← Dell Technologies Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Research and development $2.6b $4.4b $4.6b $5.0b $5.3b $2.6b $2.8b $2.8b $3.1b $3.1b
Selling, general, and administrative $13.6b $19.0b $20.6b $21.3b $19.0b $14.7b $14.1b $12.9b $12.0b $11.4b
Total operating expenses $16.2b $23.4b $25.2b $26.3b $24.3b $17.2b $16.9b $15.7b $15.0b $14.6b
Operating income ($3.3b) ($3.3b) ($191.0m) $2.6b $5.1b $4.7b $5.8b $5.2b $6.2b $8.1b
Gross margin $13.0b $20.1b $25.1b $28.9b $29.4b $21.9b $22.7b $20.9b $21.2b $22.7b
Interest and other, net ($2.1b) ($2.4b) ($2.2b) ($2.6b) ($1.5b) $1.3b ($2.5b) ($1.3b) ($1.2b) ($886.0m)
Less: Net loss attributable to non-controlling interests ($46.0m) ($127.0m) $129.0m $913.0m $255.0m ($6.0m) ($20.0m) ($16.0m) ($16.0m) $0
Total net revenue $61.6b $78.7b $90.6b $92.2b $94.2b $101.2b $102.3b $88.4b $95.6b $113.5b
Income before income taxes ($5.4b) ($5.7b) ($2.4b) ($4.0m) $3.7b $5.9b $3.2b $3.9b $5.0b $7.3b
Net income ($1.7b) ($3.9b) ($2.2b) $5.5b $3.5b $5.7b $2.4b $3.2b $4.6b $5.9b
Net income attributable to Dell Technologies Inc. ($1.7b) ($3.7b) ($2.3b) $4.6b $3.2b $5.6b $2.4b $3.2b $4.6b $5.9b
Basic (in dollars per share) — ($2.02) ($0.01) $3.23 $4.37 — $3.33 $4.71 $6.51 $8.79
Diluted (in dollars per share) — ($2.03) ($0.07) $3.06 $4.22 — $3.24 $4.60 $6.38 $8.68
Income tax expense ($1.6b) ($1.8b) ($180.0m) ($5.5b) $165.0m $981.0m $803.0m $692.0m $472.0m $1.3b
Total cost of net revenue $48.7b $58.6b $65.6b $63.2b $64.8b $79.3b $79.6b $67.6b $74.3b $90.8b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.