Dell Technologies Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $113.54B | $95.57B | $88.40T | $102.30T | $101.60T | $94.22T | $92.15T | $90.62T |
| Infrastructure Solutions Group | — | — | $37.28T | $38.37T | $35.65T | $32.63T | $33.65T | $33.50T |
| Client Solutions Group | — | — | $49.17T | $63.95T | $65.72T | $48.35T | $45.76T | $43.96T |
| Cost of Revenue | $90.83B | $74.32B | $67.36B | $79.62B | $79.31B | $66.53B | $64.18B | $65.57B |
| Gross Profit | $22.71B | $21.25B | $21.07B | $22.69B | $21.89B | $20.14B | $20.64B | $25.05B |
| Gross Margin | 20.0% | 22.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | ||||||||
| Research & Development | $3.14B | $3.06B | $2.80B | $2.78B | $2.58B | $2.46B | $2.45B | $4.60B |
| SG&A Expense | $11.42B | $11.95B | $12.86B | $14.14B | $14.66B | $14.00B | $15.82B | $20.64B |
| Operating Income | $8.15B | $6.24B | $5.41B | $5.77B | $4.66B | $3.69B | $2.37B | $-191.0M |
| Operating Margin | 7.2% | 6.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Interest Expense | — | — | $1.50B | $1.22B | $1.54B | $2.05B | $2.33B | $2.49B |
| Pretax Income | $7.26B | $5.05B | $4.09B | $3.23B | $5.92B | $2.35B | $-51.0M | $-2.36B |
| Income Tax Expense | $1.33B | $472.0M | $715.0M | $803.0M | $981.0M | $101.0M | $-572.0M | $-180.0M |
| Net Income | $5.94B | $4.59B | $3.39B | $2.44B | $5.56B | $3.25B | $4.62B | $-2.31B |
| Net Margin | 5.2% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| EPS (Basic) | $8.79 | $6.51 | $4.71 | $3.33 | $6.49 | $4.37 | $6.38 | — |
| EPS (Diluted) | $8.68 | $6.38 | $4.60 | $3.24 | $6.26 | $4.22 | $6.03 | — |
| Shares Outstanding (Basic) | 675.0M | 705.0M | 720.0M | 734.0M | 762.0M | 744.0M | 724.0M | 719.0M |
| Shares Outstanding (Diluted) | 684.0M | 720.0M | 736.0M | 753.0M | 791.0M | 767.0M | 751.0M | 719.0M |
| Dividends Per Share | $2.10 | $1.78 | $1.48 | $1.32 | — | — | — | — |