Avnet, Inc. (AVT)

Avnet Income Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 28, 2025	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021
Revenue	22,201	23,757	26,537	24,311	19,535
Revenue Growth (YoY)	-6.55%	-10.47%	9.16%	24.45%	10.78%
Cost of Revenue	19,816	20,991	23,355	21,345	17,294
Gross Profit	2,385	2,766	3,182	2,965	2,241
Selling, General & Admin	1,751	1,854	1,985	1,978	1,862
Other Operating Expenses	0.31	-0.05	-	-	-
Operating Expenses	1,751	1,854	1,985	1,978	1,862
Operating Income	634.02	912.1	1,197	987.55	378.67
Interest Expense	-246.4	-282.87	-250.87	-100.38	-89.47
Currency Exchange Gain (Loss)	15.54	-31.67	40.45	-37.34	-21.61
Other Non Operating Income (Expenses)	-44.59	0.8	-12.85	15.03	4.93
EBT Excluding Unusual Items	358.58	598.36	973.88	864.87	272.52
Merger & Restructuring Charges	-64.61	-52.6	-28.04	-5.27	-84.39
Gain (Loss) on Sale of Investments	-	-	-	-	-15.2
Legal Settlements	-	86.5	37.04	-	-
Other Unusual Items	-43.4	-	-	-26.26	-
Pretax Income	250.57	632.26	982.88	833.33	172.93
Income Tax Expense	10.35	133.56	212.05	140.96	-20.19
Earnings From Continuing Operations	240.22	498.7	770.83	692.38	193.11
Net Income	240.22	498.7	770.83	692.38	193.11
Net Income to Common	240.22	498.7	770.83	692.38	193.11
Net Income Growth	-51.83%	-35.30%	11.33%	258.53%	-
Shares Outstanding (Basic)	86	91	92	99	99
Shares Outstanding (Diluted)	87	92	93	100	100
Shares Change (YoY)	-4.82%	-1.64%	-6.46%	-0.35%	-0.30%
EPS (Basic)	2.78	5.51	8.37	7.02	1.95
EPS (Diluted)	2.75	5.43	8.26	6.94	1.93
EPS Growth	-49.35%	-34.26%	19.02%	259.58%	-
Free Cash Flow	577.03	463.51	-908.38	-268.21	22.21
Free Cash Flow Per Share	6.60	5.05	-9.73	-2.69	0.22
Dividend Per Share	1.320	1.240	1.160	1.000	0.850
Dividend Growth	6.45%	6.90%	16.00%	17.65%	1.19%
Gross Margin	10.74%	11.64%	11.99%	12.20%	11.47%
Operating Margin	2.86%	3.84%	4.51%	4.06%	1.94%
Profit Margin	1.08%	2.10%	2.90%	2.85%	0.99%
Free Cash Flow Margin	2.60%	1.95%	-3.42%	-1.10%	0.11%
EBITDA	705.64	998.81	1,286	1,090	510.59
EBITDA Margin	3.18%	4.20%	4.84%	4.48%	2.61%
D&A For EBITDA	71.62	86.71	88.61	102.33	131.92
EBIT	634.02	912.1	1,197	987.55	378.67
EBIT Margin	2.86%	3.84%	4.51%	4.06%	1.94%
Effective Tax Rate	4.13%	21.13%	21.57%	16.91%	-

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q