A speaker includes a terminal assembly. The speaker includes a magnetic circuit system and a voice coil, and two leads are extended into the voice coil. The terminal assembly is located at a shaft hollow portion of the magnetic circuit system, and the terminal assembly includes a first part, a second part, and two wires. The first part has a T shape, and a T-shaped top portion is attached to an upper plate of the speaker. An upper portion of the second part is correspondingly engaged with a lower portion of the first part. The two wires pass through the first part and the second part, and the two leads are respectively connected to the two wires on the top portion of the first part.