EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2025

Schedule of basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted earnings per share

The computation of earnings per share and weighted average shares outstanding of the Company’s ordinary shares for the following periods is presented below:


	Fiscal Year Ended March 31,
	2025		2024		2023
	(In millions, except per share amounts)
Numerator:
Net income from continuing operations	$	838	$	872	$	683
Net income from discontinued operations, net of tax (Note 7)	—		373		350
Less: Net income attributable to noncontrolling interest and redeemable noncontrolling interest (Note 7)	—		239		240
Net income from discontinued operations attributable to Flex Ltd. (Note 7)	—		134		110
Total net income attributable to Flex Ltd.	$	838	$	1,006	$	793

Denominator:
Weighted-average ordinary shares outstanding - basic	391		435		454
Weighted-average ordinary share equivalents from RSU awards (1)	7		6		8
Weighted-average ordinary shares and ordinary share equivalents outstanding - diluted	398		441		462

Earnings per share - basic




Continuing operations	$	2.14	$	2.00	$	1.50
Discontinued operations, net of tax (Note 7)	—		0.31		0.25
Total attributable to the shareholders of Flex Ltd.	$	2.14	$	2.31	$	1.75

Earnings per share - diluted








Continuing operations	$	2.11	$	1.98	$	1.48
Discontinued operations, net of tax (Note 7)	—		0.30		0.24
Total attributable to the shareholders of Flex Ltd.	$	2.11	$	2.28	$	1.72

(1)An immaterial amount of RSU awards during fiscal years 2025, 2024, and 2023, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary shares equivalents.