# Dell Technologies Inc. (DELL) FY2025 Annual P&L / Income Statement

- Company: Dell Technologies Inc. (DELL)
- Period: 2024-02-03 to 2025-01-31
- Filing: FY2025 10-K, filed 2025-03-25, accession number 0001571996-25-000034
- Page: https://plicit.ai/financials/dell/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/dell-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2024-02-03 through 2025-01-31. View: Product and service. Revenue and costs use their disclosed categories.

- **Total net revenue**: 95,567,000,000 US dollars
- **Total cost of net revenue**: 74,317,000,000 US dollars
- **Gross margin**: 21,250,000,000 US dollars
- **Total operating expenses**: 15,013,000,000 US dollars
- **Operating income**: 6,237,000,000 US dollars
- **Interest and other, net**: negative 1,189,000,000 US dollars
- **Income before income taxes**: 5,048,000,000 US dollars
- **Income tax expense**: 472,000,000 US dollars
- **Net income**: 4,576,000,000 US dollars
- **Products revenue**: 71,420,000,000 US dollars
- **Services revenue**: 24,147,000,000 US dollars
- **Products cost of revenue**: 60,162,000,000 US dollars
- **Services cost of revenue**: 14,155,000,000 US dollars
- **Research and development**: 3,061,000,000 US dollars
- **Selling, general, and administrative**: 11,952,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to Dell Technologies Inc.: $4.59 B; to noncontrolling interests: −$16.00 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/dell/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/dell-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2024-02-03 through 2025-01-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net revenue**: 95,567,000,000 US dollars
- **Total cost of net revenue**: 74,317,000,000 US dollars
- **Gross margin**: 21,250,000,000 US dollars
- **Total operating expenses**: 15,013,000,000 US dollars
- **Operating income**: 6,237,000,000 US dollars
- **Interest and other, net**: negative 1,189,000,000 US dollars
- **Income before income taxes**: 5,048,000,000 US dollars
- **Income tax expense**: 472,000,000 US dollars
- **Net income**: 4,576,000,000 US dollars
- **UNITED STATES**: 51,014,000,000 US dollars
- **Foreign countries**: 44,553,000,000 US dollars
- **Research and development**: 3,061,000,000 US dollars
- **Selling, general, and administrative**: 11,952,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to Dell Technologies Inc.: $4.59 B; to noncontrolling interests: −$16.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/dell/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/dell-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2024-02-03 through 2025-01-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net revenue**: 95,567,000,000 US dollars
- **Total cost of net revenue**: 74,317,000,000 US dollars
- **Gross margin**: 21,250,000,000 US dollars
- **Total operating expenses**: 15,013,000,000 US dollars
- **Operating income**: 6,237,000,000 US dollars
- **Interest and other, net**: negative 1,189,000,000 US dollars
- **Income before income taxes**: 5,048,000,000 US dollars
- **Income tax expense**: 472,000,000 US dollars
- **Net income**: 4,576,000,000 US dollars
- **Infrastructure Solutions Group**: 43,593,000,000 US dollars
- **Client Solutions Group**: 48,393,000,000 US dollars
- **Research and development**: 3,061,000,000 US dollars
- **Selling, general, and administrative**: 11,952,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 91,986,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and other**: 3,581,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Infrastructure Solutions Group costs (calculated)**: 38,014,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Client Solutions Group costs (calculated)**: 45,421,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: 5,895,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to Dell Technologies Inc.: $4.59 B; to noncontrolling interests: −$16.00 M.