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TD Synnex vs Scansource: SNX and SCSC compared
TD Synnex is the larger company: $21.6B of revenue in its latest quarter (Q3 FY26) against $962M for Scansource (Q1 FY27). TD Synnex is growing faster (+38% against +30% a year earlier). TD Synnex is more profitable, with an operating margin of 3.0% against 1.3%.
Where the money goes: SNX and SCSC
TD Synnex (SNX) · Q3 FY26
TD Synnex, Q3 FY26: revenue $21.6B (+38% year over year), operating margin 3.0%, net earnings $416M, operating cash flow −$917M. The chart follows the revenue to costs, profit and cash.
Scansource (SCSC) · Q1 FY27
Scansource, Q1 FY27: revenue $962M (+30% year over year), operating margin 1.3%, net earnings $8.7M, operating cash flow −$42.3M. The chart follows the revenue to costs, profit and cash.
| TD Synnex (SNX) | Scansource (SCSC) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q1 FY27 |
| Revenue | $21.6B | $962M |
| Revenue growth, Y/Y | +38% | +30% |
| Gross margin | 6.6% | 12.2% |
| Operating margin | 3.0% | 1.3% |
| Net earnings | $416M | $8.7M |
| Net margin | 1.9% | 0.9% |
| Operating cash flow | −$917M | −$42.3M |
| Market value | $17.1B | $885M |
| P/E | 13.1× | 13.1× |
| Analysts’ mean target | $339.64 | $64.50 |
Where the revenue comes from
TD Synnex
- Americas distribution: $10.3B (48%)
- Europe distribution: $6.4B (30%)
- Hyve Solutions: $3.8B (18%)
- APJ distribution: $1.1B (5%)
Scansource
- Products and services: $920M (96%)
- Recurring revenue: $42.4M (4%)
Questions
Which is bigger, TD Synnex or Scansource?
TD Synnex is the larger company: $21.6B of revenue in its latest quarter (Q3 FY26) against $962M for Scansource (Q1 FY27).
Is TD Synnex or Scansource growing faster?
TD Synnex is growing faster (+38% against +30% a year earlier).
Which is more profitable, TD Synnex or Scansource?
TD Synnex is more profitable, with an operating margin of 3.0% against 1.3%.
More: TD Synnex earnings · how TD Synnex makes money · Scansource earnings · how Scansource makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 1, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.