TE Connectivity plc
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.89B | $17.26B | $15.85B | $16.03B | $16.28B | $14.92B | $12.17B | $13.45B |
| Cost of Revenue | $12.68B | $11.18B | $10.39B | $10.98B | $11.04B | $10.04B | $8.44B | $9.05B |
| Gross Profit | $7.21B | $6.08B | $5.46B | $5.06B | $5.24B | $4.89B | $3.74B | $4.39B |
| Gross Margin | 36.2% | 35.2% | 34.4% | 31.5% | 32.2% | 32.7% | 30.7% | 32.7% |
| Operating Expenses | ||||||||
| Research & Development | $803.0M | $699.0M | $621.0M | $593.0M | $610.0M | $612.0M | $539.0M | $572.0M |
| SG&A Expense | $2.12B | $1.87B | $1.73B | $1.67B | $1.58B | $1.51B | $1.39B | $1.49B |
| Operating Income | $3.99B | $3.21B | $2.80B | $2.30B | $2.76B | $2.43B | $537.0M | $1.98B |
| Operating Margin | 20.1% | 18.6% | 17.6% | 14.4% | 16.9% | 16.3% | 4.4% | 14.7% |
| Interest Expense | — | — | — | $80.0M | $66.0M | $56.0M | $48.0M | $68.0M |
| Pretax Income | $3.95B | $3.20B | $2.80B | $2.27B | $2.73B | $2.38B | $524.0M | $1.93B |
| Income Tax Expense | $695.0M | $1.36B | $-397.0M | $364.0M | $306.0M | $123.0M | $783.0M | $-15.0M |
| Net Income | $3.25B | $1.84B | $3.19B | $1.91B | $2.43B | $2.26B | $-241.0M | $1.84B |
| Net Margin | 16.4% | 10.7% | 20.2% | 11.9% | 14.9% | 15.2% | -2.0% | 13.7% |
| EPS (Basic) | $11.14 | $6.20 | $10.40 | $6.06 | $7.52 | $6.85 | $-0.73 | $5.46 |
| EPS (Diluted) | $11.06 | $6.16 | $10.33 | $6.03 | $7.47 | $6.79 | $-0.73 | $5.42 |
| Shares Outstanding (Basic) | 292.0M | 297.0M | 307.0M | 315.0M | 323.0M | 330.0M | 332.0M | 338.0M |
| Shares Outstanding (Diluted) | 294.0M | 299.0M | 309.0M | 317.0M | 325.0M | 333.0M | 332.0M | 340.0M |
| Dividends Per Share | $3.05 | $2.72 | $2.48 | $2.30 | $2.12 | $1.96 | $1.88 | $1.80 |