Dell Technologies Inc. (DELL)

Dell Technologies Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 1, 2025	Jan 31, 2025	Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021
Revenue	101,451	95,567	88,425	102,301	101,197	86,670
Revenue Growth (YoY)	10.47%	8.08%	-13.56%	1.09%	16.76%	2.19%
Cost of Revenue	79,934	74,317	67,356	79,615	79,306	66,530
Gross Profit	21,517	21,250	21,069	22,686	21,891	20,140
Selling, General & Admin	11,493	11,952	12,857	14,136	14,655	14,000
Research & Development	3,111	3,061	2,801	2,779	2,577	2,455
Total Operating Expenses	14,604	15,013	15,658	16,915	17,232	16,455
Operating Income	6,913	6,237	5,411	5,771	4,659	3,685
Total Non-Operating Income (Expense)	-878	-1,189	-1,324	-2,546	1,264	-1,339
Pretax Income	6,035	5,048	4,087	3,225	5,923	2,346
Provision for Income Taxes	1,126	472	715	803	981	101
Net Income	4,915	4,592	3,388	2,442	5,563	3,250
Minority Interest in Earnings	-6	-16	-16	-20	144	255
Earnings From Discontinued Operations	-	-	-	-	765	1,260
Net Income to Common	4,915	4,592	3,388	2,442	5,563	3,250
Net Income Growth	16.28%	35.54%	38.74%	-56.10%	71.17%	-29.59%
Shares Outstanding (Basic)	694	705	720	734	762	744
Shares Outstanding (Diluted)	705	720	736	753	791	767
Shares Change (YoY)	-3.49%	-2.17%	-2.26%	-4.80%	3.13%	2.13%
EPS (Basic)	7.07	6.51	4.71	3.33	6.49	3.02
EPS (Diluted)	6.96	6.38	4.60	3.24	6.26	2.93
EPS Growth	20.41%	38.70%	41.98%	-48.24%	113.65%	318.57%
Free Cash Flow	4,860	1,869	5,920	562	7,511	9,325
Free Cash Flow Growth	160.03%	-68.43%	953.38%	-92.52%	-19.45%	38.87%
Free Cash Flow Per Share	6.90	2.60	8.04	0.75	9.50	12.16
Dividends Per Share	1.940	1.780	1.480	1.320	-	-
Dividend Growth	8.99%	20.27%	12.12%	-	-	-
Gross Margin	21.21%	22.24%	23.83%	22.18%	21.63%	23.24%
Operating Margin	6.81%	6.53%	6.12%	5.64%	4.60%	4.25%
Profit Margin	4.84%	4.79%	3.81%	2.37%	4.88%	4.04%
FCF Margin	4.79%	1.96%	6.69%	0.55%	7.42%	10.76%
EBITDA	9,952	9,360	8,714	8,927	9,210	9,075
EBITDA Margin	9.81%	9.79%	9.85%	8.73%	9.10%	10.47%
EBIT	6,913	6,237	5,411	5,771	4,659	3,685
EBIT Margin	6.81%	6.53%	6.12%	5.64%	4.60%	4.25%
Effective Tax Rate	18.66%	9.35%	17.49%	24.90%	16.56%	4.31%

Updated Aug 1, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q