Dell Technologies operating income 2014–2027What are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
Dell Technologies's operating income in Q2 FY2027, the three months to 31 July 2026, was 5.39B USD, up 203.7% on the same quarter a year before. Dell Technologies's operating income over the last twelve months was 14.25B USD, up 110.7% on the twelve months before. In fiscal year 2026 it was 8.15B USD, up 30.7% on the year before.
Last updated 6 Nov 2026 · Next report 24 Nov 2026
Operating income
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 31 Jul 2026 | 14.25B | +110.67% | 9.43% | 29.94B | 19.80% | 18.40B |
| FY2026 | 30 Jan 2026 | 8.15B | +30.66% | 7.18% | 22.71B | 20.00% | 11.85B |
| FY2025 | 31 Jan 2025 | 6.24B | +15.27% | 6.53% | 21.25B | 22.24% | 9.59B |
| FY2024 | 2 Feb 2024 | 5.41B | -6.24% | 6.12% | 21.07B | 23.83% | 8.89B |
| FY2023 | 3 Feb 2023 | 5.77B | +23.87% | 5.64% | 22.69B | 22.18% | 7.66B |
| FY2022 | 28 Jan 2022 | 4.66B | +26.43% | 4.60% | 21.89B | 21.63% | 12.02B |
| FY2021 | 29 Jan 2021 | 3.69B | +55.75% | 4.25% | 20.14B | 23.24% | 9.79B |
| FY2020 | 31 Jan 2020 | 2.37B | — | 2.79% | 20.64B | 24.33% | 8.49B |
| FY2019 | 31 Jan 2019 | -191.00M | — | -0.21% | 25.05B | 27.65% | 8.00B |
| FY2018 | 31 Jan 2018 | -2.42B | — | -3.06% | 20.54B | 25.98% | 6.38B |
| FY2017 | 31 Jan 2017 | -2.39B | — | -3.84% | 13.65B | 21.96% | 2.59B |
| FY2016 | 31 Jan 2016 | -514.00M | — | -1.01% | 8.39B | 16.47% | 2.29B |
| FY2015 | 31 Jan 2015 | -448.00M | — | -0.83% | 8.74B | 16.19% | 2.57B |
| FY2014 | 31 Jan 2014 | -1.28B | — | -2.27% | 9.49B | 16.82% | 1.11B |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 31 Jul 2026 | 5.39B | +203.72% | 11.46% | 9.83B | 20.93% | 6.23B |
| Q1 FY2027 | 1 May 2026 | 3.66B | +213.82% | 8.34% | 7.78B | 17.75% | 5.10B |
| Q4 FY2026 | 30 Jan 2026 | 3.09B | +43.21% | 9.26% | 6.73B | 20.16% | 3.98B |
| Q3 FY2026 | 31 Oct 2025 | 2.12B | +27.04% | 7.85% | 5.59B | 20.71% | 3.09B |
| Q2 FY2026 | 1 Aug 2025 | 1.77B | +32.12% | 5.95% | 5.45B | 18.29% | 2.60B |
| Q1 FY2026 | 2 May 2025 | 1.17B | +20.73% | 4.98% | 4.94B | 21.12% | 2.18B |
| Q4 FY2025 | 31 Jan 2025 | 2.16B | +39.56% | 9.07% | 5.49B | 23.04% | 3.09B |
| Q3 FY2025 | 1 Nov 2024 | 1.67B | +12.25% | 6.85% | 5.31B | 21.78% | 2.49B |
| Q2 FY2025 | 2 Aug 2024 | 1.34B | +15.19% | 5.36% | 5.31B | 21.22% | 2.16B |
| Q1 FY2025 | 3 May 2024 | 965.00M | -9.73% | 4.34% | 4.85B | 21.81% | 1.75B |
| Q4 FY2024 | 31 Jan 2024 | 1.55B | +30.11% | 6.93% | 5.32B | 23.82% | 2.50B |
| Q3 FY2024 | 3 Nov 2023 | 1.49B | -15.66% | 6.68% | 5.15B | 23.14% | 2.37B |
| Q2 FY2024 | 4 Aug 2023 | 1.17B | -8.27% | 5.08% | 5.39B | 23.49% | 1.97B |
| Q1 FY2024 | 5 May 2023 | 1.07B | -31.03% | 5.11% | 5.02B | 23.98% | 1.92B |
| Q4 FY2023 | 31 Jan 2023 | 1.19B | +111.19% | 4.75% | 5.76B | 22.99% | 2.16B |
| Q3 FY2023 | 28 Oct 2022 | 1.76B | +68.45% | 7.13% | 5.71B | 23.09% | 1.59B |
| Q2 FY2023 | 29 Jul 2022 | 1.27B | +24.88% | 4.81% | 5.44B | 20.58% | 1.71B |
| Q1 FY2023 | 29 Apr 2022 | 1.55B | +57.04% | 5.94% | 5.78B | 22.15% | 2.22B |
| Q4 FY2022 | 31 Jan 2022 | 563.00M | -74.14% | 2.54% | -1.81B | -8.16% | 35.00M |
| Q3 FY2022 | 29 Oct 2021 | 1.05B | -7.35% | 3.96% | 5.53B | 20.94% | 6.25B |
| Q2 FY2022 | 30 Jul 2021 | 1.02B | -10.48% | 4.20% | 5.48B | 22.63% | 2.38B |
| Q1 FY2022 | 30 Apr 2021 | 987.00M | +40.60% | 4.37% | 5.26B | 23.30% | 2.38B |
| Q4 FY2021 | 31 Jan 2021 | 2.18B | +203.63% | 8.34% | 8.15B | 31.20% | 3.54B |
| Q3 FY2021 | 30 Oct 2020 | 1.13B | +35.05% | 4.81% | 7.26B | 30.92% | 3.33B |
| Q2 FY2021 | 31 Jul 2020 | 1.14B | +118.88% | 5.00% | 7.16B | 31.48% | 2.50B |
| Q1 FY2021 | 1 May 2020 | 702.00M | +27.64% | 3.21% | 6.85B | 31.30% | 2.12B |
| Q4 FY2020 | 31 Jan 2020 | 717.00M | +116.62% | 2.98% | 7.68B | 31.97% | 2.26B |
| Q3 FY2020 | 1 Nov 2019 | 836.00M | — | 3.66% | 7.13B | 31.19% | 2.35B |
| Q2 FY2020 | 2 Aug 2019 | 519.00M | — | 2.22% | 7.33B | 31.35% | 2.10B |
| Q1 FY2020 | 3 May 2019 | 550.00M | — | 2.51% | 6.80B | 31.03% | 2.23B |
| Q4 FY2019 | 31 Jan 2019 | 331.00M | — | 1.39% | 7.11B | 29.82% | 2.32B |
| Q3 FY2019 | 2 Nov 2018 | -356.00M | — | -1.58% | 5.94B | 26.43% | 1.61B |
| Q2 FY2019 | 3 Aug 2018 | -13.00M | — | -0.06% | 6.12B | 26.69% | 2.11B |
| Q1 FY2019 | 4 May 2018 | -153.00M | — | -0.72% | 5.88B | 27.52% | 1.89B |
| Q4 FY2018 | 31 Jan 2018 | -321.00M | — | -1.46% | 5.78B | 26.35% | 1.87B |
| Q3 FY2018 | 3 Nov 2017 | -410.00M | — | -2.10% | 5.22B | 26.69% | 1.75B |
| Q2 FY2018 | 4 Aug 2017 | -665.00M | -1,092.54% | -3.41% | 4.97B | 25.45% | 1.54B |
| Q1 FY2018 | 5 May 2017 | -1.27B | — | -7.07% | 4.46B | 24.76% | 965.00M |
| Q4 FY2017 | 31 Jan 2017 | -1.67B | — | -8.31% | 4.53B | 22.57% | 282.00M |
| Q3 FY2017 | 28 Oct 2016 | -1.51B | — | -9.31% | 3.90B | 24.00% | 100.00M |
| Q2 FY2017 | 29 Jul 2016 | 67.00M | — | 0.51% | 2.34B | 17.87% | 700.00M |
| Q1 FY2017 | 29 Apr 2016 | -139.00M | — | -1.14% | 2.19B | 17.92% | 520.00M |
| Q4 FY2016 | 31 Jan 2016 | -26.00M | — | -0.21% | 2.25B | 17.78% | 682.00M |
| Q3 FY2016 | 30 Oct 2015 | -78.00M | — | -0.62% | 2.13B | 16.82% | 620.00M |
| Q2 FY2016 | 31 Jul 2015 | -103.00M | -402.94% | -0.79% | 2.08B | 16.02% | -140.00M |
| Q1 FY2016 | 1 May 2015 | -311.00M | — | -2.48% | 1.91B | 15.27% | 352.00M |
| Q4 FY2015 | 31 Jan 2015 | -177.00M | — | -1.24% | 2.39B | 16.77% | 620.00M |
| Q3 FY2015 | 31 Oct 2014 | -128.00M | — | -0.89% | 2.53B | 17.63% | 619.00M |
| Q2 FY2015 | 1 Aug 2014 | 34.00M | — | 0.23% | 2.76B | 18.64% | 789.00M |
| Q1 FY2015 | 1 May 2014 | -58.50M | — | -0.40% | 2.66B | 18.04% | 696.50M |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Dell Technologies's operating income
Source: Financial Modeling Prep
