Yup. Like everything else on the face of the earth, condoms too, have an expiry date. A regular latex condom can last up to six years, but don’t just take our word for it - check the expiry date every time before use. What happens when a condom is expired? It will begin to lose strength and flexibility, and are more likely to break, affecting it effectiveness in preventing pregnancy and STDs.

Reference: http://www.enkivillage.com/do-condoms-expire.html/