TE Connectivity Ltd. (TEL) Income Statement
TEL FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsTEL revenue and net income
Where TEL's revenue goes
FY2025Each bar shows an amount and its share of revenue. TEL kept 10.8% of revenue as net income.
TEL profit margins
TEL growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.9% | +1.6% | +7.0% | +3.4% |
| Gross profit | +8.2% | +4.8% | +10.0% | +4.0% |
| Operating income | +14.8% | +3.9% | +12.5% | +5.1% |
| Net income | −42.3% | −8.8% | — | +3.4% |
| EPS (diluted) | +15.9% | +6.2% | +15.6% | +9.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TEL quarterly EPS vs estimates
TE Connectivity beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $3.08).
TEL income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.09B | $15.85B | $16.03B | $16.28B | $14.92B | $12.17B | $13.45B | $13.99B | $13.11B | $12.24B |
| Cost of revenue | $11.18B | $10.39B | $11.05B | $11.15B | $10.19B | $8.51B | $9.13B | $9.32B | $8.06B | $8.28B |
| Gross profit | $5.91B | $5.46B | $4.98B | $5.13B | $4.73B | $3.66B | $4.32B | $4.67B | $4.12B | $3.96B |
| Research & development | $829.0M | $741.0M | $593.0M | $610.0M | $612.0M | $539.0M | $572.0M | $606.0M | $548.0M | $566.0M |
| Sales, general & admin | $1.87B | $1.73B | $1.67B | $1.58B | $1.51B | $1.39B | $1.49B | $1.59B | $1.54B | $1.40B |
| Total operating expenses | $2.69B | $2.66B | $2.26B | $2.26B | $2.12B | $1.88B | $2.13B | $2.22B | $2.03B | $2.03B |
| Operating income | $3.21B | $2.80B | $2.72B | $2.87B | $2.61B | $1.78B | $2.19B | $2.45B | $2.09B | $1.93B |
| Interest income | $83.0M | $87.0M | $60.0M | $51.0M | $17.0M | $33.0M | $19.0M | $92.0M | $20.0M | $110.0M |
| Interest expense | $77.0M | $70.0M | $80.0M | $66.0M | $56.0M | $48.0M | $68.0M | $107.0M | $130.0M | $127.0M |
| Income before taxes | $3.20B | $2.80B | $2.27B | $2.73B | $2.38B | $524.0M | $1.93B | $2.24B | $1.93B | $1.16B |
| Income taxes | $1.36B | −$397.0M | $364.0M | $306.0M | $123.0M | $783.0M | −$15.0M | −$344.0M | $180.0M | −$779.0M |
| Net income | $1.84B | $3.19B | $1.91B | $2.43B | $2.26B | −$241.0M | $1.93B | $2.57B | $1.68B | $1.98B |
| EBITDA | $4.12B | $3.69B | $3.14B | $3.58B | $3.20B | $1.28B | $2.69B | $3.01B | $2.46B | $1.87B |
| EPS (diluted) | $8.76 | $7.56 | $6.73 | $7.31 | $6.52 | $4.25 | $5.54 | $5.63 | $4.83 | $4.09 |
| Gross margin | 34.6% | 34.4% | 31.1% | 31.5% | 31.7% | 30.1% | 32.1% | 33.4% | 31.4% | 32.3% |
| Operating margin | 18.8% | 17.6% | 16.9% | 17.6% | 17.5% | 14.6% | 16.3% | 17.5% | 15.9% | 15.7% |
| Net margin | 10.8% | 20.2% | 11.9% | 14.9% | 15.2% | −2.0% | 14.4% | 18.4% | 12.8% | 16.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.16B | $4.74B | $4.67B | $4.58B | $4.53B | $4.14B | $3.84B | $4.07B | $3.98B | $3.97B | $3.83B | $4.04B |
| Cost of revenue | $3.33B | $3.00B | $2.93B | $3.11B | $2.93B | $2.68B | $2.48B | $2.69B | $2.58B | $2.60B | $2.50B | $2.75B |
| Gross profit | $1.83B | $1.75B | $1.74B | $1.47B | $1.60B | $1.46B | $1.36B | $1.38B | $1.39B | $1.36B | $1.33B | $1.29B |
| Research & development | $230.0M | $237.0M | $225.0M | $227.0M | $211.0M | $203.0M | $188.0M | $195.0M | $189.0M | $184.0M | $173.0M | $174.0M |
| Sales, general & admin | $532.0M | $536.0M | $538.0M | $494.0M | $491.0M | $454.0M | $427.0M | $433.0M | $431.0M | $444.0M | $424.0M | $412.0M |
| Total operating expenses | $854.0M | $791.0M | $763.0M | $721.0M | $702.0M | $711.0M | $670.0M | $732.0M | $620.0M | $628.0M | $597.0M | $586.0M |
| Operating income | $981.0M | $954.0M | $976.0M | $744.0M | $898.0M | $748.0M | $690.0M | $651.0M | $774.0M | $735.0M | $731.0M | $703.0M |
| Interest income | $21.0M | $21.0M | $5.0M | $21.0M | $11.0M | $22.0M | $23.0M | $26.0M | $20.0M | $19.0M | $22.0M | $21.0M |
| Interest expense | $31.0M | $32.0M | $30.0M | $29.0M | $28.0M | $14.0M | $6.0M | $15.0M | $18.0M | $19.0M | $18.0M | $19.0M |
| Income before taxes | $971.0M | $942.0M | $961.0M | $897.0M | $846.0M | $755.0M | $706.0M | $657.0M | $754.0M | $687.0M | $699.0M | $634.0M |
| Income taxes | $223.0M | $87.0M | $211.0M | $233.0M | $208.0M | $742.0M | $178.0M | $381.0M | $181.0M | $146.0M | −$1.10B | $81.0M |
| Net income | $748.0M | $855.0M | $750.0M | $663.0M | $638.0M | $13.0M | $528.0M | $276.0M | $573.0M | $541.0M | $1.80B | $552.0M |
| EBITDA | $1.33B | $1.20B | $1.25B | $1.17B | $1.09B | $961.0M | $898.0M | $904.0M | $980.0M | $898.0M | $911.0M | $876.0M |
| EPS (diluted) | $2.94 | $2.73 | $2.72 | $2.44 | $2.27 | $2.10 | $1.95 | $1.95 | $1.91 | $1.86 | $1.84 | $1.78 |
| Gross margin | 35.6% | 36.8% | 37.2% | 32.0% | 35.3% | 35.2% | 35.5% | 34.0% | 35.0% | 34.4% | 34.7% | 31.9% |
| Operating margin | 19.0% | 20.1% | 20.9% | 16.3% | 19.8% | 18.1% | 18.0% | 16.0% | 19.5% | 18.5% | 19.1% | 17.4% |
| Net margin | 14.5% | 18.0% | 16.1% | 14.5% | 14.1% | 0.3% | 13.8% | 6.8% | 14.4% | 13.6% | 47.1% | 13.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TEL's financial statements (latest annual report filed November 10, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TEL financial results
In fiscal year 2025 (ended September 30, 2025), TE Connectivity reported revenue of $17.1 billion, up 7.9% from the year before. It had net income of $1.8 billion (down 42.3%), a net profit margin of 10.8%. Diluted earnings per share came to $8.76. Over five years revenue grew at an average rate of 7.0% a year.
See the TEL stock overview for the latest quote and news, or the TEL chart for price history and technical indicators.
TEL income statement FAQ
What is TE Connectivity's annual revenue?
TE Connectivity reported total revenue of $17.1 billion for fiscal year 2025, which ended on September 30, 2025. That was up 7.9% from $15.8 billion the previous year.
Is TE Connectivity profitable?
Yes. TE Connectivity reported net income of $1.8 billion in fiscal 2025, a net profit margin of 10.8%; its operating margin was 18.8%.
What is TE Connectivity's gross margin?
TE Connectivity's gross margin was 34.6% in fiscal 2025: for every $100 of revenue, TE Connectivity kept $35 after the direct cost of its products and services.
How much does TE Connectivity spend on research and development?
TE Connectivity spent $829.0 million on research and development in fiscal 2025, 4.9% of revenue.
How fast is TE Connectivity growing?
Revenue grew 7.0% a year on average over the last five fiscal years, from $12.2 billion to $17.1 billion.
What are TE Connectivity's earnings per share?
TE Connectivity earned $8.76 per diluted share in fiscal 2025, compared with $7.56 a year earlier.
When will TE Connectivity report its next earnings?
TE Connectivity is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does TE Connectivity's fiscal year end?
TE Connectivity's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 10, 2025.