v3.26.3
Segment Information (Tables)
 9 Months Ended
Aug. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
Summarized financial information related to the Company’s reportable business segments for the periods presented is shown below. Segment information for total assets and capital expenditures is not presented given that such information is not used in measuring segment performance or allocating resources between segments.
Americas
distribution		Europe
distribution		APJ
distribution		Hyve
Solutions		Consolidated
Three Months ended August 31, 2026
Revenue$10,319,406 $6,366,004 $1,071,038 $3,801,958 $21,558,406 
Less(1):
Cost of revenue(9,661,599)(5,951,347)(993,790)(3,526,256)(20,132,992)
Gross profit$657,807 $414,657 $77,248 $275,702 $1,425,414 
Less(1):
Payroll and payroll related expenses(2)
$(251,633)$(192,006)$(37,203)$(15,283)$(496,125)
Depreciation(3)
(15,472)(8,894)(1,246)(779)(26,391)
Amortization of intangibles(41,145)(33,073)(972)— (75,190)
Acquisition, integration and restructuring costs(1,476)(508)(117)— (2,101)
Share-based compensation expense(7,522)(4,296)(911)(3,522)(16,251)
      Other segment items(4)
(85,143)(58,430)(16,217)(6,687)(166,477)
Operating income$255,416 $117,450 $20,582 $249,431 $642,879 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(120,518)
Other income, net32,889 
Income before income taxes$555,250 
Americas
distribution
Europe
distribution
APJ
distribution
Hyve
Solutions
Consolidated
Three Months ended August 31, 2025
Revenue$7,376,484 $4,888,624 $880,360 $2,505,456 $15,650,924 
Less(1):
Cost of revenue(6,817,898)(4,573,078)(812,216)(2,317,879)(14,521,071)
Gross profit$558,586 $315,546 $68,144 $187,577 $1,129,853 
Less(1):
Payroll and payroll related expenses(2)
$(248,642)$(175,970)$(36,136)$(12,012)$(472,760)
Depreciation(3)
(14,192)(8,920)(1,279)(687)(25,078)
Amortization of intangibles(42,429)(33,299)(813)— (76,541)
Acquisition, integration and restructuring costs(1,526)(375)(403)— (2,304)
Share-based compensation expense(7,718)(3,239)(638)(832)(12,427)
      Other segment items(4)
(71,346)(58,865)(14,305)(12,570)(157,086)
Operating income$172,733 $34,878 $14,570 $161,476 $383,657 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(91,188)
Other expense, net792 
Income before income taxes$293,261 
Americas
distribution
Europe
distribution
APJ
distribution
Hyve
Solutions
Consolidated
Nine Months ended August 31, 2026
Revenue$27,638,175 $18,646,947 $3,090,778 $8,918,517 $58,294,417 
Less(1):
Cost of revenue(25,731,110)(17,426,896)(2,849,799)(8,269,591)(54,277,396)
Gross profit$1,907,065 $1,220,051 $240,979 $648,926 $4,017,021 
Less(1):
Payroll and payroll related expenses(2)
$(743,760)$(600,202)$(108,999)$(34,907)$(1,487,868)
Depreciation(3)
(44,201)(25,614)(3,794)(2,241)(75,850)
Amortization of intangibles(123,550)(100,080)(2,926)— (226,556)
Acquisition, integration and restructuring costs(5,677)827 (251)— (5,101)
Share-based compensation expense(29,207)(16,025)(3,368)(9,171)(57,771)
      Other segment items(4)
(265,864)(181,492)(46,027)(18,891)(512,274)
Operating income$694,806 $297,465 $75,614 $583,716 $1,651,601 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(304,893)
Other income, net60,883 
Income before income taxes$1,407,591 
Americas
distribution
Europe
distribution
APJ
distribution
Hyve
Solutions
Consolidated
Nine Months Ended August 31, 2025
Revenue$21,933,582 $14,523,419 $2,444,387 $6,227,558 $45,128,946 
Less(1):
Cost of revenue(20,322,673)(13,570,254)(2,254,121)(5,807,666)(41,954,714)
Gross profit$1,610,909 $953,165 $190,266 $419,892 $3,174,232 
Less(1):
Payroll and payroll related expenses(2)
$(703,549)$(512,920)$(99,746)$(36,175)$(1,352,390)
Depreciation(3)
(42,908)(25,769)(3,794)(2,140)(74,611)
Amortization of intangibles(123,334)(95,476)(2,420)— (221,230)
Acquisition, integration and restructuring costs(1,908)(1,500)(622)— (4,030)
Share-based compensation expense(26,381)(13,039)(2,763)(4,055)(46,238)
      Other segment items(4)
(225,054)(168,774)(38,056)(27,594)(459,478)
Operating income$487,775 $135,687 $42,865 $349,928 $1,016,255 
Reconciliation to consolidated income before tax
Interest expense and finance charges, net(269,050)
Other expense, net(983)
Income before income taxes$746,222 
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(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 depreciation recorded within cost of revenue, which totaled $4.7 million and $4.2 million in the three months ended August 31, 2026 and 2025, respectively, and $13.8 million and $13.3 million in the nine months ended August 31, 2026 and 2025, respectively.
(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.