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Trane Technologies TT Service — Net revenues
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Where this comes from
Reported directly by Trane Technologies in its filing.
Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
The source filing: Trane Technologies’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 1:32 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001628280-26-028743
| In millions, except per share amounts | Three months ended / March 31, 2026 | Three months ended / March 31, 2025 |
|---|---|---|
| Net revenues | $4,969.4 | $4,688.5 |
| Cost of goods sold | (3,241.3) | (3,011.0) |
| Selling and administrative expenses | (952.0) | (858.6) |
| Operating income | 776.1 | 818.9 |
| Interest expense | (55.6) | (58.1) |
| Other income/(expense), net | 15.3 | (7.9) |
| Earnings before income taxes | 735.8 | 752.9 |
| Provision for income taxes | (136.3) | (134.9) |
Item 1.Financial Statements
FAQ
- What is Trane Technologies's service — net revenues?
- Trane Technologies (TT) reported service — net revenues of $1.73B in Q1 2026.
- How has Trane Technologies's service — net revenues changed year-over-year?
- Trane Technologies's service — net revenues increased by 13.9% year-over-year, from $1.52B to $1.73B.
- What is the long-term trend for Trane Technologies's service — net revenues?
- Over 3 years (2021 to 2025), Trane Technologies's service — net revenues has grown at a 16.5% compound annual growth rate (CAGR), from $4.64B to $7.34B.
- What does service — net revenues mean?
- This metric captures the total gross revenue generated specifically from the service, maintenance, and aftermarket parts segment of the business. It reflects the company's ability to monetize its installed base of HVAC and refrigeration equipment through recurring service contracts and parts sales. Growth in this area is a key indicator of customer retention and the stability of the company's long-term revenue streams.
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