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TD Synnex Corp (SNX) stock

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NYSE: SNX NYSE Technology Distributors Next results ~January 7, 2027

C+ Fundamentals grade

TD Synnex Corp is a US-listed company in the technology distributors industry. Its financial year ends in November.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($37.93) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($37.93) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

TD Synnex Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 9 selling0 purchases and 139 sales by directors and officers, last 12 monthsInsider trades
  • Funds398 adding, 270 cuttingOf 80 active managers that changed their stake, 44 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter TD Synnex files

Where TD Synnex stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $75.7bn, up 24.1% on a year earlier, faster than 16.3% a quarter earlier. That growth ranks 141 of 931 among all the companies we cover. Free-cash-flow margin fell to -1.1% from 0.8% a year earlier. The diluted share count is down 3.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 3 financial-health checks.

Our model value for TD Synnex is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 1, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 7, 2027 (estimated)

TD Synnex Corp's trailing-twelve-month revenue grew 24.1% year on year, with a free-cash-flow margin of -1.1%. Where it stands out: change in growth rate of +7.8pp ranks 3 of 12 technology distributors companies we cover. Where it lags: gross margin of 6.9% ranks 11 of 12 technology distributors companies we cover.

Our discounted-cash-flow model values the business at ~$38 per share in the base case (~$14–$69 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 24.1% (+7.8pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 24.1% over the last 12 months, against a median of 14.8% for technology distributors companies we cover.
  • Growth speeding up. The growth rate is 7.8 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 3.9% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 15.0% over 90 days.

Things to watch

  • Burning cash. Free cash flow was -1.1% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 36% and a beta of 1.5 against the S&P 500.
  • Insiders selling. 9 insiders sold $43M of stock over the past 365 days and none bought (61% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was -61% of net income over the last 12 months.
  • Below peers: gross margin. Gross margin of 6.9% ranks 11 of 12 technology distributors companies we cover (median 13.6%).

Latest results: FY2026 Q3

Filed October 1, 2026
Earnings per share
$5.68 against an average estimate of $4.70: beat by 20.8%
Revenue
$21.56bn, up 37.7% on a year earlier
Share reaction
-8.6% in the first session after the results on September 24, 2026, against +0.5% for the S&P 500
Guidance given
revenue $21.8bn to $22.6bn (Q4 2026 Outlook); non-GAAP gross billings $31.4bn to $32.4bn (Q4 2026 Outlook)
Next report
September 24, 2026; average EPS estimate $5.99

TD Synnex's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-6.1%
  • 1 week-11.3%
  • 1 month-20.0%
  • This year+49.3%
  • 1 year+43.3%
  • 5 years+114.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$75.7B
Operating margin
2.7%
Net margin
1.8%
EPS (TTM, diluted)
$16.56

Growth

Revenue growth
+24.1%
Change in growth rate
+7.8 pts
Share count change
−3.9%

Cash

Free cash flow (TTM)
-$815M
FCF margin
-1.1%
Stock pay % of revenue
0.1%

Earnings

Last results
September 24, 2026
Next results (est.)
January 7, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Partnership
  2. Product
  3. Product
  4. Announcement
  5. Announcement
  6. Deal
  7. Agreement
  8. Results
  9. Guidance
  10. Results
  11. Partnership
  12. Product
  13. Leadership
  14. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TD Synnex Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($37.93) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of TD Synnex Corp's free cash flow after stock-based pay ( $267M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value TD Synnex Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.16 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$38 ~$14–$69 Left out: out of range vs price (0.17x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$240 ~$190–$310 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$120 ~$83–$170 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$100–$140 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TD Synnex Corp with Technology Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$41.75$52.26$61.42$36.92$57.00$74.61$97.04$97.19$95.06$116.31$151.05$222.22
Market value$1.6bn$2.1bn$2.4bn$1.5bn$2.9bn$3.8bn$6.1bn$9.3bn$8.8bn$10.0bn$12.5bn$17.8bn
+ Net debt (− = net cash)$395m$586m$1.4bn$3.0bn$2.8bn$1.4bn$3.2bn$3.6bn$3.1bn$2.9bn$2.2bn$4.8bn
Enterprise value$2.0bn$2.7bn$3.8bn$4.5bn$5.7bn$5.2bn$9.3bn$12.9bn$11.9bn$12.9bn$14.6bn$22.6bn
Multiples
Price / sales 0.1x0.1x0.1x0.1x0.2x0.2x0.2x0.1x0.2x0.2x0.2x0.2x
Price / earnings 7.9x8.8x8.1x5.1x5.8x7.2x15.4x14.3x14.1x14.5x15.0x13.4x
Price / free cash flow 3.0x10.3x30.8x—7.0x2.1x7.9x—7.0x9.6x9.0x—
EV / EBITDA 4.4x5.3x5.8x5.9x6.4x6.0x12.0x8.5x7.9x8.0x8.0x9.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard TD Synnex's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Cash operating profit has been a median 3.3% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 6.9%, moving by 3.1 percentage points (standard deviation) across 10 years.

  • Durability 9 / 20

    Operating margin has been a median 2.4%; its worst year was 1.5%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 8 of 10 years, at a median 0.8% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 56.6% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $21.24 +61% $80.5bn +29%
Next $24.63 +16% $89.2bn +11%

Next year's EPS estimate has moved +15.0% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +11.9% on 90 days ago. In the last 30 days, 10 analysts raised TD Synnex Corp's forecast and 0 cut it.

Consensus EPS forecast TD Synnex Corp, last 90 days
$18.00 $20.00 $22.00 $24.00 $26.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $18.97 Current fiscal year, 60 days ago: $18.97 Current fiscal year, 30 days ago: $21.26 Current fiscal year, 7 days ago: $21.24 Current fiscal year, Now: $21.24 $21.24 Next fiscal year, 90 days ago: $21.41 Next fiscal year, 60 days ago: $21.41 Next fiscal year, 30 days ago: $24.03 Next fiscal year, 7 days ago: $24.63 Next fiscal year, Now: $24.63 $24.63

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $18.97$21.41
60 days ago $18.97$21.41
30 days ago $21.26$24.03
7 days ago $21.24$24.63
Now $21.24$24.63

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 $4.70 $5.68 +20.8%
May 2026 $4.14 $4.85 +17.1%
Feb 2026 $3.31 $4.73 +43.0%
Nov 2025 $3.73 $3.83 +2.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 24, 2026
  • Revenue Q4 2026 Outlook $21.8bn to $22.6bn
    “Revenue $21.8 - $22.6 billion” source
  • Diluted earnings per share Q4 2026 Outlook $4.58 to $5.08 GAAP
    “Diluted earnings per share $4.58 - $5.08” source
  • Non-GAAP diluted earnings per share Q4 2026 Outlook $5.65 to $6.15 Non-GAAP
    “Non-GAAP diluted earnings per share (1) $5.65 - $6.15” source
  • Non-GAAP gross billings Q4 2026 Outlook $31.4bn to $32.4bn Non-GAAP
    “Non-GAAP gross billings (1) $31.4 - $32.4 billion” source
  • Net income Q4 2026 Outlook $368m to $408m GAAP
    “Net income $368 - $408 million” source
  • Non-GAAP net income Q4 2026 Outlook $454m to $494m Non-GAAP
    “Non-GAAP net income (1) $454 - $494 million” source

How earlier guidance turned out

  • Diluted earnings per share, Q3 2026 Outlook guided $3.40 to $3.90 Above range: $5.18
  • Net income, Q3 2026 Outlook guided $273m to $313m Above range: $416m
  • Revenue, Q3 2026 Outlook guided $18.2bn to $19bn Above range: $21.558406bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows TD Synnex Corp's revenue by +16.5% next year and +11.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.0%, weight 55%) , management guidance (+27.7%, weight 19%) and the company's own record (+11.1%, weight 26%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy1091%
Hold19%
Sell00%

Monthly trend

  1. Oct 202646111
  2. Sep 202646111
  3. Aug 202646111
  4. Jul 202646111

Counts of recommendations published by analysts covering TD Synnex Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.7%
of tradable shares
Days to cover
1.67
at average volume
Short interest, 1 month
+20%
to October 15, 2026
Held by institutions
95%
of shares
Held by insiders
5.0%
of shares
Employees
24,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +43.3%

$155.03 on October 31, 2025 to $222.22

ThenNowEffect
Revenue (last 12 months) $61.0bn $75.7bn +24.1%
Net margin 1.3% 1.8% +38.0%
P/E multiple 16.7x 13.4x −19.6%
Share count 83m 80m +4.1%

Biggest factor: net margin.

Last 3 years +142.0%

$91.83 on November 3, 2023 to $222.22

ThenNowEffect
Revenue (last 12 months) $59.4bn $75.7bn +27.4%
Net margin 1.1% 1.8% +57.5%
P/E multiple 13.1x 13.4x +2.7%
Share count 94m 80m +17.4%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SNX+42%−16%+15%+11%+30%+49%
Industry peers (median)+38%−8%+36%−2%−17%+45%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SNX67%42%67%58%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SNX−21%−30%−21%−17%−34%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 56% from January 15, 2020 to March 18, 2020. Getting back needed a 127% gain, reached on October 5, 2020, 201 days after the low.

Price behaviour

52-week range
$141.09 – $289.02
From 52-week high
−23.1%
vs 50-day average
−14.4%
vs 200-day average
−1.6%
Volatility (1 year)
36%
Beta vs S&P 500
1.51

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±8.1%
After a week
5 up, 7 down
typical move ±10.1%
After a month
7 up, 5 down
typical move ±13.3%
Results releasedNext dayS&P 500 next day5 days21 days
September 24, 2026 −8.6% +0.5% −5.6% −13.9%
June 25, 2026 −6.0% −0.6% −13.6% −13.4%
March 31, 2026 +16.3% +3.7% +25.0% +42.8%
January 8, 2026 −0.4% +0.7% −0.4% +14.4%
September 25, 2025 +9.4% +0.1% +9.1% +3.4%
June 24, 2025 +8.0% +1.2% +6.4% +14.7%
March 27, 2025 −16.6% −2.3% −20.7% −11.4%
January 10, 2025 +8.8% −1.4% +12.3% +17.5%
September 26, 2024 +2.0% +0.3% −1.7% +3.1%
June 25, 2024 −10.2% +0.5% −13.1% −9.9%
March 26, 2024 +10.0% +0.7% +12.1% +11.7%
January 9, 2024 +0.5% +0.4% −1.2% −3.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

TD Synnex Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) TD Synnex Corp
$55B $60B $65B $70B $75B $80B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $57.6B Revenue (TTM), FY24 Q1: $56.4B Revenue (TTM), FY24 Q2: $56.3B Revenue (TTM), FY24 Q3: $57B Revenue (TTM), FY24 Q4: $58.5B Revenue (TTM), FY25 Q1: $59B Revenue (TTM), FY25 Q2: $60B Revenue (TTM), FY25 Q3: $61B Revenue (TTM), FY25 Q4: $62.5B Revenue (TTM), FY26 Q1: $65.1B Revenue (TTM), FY26 Q2: $69.8B Revenue (TTM), FY26 Q3: $75.7B $75.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $57.6B
FY24 Q1 $56.4B
FY24 Q2 $56.3B
FY24 Q3 $57B
FY24 Q4 $58.5B
FY25 Q1 $59B
FY25 Q2 $60B
FY25 Q3 $61B
FY25 Q4 $62.5B
FY26 Q1 $65.1B
FY26 Q2 $69.8B
FY26 Q3 $75.7B
Revenue growth, TTM YoY TD Synnex Corp
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -7.7% Revenue growth, TTM YoY, FY24 Q1: -9.0% Revenue growth, TTM YoY, FY24 Q2: -7.4% Revenue growth, TTM YoY, FY24 Q3: -4.0% Revenue growth, TTM YoY, FY24 Q4: 1.6% Revenue growth, TTM YoY, FY25 Q1: 4.6% Revenue growth, TTM YoY, FY25 Q2: 6.6% Revenue growth, TTM YoY, FY25 Q3: 6.9% Revenue growth, TTM YoY, FY25 Q4: 6.9% Revenue growth, TTM YoY, FY26 Q1: 10.4% Revenue growth, TTM YoY, FY26 Q2: 16.3% Revenue growth, TTM YoY, FY26 Q3: 24.1% 24.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -7.7%
FY24 Q1 -9.0%
FY24 Q2 -7.4%
FY24 Q3 -4.0%
FY24 Q4 1.6%
FY25 Q1 4.6%
FY25 Q2 6.6%
FY25 Q3 6.9%
FY25 Q4 6.9%
FY26 Q1 10.4%
FY26 Q2 16.3%
FY26 Q3 24.1%
Operating margin (TTM) TD Synnex Corp
1.5% 2% 2.5% 3% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 1.9% Operating margin (TTM), FY24 Q1: 1.9% Operating margin (TTM), FY24 Q2: 1.9% Operating margin (TTM), FY24 Q3: 2.0% Operating margin (TTM), FY24 Q4: 2.0% Operating margin (TTM), FY25 Q1: 2.0% Operating margin (TTM), FY25 Q2: 2.1% Operating margin (TTM), FY25 Q3: 2.2% Operating margin (TTM), FY25 Q4: 2.3% Operating margin (TTM), FY26 Q1: 2.5% Operating margin (TTM), FY26 Q2: 2.6% Operating margin (TTM), FY26 Q3: 2.7% 2.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 1.9%
FY24 Q1 1.9%
FY24 Q2 1.9%
FY24 Q3 2.0%
FY24 Q4 2.0%
FY25 Q1 2.0%
FY25 Q2 2.1%
FY25 Q3 2.2%
FY25 Q4 2.3%
FY26 Q1 2.5%
FY26 Q2 2.6%
FY26 Q3 2.7%
FCF margin (TTM) TD Synnex Corp
-2% 0% 2% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 2.2% FCF margin (TTM), FY24 Q1: 3.1% FCF margin (TTM), FY24 Q2: 1.6% FCF margin (TTM), FY24 Q3: 1.2% FCF margin (TTM), FY24 Q4: 1.8% FCF margin (TTM), FY25 Q1: -0.2% FCF margin (TTM), FY25 Q2: 1.0% FCF margin (TTM), FY25 Q3: 0.8% FCF margin (TTM), FY25 Q4: 2.2% FCF margin (TTM), FY26 Q1: 1.9% FCF margin (TTM), FY26 Q2: 0.5% FCF margin (TTM), FY26 Q3: -1.1% -1.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 2.2%
FY24 Q1 3.1%
FY24 Q2 1.6%
FY24 Q3 1.2%
FY24 Q4 1.8%
FY25 Q1 -0.2%
FY25 Q2 1.0%
FY25 Q3 0.8%
FY25 Q4 2.2%
FY26 Q1 1.9%
FY26 Q2 0.5%
FY26 Q3 -1.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar TD Synnex took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $62.5B
  2. Cost of revenue $58.1B · 93.0%
  3. Gross profit $4.4B · 7.0%
  4. Selling, general and admin $2.9B · 4.7%
  5. Operating income $1.4B · 2.3%
  6. Interest and other $358M · 0.6%
  7. Net income $828M · 1.3%

Shares of revenue. Source: TD Synnex's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Nov 2009 2010 Nov 2010 2011 Nov 2011 2012 Nov 2012 2013 Nov 2013 2014 Nov 2014 2015 Nov 2015 2016 Nov 2016 2017 Nov 2017 2018 Nov 2018 2019 Nov 2019 2020 Nov 2020 2021 Nov 2021 2022 Nov 2022 2023 Nov 2023 2024 Nov 2024 2025 Nov 2025 LTM Aug 2026
Income
Revenue 7.7 8.6 10.4 10.3 10.8 13.8 13.3 14.1 17.0 20.1 19.1 20.0 31.6 62.3 57.6 58.5 62.5 75.7
Gross profit 0.4 0.5 0.6 0.7 0.7 1.1 1.2 1.3 1.5 1.9 1.2 1.2 1.9 3.9 4.0 4.0 4.4 5.2
EBITDA 0.2 0.2 0.3 0.3 0.3 0.4 0.5 0.5 0.7 0.8 0.9 0.9 0.8 1.5 1.5 1.6 1.8 2.5
Operating income 0.1 0.2 0.3 0.3 0.2 0.3 0.4 0.4 0.5 0.6 0.5 0.5 0.6 1.1 1.1 1.2 1.4 2.1
Net income 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.5 0.5 0.4 0.7 0.6 0.7 0.8 1.3
Diluted EPS $2.64 $3.58 $4.08 $3.96 $3.02 $4.57 $5.24 $5.88 $7.48 $7.17 $9.74 $10.21 $6.24 $6.77 $6.70 $7.95 $9.95 $16.56
Growth (year on year)
Revenue — +11.6% +20.8% −1.2% +5.4% +27.6% −3.6% +5.4% +21.2% +17.6% −4.9% +4.8% +58.3% +97.2% −7.7% +1.6% +6.9% +24.1%
EBITDA — +28.7% +30.4% −0.4% −5.1% +50.9% +14.5% +9.3% +33.2% +16.2% +15.0% −3.2% −10.2% +95.4% −1.2% +7.0% +14.2% +41.0%
Operating income — — +28.7% −0.5% −5.6% +28.1% +14.9% +7.1% +33.7% +8.5% −5.6% +0.4% +19.5% — — — +18.5% +52.9%
Net income — — — — — — — — — — — +5.7% −25.3% — — — — —
Diluted EPS — — — — — — — — — — — +4.8% −38.9% — — — — —
Margins
Gross margin 5.5% 5.7% 6.1% 6.4% 6.0% 7.9% 8.9% 9.1% 9.1% 9.6% 6.1% 6.0% 6.0% 6.3% 6.9% 6.8% 7.0% 6.9%
EBITDA margin 2.2% 2.5% 2.7% 2.7% 2.4% 2.9% 3.4% 3.6% 3.9% 3.9% 4.7% 4.3% 2.5% 2.4% 2.6% 2.7% 2.9% 3.3%
Operating margin 1.9% 2.3% 2.5% 2.5% 2.2% 2.2% 2.7% 2.7% 3.0% 2.7% 2.7% 2.6% 2.0% 1.7% 1.9% 2.0% 2.3% 2.7%
Net margin 1.2% 1.5% 1.4% 1.5% 1.4% 1.3% 1.6% 1.7% 1.8% 1.5% 2.6% 2.6% 1.2% 1.0% 1.1% 1.2% 1.3% 1.8%
Free-cash-flow margin 3.1% −0.9% 1.7% 2.2% 0.1% −2.1% 4.1% 1.4% 0.5% −0.1% 2.2% 9.0% 2.4% −0.2% 2.2% 1.8% 2.2% −1.1%
Cash flow
Cash from operations 0.3 −0.1 0.2 0.2 0.0 −0.2 0.6 0.3 0.2 0.1 0.5 1.8 0.8 −0.0 1.4 1.2 1.5 −0.6
Capital spending 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.1 0.2 0.2 0.1 0.2
Free cash flow 0.2 −0.1 0.2 0.2 0.0 −0.3 0.5 0.2 0.1 −0.0 0.4 1.8 0.8 −0.1 1.3 1.0 1.4 −0.8
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.2 −0.1 0.2 0.2 −0.0 −0.3 0.5 0.2 0.1 −0.0 0.4 1.8 0.7 −0.2 1.2 1.0 1.3 −0.9
Balance sheet
Cash 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.4 0.6 0.5 0.2 1.4 1.0 0.5 1.0 1.1 2.4 0.7
Total debt 0.0 0.4 0.4 0.3 0.3 1.0 0.7 1.0 1.9 3.5 3.0 2.8 4.2 4.1 4.1 3.9 4.6 5.5
Net debt (negative = net cash) −0.1 0.3 0.3 0.1 0.2 0.8 0.4 0.6 1.4 3.0 2.8 1.4 3.2 3.6 3.1 2.9 2.2 4.8
Diluted shares 34m 36m 37m 38m 38m 39m 39m 40m 40m 41m 51m 51m 63m 96m 93m 86m 82m 80m
Returned to shareholders
Dividends — — — 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.2
Buybacks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.6 0.6 0.6 0.5
Total returned 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.2 0.8 0.7 0.7 0.6

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · August 31, 2026
What it owns · $41.8bn
Short-term assets $32.9bnLonger-term assets $9.0bn
What it owes, and who funded it · $41.8bn
Short-term liabilities $27.6bnLonger-term liabilities $4.9bnShareholders' equity $9.3bn
  • Short-term assets cover short-term liabilities $32.9bn of assets due within a year against $27.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $32.9bn short-term assets against $4.9bn of longer-dated liabilities.
  • More cash than debt $749m of cash against $5.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 59% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 49% to 59% over five years.
  • A year's operating cash flow covers at least 20% of debt −$618m of operating cash flow against $5.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $2.1bn against $321m of interest.

From TD Synnex Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$465M
Dividends (TTM)
$152M
Returned to shareholders
-76%
of free cash flow
Buybacks, last 3 fiscal years
$1.8B
Diluted share count
−3.9%
year over year
Total shareholder yield
3.5%
dividends 0.9% + buybacks 2.6% of market value
Dividend payout ratio
11%
of net income paid out
Sales & admin spending
4.2%
of revenue
Days sales outstanding
72 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in technology distributors
Last 12 months unless stated SNX INGM ARW AVT CDW NSIT Median
Revenue, last 12 months $75.7bn $58.6bn $35.9bn $27.6bn $23.5bn $8.6bn $5.9bn
Revenue growth, last 12 months 24.1% 14.8% 26.1% 24.5% 7.4% 2.7% 14.4%
Revenue growth, 3-year average 8.4% — 0.1% 1.4% 1.6% −4.0% 1.4%
Revenue growth, latest quarter 37.7% 20.8% 31.8% 47.7% 10.0% 14.7% 22.0%
Gross margin 6.9% 6.6% 11.3% 10.4% 21.4% 22.1% 12.4%
Operating margin 2.7% 1.8% 3.4% 2.6% 7.1% 4.6% 3.2%
Operating margin, 3-year average 2.3% 1.8% 3.2% 2.8% 7.6% 4.4% 3.0%
Net margin 1.8% 0.8% 2.3% 1.2% 4.6% 2.5% 2.4%
Cash from operations / revenue −0.8% 0.5% 2.6% −1.0% 4.2% 4.9% 2.4%
Free-cash-flow margin −1.1% 0.3% 2.3% −1.3% 3.7% 4.6% 1.3%
Free-cash-flow margin, 3-year average 0.3% −0.3% 2.7% 1.1% 5.1% 4.8% 2.5%
Stock pay / revenue 0.1% 0.1% 0.1% 0.2% 0.4% 0.4% 0.4%
Change in share count −3.9% −0.2% −1.7% −4.6% −2.9% −13.2% −2.0%

Median of all 12 companies we cover in technology distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 technology distributors companies
Measure Company Peer median Rank
Revenue growth Growth 24.1% 14.8% 5 of 12
Change in growth rate Growth +7.8pp +4.5pp 3 of 12
Gross margin Profitability 6.9% 13.6% 11 of 12
Operating margin Profitability 2.7% 3.4% 8 of 12
Net margin Profitability 1.8% 2.4% 8 of 12
Free-cash-flow margin Cash generation -1.1% 2.3% 10 of 12
Stock pay as % of revenue Cash generation 0.1% 0.4% 3 of 11
Long-term debt as % of assets Balance sheet 8.6% 12.4% 4 of 8
Change in share count Balance sheet -3.9% -1.7% 4 of 12
Days sales outstanding Balance sheet 72 days 91 days 4 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$19.5B
Institutions reporting
734
Shares held vs prior quarter
0.0%
Positions opened / closed
163 / 36

Top buyers and sellers, Q2 2026: 398 institutions bought and 270 sold ; the biggest buyer was T. Rowe Price Investment Management, Inc (+1.4M shares) and the biggest seller Brave Warrior Advisors, LLC (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2B 7.3M 10.0% ▲ 0.5%
FMR LLC $1.7B 6.4M 8.8% ▲ 15.9%
Vanguard Portfolio Management LLC $1B 3.9M 5.4% ▼ 6.0%
Vanguard Capital Management LLC $882M 3.3M 4.5% ▲ 0.5%
State Street Corp $637M 2.4M 3.3% ▲ 0.9%
LSV Asset Management $596M 2.2M 3.1% ▲ 4.3%
Abrams Bison Investments, LLC $540M 2.0M 2.8% ▼ 18.9%
Dimensional Fund Advisors LP $487M 1.8M 2.5% ▼ 32.0%
Geode Capital Management, LLC $465M 1.7M 2.4% ▲ 1.2%
Ninety One Uk Ltd $441M 1.6M 2.3% ▼ 21.3%
Price T Rowe Associates Inc $386M 1.4M 2.0% ▲ 423.2%
Brave Warrior Advisors, LLC $385M 1.4M 2.0% ▼ 52.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TD Synnex Corp's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $42.7M 139 trades by 9 insiders · 61% under pre-set plans
Net ▼ $42.7M net selling
Insider Date Trade Shares Price Value
Dhanji Alim Chief Human Resources Officer October 22, 2026 Sell 82 $241.20 $19,778
Dhanji Alim Chief Human Resources Officer October 22, 2026 Sell 1,243 $241.14 $299,737
Dhanji Alim Chief Human Resources Officer October 22, 2026 Sell 2,450 $240.93 $590,278
Polk Dennis Chair, Hyve Solutions October 21, 2026 Sell 3,955 $251.27 $993,773
Thompson Reyna President, North America October 20, 2026 Sell pre-set plan 100 $251.11 $25,111
Thompson Reyna President, North America October 20, 2026 Sell pre-set plan 100 $250.65 $25,065
Thompson Reyna President, North America October 20, 2026 Sell pre-set plan 600 $249.47 $149,682
Thompson Reyna President, North America October 20, 2026 Sell pre-set plan 814 $248.53 $202,303
Thompson Reyna President, North America October 20, 2026 Sell pre-set plan 619 $247.80 $153,388
Thompson Reyna President, North America October 20, 2026 Sell pre-set plan 200 $244.67 $48,934
Polk Dennis Chair, Hyve Solutions October 15, 2026 Sell pre-set plan 5 $255.24 $1,276
Polk Dennis Chair, Hyve Solutions October 15, 2026 Sell pre-set plan 295 $254.66 $75,125

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in TD Synnex Corp disclosed in the last 12 months; 1 earlier trade on record.

  • Chris Jacobs(R-NY 27):Sale (full), $1,001 - $15,000, traded September 8, 2020, filed November 6, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 7, 2027 estimated from the company's past filing pattern, not announced

  • September 24, 2026
  • June 25, 2026
  • March 31, 2026
  • January 8, 2026
  • September 25, 2025
  • June 24, 2025

Recent SEC filings

Data status

When each part of this page on TD Synnex Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TD Synnex Corp in brief

What does TD Synnex Corp do?
TD Synnex Corp is a US-listed company in the technology distributors industry. Its financial year ends in November.
What is TD Synnex Corp's stock ticker?
TD Synnex Corp trades under the ticker SNX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TD Synnex Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, TD Synnex Corp reported revenue of $75.7B, 24.1% higher than a year earlier, according to its SEC filings.
What is TD Synnex Corp's free cash flow?
TD Synnex Corp's free-cash-flow margin is -1.1% of revenue over the trailing twelve months, ranking 10 of the 12 technology distributors companies we cover.
Who are TD Synnex Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is TD Synnex Corp buying back stock, and does it pay a dividend?
TD Synnex Corp spent $465M on share repurchases over the trailing twelve months, and its diluted share count fell 3.9% over the year.
What is TD Synnex Corp's market cap?
On November 2, 2026, TD Synnex Corp's market capitalisation was about $17.8B, with a price-to-earnings ratio of 13.4 and net debt of $4.8B. Market figures come from third-party market data and may be delayed.
Does TD Synnex Corp pay a dividend?
Yes: TD Synnex Corp paid $152M in dividends over the trailing twelve months, a dividend yield of 0.86% and a payout ratio of 11.4%.
How much debt does TD Synnex Corp have?
TD Synnex Corp's debt-to-equity ratio is 59.4%, from its latest balance sheet (49.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are TD Synnex Corp's competitors?
In our Technology Distributors peer group, the companies closest to TD Synnex Corp are Ingram Micro Holding Corp, Arrow Electronics, Inc., Avnet Inc, CDW Corporation and Insight Enterprises Inc. The side-by-side comparison below sets their revenue, margins and growth against TD Synnex Corp's.
Are insiders buying or selling TD Synnex Corp stock?
Over the last 12 months, TD Synnex Corp's directors and officers reported 0 open-market purchases and 139 sales on Form 4. The insider trading page charts every trade.
When is TD Synnex Corp's next earnings date?
Around January 7, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — TD Synnex Corp announces its own schedule.