financial statements

The full income statement, balance sheet, and cash-flow statement for Dell Technologies Inc. (DELL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

See the live DELL chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2025	FY2025	FY2024	FY2022
Income Statement	as ofJan 30 ’26	as ofJan 31 ’25	as ofFeb 2 ’24	as ofFeb 3 ’23	as ofJan 28 ’22
Revenue	114B YoY+18.8%	95.6B YoY+8.1%	88.4B YoY-13.6%	102B YoY+1.1%	101B YoY+16.8%
	22.7B YoY+6.9%	21.3B YoY+0.9%	21.1B YoY-7.1%	22.7B YoY+3.6%	21.9B YoY+8.7%
Cost of revenue	90.8B YoY+22.2%	74.3B YoY+10.3%	67.4B YoY-15.4%	79.6B YoY+0.4%	79.3B YoY+19.2%
	14.6B YoY-3.0%	15.0B YoY-4.1%	15.7B YoY-7.4%	16.9B YoY-1.8%	17.2B YoY+4.7%
Research & development	3.14B YoY+2.6%	3.06B YoY+9.3%	2.80B YoY+0.8%	2.78B YoY+7.8%	2.58B YoY+5.0%
Selling, general & administrative	11.4B YoY-4.5%	12.0B YoY-7.0%	12.9B YoY-9.0%	14.1B YoY-3.5%	14.7B YoY+4.7%
Amortization of intangibles	500M YoY-28.6%	700M YoY-12.5%	800M YoY-20.0%	1.00B YoY-37.5%	1.60B YoY-23.8%
Provision for credit losses	—	—	—	—	32.0M YoY-30.4%
Operating income	8.15B YoY+30.7%	6.24B YoY+15.3%	5.41B YoY-6.2%	5.77B YoY+23.9%	4.66B YoY+26.4%
Interest expense	1.56B YoY+11.9%	1.39B YoY-7.1%	1.50B YoY+22.8%	1.22B YoY-20.8%	1.54B YoY-24.9%
Other non-operating income	23.0M YoY+215.0%	-20.0M YoY-183.3%	24.0M YoY+140.7%	-59.0M YoY-395.0%	20.0M YoY-80.2%
Pre-tax income	7.26B YoY+43.9%	5.05B YoY+23.5%	4.09B YoY+26.7%	3.23B YoY-45.6%	5.92B YoY+152.5%
Income tax	1.33B YoY+181.1%	472M YoY-34.0%	715M YoY-11.0%	803M YoY-18.1%	981M YoY+871.3%
	5.94B YoY+29.7%	4.58B YoY+35.7%	3.37B YoY+39.2%	2.42B YoY-57.6%	5.71B YoY+75.6%
Discontinued operations	—	—	0.00	0.00 YoY-100.0%	765M YoY-39.3%
Net income to non-controlling interest	0.00 YoY+100.0%	-16.0M YoY+0.0%	-16.0M YoY+20.0%	-20.0M YoY-113.9%	144M YoY-43.5%
Net income to common	5.94B YoY+29.3%	4.59B YoY+35.5%	3.39B YoY+38.7%	2.44B YoY-50.6%	4.95B
	$8.68 YoY+36.1%	$6.38 YoY+38.7%	$4.60 YoY+42.0%	$3.24	—
EPS (basic)	$8.79 YoY+35.0%	$6.51 YoY+38.2%	$4.71 YoY+41.4%	$3.33	—
Weighted-avg shares (basic)	675M YoY-4.3%	705M YoY-2.1%	720M YoY-1.9%	734M YoY-3.7%	762M YoY+2.4%
Weighted-avg shares (diluted)	684M YoY-5.0%	720M YoY-2.2%	736M YoY-2.3%	753M YoY-4.8%	791M YoY+3.1%
Dividends per share	$2.10 YoY+18.0%	$1.78 YoY+20.3%	$1.48 YoY+12.1%	$1.32	—
Balance Sheet	as ofJan 30 ’26	as ofJan 31 ’25	as ofFeb 2 ’24	as ofFeb 3 ’23	as ofJan 28 ’22
	57.6B YoY+59.0%	36.2B YoY+0.7%	36.0B YoY-15.0%	42.4B YoY-6.0%	45.0B YoY+3.4%
Cash & equivalents	11.5B YoY+217.3%	3.63B YoY-50.7%	7.37B YoY-14.4%	8.61B YoY-9.2%	9.48B YoY-0.3%
Short-term investments	0.00	0.00	0.00	0.00	0.00
Accounts receivable	17.6B YoY+70.8%	10.3B YoY+10.2%	9.34B YoY-25.1%	12.5B YoY-3.3%	12.9B YoY+20.3%
Inventory	10.4B YoY+55.4%	6.72B YoY+85.4%	3.62B YoY-24.2%	4.78B YoY-19.0%	5.90B YoY+73.3%
Prepaid expenses	552M YoY-2.1%	564M YoY-4.2%	589M YoY-8.1%	641M YoY-27.7%	886M YoY+22.9%
Other current assets	9.59B YoY-0.2%	9.61B YoY-12.7%	11.0B YoY+1.7%	10.8B YoY-6.1%	11.5B YoY+17.5%
	101B YoY+27.0%	79.7B YoY-2.9%	82.1B YoY-8.4%	89.6B YoY-3.4%	92.7B YoY-24.9%
Property, plant & equipment	6.68B YoY+5.4%	6.34B YoY-1.5%	6.43B YoY+3.6%	6.21B YoY+14.7%	5.42B YoY+12.0%
Operating lease right-of-use	640M YoY-3.0%	660M YoY-6.6%	707M YoY-2.5%	725M YoY-16.8%	871M YoY-22.3%
Goodwill	19.5B YoY+2.2%	19.1B YoY-2.9%	19.7B YoY+0.1%	19.7B YoY-0.5%	19.8B YoY-1.3%
Intangible assets	4.53B YoY-9.1%	4.99B YoY-12.5%	5.70B YoY-11.9%	6.47B YoY-13.3%	7.46B YoY-18.1%
Long-term investments	1.73B YoY+15.6%	1.50B YoY+13.7%	1.32B YoY-13.3%	1.52B YoY-17.5%	1.84B YoY+37.9%
Other non-current assets	5.38B YoY-4.8%	5.65B YoY-20.6%	7.12B YoY-2.7%	7.31B YoY+4.7%	6.99B YoY+3.7%
	63.3B YoY+36.0%	46.5B YoY-3.8%	48.4B YoY-6.4%	51.7B YoY-8.1%	56.2B YoY+3.9%
Accounts payable	33.6B YoY+61.4%	20.8B YoY+8.4%	19.2B YoY+3.4%	18.6B YoY-31.5%	27.1B YoY+25.8%
Accrued liabilities	8.31B YoY+26.0%	6.60B YoY-3.4%	6.83B YoY-23.1%	8.87B YoY+17.1%	7.58B YoY+5.7%
Deferred revenue	13.3B YoY-2.5%	13.7B YoY-10.7%	15.3B YoY-1.4%	15.5B YoY+9.0%	14.3B YoY+8.0%
Short-term & current debt	7.99B YoY+53.5%	5.20B YoY-25.5%	6.98B YoY+6.2%	6.57B YoY+12.9%	5.82B YoY-8.4%
Current lease liability	246M YoY+4.2%	236M YoY-6.7%	253M YoY-2.7%	260M YoY-9.4%	287M YoY-12.5%
	104B YoY+27.9%	81.1B YoY-3.7%	84.3B YoY-9.0%	92.6B YoY-1.8%	94.3B YoY-18.3%
Long-term debt	23.5B YoY+21.4%	19.4B YoY+1.8%	19.0B YoY-17.4%	23.0B YoY+8.9%	21.1B YoY-35.7%
Deferred revenue (non-current)	13.6B YoY+10.6%	12.3B YoY-11.1%	13.8B YoY-6.2%	14.7B YoY+10.8%	13.3B YoY+7.4%
Non-current lease liability	481M YoY-7.9%	522M YoY-9.4%	576M YoY-8.6%	630M YoY-12.5%	720M YoY-19.7%
Deferred tax liabilities	2.17B YoY+0.0%	2.17B YoY+0.0%	2.17B YoY+0.0%	2.17B YoY+0.0%	2.17B YoY+0.0%
Other non-current liabilities	3.38B YoY+14.5%	2.95B YoY-3.7%	3.06B YoY-4.9%	3.22B YoY-11.8%	3.65B YoY-6.9%
	-2.47B YoY-66.7%	-1.48B YoY+33.5%	-2.23B YoY+28.7%	-3.12B YoY-85.3%	-1.69B YoY-168.0%
Retained earnings	3.33B YoY+386.6%	-1.16B YoY+74.0%	-4.45B YoY+33.9%	-6.73B YoY+17.8%	-8.19B YoY+40.5%
Treasury stock	14.5B YoY+70.9%	8.50B YoY+44.1%	5.90B YoY+54.7%	3.81B YoY+295.5%	964M YoY+216.1%
Accumulated other comprehensive income	-719M YoY+23.4%	-939M YoY-17.4%	-800M YoY+20.1%	-1.00B YoY-132.3%	-431M YoY-37.3%
Non-controlling interest	0.00 YoY-100.0%	95.0M YoY+0.0%	95.0M YoY-2.1%	97.0M YoY-7.6%	105M YoY-97.9%
Total equity incl. non-controlling	-2.47B YoY-78.1%	-1.39B YoY+34.9%	-2.13B YoY+29.5%	-3.02B YoY-91.5%	-1.58B YoY-120.9%
Total liabilities & equity	101B YoY+27.0%	79.7B YoY-2.9%	82.1B YoY-8.4%	89.6B YoY-3.4%	92.7B YoY-24.9%
Common shares issued	844M YoY+1.2%	834M YoY+1.6%	821M YoY+2.9%	798M YoY+2.7%	777M YoY+2.1%
Common shares outstanding	652M YoY-6.3%	696M YoY-1.3%	705M YoY-1.5%	716M YoY-5.4%	757M YoY+0.5%
Shares outstanding (cover)	652M YoY-6.3%	696M YoY-1.3%	705M YoY-1.5%	716M YoY-5.4%	757M YoY+0.5%
Cash Flow	as ofJan 30 ’26	as ofJan 31 ’25	as ofFeb 2 ’24	as ofFeb 3 ’23	as ofJan 28 ’22
	11.2B YoY+147.4%	4.52B YoY-47.9%	8.68B YoY+143.4%	3.56B YoY-65.4%	10.3B YoY-9.6%
Depreciation & amortization	3.03B YoY-3.0%	3.12B YoY-5.4%	3.30B YoY+4.7%	3.16B YoY-30.7%	4.55B YoY-15.6%
Share-based compensation	723M YoY-7.9%	785M YoY-10.6%	878M YoY-5.7%	931M YoY-42.6%	1.62B YoY+0.8%
Deferred income taxes	-60.0M YoY+71.2%	-208M YoY-128.6%	-91.0M YoY+87.3%	-717M YoY-224.4%	-221M YoY-17.6%
Change in receivables	7.02B YoY+442.2%	1.29B YoY+143.5%	-2.98B YoY-2534.5%	-113M YoY-105.2%	2.19B YoY+453.8%
Change in inventory	3.99B YoY+13.4%	3.52B YoY+460.5%	-975M YoY-11.4%	-875M YoY-134.8%	2.51B YoY+934.6%
Change in payables	12.7B YoY+643.7%	1.70B YoY+442.0%	-498M YoY+94.2%	-8.55B YoY-248.8%	5.74B YoY+259.3%
	-2.06B YoY+7.2%	-2.21B YoY+20.4%	-2.78B YoY+8.0%	-3.02B YoY-331.5%	1.31B YoY+383.9%
Capital expenditure	2.63B YoY-0.7%	2.65B YoY-3.8%	2.76B YoY-8.2%	3.00B YoY+7.4%	2.80B YoY+34.3%
Acquisitions	84.0M	0.00 YoY-100.0%	126M YoY+80.0%	70.0M YoY+337.5%	16.0M YoY+100.7%
Purchases of investments	197M YoY+57.6%	125M YoY-27.3%	172M YoY+59.3%	108M YoY-73.9%	414M YoY+22.5%
Sales/maturities of investments	246M YoY-35.6%	382M YoY+69.0%	226M YoY+94.8%	116M YoY-77.4%	513M YoY+203.6%
Other investing activities	-80.0M YoY+55.6%	-180M YoY-300.0%	-45.0M YoY-9.8%	-41.0M YoY+33.9%	-62.0M YoY-121.4%
	-1.46B YoY+74.8%	-5.82B YoY+18.0%	-7.09B YoY-336.6%	-1.63B YoY+90.2%	-16.6B YoY-179.1%
Long-term debt issued	15.0B YoY+62.1%	9.26B YoY+19.1%	7.78B YoY-37.7%	12.5B YoY-38.9%	20.4B YoY+24.6%
Long-term debt repaid	8.52B YoY-19.4%	10.6B YoY-6.0%	11.2B YoY+14.5%	9.82B YoY-63.2%	26.7B YoY+27.7%
Common stock issued	5.00M YoY+400.0%	1.00M YoY-90.0%	10.0M	—	—
Common stock repurchased	6.01B YoY+132.4%	2.59B YoY+24.4%	2.08B YoY-27.9%	2.88B YoY+92.7%	1.50B YoY+520.7%
Dividends paid	1.46B YoY+14.4%	1.27B YoY+18.9%	1.07B YoY+11.2%	964M	0.00
Other financing activities	-88.0M YoY-37.5%	-64.0M YoY+41.3%	-109M YoY-179.5%	-39.0M YoY+97.4%	-1.51B YoY-461.1%
FX effect on cash	—	—	-186M YoY-78.8%	-104M YoY+1.9%	-106M YoY-394.4%
Net change in cash	—	—	-1.39B YoY-16.8%	-1.19B YoY+76.7%	-5.10B YoY-201.4%
Interest paid	1.35B YoY+3.8%	1.30B YoY-9.3%	1.44B YoY+23.0%	1.17B YoY-35.9%	1.82B YoY-19.9%
Income taxes paid	1.26B YoY+127.2%	555M YoY-59.8%	1.38B YoY+14.2%	1.21B YoY-3.9%	1.26B YoY-11.5%
Valuation Ratios	as ofJan 30 ’26	as ofJan 31 ’25	as ofFeb 2 ’24	as ofFeb 3 ’23	as ofJan 28 ’22
Market cap	74.6B YoY+3.5%	72.1B YoY+18.5%	60.9B YoY+101.2%	30.2B YoY-29.0%	42.6B YoY+53.0%
P/E	12.6× YoY-19.9%	15.7× YoY-12.6%	18.0× YoY+43.8%	12.5× YoY+63.2%	7.7× YoY-10.6%
P/S	0.7× YoY-12.9%	0.8× YoY+9.6%	0.7× YoY+132.8%	0.3× YoY-29.7%	0.4× YoY+31.1%
P/FCF	8.7× YoY-77.4%	38.6× YoY+275.3%	10.3× YoY-80.9%	53.8× YoY+849.4%	5.7× YoY+90.0%
Earnings yield	8.0% YoY+24.9%	6.4% YoY+14.4%	5.6% YoY-30.5%	8.0% YoY-38.7%	13.1% YoY+11.8%
FCF yield	11.5% YoY+342.2%	2.6% YoY-73.4%	9.7% YoY+423.5%	1.9% YoY-89.5%	17.6% YoY-47.4%
Dividend yield	1.8% YoY+6.8%	1.7% YoY+0.2%	1.7% YoY-45.1%	3.1%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DELL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DELL filings on SEC EDGAR → Not investment advice.

DELL▼ financial statements

About this data

financial statements