ABB Ltd (ABBNY) Income Tax Expense
The tax expense for ABB Ltd (ABBNY) is $1.57 Billion with a year-over-year change of +22.85%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
ABBNY Tax Expense Chart
Current Tax Expense
$1.57B
$1.57 Billion
Year-over-Year Change
+22.85%
vs. $1.28B prior year
Historical Data
27
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.57B | +$292.00M | +22.85% |
| 2024 | $1.28B | +$348.00M | +37.42% |
| 2023 | $930.00M | +$173.00M | +22.85% |
| 2022 | $757.00M | $-300.00M | -28.38% |
| 2021 | $1.06B | +$561.00M | +113.10% |
| 2020 | $496.00M | $-276.00M | -35.75% |
| 2019 | $772.00M | +$228.00M | +41.91% |
| 2018 | $544.00M | $-316.00M | -36.74% |
| 2017 | $860.00M | +$70.00M | +8.86% |
| 2016 | $790.00M | +$2.00M | +0.25% |
| 2015 | $788.00M | $-414.00M | -34.44% |
| 2014 | $1.20B | +$80.00M | +7.13% |
| 2013 | $1.12B | +$92.00M | +8.93% |
| 2012 | $1.03B | $-214.00M | -17.20% |
| 2011 | $1.24B | +$226.00M | +22.20% |
| 2010 | $1.02B | +$17.00M | +1.70% |
| 2009 | $1.00B | $-118.00M | -10.55% |
| 2008 | $1.12B | +$524.00M | +88.07% |
| 2007 | $595.00M | $-102.00M | -14.63% |
| 2006 | $697.00M | +$215.00M | +44.61% |
| 2005 | $482.00M | +$171.00M | +54.98% |
| 2004 | $311.00M | +$233.00M | +298.72% |
| 2003 | $78.00M | $-5.00M | -6.02% |
| 2002 | $83.00M | $-22.00M | -20.95% |
| 2001 | $105.00M | $-272.00M | -72.15% |
| 2000 | $377.00M | +$34.00M | +9.91% |
| 1999 | $343.00M | — | — |
About ABB Ltd
ABB Ltd, established in 1883 and headquartered in Zurich, Switzerland, operates as a global technology pioneer, delivering electrification, automation, robotics, and motion products and solutions. The company caters to a diverse international clientele across utilities, industrial, transportation, and infrastructure sectors. Its Electrification segment provides a comprehensive array of offerings, including electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, various types of switchgear and panel boards, UPS systems, circuit breakers, measuring and sensing devices, control products, wiring accessories, and advanced intelligent home and building solutions. The Robotics & Discrete Automation segment specializes in industrial robots, specialized software, autonomous mobile robotics, and complete robotic solutions, alongside field services, spare parts, and digital support. This segment also incorporates programmable logic controllers, industrial PCs, servo motion control, advanced transport systems, and machine vision into its technological solutions. The Motion segment is dedicated to designing, manufacturing, and marketing drives, motors, generators, and traction converters, all of which are instrumental in fostering a low-carbon future for industries, urban environments, infrastructure projects, and transportation systems. Finally, ABB's Process Automation segment develops and supplies critical control technologies, sophisticated process control software, manufacturing execution systems, and a broad spectrum of sensing, measurement, and analytical instrumentation. This segment also provides marine propulsion systems and turbochargers, augmented by essential services such as remote monitoring, preventive maintenance, asset performance management, emission monitoring, and cybersecurity. The firm's expansive customer base encompasses a multitude of industries, including aluminum, automotive, battery manufacturing, buildings and infrastructure, cement, chemical, data centers, food and beverage, life sciences, marine, mining, oil and gas, ports, power generation, printing, pulp and paper, railway, smart cities, water management, and wind power.
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- CEO
- Morten Wierod