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	74,317	67,356	79,615	79,306
Gross Profit	22,707	21,250	21,069	22,686	21,891
Selling, General & Admin	11,416	11,952	12,857	14,136	14,655
Research & Development	3,142	3,061	2,801	2,779	2,577
Total Operating Expenses	14,558	15,013	15,658	16,915	17,232
Operating Income	8,149	6,237	5,411	5,771	4,659
Total Non-Operating Income (Expense)	-886	-1,189	-1,324	-2,546	1,264
Pretax Income	7,263	5,048	4,087	3,225	5,923
Provision for Income Taxes	1,327	472	715	803	981
Net Income	5,936	4,592	3,388	2,442	5,563
Minority Interest in Earnings	-	-16	-16	-20	144
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)	675	705	720	734	762
Shares Outstanding (Diluted)	684	720	736	753	791
Shares Change (YoY)	-5.00%	-2.17%	-2.26%	-4.80%	3.13%
EPS (Basic)	8.79	6.51	4.71	3.33	6.49
EPS (Diluted)	8.68	6.38	4.60	3.24	6.26
EPS Growth	36.05%	38.70%	41.98%	-48.24%	113.65%
Shares Outstanding	652	696	705	716	757
Free Cash Flow	8,552	1,869	5,920	562	7,511
Free Cash Flow Growth	357.57%	-68.43%	953.38%	-92.52%	-19.45%
Free Cash Flow Per Share	12.50	2.60	8.04	0.75	9.50
Dividends Per Share	2.100	1.780	1.480	1.320	-
Dividend Growth	17.98%	20.27%	12.12%	-	-
Gross Margin	20.00%	22.24%	23.83%	22.18%	21.63%
Operating Margin	7.18%	6.53%	6.12%	5.64%	4.60%
Profit Margin	5.23%	4.79%	3.81%	2.37%	4.88%
FCF Margin	7.53%	1.96%	6.69%	0.55%	7.42%
EBITDA	11,178	9,360	8,714	8,927	9,210
EBITDA Margin	9.85%	9.79%	9.85%	8.73%	9.10%
EBIT	8,149	6,237	5,411	5,771	4,659
EBIT Margin	7.18%	6.53%	6.12%	5.64%	4.60%
Effective Tax Rate	18.27%	9.35%	17.49%	24.90%	16.56%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q