Flex Ltd. (FLEX) Income Statement
FLEX FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsFLEX revenue and net income
Where FLEX's revenue goes
FY2026Each bar shows an amount and its share of revenue. FLEX kept 3.2% of revenue as net income.
FLEX profit margins
FLEX growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.1% | −0.7% | +3.0% | +1.3% |
| Gross profit | +18.5% | +9.0% | +8.7% | +4.8% |
| Operating income | +28.8% | +14.0% | +13.6% | +9.9% |
| Net income | +5.0% | +3.5% | +7.5% | +7.1% |
| EPS (diluted) | +24.9% | +11.9% | +16.1% | +11.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FLEX quarterly EPS vs estimates
Flex beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.97).
FLEX income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.91B | $25.81B | $26.41B | $28.50B | $24.63B | $24.12B | $24.21B | $26.21B | $25.44B | $23.86B |
| Cost of revenue | $25.36B | $23.65B | $24.55B | $26.53B | $22.85B | $22.44B | $22.87B | $24.69B | $23.85B | $22.34B |
| Gross profit | $2.56B | $2.16B | $1.86B | $1.98B | $1.78B | $1.69B | $1.34B | $1.52B | $1.60B | $1.52B |
| Research & development | — | — | — | — | — | — | — | $66.0M | $78.2M | $65.6M |
| Sales, general & admin | $1.05B | $904.0M | $922.0M | $995.0M | $892.0M | $817.0M | $834.1M | $953.1M | $1.02B | $937.3M |
| Total operating expenses | $1.05B | $990.0M | $1.01B | $959.0M | $890.0M | $892.0M | $924.0M | $1.03B | $1.10B | $1.02B |
| Operating income | $1.51B | $1.17B | $853.0M | $1.02B | $890.0M | $795.0M | $415.0M | $491.0M | $497.8M | $502.2M |
| Interest income | $51.0M | $61.0M | $56.0M | $30.0M | $14.0M | $14.0M | $19.4M | $19.5M | $89.1M | $79.4M |
| Interest expense | $215.0M | $218.0M | $161.0M | $191.0M | $160.0M | $150.0M | $146.0M | $145.7M | $123.1M | $108.0M |
| Income before taxes | $1.14B | $1.02B | $666.0M | $807.0M | $964.0M | $714.0M | $159.0M | $182.0M | $520.9M | $370.8M |
| Income taxes | $263.0M | $185.0M | −$206.0M | $124.0M | $92.0M | $101.0M | $71.0M | $89.0M | $92.4M | $51.3M |
| Net income | $880.0M | $838.0M | $1.01B | $793.0M | $936.0M | $613.0M | $88.0M | $93.0M | $428.5M | $319.6M |
| EBITDA | $1.92B | $1.78B | $1.41B | $1.54B | $1.61B | $1.44B | $1.07B | $1.09B | $1.20B | $1.09B |
| EPS (diluted) | $3.31 | $2.65 | $2.53 | $2.36 | $1.96 | $1.57 | $1.24 | $1.14 | $1.10 | $1.18 |
| Gross margin | 9.2% | 8.4% | 7.1% | 6.9% | 7.2% | 7.0% | 5.5% | 5.8% | 6.3% | 6.4% |
| Operating margin | 5.4% | 4.5% | 3.2% | 3.6% | 3.6% | 3.3% | 1.7% | 1.9% | 2.0% | 2.1% |
| Net margin | 3.2% | 3.2% | 3.8% | 2.8% | 3.8% | 2.5% | 0.4% | 0.4% | 1.7% | 1.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.93B | $7.48B | $7.06B | $6.80B | $6.58B | $6.40B | $6.56B | $6.54B | $6.31B | $4.50B | $6.42B | $6.93B |
| Cost of revenue | $7.18B | $6.75B | $6.37B | $6.19B | $6.00B | $5.83B | $5.96B | $6.01B | $5.84B | $4.53B | $5.99B | $6.41B |
| Gross profit | $747.0M | $730.0M | $685.0M | $614.0M | $572.0M | $563.0M | $594.0M | $531.0M | $471.0M | −$29.0M | $433.0M | $519.0M |
| Sales, general & admin | $334.0M | $289.0M | $270.0M | $260.0M | $233.0M | $234.0M | $241.0M | $216.0M | $213.0M | $116.0M | $264.0M | $272.0M |
| Total operating expenses | $355.0M | $305.0M | $285.0M | $318.0M | $261.0M | $258.0M | $260.0M | $234.0M | $238.0M | $133.0M | $235.0M | $238.0M |
| Operating income | $392.0M | $425.0M | $400.0M | $296.0M | $311.0M | $305.0M | $334.0M | $297.0M | $233.0M | −$162.0M | $198.0M | $281.0M |
| Interest income | — | $13.0M | $15.0M | $10.0M | $13.0M | $13.0M | $16.0M | $16.0M | $16.0M | $3.0M | $17.0M | $18.0M |
| Interest expense | $60.0M | $60.0M | $58.0M | $52.0M | $45.0M | $52.0M | $50.0M | $46.0M | $43.0M | $52.0M | $39.0M | $38.0M |
| Income before taxes | $377.0M | $315.0M | $320.0M | $262.0M | $246.0M | $279.0M | $288.0M | $264.0M | $192.0M | −$205.0M | $152.0M | $233.0M |
| Income taxes | $92.0M | $65.0M | $81.0M | $63.0M | $54.0M | $57.0M | $25.0M | $50.0M | $53.0M | −$227.0M | $23.0M | $32.0M |
| Net income | $285.0M | $250.0M | $239.0M | $199.0M | $192.0M | $222.0M | $263.0M | $214.0M | $139.0M | $395.0M | $197.0M | $228.0M |
| EBITDA | $415.0M | $505.0M | $513.0M | $470.0M | $439.0M | $469.0M | $489.0M | $448.0M | $374.0M | −$16.0M | $332.0M | $409.0M |
| EPS (diluted) | $0.86 | $0.93 | $0.87 | $0.79 | $0.72 | $0.73 | $0.77 | $0.64 | $0.51 | $0.57 | $0.71 | $0.68 |
| Gross margin | 9.4% | 9.8% | 9.7% | 9.0% | 8.7% | 8.8% | 9.1% | 8.1% | 7.5% | −0.6% | 6.7% | 7.5% |
| Operating margin | 4.9% | 5.7% | 5.7% | 4.4% | 4.7% | 4.8% | 5.1% | 4.5% | 3.7% | −3.6% | 3.1% | 4.1% |
| Net margin | 3.6% | 3.3% | 3.4% | 2.9% | 2.9% | 3.5% | 4.0% | 3.3% | 2.2% | 8.8% | 3.1% | 3.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FLEX's financial statements (latest annual report filed May 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FLEX financial results
In fiscal year 2026 (ended March 31, 2026), Flex reported revenue of $27.9 billion, up 8.1% from the year before. It had net income of $880.0 million (up 5.0%), a net profit margin of 3.2%. Diluted earnings per share came to $3.31. Over five years revenue grew at an average rate of 3.0% a year.
See the FLEX stock overview for the latest quote and news, or the FLEX chart for price history and technical indicators.
FLEX income statement FAQ
What is Flex's annual revenue?
Flex reported total revenue of $27.9 billion for fiscal year 2026, which ended on March 31, 2026. That was up 8.1% from $25.8 billion the previous year.
Is Flex profitable?
Yes. Flex reported net income of $880.0 million in fiscal 2026, a net profit margin of 3.2%; its operating margin was 5.4%.
What is Flex's gross margin?
Flex's gross margin was 9.2% in fiscal 2026: for every $100 of revenue, Flex kept $9 after the direct cost of its products and services.
How fast is Flex growing?
Revenue grew 3.0% a year on average over the last five fiscal years, from $24.1 billion to $27.9 billion.
What are Flex's earnings per share?
Flex earned $3.31 per diluted share in fiscal 2026, compared with $2.65 a year earlier.
When will Flex report its next earnings?
Flex is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Flex's fiscal year end?
Flex's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 20, 2026.