Illinois Tool Works Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 28, 2026, reporting third-quarter operating revenue of $4,236 million and net income of $855 million.

Key Highlights

  • Quarterly revenue: Operating revenue for the three months ended September 30, 2026 was $4,236 million, compared with $4,059 million in the same period of 2025, according to the filing.
  • Quarterly net income: Net income for the third quarter of 2026 was $855 million, up from $821 million in the third quarter of 2025, the company reported.
  • Diluted earnings per share: Diluted net income per share was $3.00 for the three months ended September 30, 2026, versus $2.81 in the prior-year quarter.
  • Nine-month results: For the nine months ended September 30, 2026, the company reported operating revenue of $12,553 million and net income of $2,438 million, per the filing.
  • Share repurchases: The company repurchased $1,312 million of common stock during the nine months ended September 30, 2026, the filing disclosed.
  • Dividends declared: The filing shows dividends declared of $4.94 per share for the nine months ended September 30, 2026, resulting in a charge of $1,411 million to retained earnings.
  • Shares outstanding: As of September 30, 2026, there were 284.2 million shares of common stock outstanding, according to the filing.

Illinois Tool Works Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the Form 10-Q filed with the SEC for the period ending September 30, 2026, Illinois Tool Works Inc. (NYSE:ITW), a Delaware-incorporated manufacturer headquartered in Glenview, Illinois, reported operating income of $1,177 million for the third quarter of 2026, compared with $1,112 million for the same quarter in 2025. Interest expense for the quarter was $83 million, and income taxes were $276 million, leaving net income of $855 million. Basic earnings per share for the quarter were $3.00, with average shares outstanding of 284.6 million.

For the nine-month period ended September 30, 2026, the filing reported operating revenue of $12,553 million and operating income of $3,344 million, versus $11,951 million and $3,131 million, respectively, in the comparable prior-year period. Net income for the nine months was $2,438 million, producing diluted earnings per share of $8.49, compared with $7.77 in the nine months ended September 30, 2025. Comprehensive income for the nine-month period was $2,547 million, which included other comprehensive income of $109 million, primarily from foreign currency translation adjustments of $106 million, net of tax.

The Statement of Financial Position as of September 30, 2026 showed total assets of $16,497 million and total stockholders' equity of $3,142 million. Long-term debt stood at $7,153 million, compared with $6,683 million at December 31, 2025. Retained earnings were $31,177 million as of September 30, 2026. During the nine months ended September 30, 2026, the company spent $1,312 million repurchasing common stock and recorded stock-based compensation expense of $60 million, the filing stated.

What Was Disclosed

Illinois Tool Works filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing income statement results, balance sheet data, comprehensive income, changes in stockholders' equity including share repurchases and dividends, and cash flow information for the period.