Below are the financial statements of Dell Technologies, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2025 | 2024 | 2023 |
|---|---|---|---|
| Net revenue | — | — | — |
| Products | 71.42a | 64.35a | 79.25a |
| Services | 24.15a | 24.07a | 23.05a |
| Total net revenue | 95.57a | 88.43a | 102.3a |
| Cost of net revenue | — | — | — |
| Products | -60.16a | -53.12a | -66.03a |
| Services | -14.16a | -14.24a | -13.59a |
| Total cost of net revenue | -74.32a | -67.36a | -79.62a |
| Gross margin | 21.25a | 21.07a | 22.69a |
| Operating expenses | — | — | — |
| Selling, general, and administrative | -11.95a | -12.86a | -14.14a |
| Research and development | -3.06a | -2.8a | -2.78a |
| Total operating expenses | -15.01a | -15.66a | -16.92a |
| Operating income | 6.24a | 5.41a | 5.77a |
| Interest and other, net | -1.19a | -1.32a | -2.55a |
| Income before income taxes | 5.05a | 4.09a | 3.23a |
| Income tax expense | -0.47a | -0.72a | -0.8a |
| Net income | 4.58a | 3.37a | 2.42a |
| Less: Net loss attributable to non-controlling interests | -0.02a | -0.02a | -0.02a |
| Net income attributable to Dell Technologies Inc. | 4.59a | 3.39a | 2.44a |
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