TE Connectivity Ltd. (TEL) Income Tax Expense
The tax expense for TE Connectivity Ltd. (TEL) is $1.36 Billion with a year-over-year change of +442.82%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
TEL Tax Expense Chart
Current Tax Expense
$1.36B
$1.36 Billion
Year-over-Year Change
+442.82%
vs. $-397.00M prior year
Historical Data
24
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.36B | +$1.76B | +442.82% |
| 2024 | $-397.00M | $-761.00M | -209.07% |
| 2023 | $364.00M | +$58.00M | +18.95% |
| 2022 | $306.00M | +$183.00M | +148.78% |
| 2021 | $123.00M | $-660.00M | -84.29% |
| 2020 | $783.00M | +$798.00M | +5320.00% |
| 2019 | $-15.00M | +$329.00M | +95.64% |
| 2018 | $-344.00M | $-524.00M | -291.11% |
| 2017 | $180.00M | +$959.00M | +123.11% |
| 2016 | $-779.00M | $-1.12B | -331.16% |
| 2015 | $337.00M | +$191.00M | +130.82% |
| 2014 | $146.00M | +$221.00M | +294.67% |
| 2013 | $-75.00M | $-324.00M | -130.12% |
| 2012 | $249.00M | $-127.00M | -33.78% |
| 2011 | $376.00M | $-117.00M | -23.73% |
| 2010 | $493.00M | +$1.07B | +185.59% |
| 2009 | $-576.00M | $-1.13B | -203.23% |
| 2008 | $558.00M | +$64.00M | +12.96% |
| 2007 | $494.00M | +$400.00M | +425.53% |
| 2006 | $94.00M | $-266.00M | -73.89% |
| 2005 | $360.00M | $-45.00M | -11.11% |
| 2004 | $405.00M | $-370.00M | -47.74% |
| 2003 | $775.00M | +$588.00M | +314.44% |
| 2002 | $187.00M | — | — |
About TE Connectivity Ltd.
Operating globally across Europe, the Middle East & Africa, Asia Pacific, and the Americas, TE Connectivity Ltd. (TEL) specializes in the engineering and distribution of advanced connectivity and sensor technologies. The company structures its diverse operations into three primary business units: 1. Transportation Solutions: This segment delivers critical components such as terminals, sophisticated connector systems, various sensors, relays, antennas, heat shrink tubing, and specialized application tooling. These products are vital for the automotive, commercial vehicle, and broader sensor manufacturing sectors. 2. Industrial Solutions: This division provides an array of components including terminals, connector systems, heat shrink tubing, interventional medical devices, relays, and an assortment of wires and cables. Its extensive client base spans industries like aerospace, defense, oil & gas, general industrial equipment, medical devices, and energy. 3. Communications Solutions: Focused on electronic components, this unit supplies terminals, connector systems, relays, heat shrink tubing, and antennas, primarily serving the data & devices and appliance markets. TE Connectivity Ltd. distributes its offerings to customers in approximately 140 nations, predominantly through direct sales to original equipment manufacturers, supplemented by a network of third-party distributors. Established in 2000, the company is headquartered in Schaffhausen, Switzerland, and changed its name from Tyco Electronics Ltd. to TE Connectivity Ltd. in March 2011.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Heath A. Mitts