LOCKHEED MARTIN CORP Income Tax Expense 2007-2026 | LMT
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is LOCKHEED MARTIN CORP's current income tax expense?
LOCKHEED MARTIN CORP (LMT) annual income tax expense for 2025 was $905.0M, a 2.38% increase from 2024. LOCKHEED MARTIN CORP income tax expense for the quarter ending March 29, 2026 was $286.0M.
What was LOCKHEED MARTIN CORP's income tax expense in 2024?
LOCKHEED MARTIN CORP annual income tax expense for 2024 was $884.0M, a 24.96% decline from 2023.
What was LOCKHEED MARTIN CORP's income tax expense in 2023?
LOCKHEED MARTIN CORP annual income tax expense for 2023 was $1.18B, a 24.26% increase from 2022.
What is LOCKHEED MARTIN CORP's 5-year income tax expense CAGR?
LOCKHEED MARTIN CORP income tax expense grew at a compound annual growth rate (CAGR) of 7.65% from FY2020 to FY2025, going from $1.35B to $905.0M over 5 years.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR-7.6%
FY2020
$1.35B
→
FY2025
$905.0M
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5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $905.0M | +2.4% | 10-K |
| FY2024 | $884.0M | -25.0% | 10-K |
| FY2023 | $1.18B | +24.3% | 10-K |
| FY2022 | $948.0M | -23.2% | 10-K |
| FY2021 | $1.24B | -8.3% | 10-K |
| FY2020 | $1.35B | +33.2% | 10-K |
| FY2019 | $1.01B | +27.7% | 10-K |
| FY2018 | $792.0M | -76.4% | 10-K |
| FY2017 | $3.36B | +207.0% | 10-K |
| FY2016 | $1.09B | -6.8% | 10-K |
| FY2015 | $1.17B | -17.6% | 10-K |
| FY2014 | $1.42B | +18.2% | 10-K |
| FY2013 | $1.21B | -9.2% | 10-K |
| FY2012 | $1.33B | +37.7% | 10-K |
| FY2011 | $964.0M | -17.2% | 10-K |
| FY2010 | $1.16B | -4.2% | 10-K |
| FY2009 | $1.22B | -16.7% | 10-K |
| FY2008 | $1.46B | +9.3% | 10-K |
| FY2007 | $1.33B | - | 10-K |
Company: LOCKHEED MARTIN CORPTicker: LMTSector: OtherIndustry: Guided Missiles & Space Vehicles & PartsView company profile →