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Saturday 17 October 2026 Export JBL’s income statement to Excel — free account

Jabil, Inc.

JBL Technology Electronic Components

Jabil, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $36.0 billion, up 20.6% from fiscal 2025. In the quarter to August 2026, revenue grew 28.7%, EPS grew 86.6%, free cash flow grew 7.13% and total debt rose 20.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

278.25 8.89 −3.10%
Market cap
$30.1B
P/E
28.2×
Fwd P/E
31.7×
Dividend yield
0.12%
F-score
7/9
Altman Z
2.64
Beneish M
−2.18
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Jabil, Inc. (JBL) Financial Analysis

Updated · Covers results through Q4 FY2026 · Sources · How this is made

Snapshot

Jabil generated $36.0 billion of revenue, $1.0 billion of net income and $1.5 billion of free cash flow in FY2026. Operating income was $1.7 billion in FY2026, while diluted EPS was $9.73 in FY2026. Revenue in Q4 FY2026 was $10.6 billion, compared with $8.8 billion in Q3 FY2026 and $8.3 billion in Q4 FY2025.

In Q4 FY2026, gross profit was $1.0 billion, operating income was $602.0 million and net income was $397.0 million. Diluted EPS was $3.75 in Q4 FY2026, with free cash flow of $541.0 million in Q4 FY2026. The latest reported quarter ended August 31, 2026.

Growth

Revenue was $36.0 billion in FY2026 and grew 20.6% in FY2026 against FY2025. Revenue compound annual growth was 1.19% in FY2023–FY2026 and 4.19% in FY2021–FY2026. Diluted EPS was $9.73 in FY2026, rising 64.3% in FY2026 against FY2025; its compound annual growth was 17.4% in FY2023–FY2026 and 16.3% in FY2021–FY2026.

Free cash flow reached $1.5 billion in FY2026, increasing 16.2% in FY2026 against FY2025. Free cash flow compound annual growth was 14.3% in FY2023–FY2026 and 19.1% in FY2021–FY2026. In Q4 FY2026, revenue grew 21.3% against Q3 FY2026, diluted EPS grew 44.6% against Q3 FY2026, and free cash flow grew 50.7% against Q3 FY2026.

Profitability

Gross margin was 9.23% in FY2026, an increase of 0.3 percentage points in FY2025–FY2026 and 1.2 percentage points in FY2021–FY2026. Operating margin was 4.74% in FY2026, up 0.8 percentage points in FY2025–FY2026 and 1.1 percentage points in FY2021–FY2026. Pre-tax margin was 3.92% in FY2026, up 0.9 percentage points in FY2025–FY2026 and 0.7 percentage points in FY2021–FY2026.

Net margin was 2.89% in FY2026, increasing 0.7 percentage points in FY2025–FY2026 and 0.5 percentage points in FY2021–FY2026. Return on equity was 66.5%, return on assets was 4.53%, and return on invested capital was 38.6% in FY2026. No industry median profitability measures are reported.

Balance sheet

Total debt was $2.9 billion in FY2026, compared with $2.4 billion in FY2025. Cash and short-term investments were $1.7 billion in FY2026, compared with $1.9 billion in FY2025. Net debt was $1.1 billion in FY2026, compared with $453.0 million in FY2025. Net debt was also $1.1 billion in Q4 FY2026.

Shareholders’ equity was $1.6 billion in FY2026, compared with $1.5 billion in FY2025, and book value per share was $15.28 in FY2026. Working capital was −$153.0 million in FY2026, following $6.0 million in FY2025. The current ratio was 1.0× in Q4 FY2026, and debt to equity was 1.8× in Q4 FY2026.

Cash flow & capital return

Operating cash flow was $2.0 billion in FY2026, up 22.1% in FY2026 against FY2025. Capital expenditure was $470.0 million in FY2026, compared with $322.0 million in FY2025. Free cash flow was $1.5 billion in FY2026 and represented 147.3% of net income in FY2026.

Dividends paid were $35.0 million in FY2026, while net share repurchases were $1.1 billion in FY2026. Capital returned to shareholders was $1.1 billion in FY2026 and $5.9 billion in FY2022–FY2026. Weighted average shares were 105.8 million shares in FY2026, compared with 109.5 million shares in FY2025; the share count changed −28.8% in FY2021–FY2026.

Valuation

As of August 28, 2026, market capitalisation was $31.6 billion. P/E was 37.2× as of August 28, 2026, higher than the 18.6× five-year median and the 24.8× ten-year median, both measured as of August 28, 2026. P/E was lower than the 40.2× industry median as of August 28, 2026.

P/S was 0.9× as of August 28, 2026, higher than the 0.4× five-year median and 0.3× ten-year median, and lower than the 3.4× industry median as of August 28, 2026. P/B was 23.9× as of August 28, 2026, higher than the 7.3× five-year median, 3.9× ten-year median and 3.9× industry median. EV/Sales was 1.0× as of August 28, 2026, higher than its historical medians and lower than the 3.6× industry median.

What changed since last quarter

Revenue was $10.6 billion in Q4 FY2026, up 21.3% against Q3 FY2026 and 28.6% against Q4 FY2025. Diluted EPS was $3.75 in Q4 FY2026, up 44.6% against Q3 FY2026 and 88.2% against Q4 FY2025. Free cash flow was $541.0 million in Q4 FY2026, up 50.7% against Q3 FY2026 and 7.13% against Q4 FY2025. Operating margin increased 0.6 percentage points in Q4 FY2026 against Q3 FY2026 and 1.6 percentage points in Q4 FY2026 against Q4 FY2025.

Management’s discussion for the nine months ended May 31, 2026 attributes revenue growth to Intelligent Infrastructure, Regulated Industries, and digital commerce growth, partly offset by connected living. Management attributes higher gross profit as a share of revenue in the nine months ended May 31, 2026 to product mix in Intelligent Infrastructure. The filing does not identify separate reasons for Q4 FY2026 changes.

Open questions

  • What factors drove the Q4 FY2026 revenue increase beyond the nine-month segment commentary?
  • What explains the increase in net debt between FY2025 and FY2026?
  • How will changes in working capital affect future operating cash flow?
  • What portion of FY2026 share repurchases was completed at different share prices?

Sources

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.