Financials in USD. Standardized financial statements.
A compact view of how Dell Technologies Inc. turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $113.54B | $95.57B | $88.42B | $102.30B | $101.20B | $86.67B | $84.81B | $90.62B | $79.04B | $62.16B |
| Revenue Growth? | +18.8% | +8.1% | -13.6% | +1.1% | +16.8% | +2.2% | -6.4% | +14.7% | +27.1% | 0.0% |
| Cost of Revenue? | $90.83B | $74.32B | $67.36B | $79.61B | $79.31B | $66.53B | $64.18B | $65.57B | $58.50B | $48.52B |
| Gross Profit? | $22.71B | $21.25B | $21.07B | $22.69B | $21.89B | $20.14B | $20.64B | $25.05B | $20.54B | $13.65B |
| Gross Margin? | +20.0% | +22.2% | +23.8% | +22.2% | +21.6% | +23.2% | +24.3% | +27.6% | +26.0% | +22.0% |
| Operating Expenses? | $14.26B | $15.01B | $15.66B | $16.91B | $17.23B | $16.45B | $18.27B | $25.24B | $22.95B | $16.04B |
| Operating Income? | $8.45B | $6.24B | $5.41B | $5.77B | $4.66B | $3.69B | $2.37B | -$191.00M | -$2.42B | -$2.39B |
| EBITDA? | $11.85B | $9.59B | $8.89B | $7.66B | $12.02B | $9.79B | $8.49B | $8.00B | $6.38B | $2.59B |
| Income Before Tax | $7.26B | $5.05B | $4.09B | $3.23B | $5.92B | $2.35B | -$51.00M | -$2.36B | -$4.77B | -$4.49B |
| Income Tax Expense | $1.33B | $472.00M | $715.00M | $803.00M | $981.00M | $101.00M | -$572.00M | -$180.00M | -$1.84B | -$1.42B |
| Net Income? | $5.94B | $4.59B | $3.39B | $2.44B | $5.56B | $3.25B | $4.62B | -$2.31B | -$2.85B | -$1.17B |
| EPS? | $8.96 | $6.51 | $4.71 | $3.33 | $7.30 | $4.37 | $6.38 | $-2.96 | $-3.70 | $-1.62 |
| Diluted EPS? | $8.68 | $6.38 | $4.60 | $3.24 | $7.02 | $4.22 | $6.03 | $-2.96 | $-3.70 | $-1.62 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality