The financials
Trane Technologies by the numbers
Trane Technologies (TT) reported revenue of $6.35B in Q2 2026 (quarter ended June 30, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 36% and net income of $926M (15% of revenue). For the full year FY2025, revenue was $21.3B (+7.5% year on year) and net income $2.92B. Its largest product in 2023-Q2 was Equipment Sales at $2.53B, 52% of the disclosed total, just ahead of Service at 24%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $6.35B | $5.75B | +11% |
| Gross profit | $2.26B | $2.16B | +4.6% |
| Operating income | $1.22B | $1.16B | +5.2% |
| Net income | $926M | $875M | +5.8% |
| Diluted EPS | $4.16 | $3.89 | +6.9% |
| Product | Revenue | Share |
|---|---|---|
| Equipment Sales | $2.53B | 52% |
| Service | $1.17B | 24% |
| Services And Parts | $1.17B | 24% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.71B (+22%)
Service grew +8.9% year on year
Segment Latestquarter on quarteryear on year
- Service$1.71B$1.71BQoQ +22%year on year +8.9%+22%+8.9%