Flex Ltd. (FLEX) Revenue History
Annual and quarterly revenue from 1993 to present
FLEX Revenue Over Time (1993–2026)
FLEX Revenue Growth History
24 of 33 years with positive growth- FY1993 revenue growth
- N/A
- FY1994 revenue growth
- +31.7%
- FY1995 revenue growth
- +93.2%
- FY1996 revenue growth
- +140.9%
- FY1997 revenue growth
- +11.9%
- FY1998 revenue growth
- +108.7%
- FY1999 revenue growth
- +195.9%
- FY2000 revenue growth
- +76.1%
- FY2001 revenue growth
- +74.0%
- FY2002 revenue growth
- +8.2%
- FY2003 revenue growth
- +2.1%
- FY2004 revenue growth
- +8.2%
- FY2005 revenue growth
- +8.6%
- FY2006 revenue growth
- -2.8%
- FY2007 revenue growth
- +23.3%
- FY2008 revenue growth
- +46.2%
- FY2009 revenue growth
- +12.3%
- FY2010 revenue growth
- -22.4%
- FY2011 revenue growth
- +18.5%
- FY2012 revenue growth
- +3.2%
- FY2013 revenue growth
- -19.7%
- FY2014 revenue growth
- +10.8%
- FY2015 revenue growth
- +0.2%
- FY2016 revenue growth
- -6.6%
- FY2017 revenue growth
- -2.3%
- FY2018 revenue growth
- +6.6%
- FY2019 revenue growth
- +3.0%
- FY2020 revenue growth
- -7.6%
- FY2021 revenue growth
- -0.4%
- FY2022 revenue growth
- +2.1%
- FY2023 revenue growth
- +15.7%
- FY2024 revenue growth
- -7.3%
- FY2025 revenue growth
- -2.3%
- FY2026 revenue growth
- +8.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $7.48B | +16.9% |
| Q3 2026 | $7.06B | +7.7% |
| Q2 2026 | $6.80B | +4.0% |
| Q1 2026 | $6.58B | +4.1% |
| Q4 2025 | $6.40B | +42.0% |
| Q3 2025 | $6.56B | +2.1% |
| Q2 2025 | $6.54B | -5.6% |
| Q1 2025 | $6.31B | -8.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
FLEX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FLEX Revenue Analysis (1993–2026)
Current Revenue & Growth
As of July 7, 2026, Flex Ltd. (FLEX) generated trailing twelve-month (TTM) revenue of $27.91 billion, reflecting strong growth of +16.9% year-over-year. The most recent quarter (Q4 2026) recorded $7.48 billion in revenue, up 5.9% sequentially.
Historical Growth Trajectory
FLEX's 5-year compound annual growth rate (CAGR) stands at +3.0%, indicating moderate growth over time. The 3-year CAGR of -0.7% is below the 5-year average, signalling a growth deceleration in recent years. Flex Ltd.'s highest annual revenue of $30.95 billion was recorded in 2009.
Revenue by Segment
FLEX's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including JBL (+17.8% YoY), CLS (+36.9% YoY), and BHE (+3.5% YoY) — FLEX has underperformed the peer group in 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 | $27.9B | +16.9% | +3.0% | 5.4% | |
 JBL | $29.8B | +17.8% | +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 (1993–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $27.91B | +8.1% | $2.56B | 9.2% | $1.51B | 5.4% |
| 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% |
| 2015 | $26.15B | +0.2% | $1.55B | 5.9% | $668.8M | 2.6% |
| 2014 | $26.11B | +10.8% | $1.44B | 5.5% | $536.5M | 2.1% |
| 2013 | $23.57B | -19.7% | $1.17B | 4.9% | $331.5M | 1.4% |
| 2012 | $29.34B | +3.2% | $1.52B | 5.2% | $590.8M | 2.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
33+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FLEX — Frequently Asked Questions
Quick answers to the most common questions about buying FLEX stock.
Is FLEX's revenue growth accelerating or slowing?
FLEX revenue growth is accelerating. TTM revenue reached $27.9B, up +16.9% year-over-year — ahead of the 5-year CAGR of +3.0%. This indicates the business is expanding faster than its historical baseline.
What is FLEX's revenue history from 1993 to 2026?
Flex Ltd. (FLEX) revenue history spans 1993 to 2026. TTM revenue as of 2026 is $27.9B, growing at +16.9% YoY. The 5-year CAGR is +3.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FLEX's long-term revenue growth rate (CAGR)?
Flex Ltd.'s 5-year revenue CAGR of +3.0% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +16.9% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FLEX.
Why does FLEX's quarterly revenue fluctuate?
FLEX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Flex Ltd.'s revenue data from 1993 to 2026 shows full historical quarterly detail on this page.
How is FLEX's revenue distributed by segment?
FLEX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FLEX's revenue compare to industry peers?
Flex Ltd. (FLEX) with TTM revenue of $27.9B and +16.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.