Operating Income for Dell Technologies (DELL)
According to Dell Technologies's latest reported financial statements, the company's current operating income (TTM) is $8.20B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$8.20B
YoY change
+35.4%
5Y CAGR
+18.0%
Peak year (2026)
$8.45B
Cumulative operating income
$48.86B
Operating Income history chart for Dell Technologies (DELL) from 2014 to 2026
Operating Income history table for Dell Technologies (DELL) from 2014 to 2026
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2026 | $8.45B | +35.4% | ||
| 2025 | $6.24B | +15.3% | ||
| 2024 | $5.41B | -6.2% | ||
| 2024 | $5.41B | -6.2% | ||
| 2023 | $5.77B | +23.9% | ||
| 2023 | $5.77B | +23.9% | ||
| 2022 | $4.66B | +26.4% | ||
| 2022 | $4.66B | +26.4% | ||
| 2021 | $3.69B | +55.7% | ||
| 2021 | $3.69B | +55.7% | ||
| 2020 | $2.37B | -1338.7% | ||
| 2019 | -$191.00M | -92.1% | ||
| 2018 | -$2.42B | +1.1% | ||
| 2017 | -$2.39B | +365.0% | ||
| 2016 | -$514.00M | +14.7% | ||
| 2015 | -$448.00M | -65.0% | ||
| 2014 | -$1.28B | — |
Operating Income values are taken from Dell Technologies's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2026 fiscal year, Dell Technologies (DELL) reported operating income of $8.45B – surged 35.4% year-over-year.
Over 2023–2026 (5 years), Dell Technologies operating income expanded at a +18.0% compound annual rate, sustaining 2 straight years of year-over-year growth.
The highest annual operating income of $8.45B was reported in 2026. The lowest in the available history was -$2.42B in 2018.
Among 8 Technology peers, Dell Technologies (DELL) ranks 8th; the peer median for operating income is $77.01B.
Dell Technologies Operating Income by Year
Dell Technologies Operating Income 2026: $8.45B
Dell Technologies operating income in 2026 was $8.45B, surged 35.4% from 2025. This figure represents the highest annual value in the available history.
Dell Technologies Operating Income 2025: $6.24B
Dell Technologies operating income in 2025 was $6.24B, grew 15.3% from 2024.
Dell Technologies Operating Income 2024: $5.41B
Dell Technologies operating income in 2024 was $5.41B, edged up 0.0% from 2024.
Dell Technologies Operating Income 2024: $5.41B
Dell Technologies operating income in 2024 was $5.41B, declined 6.2% below 2023.
Dell Technologies Operating Income 2023: $5.77B
Dell Technologies operating income in 2023 was $5.77B.
See more financial history for Dell Technologies (DELL).
Sector peers — Operating Income
Companies in the same sector as Dell Technologies, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Dell Technologies's operating income?
- Latest reported operating income for Dell Technologies (DELL) is $8.20B (period ending January 30, 2026).
How has Dell Technologies operating income changed year-over-year?
- Dell Technologies (DELL) operating income changed +35.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Dell Technologies operating income?
- Dell Technologies (DELL) operating income compound annual growth rate is +18.0% over the most recent 5 years available.
When did Dell Technologies operating income hit its highest annual value?
- Dell Technologies operating income reached its highest annual value of $8.45B in 2026.
What was Dell Technologies operating income in 2025?
- Dell Technologies (DELL) operating income in 2025 was $6.24B.
What was Dell Technologies operating income in 2026?
- Dell Technologies (DELL) operating income in 2026 was $8.45B.
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