Flex (FLEX) Operating Leases (2019 - 2026)
Flex (FLEX) recorded Operating Leases of $711 million in fiscal Q1 2027 (quarter ended Jun 26, 2026), up 22.0% from $583 million a year earlier and up 25.8% from the prior quarter.
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Analysis
Flex (FLEX) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2026 (ended Mar 31, 2026), Flex reported Operating Leases of $565 million, up 23.9% from FY2025.
- Annual Operating Leases has a five-year compound annual growth rate of 0.1% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Leases came in at $456 million in FY2025 (-6.9%), $490 million in FY2024 (-2.8%), $504 million in FY2023 (-8.5%) and $551 million in FY2022 (-2.0%).
- The fiscal Q1 2027 figure is the highest quarterly Operating Leases in data going back to fiscal Q1 2020.
- On a year-over-year basis, Operating Leases has increased for five consecutive quarters, with growth averaging 13.1% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 26.9% in fiscal Q2 2026, against a decline of 9.9% in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $565 million (Q4 2026), $583 million (Q3 2026) and $604 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn |
| 10 | Flex | 41.76 Bn | 31.22 Bn | 747.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 711.00 Mn |
| Mar 31, 2026 | 565.00 Mn |
| Dec 31, 2025 | 583.00 Mn |
| Sep 26, 2025 | 604.00 Mn |
| Jun 27, 2025 | 583.00 Mn |
| Mar 31, 2025 | 456.00 Mn |
| Dec 31, 2024 | 475.00 Mn |
| Sep 27, 2024 | 476.00 Mn |
| Jun 28, 2024 | 463.00 Mn |
| Mar 31, 2024 | 490.00 Mn |
| Dec 31, 2023 | 502.00 Mn |
| Sep 29, 2023 | 497.00 Mn |
| Jun 30, 2023 | 514.00 Mn |
| Mar 31, 2023 | 504.00 Mn |
| Dec 31, 2022 | 499.00 Mn |
| Sep 30, 2022 | 495.00 Mn |
| Jul 1, 2022 | 520.00 Mn |
| Mar 31, 2022 | 551.00 Mn |
| Dec 31, 2021 | 545.00 Mn |
| Oct 1, 2021 | 534.00 Mn |
API Access
Flex Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=FLEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "FLEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=FLEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();