TEL · 10-K · 2026A · Full report

Income Tax Rate Changes

TE Connectivity plc · 2026-11-09 · Importance 57 · Surprise 64

The effective income tax rate decreased to 17.6% in fiscal 2026 from 42.5% in fiscal 2025, a decline of 24.9 percentage points. Fiscal 2026 income tax expense was $666 million lower than fiscal 2025. The filing directs readers to Note 15 for additional information about income taxes but does not state the specific drivers of the year-over-year rate change in this MD&A section.

Key facts

• TE Connectivity plc’s fiscal 2026 effective tax rate was 17.6%, compared with 42.5% in fiscal 2025. source
• TE Connectivity plc faces a risk that global legislative proposals and other initiatives could materially increase its worldwide corporate effective tax rate and global cash taxes, and negatively impact its U.S. government contracts business. source
• Changes in tax laws and rates could affect TE Connectivity plc’s recorded deferred tax assets and liabilities in the future. source