TD SYNNEX CORP, 10-K filed on 1/27/2026
Annual Report
v3.25.4
Cover - USD ($)
 12 Months Ended
Nov. 30, 2025
Jan. 14, 2026
May 31, 2025
Cover [Abstract]      
Document Type 10-K    
Entity Central Index Key 0001177394    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
Entity Filer Category Large Accelerated Filer    
Document Annual Report true    
Current Fiscal Year End Date --11-30    
Document Period End Date Nov. 30, 2025    
Document Transition Report false    
Entity File Number 001-31892    
Entity Registrant Name TD SYNNEX CORPORATION    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 94-2703333    
Entity Address, Address Line One 44201 Nobel Drive    
Entity Address, City or Town Fremont    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 94538    
City Area Code 510    
Local Phone Number 668-3400    
Title of 12(b) Security Common Stock, par value $0.001 per share    
Trading Symbol SNX    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Public Float     $ 8,743,705,927
Entity Common Stock, Shares Outstanding   80,729,152  
Documents Incorporated by Reference
Items 10 (as to directors and Delinquent Section 16(a) Reports (if any)), 11, 12 (as to Beneficial Ownership), 13 and 14 of Part III incorporate by reference information from the registrant’s proxy statement to be filed with the Securities and Exchange Commission in connection with the solicitation of proxies for the registrant’s 2026 Annual Meeting of Stockholders to be held on March 25, 2026.
    
v3.25.4
Audit Information
 12 Months Ended
Nov. 30, 2025
Audit Information [Abstract]  
Auditor Name KPMG LLP
Auditor Location Tampa, FL
Auditor Firm ID 185
v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Current assets:    
Cash and cash equivalents $ 2,435,389 $ 1,059,378
Accounts receivable, net 11,707,581 10,341,625
Receivables from vendors, net 972,658 958,105
Inventories 9,504,340 8,287,048
Other current assets 669,470 678,540
Total current assets 25,289,438 21,324,696
Property and equipment, net 496,291 457,024
Goodwill 4,099,297 3,895,077
Intangible assets, net 3,774,952 3,912,267
Other assets, net 590,920 685,415
Total assets 34,250,898 30,274,479
Current liabilities:    
Borrowings, current 1,018,321 171,092
Accounts payable 17,624,254 15,084,107
Other accrued liabilities 2,318,265 1,966,036
Total current liabilities 20,960,840 17,221,235
Long-term borrowings 3,592,130 3,736,399
Other long-term liabilities 447,981 468,648
Deferred tax liabilities 799,518 812,763
Total liabilities 25,800,469 22,239,045
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.001 par value, 200,000 shares authorized, 99,012 shares issued as of both November 30, 2025 and 2024 99 99
Additional paid-in capital 7,431,231 7,437,688
Treasury stock, 18,912 and 15,289 shares as of November 30, 2025 and 2024, respectively (2,038,528) (1,513,017)
Accumulated other comprehensive loss (379,433) (645,117)
Retained earnings 3,437,060 2,755,781
Total stockholders' equity 8,450,429 8,035,434
Total liabilities and equity $ 34,250,898 $ 30,274,479
v3.25.4
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Nov. 30, 2025
Nov. 30, 2024
Statement of Financial Position [Abstract]    
Preferred Stock, par value, per share (USD per share) $ 0.001 $ 0.001
Preferred Stock, shares authorized 5,000,000 5,000,000
Preferred Stock, shares issued 0 0
Preferred Stock, shares outstanding 0 0
Common Stock, par value, per share (USD per share) $ 0.001 $ 0.001
Common Stock, shares authorized 200,000,000 200,000,000
Common Stock, Shares, Issued   99,012,000
Treasury stock, beginning balance (in shares) 18,912,000 15,289,000
v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Income Statement [Abstract]      
Revenue $ 62,508,086 $ 58,452,436 $ 57,555,416
Cost of revenue (58,139,104) (54,471,130) (53,598,587)
Gross profit 4,368,982 3,981,306 3,956,829
Selling, general and administrative expenses (2,946,883) (2,715,781) (2,672,562)
Acquisition, integration and restructuring costs (7,180) (71,314) (206,235)
Operating income 1,414,919 1,194,211 1,078,032
Interest expense and finance charges, net (356,608) (319,458) (288,318)
Other expense, net (1,057) (8,718) (206)
Income before income taxes 1,057,254 866,035 789,508
Provision for income taxes (229,594) (176,944) (162,597)
Net income $ 827,660 $ 689,091 $ 626,911
Earnings per common share:      
Basic (in USD per share) $ 9.99 $ 7.99 $ 6.72
Diluted (in USD per share) $ 9.95 $ 7.95 $ 6.70
Weighted-average common shares outstanding:      
Basic (in shares) 82,104 85,494 92,572
Diluted (in shares) 82,430 85,874 92,853
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Statement of Comprehensive Income [Abstract]      
Net income $ 827,660 $ 689,091 $ 626,911
Other comprehensive income:      
Unrealized (losses) gains on cash flow hedges during the period, net of tax benefit (expense) of $195, $0 and $(235) for fiscal years ended November 30, 2025, 2024 and 2023, respectively (1,533) 0 702
Reclassification of net losses (gains) on cash flow hedges to net income, net of tax (benefit) expense of ($186), $0 and $2,623 for fiscal years ended November 30, 2025, 2024 and 2023, respectively 1,270 0 (6,871)
Net change in unrealized losses on cash flow hedges, net of taxes (263) 0 (6,169)
Foreign currency translation adjustments and other, net of tax benefit (expense) of $12,552, ($189) and $7,160 for fiscal years ended November 30, 2025, 2024 and 2023, respectively 261,305 (137,869) 219,209
Reclassification of net foreign currency translation adjustment realized upon sale of foreign subsidiary, net of tax expense of $0 for both the fiscal years ended November 30, 2025 and 2023. 4,642 0 (578)
Net change in foreign currency translation adjustments and other, net of taxes 265,947 (137,869) 218,631
Other comprehensive income (loss) 265,684 (137,869) 212,462
Comprehensive income $ 1,093,344 $ 551,222 $ 839,373
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (PARENTHETICAL) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Statement of Comprehensive Income [Abstract]      
Tax on unrealized gains (losses) on cash flow hedges $ 195 $ 0 $ (235)
Tax on reclassification of cash flow hedges to earnings (186) 0 2,623
Tax on foreign currency translation adjustments 12,552 $ (189) $ 7,160
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax $ 0    
v3.25.4
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Treasury stock
Accumulated other comprehensive income (loss)
Retained earnings
Beginning Balance (in shares) at Nov. 30, 2022   98,696,000        
Beginning balance at Nov. 30, 2022 $ 8,025,506 $ 99 $ 7,374,100 $ (337,217) $ (719,710) $ 1,708,234
Treasury stock, beginning balance (in shares) at Nov. 30, 2022       4,049,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 84,983   84,983      
Issuance of common stock and reissuance of treasury stock on exercise of options, for employee stock purchase plan and vesting of restricted stock, net of shares withheld for employee taxes (10,080)   (23,809) $ 13,729    
Issuance of common stock and reissuance of treasury stock on exercise of options, for employee stock purchase plan and vesting of restricted stock, net of shares withheld for employee taxes (in shares)   (316,000)   (176,000)    
Shares of treasury stock repurchased for tax withholdings on equity awards (in shares)       6,470,000    
Repurchases of common stock 626,226     $ 626,226    
Cash dividends declared (130,374)         (130,374)
Other comprehensive income 212,462       212,462  
Net income 626,911         626,911
Ending Balance (in shares) at Nov. 30, 2023   99,012,000        
Ending Balance at Nov. 30, 2023 8,183,182 $ 99 7,435,274 $ (949,714) (507,248) 2,204,771
Treasury stock, ending balance (in shares) at Nov. 30, 2023       10,343,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 69,201   69,201      
Issuance of common stock and reissuance of treasury stock on exercise of options, for employee stock purchase plan and vesting of restricted stock, net of shares withheld for employee taxes (12,707)   (66,787) $ 54,080    
Issuance of common stock and reissuance of treasury stock on exercise of options, for employee stock purchase plan and vesting of restricted stock, net of shares withheld for employee taxes (in shares)       (601,000)    
Shares of treasury stock repurchased for tax withholdings on equity awards (in shares)       5,547,000    
Repurchases of common stock 617,383     $ 617,383    
Cash dividends declared (138,081)         (138,081)
Other comprehensive income (137,869)       (137,869)  
Net income 689,091         689,091
Ending Balance (in shares) at Nov. 30, 2024   99,012,000        
Ending Balance at Nov. 30, 2024 $ 8,035,434 $ 99 7,437,688 $ (1,513,017) (645,117) 2,755,781
Treasury stock, ending balance (in shares) at Nov. 30, 2024 15,289,000     15,289,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation $ 66,428   66,428      
Issuance of common stock and reissuance of treasury stock on exercise of options, for employee stock purchase plan and vesting of restricted stock, net of shares withheld for employee taxes $ 2,524   (72,885) $ 75,409    
Issuance of common stock and reissuance of treasury stock on exercise of options, for employee stock purchase plan and vesting of restricted stock, net of shares withheld for employee taxes (in shares)       (825,000)    
Shares of treasury stock repurchased for tax withholdings on equity awards (in shares) 4,448,000 [1]     4,448,000    
Repurchases of common stock $ 600,920     $ 600,920    
Cash dividends declared (146,381)         (146,381)
Other comprehensive income 265,684       265,684  
Net income 827,660         827,660
Ending Balance (in shares) at Nov. 30, 2025   99,012,000        
Ending Balance at Nov. 30, 2025 $ 8,450,429 $ 99 $ 7,431,231 $ (2,038,528) $ (379,433) $ 3,437,060
Treasury stock, ending balance (in shares) at Nov. 30, 2025 18,912,000     18,912,000    
[1] Weighted-average price per share excludes broker's commissions and excise taxes. "Repurchases of common stock" in the Consolidated Statements of Cash Flows for the twelve months ended November 30, 2025, 2024 and 2023 excludes amounts related to excise tax that when accrued are recorded in "Other current liabilities" and "Treasury stock" on the Consolidated Balance Sheets. Excise taxes paid are classified as operating activities in the Consolidated Statements of Cash Flows.
v3.25.4
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (PARENTHETICAL) - $ / shares
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Statement of Stockholders' Equity [Abstract]      
Cumulative cash dividends declared per share (in USD per share) $ 1.76 $ 1.60 $ 1.40
v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Cash flows from operating activities:      
Net income $ 827,660 $ 689,091 $ 626,911
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 414,219 407,532 418,315
Share-based compensation 66,428 69,201 84,983
Provision for doubtful accounts 35,071 862 44,742
Deferred income taxes (46,809) (28,813) (91,572)
Other 6,687 2,635 (2,757)
Changes in operating assets and liabilities, net of acquisition of businesses:      
Accounts receivable, net (1,118,020) (195,615) (656,630)
Receivables from vendors, net 8,893 (6,606) (127,046)
Inventories (1,051,878) (1,214,505) 2,032,202
Accounts payable 2,175,637 1,930,252 (971,747)
Other operating assets and liabilities 213,816 (436,310) 49,972
Net cash provided by operating activities 1,531,704 1,217,724 1,407,373
Cash flows from investing activities:      
Proceeds from sale of fixed assets 0 42,890 0
Purchases of property and equipment (142,282) (175,112) (150,007)
Acquisition of businesses, net of cash acquired (83,666) (43,677) 0
Payments for (Proceeds from) Hedge, Investing Activities (347) (14,840) (556)
Other, net 5,129 (3,099) (5,848)
Net cash used in investing activities (221,166) (193,838) (156,411)
Cash flows from financing activities:      
Dividends paid (146,381) (138,081) (130,374)
Proceeds from issuance of common stock and reissuances of treasury stock 33,621 11,996 8,846
Repurchases of common stock (596,109) (611,892) (620,659)
Repurchases of common stock for tax withholdings on equity awards (31,097) (24,703) (18,926)
Net borrowings (repayments) on revolving credit loans 162,260 (39,530) (2,571)
Principal payments on long-term debt (598,572) (1,486,397) (74,408)
Borrowings on long-term debt 1,152,159 1,349,376 51,837
Cash paid for debt issuance costs (8,750) (13,869) 0
Other 0 0 375
Net cash used in financing activities (32,869) (953,100) (785,880)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 98,342 (45,184) 45,838
Net increase in cash, cash equivalents and restricted cash 1,376,011 25,602 510,920
Cash, cash equivalents and restricted cash at beginning of year 1,059,378 1,033,776 522,856
Cash, cash equivalents and restricted cash at end of year 2,435,389 1,059,378 1,033,776
Supplemental disclosures of cash flow information:      
Interest paid on borrowings 373,949 358,828 318,236
Income taxes paid $ 222,576 $ 240,931 $ 282,512
v3.25.4
Organization and Basis of Presentation
 12 Months Ended
Nov. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND BASIS OF PRESENTATION ORGANIZATION AND BASIS OF PRESENTATION:
TD SYNNEX Corporation (together with its subsidiaries, herein referred to as “SYNNEX”, “TD SYNNEX” or the “Company”) is a leading global distributor and solutions aggregator for the information technology ("IT") ecosystem, headquartered in Fremont, California and Clearwater, Florida and has operations in North and South America, Europe and Asia-Pacific and Japan. The Company operates on a fiscal year that ends on November 30.
Certain columns and rows may not add or compute due to the use of rounded numbers.
v3.25.4
Summary of Significant Accounting Policies
 12 Months Ended
Nov. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. The Company evaluates these estimates on a regular basis and bases them on historical experience and on various assumptions that the Company believes are reasonable. Actual results could differ from the estimates.
Principles of Consolidation
The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiaries and variable interest entities if the Company is the primary beneficiary. All intercompany accounts and transactions have been eliminated.
Investments in 20% through 50% owned affiliated companies are accounted under the equity method where the Company exercises significant influence over operating and financial affairs of the investee and is not the primary beneficiary. Investments in less than 20% owned companies, where the Company does not have significant influence, are recorded at cost or fair value based on whether the equity securities have readily determinable fair values.
Segment Reporting
See Note 12 - Segment Information for further discussion of the Company's operating and reportable segments and the related accounting policies.
Cash and Cash Equivalents
The Company considers all highly liquid debt instruments purchased with an original maturity or remaining maturity at the date of purchase of three months or less to be cash equivalents. Cash equivalents consist principally of money market deposit accounts and money market funds that are stated at cost, which approximates fair value. The Company is exposed to credit risk in the event of default by financial institutions to the extent that cash balances with financial institutions are in excess of amounts that are insured.
Accounts Receivable
The Company maintains an allowance for doubtful accounts as an estimate to cover the future expected credit losses resulting from uncertainty regarding collections from customers to make payments for outstanding balances. In estimating the required allowance, the Company takes into consideration historical credit losses, current conditions and reasonable and supportable forecasts. Adjustments to historical loss information are made for differences in current conditions as well as changes in forecasted macroeconomic conditions, such as changes in unemployment rates or gross domestic product growth. Expected credit losses are estimated on a pool basis when similar risk characteristics exist using an age-based reserve model. Receivables that do not share risk characteristics are evaluated on an individual basis.
The Company has uncommitted accounts receivable purchase agreements with global financial institutions under which trade accounts receivable of certain customers and their affiliates may be acquired, without recourse, by the financial institutions. Available capacity under these programs is dependent on the level of the Company’s trade accounts receivable with these customers and the financial institutions’ willingness to purchase such receivables. In addition, certain of these programs also require that the Company continue to service, administer and collect the sold accounts receivable. As of November 30, 2025 and 2024, accounts receivable sold to and held by the financial institutions under these programs were $1.8 billion and $1.2 billion, respectively. Discount fees related to the sale of trade accounts receivable under these facilities are included in “Interest expense and finance charges, net” in the Consolidated Statements of Operations. During the fiscal years ended November 30, 2025, 2024 and 2023, discount fees were $62.7 million, $67.8 million and $51.1 million, respectively.
Inventories
Inventories are stated at the lower of cost and net realizable value. Cost is computed based on the weighted-average method. Inventories are comprised of finished goods and work-in-process. Finished goods include products purchased for resale, system components purchased for both resale and for use in the Company’s systems design and integration business and completed systems. Work-in-process inventories are not material to the Consolidated Financial Statements.
Derivative Financial Instruments
The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value.
For derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the gain or loss on the derivative instrument is reported as a component of “Accumulated other comprehensive income (loss)” in stockholders’ equity and reclassified into earnings in the same line associated with the hedged transactions, in the same period or periods during which the hedged transaction affects earnings. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. The company classifies cash flows related to the settlement of its cash flow hedges as operating activities in the Consolidated Statements of Cash Flows.
For derivative instruments that hedge a portion of the Company's net investment in foreign-currency denominated operations that are designated as net investment hedges, the gain or loss on the derivative instrument is included within the caption "Foreign currency translation adjustments and other" on the Consolidated Statements of Comprehensive Income and is reported as a component of “Accumulated other comprehensive income (loss)” in stockholders’ equity until the sale or substantially complete liquidation of the underlying assets of the Company's investment. The initial fair value of hedge components excluded from the assessment of effectiveness is recognized in the Consolidated Statement of Operations under a systematic and rational method over the life of the hedging instrument. The excluded component is recognized in "Interest expense and finance charges, net" on the Consolidated Statement of Operations. The Company classifies cash flows related to the settlement of its net investment hedges as investing activities in the Consolidated Statements of Cash Flows.
For derivative instruments that are not designated as hedges, gains and losses resulting from changes in fair value on derivative instruments are reported in the Consolidated Statements of Operations in the current period.
Property and Equipment
Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method based upon the shorter of the estimated useful lives of the assets, or the lease term of the respective assets, if applicable. Maintenance and repairs are charged to expense as incurred, and improvements are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from the accounts and any resulting gain or loss is reflected in operations in the period realized.
The Company’s capitalized software has been obtained or developed for internal use only. Development and acquisition costs are capitalized for computer software only when management authorizes and commits to funding a computer software project through the approval of a capital expenditure requisition, and the software project is either for the development of new software, to increase the life of existing software or to add significantly to the functionality of existing software. Once these requirements have been met, capitalization would begin at the point that conceptual formulation, evaluation, design and testing of possible software project alternatives have been completed. Capitalization ceases when the software project is substantially complete and ready for its intended use.
The ranges of estimated useful lives for property and equipment categories are as follows:
Equipment and Furniture
3 - 10 years
Software
3 - 10 years
Leasehold Improvements
2 - 15 years
Buildings and Building Improvements
10 - 40 years
Business Combinations
The purchase price is allocated to the assets acquired, liabilities assumed, and noncontrolling interests in the acquired entity generally based on their fair values at the acquisition date. The excess of the fair value of purchase consideration over the fair value of these assets acquired, liabilities assumed and noncontrolling interests in the acquired entity is recorded as goodwill. The primary items that generate goodwill include the value of the synergies between the acquired entity and the Company and the value of the acquired assembled workforce, neither of which qualify for recognition as an intangible asset. Amounts recorded in a business combination may change during the measurement period, which is a period not to exceed one year from the date of acquisition, as additional information about conditions existing at the acquisition date becomes available. The Company includes the results of operations of the acquired business in the Consolidated Financial Statements prospectively from the date of acquisition. Acquisition-related charges are recognized separately from the business combination and are expensed as incurred. These charges primarily include direct third-party professional and legal fees, and integration-related costs.
Goodwill and Intangible Assets
The values assigned to intangible assets include estimates and judgment regarding expectations for the length of customer relationships acquired in a business combination. Included within intangible assets is an indefinite lived trade name intangible asset. The Company's indefinite lived trade name intangible asset is considered a single unit of accounting and is tested for impairment at the consolidated level annually as of September 1, and more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Other purchased intangible assets are amortized over the useful lives based on estimates of the use of the economic benefit of the asset or on the straight-line amortization method.
The Company allocates goodwill to reporting units based on the reporting unit expected to benefit from the business combination and tests for impairment annually as of September 1, or more frequently if events or changes in circumstances indicate that it may be impaired. Goodwill is tested for impairment at the reporting unit level by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. The factors that are considered in the qualitative analysis include macroeconomic conditions, industry and market considerations, cost factors such as increases in product cost, labor, or other costs that would have a negative effect on earnings and cash flows; and other relevant entity-specific events and information. The Company also has the option to bypass the qualitative assessment for any reporting unit in any period.
If the reporting unit does not pass or the Company chooses to bypass the qualitative assessment, then the reporting unit’s carrying value is compared to its fair value. The fair values of the reporting units are estimated using market and discounted cash flow approaches. The assumptions used in the market approach are based on the value of a business through an analysis of sales and other multiples of guideline companies and recent sales or offerings of a comparable entity. The assumptions used in the discounted cash flow approach are based on historical and forecasted revenue, operating costs, working capital requirements, future economic conditions, discount rates and other relevant factors. Goodwill is considered impaired if the carrying value of the reporting unit exceeds its fair value and the excess is recognized as an impairment loss. No goodwill impairment has been identified for any of the years presented.
Finite-lived intangible assets consist primarily of customer relationships, vendor lists and other intangible assets (including acquired technology). Amortization is based on the pattern in which the economic benefits of the intangible assets will be consumed or on a straight-line basis when the consumption pattern is not apparent over the following useful lives:
Customer Relationships
4 - 15 years
Vendor Lists
10 years
Other Intangible Assets
1 - 10 years
Impairment of Long-Lived Assets
The Company reviews the recoverability of its long-lived assets, including finite-lived intangible assets, property and equipment, right-of-use ("ROU") assets and certain other assets, when events or changes in circumstances occur that indicate the carrying value of the asset or asset group may not be recoverable. The assessment of possible impairment is based on the Company’s ability to recover the carrying value of the asset or asset group from the expected future pre-tax cash flows, undiscounted and without interest charges, of the related operations. If these cash flows are less than the carrying value of such assets, an impairment loss is recognized for the difference between estimated fair value and carrying value.
Leases
The Company enters into leases as a lessee for property and equipment in the ordinary course of business. When procuring goods or services, or upon entering into a contract with its customers, the Company determines whether an arrangement contains a lease at its inception. As part of that evaluation, the Company considers whether there is an implicitly or explicitly identified asset in the arrangement and whether the Company, as the lessee, or the customer, if the Company is the lessor, has the right to control the use of that asset. When the Company is the lessee, all leases with a term of more than 12 months are recognized as ROU assets and associated lease liabilities in the Consolidated Balance Sheets. Lease liabilities are recorded at the lease commencement date and determined using the present value of the lease payments not yet paid, at the Company’s incremental borrowing rate, which approximates the rate at which the Company would borrow on a secured basis in the country where the lease was executed. The interest rate implicit in the lease is generally not determinable in transactions where the Company is the lessee. The ROU asset equals the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives. The Company’s variable lease payments generally relate to payments tied to various indexes, non-lease components and payments above a contractual minimum fixed amount.
Operating leases are included in other assets, net, other accrued liabilities and other long-term liabilities in the Consolidated Balance Sheets. Substantially all of the Company's leases are classified as operating leases and the Company’s finance leases are not material. The lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company made a policy election to not recognize leases with a lease term of 12 months or less in the Consolidated Balance Sheets. Lease expenses are recorded within "Selling, general and administrative expenses" and "Cost of revenue" in the Consolidated Statements of Operations. Operating lease payments are presented within “Cash flows from operating activities” in the Consolidated Statements of Cash Flows.
Concentration of Credit Risk
Financial instruments that potentially subject the Company to significant concentration of credit risk consist principally of cash and cash equivalents, accounts receivable, receivables from vendors and derivative instruments.
The Company’s cash and cash equivalents and derivative instruments are transacted and maintained with financial institutions with high credit standing, and their compositions and maturities are regularly monitored by management. Through November 30, 2025, the Company has not experienced any material credit losses on such deposits and derivative instruments.
Accounts receivable include amounts due from customers. Receivables from vendors, net, includes amounts due from OEM vendors primarily in the technology industry. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and aging of its receivable portfolio, the existence of credit insurance and specifically identified customer and vendor risks.
The following table provides revenue generated from products purchased from vendors that exceeded 10% of our consolidated revenue for the periods indicated (as a percent of consolidated revenue):
Twelve Months Ended
November 30, 2025November 30, 2024November 30, 2023
Apple, Inc.12 %12 %11 %
HP Inc.10 %
N/A (1)
N/A (1)
__________________
(1) Revenue generated from products purchased from this vendor was less than 10% of consolidated revenue during the period presented.
One customer accounted for 11%, 12% and 11% of the Company’s total revenue in fiscal years 2025, 2024 and 2023, respectively. As of November 30, 2025 and 2024, no single customer comprised more than 10% of the consolidated accounts receivable balance.
Book Overdrafts
Book overdrafts, representing checks issued in excess of balances on deposit in the applicable bank accounts and which have not been paid by the applicable bank at the balance sheet date are classified as “Borrowings, current” in the Company’s Consolidated Balance Sheets. Under the terms of the Company’s banking arrangements, the respective financial institutions are not legally obligated to honor the book overdraft balances. The Company’s policy is to report the change in book overdrafts as a financing activity in the Consolidated Statements of Cash Flows.
Revenue Recognition
The Company generates revenue primarily from the sale of various IT products.
The Company recognizes revenues from the sale of IT hardware and software as control is transferred to customers, which is at the point in time when the product is shipped or delivered. The Company accounts for a contract with a customer when it has written approval, the contract is committed, the rights of the parties, including payment terms, are identified, the contract has commercial substance and consideration is probable of collection. Binding purchase orders from customers together with agreement to the Company's terms and conditions of sale by way of an executed agreement or other signed documents are considered to be the contract with a customer. Products sold by the Company are delivered via shipment from the Company’s facilities, drop-shipment directly from the vendor, or by electronic delivery of software products. In situations where arrangements include customer acceptance provisions, revenue is recognized when the Company can objectively verify the products comply with specifications underlying acceptance and the customer has control of the products. Revenue is presented net of taxes collected from customers and remitted to government authorities. The Company generally invoices a customer upon shipment, or in accordance with specific contractual provisions. Payments are due as per contract terms and do not contain a significant financing component. In relation to product support, supply chain management and other services performed by the Company, revenue is recognized over time as the services are performed.
Provisions for sales returns and allowances are estimated based on historical data and are recorded concurrently with the recognition of revenue. A liability is recorded at the time of sale for estimated product returns based upon historical experience and an asset is recognized for the amount expected to be recorded in inventory upon product return. These provisions are reviewed and adjusted periodically by the Company. Revenue is reduced for early payment discounts and volume incentive rebates offered to customers, which are considered variable consideration, at the time of sale based on an evaluation of the contract terms and historical experience.
The Company recognizes revenue on a net basis on certain contracts, where the Company’s performance obligation is to arrange for the products or services to be provided by another party or the rendering of logistics services for the delivery of inventory for which the Company does not assume the risks and rewards of ownership, by recognizing the margins earned in revenue with no associated cost of revenue. Such arrangements include supplier service contracts, post-contract software support services, cloud computing and software as a service arrangements, certain fulfillment contracts, extended warranty contracts and certain of the Company's systems design and integration solutions arrangements which operate under a customer-owned procurement model.
The Company considers shipping and handling activities as costs to fulfill the sale of products. Shipping revenue is included in revenue when control of the product is transferred to the customer, and the related shipping and handling costs are included in cost of revenue.
The Company disaggregates its revenue by geography, which the Company believes provides a meaningful depiction of the nature of its revenue. Disaggregated revenue disclosure is presented in Note 12 – Segment Information.
Cost of Revenue
Cost of revenue includes the product price paid to OEM suppliers, net of any incentives, rebates, price protection and purchase discounts received from the OEM suppliers. Cost of revenue also consists of provisions for inventory losses and write-downs, shipping and handling costs and royalties due to OEM vendors. In addition, cost of revenue includes the cost of materials, labor and overhead and warranty for design and integration activities.
Selling, General and Administrative Expenses
Selling, general and administrative expenses are charged to income as incurred. Expenses of promoting and selling products and services are classified as selling expense and include such items as compensation, sales commissions and travel. General and administrative expenses include such items as compensation, cost of warehouse, delivery centers and other non-integration facilities, IT expenses, legal and professional costs, and non-income taxes. In addition, selling, general and administrative expenses include other operating items such as allowances for credit losses, depreciation and amortization of intangible assets.
OEM Supplier Programs
Funds received from OEM suppliers for volume promotion programs, price protection and product rebates are recorded as adjustments to cost of revenue and/or the carrying value of inventories, as appropriate. Where there is a binding agreement, the Company tracks vendor promotional programs for volume discounts on a program-by-program basis and records them as a reduction to cost of revenue based on a systematic and rational allocation. The Company monitors the balances of vendor receivables on a quarterly basis and adjusts the balances due for differences between expected and actual sales volume. Vendor receivables are generally collected through reductions authorized by the vendor to accounts payable. Funds received for specific marketing and infrastructure reimbursements, net of related costs, are recorded as adjustments to “Selling, general and administrative expenses,” and any excess reimbursement amount is recorded as an adjustment to cost of revenue.
Royalties
The Company’s software product purchases include products licensed from OEM vendors, which are subsequently distributed to resellers. Royalties to OEM vendors are accrued and recorded in cost of revenue when software products are shipped and revenue is recognized.
Warranties
The Company’s OEM suppliers generally warrant the products distributed by the Company and allow returns of defective products. The Company generally does not independently warrant the products it distributes; however, the Company does warrant the following: (1) products that it builds to order from components purchased from other sources, (2) services with regard to products integrated for its customers; and (3) products sold in countries where the Company is responsible for defective product as a matter of law. The time period required by law in certain countries exceeds the warranty period provided by the manufacturer. The Company is obligated to provide warranty protection for sales of certain IT products within the European Union (“EU”) for up to two years as required under the EU directive where vendors have not affirmatively agreed to provide pass-through protection. Warranty expense and the accrual for warranty costs were not material to the Company’s Consolidated Financial Statements for any of the periods presented.
Advertising
Costs related to advertising and product promotion expenditures are charged to “Selling, general and administrative expenses” as incurred and are primarily offset by OEM marketing reimbursements. Net costs related to advertising and promotion expenditures were not material to the Company’s Consolidated Financial Statements for any of the periods presented.
Income Taxes
The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements using enacted tax rates and laws that will be in effect when the difference is expected to reverse. Tax on global low-taxed intangible income is accounted for as a current expense in the period in which the income is included in a tax return using the “period cost” method. Valuation allowances are provided against deferred tax assets that are not likely to be realized.
The Company recognizes tax benefits from uncertain tax positions only if that tax position is more likely than not to be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. The Company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes.
Foreign Currency Translations
The financial statements of the Company’s international subsidiaries whose functional currencies are the local currencies are translated into U.S. dollars for consolidation as follows: assets and liabilities at the exchange rate as of the balance sheet date, stockholders’ equity at the historical rates of exchange, and income and expense amounts at the average exchange rate for the month. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in “Accumulated other comprehensive income (loss)” in stockholders’ equity. Transactions denominated in currencies other than the applicable functional currency are converted to the functional currency at the exchange rate on the transaction date. At period end, monetary assets and liabilities are remeasured to the functional currency using exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are remeasured at historical exchange rates. Gains and losses resulting from foreign currency transactions are included in earnings within “Cost of revenue” and “Other expense, net.”
Comprehensive Income
Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. The primary components of comprehensive income for the Company include net income, foreign currency translation adjustments arising from the consolidation of the Company’s international subsidiaries and unrealized gains and losses on cash flow hedges.
Share-based Compensation
The Company accounts for share-based payment transactions in which the Company receives services in exchange for equity instruments of the Company. Share-based compensation cost for stock options, restricted stock awards and units, performance-based restricted stock units and employee stock purchase plans is determined based on the fair value at the grant date. The Company recognizes share-based compensation cost as expense for awards other than its performance-based restricted stock units ratably on a straight-line basis over the requisite service period. The Company recognizes share-based compensation cost associated with its performance-based restricted stock units over the requisite service period if it is probable that the performance conditions will be satisfied. The Company accounts for expense reductions that result from the forfeiture of unvested awards in the period that the forfeitures occur.
Earnings Per Common Share
Earnings per share is calculated using the two-class method. The two-class method is an earnings allocation proportional to the respective ownership among holders of common stock and participating securities. Basic earnings per common share is computed by dividing net income attributable to the Company’s common stockholders by the weighted-average of common shares outstanding during the period. Diluted earnings per common share also considers the dilutive effect of in-the-money stock options and restricted stock units, calculated using the treasury stock method.
Treasury Stock
Repurchases of shares of common stock are accounted for at cost, which includes brokerage fees and excise taxes, and are included as a component of stockholders’ equity in the Consolidated Balance Sheets. Shares repurchased by the Company are held in treasury for general corporate purposes, including issuances under stock incentive plans. The reissuance of shares from treasury stock is based on the weighted average purchase price of the shares.
Reclassifications
Certain reclassifications have been made to prior period amounts in the Consolidated Financial Statements to conform to the current period presentation. These reclassifications did not have a material impact on previously reported amounts.
Recently Adopted Accounting Pronouncements
In November 2023, the FASB issued an accounting standards update, ASU 2023-07, which requires the following enhanced segment disclosures on an annual and interim basis: (1) significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, (2) other segment items by reportable segment and a description of its composition, and (3) the title of the chief operating decision maker, an explanation of how they use the reported measures of segment profit/loss in assessing segment performance and decide how to allocate resources, as well as clarifications if they use more than one measure of a segment’s profit or loss in assessing segment performance. The amendments in ASU 2023-07 are effective for annual periods beginning after December 15, 2023 and for subsequent interim periods. The Company adopted this standard retrospectively during the fiscal year ending November 30, 2025 which resulted in incremental disclosures presented within Note 12 - Segment Information.
Recently Issued Accounting Pronouncements
In December 2023, the FASB issued an accounting standards update, ASU 2023-09, which requires enhanced income tax disclosures. The enhanced disclosures required include disclosure of specific categories and disaggregation of information in the rate reconciliation table. ASU 2023-09 also requires disclosure of disaggregated information related to income taxes paid, income or loss from continuing operations before income tax expense or benefit, and income tax expense or benefit from continuing operations. The amendments in ASU 2023-09 are effective for annual periods beginning after December 15, 2024, which for the Company would be the fiscal year ending November 30, 2026. Early adoption is permitted and the amendments should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating the impact the new accounting standard will have on its income tax disclosures in the notes to the consolidated financial statements.
In November 2024, the FASB issued an accounting standards update, ASU 2024-03, which requires new tabular disclosures in the notes to consolidated financial statements, disaggregating certain cost and expense categories within relevant captions on the Consolidated Statements of Operations. The prescribed cost and expense categories requiring disaggregated disclosures include purchases of inventory, employee compensation, depreciation and intangible asset amortization, along with certain other expense disclosures already required by U.S. GAAP that would need to be integrated within the new tabular disaggregated expense disclosures. Additionally, the amendments also require the disclosure of total selling expenses and an entity's definition of those expenses. The amendments in ASU 2024-03 are effective for annual periods beginning after December 15, 2026, which for the Company would be the fiscal year ending November 30, 2028, and for subsequent interim periods. Early adoption is permitted and the amendments should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating the impact the new accounting standard will have on its expense disclosures in the notes to the consolidated financial statements.
v3.25.4
Acquisition, Integration and Restructuring Expenses Costs
 12 Months Ended
Nov. 30, 2025
Restructuring and Related Activities [Abstract]  
AQUISITION, INTEGRATION AND RESTRUCTURING COSTS ACQUISITION, INTEGRATION AND RESTRUCTURING COSTS:
Acquisition, integration and restructuring costs during fiscal year 2024 and 2023 were primarily comprised of costs related to the Merger (as defined below). There were no acquisition, integration and restructuring costs related to the Merger during fiscal year 2025. Acquisition, integration and restructuring costs related to the acquisition of Apptium (as defined below) were $3.7 million during fiscal year 2025. Other acquisition, integration and restructuring costs were $3.5 million, $6.9 million and $9.4 million during the fiscal years ended November 30, 2025, 2024 and 2023, respectively.
Apptium Acquisition
On July 1, 2025, the Company completed the acquisition of Apptium Technologies, LLC and its subsidiaries ("Apptium"), a software development company and provider of a cloud commerce platform that represents a critical investment in the Company’s technology solutions orchestration strategy. The Company acquired all of the outstanding shares of Apptium for a purchase price of approximately $105.1 million. The acquisition of Apptium was not material to the Company's results of operations or financial condition. The financial results of Apptium have been included in the Company's Consolidated Financial Statements since the date of acquisition.
The purchase price allocation is preliminary and subject to revision as additional information about the fair value of assets acquired and liabilities assumed becomes available. Preliminarily, the Company has recorded $87.1 million of goodwill and $16.9 million of intangible assets, primarily related to acquired technology, as of November 30, 2025.
The Merger
On September 1, 2021, SYNNEX Corporation acquired Tech Data Corporation, a Florida corporation (“Tech Data”) through a series of mergers, which resulted in Tech Data becoming an indirect subsidiary of TD SYNNEX Corporation (collectively, the "Merger"). The combined company is referred to as TD SYNNEX.
The Company completed the acquisition, integration and restructuring activities related to the Merger during the first half of fiscal year 2024. The Company previously incurred acquisition, integration and restructuring costs related to the completion of the Merger, including professional services costs, personnel and other costs, long-lived assets charges and termination fees, and stock-based compensation expense. Professional services costs are primarily comprised of IT and other consulting services, as well as legal expenses. Personnel and other costs are primarily comprised of costs related to retention and other bonuses, severance and duplicative labor costs. Long-lived asset charges and termination fees include accelerated depreciation and amortization expense of $5.5 million and $17.4 million during fiscal years 2024 and 2023, respectively due to changes in asset useful lives in conjunction with the consolidation of certain IT systems. Long-lived asset charges and termination fees also include $17.0 million and $24.4 million recorded during fiscal years 2024 and 2023, respectively for termination fees related to certain IT systems. Stock-based compensation expense primarily relates to costs associated with the conversion of certain Tech Data performance-based equity awards issued prior to the Merger into restricted shares of TD SYNNEX (refer to Note 4 – Share Based Compensation for further information) and expenses for certain restricted stock awards issued in conjunction with the Merger.
In July 2023, the Company offered a voluntary severance program ("VSP") to certain co-workers in the United States as part of the Company's cost optimization efforts related to the Merger. The Company incurred $10.1 million of costs in connection with the VSP during fiscal year 2024, including $8.0 million of severance costs and $2.1 million of duplicative labor costs. The Company incurred $52.1 million of costs in connection with the VSP during fiscal year 2023, including $42.3 million of severance costs and $9.8 million of duplicative labor costs.
Acquisition and integration expenses related to the Merger were composed of the following during the periods presented:
Fiscal Years Ended November 30,
20242023
(currency in thousands)
Professional services costs$16,456 $20,775 
Personnel and other costs15,279 46,464 
Long-lived assets charges and termination fees22,533 41,812 
Stock-based compensation— 35,709 
Voluntary severance program costs10,113 52,091 
Total$64,381 $196,851 
v3.25.4
Share-Based Compensation
 12 Months Ended
Nov. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION:
Overview of TD SYNNEX Stock Incentive Plans
The Company’s stock incentive plans include plans adopted in 2020 and 2013 (the “TD SYNNEX Plan(s)”). The TD SYNNEX Plans, as amended, provide for the direct award or sale of shares of common stock, restricted stock awards ("RSAs"), restricted stock units ("RSUs"), the grant of options to purchase shares of common stock and the award of stock appreciation rights to employees and non-employee directors and consultants. No further grants may be made under the 2013 TD SYNNEX Plan and all outstanding awards under the 2013 TD SYNNEX Plan continue to be governed by their existing terms. As of November 30, 2025, there were 1.8 million shares of common stock authorized under the 2020 TD SYNNEX Plan available for future grants.
Under the TD SYNNEX Plans, qualified employees are eligible for the grant of incentive stock options to purchase shares of common stock. Qualified employees and outside directors and consultants are eligible for the grant of non-qualified stock options, stock appreciation rights, RSAs and RSUs.
The outstanding RSAs and RSUs generally vest ratably on an annual basis over a period of three to five years, with certain awards subject to other vesting periods as defined per the grant agreement. RSAs granted to qualified non-employee directors vest one fourth on a quarterly basis over a one-year period. The holders of RSAs are entitled to the same voting, dividend and other rights as the Company’s common stockholders. Certain RSUs vest subject to the achievement of individual, divisional or company-wide performance goals. The majority of these performance-based RSUs vest at the end of three-year requisite service periods, subject to the achievement of company-wide financial performance goals approved by the Compensation Committee.
The exercise price for stock options will not be less than 100% of the fair market value of the stock on the date of grant and the stock options have a contractual term of ten years. The majority of outstanding stock options vest as to one fifth of the stock underlying the stock options on the first anniversary date of the grant and the remaining vest monthly over a four-year period starting one month after the first anniversary of the date of grant.
Unless terminated sooner, the 2020 TD SYNNEX Plan will terminate on March 17, 2030.
The Company recognizes share-based compensation expense for all share-based awards made to employees and outside directors, including employee stock options, RSAs, RSUs, performance-based RSUs and employee stock purchase rights, based on estimated fair values.
A summary of share-based compensation expense in the Consolidated Statements of Operations for TD SYNNEX stock incentive plans is presented below:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Selling, general and administrative expenses$66,428 $69,201 $49,273 
Acquisition, integration and restructuring costs
— — 6,526 
Total share-based compensation expense$66,428 $69,201 $55,799 
The Company settles all share-based award vestings and exercises with the reissuance of treasury shares.
Valuation Assumptions
The Company estimates the fair value of share-based payment awards on the grant date and recognizes as expense over the requisite service period in the Company’s Consolidated Financial Statements.
The Company uses the Black-Scholes valuation model to estimate the fair value of stock options as well as shares issued pursuant to the 2024 ESPP (as defined below). The Black-Scholes option-pricing model was developed for use in estimating the fair value of short-lived exchange traded options that have no vesting restrictions and are fully transferable. In addition, option-pricing models require the input of highly subjective assumptions, including the option’s expected life and the price volatility of the underlying stock. The expected stock price volatility assumption is determined using historical volatility of the Company’s common stock.
The fair value of stock awards is determined based on the stock price at the date of grant. For grants that do not accrue dividends or dividend equivalents, the fair value is the stock price reduced by the present value of estimated dividends over the vesting period. For performance-based RSUs, the grant-date fair value assumes that the targeted performance goals will be achieved. Over the performance period, the number of awards expected to vest will be adjusted higher or lower based on the probability of achievement of performance goals.
The Company accounts for expense reductions that result from the forfeiture of unvested awards in the period that the forfeitures occur.
Employee Stock Options
A summary of the changes in the Company’s stock options is set forth below:
Options Outstanding
(shares in thousands, except per share amounts)
Number of
shares		Weighted-
average exercise
price per share
Balances, November 30, 2024482$78.52 
Options exercised(249)78.74 
Options cancelled
(2)107.32 
Balances, November 30, 2025231$78.03 
There were no new stock options granted during fiscal years 2025, 2024, or 2023. As of November 30, 2025, 231 thousand stock options were outstanding with a weighted-average remaining contractual term of 3.26 years, a weighted-average exercise price of $78.03 per share and an aggregate pre-tax intrinsic value of $17.2 million. As of November 30, 2025, 221 thousand options were vested and exercisable with a weighted-average remaining contractual term of 3.14 years, a weighted-average exercise price of $76.70 per share and an aggregate pre-tax intrinsic value of $16.8 million.
The intrinsic values of stock options exercised and the cash received from the exercise of stock options during fiscal years 2025, 2024 and 2023 were as follows:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Intrinsic value of options exercised$16,232 $6,004 $3,570 
Cash received from exercise of options$19,593 $6,681 $4,448 
As of November 30, 2025, the unamortized share-based compensation expense related to unvested stock options under the TD SYNNEX Plans was immaterial.
Restricted Stock Awards and Restricted Stock Units
A summary of the changes in the Company’s non-vested RSAs and RSUs during fiscal year 2025 is presented below:
(shares in thousands, except per share amounts)
Number of
shares		Weighted-average,
grant-date
fair value per share
Non-vested as of November 30, 20241,252$106.70 
Granted
594148.76 
Vested
(646)103.96 
Attainment adjustments(1)
(12)112.16 
Cancelled
(79)109.38 
Non-vested as of November 30, 20251,109$130.58 
__________________
(1) During the year ended November 30, 2025, the attainment on PRSUs vested was adjusted to reflect actual performance.
The weighted-average grant-date fair value of the 674 thousand RSAs and RSUs granted during fiscal year 2024 was $115.33. The weighted-average grant-date fair value of the 635 thousand RSAs and RSUs granted during fiscal year 2023 was $96.75. The total fair value of RSAs and RSUs vested during fiscal years 2025, 2024, and 2023 was $93.6 million, $73.0 million, and $54.4 million, respectively.
As of November 30, 2025, there was $99.4 million of total unamortized share-based compensation expense related to non-vested RSAs and RSUs granted under the TD SYNNEX Plans. That cost is expected to be recognized over an estimated weighted-average amortization period of 1.89 years.
Tech Data Equity Awards
Prior to the Merger, certain of Tech Data’s employees were granted performance-based equity awards in Tiger Parent Holdings L.P., a partnership entity that was the parent company of Tiger Parent (AP) Corporation and Tech Data, that were unvested at the time of the closing of the Merger. Upon closing of the Merger, the unvested performance-based equity awards were converted into restricted shares of TD SYNNEX that vested over two years.
The restricted shares had a fair value of $127.60 per share upon closing of the Merger which was recorded as share-based compensation expense on a straight-line basis over the vesting period in “Acquisition, integration, and restructuring costs” in the Consolidated Statement of Operations. Vesting of the restricted shares was completed as of September 1, 2023, therefore there was no related share-based compensation expense recorded by the Company during fiscal year 2025 or 2024. The Company recorded $29.2 million of share-based compensation expense related to these restricted shares in "Acquisition, integration, and restructuring costs" during fiscal year 2023.
Employee Stock Purchase Plan
On January 10, 2024, the Board of Directors approved the adoption of the 2024 Employee Stock Purchase Plan (“2024 ESPP”) to succeed the Company's 2014 Employee Stock Purchase Plan. The 2024 ESPP commenced with 750 thousand authorized shares, with 555 thousand shares available for issuance as of November 30, 2025. Under the 2024 ESPP, there are two offering periods per calendar year. Eligible employees in the United States and Canada can choose to have a fixed percentage deducted from their bi-weekly compensation to purchase the Company's common stock at a discount of 15%, subject to a maximum purchase limit of $25 thousand in fair market value of common stock in a calendar year.
Share-based compensation expense related to the Company's employee stock purchase plans during fiscal years 2025, 2024 and 2023 was $4.2 million, $2.6 million, and $0.6 million, respectively.
Tax Benefit of Share-Based Compensation Expense
During fiscal years 2025, 2024 and 2023, the Company recognized income tax benefits related to the plans discussed above of $14.3 million, $15.6 million, and $12.6 million, respectively, within the provision for income taxes.
v3.25.4
Stockholders' Equity
 12 Months Ended
Nov. 30, 2025
Share-Based Payment Arrangement [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY:
Share Repurchase Program
In January 2023, the Board of Directors authorized a three-year $1.0 billion share repurchase program. In March 2024, the Board of Directors authorized a new $2.0 billion share repurchase program (the "March 2024 share repurchase program") supplementing the $196.7 million remaining authorization under the prior program, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions, including pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The March 2024 share repurchase program does not have an expiration date.
As of November 30, 2025, the Company had $1.2 billion available for future repurchases of its common stock under the March 2024 share repurchase program.
The Company's treasury stock activity during the year ended November 30, 2025, including common share repurchases, is summarized as follows:
(shares in thousands, except per share amounts)
SharesWeighted-average price per share
Treasury stock balance as of November 30, 2024
15,289 $98.96 
Shares of common stock repurchased under share repurchase program (1)
4,448 134.03 
Shares of common stock repurchased for tax withholdings on equity awards
213 145.71 
Shares of treasury stock reissued for employee benefit plans(1,038)102.61 
Treasury stock balance as of November 30, 2025
18,912 $107.79 
__________________
(1) Weighted-average price per share excludes broker's commissions and excise taxes. "Repurchases of common stock" in the Consolidated Statements of Cash Flows for the twelve months ended November 30, 2025, 2024 and 2023 excludes amounts related to excise tax that when accrued are recorded in "Other current liabilities" and "Treasury stock" on the Consolidated Balance Sheets. Excise taxes paid are classified as operating activities in the Consolidated Statements of Cash Flows.
Dividends
The Company declared cumulative cash dividends of $1.76, $1.60 and $1.40 per share during the years ended November 30, 2025, 2024 and 2023, respectively. On January 8, 2026, the Company announced a cash dividend of $0.48 per share to stockholders of record as of January 16, 2026, payable on January 30, 2026. Dividends are subject to continued capital availability and the declaration by the Board of Directors in the best interest of the Company’s stockholders.
v3.25.4
Earnings Per Common Share
 12 Months Ended
Nov. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE:
The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:
Fiscal Years Ended November 30,
202520242023
(currency and share amounts in thousands, except per share amounts)
Basic earnings per common share:
     Net income attributable to common stockholders(1)
$820,165 $682,987 $622,045 
Weighted-average number of common shares - basic82,104 85,494 92,572 
Basic earnings per common share$9.99 $7.99 $6.72 
Diluted earnings per common share:
     Net income attributable to common stockholders(1)
$820,189 $683,009 $622,056 
Weighted-average number of common shares - basic82,104 85,494 92,572 
Effect of dilutive securities:
Stock options and RSUs326 380 281 
Weighted-average number of common shares - diluted82,430 85,874 92,853 
Diluted earnings per common share$9.95 $7.95 $6.70 
Anti-dilutive shares excluded from diluted earnings per share calculation17123287
__________________
(1) RSAs granted by the Company are considered participating securities. Income available to participating securities was immaterial in all periods presented.
v3.25.4
Balance Sheet Components
 12 Months Ended
Nov. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS:
Accounts receivable, net:
The following table summarizes accounts receivable, net:
As of November 30,
20252024
(currency in thousands)
Accounts receivable$11,813,741 $10,443,290 
Less: Allowance for doubtful accounts(106,160)(101,665)
Accounts receivable, net$11,707,581 $10,341,625 
Allowance for doubtful trade receivables:
The following table summarizes the changes to the allowance for doubtful trade receivables (currency in thousands):
Balance as of November 30, 2022$129,742 
Additions44,742 
Write-offs, recoveries, reclassifications and foreign exchange translation(23,731)
Balance as of November 30, 2023150,753 
Additions862 
Write-offs, recoveries, reclassifications and foreign exchange translation(49,950)
Balance as of November 30, 2024101,665 
Additions35,071 
Write-offs, recoveries, reclassifications and foreign exchange translation(30,576)
Balance as of November 30, 2025$106,160 
Property and equipment, net:
The following table summarizes property and equipment, net:
As of November 30,
20252024
(currency in thousands)
Land$28,279 $27,384 
Equipment, computers and software605,019 484,524 
Furniture and fixtures72,246 64,103 
Buildings, building improvements and leasehold improvements266,286 240,572 
Total property and equipment, gross$971,830 $816,583 
Total accumulated depreciation(475,539)(359,559)
Property and equipment, net$496,291 $457,024 
Depreciation and amortization expense for fiscal years 2025, 2024 and 2023, was $118.0 million, $115.2 million and $124.6 million, respectively. Fiscal years 2024 and 2023 include accelerated depreciation and amortization expense of $5.5 million and $17.4 million, respectively due to changes in asset useful lives in conjunction with the consolidation of certain IT systems, which is recorded in "Acquisition, integration and restructuring costs" in the Consolidated Statements of Operations.
Goodwill:
The following table summarizes changes in the carrying amount of goodwill:
Fiscal Year Ended November 30, 2025
Americas Europe APJTotal
(currency in thousands)
Balance, beginning of year$2,493,769 $1,322,553 $78,755 $3,895,077 
Additions from acquisitions94,268 1,748 4,468 100,484 
Foreign exchange translation(2,903)107,438 (799)103,736 
Balance, end of year$2,585,134 $1,431,739 $82,424 $4,099,297 
Intangible assets, net:
The following table summarizes intangible assets, net:
As of November 30, 2025As of November 30, 2024
Gross
Amounts		Accumulated
Amortization		Net
Amounts		Gross
Amounts		Accumulated
Amortization		Net
Amounts
(currency in thousands)
Intangible assets with indefinite lives:
Trade name$1,057,783 $— $1,057,783 $1,018,208 $— $1,018,208 
Intangible assets with finite lives:      
Customer relationships$3,999,465 $(1,320,252)$2,679,213 $3,858,727 $(1,001,886)$2,856,841 
Vendor lists176,868 (157,559)19,309 175,865 (144,692)31,173 
Other intangible assets45,258 (26,611)18,647 28,100 (22,055)6,045 
$5,279,374 $(1,504,422)$3,774,952 $5,080,900 $(1,168,633)$3,912,267 
Amortization expense for fiscal years 2025, 2024 and 2023, was $296.3 million, $292.3 million and $293.7 million, respectively.
Estimated future amortization expense of the Company’s intangible assets is as follows:
Fiscal years ending November 30,
(currency in thousands)
2026$300,366 
2027297,475 
2028279,435 
2029274,968 
2030272,503 
Thereafter1,292,422 
Total$2,717,169 
v3.25.4
Derivative Instruments
 12 Months Ended
Nov. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS:
In the ordinary course of business, the Company is exposed to foreign currency risk, interest rate risk, equity risk, commodity price changes and credit risk. The Company enters into transactions, and owns monetary assets and liabilities, that are denominated in currencies other than the legal entity’s functional currency. The Company may enter into forward contracts, option contracts, swaps, or other derivative instruments to offset a portion of the risk on expected future cash flows, earnings, net investments in certain international subsidiaries and certain existing assets and liabilities. However, the Company may choose not to hedge certain exposures for a variety of reasons including, but not limited to, accounting considerations and the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign currency exchange or interest rates. The Company does not use derivative instruments to cover equity risk and credit risk. The Company’s hedging program is not used for trading or speculative purposes.
All derivatives are recognized on the balance sheet at their fair value. Changes in the fair value of derivatives are recorded in the Consolidated Statements of Operations, or as a component of AOCI in the Consolidated Balance Sheets, as discussed below.
Cash Flow Hedges
The Company designates certain forward foreign currency exchange contracts used to hedge forecasted sales transactions, inventory purchases and operating expenses that are denominated in currencies other than the legal entity's functional currency as cash flow hedges. These forward foreign currency exchange contracts generally have terms up to 24 months. Gains and losses on cash flow hedges are recorded in AOCI until the hedged item is recognized in earnings. Deferred gains and losses associated with cash flow hedges are recognized in the Consolidated Statements of Operations in the same period as the related impacts from the hedged items as follows: hedges of forecasted sales transactions are recognized in "Revenue", hedges of forecasted inventory purchases are recognized in "Cost of revenue" and hedges of forecasted operating expenses are recognized in "Selling, general and administrative expenses".
The Company also uses interest rate swap derivative contracts to economically convert a portion of its variable-rate debt to fixed-rate debt. Deferred gains and losses associated with cash flow hedges of interest payments are recognized in “Interest expense and finance charges, net” in the same period the related expense is recognized. The Company terminated its remaining interest rate swaps in May 2023 and had no interest rate swaps designated as cash flow hedges outstanding during fiscal years 2024 or 2025.
Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified into earnings in the period of de-designation. Any subsequent changes in fair value of such derivative instruments are recorded in earnings unless they are re-designated as hedges of other transactions.
Net Investment Hedges
The Company has entered into forward foreign currency exchange contracts, as well as forward foreign currency exchange contracts combined with zero cost foreign exchange collar contracts, to hedge a portion of its net investment in euro denominated foreign operations which are designated as net investment hedges. The Company entered into the net investment hedges to offset the risk of change in the U.S. dollar value of the Company's investment in a euro functional subsidiary due to fluctuating foreign exchange rates. The Company's net investment hedges mature in various periods through 2031.
Non-Designated Derivatives
The Company uses short-term forward contracts to offset the foreign exchange risk of assets and liabilities denominated in currencies other than the functional currency of the respective entities. These contracts, which are not designated as hedging instruments, mature or settle within twelve months. Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.
Fair Values of Derivative Instruments in the Consolidated Balance Sheets
The fair values of the Company’s derivative instruments are disclosed in Note 9 - Fair Value Measurements and summarized in the table below:
Value as of
Balance Sheet Line Item (currency in thousands)
November 30,
2025		November 30,
2024
Derivative instruments not designated as hedging instruments:
Forward foreign currency exchange contracts (notional value)$2,697,479 $1,962,852 
Other current assets7,386 11,863 
Other accrued liabilities7,026 8,096 
Derivative instruments designated as cash flow hedges:
Forward foreign currency exchange contracts (notional value)(1)
$120,073 $— 
Other current assets96 — 
Other accrued liabilities107 — 
Derivative instruments designated as net investment hedges:
Forward foreign currency exchange contracts (notional value)$673,644 $687,475 
Other current assets— 220 
Other long-term assets— 2,320 
Other accrued liabilities27,462 91 
Other long-term liabilities14,822 7,889 
Foreign currency exchange collar contracts (notional value)$300,000 $300,000 
Other long-term assets— 1,792 
Other long-term liabilities3,500 — 
____________________________
(1) The Company had no material cash flow hedges outstanding as of November 30, 2024.
Volume of Activity
The notional amounts of forward foreign exchange contracts represent the gross amounts of foreign currency, including, principally, the Australian dollar, Brazilian real, British pound, Canadian dollar, Chinese yuan, Columbian peso, Costa Rican colón, Czech koruna, Danish krone, Euro, Hong Kong dollar, Indian rupee, Indonesian rupiah, Japanese yen, Malaysian ringgit, Mexican peso, Norwegian krone, Polish zloty, Romanian leu, Singapore dollar, South Korean won, Swedish krona, Swiss franc, Turkish lira and Vietnamese dong that will be bought or sold at maturity. The notional amounts of foreign currency exchange collar contracts represent the amounts of put and call options to sell or purchase Euros at a predetermined strike price. The notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the Company’s exposure to credit or market loss. The Company’s exposure to credit loss and market risk will vary over time as currency and interest rates change.
The Effect of Derivative Instruments on AOCI and the Consolidated Statements of Operations
The following table shows the gains and losses, before taxes, of the Company's derivative instruments designated as cash flow hedges and net investment hedges in Other Comprehensive Income (“OCI”), and not designated as hedging instruments in the Consolidated Statements of Operations for the periods presented:
Location of Gains (losses)
in Income		For the fiscal years ended November 30,
202520242023
(currency in thousands)
Derivative instruments not designated as hedging instruments:
(Losses) gains recognized from foreign exchange forward contracts, net(1)
Cost of revenue$(42,864)$36,971 $(43,338)
Losses recognized from foreign exchange forward contracts, net(1)
Other expense, net(2,480)(4,091)(6,212)
Total$(45,344)$32,880 $(49,550)
Derivative instruments designated as net investment hedges:
(Losses) gains recognized in OCI on foreign currency forward contracts$(47,315)$5,579 $(29,405)
Gains recognized in income (amount excluded from effectiveness testing)Interest expense and finance charges, net$10,122 $10,323 $9,149 
(Losses) gains recognized in OCI on foreign exchange collar contracts(2)
$(5,292)$1,791 $— 
Derivative instruments designated as cash flow hedges(3):
Losses recognized in OCI on forward foreign currency exchange contracts$(1,728)$— $— 
Losses on forward foreign currency exchange contracts reclassified from AOCI into incomeRevenue$(775)$— $— 
Losses on forward foreign currency exchange contracts reclassified from AOCI into income
Cost of revenue$(257)$— $— 
Losses on forward foreign currency exchange contracts reclassified from AOCI into incomeSelling, general and administrative expenses$(424)$— $— 
Gains recognized in OCI on interest rate swaps$— $— $937 
Gains on interest rate swaps reclassified from AOCI into incomeInterest expense and finance charges, net$— $— $9,494 
__________________
(1) The gains and losses largely offset the currency gains and losses that resulted from changes in the assets and liabilities denominated in nonfunctional currencies.
(2) The Company had no foreign exchange collar contracts outstanding during the fiscal year ended November 30, 2023.
(3) The Company had no material cash flow hedges outstanding during the fiscal year ended November 30, 2024.
Except for the net investment hedge amounts shown above, there were no material gain or loss amounts excluded from the assessment of effectiveness. Existing net losses in AOCI that are expected to be reclassified into earnings in the normal course of business within the next twelve months are not material.
Credit exposure for derivative financial instruments is limited to the amounts, if any, by which the counterparties’ obligations under the contracts exceed the Company’s obligations to the counterparties. The Company manages the potential risk of credit losses through careful evaluation of counterparty credit standing and selection of counterparties from a limited group of financial institutions.
v3.25.4
Fair Value Measurements
 12 Months Ended
Nov. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS:
The Company’s fair value measurements are classified and disclosed in one of the following three categories:
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and
Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).
The following table summarizes the valuation of the Company’s financial instruments that are measured at fair value on a recurring basis:
As of November 30, 2025As of November 30, 2024
Fair value measurement categoryFair value measurement category
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
(currency in thousands)
Assets:
Forward foreign currency exchange contracts not designated as hedges$7,386 — $7,386 — $11,863 — $11,863 — 
Forward foreign currency exchange contracts designated as net investment hedges— — — — 2,540 — 2,540 — 
Foreign exchange collar contracts designated as net investment hedges— — — — 1,792 — 1,792 — 
Forward foreign currency exchange contracts designated as cash flow hedges(1)
96 — 96 — — — — — 
Liabilities:
Forward foreign currency exchange contracts not designated as hedges$7,026 — $7,026 — $8,096 $— $8,096 $— 
Forward foreign currency exchange contracts designated as net investment hedges42,285 — 42,285 — 7,980 — 7,980 — 
Foreign exchange collar contracts designated as net investment hedges3,500 — 3,500 — — — — — 
Forward foreign currency exchange contracts designated as cash flow hedges(1)
107 — 107 — — — — — 
__________________
(1) The Company had no material cash flow hedges outstanding as of November 30, 2024.
The fair values of forward exchange contracts are measured based on the foreign currency spot and forward rates quoted by the banks or foreign currency dealers. The fair values of foreign currency exchange collar contracts are measured using the cash flows of the contracts, discount rates to account for the passage of time, implied volatility and current foreign exchange market data, which are all based on inputs readily available in public markets. The effect of nonperformance risk on the fair value of derivative instruments was not material as of November 30, 2025 and 2024.
The carrying values of accounts receivable, accounts payable and short-term debt approximate fair value due to their short maturities and interest rates which are variable in nature. The carrying value of the Company’s term loans approximate their fair value since they bear interest rates that are similar to existing market rates. The estimated fair value of the Senior Notes was approximately $3.5 billion and $2.3 billion at November 30, 2025 and 2024, respectively, based on Level 1 fair value measurement inputs as defined above.
During the fiscal year ended November 30, 2025 there were no transfers between the fair value measurement category levels.
v3.25.4
Borrowings
 12 Months Ended
Nov. 30, 2025
Debt Disclosure [Abstract]  
BORROWINGS BORROWINGS:
Borrowings consist of the following:
As of November 30,
20252024
(currency in thousands)
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2)
$700,000 $— 
Other short-term borrowings319,260 171,092 
Short-term borrowings before debt discount and issuance costs$1,019,260 $171,092 
Less: current portion of unamortized debt discount and issuance costs
(939)— 
Borrowings, current$1,018,321 $171,092 
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2)
$— $700,000 
TD SYNNEX 2.375% Senior Notes due August 9, 2028 (1) (2)
600,000 600,000 
TD SYNNEX 4.300% Senior Notes due January 17, 2029 (2)
550,000 — 
TD SYNNEX 2.650% Senior Notes due August 9, 2031 (1) (2)
500,000 500,000 
TD SYNNEX 6.100% Senior Notes due April 12, 2034 (2)
600,000 600,000 
TD SYNNEX 5.300% Senior Notes due October 10, 2035 (2)
600,000 — 
Total TD SYNNEX Senior Notes in long-term debt
$2,850,000 $2,400,000 
TD SYNNEX Term Loan— 581,250 
2024 Term Loan
750,000 750,000 
Total term loans
$750,000 $1,331,250 
Other credit agreements and long-term debt14,562 24,956 
Long-term borrowings, before unamortized debt discount and issuance costs$3,614,562 $3,756,206 
Less: unamortized debt discount and issuance costs(22,432)(19,807)
Long-term borrowings$3,592,130 $3,736,399 
__________________
(1) The interest rate payable on each of these series of Senior Notes is subject to adjustment from time to time if the credit rating assigned to such series of Senior Notes is downgraded (or downgraded and subsequently upgraded).
(2) The Company pays interest semi-annually on each of these series of Senior Notes.
TD SYNNEX U.S. Accounts Receivable Securitization Arrangement
In the U.S., the Company has an accounts receivable securitization program to provide additional capital for its operations (the “U.S. AR Arrangement”). Under the terms of the U.S. AR Arrangement, as amended, the Company and its subsidiaries that are party to the U.S. AR Arrangement can borrow based on the key terms in the table below (currency in thousands):
Maximum Borrowing Capacity (1)
Maturity Date
Effective Borrowing Cost(2)
Program Fee Payable(3)
Facility Fee Payable(4)
$1,500,000January 20, 2028
Blended rate
0.85%
0.30% - 0.40%
__________________
(1) Based on eligible trade accounts receivable.
(2) Based upon the composition of the lenders, that includes prevailing dealer commercial paper rates and a rate based upon SOFR.
(3) Payable on the used portion of the lenders’ commitment; accrues per annum.
(4) Payable on the adjusted commitment of the lenders, accrues at different tiers per annum depending on the amount of outstanding advances from time to time.
Under the terms of the U.S. AR Arrangement, the Company and certain of its U.S. subsidiaries sell, on a revolving basis, their receivables to a wholly-owned, bankruptcy-remote subsidiary. Such receivables, which are recorded in the Consolidated Balance Sheet, totaled approximately $3.2 billion and $3.4 billion as of November 30, 2025 and 2024, respectfully. The borrowings are funded by pledging all of the rights, title and interest in the receivables acquired by the Company's bankruptcy-remote subsidiary as security. Any amounts borrowed under the U.S. AR Arrangement are recorded as debt on the Company's Consolidated Balance Sheets. There were no amounts outstanding under the U.S. AR Arrangement at November 30, 2025 or 2024.
TD SYNNEX Credit Agreement
The Company is party to an amended and restated credit agreement, dated as of April 16, 2024 (as amended, the “TD SYNNEX Credit Agreement”) with the lenders party thereto and Citibank, N.A., as agent, pursuant to which the Company received commitments for the extension of a senior unsecured revolving credit facility (the “TD SYNNEX Revolving Credit Facility”) not to exceed an aggregate principal amount of $3.5 billion, which may, at the request of the Company but subject to the lenders’ discretion, potentially be increased by up to an aggregate amount of $500.0 million. The borrowers under the TD SYNNEX Credit Agreement are TD SYNNEX Corporation and certain subsidiaries of the Company. There were no amounts outstanding under the TD SYNNEX Revolving Credit Facility at November 30, 2025 or 2024. Borrowings under the TD SYNNEX Revolving Credit Facility bear interest at a per annum rate equal to the applicable SOFR rate, plus a credit spread adjustment, plus the applicable margin, as well as a commitment fee as referenced in the table below:
Maturity DateCredit Spread Adjustment
Margin(2)
Commitment Fee(3)
April 16, 2029(1)
0.10%
1.000%-1.750%
0.100%-0.300%
__________________
(1) As amended, the TD SYNNEX Revolving Credit Facility will mature on April 16, 2029, subject, in the lender's discretion to two one-year extensions upon the Company's prior notice to lenders.
(2) The margin is based on the Company’s Public Debt Rating (as defined in the TD SYNNEX Credit Agreement). The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.
(3) The commitment fee range is applied to any unused commitment under the TD SYNNEX Revolving Credit Facility based on the Company’s Public Debt Rating.
The TD SYNNEX Credit Agreement also included a senior unsecured term loan (the “TD SYNNEX Term Loan”) in an original aggregate principal amount of $1.5 billion, that was fully funded in connection with the closing of the Merger. There was $581.3 million outstanding on the TD SYNNEX Term Loan as of November 30, 2024. The Company repaid the remaining principal of the TD SYNNEX Term Loan in full in October 2025, and there was no associated balance outstanding as of November 30, 2025. Loans borrowed under the TD SYNNEX Credit Agreement bore interest at a per annum rate equal to the applicable SOFR rate, plus a credit spread adjustment, plus the applicable margin as referenced in the table below:
Maturity DateCredit Spread Adjustment
Margin(2)
Effective Interest Rate as of November 30, 2024
September 1, 2026(1)
0.10%
1.125%-1.750%
6.05%
__________________
(1) The originally scheduled maturity of the TD SYNNEX Term Loan was on the fifth anniversary of the September 1, 2021 closing date. As stated above, the Company repaid the remaining principal in full in October 2025.
(2) The margin is based on the Company’s Public Debt Rating. The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.
TD SYNNEX Term Loan Credit Agreement
On April 19, 2024, the Company entered into a Term Loan Credit Agreement (the "2024 Term Loan Credit Agreement") with the initial lenders party thereto, Bank of America N.A., as administrative agent for the lenders, and BOFA Securities, Inc. as lead arranger and lead bookrunner. The 2024 Term Loan Credit Agreement provides for a senior unsecured term loan in the aggregate principal amount of $750.0 million (the "2024 Term Loan"). The proceeds from the 2024 Term Loan were used to repay a portion of the TD SYNNEX Term Loan. The borrower under the 2024 Term Loan is the Company.
Loans borrowed under the 2024 Term Loan Credit Agreement bear interest at a per annum rate equal to the applicable SOFR rate, plus credit spread adjustment, plus the applicable margin within a range based on the Company’s Public Debt Rating (as defined in the 2024 Term Loan Credit Agreement). Key terms for the 2024 Term Loan Credit Agreement are as follows:
Maturity DateCredit Spread AdjustmentMargin
Effective Interest Rate as of November 30, 2025
Effective Interest Rate as of November 30, 2024
September 1, 20270.10%
1.000% - 1.625%
5.27%6.04%
TD SYNNEX Senior Notes
On August 9, 2021, the Company completed its offering of $2.5 billion aggregate principal amount of senior unsecured notes due in 2024, 2026, 2028 and 2031. On April 12, 2024, the Company issued and sold $600.0 million senior notes due in 2034 (the "2034 Senior Notes"). The Company used the net proceeds from this offering, together with other available funds, to repay the $700.0 million aggregate principal amount of the 1.250% Senior Notes that were due August 9, 2024 and for general corporate purposes. The Company incurred $6.1 million of issuance costs on the 2034 Senior Notes.
On October 10, 2025, the Company issued and sold both $550.0 million senior notes due in 2029 (the "2029 Senior Notes") and $600.0 million senior notes due in 2035 (the "2035 Senior Notes"). The Company used the net proceeds from this offering to repay the remaining principal of the TD SYNNEX Term Loan and for general corporate purposes. The Company incurred $3.3 million and $5.4 million of issuance costs on the 2029 Senior Notes and the 2035 Senior Notes, respectively.
Hereafter, all senior notes referred to previously will be referred to collectively as the "Senior Notes."
The Company may redeem the outstanding Senior Notes, in whole or in part, at any time and from time to time, prior to respective Par Call Dates (as reflected in the table below) at a redemption price equal to the greater of (x) 100% of the aggregate principal amount of the applicable Senior Notes to be redeemed and (y) the sum of the present values of the remaining scheduled payments of the principal and interest on the Senior Notes, in each case discounted to the date of redemption (assuming the applicable Senior Notes matured on the applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable treasury rate (as defined in the supplemental indenture establishing the terms of the applicable Senior Notes) plus the applicable spread, as shown in the table below, plus in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. The Company may also redeem the Senior Notes of any series at its option, in whole or in part, at any time and from time to time on or after the applicable Par Call Date, at a redemption price equal to 100% of the principal amount of the Senior Notes to be redeemed.
Par Call Dates and the spread to the applicable treasury rate for the respective outstanding Senior Notes are as follows:
Senior NotesPar Call DateSpread (in basis points)
Senior Notes due 2026July 9, 202620
Senior Notes due 2028June 9, 202825
Senior Notes due 2029
December 17, 2028
15
Senior Notes due 2031May 9, 203125
Senior Notes due 2034January 12, 203430
Senior Notes due 2035
July 10, 2035
20
Other Short-Term Borrowings
The Company has various other committed and uncommitted lines of credit with financial institutions, short-term loans, term loans, credit facilities, and book overdraft facilities, totaling approximately $676.6 million in borrowing capacity as of November 30, 2025. Most of these facilities are provided on a short-term basis and are reviewed periodically for renewal. Interest rates and other terms of borrowing under these lines of credit vary by country, depending on local market conditions. There was $319.3 million outstanding on these facilities at November 30, 2025, at a weighted average interest rate of 5.72%, and there was $171.1 million outstanding at November 30, 2024, at a weighted average interest rate of 7.91%. Borrowings under these lines of credit facilities are guaranteed by the Company or secured by eligible accounts receivable.
At November 30, 2025, the Company was also contingently liable for reimbursement obligations with respect to issued standby letters of credit in the aggregate outstanding amount of $68.0 million. These letters of credit typically act as a guarantee of payment to certain third parties in accordance with specified terms and conditions.
The maximum commitment amounts for local currency credit facilities have been translated into U.S. dollars at November 30, 2025 exchange rates.
Future Principal Payments
As of November 30, 2025, future principal payments under the above loans are as follows:
Fiscal Years Ending November 30,
(currency in thousands)
2026$1,019,260 
2027764,562 
2028600,000 
2029550,000 
2030— 
Thereafter1,700,000 
Total$4,633,822 
Covenant Compliance
The Company's credit facilities have a number of covenants and restrictions that require the Company to maintain specified financial ratios, including a maximum debt to EBITDA ratio and a minimum interest coverage ratio, in each case tested on the last day of each fiscal quarter. The covenants also limit the Company’s ability to incur additional debt, create liens, enter into agreements with affiliates, modify the nature of the Company’s business, and merge or consolidate. As of November 30, 2025, the Company was in compliance with all material financial covenants for the above arrangements.
v3.25.4
Supplier Finance Programs
 12 Months Ended
Nov. 30, 2025
Payables and Accruals [Abstract]  
SUPPLIER FINANCE PROGRAMS SUPPLIER FINANCE PROGRAMS:
The Company has certain arrangements with third-party financial institutions ("Supplier Finance Programs"), which facilitate the participating vendors’ ability to sell their accounts receivable from the Company to the third-party financial institutions, at the sole discretion of these vendors. The Company is not party to the agreements between the vendor and the third-party financial institution. As part of these arrangements, the Company generally receives more favorable payment terms from its vendors. The Company’s rights and obligations to its vendors, including amounts due, are generally not impacted by Supplier Finance Programs. However, the Company agrees to make all payments to the third-party financial institutions, and the Company’s right to offset balances due from vendors against payment obligations is restricted by the agreements for those payment obligations that have been sold by the respective vendors. The Company generally does not incur any fees under Supplier Finance Programs; however, the Company did recognize an immaterial amount of fees during fiscal year 2025 within "Cost of revenue" in the Company's Consolidated Statements of Operations related to an arrangement with a certain vendor. As of November 30, 2025 and 2024, the Company had $3.7 billion and $3.2 billion, respectively, in obligations outstanding under these programs included in “Accounts payable” in the Company’s Consolidated Balance Sheets and all activity related to the obligations is presented within operating activities in the Consolidated Statements of Cash Flows.
The following table is a rollforward of the Company's outstanding obligations under Supplier Finance Programs (currency in thousands):
Obligations outstanding as of November 30, 2024
$3,173,906 
Invoices confirmed during the period
13,772,414 
Confirmed invoices paid during the period
(13,423,916)
Foreign currency exchange translation
190,808 
Obligations outstanding as of November 30, 2025
$3,713,212 
v3.25.4
Segment Information
 12 Months Ended
Nov. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION:
Operating segments are based on components of the Company that engage in business activity that earn revenue and incur expenses and (a) whose operating results are regularly reviewed by the Company’s chief operating decision maker ("CODM") to make decisions about resource allocation and performance and (b) for which discrete financial information is available. The Company’s Chief Executive Officer, who is also the CODM, primarily uses operating income to review segment performance by analyzing and comparing year-over-year and forecast-to-actual segment-level operational performance and to make strategic decisions concerning resource allocation across the operating segments. The Company operates in three reportable segments, which are the same as its operating segments, based on its geographic regions: the Americas, Europe and APJ.
Financial information related to the Company’s reportable segments for the periods presented is shown below:
AmericasEurope
APJ
Consolidated
Fiscal year ended November 30, 2025
(currency in thousands)
Revenue$36,176,520 $21,694,750 $4,636,816 $62,508,086 
Less(1):
Cost of revenue
(33,569,644)(20,257,031)(4,312,429)(58,139,104)
Gross profit$2,606,876 $1,437,719 $324,387 $4,368,982 
Less(1):
Payroll and payroll related expenses(2)
$(988,291)$(705,725)$(139,398)$(1,833,414)
Depreciation(3)
(60,417)(34,478)(5,412)(100,307)
Amortization of intangibles
(164,167)(128,754)(3,337)(296,258)
Acquisition, integration and restructuring costs
(4,322)(2,112)(746)(7,180)
Share-based compensation expense
(43,445)(19,056)(3,927)(66,428)
Other segment items(4)
(340,840)(247,779)(61,857)(650,476)
Operating income$1,005,394 $299,815 $109,710 $1,414,919 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(356,608)
Other expense, net(1,057)
Income before income taxes
$1,057,254 
Other segment disclosures
Purchases of property and equipment(5)
$(76,422)$(24,647)$(9,061)$(110,130)
Total assets$18,426,557 $13,196,300 $2,628,041 $34,250,898 
AmericasEurope
APJ
Consolidated
Fiscal year ended November 30, 2024
(currency in thousands)
Revenue$34,791,848 $19,634,156 $4,026,432 $58,452,436 
Less(1):
Cost of revenue(1)
(32,428,806)(18,318,369)(3,723,955)(54,471,130)
Gross profit$2,363,042 $1,315,787 $302,477 $3,981,306 
Less(1):
Payroll and payroll related expenses(2)
$(921,300)$(632,823)$(121,700)$(1,675,823)
Depreciation(3)
(57,242)(33,252)(5,376)(95,870)
Amortization of intangibles(165,860)(123,567)(2,877)(292,304)
Acquisition, integration and restructuring costs(53,245)(16,831)(1,238)(71,314)
Share-based compensation expense(45,107)(20,318)(3,776)(69,201)
Other segment items(4)
(302,740)(225,083)(54,760)(582,583)
Operating income$817,548 $263,913 $112,750 $1,194,211 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(319,458)
Other expense, net(8,718)
Income before income taxes$866,035 
Other segment disclosures
Purchases of property and equipment(5)
$(99,238)$(20,832)$(5,005)$(125,075)
Total assets$16,842,254 $11,259,735 $2,172,490 $30,274,479 
AmericasEurope
APJ
Consolidated
Fiscal year ended November 30, 2023
(currency in thousands)
Revenue$34,573,859 $19,422,297 $3,559,260 $57,555,416 
Less(1):
Cost of revenue(1)
(32,186,592)(18,133,330)(3,278,665)(53,598,587)
Gross profit2,387,267 1,288,967 280,595 3,956,829 
Less(1):
Payroll and payroll related expenses(2)
$(909,285)$(624,043)$(111,939)$(1,645,267)
Depreciation(3)
(63,069)(29,354)(5,038)(97,461)
Amortization of intangibles(169,569)(121,680)(2,488)(293,737)
Acquisition, integration and restructuring costs(165,845)(37,091)(3,299)(206,235)
Share-based compensation expense(6)
(35,955)(11,255)(2,063)(49,273)
Other segment items(4)
(306,939)(229,067)(50,818)(586,824)
Operating income$736,605 $236,477 $104,950 $1,078,032 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(288,318)
Other expense, net(206)
Income before income taxes$789,508 
Other segment disclosures
Purchases of property and equipment(5)
$(68,667)$(21,027)$(4,840)$(94,534)
__________________
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.
(2) Represents payroll costs for each reportable segment that are recorded within selling, general and administrative expenses.
(3) Represents depreciation recorded within selling, general and administrative expenses. Excludes $17.7 million, $13.9 million, and $9.8 million of depreciation recorded within cost of revenue in fiscal years 2025, 2024 and 2023, respectively. Also excludes $5.5 million and $17.4 million of accelerated depreciation recorded within acquisition, integration and restructuring costs in fiscal years 2024 and 2023, respectively. Those excluded amounts are included within total depreciation and amortization shown on the Consolidated Statements of Cash Flows.
(4) Other segment items for each reportable segment include various operating costs including cost of warehouses, delivery centers and other non-integration facilities, IT expenses, credit costs including bad debt expense, travel and entertainment, legal and professional fees, non-income taxes and other miscellaneous selling, general, and administrative expenses.
(5) Excludes purchases of capitalized software and application software.
(6) Represents share-based compensation recorded within selling, general and administrative expenses. Amounts shown for fiscal 2023 exclude certain share-based compensation expenses that were recorded within acquisition, integration and restructuring costs. Refer to Note 4 - Share-Based Compensation for further discussion of these costs.
The Company attributes revenues from external customers to the country from where products are delivered. Except for the U.S., no other country accounted for 10% or more of the Company’s revenue for the periods presented.
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Revenue:
United States$32,282,195 $31,075,984 $30,418,425 
Others30,225,891 27,376,452 27,136,991 
Total$62,508,086 $58,452,436 $57,555,416 
Except for the U.S. and France, no other country accounted for 10% or more of the Company’s property and equipment, net, less capitalized software and application software, for the periods presented:
As of November 30,
20252024
(currency in thousands)
Long-lived assets:
United States$251,562 $225,885 
France46,752 42,254 
Others89,901 74,353 
Total$388,215 $342,492 
v3.25.4
Employee Benefit Plans
 12 Months Ended
Nov. 30, 2025
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFITS PLANS:
The Company has 401(k) plans in the U.S. under which eligible co-workers may contribute up to the maximum amount as provided by law. Co-workers generally become eligible to participate in these plans on the first day of the month after their employment date. The Company may make discretionary contributions under the plans. During fiscal years 2025, 2024 and 2023, the Company contributed $17.6 million, $17.0 million and $17.3 million, respectively, to these 401(k) plans. Co-workers in certain of the Company's international subsidiaries are covered by government mandated defined contribution plans, which are not material to operations. Additionally, the Company has defined benefit plans sponsored by certain international subsidiaries which are not material to its operations.
v3.25.4
Leases
 12 Months Ended
Nov. 30, 2025
Leases [Abstract]  
LEASES LEASES:
The Company leases certain of its facilities and equipment under noncancellable operating lease agreements, which expire in various periods through 2039. The Company’s finance leases are not material.
The following table presents the various components of lease costs:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Operating lease cost$116,025 $108,898 $109,789 
Short-term and variable lease cost23,760 28,672 26,022 
Sublease income(1,354)(606)(950)
Total operating lease cost$138,431 $136,964 $134,861 
The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five years and thereafter as of November 30, 2025:
Fiscal Years Ending November 30,
(currency in thousands)
2026$111,443 
202793,598 
202877,732 
202963,196 
203049,133 
Thereafter173,112 
Total payments$568,214 
Less: imputed interest(1)
(96,683)
Total present value of lease payments$471,531 
__________________
(1) Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.
The following amounts were recorded in the Company's Consolidated Balance Sheet as of November 30, 2025 and 2024:
Operating leasesBalance sheet locationNovember 30, 2025November 30, 2024
(currency in thousands)
Operating lease ROU assetsOther assets, net$441,344 $471,889 
Current operating lease liabilitiesOther accrued liabilities109,251 103,789 
Non-current operating lease liabilitiesOther long-term liabilities362,280 390,708 
The following table presents supplemental cash flow information related to the Company's operating leases for fiscal years 2025, 2024 and 2023. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
Fiscal Years Ended November 30,
Cash flow information202520242023
(currency in thousands)
Cash paid for amounts included in the measurement of lease liabilities$111,425 $103,803 $108,880 
Non-cash ROU assets obtained in exchange for lease liabilities47,378 111,123 128,953 
The weighted-average remaining lease term and discount rate as of November 30, 2025 and 2024 were as follows:
Operating lease term and discount rate20252024
Weighted-average remaining lease term (years)7.147.69
Weighted-average discount rate5.09 %4.86 %
v3.25.4
Income Taxes
 12 Months Ended
Nov. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES:
The components of pretax income are as follows:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
United States$557,284 $263,321 $283,233 
Foreign499,970 602,714 506,275 
$1,057,254 $866,035 $789,508 
Significant components of the provision for income taxes are as follows:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Current tax provision:
Federal$91,572 $12,163 $78,239 
State38,365 24,501 40,436 
Foreign146,466 169,093 135,494 
$276,403 $205,757 $254,169 
Deferred tax provision (benefit):
Federal$(36,748)$18,006 $(30,499)
State(2,052)(12,836)(24,771)
Foreign(8,009)(33,983)(36,302)
$(46,809)$(28,813)$(91,572)
Total tax provision$229,594 $176,944 $162,597 
The breakdown of net deferred tax assets and liabilities are as follows:
As of November 30,
20252024
(currency in thousands)
Deferred tax assets$33,193 $36,059 
Deferred tax liabilities(799,518)(812,763)
Total net deferred tax assets (liabilities)$(766,325)$(776,704)
The significant components of the Company’s deferred tax assets and liabilities are as follows:
As of November 30,
20252024
(currency in thousands)
Assets:
Loss carryforwards$80,110 $87,043 
Lease liabilities108,092 110,166 
Accrued liabilities76,633 118,272 
Foreign tax credit carryforwards5,484 36,290 
Disallowed interest expense26,267 21,976 
Allowance for doubtful accounts and sales return reserves17,397 19,713 
Capitalized inventory costs15,337 11,974 
Unrealized losses on hedges18,868 11,971 
Acquisition and transaction related costs12,483 5,255 
Share-based compensation expense12,326 15,575 
Deferred revenue45,809 12,129 
Long-lived assets2,139 4,665 
Other, net6,995 3,251 
427,940 458,280 
Less: valuation allowance(67,713)(80,640)
Total deferred tax assets$360,227 $377,640 
Liabilities:  
Long-lived assets$(992,783)$(1,017,777)
Lease right-of-use assets(102,964)(106,821)
Deferred costs(9,752)(12,279)
Deferred taxes on unremitted earnings(15,000)(5,116)
Other, net(6,053)(12,351)
Total deferred tax liabilities$(1,126,552)$(1,154,344)
Net deferred tax liability$(766,325)$(776,704)
The decrease in the Company's net deferred tax liability position is primarily due to a reversal of a portion of the Company's deferred tax liabilities related to long-lived assets. The net change in the deferred tax valuation allowances in fiscal 2025 was a decrease of $12.9 million primarily resulting from the release of valuation allowances on foreign tax credits, partially offset with the recording of valuation allowances in certain foreign jurisdictions.
The valuation allowance at November 30, 2025 primarily relates to carryforwards for foreign net operating losses. The valuation allowance at November 30, 2024 primarily relates to carryforwards for foreign net operating losses and foreign tax credits in the United States. The Company considers all positive and negative evidence available in determining the potential of realizing deferred tax assets. To the extent that the Company generates consistent taxable income within those operations with valuation allowances, the Company may reduce the valuation allowances, thereby reducing income tax expense and increasing net income in the period the determination is made.
The Company’s net operating loss carryforwards totaled $233.3 million at November 30, 2025. The majority of the net operating losses have an indefinite carryforward period with the remaining portion expiring in fiscal years 2026 through 2045. In addition, the Company has a $21.2 million net amount of state net operating losses with the majority having an indefinite carryforward period.
The reconciliation of the statutory United States federal income tax rate to the Company’s effective income tax rate is as follows:
Fiscal Years Ended November 30,
202520242023
United States federal statutory income tax rate21.0 %21.0 %21.0 %
State income taxes, net of federal income tax benefit2.8 1.0 1.1 
Global intangible low taxed income0.3 0.4 0.7 
Tax on foreign earnings different than US federal rate(0.4)(2.5)(3.0)
Net changes in deferred tax valuation allowances(0.8)(1.4)(0.2)
Foreign-derived intangible income(1.6)(0.7)(0.5)
Interest not subject to tax, net(0.6)0.1 0.1 
Foreign withholding taxes0.8 2.4 0.6 
Net changes in reserves for uncertain tax positions0.1 (0.3)— 
Stock compensation related to Tech Data equity awards— — 0.9 
Other, net0.1 0.4 (0.1)
Effective income tax rate21.7 %20.4 %20.6 %
The Company’s U.S. business has sufficient cash flow and liquidity to fund its operating requirements and the Company expects and intends that profits earned outside the U.S. will be utilized and reinvested outside of the U.S.
As of November 30, 2025, the Company had approximately $1.3 billion of undistributed earnings of its non-U.S. subsidiaries. The Company intends to indefinitely reinvest the remaining earnings from its foreign subsidiaries for which a deferred tax liability has not already been recorded. It is not practicable to determine the amount of applicable taxes that would be due if such earnings were distributed. Accordingly, the Company has not provisioned United States state taxes and foreign withholding taxes on non-U.S. subsidiaries for which the earnings are permanently reinvested.
The Company has been granted tax holidays in certain jurisdictions, primarily China. The tax holidays provide for lower rates of taxation and require various thresholds of investment and business activities in those jurisdictions. Certain tax holidays began to expire in fiscal year 2025. The tax benefits from the above tax holidays for fiscal years 2025, 2024 and 2023 were not material.
The estimates and assumptions used by the Company in computing the income taxes reflected in the Company’s consolidated financial statements could differ from the actual results reflected in the income tax returns filed during the subsequent year. Adjustments are recorded based on filed returns when such returns are finalized or the related adjustments are identified.
The Organization for Economic Co-operation and Development has published a proposal to establish a new global minimum corporate tax rate of 15%, commonly referred to as Pillar Two. While the U.S. has not yet adopted the Pillar Two framework into law, several countries in which we operate have enacted tax legislation based on the Pillar Two framework with certain components of the minimum tax rules effective beginning in 2024 (fiscal year 2025 for the Company) and further rules becoming effective beginning in 2025 (fiscal year 2026 for the Company). These rules are not expected to materially impact the Company's Consolidated Financial Statements. The Company will continue to monitor U.S. and global legislative action related to Pillar Two for potential impacts.
On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted in the United States. This legislation introduces several measures, including the permanent extension of select provisions from the Tax Cuts and Jobs Act of 2017, revisions to the international tax framework, and the reinstatement of favorable tax treatment for certain business-related items. The OBBBA contains multiple effective dates, with key provisions beginning in our fiscal year 2026. Based on our initial assessment, we do not anticipate the OBBBA will have a material impact on our effective tax rate.
The aggregate changes in the balances of gross unrecognized tax benefits, excluding accrued interest and penalties, during fiscal years 2025, 2024 and 2023 were as follows (currency in thousands):
For the year ended November 30:202520242023
Gross unrecognized tax benefits at beginning of period$16,797 $18,940 $20,695 
Increases in tax positions for prior years and acquisitions812 1,068 859 
Decreases in tax positions for prior years(632)(1,219)(3,093)
Increases in tax positions for current year1,265 1,390 3,101 
Expiration of statutes of limitation(1,592)(3,167)(2,874)
Settlements— — — 
Changes due to translation of foreign currencies427 (215)252 
Gross unrecognized tax benefits at end of period$17,077 $16,797 $18,940 
As of November 30, 2025, the amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate was $17.1 million. Unrecognized tax benefits that have a reasonable possibility of significantly decreasing within the 12 months following November 30, 2025 would not have a material impact on the tax rate. The Company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes. The Company’s accrued interest and penalties at November 30, 2025 would not have a material impact on the effective tax rate if reversed. The provision for income taxes for each of the fiscal years ended November 30, 2025, 2024 and 2023 includes interest expense on unrecognized income tax benefits for current and prior years which is not significant to the Company’s Consolidated Statement of Income. The change in the balance of accrued interest for fiscal 2025, 2024 and 2023, includes the current year end accrual, an interest benefit resulting from the expiration of statutes of limitation, and the translation adjustments on foreign currencies.
The Company conducts business primarily in the Americas, Europe and APJ, and as a result, one or more of its subsidiaries files income tax returns in the U.S. federal, various state, local and foreign tax jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities. The Company is no longer subject to examinations by the Internal Revenue Service for years before fiscal 2021. The Company is no longer subject to foreign or state income tax audits for returns covering years through 2012, and fiscal year 2017, respectively.
On December 1, 2020, the Company completed the previously announced separation of its customer experience services business (the “Separation”), in a tax-free transaction for federal income tax purposes, which was accomplished by the distribution of one hundred percent of the outstanding common stock of Concentrix Corporation (“Concentrix”). SYNNEX stockholders received one share of Concentrix common stock for every share of SYNNEX common stock held at the close of business on the record date. In preparation of the Separation, SYNNEX entered into a Tax Matters Agreement with Concentrix effective on December 1, 2020 that governs the rights and obligations of SYNNEX and Concentrix for certain pre-Separation tax liabilities. The Tax Matters Agreement provides that SYNNEX and Concentrix will share certain pre-Separation income tax liabilities that arise from adjustments made by tax authorities to SYNNEX and Concentrix’ U.S. and certain non-U.S. income tax returns. In certain jurisdictions SYNNEX and Concentrix have joint and several liability for past income tax liabilities and accordingly, SYNNEX could be legally liable under applicable tax law for such liabilities and required to make additional tax payments.
In addition, if the distribution of Concentrix' common shares to the SYNNEX stockholders is determined to be taxable, Concentrix and SYNNEX would share the tax liability equally, unless the taxability of the distribution is the direct result of action taken by either Concentrix or SYNNEX subsequent to the distribution in which case the party causing the distribution to be taxable would be responsible for any taxes imposed on the distribution.
v3.25.4
Commitments and Contingencies
 12 Months Ended
Nov. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES:
As is customary in the technology industry, to encourage certain customers to purchase products from us, the Company also has other financing agreements with financial institutions to provide inventory financing facilities to the Company’s customers and allow certain customers of the Company to finance their purchases directly with the financial institutions. The Company is contingently liable to repurchase inventory sold under these agreements in the event of any default by its customers under the agreement and such inventory being repossessed by the financial institutions. As the Company does not have access to information regarding the amount of inventory purchased from the Company still on hand with the customer at any point in time, the Company’s repurchase obligations relating to inventory cannot be reasonably estimated. Losses, if any, would be the difference between the repossession cost and the resale value of the inventory. Repurchases under these arrangements have been insignificant to date and the Company is not aware of any pending customer defaults or repossession obligations. The Company believes that, based on historical experience, the likelihood of a material loss pursuant to these inventory repurchase obligations is remote.
In 2013, the French Autorité de la Concurrence (“Competition Authority”) began an investigation into the French market for certain products of Apple, Inc., (“Apple”) for which the Company is a distributor. In March 2020, the Competition Authority imposed fines on the Company, on another distributor, and on Apple, finding that the Company entered into an anticompetitive agreement with Apple regarding volume allocations of Apple products. The initial fine imposed on the Company was €76.1 million. The Company appealed its determination to the French courts, seeking to set aside or reduce the fine. On October 6, 2022, the appeals court issued a ruling that reduced the fine imposed on the Company from €76.1 million to €24.9 million. As a result of the appeals court ruling, the Company paid €24.9 million through fiscal year 2022. The Company continues to contest the arguments of the Competition Authority and has further appealed this matter. A civil lawsuit related to this matter, alleging anticompetitive actions in association with the established distribution networks for Apple, the Company and another distributor was filed by eBizcuss. On November 25, 2024, the Paris Commercial Court ruled in favor of the Company and the other defendants and dismissed the claims in the eBizcuss civil lawsuit. An appeal to the ruling has since been made by eBizcuss, and while the Company continues to evaluate this matter, based on the favorable ruling from the Paris Commercial Court, the Company believes the likelihood of a material loss related to the eBizcuss lawsuit is remote.
From time to time, the Company receives notices from third parties, including customers and suppliers, seeking indemnification, payment of money or other actions in connection with claims made against them. Also, from time to time, the Company has been involved in various bankruptcy preference actions where the Company was a supplier to the companies now in bankruptcy. In addition, the Company is subject to various other claims, both asserted and unasserted, that arise in the ordinary course of business. The Company evaluates these claims and records the related liabilities in cases where a contingent obligation is deemed probable and reasonably estimable. It is possible that the ultimate liabilities could differ from the amounts recorded.
The Company does not believe that the above commitments and contingencies will have a material adverse effect on the Company’s results of operations, financial position or cash flows.
v3.25.4
Schedule II-Valuation and Qualifying Accounts
 12 Months Ended
Nov. 30, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
For the Fiscal Years Ended November 30, 2025, 2024 and 2023
(in thousands)
(Amounts may not add or compute due to rounding)
Balances at
Beginning of
Fiscal Year		Charged to Revenue
and Expense, net		Additions and Measurement Period Adjustments Related to
Acquisitions		Deductions, Reclassifications
and
Write-offs		Balances at
End of
Fiscal Year
Fiscal Year Ended November 30, 2023
Allowance for sales returns-gross$205,825 $21,342 $— $(57,132)$170,035 
Allowance for deferred tax assets102,891 (933)— (9,587)92,371 
Fiscal Year Ended November 30, 2024     
Allowance for sales returns-gross$170,035 $35,468 $— $(29,543)$175,960 
Allowance for deferred tax assets92,371 (15,701)5,545 (1,575)80,640 
Fiscal Year Ended November 30, 2025     
Allowance for sales returns-gross$175,960 $15,197 $— $(22,358)$168,799 
Allowance for deferred tax assets80,640 (15,684)— 2,757 67,713 
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Nov. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Nov. 30, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Nov. 30, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Risk Management and Strategy
Our cybersecurity program is designed to protect the confidentiality, integrity and availability of critical assets and information, using a proactive and risk-based approach. We utilize the National Institute of Standards and Technology ("NIST") Cybersecurity Framework as well as other globally recognized standards. The NIST framework is structured around six Core Functions (Govern, Identify, Protect, Detect, Recover and Respond) and is a comprehensive approach to information and cybersecurity risk management. Our program includes policies, practices, procedures and controls designed to manage material risks from cybersecurity threats, including training requirements, threat monitoring and detection, threat containment and risk assessments.
Our process for identifying and assessing material risks from cybersecurity threats operates alongside our company’s broader overall risk assessment process. We refine our cybersecurity program by staying informed on security threats, conducting tabletop exercises to proactively identify areas for improvements, and leveraging third-party cybersecurity firms and investing in enhancements to our preventive and defensive capabilities. We utilize a third-party remediation team on retainer for assistance in investigating and addressing cybersecurity incidents or threats. We maintain procedures for screening and evaluating third-party providers prior to granting them access to our information systems. Depending on the nature of the product or service to be provided, we screen any third-parties that could present a cybersecurity risk through a cyber risk assessment, and we review third-party suppliers post-engagement to identify changes in their security risk profile, including the occurrence of cybersecurity events affecting such suppliers. Contractual and statutory provisions require third-party suppliers to inform us of cyber incidents, in most cases. Additionally, we maintain cybersecurity insurance coverage that we believe is appropriate for the size and complexity of our business to cover certain costs related to cybersecurity incidents.
While we focus on prevention and detection, we also have incident response and recovery plans in place designed to analyze, contain, remediate and communicate cybersecurity matters to help ensure a timely and robust response to actual or attempted incidents. In the event of a cybersecurity incident, our incident response process involves assessing incident severity, conducting root cause analysis, creating and implementing plans to address the incident, mobilizing appropriate resources and identifying potential remedial measures and other appropriate next steps. We also have on retainer a third-party consultant to assist us in our incident response and remediation.
As of the date of this report, we are not aware of any risks from cybersecurity threats that have materially affected the Company, including our business strategy, results of operations or financial condition. However, we cannot provide assurance that these threats will not result in such an impact in the future. For more information regarding risks relating to information technology and cybersecurity, see “Item 1A. Risk Factors.”
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] We refine our cybersecurity program by staying informed on security threats, conducting tabletop exercises to proactively identify areas for improvements, and leveraging third-party cybersecurity firms and investing in enhancements to our preventive and defensive capabilities.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
We have a team of information security professionals with expertise in the fields of cybersecurity and intelligence who lead our enterprise-wide cybersecurity strategy, risk management, cyber defense, software security, security monitoring and other related functions. This team is overseen by a Chief Information Security Officer (“CISO”), who reports to our Chief Information Officer (“CIO”) and works with our Chief Legal Officer and other members of management.

The Board of Directors is responsible for overseeing our enterprise risk management process, including our information security program, compliance and risk management and cybersecurity risks. The CISO and CIO regularly provides reporting on cybersecurity matters to senior management and reports to the Board of Directors on at least a semi-annual basis and to the Technology Committee of the Board of Directors on at least a quarterly basis. This reporting includes updates on our information security strategy, key cyber risks and threats, efforts at protecting the Company from such risks and threats, and assessments of our cybersecurity program with regard to emerging trends. Depending on the magnitude of a cybersecurity incident, certain matters are required to be reported promptly to the Board of Directors, as appropriate, in accordance with our security incident response plan.
The Board of Directors' Technology Committee has an oversight role regarding technology-based risks and issues, including in relation to cybersecurity and other developing technologies, like generative AI. With respect to cybersecurity, the committee's role includes assisting the Board of Directors in evaluating management’s role in designing, implementing and assessing our IT systems, reviewing our cyber risks and strategies as well as any significant incidents, and providing guidance regarding the Company’s cybersecurity compliance obligations.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Board of Directors' Technology Committee has an oversight role regarding technology-based risks and issues, including in relation to cybersecurity and other developing technologies, like generative AI.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The CISO and CIO regularly provides reporting on cybersecurity matters to senior management and reports to the Board of Directors on at least a semi-annual basis and to the Technology Committee of the Board of Directors on at least a quarterly basis. This reporting includes updates on our information security strategy, key cyber risks and threats, efforts at protecting the Company from such risks and threats, and assessments of our cybersecurity program with regard to emerging trends. Depending on the magnitude of a cybersecurity incident, certain matters are required to be reported promptly to the Board of Directors, as appropriate, in accordance with our security incident response plan.
Cybersecurity Risk Role of Management [Text Block]
We have a team of information security professionals with expertise in the fields of cybersecurity and intelligence who lead our enterprise-wide cybersecurity strategy, risk management, cyber defense, software security, security monitoring and other related functions. This team is overseen by a Chief Information Security Officer (“CISO”), who reports to our Chief Information Officer (“CIO”) and works with our Chief Legal Officer and other members of management.

The Board of Directors is responsible for overseeing our enterprise risk management process, including our information security program, compliance and risk management and cybersecurity risks. The CISO and CIO regularly provides reporting on cybersecurity matters to senior management and reports to the Board of Directors on at least a semi-annual basis and to the Technology Committee of the Board of Directors on at least a quarterly basis. This reporting includes updates on our information security strategy, key cyber risks and threats, efforts at protecting the Company from such risks and threats, and assessments of our cybersecurity program with regard to emerging trends. Depending on the magnitude of a cybersecurity incident, certain matters are required to be reported promptly to the Board of Directors, as appropriate, in accordance with our security incident response plan.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] We have a team of information security professionals with expertise in the fields of cybersecurity and intelligence who lead our enterprise-wide cybersecurity strategy, risk management, cyber defense, software security, security monitoring and other related functions. This team is overseen by a Chief Information Security Officer (“CISO”), who reports to our Chief Information Officer (“CIO”) and works with our Chief Legal Officer
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] We have a team of information security professionals with expertise in the fields of cybersecurity and intelligence who lead our enterprise-wide cybersecurity strategy, risk management, cyber defense, software security, security monitoring and other related functions. This team is overseen by a Chief Information Security Officer (“CISO”), who reports to our Chief Information Officer (“CIO”) and works with our Chief Legal Officer and other members of management.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The CISO and CIO regularly provides reporting on cybersecurity matters to senior management and reports to the Board of Directors on at least a semi-annual basis and to the Technology Committee of the Board of Directors on at least a quarterly basis. This reporting includes updates on our information security strategy, key cyber risks and threats, efforts at protecting the Company from such risks and threats, and assessments of our cybersecurity program with regard to emerging trends. Depending on the magnitude of a cybersecurity incident, certain matters are required to be reported promptly to the Board of Directors, as appropriate, in accordance with our security incident response plan.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Nov. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Use of estimates
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. The Company evaluates these estimates on a regular basis and bases them on historical experience and on various assumptions that the Company believes are reasonable. Actual results could differ from the estimates.
Principles of consolidation
Principles of Consolidation
The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiaries and variable interest entities if the Company is the primary beneficiary. All intercompany accounts and transactions have been eliminated.
Investments in 20% through 50% owned affiliated companies are accounted under the equity method where the Company exercises significant influence over operating and financial affairs of the investee and is not the primary beneficiary. Investments in less than 20% owned companies, where the Company does not have significant influence, are recorded at cost or fair value based on whether the equity securities have readily determinable fair values.
Segment reporting
Segment Reporting
See Note 12 - Segment Information for further discussion of the Company's operating and reportable segments and the related accounting policies.
Cash and cash equivalents
Cash and Cash Equivalents
The Company considers all highly liquid debt instruments purchased with an original maturity or remaining maturity at the date of purchase of three months or less to be cash equivalents. Cash equivalents consist principally of money market deposit accounts and money market funds that are stated at cost, which approximates fair value. The Company is exposed to credit risk in the event of default by financial institutions to the extent that cash balances with financial institutions are in excess of amounts that are insured.
Accounts receivable
Accounts Receivable
The Company maintains an allowance for doubtful accounts as an estimate to cover the future expected credit losses resulting from uncertainty regarding collections from customers to make payments for outstanding balances. In estimating the required allowance, the Company takes into consideration historical credit losses, current conditions and reasonable and supportable forecasts. Adjustments to historical loss information are made for differences in current conditions as well as changes in forecasted macroeconomic conditions, such as changes in unemployment rates or gross domestic product growth. Expected credit losses are estimated on a pool basis when similar risk characteristics exist using an age-based reserve model. Receivables that do not share risk characteristics are evaluated on an individual basis.
The Company has uncommitted accounts receivable purchase agreements with global financial institutions under which trade accounts receivable of certain customers and their affiliates may be acquired, without recourse, by the financial institutions. Available capacity under these programs is dependent on the level of the Company’s trade accounts receivable with these customers and the financial institutions’ willingness to purchase such receivables. In addition, certain of these programs also require that the Company continue to service, administer and collect the sold accounts receivable. As of November 30, 2025 and 2024, accounts receivable sold to and held by the financial institutions under these programs were $1.8 billion and $1.2 billion, respectively. Discount fees related to the sale of trade accounts receivable under these facilities are included in “Interest expense and finance charges, net” in the Consolidated Statements of Operations. During the fiscal years ended November 30, 2025, 2024 and 2023, discount fees were $62.7 million, $67.8 million and $51.1 million, respectively.
Inventories
Inventories
Inventories are stated at the lower of cost and net realizable value. Cost is computed based on the weighted-average method. Inventories are comprised of finished goods and work-in-process. Finished goods include products purchased for resale, system components purchased for both resale and for use in the Company’s systems design and integration business and completed systems. Work-in-process inventories are not material to the Consolidated Financial Statements.
Derivatives Financial Instruments
Derivative Financial Instruments
The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value.
For derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the gain or loss on the derivative instrument is reported as a component of “Accumulated other comprehensive income (loss)” in stockholders’ equity and reclassified into earnings in the same line associated with the hedged transactions, in the same period or periods during which the hedged transaction affects earnings. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. The company classifies cash flows related to the settlement of its cash flow hedges as operating activities in the Consolidated Statements of Cash Flows.
For derivative instruments that hedge a portion of the Company's net investment in foreign-currency denominated operations that are designated as net investment hedges, the gain or loss on the derivative instrument is included within the caption "Foreign currency translation adjustments and other" on the Consolidated Statements of Comprehensive Income and is reported as a component of “Accumulated other comprehensive income (loss)” in stockholders’ equity until the sale or substantially complete liquidation of the underlying assets of the Company's investment. The initial fair value of hedge components excluded from the assessment of effectiveness is recognized in the Consolidated Statement of Operations under a systematic and rational method over the life of the hedging instrument. The excluded component is recognized in "Interest expense and finance charges, net" on the Consolidated Statement of Operations. The Company classifies cash flows related to the settlement of its net investment hedges as investing activities in the Consolidated Statements of Cash Flows.
For derivative instruments that are not designated as hedges, gains and losses resulting from changes in fair value on derivative instruments are reported in the Consolidated Statements of Operations in the current period.
Property and equipment
Property and Equipment
Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method based upon the shorter of the estimated useful lives of the assets, or the lease term of the respective assets, if applicable. Maintenance and repairs are charged to expense as incurred, and improvements are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from the accounts and any resulting gain or loss is reflected in operations in the period realized.
The Company’s capitalized software has been obtained or developed for internal use only. Development and acquisition costs are capitalized for computer software only when management authorizes and commits to funding a computer software project through the approval of a capital expenditure requisition, and the software project is either for the development of new software, to increase the life of existing software or to add significantly to the functionality of existing software. Once these requirements have been met, capitalization would begin at the point that conceptual formulation, evaluation, design and testing of possible software project alternatives have been completed. Capitalization ceases when the software project is substantially complete and ready for its intended use.
The ranges of estimated useful lives for property and equipment categories are as follows:
Equipment and Furniture
3 - 10 years
Software
3 - 10 years
Leasehold Improvements
2 - 15 years
Buildings and Building Improvements
10 - 40 years
Business Combinations
Business Combinations
The purchase price is allocated to the assets acquired, liabilities assumed, and noncontrolling interests in the acquired entity generally based on their fair values at the acquisition date. The excess of the fair value of purchase consideration over the fair value of these assets acquired, liabilities assumed and noncontrolling interests in the acquired entity is recorded as goodwill. The primary items that generate goodwill include the value of the synergies between the acquired entity and the Company and the value of the acquired assembled workforce, neither of which qualify for recognition as an intangible asset. Amounts recorded in a business combination may change during the measurement period, which is a period not to exceed one year from the date of acquisition, as additional information about conditions existing at the acquisition date becomes available. The Company includes the results of operations of the acquired business in the Consolidated Financial Statements prospectively from the date of acquisition. Acquisition-related charges are recognized separately from the business combination and are expensed as incurred. These charges primarily include direct third-party professional and legal fees, and integration-related costs.
Goodwill and intangible assets
Goodwill and Intangible Assets
The values assigned to intangible assets include estimates and judgment regarding expectations for the length of customer relationships acquired in a business combination. Included within intangible assets is an indefinite lived trade name intangible asset. The Company's indefinite lived trade name intangible asset is considered a single unit of accounting and is tested for impairment at the consolidated level annually as of September 1, and more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Other purchased intangible assets are amortized over the useful lives based on estimates of the use of the economic benefit of the asset or on the straight-line amortization method.
The Company allocates goodwill to reporting units based on the reporting unit expected to benefit from the business combination and tests for impairment annually as of September 1, or more frequently if events or changes in circumstances indicate that it may be impaired. Goodwill is tested for impairment at the reporting unit level by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. The factors that are considered in the qualitative analysis include macroeconomic conditions, industry and market considerations, cost factors such as increases in product cost, labor, or other costs that would have a negative effect on earnings and cash flows; and other relevant entity-specific events and information. The Company also has the option to bypass the qualitative assessment for any reporting unit in any period.
If the reporting unit does not pass or the Company chooses to bypass the qualitative assessment, then the reporting unit’s carrying value is compared to its fair value. The fair values of the reporting units are estimated using market and discounted cash flow approaches. The assumptions used in the market approach are based on the value of a business through an analysis of sales and other multiples of guideline companies and recent sales or offerings of a comparable entity. The assumptions used in the discounted cash flow approach are based on historical and forecasted revenue, operating costs, working capital requirements, future economic conditions, discount rates and other relevant factors. Goodwill is considered impaired if the carrying value of the reporting unit exceeds its fair value and the excess is recognized as an impairment loss. No goodwill impairment has been identified for any of the years presented.
Finite-lived intangible assets consist primarily of customer relationships, vendor lists and other intangible assets (including acquired technology). Amortization is based on the pattern in which the economic benefits of the intangible assets will be consumed or on a straight-line basis when the consumption pattern is not apparent over the following useful lives:
Customer Relationships
4 - 15 years
Vendor Lists
10 years
Other Intangible Assets
1 - 10 years
Impairment of long-lived assets
Impairment of Long-Lived Assets
The Company reviews the recoverability of its long-lived assets, including finite-lived intangible assets, property and equipment, right-of-use ("ROU") assets and certain other assets, when events or changes in circumstances occur that indicate the carrying value of the asset or asset group may not be recoverable. The assessment of possible impairment is based on the Company’s ability to recover the carrying value of the asset or asset group from the expected future pre-tax cash flows, undiscounted and without interest charges, of the related operations. If these cash flows are less than the carrying value of such assets, an impairment loss is recognized for the difference between estimated fair value and carrying value.
Leases
Leases
The Company enters into leases as a lessee for property and equipment in the ordinary course of business. When procuring goods or services, or upon entering into a contract with its customers, the Company determines whether an arrangement contains a lease at its inception. As part of that evaluation, the Company considers whether there is an implicitly or explicitly identified asset in the arrangement and whether the Company, as the lessee, or the customer, if the Company is the lessor, has the right to control the use of that asset. When the Company is the lessee, all leases with a term of more than 12 months are recognized as ROU assets and associated lease liabilities in the Consolidated Balance Sheets. Lease liabilities are recorded at the lease commencement date and determined using the present value of the lease payments not yet paid, at the Company’s incremental borrowing rate, which approximates the rate at which the Company would borrow on a secured basis in the country where the lease was executed. The interest rate implicit in the lease is generally not determinable in transactions where the Company is the lessee. The ROU asset equals the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives. The Company’s variable lease payments generally relate to payments tied to various indexes, non-lease components and payments above a contractual minimum fixed amount.
Operating leases are included in other assets, net, other accrued liabilities and other long-term liabilities in the Consolidated Balance Sheets. Substantially all of the Company's leases are classified as operating leases and the Company’s finance leases are not material. The lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company made a policy election to not recognize leases with a lease term of 12 months or less in the Consolidated Balance Sheets. Lease expenses are recorded within "Selling, general and administrative expenses" and "Cost of revenue" in the Consolidated Statements of Operations. Operating lease payments are presented within “Cash flows from operating activities” in the Consolidated Statements of Cash Flows.
Concentration of credit risk
Concentration of Credit Risk
Financial instruments that potentially subject the Company to significant concentration of credit risk consist principally of cash and cash equivalents, accounts receivable, receivables from vendors and derivative instruments.
The Company’s cash and cash equivalents and derivative instruments are transacted and maintained with financial institutions with high credit standing, and their compositions and maturities are regularly monitored by management. Through November 30, 2025, the Company has not experienced any material credit losses on such deposits and derivative instruments.
Accounts receivable include amounts due from customers. Receivables from vendors, net, includes amounts due from OEM vendors primarily in the technology industry. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and aging of its receivable portfolio, the existence of credit insurance and specifically identified customer and vendor risks.
The following table provides revenue generated from products purchased from vendors that exceeded 10% of our consolidated revenue for the periods indicated (as a percent of consolidated revenue):
Twelve Months Ended
November 30, 2025November 30, 2024November 30, 2023
Apple, Inc.12 %12 %11 %
HP Inc.10 %
N/A (1)
N/A (1)
__________________
(1) Revenue generated from products purchased from this vendor was less than 10% of consolidated revenue during the period presented.
One customer accounted for 11%, 12% and 11% of the Company’s total revenue in fiscal years 2025, 2024 and 2023, respectively. As of November 30, 2025 and 2024, no single customer comprised more than 10% of the consolidated accounts receivable balance.
Book overdrafts
Book Overdrafts
Book overdrafts, representing checks issued in excess of balances on deposit in the applicable bank accounts and which have not been paid by the applicable bank at the balance sheet date are classified as “Borrowings, current” in the Company’s Consolidated Balance Sheets. Under the terms of the Company’s banking arrangements, the respective financial institutions are not legally obligated to honor the book overdraft balances. The Company’s policy is to report the change in book overdrafts as a financing activity in the Consolidated Statements of Cash Flows.
Revenue recognition
Revenue Recognition
The Company generates revenue primarily from the sale of various IT products.
The Company recognizes revenues from the sale of IT hardware and software as control is transferred to customers, which is at the point in time when the product is shipped or delivered. The Company accounts for a contract with a customer when it has written approval, the contract is committed, the rights of the parties, including payment terms, are identified, the contract has commercial substance and consideration is probable of collection. Binding purchase orders from customers together with agreement to the Company's terms and conditions of sale by way of an executed agreement or other signed documents are considered to be the contract with a customer. Products sold by the Company are delivered via shipment from the Company’s facilities, drop-shipment directly from the vendor, or by electronic delivery of software products. In situations where arrangements include customer acceptance provisions, revenue is recognized when the Company can objectively verify the products comply with specifications underlying acceptance and the customer has control of the products. Revenue is presented net of taxes collected from customers and remitted to government authorities. The Company generally invoices a customer upon shipment, or in accordance with specific contractual provisions. Payments are due as per contract terms and do not contain a significant financing component. In relation to product support, supply chain management and other services performed by the Company, revenue is recognized over time as the services are performed.
Provisions for sales returns and allowances are estimated based on historical data and are recorded concurrently with the recognition of revenue. A liability is recorded at the time of sale for estimated product returns based upon historical experience and an asset is recognized for the amount expected to be recorded in inventory upon product return. These provisions are reviewed and adjusted periodically by the Company. Revenue is reduced for early payment discounts and volume incentive rebates offered to customers, which are considered variable consideration, at the time of sale based on an evaluation of the contract terms and historical experience.
The Company recognizes revenue on a net basis on certain contracts, where the Company’s performance obligation is to arrange for the products or services to be provided by another party or the rendering of logistics services for the delivery of inventory for which the Company does not assume the risks and rewards of ownership, by recognizing the margins earned in revenue with no associated cost of revenue. Such arrangements include supplier service contracts, post-contract software support services, cloud computing and software as a service arrangements, certain fulfillment contracts, extended warranty contracts and certain of the Company's systems design and integration solutions arrangements which operate under a customer-owned procurement model.
The Company considers shipping and handling activities as costs to fulfill the sale of products. Shipping revenue is included in revenue when control of the product is transferred to the customer, and the related shipping and handling costs are included in cost of revenue.
The Company disaggregates its revenue by geography, which the Company believes provides a meaningful depiction of the nature of its revenue. Disaggregated revenue disclosure is presented in Note 12 – Segment Information.
Cost of revenue
Cost of Revenue
Cost of revenue includes the product price paid to OEM suppliers, net of any incentives, rebates, price protection and purchase discounts received from the OEM suppliers. Cost of revenue also consists of provisions for inventory losses and write-downs, shipping and handling costs and royalties due to OEM vendors. In addition, cost of revenue includes the cost of materials, labor and overhead and warranty for design and integration activities.
Selling, General and Administrative expenses
Selling, General and Administrative Expenses
Selling, general and administrative expenses are charged to income as incurred. Expenses of promoting and selling products and services are classified as selling expense and include such items as compensation, sales commissions and travel. General and administrative expenses include such items as compensation, cost of warehouse, delivery centers and other non-integration facilities, IT expenses, legal and professional costs, and non-income taxes. In addition, selling, general and administrative expenses include other operating items such as allowances for credit losses, depreciation and amortization of intangible assets.
OEM supplier programs
OEM Supplier Programs
Funds received from OEM suppliers for volume promotion programs, price protection and product rebates are recorded as adjustments to cost of revenue and/or the carrying value of inventories, as appropriate. Where there is a binding agreement, the Company tracks vendor promotional programs for volume discounts on a program-by-program basis and records them as a reduction to cost of revenue based on a systematic and rational allocation. The Company monitors the balances of vendor receivables on a quarterly basis and adjusts the balances due for differences between expected and actual sales volume. Vendor receivables are generally collected through reductions authorized by the vendor to accounts payable. Funds received for specific marketing and infrastructure reimbursements, net of related costs, are recorded as adjustments to “Selling, general and administrative expenses,” and any excess reimbursement amount is recorded as an adjustment to cost of revenue.
Royalties
Royalties
The Company’s software product purchases include products licensed from OEM vendors, which are subsequently distributed to resellers. Royalties to OEM vendors are accrued and recorded in cost of revenue when software products are shipped and revenue is recognized.
Warranties
Warranties
The Company’s OEM suppliers generally warrant the products distributed by the Company and allow returns of defective products. The Company generally does not independently warrant the products it distributes; however, the Company does warrant the following: (1) products that it builds to order from components purchased from other sources, (2) services with regard to products integrated for its customers; and (3) products sold in countries where the Company is responsible for defective product as a matter of law. The time period required by law in certain countries exceeds the warranty period provided by the manufacturer. The Company is obligated to provide warranty protection for sales of certain IT products within the European Union (“EU”) for up to two years as required under the EU directive where vendors have not affirmatively agreed to provide pass-through protection. Warranty expense and the accrual for warranty costs were not material to the Company’s Consolidated Financial Statements for any of the periods presented.
Advertising
Advertising
Costs related to advertising and product promotion expenditures are charged to “Selling, general and administrative expenses” as incurred and are primarily offset by OEM marketing reimbursements. Net costs related to advertising and promotion expenditures were not material to the Company’s Consolidated Financial Statements for any of the periods presented.
Income taxes
Income Taxes
The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements using enacted tax rates and laws that will be in effect when the difference is expected to reverse. Tax on global low-taxed intangible income is accounted for as a current expense in the period in which the income is included in a tax return using the “period cost” method. Valuation allowances are provided against deferred tax assets that are not likely to be realized.
The Company recognizes tax benefits from uncertain tax positions only if that tax position is more likely than not to be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. The Company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes.
Foreign currency translations
Foreign Currency Translations
The financial statements of the Company’s international subsidiaries whose functional currencies are the local currencies are translated into U.S. dollars for consolidation as follows: assets and liabilities at the exchange rate as of the balance sheet date, stockholders’ equity at the historical rates of exchange, and income and expense amounts at the average exchange rate for the month. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in “Accumulated other comprehensive income (loss)” in stockholders’ equity. Transactions denominated in currencies other than the applicable functional currency are converted to the functional currency at the exchange rate on the transaction date. At period end, monetary assets and liabilities are remeasured to the functional currency using exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are remeasured at historical exchange rates. Gains and losses resulting from foreign currency transactions are included in earnings within “Cost of revenue” and “Other expense, net.”
Comprehensive income
Comprehensive Income
Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. The primary components of comprehensive income for the Company include net income, foreign currency translation adjustments arising from the consolidation of the Company’s international subsidiaries and unrealized gains and losses on cash flow hedges.
Share-based compensation
Share-based Compensation
The Company accounts for share-based payment transactions in which the Company receives services in exchange for equity instruments of the Company. Share-based compensation cost for stock options, restricted stock awards and units, performance-based restricted stock units and employee stock purchase plans is determined based on the fair value at the grant date. The Company recognizes share-based compensation cost as expense for awards other than its performance-based restricted stock units ratably on a straight-line basis over the requisite service period. The Company recognizes share-based compensation cost associated with its performance-based restricted stock units over the requisite service period if it is probable that the performance conditions will be satisfied. The Company accounts for expense reductions that result from the forfeiture of unvested awards in the period that the forfeitures occur.
Earnings per common share
Earnings Per Common Share
Earnings per share is calculated using the two-class method. The two-class method is an earnings allocation proportional to the respective ownership among holders of common stock and participating securities. Basic earnings per common share is computed by dividing net income attributable to the Company’s common stockholders by the weighted-average of common shares outstanding during the period. Diluted earnings per common share also considers the dilutive effect of in-the-money stock options and restricted stock units, calculated using the treasury stock method.
Treasury Stock
Treasury Stock
Repurchases of shares of common stock are accounted for at cost, which includes brokerage fees and excise taxes, and are included as a component of stockholders’ equity in the Consolidated Balance Sheets. Shares repurchased by the Company are held in treasury for general corporate purposes, including issuances under stock incentive plans. The reissuance of shares from treasury stock is based on the weighted average purchase price of the shares.
Reclassifications
Reclassifications
Certain reclassifications have been made to prior period amounts in the Consolidated Financial Statements to conform to the current period presentation. These reclassifications did not have a material impact on previously reported amounts.
Recently adopted and issued accounting pronouncements
Recently Adopted Accounting Pronouncements
In November 2023, the FASB issued an accounting standards update, ASU 2023-07, which requires the following enhanced segment disclosures on an annual and interim basis: (1) significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, (2) other segment items by reportable segment and a description of its composition, and (3) the title of the chief operating decision maker, an explanation of how they use the reported measures of segment profit/loss in assessing segment performance and decide how to allocate resources, as well as clarifications if they use more than one measure of a segment’s profit or loss in assessing segment performance. The amendments in ASU 2023-07 are effective for annual periods beginning after December 15, 2023 and for subsequent interim periods. The Company adopted this standard retrospectively during the fiscal year ending November 30, 2025 which resulted in incremental disclosures presented within Note 12 - Segment Information.
Recently Issued Accounting Pronouncements
In December 2023, the FASB issued an accounting standards update, ASU 2023-09, which requires enhanced income tax disclosures. The enhanced disclosures required include disclosure of specific categories and disaggregation of information in the rate reconciliation table. ASU 2023-09 also requires disclosure of disaggregated information related to income taxes paid, income or loss from continuing operations before income tax expense or benefit, and income tax expense or benefit from continuing operations. The amendments in ASU 2023-09 are effective for annual periods beginning after December 15, 2024, which for the Company would be the fiscal year ending November 30, 2026. Early adoption is permitted and the amendments should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating the impact the new accounting standard will have on its income tax disclosures in the notes to the consolidated financial statements.
In November 2024, the FASB issued an accounting standards update, ASU 2024-03, which requires new tabular disclosures in the notes to consolidated financial statements, disaggregating certain cost and expense categories within relevant captions on the Consolidated Statements of Operations. The prescribed cost and expense categories requiring disaggregated disclosures include purchases of inventory, employee compensation, depreciation and intangible asset amortization, along with certain other expense disclosures already required by U.S. GAAP that would need to be integrated within the new tabular disaggregated expense disclosures. Additionally, the amendments also require the disclosure of total selling expenses and an entity's definition of those expenses. The amendments in ASU 2024-03 are effective for annual periods beginning after December 15, 2026, which for the Company would be the fiscal year ending November 30, 2028, and for subsequent interim periods. Early adoption is permitted and the amendments should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating the impact the new accounting standard will have on its expense disclosures in the notes to the consolidated financial statements.
In July 2025, the FASB issued an accounting standards update, ASU 2025-05, which creates a new optional practical expedient related to the estimation of future expected credit losses on accounts receivable. If elected, this expedient removes the requirement, when estimating expected credit losses, to consider changes in forecasted macroeconomic conditions, such as changes in unemployment rates or gross domestic product growth. Instead, companies electing the expedient may assume that current conditions as of the balance sheet date will not change for the remaining life of the asset. The amendments in ASU 2025-05 are effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods, which for the Company would be the fiscal first quarter ending February 28, 2027. Early adoption is permitted and the amendments should be applied on a prospective basis. The Company is currently evaluating the impact the new accounting standard could have on its estimates for future expected credit losses if the Company chooses to elect the optional practical expedient.
In September 2025, the FASB issued an accounting standards update, ASU 2025-06, which amends guidance related to the accounting for internal-use software development costs. The amendments are intended to modernize the recognition and capitalization framework to reflect current software development practices, including iterative and agile methodologies, by removing references to "development stages". It also clarifies the criteria for capitalization, which begins when both of the following occur: (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended. The amendments in ASU 2025-06 are effective for annual periods beginning after December 15, 2027, and interim periods within those annual periods, which for the Company would be the fiscal first quarter ending February 28, 2029. Early adoption is permitted as of the beginning of an annual reporting period. ASU 2025-06 allows companies to elect one of the following adoption methods to apply its amendments: a prospective transition approach, a retrospective transition approach, or a modified transition approach that is based on the status of the project and whether software costs were capitalized before the date of adoption. The Company is currently evaluating the impact the new accounting standard will have on its policy for capitalization of development costs for software intended for internal use.
In November 2025, the FASB issued an accounting standards update, ASU 2025-09, which makes certain targeted improvements to simplify the application of the hedge accounting guidance and to address several incremental hedge accounting issues arising from the global reference rate reform initiative. Among other amendments, these improvements include expanding the hedged risks permitted to be aggregated in a group of individual forecasted transactions in a cash flow hedge and clarifying the circumstance under which a group of individual forecasted transactions can be considered to have a similar risk exposure. The amendments in ASU 2025-09 are effective for annual periods beginning after December 15, 2026, and interim periods within those annual reporting periods, which for the Company would be the fiscal first quarter ending February 29, 2028. Early adoption is permitted and the amendments should be applied on a prospective basis for all hedging relationships. The Company is currently evaluating the impact the new accounting standard could have on its hedge accounting policies.
v3.25.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Nov. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Ranges of Estimated Useful Lives For Property and Equipment
The ranges of estimated useful lives for property and equipment categories are as follows:
Equipment and Furniture
3 - 10 years
Software
3 - 10 years
Leasehold Improvements
2 - 15 years
Buildings and Building Improvements
10 - 40 years
Schedule of Finite-Lived Intangible Asset, Useful Life Amortization is based on the pattern in which the economic benefits of the intangible assets will be consumed or on a straight-line basis when the consumption pattern is not apparent over the following useful lives:
Customer Relationships
4 - 15 years
Vendor Lists
10 years
Other Intangible Assets
1 - 10 years
v3.25.4
Acquisition, Integration and Restructuring Expenses Costs (Tables)
 12 Months Ended
Nov. 30, 2025
Restructuring and Related Activities [Abstract]  
Summary of Acquisition and Integration Expenses
Acquisition and integration expenses related to the Merger were composed of the following during the periods presented:
Fiscal Years Ended November 30,
20242023
(currency in thousands)
Professional services costs$16,456 $20,775 
Personnel and other costs15,279 46,464 
Long-lived assets charges and termination fees22,533 41,812 
Stock-based compensation— 35,709 
Voluntary severance program costs10,113 52,091 
Total$64,381 $196,851 
v3.25.4
Share-Based Compensation (Tables)
 12 Months Ended
Nov. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
A summary of share-based compensation expense in the Consolidated Statements of Operations for TD SYNNEX stock incentive plans is presented below:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Selling, general and administrative expenses$66,428 $69,201 $49,273 
Acquisition, integration and restructuring costs
— — 6,526 
Total share-based compensation expense$66,428 $69,201 $55,799 
Summary of Changes in Company Stock Option Activity
A summary of the changes in the Company’s stock options is set forth below:
Options Outstanding
(shares in thousands, except per share amounts)
Number of
shares		Weighted-
average exercise
price per share
Balances, November 30, 2024482$78.52 
Options exercised(249)78.74 
Options cancelled
(2)107.32 
Balances, November 30, 2025231$78.03 
Schedule of Assumptions Used in Black-Scholes Valuation Model
Schedule of Cash Received from Exercise of Options and intrinsic Values of Options Exercised
The intrinsic values of stock options exercised and the cash received from the exercise of stock options during fiscal years 2025, 2024 and 2023 were as follows:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Intrinsic value of options exercised$16,232 $6,004 $3,570 
Cash received from exercise of options$19,593 $6,681 $4,448 
Summary Changes in Non-vested Restricted Stock Awards and Stock Units
A summary of the changes in the Company’s non-vested RSAs and RSUs during fiscal year 2025 is presented below:
(shares in thousands, except per share amounts)
Number of
shares		Weighted-average,
grant-date
fair value per share
Non-vested as of November 30, 20241,252$106.70 
Granted
594148.76 
Vested
(646)103.96 
Attainment adjustments(1)
(12)112.16 
Cancelled
(79)109.38 
Non-vested as of November 30, 20251,109$130.58 
__________________
(1) During the year ended November 30, 2025, the attainment on PRSUs vested was adjusted to reflect actual performance.
v3.25.4
Stockholders' Equity (Tables)
 12 Months Ended
Nov. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Repurchase Agreements
The Company's treasury stock activity during the year ended November 30, 2025, including common share repurchases, is summarized as follows:
(shares in thousands, except per share amounts)
SharesWeighted-average price per share
Treasury stock balance as of November 30, 2024
15,289 $98.96 
Shares of common stock repurchased under share repurchase program (1)
4,448 134.03 
Shares of common stock repurchased for tax withholdings on equity awards
213 145.71 
Shares of treasury stock reissued for employee benefit plans(1,038)102.61 
Treasury stock balance as of November 30, 2025
18,912 $107.79 
__________________
(1) Weighted-average price per share excludes broker's commissions and excise taxes. "Repurchases of common stock" in the Consolidated Statements of Cash Flows for the twelve months ended November 30, 2025, 2024 and 2023 excludes amounts related to excise tax that when accrued are recorded in "Other current liabilities" and "Treasury stock" on the Consolidated Balance Sheets. Excise taxes paid are classified as operating activities in the Consolidated Statements of Cash Flows.
v3.25.4
Earnings Per Common Share (Tables)
 12 Months Ended
Nov. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:
Fiscal Years Ended November 30,
202520242023
(currency and share amounts in thousands, except per share amounts)
Basic earnings per common share:
     Net income attributable to common stockholders(1)
$820,165 $682,987 $622,045 
Weighted-average number of common shares - basic82,104 85,494 92,572 
Basic earnings per common share$9.99 $7.99 $6.72 
Diluted earnings per common share:
     Net income attributable to common stockholders(1)
$820,189 $683,009 $622,056 
Weighted-average number of common shares - basic82,104 85,494 92,572 
Effect of dilutive securities:
Stock options and RSUs326 380 281 
Weighted-average number of common shares - diluted82,430 85,874 92,853 
Diluted earnings per common share$9.95 $7.95 $6.70 
Anti-dilutive shares excluded from diluted earnings per share calculation17123287
__________________
(1) RSAs granted by the Company are considered participating securities. Income available to participating securities was immaterial in all periods presented.
v3.25.4
Balance Sheet Components (Tables)
 12 Months Ended
Nov. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounts receivable, net
Accounts receivable, net:
The following table summarizes accounts receivable, net:
As of November 30,
20252024
(currency in thousands)
Accounts receivable$11,813,741 $10,443,290 
Less: Allowance for doubtful accounts(106,160)(101,665)
Accounts receivable, net$11,707,581 $10,341,625 
Allowance for doubtful trade receivables and receivables from vendors
Allowance for doubtful trade receivables:
The following table summarizes the changes to the allowance for doubtful trade receivables (currency in thousands):
Balance as of November 30, 2022$129,742 
Additions44,742 
Write-offs, recoveries, reclassifications and foreign exchange translation(23,731)
Balance as of November 30, 2023150,753 
Additions862 
Write-offs, recoveries, reclassifications and foreign exchange translation(49,950)
Balance as of November 30, 2024101,665 
Additions35,071 
Write-offs, recoveries, reclassifications and foreign exchange translation(30,576)
Balance as of November 30, 2025$106,160 
Property and equipment, net
Property and equipment, net:
The following table summarizes property and equipment, net:
As of November 30,
20252024
(currency in thousands)
Land$28,279 $27,384 
Equipment, computers and software605,019 484,524 
Furniture and fixtures72,246 64,103 
Buildings, building improvements and leasehold improvements266,286 240,572 
Total property and equipment, gross$971,830 $816,583 
Total accumulated depreciation(475,539)(359,559)
Property and equipment, net$496,291 $457,024 
Goodwill
Goodwill:
The following table summarizes changes in the carrying amount of goodwill:
Fiscal Year Ended November 30, 2025
Americas Europe APJTotal
(currency in thousands)
Balance, beginning of year$2,493,769 $1,322,553 $78,755 $3,895,077 
Additions from acquisitions94,268 1,748 4,468 100,484 
Foreign exchange translation(2,903)107,438 (799)103,736 
Balance, end of year$2,585,134 $1,431,739 $82,424 $4,099,297 
Intangible assets, net
Intangible assets, net:
The following table summarizes intangible assets, net:
As of November 30, 2025As of November 30, 2024
Gross
Amounts		Accumulated
Amortization		Net
Amounts		Gross
Amounts		Accumulated
Amortization		Net
Amounts
(currency in thousands)
Intangible assets with indefinite lives:
Trade name$1,057,783 $— $1,057,783 $1,018,208 $— $1,018,208 
Intangible assets with finite lives:      
Customer relationships$3,999,465 $(1,320,252)$2,679,213 $3,858,727 $(1,001,886)$2,856,841 
Vendor lists176,868 (157,559)19,309 175,865 (144,692)31,173 
Other intangible assets45,258 (26,611)18,647 28,100 (22,055)6,045 
$5,279,374 $(1,504,422)$3,774,952 $5,080,900 $(1,168,633)$3,912,267 
Estimated future amortization expense
Estimated future amortization expense of the Company’s intangible assets is as follows:
Fiscal years ending November 30,
(currency in thousands)
2026$300,366 
2027297,475 
2028279,435 
2029274,968 
2030272,503 
Thereafter1,292,422 
Total$2,717,169 
Accumulated other comprehensive income (loss)
The following table summarizes the components of accumulated other comprehensive income (loss) ("AOCI"), net of taxes:
(currency in thousands)Unrealized (losses) gains
on
cash flow hedges, net of
taxes		Foreign currency
translation
adjustment and other,
net of taxes		Total
Balance, beginning of year$(110)$(645,007)$(645,117)
Other comprehensive (loss) income before reclassification(1,533)261,305 259,772 
Reclassification of losses from other comprehensive loss1,270 4,642 5,912 
Balance, end of year$(373)$(379,060)$(379,433)
v3.25.4
Derivative Instruments (Tables)
 12 Months Ended
Nov. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Values of Derivative Instruments
The fair values of the Company’s derivative instruments are disclosed in Note 9 - Fair Value Measurements and summarized in the table below:
Value as of
Balance Sheet Line Item (currency in thousands)
November 30,
2025		November 30,
2024
Derivative instruments not designated as hedging instruments:
Forward foreign currency exchange contracts (notional value)$2,697,479 $1,962,852 
Other current assets7,386 11,863 
Other accrued liabilities7,026 8,096 
Derivative instruments designated as cash flow hedges:
Forward foreign currency exchange contracts (notional value)(1)
$120,073 $— 
Other current assets96 — 
Other accrued liabilities107 — 
Derivative instruments designated as net investment hedges:
Forward foreign currency exchange contracts (notional value)$673,644 $687,475 
Other current assets— 220 
Other long-term assets— 2,320 
Other accrued liabilities27,462 91 
Other long-term liabilities14,822 7,889 
Foreign currency exchange collar contracts (notional value)$300,000 $300,000 
Other long-term assets— 1,792 
Other long-term liabilities3,500 — 
____________________________
(1) The Company had no material cash flow hedges outstanding as of November 30, 2024.
Effect of Derivative Instruments on AOCI and Consolidated Statements of Earnings
The Effect of Derivative Instruments on AOCI and the Consolidated Statements of Operations
The following table shows the gains and losses, before taxes, of the Company's derivative instruments designated as cash flow hedges and net investment hedges in Other Comprehensive Income (“OCI”), and not designated as hedging instruments in the Consolidated Statements of Operations for the periods presented:
Location of Gains (losses)
in Income		For the fiscal years ended November 30,
202520242023
(currency in thousands)
Derivative instruments not designated as hedging instruments:
(Losses) gains recognized from foreign exchange forward contracts, net(1)
Cost of revenue$(42,864)$36,971 $(43,338)
Losses recognized from foreign exchange forward contracts, net(1)
Other expense, net(2,480)(4,091)(6,212)
Total$(45,344)$32,880 $(49,550)
Derivative instruments designated as net investment hedges:
(Losses) gains recognized in OCI on foreign currency forward contracts$(47,315)$5,579 $(29,405)
Gains recognized in income (amount excluded from effectiveness testing)Interest expense and finance charges, net$10,122 $10,323 $9,149 
(Losses) gains recognized in OCI on foreign exchange collar contracts(2)
$(5,292)$1,791 $— 
Derivative instruments designated as cash flow hedges(3):
Losses recognized in OCI on forward foreign currency exchange contracts$(1,728)$— $— 
Losses on forward foreign currency exchange contracts reclassified from AOCI into incomeRevenue$(775)$— $— 
Losses on forward foreign currency exchange contracts reclassified from AOCI into income
Cost of revenue$(257)$— $— 
Losses on forward foreign currency exchange contracts reclassified from AOCI into incomeSelling, general and administrative expenses$(424)$— $— 
Gains recognized in OCI on interest rate swaps$— $— $937 
Gains on interest rate swaps reclassified from AOCI into incomeInterest expense and finance charges, net$— $— $9,494 
__________________
(1) The gains and losses largely offset the currency gains and losses that resulted from changes in the assets and liabilities denominated in nonfunctional currencies.
(2) The Company had no foreign exchange collar contracts outstanding during the fiscal year ended November 30, 2023.
(3) The Company had no material cash flow hedges outstanding during the fiscal year ended November 30, 2024.
v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Nov. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Valuation of Investments and Financial Instruments Measured at Fair Value on Recurring Basis
The following table summarizes the valuation of the Company’s financial instruments that are measured at fair value on a recurring basis:
As of November 30, 2025As of November 30, 2024
Fair value measurement categoryFair value measurement category
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
(currency in thousands)
Assets:
Forward foreign currency exchange contracts not designated as hedges$7,386 — $7,386 — $11,863 — $11,863 — 
Forward foreign currency exchange contracts designated as net investment hedges— — — — 2,540 — 2,540 — 
Foreign exchange collar contracts designated as net investment hedges— — — — 1,792 — 1,792 — 
Forward foreign currency exchange contracts designated as cash flow hedges(1)
96 — 96 — — — — — 
Liabilities:
Forward foreign currency exchange contracts not designated as hedges$7,026 — $7,026 — $8,096 $— $8,096 $— 
Forward foreign currency exchange contracts designated as net investment hedges42,285 — 42,285 — 7,980 — 7,980 — 
Foreign exchange collar contracts designated as net investment hedges3,500 — 3,500 — — — — — 
Forward foreign currency exchange contracts designated as cash flow hedges(1)
107 — 107 — — — — — 
__________________
(1) The Company had no material cash flow hedges outstanding as of November 30, 2024.
v3.25.4
Borrowings (Tables)
 12 Months Ended
Nov. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings
Borrowings consist of the following:
As of November 30,
20252024
(currency in thousands)
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2)
$700,000 $— 
Other short-term borrowings319,260 171,092 
Short-term borrowings before debt discount and issuance costs$1,019,260 $171,092 
Less: current portion of unamortized debt discount and issuance costs
(939)— 
Borrowings, current$1,018,321 $171,092 
TD SYNNEX 1.750% Senior Notes due August 9, 2026 (1) (2)
$— $700,000 
TD SYNNEX 2.375% Senior Notes due August 9, 2028 (1) (2)
600,000 600,000 
TD SYNNEX 4.300% Senior Notes due January 17, 2029 (2)
550,000 — 
TD SYNNEX 2.650% Senior Notes due August 9, 2031 (1) (2)
500,000 500,000 
TD SYNNEX 6.100% Senior Notes due April 12, 2034 (2)
600,000 600,000 
TD SYNNEX 5.300% Senior Notes due October 10, 2035 (2)
600,000 — 
Total TD SYNNEX Senior Notes in long-term debt
$2,850,000 $2,400,000 
TD SYNNEX Term Loan— 581,250 
2024 Term Loan
750,000 750,000 
Total term loans
$750,000 $1,331,250 
Other credit agreements and long-term debt14,562 24,956 
Long-term borrowings, before unamortized debt discount and issuance costs$3,614,562 $3,756,206 
Less: unamortized debt discount and issuance costs(22,432)(19,807)
Long-term borrowings$3,592,130 $3,736,399 
__________________
(1) The interest rate payable on each of these series of Senior Notes is subject to adjustment from time to time if the credit rating assigned to such series of Senior Notes is downgraded (or downgraded and subsequently upgraded).
(2) The Company pays interest semi-annually on each of these series of Senior Notes.
Schedule of Line of Credit Facilities Under the terms of the U.S. AR Arrangement, as amended, the Company and its subsidiaries that are party to the U.S. AR Arrangement can borrow based on the key terms in the table below (currency in thousands):
Maximum Borrowing Capacity (1)
Maturity Date
Effective Borrowing Cost(2)
Program Fee Payable(3)
Facility Fee Payable(4)
$1,500,000January 20, 2028
Blended rate
0.85%
0.30% - 0.40%
__________________
(1) Based on eligible trade accounts receivable.
(2) Based upon the composition of the lenders, that includes prevailing dealer commercial paper rates and a rate based upon SOFR.
(3) Payable on the used portion of the lenders’ commitment; accrues per annum.
(4) Payable on the adjusted commitment of the lenders, accrues at different tiers per annum depending on the amount of outstanding advances from time to time.
Borrowings under the TD SYNNEX Revolving Credit Facility bear interest at a per annum rate equal to the applicable SOFR rate, plus a credit spread adjustment, plus the applicable margin, as well as a commitment fee as referenced in the table below:
Maturity DateCredit Spread Adjustment
Margin(2)
Commitment Fee(3)
April 16, 2029(1)
0.10%
1.000%-1.750%
0.100%-0.300%
__________________
(1) As amended, the TD SYNNEX Revolving Credit Facility will mature on April 16, 2029, subject, in the lender's discretion to two one-year extensions upon the Company's prior notice to lenders.
(2) The margin is based on the Company’s Public Debt Rating (as defined in the TD SYNNEX Credit Agreement). The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.
(3) The commitment fee range is applied to any unused commitment under the TD SYNNEX Revolving Credit Facility based on the Company’s Public Debt Rating.
Loans borrowed under the TD SYNNEX Credit Agreement bore interest at a per annum rate equal to the applicable SOFR rate, plus a credit spread adjustment, plus the applicable margin as referenced in the table below:
Maturity DateCredit Spread Adjustment
Margin(2)
Effective Interest Rate as of November 30, 2024
September 1, 2026(1)
0.10%
1.125%-1.750%
6.05%
__________________
(1) The originally scheduled maturity of the TD SYNNEX Term Loan was on the fifth anniversary of the September 1, 2021 closing date. As stated above, the Company repaid the remaining principal in full in October 2025.
(2) The margin is based on the Company’s Public Debt Rating. The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.
Key terms for the 2024 Term Loan Credit Agreement are as follows:
Maturity DateCredit Spread AdjustmentMargin
Effective Interest Rate as of November 30, 2025
Effective Interest Rate as of November 30, 2024
September 1, 20270.10%
1.000% - 1.625%
5.27%6.04%
TD SYNNEX Senior Notes
Par Call Dates and the spread to the applicable treasury rate for the respective outstanding Senior Notes are as follows:
Senior NotesPar Call DateSpread (in basis points)
Senior Notes due 2026July 9, 202620
Senior Notes due 2028June 9, 202825
Senior Notes due 2029
December 17, 2028
15
Senior Notes due 2031May 9, 203125
Senior Notes due 2034January 12, 203430
Senior Notes due 2035
July 10, 2035
20
Schedule of Future Principal Payments
As of November 30, 2025, future principal payments under the above loans are as follows:
Fiscal Years Ending November 30,
(currency in thousands)
2026$1,019,260 
2027764,562 
2028600,000 
2029550,000 
2030— 
Thereafter1,700,000 
Total$4,633,822 
v3.25.4
Payables and Accruals (Tables)
 12 Months Ended
Nov. 30, 2025
Payables and Accruals [Abstract]  
Supplier Finance Program
The following table is a rollforward of the Company's outstanding obligations under Supplier Finance Programs (currency in thousands):
Obligations outstanding as of November 30, 2024
$3,173,906 
Invoices confirmed during the period
13,772,414 
Confirmed invoices paid during the period
(13,423,916)
Foreign currency exchange translation
190,808 
Obligations outstanding as of November 30, 2025
$3,713,212 
v3.25.4
Segment Information (Tables)
 12 Months Ended
Nov. 30, 2025
Segment Reporting [Abstract]  
Summary of Financial Information Related to Company's Reportable Business Segments
Financial information related to the Company’s reportable segments for the periods presented is shown below:
AmericasEurope
APJ
Consolidated
Fiscal year ended November 30, 2025
(currency in thousands)
Revenue$36,176,520 $21,694,750 $4,636,816 $62,508,086 
Less(1):
Cost of revenue
(33,569,644)(20,257,031)(4,312,429)(58,139,104)
Gross profit$2,606,876 $1,437,719 $324,387 $4,368,982 
Less(1):
Payroll and payroll related expenses(2)
$(988,291)$(705,725)$(139,398)$(1,833,414)
Depreciation(3)
(60,417)(34,478)(5,412)(100,307)
Amortization of intangibles
(164,167)(128,754)(3,337)(296,258)
Acquisition, integration and restructuring costs
(4,322)(2,112)(746)(7,180)
Share-based compensation expense
(43,445)(19,056)(3,927)(66,428)
Other segment items(4)
(340,840)(247,779)(61,857)(650,476)
Operating income$1,005,394 $299,815 $109,710 $1,414,919 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(356,608)
Other expense, net(1,057)
Income before income taxes
$1,057,254 
Other segment disclosures
Purchases of property and equipment(5)
$(76,422)$(24,647)$(9,061)$(110,130)
Total assets$18,426,557 $13,196,300 $2,628,041 $34,250,898 
AmericasEurope
APJ
Consolidated
Fiscal year ended November 30, 2024
(currency in thousands)
Revenue$34,791,848 $19,634,156 $4,026,432 $58,452,436 
Less(1):
Cost of revenue(1)
(32,428,806)(18,318,369)(3,723,955)(54,471,130)
Gross profit$2,363,042 $1,315,787 $302,477 $3,981,306 
Less(1):
Payroll and payroll related expenses(2)
$(921,300)$(632,823)$(121,700)$(1,675,823)
Depreciation(3)
(57,242)(33,252)(5,376)(95,870)
Amortization of intangibles(165,860)(123,567)(2,877)(292,304)
Acquisition, integration and restructuring costs(53,245)(16,831)(1,238)(71,314)
Share-based compensation expense(45,107)(20,318)(3,776)(69,201)
Other segment items(4)
(302,740)(225,083)(54,760)(582,583)
Operating income$817,548 $263,913 $112,750 $1,194,211 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(319,458)
Other expense, net(8,718)
Income before income taxes$866,035 
Other segment disclosures
Purchases of property and equipment(5)
$(99,238)$(20,832)$(5,005)$(125,075)
Total assets$16,842,254 $11,259,735 $2,172,490 $30,274,479 
AmericasEurope
APJ
Consolidated
Fiscal year ended November 30, 2023
(currency in thousands)
Revenue$34,573,859 $19,422,297 $3,559,260 $57,555,416 
Less(1):
Cost of revenue(1)
(32,186,592)(18,133,330)(3,278,665)(53,598,587)
Gross profit2,387,267 1,288,967 280,595 3,956,829 
Less(1):
Payroll and payroll related expenses(2)
$(909,285)$(624,043)$(111,939)$(1,645,267)
Depreciation(3)
(63,069)(29,354)(5,038)(97,461)
Amortization of intangibles(169,569)(121,680)(2,488)(293,737)
Acquisition, integration and restructuring costs(165,845)(37,091)(3,299)(206,235)
Share-based compensation expense(6)
(35,955)(11,255)(2,063)(49,273)
Other segment items(4)
(306,939)(229,067)(50,818)(586,824)
Operating income$736,605 $236,477 $104,950 $1,078,032 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(288,318)
Other expense, net(206)
Income before income taxes$789,508 
Other segment disclosures
Purchases of property and equipment(5)
$(68,667)$(21,027)$(4,840)$(94,534)
__________________
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.
(2) Represents payroll costs for each reportable segment that are recorded within selling, general and administrative expenses.
(3) Represents depreciation recorded within selling, general and administrative expenses. Excludes $17.7 million, $13.9 million, and $9.8 million of depreciation recorded within cost of revenue in fiscal years 2025, 2024 and 2023, respectively. Also excludes $5.5 million and $17.4 million of accelerated depreciation recorded within acquisition, integration and restructuring costs in fiscal years 2024 and 2023, respectively. Those excluded amounts are included within total depreciation and amortization shown on the Consolidated Statements of Cash Flows.
(4) Other segment items for each reportable segment include various operating costs including cost of warehouses, delivery centers and other non-integration facilities, IT expenses, credit costs including bad debt expense, travel and entertainment, legal and professional fees, non-income taxes and other miscellaneous selling, general, and administrative expenses.
(5) Excludes purchases of capitalized software and application software.
(6) Represents share-based compensation recorded within selling, general and administrative expenses. Amounts shown for fiscal 2023 exclude certain share-based compensation expenses that were recorded within acquisition, integration and restructuring costs. Refer to Note 4 - Share-Based Compensation for further discussion of these costs.
Summary of Revenue and Property and Equipment, Net
The Company attributes revenues from external customers to the country from where products are delivered. Except for the U.S., no other country accounted for 10% or more of the Company’s revenue for the periods presented.
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Revenue:
United States$32,282,195 $31,075,984 $30,418,425 
Others30,225,891 27,376,452 27,136,991 
Total$62,508,086 $58,452,436 $57,555,416 
Except for the U.S. and France, no other country accounted for 10% or more of the Company’s property and equipment, net, less capitalized software and application software, for the periods presented:
As of November 30,
20252024
(currency in thousands)
Long-lived assets:
United States$251,562 $225,885 
France46,752 42,254 
Others89,901 74,353 
Total$388,215 $342,492 
v3.25.4
Leases (Tables)
 12 Months Ended
Nov. 30, 2025
Leases [Abstract]  
Schedule of Various Components of Lease Costs
The following table presents the various components of lease costs:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Operating lease cost$116,025 $108,898 $109,789 
Short-term and variable lease cost23,760 28,672 26,022 
Sublease income(1,354)(606)(950)
Total operating lease cost$138,431 $136,964 $134,861 
Schedule of Maturity Analysis of Expected Undiscounted Cash Flows for Operating Leases on an Annual Basis
The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five years and thereafter as of November 30, 2025:
Fiscal Years Ending November 30,
(currency in thousands)
2026$111,443 
202793,598 
202877,732 
202963,196 
203049,133 
Thereafter173,112 
Total payments$568,214 
Less: imputed interest(1)
(96,683)
Total present value of lease payments$471,531 
__________________
(1) Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.
Schedule of Amounts Recorded in Consolidated Balance Sheet
The following amounts were recorded in the Company's Consolidated Balance Sheet as of November 30, 2025 and 2024:
Operating leasesBalance sheet locationNovember 30, 2025November 30, 2024
(currency in thousands)
Operating lease ROU assetsOther assets, net$441,344 $471,889 
Current operating lease liabilitiesOther accrued liabilities109,251 103,789 
Non-current operating lease liabilitiesOther long-term liabilities362,280 390,708 
Schedule of Supplemental Cash Flow Information Related to Operating Leases
The following table presents supplemental cash flow information related to the Company's operating leases for fiscal years 2025, 2024 and 2023. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
Fiscal Years Ended November 30,
Cash flow information202520242023
(currency in thousands)
Cash paid for amounts included in the measurement of lease liabilities$111,425 $103,803 $108,880 
Non-cash ROU assets obtained in exchange for lease liabilities47,378 111,123 128,953 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
The weighted-average remaining lease term and discount rate as of November 30, 2025 and 2024 were as follows:
Operating lease term and discount rate20252024
Weighted-average remaining lease term (years)7.147.69
Weighted-average discount rate5.09 %4.86 %
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Nov. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Pretax Income
The components of pretax income are as follows:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
United States$557,284 $263,321 $283,233 
Foreign499,970 602,714 506,275 
$1,057,254 $866,035 $789,508 
Schedule of Provisions for Income Taxes
Significant components of the provision for income taxes are as follows:
Fiscal Years Ended November 30,
202520242023
(currency in thousands)
Current tax provision:
Federal$91,572 $12,163 $78,239 
State38,365 24,501 40,436 
Foreign146,466 169,093 135,494 
$276,403 $205,757 $254,169 
Deferred tax provision (benefit):
Federal$(36,748)$18,006 $(30,499)
State(2,052)(12,836)(24,771)
Foreign(8,009)(33,983)(36,302)
$(46,809)$(28,813)$(91,572)
Total tax provision$229,594 $176,944 $162,597 
Schedules of Deferred Tax Assets and Liabilities
The breakdown of net deferred tax assets and liabilities are as follows:
As of November 30,
20252024
(currency in thousands)
Deferred tax assets$33,193 $36,059 
Deferred tax liabilities(799,518)(812,763)
Total net deferred tax assets (liabilities)$(766,325)$(776,704)
The significant components of the Company’s deferred tax assets and liabilities are as follows:
As of November 30,
20252024
(currency in thousands)
Assets:
Loss carryforwards$80,110 $87,043 
Lease liabilities108,092 110,166 
Accrued liabilities76,633 118,272 
Foreign tax credit carryforwards5,484 36,290 
Disallowed interest expense26,267 21,976 
Allowance for doubtful accounts and sales return reserves17,397 19,713 
Capitalized inventory costs15,337 11,974 
Unrealized losses on hedges18,868 11,971 
Acquisition and transaction related costs12,483 5,255 
Share-based compensation expense12,326 15,575 
Deferred revenue45,809 12,129 
Long-lived assets2,139 4,665 
Other, net6,995 3,251 
427,940 458,280 
Less: valuation allowance(67,713)(80,640)
Total deferred tax assets$360,227 $377,640 
Liabilities:  
Long-lived assets$(992,783)$(1,017,777)
Lease right-of-use assets(102,964)(106,821)
Deferred costs(9,752)(12,279)
Deferred taxes on unremitted earnings(15,000)(5,116)
Other, net(6,053)(12,351)
Total deferred tax liabilities$(1,126,552)$(1,154,344)
Net deferred tax liability$(766,325)$(776,704)
Schedule of Reconciliation of Statutory U.S. Federal Income Tax Rate to Company's Effective Income Tax Rate
The reconciliation of the statutory United States federal income tax rate to the Company’s effective income tax rate is as follows:
Fiscal Years Ended November 30,
202520242023
United States federal statutory income tax rate21.0 %21.0 %21.0 %
State income taxes, net of federal income tax benefit2.8 1.0 1.1 
Global intangible low taxed income0.3 0.4 0.7 
Tax on foreign earnings different than US federal rate(0.4)(2.5)(3.0)
Net changes in deferred tax valuation allowances(0.8)(1.4)(0.2)
Foreign-derived intangible income(1.6)(0.7)(0.5)
Interest not subject to tax, net(0.6)0.1 0.1 
Foreign withholding taxes0.8 2.4 0.6 
Net changes in reserves for uncertain tax positions0.1 (0.3)— 
Stock compensation related to Tech Data equity awards— — 0.9 
Other, net0.1 0.4 (0.1)
Effective income tax rate21.7 %20.4 %20.6 %
Schedule of Unrecognized Tax Benefits Roll Forward
The aggregate changes in the balances of gross unrecognized tax benefits, excluding accrued interest and penalties, during fiscal years 2025, 2024 and 2023 were as follows (currency in thousands):
For the year ended November 30:202520242023
Gross unrecognized tax benefits at beginning of period$16,797 $18,940 $20,695 
Increases in tax positions for prior years and acquisitions812 1,068 859 
Decreases in tax positions for prior years(632)(1,219)(3,093)
Increases in tax positions for current year1,265 1,390 3,101 
Expiration of statutes of limitation(1,592)(3,167)(2,874)
Settlements— — — 
Changes due to translation of foreign currencies427 (215)252 
Gross unrecognized tax benefits at end of period$17,077 $16,797 $18,940 
v3.25.4
Organization and Basis of Presentation - Additional Information (Details)
Dec. 01, 2020
Spinoff | Concentrix  
Segment Reporting Information [Line Items]  
Stockholders of parent received share of common stock for every share converted 1
v3.25.4
Summary of Significant Accounting Policies - Principles of Consolidation and Segment Reporting (Details)
 12 Months Ended
Nov. 30, 2025
segment
Consolidation, Less than Wholly Owned Subsidiary, parent Ownership Interest, Effects of Changes, Net [Line Items]  
Number of reportable segments 3
Minimum  
Consolidation, Less than Wholly Owned Subsidiary, parent Ownership Interest, Effects of Changes, Net [Line Items]  
Equity method investment, percentage of ownership 20.00%
Maximum  
Consolidation, Less than Wholly Owned Subsidiary, parent Ownership Interest, Effects of Changes, Net [Line Items]  
Equity method investment, percentage of ownership 50.00%
Cost or fair value method investment, percentage of ownership 20.00%
v3.25.4
Summary of Significant Accounting Policies - Cash and Cash Equivalent (Details)
 12 Months Ended
Nov. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Cash equivalents, maximum maturity period 3 months
v3.25.4
Summary of Significant Accounting Policies - Accounts Receivable (Details) - Supply-chain Financing Program - USD ($)
$ in Millions
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Accounts Notes And Loans Receivable [Line Items]      
Accounts receivable sold to and held by financial institution $ 1,800.0 $ 1,200.0  
Discount fees $ 62.7 $ 67.8 $ 51.1
v3.25.4
Summary of Significant Accounting Policies - Schedule of Range of Estimated Useful Lives for Property and Equipment (Details)
Nov. 30, 2025
Equipment and Furniture | Minimum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 3 years
Equipment and Furniture | Maximum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 10 years
Software | Minimum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 3 years
Software | Maximum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 10 years
Leasehold Improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 2 years
Leasehold Improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 15 years
Buildings and Building Improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 10 years
Buildings and Building Improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Property, plant, and equipment, useful life (in years) 40 years
v3.25.4
Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($)
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Goodwill impairment $ 0 $ 0 $ 0
v3.25.4
Summary of Significant Accounting Policies - Schedule of Amortizable Intangible Assets (Details)
Nov. 30, 2025
Customer relationships | Minimum  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets amortization period (in years) 4 years
Customer relationships | Maximum  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets amortization period (in years) 15 years
Vendor lists  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets amortization period (in years) 10 years
Other intangible assets | Minimum  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets amortization period (in years) 1 year
Other intangible assets | Maximum  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets amortization period (in years) 10 years
v3.25.4
Summary of Significant Accounting Policies - Concentration of Credit Risk and Revenue Recognition (Details) - Sales Revenue, Net
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Supplier Concentration Risk | Apple, Inc.      
Concentration Risk [Line Items]      
Concentration risk, percentage 12.00% 12.00% 11.00%
Supplier Concentration Risk | HP Inc.      
Concentration Risk [Line Items]      
Concentration risk, percentage 10.00% 100.00% [1] 100.00% [1]
One Customer | Customer Concentration Risk      
Concentration Risk [Line Items]      
Concentration risk, percentage 11.00% 12.00% 11.00%
[1] Revenue generated from products purchased from this vendor was less than 10% of consolidated revenue during the period presented.
v3.25.4
Summary of Significant Accounting Policies - Recently Issued Accounting Pronouncements (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
New Accounting Pronouncements or Change in Accounting Principle [Line Items]    
Accounts payable estimated to be within scope of standard $ 17,624,254 $ 15,084,107
v3.25.4
Acquisition, Integration and Restructuring Expenses Costs - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jul. 01, 2025
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Restructuring Cost And Reserve [Line Items]        
Acquisition, integration and restructuring costs   $ 7,180 $ 71,314 $ 206,235
Goodwill   4,099,297 3,895,077  
Voluntary severance program costs     52,100  
GBO 2 Program        
Restructuring Cost And Reserve [Line Items]        
Acquisition, integration and restructuring costs     9,400  
Other Acquisitions        
Restructuring Cost And Reserve [Line Items]        
Acquisition, integration and restructuring costs   3,500 6,900  
Tech Data Corporation        
Restructuring Cost And Reserve [Line Items]        
Acquisition, integration and restructuring costs   64,381 196,851  
Restructuring related accelerated depreciation and amortization expense   5,500 17,400  
Termination fees related to certain IT systems   17,000 24,400  
Voluntary severance program costs   10,113 52,091  
Tech Data Corporation | Severance Costs        
Restructuring Cost And Reserve [Line Items]        
Voluntary severance program costs   8,000 42,300  
Tech Data Corporation | Duplicative Labor Costs        
Restructuring Cost And Reserve [Line Items]        
Voluntary severance program costs   2,100 $ 9,800  
Apptium        
Restructuring Cost And Reserve [Line Items]        
Acquisition, integration and restructuring costs   $ 3,700    
Cash payments to acquire businesses $ 105,100      
Goodwill 87,100      
Intangible assets $ 16,900      
v3.25.4
Acquisition, Integration and Restructuring Expenses Costs - Summary of Acquisition and Integration Expenses - Merger (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Restructuring Cost And Reserve [Line Items]      
Share-based compensation expense $ 66,428 $ 69,201 $ 55,799
Voluntary severance program costs   52,100  
Total 7,180 71,314 $ 206,235
Tech Data Corporation      
Restructuring Cost And Reserve [Line Items]      
Professional services costs 16,456 20,775  
Personnel and other costs 15,279 46,464  
Long-lived assets charges and termination fees 22,533 41,812  
Share-based compensation expense 0 35,709  
Voluntary severance program costs 10,113 52,091  
Total $ 64,381 $ 196,851  
v3.25.4
Share-Based Compensation - Additional Information (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Nov. 30, 2025
USD ($)
Period
$ / shares
shares
Nov. 30, 2024
USD ($)
$ / shares
shares
Nov. 30, 2023
USD ($)
$ / shares
shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Stock options contractual term 10 years    
Outstanding options (in shares) | shares 231,000 482,000  
Outstanding options, remaining contractual term (in years) 3 years 3 months 3 days    
Weighted average exercise price (in USD per share) | $ / shares $ 78.03    
Outstanding options, intrinsic value $ 17,200    
Vested and exercisable options (in shares) | shares 221,000    
Vested and exercisable options, remaining contractual term (in years) 3 years 1 month 20 days    
Options vested and exercisable, weighted average exercise price (in USD per share) | $ / shares $ 76.70    
Vested options, intrinsic value $ 16,800    
Share-based compensation expense 66,428 $ 69,201 $ 55,799
Income tax benefits $ 14,300 15,600 12,600
Restricted Stock Awards and Units (RSUs)      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Granted (in shares) | shares 594,000    
Granted (in USD per share) | $ / shares $ 148.76    
Total fair value of RSAs and RUSs vested $ 93,600 $ 73,000 $ 54,400
Fair value per share (in usd per share) | $ / shares $ 130.58 $ 106.70  
Restricted Stock      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Granted (in shares) | shares   674,000 635,000
Granted (in USD per share) | $ / shares   $ 115,330 $ 96,750
TD SYNNEX Plan      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Common stock, shares reserved for future issuance (in shares) | shares 1,800,000    
Exercise price as percentage of fair market value on grant date 100.00%    
Share-based compensation expense     $ 600
TD SYNNEX Plan | Restricted Stock Awards and Units (RSUs)      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Unamortized share-based compensation related to non-vested share-based awards $ 99,400    
TD SYNNEX Plan | Restricted Stock      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award vesting period 2 years    
Fair value per share (in usd per share) | $ / shares $ 127.60    
Share-based compensation expense     $ 29,200
TD SYNNEX Plan | Share-Based Payment Arrangement      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Estimated weighted-average amortization period (in years) 1 year 10 months 20 days    
TD SYNNEX Plan | Qualified Employees | Restricted Stock Awards and Units (RSUs)      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award vesting percentage 20.00%    
TD SYNNEX Plan | Qualified Employees | Restricted Stock Awards and Units (RSUs) | Minimum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award requisite service period 3 years    
TD SYNNEX Plan | Qualified Employees | Restricted Stock Awards and Units (RSUs) | Maximum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award requisite service period 5 years    
TD SYNNEX Plan | Qualified Employees | Performance-Based Restricted Stock Units      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award requisite service period 3 years    
TD SYNNEX Plan | Qualified Nonemployee | Restricted Stock      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award requisite service period 1 year    
TD SYNNEX Plan | Monthly Vesting | Qualified Employees | Employee Stock Options      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award vesting period 4 years    
TD SYNNEX Plan | First Anniversary of the Grant | Qualified Employees | Employee Stock Options      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award vesting percentage 20.00%    
TD SYNNEX Plan | First Anniversary of the Grant | Qualified Non-employee Directors | Employee Stock Options      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Award vesting percentage 25.00%    
A2024 ESPP      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense $ 4,200 $ 2,600  
Maximum number of shares authorized (in shares) | shares 750,000    
Number of shares available (in shares) | shares 555,000    
Number of offering periods in calendar year | Period 2    
Participant purchase price discount 15.00%    
Maximum purchase limit $ 25    
v3.25.4
Share-Based Compensation - Share-based Compensation Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense $ 66,428 $ 69,201 $ 55,799
Selling, general and administrative expenses      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense 66,428 69,201 49,273
Acquisition, integration and restructuring costs      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense $ 0 $ 0 $ 6,526
v3.25.4
Share-Based Compensation - Summary of Changes in Company Stock Option Activity (Details)
 12 Months Ended
Nov. 30, 2025
$ / shares
shares
Number of shares  
Beginning options outstanding (in shares) | shares 482,000
Options exercised (in shares) | shares (249,000)
Options cancelled (in shares) | shares (2,000)
Ending options outstanding (in shares) | shares 231,000
Weighted- average exercise price per share  
Options outstanding, beginning (in USD per share) | $ / shares $ 78.52
Options exercised (in USD per share) | $ / shares 78.74
Options cancelled (in USD per share) | $ / shares 107.32
Options outstanding, ending (in USD per share) | $ / shares $ 78.03
v3.25.4
Share-Based Compensation - Schedule of Cash Received from Exercise of Options and Intrinsic Values of Options Exercised (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Share-Based Payment Arrangement [Abstract]      
Intrinsic value of options exercised $ 16,232 $ 6,004 $ 3,570
Cash received from exercise of options $ 19,593 $ 6,681 $ 4,448
v3.25.4
Share-Based Compensation - Summary Changes in Non-vested Restricted Stock Awards and Stock Units (Details) - $ / shares
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Restricted Stock Awards and Units (RSUs)      
Number of shares      
Non-vested shares, beginning (in shares) 1,252,000    
Granted (in shares) 594,000    
Vested (in shares) (646,000)    
Attainment adjustments (in shares) [1] (12,000)    
Cancelled (in shares) (79,000)    
Non-vested shares, ending (in shares) 1,109,000 1,252,000  
Weighted-average, grant-date fair value per share      
Non-vested, beginning (in USD per share) $ 106.70    
Granted (in USD per share) 148.76    
Vested (in USD per share) 103.96    
Attainment adjustments (in USD per share) [1] 112.16    
Cancelled (in USD per share) 109.38    
Non-vested, ending (in USD per share) $ 130.58 $ 106.70  
Restricted Stock      
Number of shares      
Granted (in shares)   674,000 635,000
Weighted-average, grant-date fair value per share      
Granted (in USD per share)   $ 115,330 $ 96,750
[1] During the year ended November 30, 2025, the attainment on PRSUs vested was adjusted to reflect actual performance.
v3.25.4
Share-Based Compensation - Summary of Changes in Company Restricted Shares (Details) - shares
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Restricted Stock      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Non-vested, Number of Shares [Roll Forward]      
Granted (in shares)   674,000 635,000
Restricted Stock Awards and Units (RSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Non-vested, Number of Shares [Roll Forward]      
Non-vested shares, beginning (in shares) 1,252,000    
Granted (in shares) 594,000    
Vested (in shares) (646,000)    
Attainment adjustments (in shares) [1] (12,000)    
Cancelled (in shares) (79,000)    
Non-vested shares, ending (in shares) 1,109,000 1,252,000  
[1] During the year ended November 30, 2025, the attainment on PRSUs vested was adjusted to reflect actual performance.
v3.25.4
Stockholders' Equity - Share Repurchase Programs - Additional Information (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Aug. 31, 2022
Nov. 30, 2025
Nov. 30, 2024
Mar. 31, 2024
Jan. 31, 2023
Equity, Class of Treasury Stock [Line Items]          
Stock repurchase program, period in force 3 years        
Treasury stock, acquired (in shares) [1]   4,448,000      
Treasury stock, value   $ 2,038,528 $ 1,513,017    
2020 Share Repurchase Program | October Offering          
Equity, Class of Treasury Stock [Line Items]          
Stock repurchase program, authorized amount         $ 1,000,000
A2023 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Stock repurchase program, remaining authorized repurchase amount   $ 1,200,000     $ 196,700
A2024 Share Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Stock repurchase program, authorized amount       $ 2,000,000  
[1] Weighted-average price per share excludes broker's commissions and excise taxes. "Repurchases of common stock" in the Consolidated Statements of Cash Flows for the twelve months ended November 30, 2025, 2024 and 2023 excludes amounts related to excise tax that when accrued are recorded in "Other current liabilities" and "Treasury stock" on the Consolidated Balance Sheets. Excise taxes paid are classified as operating activities in the Consolidated Statements of Cash Flows.
v3.25.4
Stockholders' Equity - Schedule of Share Repurchases (Details)
 12 Months Ended
Nov. 30, 2025
$ / shares
shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]  
Treasury stock, beginning balance (in shares) | shares 15,289,000
Shares of treasury stock repurchased for tax withholdings on equity awards (in shares) | shares 4,448,000 [1]
Shares of treasury stock repurchased for tax withholdings on equity awards (in shares) | shares 213,000
Shares of treasury stock reissued for employee benefit plans | shares (1,038,000)
Treasury stock, ending balance (in shares) | shares 18,912,000
Disclosure of Repurchase Agreements [Abstract]  
Weighted-average price per share, beginning balance (in USD per share) | $ / shares $ 98.96
Weighted-average price per share (in USD per share) | $ / shares 134.03 [1]
Weighted-average price per share, equity awards (in USD per share) | $ / shares 145.71
Weighted-average price per share, reissued for employee benefit plans (in USD per share) | $ / shares 102.61
Weighted-average price per share, ending balance (in USD per share) | $ / shares $ 107,790
[1] Weighted-average price per share excludes broker's commissions and excise taxes. "Repurchases of common stock" in the Consolidated Statements of Cash Flows for the twelve months ended November 30, 2025, 2024 and 2023 excludes amounts related to excise tax that when accrued are recorded in "Other current liabilities" and "Treasury stock" on the Consolidated Balance Sheets. Excise taxes paid are classified as operating activities in the Consolidated Statements of Cash Flows.
v3.25.4
Stockholders' Equity - Dividends - Additional Information (Details) - $ / shares
 12 Months Ended
Jan. 29, 2026
Jan. 15, 2026
Jan. 08, 2026
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Dividends [Line Items]            
Cumulative cash dividends declared per share (in USD per share)       $ 1.76 $ 1.60 $ 1.40
Subsequent Event            
Dividends [Line Items]            
Cumulative cash dividends declared per share (in USD per share)     $ 0.48      
Subsequent Event | O 2024 Q4 Dividends            
Dividends [Line Items]            
Dividends declared date     Jan. 08, 2026      
Dividends record date   Jan. 16, 2026        
Dividends payable date Jan. 30, 2026          
v3.25.4
Earnings Per Common Share - Schedule of Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Basic earnings per common share:      
Net income attributable to common stockholders [1] $ 820,165 $ 682,987 $ 622,045
Weighted-average common share - basic (in shares) 82,104 85,494 92,572
Basic earnings per common share (in USD per share) $ 9.99 $ 7.99 $ 6.72
Diluted earnings per common share:      
Net income attributable to common stockholders [1] $ 820,189 $ 683,009 $ 622,056
Weighted-average common share - basic (in shares) 82,104 85,494 92,572
Stock options and restricted stock units (in shares) 326 380 281
Weighted-average common shares-diluted (in shares) 82,430 85,874 92,853
Diluted earnings per common share (in USD per share) $ 9.95 $ 7.95 $ 6.70
Anti-dilutive shares excluded from diluted earnings per share calculation (in shares) 17 123 287
[1] RSAs granted by the Company are considered participating securities. Income available to participating securities was immaterial in all periods presented.
v3.25.4
Balance Sheet Components - Accounts Receivable, Net (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accounts receivable $ 11,813,741 $ 10,443,290
Less: Allowance for doubtful accounts (106,160) (101,665)
Accounts receivable, net $ 11,707,581 $ 10,341,625
v3.25.4
Balance Sheet Components - Allowance for Doubtful Accounts Receivables and Allowance for Receivables from Vendors (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]      
Allowance, beginning balance $ 101,665    
Allowance, ending balance 106,160 $ 101,665  
Allowance for Doubtful Trade Receivables      
Accounts Receivable, Allowance for Credit Loss [Roll Forward]      
Allowance, beginning balance 101,665 150,753 $ 129,742
Additions 35,071 862 44,742
Write-offs, recoveries, reclassifications and foreign exchange translation (30,576) (49,950) (23,731)
Allowance, ending balance $ 106,160 $ 101,665 $ 150,753
v3.25.4
Balance Sheet Components - Property and Equipment, Net (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross $ 971,830 $ 816,583
Total accumulated depreciation (475,539) (359,559)
Property and equipment, net 496,291 457,024
Land    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross 28,279 27,384
Equipment, computers and software    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross 605,019 484,524
Furniture and fixtures    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross 72,246 64,103
Buildings, building improvements and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross $ 266,286 $ 240,572
v3.25.4
Balance Sheet Components - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Depreciation and amortization $ 118,000 $ 115,200 $ 124,600
Amortization expense $ (296,258) $ (292,304) $ (293,737)
v3.25.4
Balance Sheet Components - Goodwill (Details)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
USD ($)
Goodwill [Roll Forward]  
Balance, beginning of year $ 3,895,077
Additions from acquisitions 100,484
Foreign exchange translation 103,736
Balance, end of year 4,099,297
Americas  
Goodwill [Roll Forward]  
Balance, beginning of year 2,493,769
Additions from acquisitions 94,268
Foreign exchange translation (2,903)
Balance, end of year 2,585,134
Europe  
Goodwill [Roll Forward]  
Balance, beginning of year 1,322,553
Additions from acquisitions 1,748
Foreign exchange translation 107,438
Balance, end of year 1,431,739
APJ  
Goodwill [Roll Forward]  
Balance, beginning of year 78,755
Additions from acquisitions 4,468
Foreign exchange translation (799)
Balance, end of year $ 82,424
v3.25.4
Balance Sheet Components - Intangible Assets (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Finite-Lived Intangible Assets, Net [Abstract]    
Gross Amounts $ 5,279,374 $ 5,080,900
Accumulated Amortization (1,504,422) (1,168,633)
Net Amounts 3,774,952 3,912,267
Trade name    
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]    
Indefinite-Lived Intangible Assets (Excluding Goodwill) 1,057,783 1,018,208
Indefinite-Lived Intangible Assets (Excluding Goodwill) 1,057,783 1,018,208
Customer relationships    
Finite-Lived Intangible Assets, Net [Abstract]    
Gross Amounts 3,999,465 3,858,727
Accumulated Amortization (1,320,252) (1,001,886)
Net Amounts 2,679,213 2,856,841
Vendor lists    
Finite-Lived Intangible Assets, Net [Abstract]    
Gross Amounts 176,868 175,865
Accumulated Amortization (157,559) (144,692)
Net Amounts 19,309 31,173
Other intangible assets    
Finite-Lived Intangible Assets, Net [Abstract]    
Gross Amounts 45,258 28,100
Accumulated Amortization (26,611) (22,055)
Net Amounts $ 18,647 $ 6,045
v3.25.4
Balance Sheet Components - Schedule of Estimated Future Amortization Expense of Intangible Assets Including Preliminary Estimate of Amortization of Assets Acquired (Details)
$ in Thousands
Nov. 30, 2025
USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]  
2026 $ 300,366
2027 297,475
2028 279,435
2029 274,968
2030 272,503
Thereafter 1,292,422
Total $ 2,717,169
v3.25.4
Balance Sheet Components - Summary of Accumulated Other Comprehensive Income (Loss) ("AOCI") (Details)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
USD ($)
Accumulated Other Comprehensive Income (Loss), net of taxes  
Beginning balance $ 8,035,434
Other comprehensive (loss) income before reclassification 259,772
Reclassification of losses from other comprehensive loss 5,912
Ending Balance 8,450,429
Accumulated other comprehensive income (loss)  
Accumulated Other Comprehensive Income (Loss), net of taxes  
Beginning balance (645,117)
Ending Balance (379,433)
Unrealized (losses) gains on cash flow hedges, net of taxes  
Accumulated Other Comprehensive Income (Loss), net of taxes  
Beginning balance (110)
Other comprehensive (loss) income before reclassification (1,533)
Reclassification of losses from other comprehensive loss 1,270
Ending Balance (373)
Foreign currency translation adjustment and other, net of taxes  
Accumulated Other Comprehensive Income (Loss), net of taxes  
Beginning balance (645,007)
Other comprehensive (loss) income before reclassification 261,305
Reclassification of losses from other comprehensive loss 4,642
Ending Balance $ (379,060)
v3.25.4
Derivative Instruments - Additional Information (Details)
 12 Months Ended
Nov. 30, 2025
Derivative [Line Items]  
Derivative, Subsequent Period To De-Designation 2 months
Forward foreign currency exchange contracts (notional value) | Not Designated as Hedging Instrument | Maximum  
Derivative [Line Items]  
Foreign exchange forward contracts, maturity 12 months
v3.25.4
Derivative Instruments - Summary of Fair Values of Derivative Instruments (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Not Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value)    
Derivative [Line Items]    
Notional value $ 2,697,479 $ 1,962,852
Not Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Other current assets    
Derivative [Line Items]    
Assets, fair value 7,386 11,863
Not Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Other accrued liabilities    
Derivative [Line Items]    
Other accrued liabilities 7,026 8,096
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Cash Flow Hedging    
Derivative [Line Items]    
Notional value 120,073 0
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Cash Flow Hedging | Other current assets    
Derivative [Line Items]    
Assets, fair value 96 0
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Cash Flow Hedging | Other accrued liabilities    
Derivative [Line Items]    
Foreign Currency Fair Value Hedge Liability at Fair Value 107 0
Designated as Hedging Instrument | Interest Rate Swap [Member] | Cash Flow Hedging    
Derivative [Line Items]    
Notional value [1]   0
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Net Investment Hedging    
Derivative [Line Items]    
Notional value 673,644 687,475
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Net Investment Hedging | Other current assets    
Derivative [Line Items]    
Assets, fair value 0 220
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Net Investment Hedging | Other accrued liabilities    
Derivative [Line Items]    
Assets, fair value 27,462 91
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Net Investment Hedging | Other Noncurrent Liabilities    
Derivative [Line Items]    
Assets, fair value 14,822 7,889
Designated as Hedging Instrument | Forward foreign currency exchange contracts (notional value) | Net Investment Hedging | Other Noncurrent Assets    
Derivative [Line Items]    
Assets, fair value 0 2,320
Designated as Hedging Instrument | Foreign Exchange Contract | Net Investment Hedging    
Derivative [Line Items]    
Notional value 300,000 300,000
Designated as Hedging Instrument | Foreign Exchange Contract | Net Investment Hedging | Other Noncurrent Liabilities    
Derivative [Line Items]    
Foreign Currency Fair Value Hedge Liability at Fair Value 3,500 0
Designated as Hedging Instrument | Foreign Exchange Contract | Net Investment Hedging | Other Noncurrent Assets    
Derivative [Line Items]    
Assets, fair value $ 0 $ 1,792
[1] The Company had no material cash flow hedges outstanding as of November 30, 2024.
v3.25.4
Derivative Instruments - Effect of Derivative Instruments on AOCI and Consolidated Statements of Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Derivative Instruments Gain Loss [Line Items]      
Total $ (45,344) $ 32,880 $ (49,550)
Derivative instruments not designated as hedging instruments: | Foreign Exchange | Other expense, net      
Derivative Instruments Gain Loss [Line Items]      
Gains (losses) recognized from foreign exchange forward contracts, net (2,480) (4,091) (6,212)
Derivative instruments not designated as hedging instruments: | Foreign Exchange | Cost of revenue      
Derivative Instruments Gain Loss [Line Items]      
Gains (losses) recognized from foreign exchange forward contracts, net (42,864) 36,971 (43,338)
Derivative instruments designated as net investment hedges: | Interest Rate Swap      
Derivative Instruments Gain Loss [Line Items]      
Gains recognized in income (amount excluded from effectiveness testing) $ 10,122 $ 10,323 $ 9,149
Derivative, Excluded Component, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense and finance charges, net Interest expense and finance charges, net Interest expense and finance charges, net
Derivative instruments designated as net investment hedges: | Foreign Exchange      
Derivative Instruments Gain Loss [Line Items]      
Gains (losses) recognized in OCI $ (47,315) $ 5,579 $ (29,405)
Derivative instruments designated as net investment hedges: | Foreign Exchange Contract      
Derivative Instruments Gain Loss [Line Items]      
Gains (losses) recognized on OCI on foreign exchange collar contracts (5,292) 1,791 0
Derivative instruments designated as cash flow hedges(3): | Interest Rate Swap      
Derivative Instruments Gain Loss [Line Items]      
Gains (losses) recognized in OCI 0 0 937
Derivative instruments designated as cash flow hedges(3): | Interest Rate Swap | Interest expense and finance charges, net      
Derivative Instruments Gain Loss [Line Items]      
Gains on interest rate swaps reclassified from AOCI into income 0 0 9,494
Derivative instruments designated as cash flow hedges(3): | Foreign Exchange      
Derivative Instruments Gain Loss [Line Items]      
Gains (losses) recognized in OCI (1,728) 0 0
Derivative instruments designated as cash flow hedges(3): | Foreign Exchange | Cost of revenue      
Derivative Instruments Gain Loss [Line Items]      
Losses on forward foreign currency exchange contracts reclassified from AOCI into income (257) 0 0
Derivative instruments designated as cash flow hedges(3): | Foreign Exchange | Revenue      
Derivative Instruments Gain Loss [Line Items]      
Losses on forward foreign currency exchange contracts reclassified from AOCI into income (775) 0 0
Derivative instruments designated as cash flow hedges(3): | Foreign Exchange | Selling, general and administrative expenses      
Derivative Instruments Gain Loss [Line Items]      
Losses on forward foreign currency exchange contracts reclassified from AOCI into income $ (424) $ 0 $ 0
v3.25.4
Fair Value Measurements - Schedule of Valuation of Investments and Financial Instruments Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Designated as Hedging Instrument | Net Investment Hedging    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure $ 0 $ 2,540
Interest Rate Derivative Assets, at Fair Value 0 1,792
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 42,285 7,980
Interest Rate Derivative Liabilities, at Fair Value 3,500 0
Designated as Hedging Instrument | Cash Flow Hedging    
Assets:    
Interest Rate Derivative Assets, at Fair Value 96 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 107 0
Not Designated as Hedging Instrument    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure 7,386 11,863
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 7,026 8,096
Level 1 | Designated as Hedging Instrument | Net Investment Hedging    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure 0 0
Interest Rate Derivative Assets, at Fair Value 0 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 0 0
Interest Rate Derivative Liabilities, at Fair Value 0 0
Level 1 | Designated as Hedging Instrument | Cash Flow Hedging    
Assets:    
Interest Rate Derivative Assets, at Fair Value 0 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 0 0
Level 1 | Not Designated as Hedging Instrument    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure 0 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 0 0
Level 2 | Designated as Hedging Instrument | Net Investment Hedging    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure 0 2,540
Interest Rate Derivative Assets, at Fair Value 0 1,792
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 42,285 7,980
Interest Rate Derivative Liabilities, at Fair Value 3,500 0
Level 2 | Designated as Hedging Instrument | Cash Flow Hedging    
Assets:    
Interest Rate Derivative Assets, at Fair Value 96 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 107 0
Level 2 | Not Designated as Hedging Instrument    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure 7,386 11,863
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 7,026 8,096
Level 3 | Designated as Hedging Instrument | Net Investment Hedging    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure 0 0
Interest Rate Derivative Assets, at Fair Value 0 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 0 0
Interest Rate Derivative Liabilities, at Fair Value 0 0
Level 3 | Designated as Hedging Instrument | Cash Flow Hedging    
Assets:    
Interest Rate Derivative Assets, at Fair Value 0 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure 0 0
Level 3 | Not Designated as Hedging Instrument    
Assets:    
Foreign Currency Contract, Asset, Fair Value Disclosure 0 0
Liabilities:    
Foreign Currency Contracts, Liability, Fair Value Disclosure $ 0 $ 0
v3.25.4
Fair Value Measurements - Additional Information (Details) - USD ($)
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Fair Value Disclosures [Abstract]      
Estimated fair value $ 3,500,000,000 $ 2,300,000,000  
Transfers between fair value measurement category levels $ 0 $ 0 $ 0
v3.25.4
Borrowings - Schedule of Borrowings (Details) - USD ($)
$ in Thousands
Oct. 10, 2025
Apr. 12, 2024
Aug. 09, 2021
Nov. 30, 2025
Nov. 30, 2024
Apr. 19, 2024
Debt Instrument [Line Items]            
Borrowings, current       $ 1,018,321 $ 171,092  
Short-term borrowings before debt discount and issuance costs       1,019,260 171,092  
Less: current portion of unamortized debt discount and issuance costs       (939) 0  
Long-term borrowings, before unamortized debt discount and issuance costs       3,614,562 3,756,206  
Less: unamortized debt discount and issuance costs       (22,432) (19,807)  
Long-term borrowings       3,592,130 3,736,399  
Senior Notes            
Debt Instrument [Line Items]            
Term loan borrowing amount     $ 2,500,000      
1.75% Senior Notes due 2026 | Senior Notes            
Debt Instrument [Line Items]            
Interest rate     1.75%      
Maturity date     Aug. 09, 2026      
2.375% Senior Notes due 2028 | Senior Notes            
Debt Instrument [Line Items]            
Interest rate     2.375%      
Maturity date     Aug. 09, 2028      
2.65% Senior Notes due 2031 | Senior Notes            
Debt Instrument [Line Items]            
Interest rate     2.65%      
Maturity date     Aug. 09, 2031      
6.10% Senior Notes Due 2034 | Senior Notes            
Debt Instrument [Line Items]            
Term loan borrowing amount [1]       600,000    
Interest rate   6.10%        
Maturity date   Apr. 12, 2034        
1.25% Senior Notes due 2024 | Senior Notes            
Debt Instrument [Line Items]            
Term loan borrowing amount     $ 700,000      
Interest rate     1.25%      
Maturity date     Aug. 09, 2024      
Senior Notes due 2029 | Senior Notes            
Debt Instrument [Line Items]            
Interest rate 4.30%          
Maturity date Jan. 17, 2029          
Senior Notes due 2035 | Senior Notes            
Debt Instrument [Line Items]            
Interest rate 5.30%          
Maturity date Oct. 10, 2035          
TD SYNNEX Plan | Senior Notes due 2029 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs       550,000    
TD SYNNEX Plan | Senior Notes due 2035 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs       600,000    
Senior Notes            
Debt Instrument [Line Items]            
Borrowings, current [1],[2]       700,000 0  
Senior Notes | TD SYNNEX Plan            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs [1],[2]       2,850,000 2,400,000  
Senior Notes | TD SYNNEX Plan | 1.75% Senior Notes due 2026 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs [1],[2]       0 700,000  
Senior Notes | TD SYNNEX Plan | 2.375% Senior Notes due 2028 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs [1],[2]       600,000 600,000  
Senior Notes | TD SYNNEX Plan | 2.65% Senior Notes due 2031 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs [1],[2]       500,000 500,000  
Senior Notes | TD SYNNEX Plan | 6.10% Senior Notes Due 2034 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs [1],[2]       600,000 600,000  
Senior Notes | TD SYNNEX Plan | Senior Notes due 2029 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs [1],[2]       550,000 0  
Senior Notes | TD SYNNEX Plan | Senior Notes due 2035 | Senior Notes            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs [1],[2]       600,000 0  
Other Long Term Debt            
Debt Instrument [Line Items]            
Borrowings, current       0    
Line of Credit | TD SYNNEX Plan            
Debt Instrument [Line Items]            
Borrowings, current       319,260 171,092  
Line of Credit | Other Entities            
Debt Instrument [Line Items]            
Borrowings, current       171,100    
New Credit Agreement | TD SYNNEX Plan            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs       0 581,250  
2024 TD SYNNEX Credit Agreement            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity       750,000 750,000 $ 750,000
2024 TD SYNNEX Credit Agreement | TD SYNNEX Plan            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs         750,000  
Credit Agreement | TD SYNNEX Plan            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs       750,000 1,331,250  
Term Loan | Other Entities            
Debt Instrument [Line Items]            
Long-term borrowings, before unamortized debt discount and issuance costs       $ 14,562 $ 24,956  
[1] The Company pays interest semi-annually on each of these series of Senior Notes.
[2] The interest rate payable on each of these series of Senior Notes is subject to adjustment from time to time if the credit rating assigned to such series of Senior Notes is downgraded (or downgraded and subsequently upgraded).
v3.25.4
Borrowings - TD SYNNEX U.S. Accounts Receivable Securitization Arrangement (Details) - Trade Accounts Receivable - AR Arrangement - TD SYNNEX U.S.
$ in Thousands
 12 Months Ended
Nov. 30, 2025
USD ($)
Line of Credit Facility [Line Items]  
Line of credit facility, accordion feature amount $ 1,500,000 [1]
Interest rate 0.85% [2]
Minimum  
Line of Credit Facility [Line Items]  
Unused line fees or commitment fees 0.30% [3]
Maximum  
Line of Credit Facility [Line Items]  
Unused line fees or commitment fees 0.40% [3]
[1] Based on eligible trade accounts receivable.
[2] Payable on the used portion of the lenders’ commitment; accrues per annum.
[3] Payable on the adjusted commitment of the lenders, accrues at different tiers per annum depending on the amount of outstanding advances from time to time.
v3.25.4
Borrowings - TD SYNNEX U.S. Accounts Receivable Securitization Arrangement (Narrative) (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Line of Credit Facility [Line Items]    
Accounts receivable, net $ 11,707,581 $ 10,341,625
Trade Accounts Receivable | AR Arrangement | TD SYNNEX U.S.    
Line of Credit Facility [Line Items]    
Accounts receivable, net 3,200,000 3,400,000
Outstanding lines of credit facilities $ 0 $ 0
v3.25.4
Borrowings - TD SYNNEX Credit Agreement (Narrative) (Details) - USD ($)
Apr. 16, 2021
Nov. 30, 2025
Nov. 30, 2024
Line of Credit Facility [Line Items]      
Long-term borrowings, before unamortized debt discount and issuance costs   $ 3,614,562,000 $ 3,756,206,000
New Credit Agreement | TD SYNNEX Plan      
Line of Credit Facility [Line Items]      
Long-term borrowings, before unamortized debt discount and issuance costs   $ 0 $ 581,250,000
Tech Data Corporation | New Credit Agreement      
Line of Credit Facility [Line Items]      
Line of credit facility, maximum borrowing capacity $ 3,500,000,000    
Tech Data Corporation | New Credit Agreement | Senior Unsecured Term Loan      
Line of Credit Facility [Line Items]      
Line of credit facility, maximum borrowing capacity 1,500,000,000    
Tech Data Corporation | New Credit Agreement | Maximum      
Line of Credit Facility [Line Items]      
Line of credit facility, potential increase in borrowing capacity amount $ 500,000,000.0    
v3.25.4
Borrowings - TD SYNNEX Credit Agreement (Details) - extension
Apr. 19, 2024
Apr. 16, 2021
Nov. 30, 2025
Nov. 30, 2024
2024 TD SYNNEX Credit Agreement | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 1.625%      
2024 TD SYNNEX Credit Agreement | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 1.00%      
Tech Data Corporation | 2024 TD SYNNEX Credit Agreement        
Line of Credit Facility [Line Items]        
Effective interest rate     5.27% 6.04%
Tech Data Corporation | 2024 TD SYNNEX Credit Agreement | Credit Spread Adjustment        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 0.10%      
Tech Data Corporation | TD SYNNEX Credit Agreement        
Line of Credit Facility [Line Items]        
Effective interest rate       6.05%
Tech Data Corporation | TD SYNNEX Credit Agreement | Credit Spread Adjustment        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 0.10%      
Tech Data Corporation | TD SYNNEX Credit Agreement | Maximum        
Line of Credit Facility [Line Items]        
Commitment fee [1]   0.30%    
Tech Data Corporation | TD SYNNEX Credit Agreement | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin [2]   1.75%    
Tech Data Corporation | TD SYNNEX Credit Agreement | Maximum | Base Rate        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin   1.00%    
Tech Data Corporation | TD SYNNEX Credit Agreement | Minimum        
Line of Credit Facility [Line Items]        
Commitment fee [1]   0.10%    
Tech Data Corporation | TD SYNNEX Credit Agreement | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin [2]   1.125%    
Tech Data Corporation | New Credit Agreement | Senior Unsecured Term Loan        
Line of Credit Facility [Line Items]        
Line of credit facility, number of extensions   2    
Line of credit facility, extension period   1 year    
Tech Data Corporation | New Credit Agreement | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin [3]   1.75%    
Tech Data Corporation | New Credit Agreement | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin [3]   1.00%    
[1]
(3) The commitment fee range is applied to any unused commitment under the TD SYNNEX Revolving Credit Facility based on the Company’s Public Debt Rating.
[2]
(2) The margin is based on the Company’s Public Debt Rating. The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.
[3]
(2) The margin is based on the Company’s Public Debt Rating (as defined in the TD SYNNEX Credit Agreement). The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.
v3.25.4
Borrowings - TD SYNNEX Term Loan Credit Agreement (Narrative) (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Apr. 19, 2024
2024 TD SYNNEX Credit Agreement      
Line of Credit Facility [Line Items]      
Line of credit facility, maximum borrowing capacity $ 750,000 $ 750,000 $ 750,000
v3.25.4
Borrowings - TD SYNNEX Term Loan Credit Agreement (Details)
Apr. 19, 2024
Apr. 16, 2021
Nov. 30, 2025
Nov. 30, 2024
2024 TD SYNNEX Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 1.00%      
2024 TD SYNNEX Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 1.625%      
Tech Data Corporation | 2024 TD SYNNEX Credit Agreement        
Line of Credit Facility [Line Items]        
Effective interest rate     5.27% 6.04%
Tech Data Corporation | 2024 TD SYNNEX Credit Agreement | Credit Spread Adjustment        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 0.10%      
Tech Data Corporation | TD SYNNEX Credit Agreement        
Line of Credit Facility [Line Items]        
Effective interest rate       6.05%
Tech Data Corporation | TD SYNNEX Credit Agreement | Credit Spread Adjustment        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin 0.10%      
Tech Data Corporation | TD SYNNEX Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin [1]   1.125%    
Tech Data Corporation | TD SYNNEX Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum        
Line of Credit Facility [Line Items]        
Credit spread adjustment and margin [1]   1.75%    
[1]
(2) The margin is based on the Company’s Public Debt Rating. The applicable margin on base rate loans is 1.00% less than the corresponding margin on SOFR rate based loans.
v3.25.4
Borrowings - TD SYNNEX Senior Notes (Narrative) (Details) - USD ($)
$ in Thousands
Oct. 10, 2025
Apr. 12, 2024
Aug. 09, 2021
Nov. 30, 2025
Nov. 30, 2024
Line of Credit Facility [Line Items]          
Long-term borrowings, before unamortized debt discount and issuance costs       $ 3,614,562 $ 3,756,206
Senior Notes          
Line of Credit Facility [Line Items]          
Term loan borrowing amount     $ 2,500,000    
Senior Notes | Minimum          
Line of Credit Facility [Line Items]          
Debt instrument redemption price percentage of aggregate principal amount redeemed     100.00%    
Senior Notes | 6.10% Senior Notes due 2034          
Line of Credit Facility [Line Items]          
Term loan borrowing amount [1]       $ 600,000  
Interest rate   6.10%      
Maturity date   Apr. 12, 2034      
Payments of Debt Issuance Costs   $ 6,100      
Senior Notes | 1.25% Senior Notes due 2024          
Line of Credit Facility [Line Items]          
Term loan borrowing amount     $ 700,000    
Interest rate     1.25%    
Maturity date     Aug. 09, 2024    
Senior Notes | Senior Notes due 2035          
Line of Credit Facility [Line Items]          
Interest rate 5.30%        
Maturity date Oct. 10, 2035        
Debt issuance cost $ 5,400        
Senior Notes | Senior Notes due 2029          
Line of Credit Facility [Line Items]          
Interest rate 4.30%        
Maturity date Jan. 17, 2029        
Debt issuance cost $ 3,300        
[1] The Company pays interest semi-annually on each of these series of Senior Notes.
v3.25.4
Borrowings - TD SYNNEX Senior Notes (Details) - USD ($)
$ in Thousands
Oct. 10, 2025
Apr. 12, 2024
Aug. 09, 2021
Nov. 30, 2025
Nov. 30, 2024
Line of Credit Facility [Line Items]          
Long-term borrowings, before unamortized debt discount and issuance costs       $ 3,614,562 $ 3,756,206
Senior Notes due 2026 | Senior Notes          
Line of Credit Facility [Line Items]          
Spread (in basis points)     0.20%    
Senior Notes due 2028 | Senior Notes          
Line of Credit Facility [Line Items]          
Spread (in basis points)     0.25%    
Senior Notes due 2031 | Senior Notes          
Line of Credit Facility [Line Items]          
Spread (in basis points)     0.25%    
Senior Notes due 2034 | Senior Notes          
Line of Credit Facility [Line Items]          
Spread (in basis points)   0.30%      
Senior Notes due 2029 | Senior Notes          
Line of Credit Facility [Line Items]          
Spread (in basis points) 0.15%        
Senior Notes due 2035 | Senior Notes          
Line of Credit Facility [Line Items]          
Spread (in basis points) 0.20%        
Maximum | Senior Notes due 2026 | Senior Notes          
Line of Credit Facility [Line Items]          
Par Call Date     Jul. 09, 2026    
Maximum | Senior Notes due 2028 | Senior Notes          
Line of Credit Facility [Line Items]          
Par Call Date     Jun. 09, 2028    
Maximum | Senior Notes due 2031 | Senior Notes          
Line of Credit Facility [Line Items]          
Par Call Date     May 09, 2031    
Maximum | Senior Notes due 2034 | Senior Notes          
Line of Credit Facility [Line Items]          
Par Call Date   Jan. 12, 2034      
Maximum | Senior Notes due 2029 | Senior Notes          
Line of Credit Facility [Line Items]          
Par Call Date Dec. 17, 2028        
Maximum | Senior Notes due 2035 | Senior Notes          
Line of Credit Facility [Line Items]          
Par Call Date Jul. 10, 2035        
v3.25.4
Borrowings - Other Short-Term Borrowings (Narrative) (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Debt Instrument [Line Items]    
Borrowings, current $ 1,018,321 $ 171,092
Line of Credit | Other Entities    
Debt Instrument [Line Items]    
Outstanding lines of credit facilities 676,600  
Borrowings, current $ 171,100  
Debt weighted average interest rate 5.72% 7.91%
Line of Credit | Other Entities | Standby Letters of Credit    
Debt Instrument [Line Items]    
Obligation payment aggregate outstanding amount $ 68,000  
Line of Credit | TD SYNNEX Plan    
Debt Instrument [Line Items]    
Borrowings, current $ 319,260 $ 171,092
v3.25.4
Borrowings - Schedule of Future Principal Payments (Details)
$ in Thousands
Nov. 30, 2025
USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]  
2026 $ 1,019,260
2027 764,562
2028 600,000
2029 550,000
2030 0
Thereafter 1,700,000
Total $ 4,633,822
v3.25.4
Supplier Finance Programs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Payables and Accruals [Abstract]    
Supplier finance obligation $ 3,713,212 $ 3,173,906
Supplier Finance Program, Obligation [Roll Forward]    
Supplier Finance Program, Obligation, Beginning Balance 3,173,906  
Invoices confirmed during the period 13,772,414  
Confirmed invoices paid during the period (13,423,916)  
Foreign currency exchange translation 190,808  
Supplier Finance Program, Obligation, Ending Balance $ 3,713,212  
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration] Accounts payable Accounts payable
v3.25.4
Segment Information - Summary of Financial Information Related to Company's Reportable Business Segments (Details)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
USD ($)
segment
Nov. 30, 2024
USD ($)
Nov. 30, 2023
USD ($)
Segment Reporting Information [Line Items]      
Number of reportable segments | segment 3    
Number of operating segments | segment 3    
Revenue $ 62,508,086 $ 58,452,436 $ 57,555,416
Cost of Revenue (58,139,104) (54,471,130) (53,598,587)
Gross Profit 4,368,982 3,981,306 3,956,829
Payroll and payroll related expenses (1,833,414) (1,675,823) (1,645,267)
Depreciation (100,307) (95,870) (97,461)
Amortization expense (296,258) (292,304) (293,737)
Acquisition, integration and restructuring costs (7,180) (71,314) (206,235)
Share-based compensation expense (66,428) (69,201) (49,273)
Other segment items (650,476) (582,583) (586,824)
Operating income 1,414,919 1,194,211 1,078,032
Interest Expense, Nonoperating (356,608) (319,458) (288,318)
Other expense, net (1,057) (8,718) (206)
Income before income taxes 1,057,254 866,035 789,508
Purchases of property, plant and equipment (110,130) (125,075) (94,534)
Total assets 34,250,898 30,274,479  
Depreciation recorded within cost of revenue 17,700 13,900 9,800
Accelerated depreciation recorded within acquisition, integration and restructuring costs   5,500 17,400
Americas | Americas      
Segment Reporting Information [Line Items]      
Revenue 36,176,520 34,791,848 34,573,859
Cost of Revenue (33,569,644) (32,428,806) (32,186,592)
Gross Profit 2,606,876 2,363,042 2,387,267
Payroll and payroll related expenses (988,291) (921,300) (909,285)
Depreciation (60,417) (57,242) (63,069)
Amortization expense (164,167) (165,860) (169,569)
Acquisition, integration and restructuring costs (4,322) (53,245) (165,845)
Share-based compensation expense (43,445) (45,107) (35,955)
Other segment items (340,840) (302,740) (306,939)
Operating income 1,005,394 817,548 736,605
Purchases of property, plant and equipment (76,422) (99,238) (68,667)
Total assets 18,426,557 16,842,254  
Europe | Europe      
Segment Reporting Information [Line Items]      
Revenue 21,694,750 19,634,156 19,422,297
Cost of Revenue (20,257,031) (18,318,369) (18,133,330)
Gross Profit 1,437,719 1,315,787 1,288,967
Payroll and payroll related expenses (705,725) (632,823) (624,043)
Depreciation (34,478) (33,252) (29,354)
Amortization expense (128,754) (123,567) (121,680)
Acquisition, integration and restructuring costs (2,112) (16,831) (37,091)
Share-based compensation expense (19,056) (20,318) (11,255)
Other segment items (247,779) (225,083) (229,067)
Operating income 299,815 263,913 236,477
Purchases of property, plant and equipment (24,647) (20,832) (21,027)
Total assets 13,196,300 11,259,735  
APJ | APJ      
Segment Reporting Information [Line Items]      
Revenue 4,636,816 4,026,432 3,559,260
Cost of Revenue (4,312,429) (3,723,955) (3,278,665)
Gross Profit 324,387 302,477 280,595
Payroll and payroll related expenses (139,398) (121,700) (111,939)
Depreciation (5,412) (5,376) (5,038)
Amortization expense (3,337) (2,877) (2,488)
Acquisition, integration and restructuring costs (746) (1,238) (3,299)
Share-based compensation expense (3,927) (3,776) (2,063)
Other segment items (61,857) (54,760) (50,818)
Operating income 109,710 112,750 104,950
Purchases of property, plant and equipment (9,061) (5,005) $ (4,840)
Total assets $ 2,628,041 $ 2,172,490  
v3.25.4
Segment Information - Summary of Revenue and Property and Equipment, Net (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Revenues From External Customers And Long Lived Assets [Line Items]      
Revenue $ 62,508,086 $ 58,452,436 $ 57,555,416
Property and equipment, net 388,215 342,492  
Geographic Concentration Risk | United States | Revenue      
Revenues From External Customers And Long Lived Assets [Line Items]      
Revenue 32,282,195 31,075,984 30,418,425
Geographic Concentration Risk | United States | Long-lived assets:      
Revenues From External Customers And Long Lived Assets [Line Items]      
Property and equipment, net 251,562 225,885  
Geographic Concentration Risk | France | Long-lived assets:      
Revenues From External Customers And Long Lived Assets [Line Items]      
Property and equipment, net 46,752 42,254  
Geographic Concentration Risk | Others | Revenue      
Revenues From External Customers And Long Lived Assets [Line Items]      
Revenue 30,225,891 27,376,452 $ 27,136,991
Geographic Concentration Risk | Others | Long-lived assets:      
Revenues From External Customers And Long Lived Assets [Line Items]      
Property and equipment, net $ 89,901 $ 74,353  
v3.25.4
Employee Benefit Plans - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Retirement Benefits [Abstract]      
Employer contribution to defined contribution plan $ 17,600 $ 17,000 $ 17,300
v3.25.4
Leases - Additional Information (Details)
 12 Months Ended
Nov. 30, 2025
Leases [Abstract]  
Lease maturity period 2039
v3.25.4
Leases - Schedule of Various Components of Lease Costs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Leases [Abstract]      
Operating lease cost $ 116,025 $ 108,898 $ 109,789
Short-term and variable lease cost 23,760 28,672 26,022
Sublease income (1,354) (606) (950)
Total operating lease cost $ 138,431 $ 136,964 $ 134,861
v3.25.4
Leases - Schedule of Maturity Analysis of Expected Undiscounted Cash Flows for Operating Leases on an Annual Basis (Details)
$ in Thousands
Nov. 30, 2025
USD ($)
Leases [Abstract]  
2026 $ 111,443
2027 93,598
2028 77,732
2029 63,196
2030 49,133
Thereafter 173,112
Total payments 568,214
Less: imputed interest (96,683) [1]
Total present value of lease payments $ 471,531
[1] Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.
v3.25.4
Leases - Schedule of Amounts Recorded in Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Leases [Abstract]    
Operating lease ROU assets $ 441,344 $ 471,889
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Other assets, net Other assets, net
Current operating lease liabilities $ 109,251 $ 103,789
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Other accrued liabilities Other accrued liabilities
Non-current operating lease liabilities $ 362,280 $ 390,708
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Other long-term liabilities Other long-term liabilities
v3.25.4
Leases - Schedule of Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Leases [Abstract]      
Cash paid for amounts included in the measurement of lease liabilities $ 111,425 $ 103,803 $ 108,880
Non-cash ROU assets obtained in exchange for lease liabilities $ 47,378 $ 111,123 $ 128,953
v3.25.4
Leases - Schedule of Weighted-Average Remaining Lease Term and Discount Rate (Details)
Nov. 30, 2025
Nov. 30, 2024
Leases [Abstract]    
Weighted-average remaining lease term (years) 7 years 1 month 20 days 7 years 8 months 8 days
Weighted-average discount rate 5.09% 4.86%
v3.25.4
Income Taxes - Schedule of Pretax Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]      
United States $ 557,284 $ 263,321 $ 283,233
Foreign 499,970 602,714 506,275
Income before income taxes $ 1,057,254 $ 866,035 $ 789,508
v3.25.4
Income Taxes - Schedule of Provisions for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Current tax provision:      
Federal $ 91,572 $ 12,163 $ 78,239
State 38,365 24,501 40,436
Foreign 146,466 169,093 135,494
Current tax provision 276,403 205,757 254,169
Deferred tax provision (benefit):      
Federal (36,748) 18,006 (30,499)
State (2,052) (12,836) (24,771)
Foreign (8,009) (33,983) (36,302)
Deferred tax provision (benefit) (46,809) (28,813) (91,572)
Total tax provision $ 229,594 $ 176,944 $ 162,597
v3.25.4
Income Taxes - Schedules of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
Deferred Tax Assets and Liabilities [Abstract]    
Deferred tax assets $ 33,193 $ 36,059
Deferred tax liabilities (799,518) (812,763)
Total net deferred tax assets (liabilities) (766,325) (776,704)
Assets:    
Loss carryforwards 80,110 87,043
Lease liabilities 108,092 110,166
Accrued liabilities 76,633 118,272
Foreign tax credit carryforwards 5,484 36,290
Disallowed interest expense 26,267 21,976
Allowance for doubtful accounts and sales return reserves 17,397 19,713
Capitalized inventory costs 15,337 11,974
Unrealized losses on hedges 18,868 11,971
Acquisition and transaction related costs 12,483 5,255
Share-based compensation expense 12,326 15,575
Deferred revenue 45,809 12,129
Long-lived assets 2,139 4,665
Other, net 6,995 3,251
Total deferred tax assets gross 427,940 458,280
Less: valuation allowance (67,713) (80,640)
Total deferred tax assets 360,227 377,640
Liabilities:    
Long-lived assets (992,783) (1,017,777)
Lease right-of-use assets (102,964) (106,821)
Deferred costs (9,752) (12,279)
Deferred taxes on unremitted earnings (15,000) (5,116)
Other, net (6,053) (12,351)
Total deferred tax liabilities (1,126,552) (1,154,344)
Net deferred tax liability $ 766,325 $ 776,704
v3.25.4
Income Taxes - Additional Information (Details)
$ in Thousands
 12 Months Ended
Dec. 01, 2020
Nov. 30, 2025
USD ($)
Nov. 30, 2024
USD ($)
Nov. 30, 2023
USD ($)
Income Tax [Line Items]        
Change in the deferred tax valuation allowances   $ 12,900    
Operating loss carryforwards   233,300    
Foreign tax credit carryforwards   5,484 $ 36,290  
Income tax expense (benefit)   229,594 $ 176,944 $ 162,597
Undistributed earnings of its non-U.S. subsidiaries   1,300,000    
Unrecognized tax benefits that would affect effective tax rate if realized   $ 17,100    
Spinoff | Concentrix        
Income Tax [Line Items]        
Stockholders of parent received share of common stock for every share converted 1      
Foreign Tax Authority        
Income Tax [Line Items]        
Income tax holidays begin to expire in period   2025    
State and Local Jurisdiction        
Income Tax [Line Items]        
Operating loss carryforwards   $ 21,200    
v3.25.4
Income Taxes - Schedule of Reconciliation of Statutory U.S. Federal Income Tax Rate to Company's Effective Income Tax Rate (Details)
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
United States federal statutory income tax rate 21.00% 21.00% 21.00%
State income taxes, net of federal income tax benefit 2.80% 1.00% 1.10%
Global intangible low taxed income 0.30% 0.40% 0.70%
Tax on foreign earnings different than US federal rate (0.40%) (2.50%) (3.00%)
Net changes in deferred tax valuation allowances (0.80%) (1.40%) (0.20%)
Foreign-derived intangible income (1.60%) (0.70%) (0.50%)
Interest not subject to tax, net (0.60%) 0.10% 0.10%
Foreign withholding taxes 0.80% 2.40% 0.60%
Net changes in reserves for uncertain tax positions 0.10% (0.30%) 0.00%
Stock compensation related to Tech Data equity awards 0.00% 0.00% 0.90%
Other, net 0.10% 0.40% (0.10%)
Effective income tax rate 21.70% 20.40% 20.60%
v3.25.4
Income Taxes - Summary of Aggregate Changes in Balances of Gross Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Gross unrecognized tax benefits at beginning of period $ 16,797 $ 18,940 $ 20,695
Increases in tax positions for prior years and acquisitions 812 1,068 859
Decreases in tax positions for prior years (632) (1,219) (3,093)
Increases in tax positions for current year 1,265 1,390 3,101
Expiration of statutes of limitation (1,592) (3,167) (2,874)
Settlements 0 0 0
Changes due to translation of foreign currencies 427   252
Changes due to translation of foreign currencies   (215)  
Gross unrecognized tax benefits at end of period $ 17,077 $ 16,797 $ 18,940
v3.25.4
Commitments and Contingencies - Additional Information (Details) - EUR (€)
€ in Millions
Nov. 30, 2025
Oct. 06, 2022
Tech Data Corporation    
Loss Contingencies [Line Items]    
Loss contingency fine imposed € 76.1 € 24.9
v3.25.4
Schedule II-Valuation and Qualifying Accounts (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Allowance for sales returns-gross      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balances at Beginning of Fiscal Year $ 175,960 $ 170,035 $ 205,825
Additions/Deductions Charged to Revenue and Expense, net 15,197 35,468 21,342
Additions and Measurement Period Adjustments Related to Acquisitions 0 0 0
Deductions, Reclassifications and Write-offs (22,358) (29,543) (57,132)
Balances at End of Fiscal Year 168,799 175,960 170,035
Allowance for deferred tax assets      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balances at Beginning of Fiscal Year 80,640 92,371 102,891
Additions/Deductions Charged to Revenue and Expense, net (15,684) (15,701) (933)
Additions and Measurement Period Adjustments Related to Acquisitions 0 5,545 0
Deductions, Reclassifications and Write-offs 2,757 (1,575) (9,587)
Balances at End of Fiscal Year $ 67,713 $ 80,640 $ 92,371