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Operating Margin for Dell Technologies (DELL)

As of · Reported

Metric

TTM

8.0%

YoY change

+0.91pp

Trough year (2017)

-3.8%

Peak year (2026)

7.4%

Operating Margin history chart for Dell Technologies (DELL) from 2014 to 2026

Latest: 7.4%

Operating Margin change chart for Dell Technologies (DELL) from 2014 to 2026

Latest: +0.91pp

Operating Margin history table for Dell Technologies (DELL) from 2014 to 2026

  • 20267.4%+0.91pp
  • 20256.5%+0.41pp
  • 20246.1%+0.48pp
  • 20246.1%+0.48pp
  • 20235.6%+1.04pp
  • 20235.6%+1.04pp
  • 20224.6%+0.35pp
  • 20224.6%+0.35pp
  • 20214.3%+1.46pp
  • 20214.3%+1.46pp
  • 20202.8%+3.00pp
  • 2019-0.2%+2.85pp
  • 2018-3.1%+0.79pp
  • 2017-3.8%-2.84pp
  • 2016-1.0%-0.18pp
  • 2015-0.8%+1.44pp
  • 2014-2.3%—

Operating Margin values are taken from Dell Technologies's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Dell Technologies (DELL)

According to Dell Technologies's latest reported financial statements, the company's latest reported operating margin is 8.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2026 fiscal year, Dell Technologies (DELL) reported operating margin of 7.44% – expanded 0.9 percentage points year-over-year.

2026 marks the peak operating margin at 7.44%, with the historical low of -3.84% recorded in 2017.

Dell Technologies Operating Margin by Year

Dell Technologies Operating Margin 2026: 7.4%

In 2026, Dell Technologies reported operating margin of 7.44%, expanded 0.9 percentage points from 2025. This figure represents the highest annual value in the available history.

Dell Technologies Operating Margin 2025: 6.5%

Dell Technologies operating margin in 2025 was 6.53%, expanded 0.4 percentage points from 2024.

Dell Technologies Operating Margin 2024: 6.1%

2024's operating margin for Dell Technologies came in at 6.12%, expanded 0.0 percentage points from 2024.

Dell Technologies Operating Margin 2024: 6.1%

2024's operating margin for Dell Technologies came in at 6.12%, expanded 0.5 percentage points from 2023.

Dell Technologies Operating Margin 2023: 5.6%

Dell Technologies operating margin in 2023 was 5.64%.

See more financial history for Dell Technologies (DELL).

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Technology peers of Dell Technologies (DELL), ranked by their latest operating margin

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