Income tax expense · 2015–2025
Fortis income tax expense
$281M+11.3% · FY2025
Fortis (FTS) reported $281M in income tax expense for fiscal 2025, +11.3% year on year.
| Fiscal year | Income tax expense | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $281M | +11.3% | Open → |
| FY20242024-12-31 | $253M | −5.3% | Open → |
| FY20232023-12-31 | $267M | +20.0% | Open → |
| FY20222022-12-31 | $222M | +19.0% | Open → |
| FY20212021-12-31 | $187M | +8.2% | Open → |
| FY20202020-12-31 | $172M | −20.8% | Open → |
| FY20192019-12-31 | $218M | +70.9% | Open → |
| FY20182018-12-31 | $127M | −71.9% | Open → |
| FY20172017-12-31 | $454M | +314.2% | Open → |
| FY20162016-12-31 | $109M | −37.2% | Open → |
| FY20152015-12-31 | $174M | — | Open → |
Income tax expense — Income tax expense is the tax a company charged against profit in its income statement for the year. It is not the same as the cash it handed to tax authorities: deferred tax, provisions and timing differences separate the two, often by billions. The cash figure is a different line in the cash-flow statement.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2015–2025 compound annual growth +4.9%
Figures are reported under US GAAP in CAD and converted to US dollars at ECB reference rates — fiscal 2025 average 1.397 CAD/$ for income items, year-end 1.369 CAD/$ for balance-sheet items.
Income tax expense at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Fortis income tax expense |url=https://companiesranked.com/en/company/fortis/income-tax-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Fortis income tax expense. CompaniesRanked. https://companiesranked.com/en/company/fortis/income-tax-expenseBibTeX
@misc{companiesranked-en-company-fortis-income-tax-expense-2026,
author = {{CompaniesRanked}},
title = {{Fortis income tax expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/fortis/income-tax-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 40-F · 0001666175-26-000013 · February 12, 2026
{{cite web |title=Fortis income tax expense — 40-F (0001666175-26-000013) |url=https://www.sec.gov/Archives/edgar/data/1666175/000166617526000013/fts-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-12}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.