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Flex Ltd. Income Statement

Revenue, expenses, and profitability over time

Flex Ltd. generated $26.8B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $852.0M with a 3.17% net margin. Gross margin stands at 9.05% and operating margin at 4.85%. Diluted EPS is $2.23, which declined 0.1% year-over-year. Based on the Q4 2025 filing.

Total Revenue (TTM)$26.8BGross Profit (TTM)$2.4BOperating Income (TTM)$1.3BNet Income (TTM)$852.0MEps Diluted (TTM)$2.23
Latest FilingQ4 2025
Report Date2026-02-06
Market Cap$51.4B
P/E Ratio60.28
ROE16.85%

Operating Expenses

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Amortization expense$16.0M$17.0M$21.0M$21.0M$16.0M$15.0M
Impairment and restructuring$2.0M$2.0M——$42.0M$5.0M
Selling, general and administrative$216.0M$241.0M$234.0M$233.0M$260.0M$270.0M

Earnings Per Share

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Basic earnings per share$0.54$0.68$0.58$0.51$0.53$0.65
Diluted earnings per share$0.54$0.67$0.57$0.50$0.52$0.64
Weighted-average shares, basic394M387M381M374M374M369M
Weighted-average shares, diluted400M394M389M381M380M376M

Other Income & Expense

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income from equity method investments-$4.0M$0.0$0.0-$20.0M-$5.0M-$1.0M
Interest expense$53.0M$57.0M$52.0M$51.0M$52.0M$58.0M

Operating Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Gross profit$531.0M$594.0M$563.0M$572.0M$614.0M$679.0M
Operating income$297.0M$334.0M$305.0M$311.0M$296.0M$389.0M

Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income tax expense$50.0M$25.0M$57.0M$54.0M$63.0M$81.0M

Net Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Net income$214.0M$263.0M$222.0M$192.0M$199.0M$239.0M

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Interest income and other, net$16.0M$16.0M$13.0M$13.0M$10.0M$15.0M
Other income, net (Note 6)$4.0M-$5.0M$16.0M-$7.0M$13.0M-$25.0M
Restructuring charges$16.0M$10.0M$28.0M$16.0M$9.0M$6.0M

Cost of Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Total cost of revenue$6.0B$6.0B$5.8B$6.0B$6.2B$6.4B

Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Total revenue$6.5B$6.6B$6.4B$6.6B$6.8B$7.1B