Avnet, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.63B | $22.20B | $23.76B | $26.54B | $24.31B | $19.53B | $17.63B | $19.52B |
| Cost of Revenue | $24.75B | $19.82B | $20.99B | $23.35B | $21.35B | $17.29B | $15.57B | $17.03B |
| Gross Profit | $2.88B | $2.38B | $2.77B | $3.18B | $2.97B | $2.24B | $2.06B | $2.49B |
| Gross Margin | 10.4% | 10.7% | 11.6% | 12.0% | 12.2% | 11.5% | 11.7% | 12.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.02B | $1.76B | $1.87B | $1.97B | $1.99B | $1.87B | $1.84B | $1.87B |
| Operating Income | $724.8M | $514.3M | $844.4M | $1.19B | $939.0M | $281.4M | $-4.6M | $365.9M |
| Operating Margin | 2.6% | 2.3% | 3.6% | 4.5% | 3.9% | 1.4% | 0.0% | 1.9% |
| Interest Expense | — | — | $282.9M | $250.9M | $100.4M | $89.5M | $122.7M | $134.9M |
| Pretax Income | $467.4M | $250.6M | $632.3M | $982.9M | $833.3M | $172.9M | $-129.6M | $236.6M |
| Income Tax Expense | $133.0M | $10.4M | $133.6M | $212.0M | $141.0M | $-20.2M | $-98.5M | $60.3M |
| Net Income | $334.4M | $240.2M | $498.7M | $770.8M | $692.4M | $193.1M | $-31.1M | $176.3M |
| Net Margin | 1.2% | 1.1% | 2.1% | 2.9% | 2.8% | 1.0% | -0.2% | 0.9% |
| EPS (Basic) | $4.07 | $2.78 | $5.51 | $8.37 | $7.02 | $1.95 | $-0.31 | $1.61 |
| EPS (Diluted) | $4.01 | $2.75 | $5.43 | $8.26 | $6.94 | $1.93 | $-0.31 | $1.59 |
| Shares Outstanding (Basic) | 82.2M | 86.3M | 90.6M | 92.0M | 98.7M | 99.3M | 100.5M | 109.8M |
| Shares Outstanding (Diluted) | 83.4M | 87.4M | 91.8M | 93.4M | 99.8M | 100.2M | 100.5M | 110.8M |
| Dividends Per Share | $1.40 | $1.32 | $1.24 | $1.16 | $1.00 | $0.85 | $0.84 | $0.80 |