SNX

MKT CAP:$18B

TD SYNNEX Corporation

Market Cap

$18B

Technology·Technology Distributors·🇺🇸 United States·NYSE

Technology·Technology·🇺🇸·NYSE

Stock Price

$223.29+$69.86 (+45.53%)

Apr 22, 2026

Company Details

TD SYNNEX Corporation provides business process services in the United States and internationally. The company distributes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, consumer el...

CEO

Patrick Zammit

IPO Date

Nov 25, 2003

Website

www.tdsynnex.com

Key Metrics TTM

Revenue

$60.3B

+4.8% YoY

Net Income

$817M

EPS (Diluted)

$9.76

Free Cash Flow

-$1.5B

Revenue / Share

$752.39

Gross Margin

6.4%

Operating Margin

2.3%

Net Margin

1.4%

FCF Margin

-2.5%

P/S

0.3x

P/E

22.3x

Earnings Reports

Q1 2026

Apr 2, 2026

$17.2B+18.1%EPS $4.04

FY 2025

Jan 27, 2026

$62.5B+6.9%EPS $9.95

Q1 2025

Apr 2, 2025

$14.5BEPS $1.98

FY 2024

Jan 24, 2025

$58.5B+1.6%EPS $7.95

Q3 2024

Oct 3, 2024

$14.7B+5.2%EPS $2.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$4.9B	$295M	$142M
Q2 21	$5.9B	$320M	$154M
Q3 21	$5.2B	$303M	$152M
Q4 21	$15.6B	$866M	$287M
Q1 22	$15.5B	$902M	$326M
Q2 22	$15.3B	$867M	$271M
Q3 22	$15.4B	$806M	$251M
Q4 22	$16.2B	$987M	$387M
Q1 23	$15.1B	$916M	$366M
Q2 23	$14.1B	$866M	$297M
Q3 23	$14.0B	$885M	$330M
Q4 23	$14.4B	$945M	$333M
Q2 24	$13.9B	$867M	$302M
Q3 24	$14.7B	$869M	$309M
Q1 25	$14.5B	$883M	$291M
Q1 26	$17.2B	$1.3B	$489M

Valuation

Quarter	P/S	P/E
Q1 21	0.2x	9.8x
Q2 21	0.3x	12.2x
Q3 21	0.3x	13.5x
Q4 21	0.3x	26.2x
Q1 22	0.2x	22.1x
Q2 22	0.2x	20.2x
Q3 22	0.2x	16.9x
Q4 22	0.2x	14.6x
Q1 23	0.1x	13.3x
Q2 23	0.1x	12.4x
Q3 23	0.2x	14.1x
Q4 23	0.2x	14.2x
Q2 24	0.2x	18.2x
Q3 24	0.2x	15.9x
Q1 25	0.2x	16.6x
Q1 26	0.2x	15.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$25M	$21M
Q2 21	$279M	$274M
Q3 21	-$56M	-$61M
Q4 21	$561M	$520M
Q1 22	-$1.3B	-$1.3B
Q2 22	$1.0B	$1.0B
Q3 22	-$67M	-$99M
Q4 22	$302M	$264M
Q1 23	-$103M	-$140M
Q2 23	$708M	$677M
Q3 23	$592M	$552M
Q4 23	$211M	$168M
Q2 24	-$115M	-$153M
Q3 24	$386M	$339M
Q1 25	-$748M	-$790M
Q1 26	-$896M	-$929M

Capital Expenditures

Quarter	CapEx
Q1 21	$4M
Q2 21	$5M
Q3 21	$5M
Q4 21	$41M
Q1 22	$25M
Q2 22	$21M
Q3 22	$32M
Q4 22	$39M
Q1 23	$37M
Q2 23	$30M
Q3 23	$40M
Q4 23	$43M
Q2 24	$38M
Q3 24	$47M
Q1 25	$42M
Q1 26	$33M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+21.0%	+20.5%
Q2 21	+31.0%	+30.1%
Q3 21	-1.9%	-2.3%
Q4 21	+110.6%	+116.7%
Q1 22	+213.2%	+215.7%
Q2 22	+160.7%	+163.0%
Q3 22	+194.9%	+198.8%
Q4 22	+4.1%	+3.5%
Q1 23	-2.2%	-2.5%
Q2 23	-7.9%	-8.2%
Q3 23	-9.1%	-9.8%
Q4 23	-11.3%	-11.3%
Q2 24	-7.8%	-7.5%
Q3 24	+4.4%	+4.4%
Q1 25	+4.1%	+4.5%
Q1 26	+19.1%	+18.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$5M	0.1%
Q2 21	$7M	0.1%
Q3 21	$7M	0.1%
Q4 21	$35M	0.2%
Q1 22	$20M	0.1%
Q2 22	$20M	0.1%
Q3 22	$20M	0.1%
Q4 22	$31M	0.2%
Q1 23	$25M	0.2%
Q2 23	$19M	0.1%
Q3 23	$20M	0.1%
Q4 23	$21M	0.1%
Q2 24	$13M	0.1%
Q3 24	$16M	0.1%
Q1 25	$22M	0.2%
Q1 26	$24M	0.1%

OpEx Breakdown

Quarter	SG&A
Q1 21	$153M
Q2 21	$166M
Q3 21	$151M
Q4 21	$579M
Q1 22	$577M
Q2 22	$596M
Q3 22	$555M
Q4 22	$600M
Q1 23	$550M
Q2 23	$569M
Q3 23	$554M
Q4 23	$612M
Q2 24	$565M
Q3 24	$559M
Q1 25	$593M
Q1 26	$763M

Revenue Segments

Quarter

Revenue by Geography

Quarter	Americas	Asia Pacific	Europe
Q1 22	$9.1B	$816M	$5.6B
Q2 22	$9.8B	$840M	$4.7B
Q3 22	$9.9B	$774M	$4.7B
Q1 23	$8.6B	$966M	$5.5B
Q2 23	$8.7B	$901M	$4.5B
Q3 23	$8.9B	$853M	$4.2B
Q2 24	$8.6B	$964M	$4.4B
Q3 24	$9.1B	$1.0B	$4.6B
Q1 25	$8.4B	$1.0B	$5.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$522M	$0	$522M
Q3 22	$351M	$0	$351M
Q4 22	$523M	$0	$523M
Q1 23	$539M	$0	$539M
Q2 23	$852M	$0	$852M
Q3 23	$1.3B	$0	$1.3B
Q4 23	$1.0B	$0	$1.0B
Q1 24	$1.0B	$0	$1.0B
Q2 24	$1.2B	$0	$1.2B
Q3 24	$854M	$0	$854M
Q4 24	$1.1B	$0	$1.1B
Q1 25	$542M	$0	$542M
Q2 25	$767M	$0	$767M
Q3 25	$874M	$0	$874M
Q4 25	$2.4B	$0	$2.4B
Q1 26	$1.6B	$0	$1.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	52M	+0.3%	+0.6%
Q2 21	52M	+0.3%	+1.3%
Q3 21	52M	+0.1%	+1.0%
Q4 21	57M	+10.6%	+11.3%
Q1 22	96M	+67.5%	+86.0%
Q2 22	96M	-0.2%	+85.2%
Q3 22	95M	-0.3%	+84.3%
Q4 22	95M	-0.3%	+66.2%
Q1 23	95M	-0.6%	-1.4%
Q2 23	94M	-0.9%	-2.2%
Q3 23	93M	-0.8%	-2.6%
Q4 23	90M	-2.7%	-5.0%
Q2 24	86M	-5.0%	-9.2%
Q3 24	85M	-1.1%	-9.3%
Q1 25	84M	-1.1%	-9.6%
Q1 26	80M	-4.5%	-11.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$17.6K	280K
Q2 21	$20.9K	280K
Q3 21	$18.6K	280K
Q4 21	$709.6K	22K
Q1 22	$703.2K	22K
Q2 22	$694.1K	22K
Q3 22	$698.0K	22K
Q4 22	$691.4K	24K
Q1 23	$643.6K	24K
Q2 23	$598.4K	24K
Q3 23	$594.1K	24K
Q4 23	$626.4K	23K
Q2 24	$606.4K	23K
Q3 24	$638.5K	23K
Q1 25	$631.8K	23K
Q1 26	$715.0K	24K

Revenue / Employee