# Jabil Inc. (JBL) Q4 2025 Financial Results Summary
On September 25, 2025, Jabil Inc. (NYSE: JBL) released its preliminary, unaudited financial results for the fourth quarter and fiscal year ended August 31, 2025. Below is a summary of the highlights and financial metrics.
## Fourth Quarter of Fiscal Year 2025 Highlights:
– **Net revenue:** $8.3 billion
– Increased by **19%** compared to **$6.96 billion** in Q4 2024.
– **U.S. GAAP operating income:** $337 million
– Increased by **6%** from **$318 million** in Q4 2024.
– **U.S. GAAP diluted earnings per share:** $1.99
– Increased from **$1.18** in Q4 2024, representing a **68%** increase.
– **Core operating income (Non-GAAP):** $519 million
– Increased by **30%** compared to **$401 million** in Q4 2024.
– **Core diluted earnings per share (Non-GAAP):** $3.29
– Increased by **43%** from **$2.30** in Q4 2024.
## Fiscal Year 2025 Highlights:
– **Net revenue:** $29.8 billion
– Grew by **3%** from **$28.88 billion** in FY 2024.
– **U.S. GAAP operating income:** $1.2 billion
– Decreased by **41%** from **$2.01 billion** in FY 2024.
– **U.S. GAAP diluted earnings per share:** $5.92
– Decreased by **47%** from **$11.17** in FY 2024.
– **Core operating income (Non-GAAP):** $1.6 billion
– Increased by **1%** compared to **$1.588 billion** in FY 2024.
– **Core diluted earnings per share (Non-GAAP):** $9.75
– Increased by **15%** from **$8.49** in FY 2024.
## Fiscal Year 2026 Outlook:
– **Net revenue projected:** $31.3 billion
– **Core operating margin (Non-GAAP):** 5.6%
– **Core diluted earnings per share (Non-GAAP):** $11.00
– **Adjusted free cash flow (Non-GAAP):** Greater than **$1.3 billion**
## Financial Position:
– **Cash and cash equivalents:** $1,933 million (down from **$2,201 million** in 2024).
– **Total assets:** $18,543 million (up from **$17,351 million** in 2024).
– **Total liabilities:** $17,026 million (up from **$15,614 million** in 2024).
– **Total Jabil Inc. stockholders’ equity:** $1,513 million (down from **$1,737 million** in 2024).
## Special Returns to Shareholders:
– **Dividends paid to stockholders:** $36 million
– Decreased from **$42 million** in the previous year, a **14%** decrease.
– **Payments to acquire treasury stock:** $1,000 million
– A reduction compared to **$2,500 million** in the previous fiscal year, indicating a **60%** decrease in share repurchases.
## Cash Flow Analysis:
– **Cash from operating activities:** $1,640 million (down **5%** from **$1,716 million** in FY 2024).
– **Net cash used in investing activities:** -$714 million (compared to **$1,351 million** cash provided in FY 2024).
– **Net cash used in financing activities:** -$1,204 million (down from **-$2,668 million** in FY 2024).
## Closing Remarks:
Jabil’s performance in FY 2025 showcased strong revenue growth driven by AI-related industries, overcoming challenges in sectors like Automotive and Renewables. The company continues to prioritize capital deployment towards areas with high growth potential, aligning with its long-term strategy for sustainable value creation.
For more detailed information, Jabil will hold a conference call today at 8:30 a.m. ET.
Here are the extracted tables in HTML format:
### CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
_(in millions, except for per share data)_
| Three Months Ended | Fiscal Year Ended | |||
|---|---|---|---|---|
| August 31, 2025 | August 31, 2024 | August 31, 2025 | August 31, 2024 | |
| Net revenue | $8,252 | $6,964 | $29,802 | $28,883 |
| Cost of revenue | $7,469 | $6,301 | $27,156 | $26,207 |
| Gross profit | $783 | $663 | $2,646 | $2,676 |
| Operating expenses: | ||||
| Selling, general and administrative | $287 | $270 | $1,122 | $1,160 |
| Research and development | $4 | $10 | $26 | $39 |
| Amortization of intangibles | $17 | $13 | $62 | $40 |
| Restructuring, severance and related charges | $37 | $44 | $181 | $296 |
| Loss (gain) from the divestiture of businesses | $98 | $2 | $53 | -$942 |
| Acquisition and divestiture related charges | $3 | $6 | $20 | $70 |
| Operating income | $337 | $318 | $1,182 | $2,013 |
| Loss on securities | $— | $— | $46 | $— |
| Interest and other, net | $58 | $65 | $244 | $262 |
| Income before income tax | $279 | $253 | $892 | $1,751 |
| Income tax expense | $61 | $115 | $235 | $363 |
| Net income | $218 | $138 | $657 | $1,388 |
| Net income attributable to noncontrolling interests, net of tax | $— | $— | $— | $— |
| Net income attributable to Jabil Inc. | $218 | $138 | $657 | $1,388 |
| Earnings per share attributable to the stockholders of Jabil Inc.: | ||||
| Basic | $2.03 | $1.20 | $6.00 | $11.34 |
| Diluted | $1.99 | $1.18 | $5.92 | $11.17 |
| Weighted average shares outstanding: | ||||
| Basic | 107.5 | 115.1 | 109.5 | 122.4 |
| Diluted | 109.2 | 116.7 | 110.9 | 124.3 |
### CONDENSED CONSOLIDATED BALANCE SHEETS
_(in millions)_
| August 31, 2025 | (unaudited) | August 31, 2024 | |
|---|---|---|---|
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $1,933 | $2,201 | |
| Accounts receivable, net | $4,039 | $3,533 | |
| Contract assets | $1,057 | $1,071 | |
| Inventories, net | $4,681 | $4,276 | |
| Prepaid expenses and other current assets | $2,010 | $1,710 | |
| Total current assets | $13,720 | $12,791 | |
| Property, plant and equipment, net | $2,847 | $3,024 | |
| Operating lease right-of-use assets | $462 | $360 | |
| Goodwill and intangible assets, net | $1,114 | $804 | |
| Deferred income taxes | $141 | $96 | |
| Other assets | $259 | $276 | |
| Total assets | $18,543 | $17,351 | |
| LIABILITIES AND EQUITY | |||
| Current liabilities: | |||
| Current installments of notes payable and long-term debt | $499 | $— | |
| Accounts payable | $7,937 | $6,190 | |
| Accrued expenses | $5,185 | $5,499 | |
| Current operating lease liabilities | $93 | $93 | |
| Total current liabilities | $13,714 | $11,782 | |
| Notes payable and long-term debt, less current installments | $2,386 | $2,880 | |
| Other liabilities | $345 | $416 | |
| Non-current operating lease liabilities | $388 | $284 | |
| Income tax liabilities | $113 | $109 | |
| Deferred income taxes | $80 | $143 | |
| Total liabilities | $17,026 | $15,614 | |
| Commitments and contingencies | |||
| Equity: | |||
| Jabil Inc. stockholders’ equity: | |||
| Preferred stock | $— | $— | |
| Common stock | $— | $— | |
| Additional paid-in capital | $3,047 | $2,841 | |
| Retained earnings | $6,382 | $5,760 | |
| Accumulated other comprehensive loss | -$17 | -$46 | |
| Treasury stock, at cost | -$7,899 | -$6,818 | |
| Total Jabil Inc. stockholders’ equity | $1,513 | $1,737 | |
| Noncontrolling interests | $4 | $— | |
| Total equity | $1,517 | $1,737 | |
| Total liabilities and equity | $18,543 | $17,351 |
