TD SYNNEX Reports Record Fiscal 2025 Fourth Quarter Results
On January 8, 2026, TD SYNNEX Corp (NYSE: SNX) announced impressive financial results for its fiscal fourth quarter, which ended on November 30, 2025. The company reported record revenue and robust growth in various key performance metrics, showcasing its strong performance across different regions and product segments.
1. Consolidated Financial Highlights
TD SYNNEX clocked in a revenue of $17.4 billion for Q4 FY25, marking a 9.7% increase from $15.8 billion in Q4 FY24. This result exceeded the high end of the company's outlook. The company's gross profit also saw a notable rise, reaching $1.2 billion, up 14.8% from $1.0 billion year-over-year.
- Gross margin improved to 6.87%, compared to 6.57% in the previous year.
- Operating income surged to $399 million, reflecting a 22.7% increase from $325 million in Q4 FY24.
- The operating margin also saw an uptick to 2.29%, compared to 2.05% in the prior year.
Net income for the quarter reached $248 million, a substantial 27.5% increase from $195 million in Q4 FY24. This resulted in a diluted earnings per share (EPS) of $3.04, representing a 32.8% increase from $2.29 in the same quarter last year.
2. Non-GAAP Financial Metrics
From a non-GAAP perspective, TD SYNNEX reported gross billings of $24.3 billion, a 14.7% rise from $21.2 billion in Q4 FY24. The company also noted that on a constant currency basis, non-GAAP gross billings increased by 12.6%.
- Non-GAAP operating income was reported at $497 million, compared to $422 million in the previous year.
- Non-GAAP diluted EPS stood at $3.83, up 24.0% from $3.09 in Q4 FY24.
The company generated $1.5 billion in cash provided by operations, a significant increase from $562 million in the prior year, while free cash flow also improved to $1.4 billion, compared to $513 million.
3. Regional Performance
Americas
Revenue in the Americas for Q4 FY25 was $9.5 billion, a modest 2.9% increase year-over-year. The non-GAAP gross billings in this region reached $14.1 billion, growing 9.3% from the previous year.
Europe
In Europe, TD SYNNEX saw a robust revenue increase of 18.1%, reaching $6.5 billion. Non-GAAP gross billings soared by 20.8% to $8.4 billion, highlighting strong demand in the region.
Asia-Pacific and Japan (APJ)
The APJ region exhibited the highest growth, with revenue increasing by 24.7% to $1.4 billion. Non-GAAP gross billings surged 34.2%, reflecting a strong market performance.
4. Fiscal 2026 First Quarter Outlook
Looking ahead, TD SYNNEX provided guidance for the first quarter of fiscal 2026, projecting revenue between $15.1 billion and $15.9 billion. The company expects non-GAAP gross billings to range from $22.7 billion to $23.7 billion, and net income is anticipated to be between $166 million and $206 million.
5. Dividend Declaration
The Board of Directors of TD SYNNEX declared a quarterly cash dividend of $0.48 per common share, payable on January 30, 2026, to stockholders of record as of January 16, 2026.
6. Conclusion
TD SYNNEX's record fourth-quarter results for fiscal 2025 demonstrate the company's robust growth trajectory and operational efficiency. With strong performances across different regions and product segments, combined with a positive outlook for the upcoming quarter, TD SYNNEX continues to solidify its position as a leading global distributor and solutions aggregator in the IT ecosystem. The company's commitment to maximizing value for its customers and stakeholders remains evident, as reflected in its financial achievements and strategic initiatives.
