,000308,800,000300,800,000
Coverage noteThe FY2025 10-K presents a balance sheet only as of December 31, 2025 and 2024, so FY2023 carries income statement and cash flow figures only.

TT quarterly income statement, balance sheet and cash flow

Q2 FY2026Q2 FY2025
Fiscal year20262025
Fiscal quarter22
LabelQ2 FY2026Q2 FY2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession10-Q10-Q
Income statement
Net revenue6,353,500,0005,746,400,000
Cost of revenue4,093,800,0003,585,800,000
Gross profit2,259,700,0002,160,600,000
Selling and administrative expenses1,035,400,000996,400,000
Operating income1,224,300,0001,164,200,000
Interest expense53,100,00057,400,000
Other income expense net-8,100,000-14,100,000
Earnings before income taxes1,163,100,0001,092,700,000
Provision for income taxes218,200,000216,700,000
Earnings from continuing operations944,900,000876,000,000
Discontinued operations net of tax-9,600,0002,900,000
Net earnings including noncontrolling interests935,300,000878,900,000
Net earnings attributable to noncontrolling interests9,600,0004,100,000
Net income925,700,000874,800,000
Continuing operations earnings attributable to trane935,300,000871,900,000
Basic EPS4.193.92
Diluted EPS4.163.89
Diluted EPS continuing operations4.23.87
Basic shares221,000,000223,200,000
Diluted shares222,500,000225,100,000
Dividends declared per share2.11.88
Balance sheet
Cash and cash equivalents1,318,300,000
Accounts and notes receivable net4,234,600,000
Inventories2,616,900,000
Total current assets9,006,800,000
Property plant and equipment net2,392,700,000
Goodwill7,031,900,000
Intangible assets net3,518,100,000
Total assets23,925,600,000
Accounts payable2,976,100,000
Short term borrowings and current maturities of long term debt693,100,000
Total current liabilities8,390,900,000
Long term debt3,923,700,000
Total liabilities15,280,500,000
Trane technologies shareholders equity8,622,900,000
Noncontrolling interests22,200,000
Total equity8,645,100,000
Total liabilities and equity23,925,600,000
Total debt4,616,800,000
Segments
Americas
Segment revenues5,271,300,0004,692,300,000
Segment adjusted operating income1,165,100,0001,052,800,000
Emea
Segment revenues697,600,000707,900,000
Segment adjusted operating income91,400,000122,700,000
Asia pacific
Segment revenues384,600,000346,200,000
Segment adjusted operating income80,800,00074,700,000

TT year-to-date income statement and cash flow

Six months ended June 30, 2026 (H1 FY2026)
LabelSix months ended June 30, 2026 (H1 FY2026)
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession10-Q
Income statement
Net revenue11,322,900,000
Cost of revenue7,335,100,000
Gross profit3,987,800,000
Selling and administrative expenses1,987,400,000
Operating income2,000,400,000
Interest expense108,700,000
Other income expense net7,200,000
Earnings before income taxes1,898,900,000
Provision for income taxes354,500,000
Earnings from continuing operations1,544,400,000
Discontinued operations net of tax-19,600,000
Net earnings including noncontrolling interests1,524,800,000
Net earnings attributable to noncontrolling interests14,700,000
Net income1,510,100,000
Continuing operations earnings attributable to trane1,529,700,000
Basic EPS6.82
Diluted EPS6.78
Diluted EPS continuing operations6.86
Basic shares221,300,000
Diluted shares222,800,000
Dividends declared per share3.15
Cash flow
Depreciation and amortization211,100,000
Operating cash flow continuing operations1,734,600,000
Operating cash flow1,713,900,000
Capital expenditures156,100,000
Acquisitions and equity method investments net of cash acquired742,000,000
Net cash from investing activities-902,300,000
Dividends paid to ordinary shareholders463,200,000
Repurchase of ordinary shares756,400,000
Net cash from financing activities-1,243,200,000
Free cash flow1,557,800,000
Segments
Americas
Segment revenues9,269,700,000
Segment adjusted operating income1,882,100,000
Emea
Segment revenues1,337,100,000
Segment adjusted operating income167,800,000
Asia pacific
Segment revenues716,100,000
Segment adjusted operating income154,000,000
Prior year comparative
LabelSix months ended June 30, 2025 (H1 FY2025)
Period start2025-01-01
Period end2025-06-30
Period typesix months
Source accession10-Q
Income statement
Net revenue10,434,900,000
Cost of revenue6,596,800,000
Gross profit3,838,100,000
Selling and administrative expenses1,855,000,000
Operating income1,983,100,000
Interest expense115,500,000
Other income expense net-22,000,000
Earnings before income taxes1,845,600,000
Provision for income taxes351,600,000
Earnings from continuing operations1,494,000,000
Discontinued operations net of tax-6,000,000
Net earnings including noncontrolling interests1,488,000,000
Net earnings attributable to noncontrolling interests8,300,000
Net income1,479,700,000
Continuing operations earnings attributable to trane1,485,700,000
Basic EPS6.61
Diluted EPS6.55
Diluted EPS continuing operations6.58
Basic shares223,800,000
Diluted shares225,800,000
Dividends declared per share2.82
Cash flow
Depreciation and amortization197,200,000
Operating cash flow continuing operations1,043,500,000
Operating cash flow1,031,600,000
Capital expenditures208,800,000
Acquisitions and equity method investments net of cash acquired277,200,000
Net cash from investing activities-486,000,000
Dividends paid to ordinary shareholders420,000,000
Repurchase of ordinary shares879,600,000
Net cash from financing activities-1,480,900,000
Free cash flow822,800,000
Segments
Americas
Segment revenues8,493,000,000
Segment adjusted operating income1,729,300,000
Emea
Segment revenues1,281,400,000
Segment adjusted operating income206,100,000
Asia pacific
Segment revenues660,500,000
Segment adjusted operating income141,300,000

TT trailing twelve month income statement and cash flow

Twelve months ended June 30, 2026
LabelTwelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetrailing twelve months
Source accessions10-K, 10-Q
DerivationDerived: fiscal 2025 (from the FY2025 10-K) plus the six months ended June 30, 2026, less the six months ended June 30, 2025 (both from the Q2 FY2026 10-Q). Not printed by the company.
Income statement
Net revenue22,209,900,000
Cost of revenue14,350,000,000
Gross profit7,859,900,000
Operating income3,984,700,000
Earnings from continuing operations3,023,100,000
Net income2,949,000,000
Cash flow
Operating cash flow3,876,800,000
Operating cash flow continuing operations3,911,500,000
Capital expenditures330,300,000
Free cash flow3,546,500,000

Adjustments

Value
Splits appliednone
Splits noteNo share split or similar share adjustment affects the periods covered here (2023 through June 2026). Every per-share figure is as the filings print it.
ADR ration/a
ADR noteTrane Technologies ordinary shares trade directly on the New York Stock Exchange; they are not American Depositary Shares, so no ratio applies.
FXNone. The company reports in US dollars.

Line item definitions

Value
Net revenueNet revenues: the statement's top line (products plus services).
Cost of revenueIn the 10-Q this is the printed line 'Cost of goods sold'. In the 10-K the company prints cost of products sold and cost of services sold separately; cost_of_revenue for the fiscal years is their sum.
Gross profitNet revenue less cost of revenue. The company does not print a gross profit line; this figure is computed from the two printed lines.
Net incomeNet earnings attributable to Trane Technologies plc (after noncontrolling interests, including discontinued operations). This is the numerator of the company's earnings per share.
Net earnings including noncontrolling interestsNet earnings before deducting the share attributable to noncontrolling interests.
Continuing operations earnings attributable to traneEarnings from continuing operations attributable to Trane Technologies plc ordinary shareholders.
Diluted EPSDiluted earnings per share on net earnings attributable to Trane Technologies plc (continuing plus discontinued operations).
Diluted EPS continuing operationsDiluted earnings per share from continuing operations only.
Basic sharesWeighted-average basic ordinary shares outstanding.
Diluted sharesWeighted-average diluted ordinary shares outstanding.
Dividends declared per shareDividends declared per ordinary share in the period, as printed in the earnings-per-share note. A quarter can include more than one declaration.
Total debtShort-term borrowings and current maturities of long-term debt plus long-term debt, both as printed on the balance sheet. Computed; the company does not print a total-debt line.
Operating cash flowNet cash provided by operating activities, including the cash used by discontinued operations.
Operating cash flow continuing operationsNet cash provided by continuing operating activities.
Free cash flowNet cash provided by operating activities less capital expenditures, computed from the cash flow statement. The company also publishes a non-GAAP free cash flow measure that starts from continuing operating cash flow and adjusts for further items; that measure is not reproduced here and will differ from this figure.
Segment adjusted operating incomeSegment Adjusted Operating Income as defined by the company: segment operating income excluding restructuring costs, merger and acquisition transaction costs and other significant non-recurring or non-cash items. It is a measure used by the company to manage its segments and is not a GAAP figure.

Notes

  • Sources: fiscal-year figures come from the FY2025 Form 10-K (accession 0001628280-26-005731), which presents income statements and cash flow statements for 2023, 2024 and 2025 and balance sheets at December 31, 2025 and 2024. Quarterly and six-month figures come from the Form 10-Q for the quarter ended June 30, 2026 (accession 0001628280-26-051117), which presents the three and six months ended June 30, 2026 and 2025 and a balance sheet at June 30, 2026.
  • Trane Technologies' fiscal year is the calendar year, so the second quarter of fiscal 2026 runs from April 1 to June 30, 2026.
  • The 10-Q's balance-sheet column for December 31, 2025 agrees line for line with the balance sheet in the FY2025 10-K.
  • The 10-Q presents cash flows only for the six months ended June 30, 2026 and 2025, not for the three-month quarters. Cash flow figures therefore appear in the six-month (year-to-date) view and the fiscal years, not in the quarterly entries.
  • The quarterly balance sheet is the June 30, 2026 balance sheet printed in the 10-Q. The 10-Q does not print a balance sheet at June 30, 2025, so the year-ago quarter carries income statement figures only.
  • Weighted-average share counts for fiscal years 2023 to 2025 come from the earnings-per-share note in the 10-K (Note 18); the quarterly and six-month counts are printed on the face of the 10-Q income statement.
  • Dividends declared per share are as printed in the 10-Q's earnings-per-share note: $2.10 for the second quarter of 2026 and $1.88 for the second quarter of 2025. The 10-Q explains that the quarterly dividend rose from $0.94 to $1.05 per share starting with the first quarter 2026 dividend, and that the third quarter 2026 dividend was declared on June 5, 2026, so the $2.10 is two $1.05 dividends declared in one quarter. The year-ago $1.88 likewise equals two $0.94 dividends.
  • The cash flow line for acquisitions is captioned 'Acquisitions of businesses, net of cash acquired' in the 10-K and 'Acquisitions and equity method investments, net of cash acquired' in the 2026 10-Q, which also reports the company's 49% equity-method interest in Kieback&Peter acquired in the first quarter of 2026. They are kept under separate names because they do not measure the same thing.
  • The trailing-twelve-month view is computed, not printed: fiscal 2025 plus the six months ended June 30, 2026, less the six months ended June 30, 2025.
  • Segment revenues for the three segments (Americas, EMEA, Asia Pacific) sum to consolidated net revenue in every period shown. Segment Adjusted Operating Income is the company's own segment measure and is not a GAAP figure.

Uncertainties

  • Three-month cash flow figures for the second quarter of 2026 and 2025 are not given: the 10-Q prints only six-month cash flows, and the first-quarter 10-Q needed to difference them is not among the filings this page covers.
  • Gross profit, total debt, free cash flow and the trailing-twelve-month figures are computed from printed lines rather than printed by the company; the company's own non-GAAP free cash flow differs from the free cash flow shown here.

Company details

Value
NameTrane Technologies plc
TickerTT
CIK0001466258
ExchangeNYSE
StateIreland
IncorporationIreland
SIC3822
OfficeIndustrial Applications and Services
IndustryAuto Controls For Regulating Residential & Comml Environments

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession10-Q
Fiscal year end1231
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionUrlSource
annualno10-K2025FYFY252025-12-312026-02-050001628280-26-005731https://www.sec.gov/Archives/edgar/data/1466258/000162828026005731/0001628280-26-005731-index.htmreported
quarterlyyes10-Q2026Q2FY26Q22026-06-302026-07-300001628280-26-051117https://www.sec.gov/Archives/edgar/data/1466258/000162828026051117/0001628280-26-051117-index.htmfacts

FAQ · Trane Technologies financial statements

What was Trane Technologies revenue in Q2 FY2026?

Trane Technologies reported net revenues of $6.35 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 10.6% from $5.75 billion in the same quarter a year earlier.

How much did Trane Technologies earn in Q2 FY2026?

Trane Technologies reported net earnings attributable to the company of $925.7 million for Q2 FY2026, the quarter ended June 30, 2026, up 5.8% from $874.8 million a year earlier.

What was Trane Technologies EPS in Q2 FY2026?

Trane Technologies reported diluted earnings per share of $4.16 for Q2 FY2026, compared with $3.89 a year earlier. Diluted earnings per share from continuing operations were $4.20, up 8.5% from $3.87.

Did Trane Technologies operating income grow in Q2 FY2026?

Trane Technologies reported operating income of $1.22 billion for Q2 FY2026, up 5.2% from $1.16 billion a year earlier, while its net revenues were up 10.6%.

Where can I get Trane Technologies plc (TT) financial data in machine-readable form?

Ticker Scout publishes Trane Technologies plc's financial statements as JSON at https://tickerscout.ai/tt/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/tt/narrative.md and https://tickerscout.ai/tt/events.md. Trane Technologies plc's SEC CIK is 0001466258. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Trane Technologies plc (TT) next file with the SEC?

Trane Technologies plc (TT) is expected to file its next Form 10-Q with the SEC on or around October 29, 2026. That date is a projection rather than a company-announced date: it is derived from Trane Technologies plc's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001628280-26-051117.

How this page was built

This page was built from two of Trane Technologies plc's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from Trane Technologies plc's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.