TD SYNNEX (SNX) Q3 2025 Financial Results Summary

# TD SYNNEX (SNX) Q3 2025 Financial Results Summary

FREMONT, CA and CLEARWATER, FL, September 25, 2025 – TD SYNNEX (NYSE: SNX) today announced its financial results for the fiscal third quarter ended August 31, 2025. The highlights from the report are summarized below:

## Consolidated Financial Highlights for Q3 FY25:

– **Revenue**:
– $15.7 billion, an increase of **6.6%** from $14.7 billion in Q3 FY24.
– On a constant currency basis, revenue growth was **4.4%**.

– **Non-GAAP Gross Billings**:
– $22.7 billion, a growth of **12.1%** year over year from $20.3 billion in Q3 FY24.
– On a constant currency basis, non-GAAP gross billings increased by **10.1%**.

– **Gross Profit**:
– $1.3 billion, reflecting a **17.6%** increase from $961 million in the same quarter last year.

– **Gross Margin**:
– 7.2%, up **68 basis points** from 6.5% in Q3 FY24.

– **Operating Income**:
– $384 million, an increase of **26.7%** from $303 million in Q3 FY24.
– Non-GAAP operating income was $475 million, a year-over-year increase of **20.9%**.

– **Operating Margin**:
– 2.5%, compared to 2.1% in Q3 FY24.
– Non-GAAP operating margin at **3.0%, an increase of 35 basis points.**

– **Net Income**:
– $227 million, represented a **27.0%** increase from $179 million in the prior year.

– **Diluted Earnings Per Share (EPS)**:
– $2.74, a significant increase of **31.7%** from $2.08 in Q3 FY24.
– Non-GAAP diluted EPS was $3.58, compared to $2.86, a growth of **25.2%**.

– **Cash Provided by Operations**:
– $246 million, down from $386 million in the previous year.

– **Free Cash Flow**:
– $214 million, a decrease from $339 million in Q3 FY24.

## Stockholder Returns

– TD SYNNEX returned **$210 million** to stockholders, which included:
– **$174 million** in share repurchases.
– **$36 million** in dividends.

– Announced a **quarterly cash dividend of $0.44 per common share**, an increase of **10%** year over year, payable on October 31, 2025, to stockholders of record as of the close of business on October 17, 2025.

## Regional Highlights in Q3 FY25

– **Americas**:
– Revenue: $9.3 billion, up **2.0%** from $9.1 billion.
– Non-GAAP gross billings: $14.2 billion, a **9.0%** increase from $13.0 billion.
– Operating income: $284 million, a growth of **28.4%** from $221 million.

– **Europe**:
– Revenue: $5.2 billion, an increase of **12.7%** from $4.6 billion.
– Non-GAAP gross billings: $6.9 billion, up **14.9%** from $6.0 billion.

– **Asia-Pacific and Japan (APJ)**:
– Revenue: $1.2 billion, representing a **20.4%** increase from $1.0 billion.
– Non-GAAP gross billings: $1.7 billion, increased by **29.7%** from $1.3 billion.

## Summary of Changes vs. Q3 FY24

– **Revenue**: Increased by **6.6%**
– **Non-GAAP Gross Billings**: Up by **12.1%**
– **Operating Income**: Increased by **26.7%**
– **Net Income**: Increased by **27.0%**
– **Diluted EPS**: Increased by **31.7%**

In conclusion, TD SYNNEX’s fiscal Q3 2025 results reflect a strong performance with notable increases across multiple financial metrics, particularly in revenue and profitability. The company continues to enhance returns to shareholders while maintaining a robust operational outlook.

### Consolidated Statements of Operations
*(Currency and share amounts in thousands, except per share amounts)*

—

### Consolidated Balance Sheets
*(Currency and share amounts in thousands, except par value)*