The load sharing performance of encased differential planetary system has a great impact on the operating performance and service life of the transmission system of the coaxial high speed helicopter. In order to improve the load-sharing performance of the gear pair, the influence of different floating spline structural parameters on the load sharing characteristics of the system was studied. Considering the manufacturing error, installation error, time varying meshing stiffness and other factors, the Lagrange equation is used to construct the dynamic model of encased differential planetary gear train with floating spline structure. The effects of input torque, spline clearance, spline shaft stiffness and spline friction coefficient on the load sharing performance of gear pairs were analyzed. The results show that the differential stage system has a better load sharing performance than the encased stage system. The increase of input torque helps to improve the load sharing performance of the system, and the improvement of the encased stage system is more obvious. The floating spline of sun gear of the encased stage has a greater impact on the load sharing performance of the system. Furthermore, increasing the floating spline clearance, reducing spline shaft stiffness or increasing the friction coefficient of the spline can improve the load sharing performance of the system overall.