Dell Technologies Income Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 30, 2026	Jan '25 Jan 31, 2025	Feb '24 Feb 2, 2024	Feb '23 Feb 3, 2023	Jan '22 Jan 28, 2022
Revenue	113,538	95,567	88,425	102,301	101,197
Revenue Growth (YoY)	18.80%	8.08%	-13.56%	1.09%	16.76%
Cost of Revenue	90,831	74,162	67,270	79,507	79,277
Gross Profit	22,707	21,405	21,155	22,794	21,920
Selling, General & Admin	11,416	11,533	12,335	13,773	14,557
Research & Development	3,142	2,942	2,761	2,723	2,570
Operating Expenses	14,558	14,475	15,096	16,496	17,127
Operating Income	8,149	6,930	6,059	6,298	4,793
Interest Expense	-886	-1,394	-1,501	-1,222	-1,542
Interest & Investment Income	-	160	305	100	42
Currency Exchange Gain (Loss)	-	-112	-199	-265	-221
Other Non Operating Income (Expenses)	-	-20	24	-59	20
EBT Excluding Unusual Items	7,263	5,564	4,688	4,852	3,092
Merger & Restructuring Charges	-	-693	-648	-527	-134
Gain (Loss) on Sale of Investments	-	177	47	-206	569
Gain (Loss) on Sale of Assets	-	-	-	-	3,968
Legal Settlements	-	-	-	-894	-
Other Unusual Items	-	-	-	-	-1,572
Pretax Income	7,263	5,048	4,087	3,225	5,923
Income Tax Expense	1,327	472	715	803	981
Earnings From Continuing Operations	5,936	4,576	3,372	2,422	4,942
Earnings From Discontinued Operations	-	-	-	-	615
Net Income to Company	5,936	4,576	3,372	2,422	5,557
Minority Interest in Earnings	-	16	16	20	6
Net Income	5,936	4,592	3,388	2,442	5,563
Net Income to Common	5,936	4,592	3,388	2,442	5,563
Net Income Growth	29.27%	35.54%	38.74%	-56.10%	71.17%
Shares Outstanding (Basic)	684	705	720	734	762
Shares Outstanding (Diluted)	684	720	736	753	791
Shares Change (YoY)	-5.02%	-2.17%	-2.26%	-4.80%	3.13%
EPS (Basic)	8.68	6.51	4.71	3.33	7.30
EPS (Diluted)	8.68	6.38	4.60	3.24	7.02
EPS Growth	36.05%	38.70%	41.98%	-53.87%	66.43%
Free Cash Flow	8,552	1,869	5,920	562	7,511
Free Cash Flow Per Share	12.51	2.60	8.04	0.75	9.50
Dividend Per Share	2.100	1.780	1.480	1.320	-
Dividend Growth	17.98%	20.27%	12.12%	-	-
Gross Margin	20.00%	22.40%	23.92%	22.28%	21.66%
Operating Margin	7.18%	7.25%	6.85%	6.16%	4.74%
Profit Margin	5.23%	4.81%	3.83%	2.39%	5.50%
Free Cash Flow Margin	7.53%	1.96%	6.69%	0.55%	7.42%
EBITDA	8,646	9,728	8,946	9,137	9,081
EBITDA Margin	7.61%	10.18%	10.12%	8.93%	8.97%
D&A For EBITDA	497	2,798	2,887	2,839	4,288
EBIT	8,149	6,930	6,059	6,298	4,793
EBIT Margin	7.18%	7.25%	6.85%	6.16%	4.74%
Effective Tax Rate	18.27%	9.35%	17.49%	24.90%	16.56%
Revenue as Reported	113,538	95,567	88,425	102,301	101,197
Advertising Expenses	-	800	900	1,100	1,300

Source: S&P Global Market Intelligence. Standard template. Financial Sources.