---
title: "Jabil: Business Model & Revenue Engine"
description: "Jabil revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/jabil/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Jabil: Business Model & Revenue Engine

## Direct Answer

Jabil reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Intelligent Infrastructure is the largest, with $12.3 billion of revenue (41% of the total), followed by Regulated Industries at $11.9 billion (40%). 25% of revenue came from the United States.

## How Does Jabil Make Money?

No single line supplies a majority of revenue: the largest, Intelligent Infrastructure, is 41%, which spreads Jabil's exposure across several demand drivers. Between fiscal 2024 and 2025, Intelligent Infrastructure grew fastest (+33.9%) and Connected Living and Digital Commerce slowest (-24.5%), so the revenue mix tilts toward Intelligent Infrastructure while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Intelligent Infrastructure | $12.3 billion | $9.2 billion | 41.3% | 33.9% |
| Regulated Industries | $11.9 billion | $12.3 billion | 39.9% | -3.1% |
| Connected Living and Digital Commerce | $5.6 billion | $7.4 billion | 18.8% | -24.5% |

![Bar chart of Jabil revenue by segment for fiscal 2025: Intelligent Infrastructure 41.3%, Regulated Industries 39.9%, Connected Living and Digital Commerce 18.8%.](https://www.getswoopr.com/images/charts/jabil-business-model-segment-mix.webp)
*Jabil revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Which Jabil Segments Earn the Most?

| Segment | FY2025 segment operating income | Segment margin |
| --- | --- | --- |
| Intelligent Infrastructure | $664 million | 5.4% |
| Regulated Industries | $643 million | 5.4% |
| Connected Living and Digital Commerce | $313 million | 5.6% |

Segment operating income is the profit measure Jabil reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within Jabil more safely than against another company.

## Where Does Jabil's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Other countries | $8.8 billion | $8.7 billion | 29.6% | 1.9% |
| United States | $7.4 billion | $5.0 billion | 25.0% | 47.5% |
| Mexico | $5.7 billion | $5.9 billion | 19.1% | -3.1% |
| China | $4.2 billion | $4.8 billion | 14.1% | -12.8% |
| Malaysia | $3.6 billion | Not reported | 12.2% | n/a |

## What the Segment Figures Do Not Show

The rows above add up to 100% of Jabil's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Jabil reported in the segment note and revenue disclosures of its Form 10-K filed October 17, 2025 (accession 0001628280-25-045293), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Jabil's business segments?

In its fiscal 2025 Form 10-K, Jabil reports revenue for Intelligent Infrastructure, Regulated Industries and Connected Living and Digital Commerce.

### Which part of Jabil brings in the most revenue?

Intelligent Infrastructure, with $12.3 billion of revenue in fiscal 2025, or 41% of the total.

### How much of Jabil's revenue comes from outside the United States?

75% in fiscal 2025, by the geographic breakdown Jabil reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: JABIL INC Form 10-K filed October 17, 2025](https://www.sec.gov/Archives/edgar/data/898293/000162828025045293/jbl-20250831.htm)
- [SEC EDGAR: JABIL INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=898293&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Jabil company dossier](https://www.getswoopr.com/stocks/companies/jabil/)
- [Jabil financial metrics](https://www.getswoopr.com/stocks/companies/jabil/metrics/)
- [Jabil financial risk indicators](https://www.getswoopr.com/stocks/companies/jabil/risks/)
- [Jabil peer comparison](https://www.getswoopr.com/stocks/companies/jabil/competitors/)
- [Jabil business model and revenue mix](https://www.getswoopr.com/stocks/companies/jabil/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).