Flex Ltd. (FLEX)

Flex Ltd. Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 27, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	26,074	25,813	26,415	28,502	24,633	24,124
Revenue Growth (YoY)	0.92%	-2.28%	-7.32%	15.71%	2.11%	-0.36%
Cost of Revenue	23,744	23,584	24,395	26,503	22,838	22,349
Gross Profit	2,330	2,229	2,020	1,999	1,795	1,775
Selling, General & Admin	924	904	922	874	830	817
Operating Expenses	999	974	992	955	890	879
Operating Income	1,331	1,255	1,028	1,044	905	896
Interest Expense	-213	-218	-207	-230	-166	-162
Interest & Investment Income	58	61	56	30	14	14
Earnings From Equity Investments	-24	-3	8	-4	61	83
Currency Exchange Gain (Loss)	-10	-10	-24	7	33	21
Other Non Operating Income (Expenses)	-	5	-20	-13	132	-
EBT Excluding Unusual Items	1,142	1,090	841	834	979	852
Merger & Restructuring Charges	-84	-86	-175	-27	-15	-101
Gain (Loss) on Sale of Investments	-	-	-	-	-	-37
Other Unusual Items	19	19	-	-	-	-
Pretax Income	1,077	1,023	666	807	964	714
Income Tax Expense	186	185	-206	124	92	101
Earnings From Continuing Operations	891	838	872	683	872	613
Earnings From Discontinued Operations	-	-	373	350	68	-
Net Income to Company	891	838	1,245	1,033	940	613
Minority Interest in Earnings	-	-	-239	-240	-4	-
Net Income	891	838	1,006	793	936	613
Net Income to Common	891	838	1,006	793	936	613
Net Income Growth	-7.09%	-16.70%	26.86%	-15.28%	52.69%	596.59%
Shares Outstanding (Basic)	384	391	435	454	476	499
Shares Outstanding (Diluted)	391	398	441	462	483	506
Shares Change (YoY)	-9.19%	-9.75%	-4.54%	-4.35%	-4.54%	-1.17%
EPS (Basic)	2.32	2.14	2.31	1.75	1.97	1.23
EPS (Diluted)	2.28	2.11	2.28	1.72	1.94	1.21
EPS Growth	2.29%	-7.46%	32.56%	-11.34%	60.33%	611.76%
Free Cash Flow	1,104	1,067	796	315	581	-207
Free Cash Flow Per Share	2.83	2.68	1.80	0.68	1.20	-0.41
Gross Margin	8.94%	8.63%	7.65%	7.01%	7.29%	7.36%
Operating Margin	5.10%	4.86%	3.89%	3.66%	3.67%	3.71%
Profit Margin	3.42%	3.25%	3.81%	2.78%	3.80%	2.54%
Free Cash Flow Margin	4.23%	4.13%	3.01%	1.10%	2.36%	-0.86%
EBITDA	1,876	1,784	1,551	1,545	1,388	1,457
EBITDA Margin	7.20%	6.91%	5.87%	5.42%	5.63%	6.04%
D&A For EBITDA	545	529	523	501	483	561
EBIT	1,331	1,255	1,028	1,044	905	896
EBIT Margin	5.10%	4.86%	3.89%	3.66%	3.67%	3.71%
Effective Tax Rate	17.27%	18.08%	-	15.37%	9.54%	14.15%

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q