Dell Technologies

Information Technology Technology Hardware, Storage & Peripherals Round Rock, Texas Last filing Mar 16, 2026 · FY2026

                    Revenue
                    FY2026
                
$113.5B
                    3y CAGR +8.7%
                    
                    P60
                    
                    +18.8%
                    
                    Net income
                    FY2026
                
$5.9B
                    Net margin +5.2%
                    
                    P27
                    
                    +29.3%
                    
                    Total assets
                    FY2026
                
$101.3B
                    ROA +5.9%
                    
                    P57
                    
                    +27.0%
                    
                    Operating cash flow
                    FY2026
                
$11.2B
                    FCF margin +7.5%
                    
                    P20
                    
                    +147.4%

13 yrs · FY2014–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

35 accounts · 3 years

Total assets $101.3B

Total liabilities $103.8B

Shareholders equity $-2.5B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	$11.5B 217.3%	$3.6B -50.7%	$7.4B
Short Term Investments	$77.0M 862.5%	$8.0M -20.0%	$10.0M
Accounts Receivable	$17.6B 70.8%	$10.3B 14404.2%	$71.0M
Inventory	$10.4B 55.4%	$6.7B 85.4%	$3.6B
Prepaid Expenses	$552.0M -2.1%	$564.0M -4.2%	$589.0M
Other Current Assets	$9.6B -0.2%	$9.6B -12.4%	$11.0B
Total Current Assets	$57.6B 59.0%	$36.2B 0.8%	$35.9B
Property,Plant and Equipment	$6.7B 5.4%	$6.3B -1.5%	$6.4B
Operating Lease Assets	$640.0M -3.0%	$660.0M -6.6%	$707.0M
Goodwill	$19.5B 2.2%	$19.1B -2.9%	$19.7B
Intangible Assets	$4.5B -9.1%	$5.0B -12.5%	$5.7B
Long Term Investments	$1.7B 15.6%	$1.5B 13.7%	$1.3B
Other Noncurrent Assets	$5.4B -4.8%	$5.7B -20.6%	$7.1B
Total Assets	$101.3B 27.0%	$79.7B -2.9%	$82.1B
Liabilities
Accounts Payable	$33.6B 61.4%	$20.8B	—
Accrued Liabilities	$8.3B 26.0%	$6.6B -3.1%	$6.8B
Deferred Revenue	$13.3B -2.5%	$13.7B -10.7%	$15.3B
Current Portion of Long Term Debt	$8.0B 53.5%	$5.2B -25.5%	$7.0B
Operating Lease Liabilities	$246.0M 4.2%	$236.0M -6.7%	$253.0M
Other Current Liabilities	$3.4B 14.5%	$3.0B -3.7%	$3.1B
Total Current Liabilities	$63.3B 36.0%	$46.5B -4.1%	$48.5B
Long Term Debt	$23.5B 21.4%	$19.4B 1.8%	$19.0B
Deferred Revenue Noncurrent	$13.6B 10.6%	$12.3B -11.1%	$13.8B
Operating Lease Liabilities Noncurrent	$481.0M -7.9%	$522.0M -9.4%	$576.0M
Deferred Tax Liabilities	$0 -100.0%	$1.2B -19.9%	$1.5B
Other Noncurrent Liabilities	$3.4B 14.5%	$3.0B -3.7%	$3.1B
Total Liabilities	$103.8B 27.9%	$81.1B -3.9%	$84.4B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$9.5B 3.7%	$9.1B 2.2%	$8.9B
Additional Paid In Capital	$723.0M -7.9%	$785.0M -10.6%	$878.0M
Retained Earnings	$3.3B 386.6%	$-1.2B 74.9%	$-4.6B
Treasury Stock	$14.5B 70.9%	$8.5B 44.1%	$5.9B
Accumulated Other Comprehensive Income	$-719.0M 23.4%	$-939.0M -17.4%	$-800.0M
Total Stockholders Equity	$-2.5B -66.7%	$-1.5B 38.4%	$-2.4B
Total Liabilitiesand Equity	$101.3B 27.0%	$79.7B -2.9%	$82.1B

Income Statement

Revenue, expense, and profitability

21 accounts · 3 years

Revenue $113.5B

Operating income $8.1B

Net income $5.9B

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	$113.5B 18.8%	$95.6B 8.1%	$88.4B
Expenses Cost of Revenue	$90.8B 22.2%	$74.3B 10.3%	$67.4B
Expenses Research and Development	$3.1B 2.6%	$3.1B 9.3%	$2.8B
Expenses Selling,General and Administrative	$11.4B -4.5%	$12.0B -7.0%	$12.9B
Expenses Depreciation and Amortization	$3.0B -3.0%	$3.1B -5.4%	$3.3B
Expenses Share Based Compensation	$723.0M -7.9%	$785.0M -10.6%	$878.0M
Expenses Restructuring and Asset Impairment	$569.0M -17.9%	$693.0M 6.9%	$648.0M
Expenses Operating Expenses	$14.6B -3.0%	$15.0B -4.1%	$15.7B
Other Income Expense Gross Profit	$22.7B 6.9%	$21.2B 0.9%	$21.1B
Other Income Expense Operating Income	$8.1B 30.7%	$6.2B 15.3%	$5.4B
Other Income Expense Interest Income	$256.0M 60.0%	$160.0M -47.5%	$305.0M
Other Income Expense Interest Expense	$1.6B 11.9%	$1.4B -7.1%	$1.5B
Other Income Expense Other Income/expense	$23.0M 215.0%	$-20.0M -183.3%	$24.0M
Other Income Expense Income Before Tax	$7.3B 43.9%	$5.0B 23.5%	$4.1B
Income Tax Income Tax Expense	$1.3B 181.1%	$472.0M -34.0%	$715.0M
net Income net Income	$5.9B 29.3%	$4.6B 35.5%	$3.4B
net Income Comprehensive Income	$6.1B 38.1%	$4.5B 24.1%	$3.6B
Earnings Per Share Basic Eps	$9 35.0%	$7 38.2%	$5
Earnings Per Share Diluted Eps	$9 36.1%	$6 38.7%	$5
Earnings Per Share Weighted Average Shares Basic	$675.0M -4.3%	$705.0M -2.1%	$720.0M
Earnings Per Share Weighted Average Shares Diluted	$684.0M -5.0%	$720.0M -2.2%	$736.0M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $11.2B

Investing cash flow $-2.1B

Financing cash flow $-1.5B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	$5.9B 29.3%	$4.6B 35.5%	$3.4B
Operating Activities Depreciation and Amortization	$3.0B -3.0%	$3.1B -5.4%	$3.3B
Operating Activities Stock Based Compensation	$723.0M -7.9%	$785.0M -10.6%	$878.0M
Operating Activities Deferred Income Taxes	$-60.0M 71.2%	$-208.0M -128.6%	$-91.0M
Operating Activities Changes In Operating Assets and Liabilities	$23.6B 488.5%	$4.0B 173.4%	$-5.5B
Operating Activities net Cash From Operating Activities	$11.2B 147.4%	$4.5B -47.9%	$8.7B
Investing Activities Capital Expenditures	$2.6B -0.7%	$2.7B -3.8%	$2.8B
Investing Activities Business Acquisitions	$84.0M	$0 -100.0%	$126.0M
Investing Activities Purchases of Investments	$197.0M 57.6%	$125.0M -27.3%	$172.0M
Investing Activities Other Investing Activities	$-80.0M 55.6%	$-180.0M -300.0%	$-45.0M
Investing Activities net Cash From Investing Activities	$-2.1B 7.2%	$-2.2B 20.4%	$-2.8B
Financing Activities Proceeds From Debt	$15.0B 62.1%	$9.3B 19.1%	$7.8B
Financing Activities Repayment of Debt	$8.5B -19.4%	$10.6B -6.0%	$11.2B
Financing Activities Repurchase of Common Stock	$6.0B 132.4%	$2.6B 24.4%	$2.1B
Financing Activities Dividends Paid	$1.5B 14.4%	$1.3B 18.9%	$1.1B
Financing Activities Proceeds From Stock Issuance	$5.0M 400.0%	$1.0M -90.0%	$10.0M
Financing Activities Tax Withholding On Stock Based Compensation	$390.0M -32.4%	$577.0M 55.1%	$372.0M
Financing Activities Other Financing Activities	$-88.0M -37.5%	$-64.0M 41.3%	$-109.0M
Financing Activities net Cash From Financing Activities	$-1.5B 74.8%	$-5.8B 18.0%	$-7.1B
Cash Reconciliation Cash At Beginning of Period	$11.5B 217.3%	$3.6B -51.6%	$7.5B
Cash Reconciliation Cash At End of Period	$11.5B 217.3%	$3.6B -51.6%	$7.5B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	+20.0%	+22.2%	+23.8%
Operating margin	+7.2%	+6.5%	+6.1%
Net margin	+5.2%	+4.8%	+3.8%
FCF margin	+7.5%	+2.0%	+6.7%
Growth
Revenue CAGR (3y)	+8.7%	-2.2%	-4.4%
Returns
ROE	-240.3%	-309.9%	-140.9%
ROA	+5.9%	+5.8%	+4.1%
ROIC	+38.0%	+29.1%	+27.5%
Liquidity
Current ratio	0.91x	0.78x	0.74x
Quick ratio	0.46x	0.30x	0.15x
Leverage
D/E	-42.01x	-54.75x	-35.11x
Interest coverage	5.22x	4.47x	3.60x
Efficiency
Asset turnover	1.12x	1.20x	1.08x
Cash conversion cycle	-37d	-30d	—

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Dell Technologies

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