Growth Metrics

Flex (FLEX) Cost of Revenue (2016 - 2025)

Flex has reported Cost of Revenue over the past 17 years, most recently at $6.4 billion for Q4 2025.

  • Quarterly Cost of Revenue rose 7.07% to $6.4 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $24.3 billion through Dec 2025, up 3.9% year-over-year, with the annual reading at $23.6 billion for FY2025, 3.32% down from the prior year.
  • Cost of Revenue was $6.4 billion for Q4 2025 at Flex, up from $6.2 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $7.2 billion in Q3 2022 and troughed at $5.1 billion in Q1 2022.
  • The 5-year median for Cost of Revenue is $6.0 billion (2024), against an average of $6.1 billion.
  • Year-over-year, Cost of Revenue rose 24.67% in 2022 and then decreased 17.31% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $6.1 billion in 2021, then increased by 17.01% to $7.2 billion in 2022, then fell by 17.31% to $5.9 billion in 2023, then rose by 0.42% to $6.0 billion in 2024, then rose by 7.07% to $6.4 billion in 2025.
  • Per Business Quant, the three most recent readings for FLEX's Cost of Revenue are $6.4 billion (Q4 2025), $6.2 billion (Q3 2025), and $6.0 billion (Q2 2025).