Flex (FLEX) Operating Margin (2009 - 2026)
Flex (FLEX) posted Operating Margin of 4.94% for fiscal Q1 2027 (quarter ended Jun 26, 2026), up 0.21 percentage points from 4.73% a year earlier but down 0.03 percentage points from the prior quarter.
Flex (FLEX) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 26, 2026, Operating Margin at Flex was 4.95%, up 0.17 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it was 4.90%, up 0.37 percentage points from FY2025.
- Annual Operating Margin shows a five-year change of +1.61 percentage points (FY2021 to FY2026).
- In prior fiscal years, Flex's Operating Margin was 4.53% in FY2025 (+1.30 pp), 3.23% in FY2024 (-0.34 pp), 3.57% in FY2023 (-0.04 pp) and 3.61% in FY2022 (+0.32 pp).
- Quarterly Operating Margin has run from a low of 2.58% in fiscal Q4 2024 to a high of 5.51% in fiscal Q3 2026 over five years.
- On a year-over-year basis, Operating Margin has increased in each of the last three quarters, with an average year-over-year change of +0.80 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q4 2025, with a gain of 2.19 percentage points; the weakest was fiscal Q4 2022, with a drop of 1.17 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was 4.98% (Q4 2026), 5.51% (Q3 2026) and 4.35% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 32.62% |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 24.72% |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 11.46% |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | 45.39% |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | 78.49% |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 42.96% |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 41.71% |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | 16.79% |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 11.41% |
| 10 | Flex | 41.76 Bn | 31.22 Bn | 747.00 Mn | 4.94% |
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 4.94% |
| Mar 31, 2026 | 4.98% |
| Dec 31, 2025 | 5.51% |
| Sep 26, 2025 | 4.35% |
| Jun 27, 2025 | 4.73% |
| Mar 31, 2025 | 4.77% |
| Dec 31, 2024 | 5.09% |
| Sep 27, 2024 | 4.54% |
| Jun 28, 2024 | 3.69% |
| Mar 31, 2024 | 2.58% |
| Dec 31, 2023 | 3.08% |
| Sep 29, 2023 | 4.05% |
| Jun 30, 2023 | 3.12% |
| Mar 31, 2023 | 3.19% |
| Dec 31, 2022 | 3.57% |
| Sep 30, 2022 | 3.86% |
| Jul 1, 2022 | 3.63% |
| Mar 31, 2022 | 3.33% |
| Dec 31, 2021 | 3.79% |
| Oct 1, 2021 | 3.80% |
Flex Operating Margin 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-margin&ticker=FLEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=FLEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();