Flex (FLEX) is trading down at $98.50 (-1.84%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Flex revenue & net income history (FY2017–FY2026)
| FY2017Mar 2017 | FY2018Mar 2018 | FY2019Mar 2019 | FY2020Mar 2020 | FY2021Mar 2021 | FY2022Mar 2022 | FY2023Mar 2023 | FY2024Mar 2024 | FY2025Mar 2025 | FY2026Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $23.9B | $25.4B | $26.2B | $24.2B | $24.1B | $24.6B | $28.5B | $26.4B | $25.8B | $27.9B |
| Growth (year over year) | −2.3% | +6.6% | +3.0% | −7.6% | −0.4% | +2.1% | +15.7% | −7.3% | −2.3% | +8.1% |
| Gross profit | $1.52B | $1.60B | $1.52B | $1.34B | $1.69B | $1.78B | $1.98B | $1.86B | $2.16B | $2.57B |
| Gross margin | 6.4% | 6.3% | 5.8% | 5.5% | 7.0% | 7.2% | 6.9% | 7.1% | 8.4% | 9.2% |
| Operating income | — | — | — | $415.0M | $795.0M | $890.0M | $1.02B | $853.0M | $1.17B | $1.37B |
| Operating margin | — | — | — | 1.7% | 3.3% | 3.6% | 3.6% | 3.2% | 4.5% | 4.9% |
| Net income | $319.6M | $428.5M | $93.0M | $88.0M | $613.0M | $936.0M | $793.0M | $1.01B | $838.0M | $880.0M |
| Net margin | 1.3% | 1.7% | 0.4% | 0.4% | 2.5% | 3.8% | 2.8% | 3.8% | 3.2% | 3.2% |
| EPS (diluted) | $0.59 | $0.80 | $0.18 | $0.17 | $1.21 | $1.94 | $1.72 | $2.28 | $2.11 | $2.33 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.83B | $1.47B | $1.70B | $1.92B | $2.64B | $2.96B | $3.16B | $2.47B | $2.29B | $2.39B |
| Total assets | $12.6B | $13.7B | $13.5B | $13.7B | $15.8B | $19.3B | $21.4B | $18.3B | $18.4B | $22.1B |
| Total liabilities | $9.92B | $10.7B | $10.5B | $10.9B | $12.4B | $15.1B | $15.7B | $12.9B | $13.4B | $16.9B |
| Long-term debt | $2.89B | $2.90B | $2.42B | $2.69B | $3.52B | $3.25B | $3.54B | $3.26B | $2.48B | $3.75B |
| Shareholders' equity | $2.64B | $3.02B | $2.97B | $2.83B | $3.44B | $4.13B | $5.35B | $5.33B | $5.00B | $5.14B |
| Cash flow | ||||||||||
| Operating cash flow | −$3.82B | −$3.87B | −$2.97B | −$1.53B | $144.0M | $1.02B | $950.0M | $1.33B | $1.50B | $1.69B |
| Capital expenditure | $525.1M | $562.0M | $726.0M | $462.0M | $351.0M | $443.0M | $635.0M | $530.0M | $438.0M | $633.0M |
| Free cash flow | −$4.35B | −$4.43B | −$3.70B | −$2.00B | −$207.0M | $581.0M | $315.0M | $796.0M | $1.07B | $1.05B |
| Share buybacks | $349.5M | $180.1M | $189.0M | $260.0M | $183.0M | $686.0M | $337.0M | $1.30B | $1.26B | $944.0M |
| Q2 FY25Sep 2024 | Q3 FY25Dec 2024 | Q4 FY25†Mar 2025 | Q1 FY26Jun 2025 | Q2 FY26Sep 2025 | Q3 FY26Dec 2025 | Q4 FY26†Mar 2026 | Q1 FY27Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $6.54B | $6.56B | $6.40B | $6.58B | $6.80B | $7.06B | $7.48B | $7.93B |
| Growth (year over year) | −5.6% | +2.1% | +3.7% | +4.1% | +4.0% | +7.7% | +16.9% | +20.6% |
| Gross profit | $531.0M | $594.0M | $563.0M | $572.0M | $614.0M | $679.0M | $702.0M | $747.0M |
| Gross margin | 8.1% | 9.1% | 8.8% | 8.7% | 9.0% | 9.6% | 9.4% | 9.4% |
| Operating income | $297.0M | $334.0M | $305.0M | $311.0M | $296.0M | $389.0M | $372.0M | $392.0M |
| Operating margin | 4.5% | 5.1% | 4.8% | 4.7% | 4.4% | 5.5% | 5.0% | 4.9% |
| Net income | $214.0M | $263.0M | $222.0M | $192.0M | $199.0M | $239.0M | $250.0M | $285.0M |
| Net margin | 3.3% | 4.0% | 3.5% | 2.9% | 2.9% | 3.4% | 3.3% | 3.6% |
| EPS (diluted) | $0.54 | $0.67 | $0.56 | $0.50 | $0.52 | $0.64 | $0.67 | $0.76 |
| Balance sheet | ||||||||
| Cash and equivalents | $2.60B | $2.31B | $2.29B | $2.24B | $2.25B | $3.06B | $2.39B | $2.84B |
| Total assets | $18.6B | $18.3B | $18.4B | $19.1B | $19.5B | $20.8B | $22.1B | $25.2B |
| Total liabilities | $13.6B | $13.3B | $13.4B | $14.0B | $14.5B | $15.7B | $16.9B | $19.7B |
| Long-term debt | $3.18B | $3.15B | $2.48B | $3.00B | $3.01B | $3.76B | $3.75B | $5.22B |
| Shareholders' equity | $5.00B | $4.99B | $5.00B | $5.09B | $5.04B | $5.12B | $5.14B | $5.50B |
| Cash flow | ||||||||
| Operating cash flow | $319.0M | $413.0M | $433.0M | $399.0M | $453.0M | $420.0M | $413.0M | $276.0M |
| Capital expenditure | $103.0M | $112.0M | $112.0M | $133.0M | $150.0M | $148.0M | $202.0M | $236.0M |
| Free cash flow | $216.0M | $301.0M | $321.0M | $266.0M | $303.0M | $272.0M | $211.0M | $40.0M |
| Share buybacks | $300.0M | $201.0M | $299.0M | $247.0M | $297.0M | $200.0M | $200.0M | $0 |
From Flex's 10-K and 10-Q filings with the SEC; its fiscal year ends in March. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Flex
Flex Ltd. is a Singapore-domiciled multinational manufacturing company. It is the world's third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, and employs about 172,000 people.
- Headquarters
- Austin, Texas From SEC filings, Oct 2026
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