DELL TECHNOLOGIES INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 1/30/26
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 31,503 | 108.5 |
| Stockholders' equity | (2,470) | -8.5 |
| Total capitalization | 29,033 | 100.0 |
LONG-TERM DEBT 1/30/26
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 31,503 |
| Long-term debt, noncurrent | 23,513 |
| Current maturities | 7,990 |
CAPITAL STOCK 1/30/26
| Common shares authorized | 8,800,000,000 |
| Common shares issued | 844,000,000 |
| Par or stated value per share ($) | 0.01 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2026 | 2.10 | 24.2 |
| 2025 | 1.78 | 27.9 |
| 2024 | 1.48 | 32.2 |
| 2023 | 1.32 | 40.7 |
| 2022 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Texas. Formerly known as Denali Holding Inc. (to 21 July 2016).
BUSINESS: Classified by the SEC under Standard Industrial Classification 3571, Electronic Computers. Large accelerated filer. Principal executive office: One Dell Way, Round Rock, TX 78682. Fiscal year ends January 29. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 1/30/26 | 1/31/25 | 2/2/24 |
|---|---|---|---|
| Revenues | 113,538 | 95,567 | 88,425 |
| Cost of revenues | 90,831 | 74,317 | 67,356 |
| Gross profit | 22,707 | 21,250 | 21,069 |
| Research and development | 3,142 | 3,061 | 2,801 |
| Selling, general and administrative | 11,416 | 11,952 | 12,857 |
| Depreciation and amortization | 3,029 | 3,123 | 3,303 |
| Operating income | 8,149 | 6,237 | 5,411 |
| Interest expense | 1,560 | 1,394 | 1,501 |
| Income before income taxes | 7,263 | 5,048 | 4,087 |
| Income taxes | 1,327 | 472 | 715 |
| Net income | 5,936 | 4,592 | 3,388 |
| Earned per share, diluted ($) | 8.68 | 6.38 | 4.60 |
| Dividends per share ($) | 2.10 | 1.78 | 1.48 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 1/30/26 | 1/31/25 |
|---|---|---|
| Cash and equivalents | 11,528 | 3,633 |
| Receivables, net | 17,585 | 10,298 |
| Inventories | 10,437 | 6,716 |
| Total current assets | 57,602 | 36,229 |
| Property, plant and equipment, net | 6,676 | 6,336 |
| Goodwill | 19,547 | 19,120 |
| Total assets | 101,286 | 79,746 |
| Total current liabilities | 63,269 | 46,527 |
| Long-term debt | 23,513 | 19,363 |
| Total liabilities | 103,756 | 81,133 |
| Stockholders' equity | (2,470) | (1,482) |
| Total liabilities and equity | 101,286 | 79,746 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1/30/26 | 113,538 | 8,149 | 5,936 | 5.2 | 8.68 | 2.10 | 11,185 | 2,633 | 8,552 | 101,286 | 103,756 | 31,503 | (2,470) | -240.3 | -12.75 |
| 1/31/25 | 95,567 | 6,237 | 4,592 | 4.8 | 6.38 | 1.78 | 4,521 | 2,652 | 1,869 | 79,746 | 81,133 | 24,567 | (1,482) | -309.9 | -16.58 |
| 2/2/24 | 88,425 | 5,411 | 3,388 | 3.8 | 4.60 | 1.48 | 8,676 | 2,756 | 5,920 | 82,126 | 84,258 | 25,994 | (2,227) | -152.1 | -11.67 |
| 2/3/23 | 102,301 | 5,771 | 2,442 | 2.4 | 3.24 | 1.32 | 3,565 | 3,003 | 562 | 89,611 | 92,636 | 29,588 | (3,122) | -78.2 | -9.48 |
| 1/28/22 | 101,197 | 4,659 | 5,563 | 5.5 | 6.26 | – | 10,307 | 2,796 | 7,511 | 92,735 | 94,315 | 26,954 | (1,685) | -330.1 | -16.00 |
| 1/29/21 | 86,670 | 3,685 | 3,250 | 3.7 | 4.22 | – | 11,407 | 2,082 | 9,325 | 123,415 | 115,390 | 39,222 | 2,479 | 131.1 | 15.82 |
| 1/31/20 | 84,815 | 2,366 | 4,616 | 5.4 | 6.03 | – | 9,291 | 2,576 | 6,715 | 118,861 | 115,077 | 52,056 | (1,574) | -293.3 | -33.07 |
| 2/1/19 | 90,621 | (191) | (2,310) | -2.5 | – | – | 6,991 | 1,497 | 5,494 | 111,820 | 111,566 | 53,521 | (5,765) | 40.1 | -9.28 |
| 2/2/18 | 79,040 | (2,416) | (2,849) | -3.6 | – | – | 6,843 | 1,212 | 5,631 | 124,193 | 106,324 | 51,871 | 11,719 | -24.3 | 4.43 |
| 2/3/17 | 62,164 | (2,390) | (1,167) | -1.9 | – | – | 2,367 | 699 | 1,668 | 118,206 | 98,966 | 49,390 | 13,243 | -8.8 | 3.73 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Dell Technologies Inc.
CIK 1571996 · EIN 80-0890963
PRINCIPAL OFFICE:
One Dell Way, Round Rock, TX 78682
Tel.: 800-289-3355
INCORPORATED:
Texas
INDUSTRY (SEC SIC CODE):
3571 · Electronic Computers
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 1/30/26, filed 16 March 2026
FORMER NAMES:
Dell Technologies Inc; Denali Holding Inc.
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2026 (filed 3/16/26) · 10-K FY2025 (filed 3/25/25) · 10-K FY2024 (filed 3/25/24) · 10-K FY2023 (filed 3/30/23) · 10-K FY2022 (filed 3/24/22) · 10-K FY2021 (filed 3/26/21) · 10-K FY2020 (filed 3/27/20) · 10-K FY2019 (filed 3/29/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.