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Dell Technologies Inc.

DELL

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

1/31/2025

Revenue
95,567
Cost of Revenue
74,317
Gross Profit
21,250
Gross Margin
22.2%
Operating Income
6,237
Operating Margin
6.5%
Net Income
4,592
Net Margin
4.8%
EPS (Basic)
$6.51
EPS (Diluted)
$6.38
EBITDA
9,585
EBITDA Margin
10.0%

2024

1/31/2024

Revenue
88,425
Cost of Revenue
67,356
Gross Profit
21,069
Gross Margin
23.8%
Operating Income
5,411
Operating Margin
6.1%
Net Income
3,388
Net Margin
3.8%
EPS (Basic)
$4.71
EPS (Diluted)
$4.60
EBITDA
8,891
EBITDA Margin
10.1%

2023

1/31/2023

Revenue
102,301
Cost of Revenue
79,615
Gross Profit
22,686
Gross Margin
22.2%
Operating Income
5,771
Operating Margin
5.6%
Net Income
2,442
Net Margin
2.4%
EPS (Basic)
$3.33
EPS (Diluted)
$3.24
EBITDA
7,662
EBITDA Margin
7.5%

2022

1/31/2022

Revenue
101,197
Cost of Revenue
79,306
Gross Profit
21,891
Gross Margin
21.6%
Operating Income
4,659
Operating Margin
4.6%
Net Income
5,563
Net Margin
5.5%
EPS (Basic)
$7.30
EPS (Diluted)
$7.02
EBITDA
12,016
EBITDA Margin
11.9%

2021

1/31/2021

Revenue
86,670
Cost of Revenue
66,530
Gross Profit
20,140
Gross Margin
23.2%
Operating Income
3,685
Operating Margin
4.3%
Net Income
3,250
Net Margin
3.7%
EPS (Basic)
$4.37
EPS (Diluted)
$4.22
EBITDA
9,788
EBITDA Margin
11.3%