Growth Metrics

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

Flex (FLEX) has disclosed Cost of Revenue for 17 consecutive years, with $6.4 billion as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 7.07% to $6.4 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $24.3 billion, a 3.9% increase, with the full-year FY2025 number at $23.6 billion, down 3.32% from a year prior.
  • Cost of Revenue was $6.4 billion for Q4 2025 at Flex, up from $6.2 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $7.2 billion in Q3 2022 to a low of $5.1 billion in Q1 2022.
  • A 5-year average of $6.1 billion and a median of $6.0 billion in 2024 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: rose 24.67% in 2022, then decreased 17.31% in 2023.
  • Flex's Cost of Revenue stood at $6.1 billion in 2021, then rose by 17.01% to $7.2 billion in 2022, then dropped by 17.31% to $5.9 billion in 2023, then grew by 0.42% to $6.0 billion in 2024, then grew 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).