Flex Ltd. Operating Income increased by 31.4% to $389.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.5%, from $334.00M to $389.00M. Over 3 years (FY 2022 to FY 2025), Operating Income shows an upward trend with a 6.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Growth in operating income suggests that the core business is becoming more profitable and efficient.
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
operating_income| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $255.00M | $237.00M | $251.00M | $228.00M | $272.00M | $325.00M | $321.00M | $223.00M | $291.00M | $376.00M | $348.00M | $159.00M | $233.00M | $297.00M | $334.00M | $305.00M | $311.00M | $296.00M | $389.00M |
| QoQ Change | — | -7.1% | +5.9% | -9.2% | +19.3% | +19.5% | -1.2% | -30.5% | +30.5% | +29.2% | -7.4% | -54.3% | +46.5% | +27.5% | +12.5% | -8.7% | +2.0% | -4.8% | +31.4% |
| YoY Change | — | — | — | — | +6.7% | +37.1% | +27.9% | -2.2% | +7.0% | +15.7% | +8.4% | -28.7% | -19.9% | -21.0% | -4.0% | +91.8% | +33.5% | -0.3% | +16.5% |
| Segment | Q3 '22 | Q4 '22 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 |
|---|---|---|---|---|---|---|---|---|
| FAS | $170.00M | $181.00M | $168.00M | $174.00M | $181.00M | $179.00M | $218.00M | $227.00M |
| FRS | $175.00M | $143.00M | $171.00M | $159.00M | $171.00M | $147.00M | $159.00M | $198.00M |
| Nextracker | $43.00M | $60.00M | $112.00M | $162.00M | — | — | — | — |
| Total | $325.00M | $321.00M | $376.00M | $348.00M | $159.00M | $233.00M | $297.00M | $334.00M |
FAS, FRS, Nextracker were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.