Dell Technologies Inc. (DELL) — Financial statements
Income statement, balance sheet, and cash flow for Dell Technologies Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 113,538↑18.8% | 95,567↑8.1% | 88,425↓13.6% | 102,301↑1.1% | 101,197 | |
| Cost of Revenue | 90,831↑22.2% | 74,317↑10.3% | 67,356↓15.4% | 79,615↑0.4% | 79,306 | |
| Gross Profit | 22,707↑6.9% | 21,250↑0.9% | 21,069↓7.1% | 22,686↑3.6% | 21,891 | |
| Operating Expenses | ||||||
| R&D Expenses | 3,142↑2.6% | 3,061↑9.3% | 2,801↑0.8% | 2,779↑7.8% | 2,577 | |
| General & Administrative Expenses | 0.00 | 0.00↓100.0% | 11,435↓9.8% | 12,673↓4.4% | 13,257 | |
| Selling & Marketing Expenses | 0.00 | 0.00↓100.0% | 900↓18.2% | 1,100↓15.4% | 1,300 | |
| SG&A Expenses | 11,119↓7.0% | 11,952↓3.1% | 12,335↓10.4% | 13,773↓5.4% | 14,557 | |
| Other Expenses | 0.00 | 0.00↓100.0% | 522↑43.8% | 363↑270.4% | 98 | |
| Operating Expenses | 14,261↓5.0% | 15,013↓4.1% | 15,658↓7.4% | 16,915↓1.8% | 17,232 | |
| Total Costs & Expenses | 105,092↑17.6% | 89,330↑7.6% | 83,014↓14.0% | 96,530↓0.0% | 96,538 | |
| Operating Results | ||||||
| Operating Income | 8,446↑35.4% | 6,237↑15.3% | 5,411↓6.2% | 5,771↑23.9% | 4,659 | |
| Depreciation & Amortization | 3,029↓3.0% | 3,123↓5.4% | 3,303↑4.7% | 3,156↓30.7% | 4,551 | |
| EBITDA | 11,852↑23.7% | 9,585↑7.8% | 8,891↑16.0% | 7,662↓36.2% | 12,016 | |
| EBIT | 8,823↑36.5% | 6,462↑15.6% | 5,588↑24.0% | 4,506↓39.6% | 7,465 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,281↓2.2% | -1,254↓7.0% | -1,172↑0.8% | -1,181↑20.2% | -1,480 | |
| Interest Income | 279↑74.4% | 160↓51.4% | 329↑229.0% | 100↑61.3% | 62 | |
| Interest Expense | 1,560↑10.3% | 1,414↓5.8% | 1,501↑17.2% | 1,281↓16.9% | 1,542 | |
| Non-Operating Income | -377↓67.6% | -225↓27.1% | -177↓114.0% | 1,265↑145.1% | -2,806 | |
| Other Income / Expenses | -1,183↑0.5% | -1,189↑10.2% | -1,324↑48.0% | -2,546↓301.4% | 1,264 | |
| Income Before Tax | 7,263↑43.9% | 5,048↑23.5% | 4,087↑26.7% | 3,225↓45.6% | 5,923 | |
| Income Tax Expense | 1,327↑181.1% | 472↓34.0% | 715↓11.0% | 803↓18.1% | 981 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,936↑29.7% | 4,576↑35.7% | 3,372↑39.2% | 2,422↓51.0% | 4,942 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 615 | |
| Net Income | 5,936↑29.3% | 4,592↑35.5% | 3,388↑38.7% | 2,442↓56.1% | 5,563 | |
| Bottom-Line Net Income | 5,936↑29.3% | 4,592↑35.5% | 3,388↑38.7% | 2,442↓56.0% | 5,556 | |
| EPS (Basic) | 8.96↑37.6% | 6.51↑38.2% | 4.71↑41.4% | 3.33↓54.4% | 7.30 | |
| EPS (Diluted) | 8.68↑36.1% | 6.38↑38.7% | 4.60↑42.0% | 3.24↓53.8% | 7.02 | |
| Weighted Average Shares | 663↓4.8% | 696↓5.4% | 736↑0.3% | 734↓3.7% | 762 | |
| Weighted Average Diluted Shares | 684↓5.5% | 724↓1.6% | 736↓2.3% | 753↓4.8% | 791 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.