FREMONT, CA and CLEARWATER, FL, June 24, 2025 – TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal second quarter ended May 31, 2025.
- Revenue of $14.9 billion, an increase of 2% year over year and above the high end of our outlook. On a constant currency(1) basis, revenue increased by 6.3% year over year.
- Non-GAAP gross billings(1) of $21.6 billion, an increase of 1% year over year and above the high end of our outlook. On a constant currency(1) basis, non-GAAP gross billings(1) increased by 11.3% year over year.
- Diluted earnings per share (“EPS”) of $2.21 and non-GAAP diluted EPS(1) of $2.99, above the high end of our outlook.
- Cash provided by operations of $573 million and free cash flow(1) of $543 million.
- Returned $186 million to stockholders in the form of $149 million of share repurchases and $37 million in dividends.
- Announced a quarterly cash dividend of $0.44 per common share, up 10% year over year.
“Our Q2 results demonstrate the continued strength of the IT Distribution and Hyperscaler markets, meanwhile, our strategy and the execution of our team are enabling us to grow ahead of market” said Patrick Zammit, CEO of TD SYNNEX. “Gross billings grew double digits and non-GAAP diluted EPS exceeded the high end of our guidance with all regions and major technologies contributing.”
The complete press release is available to download as a .pdf here.
Picture: Patrick Zammit, TD SYNNEX.
