What is Carrier Global's income tax?

Carrier Global (CARR) reported income tax of -$96M in Q1 2026.

How has Carrier Global's income tax changed year-over-year?

Carrier Global's income tax decreased by 186.5% year-over-year, from $111M to -$96M.

What is the long-term trend for Carrier Global's income tax?

Over 3 years (2021 to 2024), Carrier Global's income tax has grown at a 15.0% compound annual growth rate (CAGR), from $699M to $1.06B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Carrier Global CARR Income Tax

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Other financials

Income statement

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Revenue$5.3B+2.4%

Gross profit$1.5B+15.9%

Operating income$259.0M-58.8%

Net income$238.0M-42.2%

EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%

Total debt$12.8B+9.6%

Total equity$13.8B-2.8%

Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%

CapEx$94.0M+49.2%

Free cash flow-$15.0M-104%

Valuation

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Market cap$61.12B-1.6%

Enterprise value$72.6B+0.4%

P/E46.7×+31.1×

P/S2.8×0.0×

Profitability

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Gross margin26.6%-0.6pp

Operating margin8.2%-4.7pp

Net margin6%-19.8pp

FCF margin7.7%—

Returns & leverage

See full

Return on equity9.4%-34.7pp

Debt / equity0.9×+0.1×

Current ratio1.1×-0.2×

Where this comes from

Reported directly by Carrier Global in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Carrier Global’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's income tax?: Carrier Global (CARR) reported income tax of -$96M in Q1 2026.
How has Carrier Global's income tax changed year-over-year?: Carrier Global's income tax decreased by 186.5% year-over-year, from $111M to -$96M.
What is the long-term trend for Carrier Global's income tax?: Over 3 years (2021 to 2024), Carrier Global's income tax has grown at a 15.0% compound annual growth rate (CAGR), from $699M to $1.06B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.