GLOBALFOUNDRIES Inc. (GFS) Income Tax Expense
The tax expense for GLOBALFOUNDRIES Inc. (GFS) is $23.00 Million with a year-over-year change of -75.00%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
GFS Tax Expense Chart
Current Tax Expense
$23.00M
$23.00 Million
Year-over-Year Change
-75.00%
vs. $92.00M prior year
Historical Data
8
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $23.00M | $-69.00M | -75.00% |
| 2024 | $92.00M | +$26.00M | +39.39% |
| 2023 | $66.00M | $-20.00M | -23.26% |
| 2022 | $86.00M | +$8.00M | +10.26% |
| 2021 | $78.00M | +$90.00M | +750.00% |
| 2020 | $-12.00M | $-236.06M | -105.36% |
| 2019 | $224.06M | +$207.62M | +1262.40% |
| 2018 | $16.45M | — | — |
About GLOBALFOUNDRIES Inc.
GLOBALFOUNDRIES Inc. operates as a prominent global semiconductor foundry, specializing in the creation of integrated circuits. These vital components are instrumental in powering a wide array of ubiquitous electronic devices. The company's diverse portfolio includes the manufacturing of various semiconductor devices, such as microprocessors, mobile application processors, baseband and network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems. Additionally, it offers comprehensive wafer fabrication services and advanced technological solutions. Established in 2009, the firm maintains its headquarters in Malta, New York.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Timothy Graham Breen