Scansource (SCSC) FY2025 results: revenue $3.0 billion, down 6.7% on the year

Scansource, Inc. (SCSC) reported revenue of $3.0 billion for fiscal 2025, the year ended 30 June 2025, down 6.7% on the year before. Net income was $72 million, down 7.2%, and diluted earnings per share $3.00. The figures are the company's own, from the 10-K it filed with the SEC on 21 August 2025.

Revenue

$3.0 billion

-6.7% on the year

FY2018FY2025

Operating margin

2.8%

2.8% a year earlier

FY2018FY2025

Net income

$72 million

-7.2% on the year

FY2018FY2025

Diluted EPS

$3.00

-2.0% on the year

FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ million	FY2025	FY2024	FY2023	On the year
Revenue	3,041	3,260	3,788	-6.7%
Cost of revenue	2,632	2,861	3,338	-8.0%
Gross profit	409	399	449	+2.4%
Gross margin	13.4%	12.2%	11.9%
Selling, general and administrative	287	277	286	+3.4%
Operating income	85.2	90.3	136	-5.7%
Operating margin	2.8%	2.8%	3.6%
Interest expense	8.0	13.0	19.8	-38.5%
Pre-tax income	94.4	99.8	122	-5.5%
Income tax	22.8	22.8	33.8	+0.3%
Effective tax rate	24.2%	22.8%	27.7%
Net income	71.5	77.1	89.8	-7.2%
Net margin	2.4%	2.4%	2.4%
Diluted EPS	$3.00	$3.06	$3.54	-2.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2025	FY2024	FY2023	On the year
Operating cash flow	112	372	-35.8	-69.8%
Capital expenditure	8.3	8.6	10.0	-3.1%
Free cash flow	104	363	-45.7	-71.3%
Free cash flow margin	3.4%	11.1%	-1.2%
Cash from investing	-62.4	9.0	n/a
Cash from financing	-111	-228	n/a
Depreciation and amortisation	30.2	28.0	28.6	+7.8%
Share-based compensation	11.1	9.5	11.2	+16.0%
Buybacks	107	42.9	15.7	+148.3%
Diluted shares, weighted	24m	25m	25m	-5.5%
Shares outstanding at period end	22m	24m	25m	-8.4%

Balance sheet

$ million	FY2025	FY2024	FY2023	On the year
Shareholders' equity	906	924	905	-1.9%
Debt	136	144	330	-5.5%
Operating lease liabilities	7.0	6.5	9.3	+7.1%
Other liabilities	736	704	824	+4.5%
Total liabilities and equity	1,786	1,779	2,068	+0.4%
Fixed assets	31.2	33.5	37.4	-7.0%
Goodwill	231	206	217	+11.9%
Intangible assets	62.9	37.6	68.5	+67.2%
Cash and equivalents	126	185	36.2	-32.0%
Receivables	636	582	753	+9.3%
Inventory	484	513	758	-5.6%
Other assets	215	222	199	-3.0%
Total assets	1,786	1,779	2,068	+0.4%

10-K for the year ended 30 June 2025, filed 21 August 2025: the filing.