GE Aerospace (GE) Income Tax Expense
The tax expense for GE Aerospace (GE) is $1.41 Billion with a year-over-year change of +46.05%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
GE Tax Expense Chart
Current Tax Expense
$1.41B
$1.41 Billion
Year-over-Year Change
+46.05%
vs. $962.00M prior year
Historical Data
30
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.41B | +$443.00M | +46.05% |
| 2024 | $962.00M | $-32.00M | -3.22% |
| 2023 | $994.00M | +$825.00M | +488.17% |
| 2022 | $169.00M | +$926.00M | +122.32% |
| 2021 | $-757.00M | $-270.00M | -55.44% |
| 2020 | $-487.00M | $-1.04B | -188.22% |
| 2019 | $552.00M | +$459.00M | +493.55% |
| 2018 | $93.00M | +$2.90B | +103.31% |
| 2017 | $-2.81B | $-1.68B | -147.84% |
| 2016 | $-1.13B | $-7.62B | -117.47% |
| 2015 | $6.49B | +$5.71B | +738.94% |
| 2014 | $773.00M | $-446.00M | -36.59% |
| 2013 | $1.22B | $-1.31B | -51.89% |
| 2012 | $2.53B | $-3.21B | -55.89% |
| 2011 | $5.75B | +$4.71B | +452.94% |
| 2010 | $1.04B | +$2.19B | +190.51% |
| 2009 | $-1.15B | $-2.25B | -204.17% |
| 2008 | $1.10B | $-3.05B | -73.48% |
| 2007 | $4.16B | +$211.00M | +5.35% |
| 2006 | $3.94B | +$120.00M | +3.14% |
| 2005 | $3.82B | +$128.00M | +3.46% |
| 2004 | $3.70B | $-149.00M | -3.88% |
| 2003 | $3.85B | +$87.00M | +2.32% |
| 2002 | $3.76B | $-1.81B | -32.57% |
| 2001 | $5.57B | $-138.00M | -2.42% |
| 2000 | $5.71B | +$851.00M | +17.51% |
| 1999 | $4.86B | +$679.00M | +16.24% |
| 1998 | $4.18B | +$1.21B | +40.49% |
| 1997 | $2.98B | $-550.00M | -15.60% |
| 1996 | $3.53B | — | — |
About GE Aerospace
Based in Evendale, Ohio, GE Aerospace is a prominent American aviation enterprise with roots tracing back to its 1878 founding by Thomas Alva Edison. The company specializes in manufacturing and supplying jet and turboprop engines, along with integrated systems, for an extensive range of aircraft, including those in commercial, military, business, and general aviation use. Its robust brand lineup features Avio Aero, Unison, GE Additive, and Dowty Propellers. GE Aerospace organizes its activities into two core segments: Commercial Engines & Services, and Defense & Propulsion Technologies. The Commercial Engines & Services division oversees the design, development, production, and maintenance of jet engines for commercial airframes, business aviation, and aeroderivative applications. Meanwhile, the Defense & Propulsion Technologies segment is dedicated to providing vital engines and critical systems for defense-related aerospace needs.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- H. Lawrence Culp Jr.