Illinois Tool Works annual operating expenses
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Illinois Tool Works Operating Expenses Growth & History (ITW)
Illinois Tool Works's operating expenses was $4.27B for fiscal 2025.
View full Illinois Tool Works company overviewIllinois Tool Works annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.27B | $242.0M | +6.00% |
| 2024 | 2024-12-31 | $4.03B | −$93.0M | −2.26% |
| 2023 | 2023-12-31 | $4.12B | $117.0M | +2.92% |
| 2022 | 2022-12-31 | $4.01B | $1.52B | +60.95% |
| 2021 | 2021-12-31 | $2.49B | $172.0M | +7.42% |
| 2020 | 2020-12-31 | $2.32B | −$203.0M | −8.06% |
| 2019 | 2019-12-31 | $2.52B | −$60.0M | −2.33% |
| 2018 | 2018-12-31 | $2.58B | $57.0M | +2.26% |
| 2017 | 2017-12-31 | $2.52B | −$112.0M | −4.25% |
| 2016 | 2016-12-31 | $2.63B | −$15.0M | −0.57% |
| 2015 | 2015-12-31 | $2.65B | −$273.0M | −9.34% |
| 2014 | 2014-12-31 | $2.92B | −$144.0M | −4.70% |
| 2013 | 2013-12-31 | $3.07B | −$115.0M | −3.61% |
| 2012 | 2012-12-31 | $3.18B | $117.0M | +3.82% |
| 2011 | 2011-12-31 | $3.06B | −$100.0M | −3.16% |
| 2010 | 2010-12-31 | $3.17B | −$71.7M | −2.21% |
| 2009 | 2009-12-31 | $3.24B | −$175.5M | −5.14% |
| 2008 | 2008-12-31 | $3.41B | $360.6M | +11.82% |
| 2007 | 2007-12-31 | $3.05B | — | — |
Illinois Tool Works quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.12B | $50.0M | +4.67% |
| Q1 2026 | 2026-03-31 | $1.11B | $42.0M | +3.94% |
| Q4 2025 | 2025-12-31 | $1.08B | $68.0M | +6.69% |
| Q3 2025 | 2025-09-30 | $1.05B | $19.0M | +1.84% |
| Q2 2025 | 2025-06-30 | $1.07B | $17.0M | +1.61% |
| Q1 2025 | 2025-03-31 | $1.07B | $138.0M | +14.85% |
| Q4 2024 | 2024-12-31 | $1.02B | −$1.04B | −50.51% |
| Q3 2024 | 2024-09-30 | $1.03B | $388.0M | +60.44% |
| Q2 2024 | 2024-06-30 | $1.05B | $334.0M | +46.39% |
| Q1 2024 | 2024-03-31 | $929.0M | $223.0M | +31.59% |
| Q4 2023 | 2023-12-31 | $2.06B | $86.0M | +4.37% |
| Q3 2023 | 2023-09-30 | $642.0M | −$15.0M | −2.28% |
| Q2 2023 | 2023-06-30 | $720.0M | $27.0M | +3.90% |
| Q1 2023 | 2023-03-31 | $706.0M | $19.0M | +2.77% |
| Q4 2022 | 2022-12-31 | $1.97B | $1.31B | +201.07% |
| Q3 2022 | 2022-09-30 | $657.0M | $42.0M | +6.83% |
| Q2 2022 | 2022-06-30 | $693.0M | $73.0M | +11.77% |
| Q1 2022 | 2022-03-31 | $687.0M | $87.0M | +14.50% |
| Q4 2021 | 2021-12-31 | $654.0M | $62.0M | +10.47% |
| Q3 2021 | 2021-09-30 | $615.0M | $7.0M | +1.15% |
| Q2 2021 | 2021-06-30 | $620.0M | $99.0M | +19.00% |
| Q1 2021 | 2021-03-31 | $600.0M | $4.0M | +0.67% |
| Q4 2020 | 2020-12-31 | $592.0M | −$31.0M | −4.98% |
| Q3 2020 | 2020-09-30 | $608.0M | $4.0M | +0.66% |
| Q2 2020 | 2020-06-30 | $521.0M | −$118.0M | −18.47% |
| Q1 2020 | 2020-03-31 | $596.0M | −$58.0M | −8.87% |
| Q4 2019 | 2019-12-31 | $623.0M | −$1.0M | −0.16% |
| Q3 2019 | 2019-09-30 | $604.0M | −$24.0M | −3.82% |
| Q2 2019 | 2019-06-30 | $639.0M | −$29.0M | −4.34% |
| Q1 2019 | 2019-03-31 | $654.0M | −$6.0M | −0.91% |
| Q4 2018 | 2018-12-31 | $624.0M | −$35.0M | −5.31% |
| Q3 2018 | 2018-09-30 | $628.0M | $65.0M | +11.55% |
| Q2 2018 | 2018-06-30 | $668.0M | $28.0M | +4.38% |
| Q1 2018 | 2018-03-31 | $660.0M | −$1.0M | −0.15% |
| Q4 2017 | 2017-12-31 | $659.0M | $8.0M | +1.23% |
| Q3 2017 | 2017-09-30 | $563.0M | −$97.0M | −14.70% |
| Q2 2017 | 2017-06-30 | $640.0M | −$32.0M | −4.76% |
| Q1 2017 | 2017-03-31 | $661.0M | $5.0M | +0.76% |
| Q4 2016 | 2016-12-31 | $651.0M | −$4.0M | −0.61% |
| Q3 2016 | 2016-09-30 | $660.0M | $20.0M | +3.13% |
| Q2 2016 | 2016-06-30 | $672.0M | −$8.0M | −1.18% |
| Q1 2016 | 2016-03-31 | $656.0M | −$19.0M | −2.81% |
| Q4 2015 | 2015-12-31 | $655.0M | −$49.0M | −6.96% |
| Q3 2015 | 2015-09-30 | $640.0M | −$98.0M | −13.28% |
| Q2 2015 | 2015-06-30 | $680.0M | −$57.0M | −7.73% |
| Q1 2015 | 2015-03-31 | $675.0M | −$69.0M | −9.27% |
| Q4 2014 | 2014-12-31 | $704.0M | −$49.0M | −6.51% |
| Q3 2014 | 2014-09-30 | $738.0M | −$4.0M | −0.54% |
| Q2 2014 | 2014-06-30 | $737.0M | −$71.0M | −8.79% |
| Q1 2014 | 2014-03-31 | $744.0M | −$20.0M | −2.62% |
| Q4 2013 | 2013-12-31 | $753.0M | $140.0M | +22.84% |
| Q3 2013 | 2013-09-30 | $742.0M | −$35.0M | −4.50% |
| Q2 2013 | 2013-06-30 | $808.0M | −$83.0M | −9.32% |
| Q1 2013 | 2013-03-31 | $764.0M | −$137.0M | −15.21% |
| Q4 2012 | 2012-12-31 | $613.0M | $211.0M | +52.49% |
| Q3 2012 | 2012-09-30 | $777.0M | −$127.0M | −14.05% |
| Q2 2012 | 2012-06-30 | $891.0M | −$17.0M | −1.87% |
| Q1 2012 | 2012-03-31 | $901.0M | $50.0M | +5.88% |
| Q4 2011 | 2011-12-31 | $402.0M | −$395.4M | −49.59% |
| Q3 2011 | 2011-09-30 | $904.0M | $131.1M | +16.95% |
| Q2 2011 | 2011-06-30 | $908.0M | $120.2M | +15.26% |
| Q1 2011 | 2011-03-31 | $851.0M | $44.1M | +5.47% |
| Q4 2010 | 2010-12-31 | $797.4M | $54.4M | +7.32% |
| Q3 2010 | 2010-09-30 | $772.9M | −$8.6M | −1.10% |
| Q2 2010 | 2010-06-30 | $787.8M | −$22.0M | −2.72% |
| Q1 2010 | 2010-03-31 | $806.9M | −$95.4M | −10.57% |
| Q4 2009 | 2009-12-31 | $743.0M | — | — |
| Q3 2009 | 2009-09-30 | $781.6M | −$75.4M | −8.80% |
| Q2 2009 | 2009-06-30 | $809.8M | −$47.4M | −5.53% |
| Q1 2009 | 2009-03-31 | $902.3M | — | — |
| Q3 2008 | 2008-09-30 | $857.0M | — | — |
| Q2 2008 | 2008-06-30 | $857.3M | — | — |
Illinois Tool Works operating expenses trends
Over the last five fiscal years, Illinois Tool Works's operating expenses increased from $2.32B to $4.27B, a change of $1.96B. The latest reported quarter, Q2 2026, shows $1.12B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Illinois Tool Works source filings ↗