FLEX
$109.99-3.37%
as of close, Sep 30, 2026
☾ AH $109.99 -3.37%
FLEX financial statements
The full income statement, balance sheet, and cash-flow statement for Flex Ltd. (FLEX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 397.1M2024-09 387.8M2024-12 383.1M2025-03 373.3M2025-06 375.3M2025-09 369.8M2025-12 367.7M2026-03 366.4M2026-06 369.4M-7.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Revenue | 27.9B+8.1% | 25.8B-2.3% | 26.4B-7.3% | 28.5B+15.7% | 24.6B+2.1% | |
| 2.57B+18.9% | 2.16B+15.8% | 1.86B-5.6% | 1.98B+11.0% | 1.78B+5.5% | ||
| Cost of revenue | 25.3B+7.2% | 23.6B-3.3% | 24.4B-8.0% | 26.5B+16.0% | 22.8B+2.2% | |
| Selling, general & administrative | 1.05B+16.4% | 904M-2.0% | 922M+5.5% | 874M+5.3% | 830M+1.6% | |
| Restructuring | 87.0M+1.2% | 86.0M-50.9% | 175M+548.1% | 27.0M+80.0% | 15.0M-85.1% | |
| Amortization of intangibles | 68.0M-2.9% | 70.0M+0.0% | 70.0M-13.6% | 81.0M+35.0% | 60.0M-3.2% | |
| Provision for credit losses | — | — | 9.00M+200.0% | 3.00M+200.0% | -3.00M-160.0% | |
| Operating income | 1.37B+17.0% | 1.17B+37.0% | 853M-16.1% | 1.02B+14.3% | 890M+11.9% | |
| Interest expense | 215M-1.4% | 218M+5.3% | 207M-10.0% | 230M+38.6% | 166M+10.7% | |
| Interest & investment income | 51.0M-16.4% | 61.0M+8.9% | 56.0M+86.7% | 30.0M+114.3% | 14.0M+0.0% | |
| Net interest income | — | — | — | -201M-32.2% | -152M-2.7% | |
| Other non-operating income | -30.0M-314.3% | 14.0M+131.8% | -44.0M-633.3% | -6.00M-103.6% | 165M+1131.3% | |
| Equity-method income | -31.0M-933.3% | -3.00M-137.5% | 8.00M+300.0% | -4.00M-106.6% | 61.0M-26.5% | |
| Pre-tax income | 1.14B+11.7% | 1.02B+53.6% | 666M-17.5% | 807M-16.3% | 964M+35.0% | |
| Income tax | 263M+42.2% | 185M+189.8% | -206M-266.1% | 124M+34.8% | 92.0M-8.9% | |
| 880M+5.0% | 838M-16.7% | 1.01B+26.9% | 793M-15.3% | 936M+52.7% | ||
| Discontinued operations | 0.00 | 0.00-100.0% | 373M+6.6% | 350M+414.7% | 68.0M | |
| Net income to non-controlling interest | 0.00 | 0.00-100.0% | 239M-0.4% | 240M+5900.0% | 4.00M | |
| $2.33+10.4% | $2.11-7.5% | $2.28+32.6% | $1.72-11.3% | $1.94+60.3% | ||
| EPS (basic) | $2.37+10.7% | $2.14-7.4% | $2.31+32.0% | $1.75-11.2% | $1.97+60.2% | |
| Weighted-avg shares (basic) | 371M-5.1% | 391M-10.1% | 435M-4.2% | 454M-4.6% | 476M-4.6% | |
| Weighted-avg shares (diluted) | 378M-5.0% | 398M-9.8% | 441M-4.5% | 462M-4.3% | 483M-4.5% | |
| Balance Sheet | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 16.3B+27.2% | 12.8B-1.2% | 13.0B-19.0% | 16.0B+11.8% | 14.3B+26.2% | ||
| Cash & equivalents | 2.39B+4.4% | 2.29B-7.5% | 2.47B-21.8% | 3.16B+6.7% | 2.96B+12.4% | |
| Accounts receivable | 4.68B+27.5% | 3.67B+21.0% | 3.03B-12.8% | 3.48B+3.2% | 3.37B-14.9% | |
| Inventory | 5.84B+15.3% | 5.07B-18.3% | 6.21B-16.0% | 7.39B+12.3% | 6.58B+68.9% | |
| Other current assets | 2.36B+97.3% | 1.19B+15.8% | 1.03B+17.8% | 875M-3.1% | 903M+53.1% | |
| 22.1B+20.0% | 18.4B+0.7% | 18.3B-14.7% | 21.4B+10.8% | 19.3B+22.0% | ||
| Property, plant & equipment | 2.50B+7.5% | 2.33B+2.7% | 2.27B-3.1% | 2.34B+10.2% | 2.13B+1.3% | |
| Operating lease right-of-use | 659M+17.3% | 562M-6.5% | 601M-0.7% | 605M-5.0% | 637M-0.8% | |
| Goodwill | 1.37B+2.1% | 1.34B+18.1% | 1.14B-0.4% | 1.14B+0.1% | 1.14B+4.4% | |
| Intangible assets | 283M-17.5% | 343M+40.0% | 245M-22.2% | 315M-23.4% | 411M+93.0% | |
| Deferred tax assets | 538M-6.8% | 577M-10.4% | 644M+292.7% | 164M-7.3% | 177M+7.3% | |
| Other non-current assets | 912M-5.4% | 964M-5.0% | 1.01B+107.1% | 490M+3.6% | 473M+9.7% | |
| 12.0B+22.0% | 9.85B+15.4% | 8.54B-21.4% | 10.9B+1.5% | 10.7B+36.7% | ||
| Accounts payable | 8.05B+56.5% | 5.15B+15.2% | 4.47B-21.9% | 5.72B-8.5% | 6.25B+19.2% | |
| Deferred revenue | — | — | — | — | 615M-27.5% | |
| Short-term & current debt | 0.00-100.0% | 1.21B | 0.00-100.0% | 150M-84.2% | 949M+254.1% | |
| Current lease liability | 149M+10.4% | 135M-0.7% | 136M+9.7% | 124M-6.1% | 132M+3.4% | |
| Other current liabilities | 1.13B+16.1% | 977M+0.9% | 968M-5.0% | 1.02B-1.6% | 1.04B+3.8% | |
| 16.9B+26.4% | 13.4B+3.5% | 12.9B-17.6% | 15.7B+3.9% | 15.1B+21.9% | ||
| Long-term debt | 3.75B+51.1% | 2.48B-23.9% | 3.26B-8.0% | 3.54B+9.1% | 3.25B-7.6% | |
| Non-current lease liability | 565M+23.9% | 456M-6.9% | 490M-2.8% | 504M-8.5% | 551M-2.0% | |
| Operating lease liability (total) | 714M+20.8% | 591M-5.6% | 626M-0.3% | 628M-8.1% | 683M-1.0% | |
| Deferred tax liabilities | 111M-25.5% | 149M-16.3% | 178M+150.7% | 71.0M-17.4% | 86.0M+43.3% | |
| Other non-current liabilities | 584M-1.0% | 590M-8.1% | 642M+15.9% | 554M-8.9% | 608M+24.3% | |
| 5.14B+2.8% | 5.00B-6.1% | 5.33B-0.5% | 5.35B+29.6% | 4.13B+20.2% | ||
| Retained earnings | 2.16B+68.5% | 1.28B+187.9% | 446M+179.6% | -560M+58.6% | -1.35B+40.9% | |
| Treasury stock | 200M+0.0% | 200M | 0.00-100.0% | 388M+0.0% | 388M+0.0% | |
| Accumulated other comprehensive income | -167M+25.4% | -224M-14.9% | -195M-0.5% | -194M-6.6% | -182M-52.9% | |
| Non-controlling interest | — | — | 0.00-100.0% | 355M | 0.00 | |
| Total equity incl. non-controlling | 5.14B+2.8% | 5.00B-6.1% | 5.33B-6.7% | 5.71B+38.2% | 4.13B+20.2% | |
| Total liabilities & equity | 22.1B+20.0% | 18.4B+0.7% | 18.3B-14.7% | 21.4B+10.8% | 19.3B+22.0% | |
| Common shares issued | 371M-3.2% | 383M-6.1% | 408M-18.4% | 500M-2.0% | 511M-5.9% | |
| Common shares outstanding | 366M-3.2% | 378M-7.4% | 408M-9.3% | 450M-2.3% | 461M-6.5% | |
| Shares outstanding (cover) | 366M-1.9% | 373M-7.1% | 402M-9.6% | 444M-2.9% | 458M-6.7% | |
| Cash Flow | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 1.69B+12.0% | 1.50B+13.5% | 1.33B+39.6% | 950M-7.2% | 1.02B+611.1% | ||
| Depreciation & amortization | 525M+3.1% | 509M+1.6% | 501M+1.2% | 495M+5.5% | 469M-3.1% | |
| Intangible amortization | 68.0M-2.9% | 70.0M+0.0% | 70.0M-13.6% | 81.0M+35.0% | 60.0M-3.2% | |
| Share-based compensation | 142M+13.6% | 125M-17.8% | 152M+14.3% | 133M+46.2% | 91.0M+15.2% | |
| Deferred income taxes | 38.0M-30.9% | 55.0M+114.9% | -370M-37100.0% | 1.00M+102.3% | -44.0M-780.0% | |
| Change in receivables | 979M+62.9% | 601M+258.2% | -380M-197.9% | 388M+162.2% | -624M-138.6% | |
| Change in inventory | 742M+163.1% | -1.18B-6.4% | -1.10B-213.4% | 974M-63.3% | 2.65B+2665.6% | |
| Change in payables | 2.86B+353.7% | 630M+163.9% | -986M-189.1% | -341M-135.2% | 969M+840.8% | |
| -672M+19.8% | -838M-70.3% | -492M+18.5% | -604M+36.5% | -951M-370.8% | ||
| Capital expenditure | 633M+44.5% | 438M-17.4% | 530M-16.5% | 635M+43.3% | 443M+26.2% | |
| Free cash flow | 1.05B-1.4% | 1.07B+34.0% | 796M+152.7% | 315M-45.8% | 581M+380.7% | |
| Acquisitions | 40.0M-90.1% | 405M | 0.00+100.0% | -2.00M-100.4% | 539M | |
| Proceeds from sale of PP&E | 8.00M-46.7% | 15.0M-40.0% | 25.0M+25.0% | 20.0M+81.8% | 11.0M-87.1% | |
| Other investing activities | 3.00M+127.3% | -11.0M-1000.0% | -1.00M+85.7% | -7.00M+36.4% | -11.0M+83.6% | |
| -924M-12.5% | -821M+50.4% | -1.66B-82900.0% | 2.00M-99.3% | 280M-62.3% | ||
| Long-term debt issued | 1.25B+150.7% | 499M+24850.0% | 2.00M-99.7% | 718M-5.4% | 759M-63.2% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00-100.0% | 552M-20.5% | 694M | 0.00 | |
| Common stock repurchased | 944M-24.9% | 1.26B-3.2% | 1.30B+285.2% | 337M-50.9% | 686M+274.9% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -14.0M-180.0% | -5.00M+93.6% | -78.0M-188.9% | -27.0M-1000.0% | 3.00M+0.0% | |
| FX effect on cash | 11.0M+135.5% | -31.0M-1650.0% | 2.00M+111.1% | -18.0M+30.8% | -26.0M-189.7% | |
| Net change in cash | 100M+154.1% | -185M+77.4% | -820M-348.5% | 330M+0.9% | 327M-54.2% | |
| Interest paid | 212M-0.9% | 214M-5.3% | 226M-0.4% | 227M+34.3% | 169M+15.0% | |
| Income taxes paid | 323M+75.5% | 184M-24.3% | 243M+96.0% | 124M+1.6% | 122M+16.2% | |
| Valuation Ratios | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Market cap | 24.0B+94.2% | 12.3B+2.5% | 12.0B+56.3% | 7.71B+20.5% | 6.40B-5.5% | |
| P/E | 27.3×+84.9% | 14.7×-7.9% | 16.0×+64.6% | 9.7×+42.2% | 6.8×-38.1% | |
| P/S | 0.9×+79.6% | 0.5×+8.1% | 0.4×+63.6% | 0.3×+4.1% | 0.3×-7.5% | |
| P/B | 4.7×+88.8% | 2.5×+22.2% | 2.0×+40.2% | 1.4×-7.0% | 1.5×-21.4% | |
| P/FCF | 22.8×+97.0% | 11.6×-55.0% | 25.7×+5.2% | 24.5×+122.2% | 11.0× | |
| Earnings yield | 3.7%-45.9% | 6.8%+8.6% | 6.2%-39.3% | 10.3%-29.7% | 14.6%+61.6% | |
| FCF yield | 4.4%-49.2% | 8.6%+122.5% | 3.9%-5.0% | 4.1%-55.0% | 9.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: FLEX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FLEX filings on SEC EDGAR → Not investment advice.