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CARRIER GLOBAL Corp Income Tax Expense 2018-2026 | CARR

Annual FY2018–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$240.0M

−77.4%YoY vs FY2024Source: 10-KFY2025

From $1.07B in FY2018 to $240.0M in FY2025: 0.2× in 7 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26−$96M−186.5%Not reportedNot reportedNot reported
FY25$111M+136.2%$162M+35.0%−$1M−100.6%−$32M−104.4%
FY24$47M−61.5%$120M−36.5%$172M−2.8%$723M+2090.9%
FY23$122M−59.5%$189M+11.2%$177M+28.3%$33M+371.4%
FY22$301M+189.4%$170M−27.4%$138M−52.1%$7M−90.4%
Share24%22%30%24%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionStable
CAGR

−22.3%

FY2020
$849.0M
FY2025
$240.0M

5 years selected · on the chart

01—History

Income Tax Expense History

Year-over-year comparison from 10-K annual reports

  8. $240.0M
YoY changeLargest recent move+103.8%in FY24Latest −77.4%

02—Ledger

Income Tax Expense, period by period

PeriodValueChangeSource
FY2025$240.0M−77.4%10-K
FY2024$1.06B+103.8%10-K
FY2023$521.0M−15.4%10-K
FY2022$616.0M−11.9%10-K
FY2021$699.0M−17.7%10-K
FY2020$849.0M+64.2%10-K
FY2019$517.0M−51.8%10-K
FY2018$1.07B—10-K

03—Questions

What is income tax expense?

Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.

What is CARRIER GLOBAL Corp's current income tax expense?

CARRIER GLOBAL Corp (CARR) annual income tax expense for 2025 was $240.0M, a 77.40% decline from 2024. CARRIER GLOBAL Corp income tax expense for the quarter ending March 31, 2026 was $-96.0M.

What was CARRIER GLOBAL Corp's income tax expense in 2024?

CARRIER GLOBAL Corp annual income tax expense for 2024 was $1.06B, a 103.84% increase from 2023.

What was CARRIER GLOBAL Corp's income tax expense in 2023?

CARRIER GLOBAL Corp annual income tax expense for 2023 was $521.0M, a 15.42% decline from 2022.

What is CARRIER GLOBAL Corp's 5-year income tax expense CAGR?

CARRIER GLOBAL Corp income tax expense grew at a compound annual growth rate (CAGR) of 22.33% from FY2020 to FY2025, going from $849.0M to $240.0M over 5 years.

Company
CARRIER GLOBAL Corp
Ticker
CARR
Sector
Other
Industry
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
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