Flex Ltd. (FLEX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FLEX Revenue Growth
Revenue Breakdown (FY 2025)
FLEX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FLEX Revenue Analysis (2014–2025)
As of May 6, 2026, Flex Ltd. (FLEX) generated trailing twelve-month (TTM) revenue of $26.84 billion, reflecting solid growth of +7.7% year-over-year. The most recent quarter (Q3 2026) recorded $7.06 billion in revenue, up 3.7% sequentially.
Looking at the longer-term picture, FLEX's 5-year compound annual growth rate (CAGR) stands at +1.3%, indicating moderate growth over time. The company achieved its highest annual revenue of $28.50 billion in 2023.
Revenue diversification analysis shows FLEX's business is primarily driven by Flex Agility Solutions (FAS) (55%), and Flex Reliability Solutions (FRS) (45%). With over half of revenue concentrated in Flex Agility Solutions (FAS), the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including JBL (+19.0% YoY), CLS (+36.9% YoY), and BHE (+3.5% YoY), FLEX has underperformed the peer group in terms of revenue growth. Compare FLEX vs JBL →
FLEX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FLEXCurrent | $26.8B | +7.7% | +1.3% | 4.5% | |
 JBL | $29.8B | +19.0% | +1.8% | 4.0% | |
 CLS | $12.6B | +36.9% | +17.0% | 8.6% | |
 BHE | $2.7B | +3.5% | +5.3% | 4.0% | |
 SANM | $8.1B | +41.3% | +3.2% | 4.4% | |
 PLXS | $4.0B | +8.6% | +3.5% | 5.0% |
FLEX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $25.81B | -2.3% | $2.16B | 8.4% | $1.17B | 4.5% |
| 2024 | $26.41B | -7.3% | $1.86B | 7.1% | $853.0M | 3.2% |
| 2023 | $28.50B | +15.7% | $1.98B | 6.9% | $1.02B | 3.6% |
| 2022 | $24.63B | +2.1% | $1.78B | 7.2% | $890.0M | 3.6% |
| 2021 | $24.12B | -0.4% | $1.69B | 7.0% | $795.0M | 3.3% |
| 2020 | $24.21B | -7.6% | $1.34B | 5.5% | $415.0M | 1.7% |
| 2019 | $26.21B | +3.0% | $1.52B | 5.8% | $491.0M | 1.9% |
| 2018 | $25.44B | +6.6% | $1.60B | 6.3% | $497.8M | 2.0% |
| 2017 | $23.86B | -2.3% | $1.52B | 6.4% | $502.2M | 2.1% |
| 2016 | $24.42B | -6.6% | $1.61B | 6.6% | $587.2M | 2.4% |
Full FLEX Stock Analysis
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Start ComparisonFLEX — Frequently Asked Questions
Quick answers to the most common questions about buying FLEX stock.
Is FLEX's revenue growth accelerating or slowing?
FLEX maintains +7.7% revenue growth, in line with its 5-year CAGR of +1.3%. TTM revenue stands at $26.8B. Growth rate remains consistent with historical average.
What is FLEX's long-term revenue growth rate?
Flex Ltd.'s 5-year revenue CAGR of +1.3% reflects the sustained expansion pattern. Current YoY growth of +7.7% is near this long-term average.
How is FLEX's revenue distributed by segment?
FLEX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.