--- title: "Dell Technologies: Metrics Guide" description: "Dell Technologies revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/dell-technologies/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Dell Technologies: Financial & Operating Metrics Guide ## Direct Answer Dell Technologies reported revenue of $114 billion for the fiscal year ended January 30, 2026, with an operating margin of 7.2% and net income of $5.9 billion, according to its SEC filings. Revenue grew 18.8% from the prior year. ## What Are Dell Technologies's Key Financial Figures? | Fiscal year | FY2026ended January 30, 2026 | FY2025ended January 31, 2025 | FY2024ended February 2, 2024 | FY2023ended February 3, 2023 | | --- | --- | --- | --- | --- | | Revenue | $114 billion | $95.6 billion | $88.4 billion | $102 billion | | Operating income | $8.1 billion | $6.2 billion | $5.4 billion | $5.8 billion | | Operating margin | 7.2% | 6.5% | 6.1% | 5.6% | | Net income | $5.9 billion | $4.6 billion | $3.4 billion | $2.4 billion | | Net margin | 5.2% | 4.8% | 3.8% | 2.4% | | Operating cash flow | $11.2 billion | $4.5 billion | $8.7 billion | $3.6 billion | | Capital expenditures | $2.6 billion | $2.7 billion | $2.8 billion | $3.0 billion | | Free cash flow | $8.6 billion | $1.9 billion | $5.9 billion | $562 million | Operating margin widened by 0.7 percentage points between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $8.6 billion against net income of $5.9 billion; cash generation covered reported earnings. ![Bar chart of Dell Technologies revenue, operating income, net income for fiscal 2023 to 2026. In fiscal 2026, revenue was $114 billion, operating income $8.1 billion and net income $5.9 billion.](https://www.getswoopr.com/images/charts/dell-technologies-metrics-revenue-profit.webp) *Dell Technologies revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Dell Technologies operating margin and net margin for fiscal 2023 to 2026. In fiscal 2026, operating margin was 7.2% and net margin was 5.2%.](https://www.getswoopr.com/images/charts/dell-technologies-metrics-margins.webp) *Dell Technologies operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Dell Technologies operating cash flow, capital expenditures, free cash flow for fiscal 2023 to 2026. In fiscal 2026, operating cash flow was $11.2 billion, capital expenditures was $2.6 billion, free cash flow was $8.6 billion.](https://www.getswoopr.com/images/charts/dell-technologies-metrics-cash-flow.webp) *Dell Technologies operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Dell Technologies's Balance Sheet Show? | Cash and cash equivalents | $11.5 billion | | --- | --- | | Long-term debt | $23.5 billion | | Total assets | $101 billion | | Total liabilities | $104 billion | | Shareholders' equity | -$2.5 billion | | Current ratio | 0.9x | Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Dell Technologies reported in its own SEC filings, read from the SEC's XBRL data (accession 0001571996-26-000008 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Dell Technologies's revenue in fiscal 2026? Dell Technologies reported revenue of $114 billion for the fiscal year ended January 30, 2026, according to its SEC filings. ### What is Dell Technologies's operating margin? Dell Technologies's operating margin was 7.2% in fiscal 2026: operating income of $8.1 billion on revenue of $114 billion. ### How much free cash flow did Dell Technologies generate? Operating cash flow of $11.2 billion less capital expenditures of $2.6 billion gives free cash flow of $8.6 billion for fiscal 2026. ## References - [SEC EDGAR: Dell Technologies Inc. Form 10-K filed March 16, 2026](https://www.sec.gov/Archives/edgar/data/1571996/000157199626000008/dell-20260130.htm) - [SEC EDGAR: Dell Technologies Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1571996&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Dell Technologies company dossier](https://www.getswoopr.com/stocks/companies/dell-technologies/) - [Dell Technologies financial metrics](https://www.getswoopr.com/stocks/companies/dell-technologies/metrics/) - [Dell Technologies financial risk indicators](https://www.getswoopr.com/stocks/companies/dell-technologies/risks/) - [Dell Technologies peer comparison](https://www.getswoopr.com/stocks/companies/dell-technologies/competitors/) - [Dell Technologies business model and revenue mix](https://www.getswoopr.com/stocks/companies/dell-technologies/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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